Boring Careers in India which make CRORES

Summary

Farhan, a 19-year-old, chases the Instagram mantra “follow your passion,” moves to Mumbai to act, and after five years of rejections ends up with no degree, no skills, and a dead-end job. Fasil uses his story to argue that passion alone is risky and instead recommends marketable, stable careers: actuarial science, data science in core industries, compliance, supply chain, and internal audit. He highlights realistic salaries, the required effort (exams, technical skills, or certifications), and the trade-off between glamour and security. These boring-but-lucrative paths buy freedom—financial stability that lets you pursue true passions without fear.

Takeaways

• 😀 Passion isn't always the best career advice—doing what you're good at and what has market demand is often more important.
• 😀 Farhan's story illustrates the dangers of following passion blindly without considering skills, experience, and market demand.
• 😀 Actuarial science is a high-paying and globally recognized career, but it requires years of exams and hard work to achieve full qualification.
• 😀 Data science roles in industries like pharma, FMCG, and finance can be more stable and rewarding than startup-focused tech roles.
• 😀 Compliance officers play a crucial role in ensuring companies follow regulations, and this role has high demand due to increasing regulatory pressure.
• 😀 Supply chain management is a growing and lucrative field in India, offering stability and the satisfaction of optimizing operations in e-commerce.
• 😀 Internal audit roles provide job security and high salaries while helping companies maintain compliance with their own policies.
• 😀 'Boring' careers in finance, tech, and compliance often pay much better than glamorous startup roles and offer more job stability.
• 😀 Choosing a career that aligns with your skills and the market demand allows for more freedom, less financial stress, and greater work-life balance.
• 😀 A well-paid career doesn't have to be exciting or glamorous; it's about finding the right fit for long-term financial success and personal freedom.

Q & A

What is the main advice given to Farhan in the video?

Farhan is initially told to 'follow your passion' and do what excites him, which leads to him pursuing a career in acting despite lacking the necessary skills. However, the key advice provided later is to focus on what you're good at and pursue careers in fields that are in high demand, even if they are considered boring or less glamorous.

Why does Farhan fail in his pursuit of acting?

Farhan fails because he lacks the acting skills needed to succeed in a competitive industry. Despite his passion for acting, he is rejected from auditions over a period of five years and realizes that simply following his passion without the required skills or qualifications was a mistake.

What is the main argument against 'follow your passion' advice in the video?

The video argues that the 'follow your passion' advice can be misleading, especially in the context of the current economy. It suggests that blindly pursuing your passion without considering your skills or the demand for that passion in the job market could lead to failure and financial instability.

What is actuarial science, and why is it a good career choice according to the video?

Actuarial science involves calculating risk, often for insurance companies, investment firms, and banks. It is considered a good career choice because it offers high pay (starting at 6-8 lakhs and potentially reaching 80 lakhs with experience), global recognition, and job security, though it requires passing 15 exams over several years.

What is the role of data scientists in industries other than tech, and why are these jobs overlooked?

Data scientists in industries like pharmaceuticals, insurance, and manufacturing analyze data to make decisions such as detecting fraud or analyzing drug test results. These roles are often overlooked because they are considered less glamorous compared to tech startups, even though they offer stability, good pay, and job security.

How does a career in compliance offer job security?

Compliance officers ensure that companies follow legal regulations. Their job becomes even more important after corporate scandals, making the demand for compliance officers rise. Since companies in regulated industries are legally required to have compliance teams, these jobs offer long-term job security.

What is the role of a supply chain manager, and why is this career significant?

Supply chain managers oversee the logistics and planning of how products are delivered to customers, managing everything from warehouse locations to delivery routes. While not considered glamorous, this career is crucial for the success of e-commerce businesses, and with experience, it offers good pay and significant job stability.

What skills are needed to pursue a career in internal auditing?

A career in internal auditing requires attention to detail, the ability to investigate and ask probing questions, and strong analytical skills. While a CA qualification isn't mandatory, an MBA or professional certifications like CIA are helpful. Internal auditors check if companies are following their own rules and identify areas where processes can be improved.

How do boring careers offer freedom, according to the video?

The video suggests that boring careers, while not glamorous, provide financial freedom. With stable and high-paying jobs, individuals are not under the pressure to immediately monetize their passions, and they have the flexibility to pursue personal interests without worrying about job security or financial instability.

What industries are looking for data scientists, and why is this significant?

Industries like pharmaceuticals, FMCG, and manufacturing are in need of skilled data scientists to analyze data for various purposes such as fraud detection or improving business operations. The significance lies in the fact that these industries often pay well and offer job security, but many data science graduates overlook them in favor of the tech industry.