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I'm not comparing pure talent based self employed work like art/music or other items that stem from social media.
Data/Product based jobs for CS people gets easy 20LPA+ start where kids have multiple offers to chose from, always.
Any grad + MBA (top 15 colleges) easily results into 20LPA+
Chartered Accountants in their T1 profiles also make 25 LPA+
For law, 500 kids every year get 15/16 and that's it.
If we compare the top 500/100 kids in the above professions, they make 40+LPA/50+LPA at age 23/24.
By age 27, they're rolling into 1 CR+ with esops and offers from abroad.
CAs with soft skills and good articleships give top finance MBAs a run for their money.
Big banks and Corporates see groomed CAs at par with top MBA finance grads (I.e. 25 LPA+)
All top MBA grads would line up to get recruited in MBB consulting firms and even MBB give 21 LPA package to their newly recruits and in hand is around 19 only.
Law grads after 4/3 years start making around 30 LPA. Also, look at the favourable taxation system. Even if you make 30 LPA, your in-hand will be more than people making 35
Please don't state associates straight out of law school add little value, the same is true for consultants and other such profession. In their case at least training and mentoring is standard practice, this is something that is almost completely absent and even looked down upon in the legal sphere.
So their income is certainly high and can compete with the salary of CEOs of tech giants. It's just that these CEO's also most of the time have equity in the corporation. So their main income source is that. But yes, if you stick to it I can say that in corporate law for sure you will make as much as people from other professions. (Maybe there exist some exceptions.)
Could have given you a more detailed ans but my 10th boards are starting from tomorrow so I am pondering over whether I should start studying or not.
With respect to the working hours - yes. In fact corporate lawyers make lesser per hour than lawyers in well-paying research centres or think tanks (which pay ~8 LPA) given the sheer hours of work, requirement to be available at all times, anxiety etc. It is only that the pay increases manifold with experience - but the stress and requirement to be available never reduces