Bengaluru highest paying city, IT highest paying industry in India, says report

The renewed demand for professionals with digital skills — cloud, product management, analytics, AI and automation — could be the major factors for the sector’s strong showing this year, the report said.

 

New Delhi:

Professionals from IT industry command the highest salaries, while Bengaluru has retained the tag as the highest paying city in the country, a report said on Thursday.

 

According to Randstad Insights Salary Trends Report 2019, the average annual cost to company (CTC) in Bengaluru for talent across junior level stood at Rs5.27 lakh, Rs16.45 lakh for mid-level and Rs35.45 lakh for senior level. Bengaluru had topped the list in 2017 and 2018 Salary Trends report as well.

 

Hyderabad (Rs5 lakh) and Mumbai (Rs4.59 lakh) took the second and third spot for junior level roles, Mumbai (Rs15.07 lakh) and the National Capital Region (Rs14.5 lakh) for mid-level roles and Mumbai (Rs33.95 lakh) and Pune (Rs32.68 lakh) for senior roles respectively, the report noted.

 

The report also revealed that professionals from IT industry command the highest average annual CTCs at junior level (Rs4.96 lakh) and senior level (Rs35.84 lakh).

 

Digital Marketers emerged as the highest paid functional role for senior professionals, with an average annual CTC of Rs35.65 lakh.

 

The renewed demand for professionals with digital skills — cloud, product management, analytics, AI and automation — could be the major factors for the sector’s strong showing this year, the report said.

 

With demand for GST compliance specialists, accountants, management consultants and lawyers on the rise, professional services sector ranked as the second highest paying sector for junior and senior levels.


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