Which cities and sectors in India pay the highest salaries to freshers & professionals?
In the competitive job market of India, salary is one of the most significant factors that attract and retain top talent. While experience and qualifications play a crucial role in determining salary, location and industry also have a significant impact. In this post, we will explore the cities and sectors in India that pay the highest salaries to freshers and professionals.
According to a recent report by Indeed, Chennai emerges as the city that offers the highest monthly salary to freshers with 0-2 years of experience, with an average salary of ₹30,100. Hyderabad follows closely, with an average salary of ₹28,500, while Bengaluru and Ahmedabad come in third and fourth, with average salaries of ₹28,400 and ₹27,300, respectively. Chandigarh and Delhi tie for the fifth spot, with average salaries of ₹26,300.
For professionals with 5-8 years of experience, the picture changes slightly. Hyderabad, Ahmedabad, Chandigarh, Bengaluru, Chennai, and Delhi emerge as the top cities in terms of average salary, with figures ranging from ₹50,000 to ₹70,000 per month.
But what about the sectors that offer the highest salaries to freshers and professionals? According to the same report, IT/ITeS and manufacturing sectors pay the most to freshers. In fact, the top 5 sectors in terms of average salary for freshers are IT/ITeS (₹28,400), manufacturing (₹27,300), e-commerce (₹26,900), finance (₹26,400), and healthcare (₹25,600).
For professionals with 5-8 years of experience, the top 5 sectors in terms of average salary are IT/ITeS (₹70,000), finance (₹65,000), manufacturing (₹60,000), e-commerce (₹58,000), and healthcare (₹55,000).
But why do these sectors and cities offer higher salaries? There are several reasons, including the demand for skilled professionals, the cost of living in these cities, and the level of competition.
For example, the IT/ITeS sector is one of the most in-demand sectors in India, with many multinational companies setting up shop in cities like Bengaluru, Hyderabad, and Chennai. As a result, companies are willing to pay top dollar to attract and retain the best talent.
Similarly, manufacturing companies in cities like Ahmedabad and Delhi are looking for skilled professionals to work on complex projects, which drives up salaries.
Cities like Chennai and Hyderabad also have a lower cost of living compared to cities like Mumbai and Delhi, which means that companies can offer higher salaries to attract and retain talent.
In conclusion, Chennai offers the highest monthly salary to freshers with 0-2 years of experience, while Hyderabad, Ahmedabad, Chandigarh, Bengaluru, and Delhi follow closely. For professionals with 5-8 years of experience, Hyderabad, Ahmedabad, Chandigarh, Bengaluru, Chennai, and Delhi offer the highest salaries. IT/ITeS and manufacturing sectors pay the most to freshers, while IT/ITeS, finance, manufacturing, e-commerce, and healthcare sectors pay the most to professionals with 5-8 years of experience.
