Skills such as Artificial Intelligence (AI), Machine Learning (ML), Robotics, Data Science, Blockchain, Fullstack web development, and Cyber Security are in great demand, and major IT companies like Microsoft, Meta, Google, and Netflix are willing to pay a 300% raise to graduates who complete these courses.
Now, before directly jumping on to the details, let’s explore some of the top career paths available in 2024.
Here is a video that will explain you about these top technologies
Artificial Intelligence
After seeing successful technologies like ChatGPT, Bard, & self-driving cars. Artificial intelligence (AI) has generated a lot of noise. Artificial intelligence is one of the new trends that have been prevailing in the IT industry for the last 5 years. Artificial Intelligence is used in image & speech recognition, Google Maps, ride-sharing apps like Uber, and many more
It is expected that AI would have a market cap of around 190 billion dollars. AI offers some of the highest incomes available today, ranging from over $1,25,000 per year (machine learning engineer) to $145,000 per year (AI architect).
Data Science
Data science is one of the hottest technologies in the 21st century. It uses Advanced analytics methods and scientific principles to extract important information from data for corporate decisions, strategic planning, and other purposes. Data science creates predictive models using sophisticated machine learning algorithms. It employs a variety of statistical techniques. These methods include machine learning modeling, statistical operations, data transformations, and data modeling. By 2026, the data science market is projected to reach a value of USD 322.9 billion, up from USD 95.3.9 billion in 2021. The average salary of the data scientist is around
10 LPA to 26 LPA based on experience, employer & location. so this makes it one of the top 10 technologies to learn in 2024.
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Cloud Computing
In the past ten years, cloud computing has experienced one of the fastest growth rates of any technology. Everyday use of this technology is widespread, involving both businesses and individuals. This has led to the establishment of a large number of new jobs in this industry, with a variety of job roles available. A cloud engineer holds one of the most lucrative positions available in an organization.
Qualifications for becoming a cloud Engineer.
- Extensive familiarity with the architecture of cloud applications.
- Understanding of Amazon Web Services (AWS) or Microsoft Azure or you can go with GCP.
A cloud engineer helps a business create its cloud architecture, define its cloud strategy, and plan for its deployment. A cloud Engineer typically earns $107,000 a year in the US and Rs 21 lakhs per annum in India.
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DevOps
Emerging technologies are flourishing within the field of software development. Technology like DevOps is consistently demonstrating its importance among a wide range of technologies. Everyone has understood since DevOps built conception that it conquers a special potential and will alter business development. DevOps has become recognized as a crucial development methodology during the epidemic.
In fact, the survey predicted that the DevOps market would expand at a CAGR of 24.7% from 2019 to 2026 and reach a size of $20.01 billion. It is so abundantly obvious that the contribution of DevOps to digital transformation will result in radical transformations across numerous industries.
The average income for a DevOps Engineer ranges from 4.2 to 9 lakhs, with an average base pay of 7 lakhs, according to Glassdoor and Ambitionbox. The average salary of a software architect in India and the US is Rs 6.1 lacs and $135000 per annum respectively.
UI/UX
UI/UX is one of the most in demand technologies in the 21st century. Ui stands for user interface & UX stands for user experience. These days industries are focusing on designs that are more user-centered and have an easy navigation interface.
UI/UX designers are primarily concerned with the customers’ interaction with products. UI designers focus on making that interaction possible, and UX designers focus on making that interaction pleasant for the customers. UI and UX designers usually work in close collaboration with product designers and even clients during the initial stage of the design process.
The average salary of UI/UX designers is around 5.5 LPA and 15 LPA. so this can be one of the top 10 technologies to learn in the 21st century.
Cybersecurity
After the covid pandemic, the world switched towards the remote way of working. But, with it, the possibility of cyber threats has increased significantly because people get access to the company infrastructure without much room for data or network security. Hence, in this era of digitalization, cybersecurity has become the most crucial aspect for businesses running online, to fight against the gamut of cyber criminals. Companies are always on the lookout for Cyber Security experts. According to the job openings listed on LinkedIn, there are 4000 cyber security positions available in India and 77000+ job openings are available in the USA.
The average annual salary of a Cyber Security professional in India is around ₹717,800 according to PayScale. ZipRecruiter records an average annual salary of about US$111,000 in the US for Cyber Security Specialists.
Full Stack Web Development
Full-stack web development is an evergreen technology. Even in 2024, it is still in great demand. Business organizations & startups need full-stack web developers to manage their websites. The main duties of a full-stack developer are developing and constructing APIs, making sure that applications adhere to performance and quality requirements, and implementing data security. In India, a Full-Stack Developer makes an average yearly pay of Rs. 7 lakhs, and in the US around 120,000$.
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Salesforce
Nobody should have any doubts about the fact that Salesforce is the best customer relationship management (CRM) tool available. According to Forbes, Salesforce now holds a market share of more than 19% in the CRM industry. The online business journal also disclosed that Salesforce increased its revenue by over 23% in 2018, outpacing competing for CRM solutions.
The demand for Salesforce as a CRM has increased manifolds in this decade leading to a similar rise in the demand for Salesforce Professionals.
Let us discuss the salary of Salesforce Admin professionals. Now for the sake of simplicity, we will split the salary range based on experience level and skill acquired. The 3 categories are Entry level, mid-level, and senior.
- The pay scale for entry-level is between Rs. 3,00,000 to 3,15,000.
- Mid-level experts receive an average salary of Rs. 8,00,000 to 8,20,000, however, this might vary depending on several circumstances.
- The Salesforce Senior Administrator makes between Rs. 14,50,000 and Rs. 17,50,000 while serving as the team’s leader.
The highly sought-after Salesforce Developer profile has once again been placed among the top 10 best-paying technical professions in the world. The annual salary range for a Salesforce Developer in India is between Rs. 5,00,000 and Rs. 25,00,000. This approximate number can differ from person to person. The compensation of a Salesforce Developer is determined by several criteria, including geography and experience, just like that of a Salesforce Administrator.
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Product Management
Product management is the function in an organization responsible for the overall success of a product. It plays an extremely important role in business—and it’s undoubtedly one of the most rewarding career paths in tech today. The skills required to become a product manager are as follows :
- A passion for data, excellent analytical abilities, and a thorough comprehension of the most important performance measures
- Compassion and a user-first perspective
- knowledge of the design process and user experience (UX) principles
- familiarity with business & how technical teams are required.
- Excellent interpersonal, teamwork, and presenting skills
The average salary of a product Manager varies from 68,000$ to 170,000$. So this can be one of the top 10 technologies to learn in 2024.
Also, check our blog on 25 Latest Technologies in Computer Science in 2024
Business Analytics
Business analytics is a subset of business intelligence and a data management solution that focuses on the use of methodologies like data mining, predictive analytics, and statistical analysis to analyze data, turn it into information, spot trends, predict outcomes, and ultimately make better data-driven business decisions.
Business analysts are required to determine what is technically and financially possible for a firm. Businesses and companies are increasingly in need of business analysts. Additionally, a lot of businesses are willing to compensate analysts well, specially trained experts.
For new hires, the typical annual compensation for a business analyst is $70,660. You must be well-versed in the fundamental business framework, procedures, and technology at this level.
For seasoned workers, the average annual income for a business analyst is $83,008. You should be able to assess and quantify business frameworks at this level, as well as how they affect an organization and its clients.
Conclusion
We have now made you aware of the top career paths and discussed them in detail. Hope we helped you to make a wise choice. Now that you already know about the top ten career paths you can go for, what are you waiting for? It’s time to decide your future job role and get into its depth.
Please let us know if there is any technology that we skipped or if you want to learn more about any technology. Keep studying and improving till then and happy learning.