Boring Careers in India which make CRORES

About this video

• Video Title: Boring Careers in India which make CRORES
• Channel: Career with Faazil
• Speakers: Faazil (implied, as the narrator and channel owner)
• Duration: 00:09:36

Overview

This video challenges the conventional advice of "following your passion" for career choices, particularly in India. Instead, it advocates for pursuing careers based on aptitude and market demand, even if they are perceived as "boring." The video highlights several such careers that offer high salaries and job security, providing a stark contrast to the potential struggles of pursuing less lucrative passions.

Key takeaways

• Critique of "Follow Your Passion": The video argues that this advice can be detrimental if one's passions are not marketable or if they lead to financial instability, using the anecdote of "Farhan" as an example.
• Focus on Aptitude and Market Demand: The recommended approach is to identify what you are good at and what the job market needs, even if these areas are not glamorous.
• High-Paying "Boring" Careers: The video identifies and explains several such careers:
  • Actuarial Science: Involves calculating risk for insurance, investment, and banking firms. It requires clearing numerous exams but offers high salaries (up to 80 lakhs for experienced professionals) and global recognition.
  • Data Science (in specific industries): While "cool" data science roles exist, the video suggests focusing on pharmaceutical, insurance, or manufacturing sectors for stability and good pay (15-50 lakhs).
  • Compliance: Ensuring companies adhere to laws and regulations. This field is in high demand due to increasing regulations and offers salaries ranging from 6-10 lakhs for entry-level to 40-60 lakhs for senior roles.
  • Supply Chain Management: Crucial for e-commerce and logistics, involving optimization of warehousing, delivery, and costs. Salaries range from 6-10 lakhs for analysts to 25-40 lakhs or more for managers and directors.
  • Internal Audit: Checking if companies follow their own rules and regulations. This role offers job security and good pay (5-10 lakhs for entry-level to over 75 lakhs for heads of audit), with opportunities for graduates and those with certifications.
• Financial Freedom: These "boring" yet lucrative careers provide the freedom to pursue personal passions without immediate financial pressure, take calculated risks, and maintain work-life balance.