You are at the juncture of your education and career; have you thought about what you want to do?
We have grown up believing that in order to be successful, you have to be either a Doctor or an Engineer. Or in today’s world, an MBA. There is no denying that these careers are one of the best paying jobs currently, but they are not exclusive! Contrary to popular belief, with the advancement of technology and maturing of markets, a host of lucrative careers have cropped up.
According to a report by Economic Times in December 2015, the Indian job market looks promising in 2016 onwards and assures pay hikes in the range of 10-30% along with aggressive hiring in the private sector. But to boost this, the Indian market will need a shove from the e-commerce sector and ‘Make in India’ campaign.
With the end of 2015, HR experts and headhunters feel green shoots of 'achche din' were visible in the job market as hiring activities grew by nearly 10 per cent the previous year and broadly an upward trend was witnessed as the months passed by, barring a few blips around May-June.
You are at the juncture of your education and career; have you thought about what you want to do? Have you assessed your interests and skill set to determine what’s the best fit for you?
To help you make a decision on which career to pursue, here’s a sneak peek into the top industries of the future as predicted by industry gurus. So if you have it in you, explore!
This is a field that’s always going to be in demand. After all, money matters! Given the government's Digital India and Smart City initiatives, the demand for skilled professionals in the banking, financial services, insurance (BFSI) and IT and Telecom sectors has risen consistently even as the overall RecruiteX demand index dropped by 8 per cent over the year earlier.
Finance is no longer limited to studying B. Com or CA. With MBA in Finance becoming immensely popular as a subject, we have seen a surge in the demand for small term Finance courses as well.
- Private Equity
- Investment/ Merchant Banking
- Fund Management
- Equity Research & Sales
- Financial Risk Management
- Corporate Banking
- Wealth management
- Retail Banking
- Corporate Finance
Top Companies: Morgan Stanley, JP Morgan Chase, Credit Suisse, UBS, HSBC, RBS, Barclays, Bank of America - Merrill Lynch, Nomura and many more.
Fashion is synonymous with time. We have seen the remarkable evolution of fashion with every passing decade because it is influenced by cultural and social attitudes. Fashion designing has come a long way from the designer clothes worn by the royalty of the ancient world to the haute coutre products of the present.
Fashion designing is one of the most lucrative, appealing, glamorous and exciting career options in today's world. If you have a penchant for creativity, style and originality, a career in fashion designing is the one tailor made for you. On one hand, the fashion industry satisfies both the creative fancies and the materialistic needs of the people. On the other hand, it promises glamour, fame, success and a high pay package to the talented people. The niceties have a flip side too - it is an arduous job with days of hard work and pressure.
- Fashion & Accessory Designer
- Production Management
- Visual Presentation/Styling
- Public Relations
- Fashion Journalist
- Set Designer
Top Companies: Fashion houses owned by famous designers, Top notch garment and textile export houses, Textile and fabric manufacturing units and exclusive and branded fashion showroom.
Travel & Tourism:
Travel and Tourism, one of the world's largest foreign exchange earners among industries, provides employment directly to millions of people worldwide and indirectly through many associated service industries. A very wide industry, it includes Government tourism departments, immigration and customs services, travel agencies, airlines, tour operators, hotels etc. and many associated service industries such as airline catering or laundry services, guides, interpreters, tourism promotion and sales etc. Travel and Tourism enterprises include major internationals with a workforce of thousands, to the small private travel agent with a handful of employees.
In fact, a report published by the Travel and Tourism Council (WTTC) says that tourism in India could add another Rs. 8, 50,000 crores to the GDP by the time we hit end of 2020! India has still not realized its full potential from tourism. Increased globalisation and with Indian economy opening up to the world, travel and tourism in India is getting a great impetus. In addition to that, technology has contributed to the increase of job opportunities in India and abroad immensely.
- Travel Agent/ Entrepreneur
- Tourism Market Manager
- Travel Guide
- Business Development Manager
- Travel Content Writer
- Travel Photographer
Top companies: MakeMyTrip.com, Expedia.com, Yatra.com, Cox & Kings etc.
In the past 5 years or so, India has seen a dramatic change in medical facilities provided. Not only did we see newer, technologically advanced medical equipment gracing the hospitals, but also a surge in the number of hospitals mushrooming up. This with qualified doctors and nursing staff and affordable treatment has made India the preferred destination for in-bound patients lately. Every year, we see patients from the UAE or African countries coming for treatment. Truly, India has become the next medical hub of the future! We can only hope for the better!
Besides an enormous job satisfaction that you get out of helping people get better, the medical sector is both challenging and intriguing. You need to be a swift thinker, quick on your feet and willing to take chances, while following protocol. In whatever capacity, you need to be willing and available at all times. In return, you are subject to many perks – job security & demand, well paying, opportunities abroad, opportunities to study further ahead and advance in your career and constant learning.
- Medical Perfusionist
- Clinical Research Manager
- Medical Product Manager
- Transplant Coordinator
- Radiology/Diagnostic Imaging Director
Top Companies: Fortis Hospitals, Max Hospitals, Park Hospitals, Apollo Hospitals, Rockland Hospitals, Pathology Centres etc.
What is common amongst Mahatma Gandhi, Dr. Rajendra Prasad, Franz Kafka and Abraham Lincoln? They were all lawyers! Law has been, is and will be one of the most popular career choices in India. What with more and more business, real estate, medical etc. fields gaining momentum, the reason for discontent has also increased. Traditionally, law could be easily categorised into Civil and Criminal law. But with time and requirement, there are a whole new set of law specialisations available to the student today, both in the government and private sector.
Bottom line - A law degree not only enables you to practice as a lawyer in the court but also opens up career options in sectors like corporate management, legal services and administrative services.
- Corporate Lawyer
- Patent Attorney
- Matrimonial Lawyer
- Criminal Lawyer
- Cyber Lawyer
- Public Service – IAS, IFS
- Legal Advisor
Top Companies: Law firms like Amarchand Mangaldas, AZB, Luthra & Luthra; Corporate in-house legal departments; Private-sector litigation; PSUs like SEBI, ONGC etc; Legal Process Outsourcing like CPA Global, Clutch Group; IP firms like Anand & Anand, Remfry & Sagar; Research like Lexis Nexis, Manupatra; Chamber practice and many more.
Content is King! With the online medium reaching out to the remotest part of India and with over a billion internet users in India alone, the demand for good content in the online space has grown manifold. These days even students have access to the internet on their hand held devices. Plus with PM Modi’s Digital India campaign, more and more people are being introduced to the World Wide Web! Needless to say, the need for niche, useful and informative content for all mobile and websites have soared the sky!
It is predicted by experts that as marketing becomes education-based and less sales-based, demand for business writers who specialise in blogs, newsletters, website articles, whitepapers, and special reports will also increase.
Be it an e-commerce website or a blog or even search for various information like reviews – be it places, restaurants, hotels or even gadgets require updated and quality content. Even students are searching for courses and colleges online! Not just that, there are numerous courses that are being made available online. Be it travel, films, advertisements, education – good content is the need of the day. What’s best – you don’t necessarily need to be from any particular background to succeed.
- SEO Writing
- SEM & Digital Marketing
- Script & Ad-Copy Writing
- Social Media Writing & Blogging
- Industrial Design
Top Companies: Accenture, Thrillophilia.com, HTCampus.com, Trip Advisor, Blogs etc.
When gas prices skyrocketed at the beginning of the 21st century, the world was in for a shock. They realised that fossil-fuel won’t last us long, if the consumption grew at the rate at which it was growing. So the long term solution was to invest and develop renewable energy to meet with the demand generated by industries, automobiles etc. The renewable energy or alternative energy or green energy as people normally refer to it encompasses solar power, wind power, geothermal energy, biofuels and hydropower, amongst others. With global climate change issues occupying a prominent position in science and technology, industry and international relations, the role of renewable energy, energy conservation and energy management has come into a sharp focus in recent years.
As such, these have created dozens of new careers, from Mechanics and Plant Managers to Scientists, Engineers, and even Sales and Marketing professionals, as these energies have become more mainstream. Those with scientific minds who enjoy research and care about the earth's future are good candidates for a career in alternative energy.
- Social entrepreneurship for human resources
Top Companies: There are various jobs under these government operated organisations - Solar Energy Centre (SEC); Centre for Wind Energy Technology (C-WET); Sardar Swaran Singh National Institute of Renewable Energy (SSS-NIRE); Alternate Hydro Energy Centre (AHEC) and others. In addition, there are international NGO’s and a few private organisations as well.
While there are a host of other excellent career opportunities out there, it is very important to realise where your strengths lie. Every year, more and more jobs are being added to the career market. What do you want to do? Try out every job out there? Or follow what family & friends have to say? Or analyze your skill set and interest and opt for it?
Our only suggestion will be to have passion and a love for the profession you want to pursue. After all, in this competitive world, all that it comes down to is “to each its own” and how well you survive!!