Bangalore is top IT professional earning destination 3085
On Mon, 27 Feb 2006, Old Pif LOL. ARS has been brainwashed(?) by the "herd mentality" (maybe?), and helping DJ...
By K.G.Vasuki, Bangalore: Bangalore followed by the twin cities of Hyderabad and Secunderabad lead the way in attracting IT professionals with good pay packets.
Interestingly, Gurgaon and Delhi trail behind Mumbai and Pune.
This is indeed depressing. I think the problem stems from the fact that, our economy depends heavily on new technologies, high-value...
These were some of the findings of the Cyber Media Dice 'Salary Survey' conducted by market research agency TNS India.
Feb. 27 (Bloomberg) -- India's government may say it plans to increase spending on roads, ports and electricity to improve infrastructure and accelerate economic growth. Total...
The survey studied the average salaries of IT professionals across regions and sectors and also looked at trends in job opportunities and sentiments about impact due to the anti-outsourcing backlash.
The survey was conducted online among more than three thousand IT professionals who are registered with www.CyberMediaDice.com across 15 cities in India.
The average cost to company (CTC) for Bangalore stood at Rs six lakh per annum - the highest in the country, followed by Rs 4.7 lakh in the twin cities of Hyderabad & Secunderabad along with Pune.
The study also noted that, for IT professionals, a management background may not hold good against post-graduation with technical background when it comes to earning the big bucks. An engineer armed with a technical masters degree garners annual average CTC of Rs 8.62 lakh per annum while an MBA candidate's CTC stands at Rs 6.33 lakh per year.
For the Indian IT professional, the booming Indian telecom industry seems like a more attractive option compared to the Indian IT industry, with the average CTC being 6.2 lakhs and 5.0 lakhs respectively. Highest compensation for IT professionals can be found in the telecommunications sector, followed by IT and then banking, finance and insurance.
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ãThe very encouraging results of the TNS-CyberMedia Dice salary survey underscore the fact that the IT industry is truly maturing in India. It is heartening to note that Indian MNC software companies are as attractive to prospective employees as non-Indian MNCs,ä said E.Abraham Mathew, CEO, CyberMedia Dice.
Uncertainty still looms at large when asked about the number of years they wish to spend with their current company, as more than half of the respondents were not sure about their stint with current employer in the future. Less than ten percent want to continue for more than three years.
On Tue, 28 Feb 2006, Gill Bentry To the extent that the main stream and all the branches feed into a rapid increase in the value-capital of that business process-function. Or, in other...
On an average the tech professionals worked for three companies; professionals with more than 6 years of experience worked for on an average four different companies. Key motivators for leaving current employer or switching employers were better growth prospects and remuneration.
When asked, as to what extent would anti-outsourcing backlash adversely impact job prospects in IT and-or the ITES industry in India, 48 percent of the respondents admitted that it could have some adverse impact while 35 percent felt that the backlash had no impact. Respondents in the lower income group were more apprehensive about the impact of the anti-outsourcing backlash.
Interestingly it was noted that with the increase in the number of year of experience, the fear of impact was reduced across experience levels. People with specialty skills like Cisco Network buttociates, Project Managers, Microsoft certified professionals, Sun Java programmers felt that there would no impact on their jobs keeping in mind the anti-outsourcing backlash.
'While there may have been some level apprehensions expressed about the impact of the global anti-outsourcing backlash, the Indian IT professionals are less concerned about job security per se' said A.Karimpanal, Vice President, TNS India.
On difficulties in finding similar employment, more than half of the respondents (68 plus 1 percent) were confident about getting one and the opinion was similar across regions. Those respondents with an annual CTC between Rs 6 -12 lakh expressed highest confidence levels about getting similar jobs.
Newcomers and experienced professionals were slightly more apprehensive about job opportunities.
In spite of India buzzing with opportunities and most IT professionals seem to believe so, two thirds of the respondents 'would consider' or were 'actively exploring' overseas job opportunities. Those with more than 11 years of experience were among the highest number of professionals who were currently not exploring overseas jobs.
Another fact that has emerged from this survey is that when women tech professionals were quizzed about exploring job opportunities aboard, 44 percent of the respondents said that they prefer to work here in India as compared to only 28 percent of their male counterparts.
India sets its sights on Europe
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