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. Fresh graduates and professionals alike want to know which cities and sectors offer the highest pay packages to ensure a comfortable and secure financial future. In this blog post, we’ll explore the cities and sectors in India that pay the highest salaries to freshers and professionals.
According to a recent report by Indeed, Chennai takes the top spot in terms of monthly salary for freshers with 0-2 years of experience, with an average monthly salary of ₹30,100. Hyderabad comes in second with an average monthly salary of ₹28,500, followed by Bengaluru with ₹28,400. Ahmedabad, Chandigarh, and Delhi all share the fourth spot with an average monthly salary of ₹26,300.
For employees with 5-8 years of experience, the highest paying cities are Hyderabad, Ahmedabad, Chandigarh, Bengaluru, Chennai, and Delhi, with average monthly salaries ranging from ₹75,000 to ₹1.2 lakh.
But what about the sectors that pay the most to freshers? According to the same report, IT/ITeS and manufacturing are the top-paying sectors for freshers. IT/ITeS companies are known for offering high salaries to fresh graduates, with an average monthly salary of ₹35,000. Manufacturing companies also offer competitive salaries, with an average monthly salary of ₹28,000.
The report also highlights the cities that offer the highest salaries to professionals with 5-8 years of experience. Hyderabad stands out as the top-paying city, with an average monthly salary of ₹1.2 lakh. Ahmedabad and Chandigarh follow closely, with average monthly salaries of ₹1.1 lakh and ₹1 lakh, respectively. Bengaluru, Chennai, and Delhi all offer average monthly salaries ranging from ₹90,000 to ₹1 lakh.
So, what drives the high salaries in these cities and sectors? Several factors contribute to the high pay packages, including:
- Talent demand: Cities like Hyderabad, Bengaluru, and Chennai are hubs for the IT and ITeS industries, which require a large pool of skilled and qualified professionals. This high demand for talent drives up salaries to attract and retain the best talent.
- Economic growth: Cities like Ahmedabad and Chandigarh are experiencing rapid economic growth, driven by industries such as manufacturing and finance. This growth leads to an increase in job opportunities and salaries.
- Cost of living: Cities like Hyderabad and Bengaluru have a relatively low cost of living, which means that companies can offer higher salaries to attract and retain employees.
- Government policies: The Indian government has implemented policies to boost entrepreneurship and economic growth, such as the Startup India initiative. This has led to an increase in job opportunities and salaries in certain sectors.
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 also offer the highest salaries to freshers. For professionals with 5-8 years of experience, the highest paying cities are Hyderabad, Ahmedabad, Chandigarh, Bengaluru, Chennai, and Delhi. When considering a career in India, it’s essential to consider these factors to ensure a comfortable and secure financial future.
