Hot jobs: Here’s what you can earn across tech roles in banking, finance, insurance & consulting

• Digitization transformed every business, and every business is integrating technology into its operations.
  
  
• Non-tech industries are hiring tech talent to support this transformation and remain relevant.
  
  
• Business Insider has listed opportunities and salaries available for tech experts in banking, fintech, insurance and consulting sectors.

It’s not just tech companies, even non-tech sectors are stepping up their game, as automation becomes all-pervasive. So much so, they are competing with the tech sector in terms of hiring.

As per a TeamLease report, over a million or around 11.15 lakh tech jobs will be created by non-tech sectors like BFSI and consulting; communication media and technology; retail and consumer business; life sciences and healthcare; engineering research and development (ER&D); and energy and resources; by FY27-28.

Parallel to these widening opportunities, the recent trend of massive layoffs in several big technology companies has encouraged tech personnel to move from niche tech industries to non-tech sectors. For such professionals, here are the opportunities and remunerations analyzed across banking, finance, insurance and consulting sectors for tech roles.

Overview of trending tech job roles and salaries in the non-tech industry


Source: TeamLease

The highly in-demand job positions for tech professionals in the BFSI sector are business/data analysts who are drawing impressive salaries starting from ₹8.5 lakh at the entry level. There is a significant increase in salaries in the mid-level and senior level seen around ₹12 lakh and ₹25 lakh respectively.

Data engineers and DotNet developers draw around ₹7.5 lakh in the entry level. In the mid-level and senior levels, data engineers are in an advantageous position drawing around ₹17.5 lakh and ₹33 lakh. DotNet developers in mid and senior roles draw around ₹14 lakh and ₹21 lakh respectively.

A solutions architect can expect to get around ₹8 lakh at the entry level, ₹17 lakh at the mid-level and ₹31 lakh at the senior level.

RPA developers are the next highly paid professionals in these sectors with a payout of around ₹6 lakh, ₹9 lakh and ₹17 lakh at the entry, mid and senior levels respectively.

Blockchain developers at the entry level are paid around ₹5 lakh while those in the mid-level and senior levels may expect to get around ₹8.5 lakh and ₹20 lakh.

Cyber security analysts in the entry level draw around ₹5 lakh while those in the mid-level are paid around ₹10 lakh and those in senior levels are getting around ₹19 lakh. Technical lead positions can fetch around ₹5 lakh at the entry level, ₹11 lakh at the mid-level and ₹20 lakh at the senior levels.

There is an evident disproportionality in salaries for different categories of tech professionals in the non-tech sectors. Nevertheless, most of these figures weigh on the higher side when compared to the salaries for similar roles in the tech sectors.