Which cities and sectors in India pay the highest salaries to freshers & professionals?
In today’s competitive job market, salary is a crucial factor that determines the attractiveness of a job. While experience and skillset play a significant role in determining one’s salary, location and industry also have a substantial impact. In India, the salaries offered to freshers and professionals vary greatly depending on the city and sector. In this blog post, we will explore which cities and sectors in India pay the highest salaries to freshers and professionals.
According to a recent report by Indeed, a popular job search platform, Chennai offers the highest monthly salary to freshers with 0-2 years of experience, with an average monthly salary of ₹30,100. Hyderabad follows closely, with an average monthly salary of ₹28,500, while Bengaluru and Ahmedabad offer average monthly salaries of ₹28,400 and ₹27,300, respectively. Chandigarh and Delhi also feature in the top five, with average monthly salaries of ₹26,300.
For employees with 5-8 years of experience, the picture changes slightly. Hyderabad, Ahmedabad, Chandigarh, Bengaluru, Chennai, and Delhi offer the highest average monthly salaries, ranging from ₹60,000 to ₹80,000. This suggests that experience is not the only factor that determines salary, and that location and industry also play a significant role.
The IT/ITeS and manufacturing sectors are the top two sectors that pay the highest salaries to freshers. This is not surprising, given the high demand for skilled professionals in these sectors. According to a report by the National Association of Software and Service Companies (NASSCOM), the IT sector is expected to continue to grow at a rapid pace, driven by increasing demand for digital transformation and cloud computing. This growth is likely to lead to a higher demand for skilled professionals, which in turn will drive up salaries.
The manufacturing sector, on the other hand, is expected to grow at a slower pace, driven by increased competition from China and other Asian countries. However, this sector still offers attractive salaries to freshers and professionals, particularly in sectors such as pharmaceuticals and automobiles.
Other sectors that offer high salaries to freshers and professionals include the BFSI (banking, financial services, and insurance) sector, the healthcare sector, and the e-commerce sector. These sectors are likely to continue to grow in the coming years, driven by increasing demand for financial services, healthcare, and online shopping.
In terms of cities, the top five cities that offer the highest salaries to freshers and professionals are:
- Chennai: With an average monthly salary of ₹30,100 for freshers and ₹75,000 for professionals with 5-8 years of experience.
- Hyderabad: With an average monthly salary of ₹28,500 for freshers and ₹70,000 for professionals with 5-8 years of experience.
- Bengaluru: With an average monthly salary of ₹28,400 for freshers and ₹65,000 for professionals with 5-8 years of experience.
- Ahmedabad: With an average monthly salary of ₹27,300 for freshers and ₹60,000 for professionals with 5-8 years of experience.
- Chandigarh and Delhi: Both cities offer average monthly salaries of ₹26,300 for freshers and ₹55,000 for professionals with 5-8 years of experience.
In conclusion, while experience and skillset play a significant role in determining one’s salary, location and industry also have a substantial impact. Cities such as Chennai, Hyderabad, Bengaluru, Ahmedabad, and Chandigarh offer the highest salaries to freshers and professionals, while sectors such as IT/ITeS, manufacturing, BFSI, healthcare, and e-commerce are likely to offer attractive salaries in the coming years.
