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Wednesday, February 21, 2007

Salary in Software company in india,bangalore,delhi,mumbai

Salary for a Software professional is rising and so are the demands for skilled pro's. If you are someone aspiring to be a IT professional this blog helps U get some guidance. Email if you want support to build your Career.

This was a topic many were interested so I thought of collecting some facts from some of my known sources & compiled the below list - THIS IS NOT 100% CORRECT - DONT BASE UR DECISIONS ON THIS LIST - i would say that this is very vague & incorrect info.

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This is for Software Engineers with around 2+ to 3+ years of experience working in Some of the top MNC companies listed below
Accenture 2,00,000 to 4,50,000
TCS(Tata Consultancy Services) 3,00,000 to 5,50,000
CST(Cognizant Technology Solutions) 3,50,000 to 6,00,000
HP (Hewlett-packard) 3,00,000 to 4,50,000
Wipro 2,00,000 to 3,50,000
Infosys 2,00,000 to 3,00,000
IBM 2,00,000 to 4,00,000
EMC 2,50,000 to 4,50,000
Symphony Services 2,00,000 to 3,50,000
Adaptec 2,00,000 to 5,00,000
Intel 3,50,000 to 6,00,000
Microsoft 3,00,000 to 5,00,000
CA(Computer Associates)2,00,000 to 4,50,000
Sun Microsystems 3,00,000 to 5,00,000
Dell Software 2,00,000 to 5,00,000
Cisco 3,00,000 to 5,50,000
Tata Elxsi 2,00,000 to 4,50,000

All these companies have storage related products or services & will be hiring storage professionals. This is a very rough estimate & NOT to be considered the real salary structure of these companies - I DO NOT TAKE RESPONSIBILITY OF ANY EVENTS OCCURING DUE TO PUBLISHING THIS INFO - this same info can be found in many forums & blogs.

Guys & Gals - dont ever worry about salary - its always a variable thing - its based on ur previous experience, mainly based on your performance in the interviews, based on your current salary , based on how urgent or important is the hiring in the company , how much value addition u bring to the new job & new company . So stop worrying about Salary & other packages & concentrate on improving your skillset,knowledge & experience.Any of the above listed company may pay low than whats said above or they may pay much much higher than whats mentioned here - its not always easy to say which is the highest salary paying company - as all companies keep increasing their pay packages. Also dont forget that companies may fire or terminate you if you fail in keeping upto their expectations - so rather than worrying about pay packages just focus on excelling in your performance & your present company or the first company whichever it might be that you join - itself may recognise your potential & pay you more than you expect. You can surely have the best & I always wish you the best in your Career - I know u will have a Great Career & its not always because of a Great Salary.

After receiving lots emails about salaries in India, I thought of gathering some more facts from aquintances in indian companies, recruiters and others who have been involved in IT placement sector. This is a very ROUGH estimate & not to be taken as serious data.Indian Salary are based on the concept of CTC ( Cost to Company ) and that makes it very hard to compare offers of any two IT companies. There are companies that include every detail including their contribution to PF(Provident Fund), and other companies that try to be fair by including only the real components that are being given to you.

There seems to be offers which include performance bonus in the overall offer with a clause that it is based on overall performance of the company. MNC's and some companies do not play these games, so you are better off taking their offers as the baseline. I tried to eliminate the performance components in the calculations below. Be wary of some companies that include variable components into CTC.

General Salary Ranges in some software companies are listed below.. [ Most companies fall into this range including Big companies like satyam, infosys, wipro ... ]. Numbers below are estimated CTC in terms of Salary Per Annum in INR(indian rupees) where 1 Lakh is 100,000INR.

Entry Level / Fresh Graduates [ 0 to 2 years ] : 2.5 to 4.8 Lakhs. I have seen this being as high as 6 Lakhs in Bangalore.
Junior Positions [ 1 to 4 years ] : 3.5 to 7 Lakhs
Mid level [ 3 to 6 years ] : 5 to 11 Lakhs
Sr Level [ 6 and Above, Project Manager, Lead etc ] : 9 to 17 Lakhs [ Too much competition for these jobs ]
Leadership [ Delivery, Operations, HR etc. 12+ Years ] : 15 to 25 Lakhs [ Internal candidates get the first preference here. ]
Sr. Leadership [ Operations Head, VP etc ]: 18 to 45 Lakhs
Executive Leadership [ SVP, COO of Biz Unit etc.] : 35 to 70 Lakhs
C Suite of Company [ Country Head, CEO, CFO, CTO ] : Heard of offers ranging from 2 to 7 Crores. This cannot be confirmed, but most recruiters seem to agree with this range.

Now to some spicy cases :

* Entry level offers in 2006 by Microsoft are around 9.5 Lakhs, Google at 12.5 Lakhs, Amazon at 7.5 Lakhs. They are only focusing on top grade schools including the IIT's. Interviews are hard to get through.
* Google, Microsoft, Amazon, Yahoo etc., dont seem to care about the money as long as the candidate is the right fit for their Organization.Some examples I heard of include 25+ Lakhs for testing lead, and around 35+ Lakhs for a Sr. Developer, 78+ Lakhs for a Director.
* MBA's of indian schools like IIM , ISB etc., are starting around 20 Lakhs and going all the way to 1.5 Crores. There were recent examples of 2 MBA grads rejecting a 1 Crore offer to pursue their own enterprise.
* Also companies like Oracle, CSC etc., offering beyond the above grid to attract mid and senior level talent. They have large plans for India and are unable to meet the internal demand.

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