Bangalore Is Highest Paying City: Report
Hyderabad and Mumbai take second and third spot for junior level roles, Mumbai and the National Capital Region for mid-level roles and Mumbai and Pune for senior roles respectively.
Photo Credit : Deepak G Pawar,
The IT capital of India, Bangalore, continues to lead the pack as the highest paying city in the country, with the highest average annual CTC for talent across junior (Rs 5.27 lakhs), mid (Rs 16.45 lakh) and senior (Rs 35.45 lakh) levels, according to the Randstad Insights Salary Trends Report 2019. Bangalore topped the list in the 2017 & 2018 Salary Trends report as well.
Hyderabad (Rs 5 lakhs) & Mumbai (Rs 4.59 lakhs) take second and third spot for junior level roles, Mumbai (Rs 15.07 lakh) & the National Capital Region (Rs 14.5 lakh) for mid-level roles and Mumbai (Rs 33.95 lakh) & Pune (Rs 32.68 lakh) for senior roles respectively.
Randstad Insights' report also reveals that professionals from the IT industry command the highest salaries - the sector stands first for highest average annual CTCs paid at the Junior (Rs 4.96 lakh) and Senior (Rs 35.84 lakh). The renewed demand for professionals with Digital skills - Cloud, Product Management, Analytics, AI & Automation - could be the major factors for the sector's strong showing this year. With the demand for GST compliance specialists, accountants, management consultants and lawyers on the rise, the Professional Services sector ranked as the second-highest paying sector for junior and senior levels, while topping the salaries for mid-level (Rs 15.3 lakh) professionals.
From a functional role standpoint, professionals in the Strategy & Consulting domain command the highest salaries for junior (Rs 6.90 lakh) and mid-level (Rs 15.32 lakh) roles. Digital Marketers emerge as the highest paid functional role for senior professionals with an average annual CTC of Rs 35.65 lakh.
The 'Hot Jobs for 2019' - showcases roles in strong demand in the current job market, across industries, where talent in 6-10 year experience bracket are paid relatively higher remuneration (as much as 1.5 times higher) when compared to other professionals in the same salary range. Compliance Specialists top the chart with an average annual CTC at Rs 31.09 lakh, followed by Python Specialists with a CTC of Rs 20.24 lakh, Hadoop Specialists at Rs 19.01 lakhs and Specialist Doctors with a CTC of Rs 18.01 lakh.
Presenting the details of the report, Paul Dupuis, MD & CEO, Randstad India said, "Against the backdrop of the current economic growth scenario, this report comes as an eye opener for both companies and professionals on building their talent pools and competencies. A period of stasis is the best time to push pause, reset the priorities and build towards future proofing of the organization. Talent with the 'right-fit' skills commands a significant premium over their peers and companies are not constrained by bell curves and averages when it comes to the salary structure for professionals with in-demand skills; evidenced by the findings of this report".
"The Randstad Insights Salary Trends Report 2019 that compiles the prevalent salary trends and roles that are in demand is the perfect barometer that can used to plan for the day after tomorrow", he added.
Randstad Insights Salary Trends Report 2019 analyzed 1,00,000 jobs across 15 industry verticals and functions, spread across 8 major cities.