Monday, February 27, 2006

Bangalore Rules the Roost in IT Salaries

Bangalore Rules the Roost in IT Salaries
The TNS-CyberMedia Dice survey, among IT professionals, also points out that an advanced technical degree translates into better remuneration

Business Wire India

Bangalore followed by the twin cities of Hyderabad and Secunderabad lead the way in attracting IT professionals with good pay packets. Interestingly, Gurgaon and Delhi trail behind Mumbai and Pune. These were some of the findings of the Cyber Media Dice ‘Salary Survey’ conducted by market research agency TNS India.

The survey studied the average salaries of IT professionals across regions and sectors and also looked at trends in job opportunities and sentiments about impact due to the anti-outsourcing backlash. The survey was conducted online among more than three thousand IT professionals who are registered with across 15 cities in India.

The average cost to company (CTC) for Bangalore stood at Rs six lakh per annum - the highest in the country, followed by Rs 4.7 lakh in the twin cities of Hyderabad & Secunderabad along with Pune. The study also noted that, for IT professionals, a management background may not hold good against post-graduation with technical background when it comes to earning the big bucks. An engineer armed with a technical masters degree garners annual average CTC of Rs 8.62 lakh per annum while an MBA candidate’s CTC stands at Rs 6.33 lakh per year. For the Indian IT professional, the booming Indian telecom industry seems like a more attractive option compared to the Indian IT industry, with the average CTC being 6.2 lakhs and 5.0 lakhs respectively. Highest compensation for IT professionals can be found in the telecommunications sector, followed by IT and then banking, finance and insurance.

“The very encouraging results of the TNS-CyberMedia Dice salary survey underscore the fact that the IT industry is truly maturing in India. It is heartening to note that Indian MNC software companies are as attractive to prospective employees as non-Indian MNCs,” said E.Abraham Mathew, CEO, CyberMedia Dice.


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