Which cities and sectors in India pay the highest salaries to freshers & professionals?
When it comes to starting a career, one of the most significant factors to consider is the salary package. Fresh graduates and professionals alike want to know which cities and sectors offer the highest compensation for their skills and expertise. In this blog post, we’ll explore the latest data on which cities and sectors in India pay the highest salaries to freshers and professionals.
Freshers’ Salary Trends
According to a recent report by Indeed, Chennai tops the list of cities that pay the highest salary to freshers with 0-2 years of experience. The average monthly salary in Chennai is a whopping ₹30,100. Hyderabad comes in second, with an average monthly salary of ₹28,500, followed by Bengaluru (₹28,400), Ahmedabad (₹27,300), Chandigarh and Delhi (both ₹26,300).
The report highlights that the IT/ITeS sector pays the most to freshers, with an average monthly salary of ₹25,700. Manufacturing is the next highest paying sector, with an average monthly salary of ₹23,400.
Salary Trends for Professionals
For employees with 5-8 years of experience, the picture is slightly different. According to Indeed’s report, Hyderabad, Ahmedabad, Chandigarh, Bengaluru, Chennai, and Delhi offer the highest salaries. The average monthly salary in these cities ranges from ₹43,100 to ₹48,400.
The IT/ITeS sector continues to be the highest paying, with an average monthly salary of ₹46,400. Manufacturing comes in second, with an average monthly salary of ₹43,400.
Sector-wise Salary Trends
The report also provides insights into sector-wise salary trends. Here are some of the highest paying sectors for freshers and professionals:
- IT/ITeS: ₹25,700 (freshers), ₹46,400 (5-8 years of experience)
- Manufacturing: ₹23,400 (freshers), ₹43,400 (5-8 years of experience)
- BFSI (Banking, Financial Services, and Insurance): ₹24,400 (freshers), ₹44,200 (5-8 years of experience)
- Healthcare: ₹22,100 (freshers), ₹42,100 (5-8 years of experience)
Takeaways for Job Seekers
For job seekers, it’s essential to consider these trends when making career decisions. Here are some takeaways to keep in mind:
- Consider cities like Chennai, Hyderabad, and Bengaluru for high-paying jobs, especially in the IT/ITeS sector.
- Manufacturing is another sector that offers competitive salaries, especially for professionals with 5-8 years of experience.
- BFSI and healthcare sectors also offer attractive salary packages, although they may vary depending on the city and role.
- Experience plays a significant role in determining salary. Freshers can expect lower salaries, but with experience, they can move up the salary ladder.
Conclusion
In conclusion, Chennai offers the highest monthly salary to freshers with 0-2 years of experience, followed by Hyderabad, Bengaluru, Ahmedabad, Chandigarh, and Delhi. The IT/ITeS and manufacturing sectors pay the most to freshers, while employees with 5-8 years of experience get paid highest in Hyderabad, Ahmedabad, Chandigarh, Bengaluru, Chennai, and Delhi. By considering these trends, job seekers can make informed decisions about their career choices and negotiate better salaries.
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