Child Career Plan

The moment a child is born into a family, parents start dreaming about their child's career path and how they are going to manage the finances. If you also have recently become a parent or are looking for the best high-paying and reputed jobs for your child, then you are at the right place. In this article, we are going to have a quick rundown of some of the highest-paying jobs in India that you can consider for your child.

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It is good to plan when your child is young, to avoid the dilemma that many parents and students find themselves stuck in soon after the child completes school.  Also, when you start planning, that is the time to select and invest in one of the best child education plans to ensure that your child can pursue the desired course without worrying about the fee, and also even if you are not around to support him financially.

Highest Paying Jobs in India 

Everyone wants to earn money and have a safe and secure future. For this reason, parents start finding the highest-paying jobs for their children. However, the salary quotient depends largely on the education qualification, experience, and intellect, and the fee of some of the best courses is skyrocketing. For this reason, child education and insurance plans are designed. And if you want that your child's dreams are not shattered after your untimely demise then you can invest in one of the best LIC policies for children.

Here are some of the jobs that you can consider for your child's prosperous career plan in your future:

  1. Business Management

    One of the highest paying jobs in India is of Business Analysts or Business Management as the annual package roughly ranges between Rs. 20 lakhs and Rs. 30 lakhs even for a fresher. The salary package usually increases with experience, with an MBA from top institutes like IIM, even fresher’s can procure lucrative salary packages. MNC's usually hire MBA students directly from college.

    There are several B-Schools in India that provide MBA Courses but the fees are quite high. Therefore, if you have a child education plan that offers maturity benefits it can help your child pursue the course without any financial constraint. You can choose to need any B-school or college or university where your child can pursue the course.

    Students of Business management courses like IIT and IIM can become CEOs of reputed companies in the future and earn lakhs and crores every year.

  2. Chartered Accountants

    CA is another well-reputed and highest-paying job in India. A Chartered Accountant earns between Rs. 5 lakhs and Rs. 7 lakhs a month. But it requires a lot of hard work and study to clear the CA entrance. Nearly 2 lakh students sit for a CA examination, out of which only 2% with good accountancy and mathematics skills clear the examination.

    If you think your child is good at math and accounts and has an interest in the field of commerce, then this can be a secured career option. However, CA coaching can cost a bit. It does not require any college admission but your child needs to clear different levels of exams that the Institute of Chartered Accountants of India (ICAI) conducts.

    To be eligible to become a CA it only requires 10+2 with a commerce background.

  3. Doctors

    To become a Doctor your child needs to pursue an MBBS course. Undoubtedly, doctors are one of the most paid and reputed professionals across the world. Medical fresher’s salary easily ranges around Rs. 1 lakh a month in the beginning, which keeps on increasing further.

    But the competition for M.B.B.S, MD, or surgeon is quite high. Only a few percentages get to clear it and become a doctor in reputed government and private hospitals. This can be considered if your child is a brilliant science student and not an average student. But the cost of the medical courses can be quite high, it ranges around 1 to 10 lakhs for the basic course right now, and with education inflation, it is going to rise further. Therefore, it makes sense to stay prepared and invest in one of the best child education plans in India.

  4. Actuary

    This is another popular, desirable, and reputed job these days. These professionals predict the financial risk for banks, governments, etc. For this, your child has to be more than excellent in statistics, and math. The job role primary requires immense knowledge in liability management, asset management, along with valuation skills.

    This makes a good career choice in the finance sector as the demand is going to rise by 27% within a decade. Because the number of people that can clear or are trained in this job is less, it is one of the highest paying professions in India.

  5. Digital Architect

    This is a contemporary course that is coupled with technological advancements and is potentially one of the highest-paying jobs in the future. The role of digital architects involves the use of complex software in designing virtual building systems that are used to design complex architectural forms, unlike traditional counterparts.

  6. Lawyer

    If you are looking for a high paying job, then a lawyer is also one of the best high paying professions in India. But your child should have a passion for becoming a lawyer. For an aspiring lawyer, your child will need to pursue an LLB bachelor's degree, and clear the entrance examination after completion of 10+2 education.

    The salary of lawyers is also high; an average lawyer can make 10-12 lakhs per year easily. And those who work for big clients can earn way more than that. Some seasoned lawyers charge Rs. 1 Crore per case as well. To pursue an L.L.B course your child needs to be 12th pass.

  7. Aeronautical Engineer

    Not many people know about it but aerospace engineering is another highest paying profession on the list. Science students can pursue this qualified occupation and take admission in the Universities that are offering Aeronautical engineering courses. Depending on the skillset and the course an aeronautical engineer can easily earn around Rs. 1 lakh to Rs. 3 lakhs a month and some fresher’s are also paid that much.

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It is important to choose the right career for your child. Mentioned above were some of the trusted and reputed highest paying jobs in India. Hope the above-mentioned career choices will help your child choose the right career path. And if you have invested in a child’s future plan it can help fulfill your child's career dreams without any financial constraints. Let your child have the best job choices in hand!

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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