There was a time when the software bubble was growing bigger and bigger quite fast. Then there was the time for downfall and the economic recession took its toll on this outsourcing based software industry and its workers. But still salary of software engineer in India remains to be one of the highest of all available career options. There are certain best paying IT companies in India that pay their employees the best package in the country and most of the experienced and skilled workers crave to join these paymasters. Following is the list of top salary paying software companies in India:
GOOGLE INC : Google Inc. was founded in 1998 by two computer wizards, Larry Page and Sergey Brin in California (US). It is a dream destination for many job seekers. The company tops the chart of ‘India’s Best Companies to Work for’ Study conducted by The Economic Times and Great Place to Work Institute, India. It is considered as one of best pay masters – average total salary for a fresher is around INR 6-8 LPA. It pays 38% higher salaries compared to the other similar companies in the market. Some of the high paying jobs at Google are – Account Manager, Business Analysts, software engineer, network engineer, product manager and research scientist. Detail about Careers at Google.
ACCENTURE : Accenture is a US$ 27.9 billion global management consulting, technology services and outsourcing company, with
employee strength of 2, 57,000 across the globe. It has a high performance business strategy that assists to serve its clients in more than 120 countries. Accenture offers its employees a “Total Rewards” package with high yearly bonuses. The fresh engineer trainee is offered an average salary of INR 2 to 4.5 LPA. Software engineer draws a salary between INR 2.0 to 6.5 LPA, senior software engineer salaries range from INR 4.9 to 8.5 LPA, Software Team Leader between INR 4.7 to 12LPA, SAP consultant between INR 3.5 to 15 LPA, Module Lead between INR 6.5 to 15LPA, and Project Manager between INR 8.5 to 23.0 LPA.
Details about Careers at Accenture.
TATA CONSULTANCY SERVICES (TCS): Tata Consultancy Service Ltd, popularly known as TCS has emerged as India’s Best Company to work for in the Business Today-Indicus Analytics annual survey for 2012. It is part of well known Tata Group and into providing IT services, business and outsourcing solutions. Currently the company has 2, 26, 000 employees spanning 103 nationalities across the globe. TCS provides an aspiration-based career to its workforce. TCS offers competitive pay as per the market standards. The fresher engineer draws a trainee salary to the tune of INR 1.8 – 2.5 LPA. The compensation is regularly benchmarked according to the industry standards.
Details about Careers and working culture at TCS
MICROSOFT INC : It is an American multinational headquartered in Redmond, Washington. It develops, manufactures, licenses and supports a wide range of products and services related to computing. It is one of the world’s largest software maker in terms of revenues as well as world’s most valuable companies. It has earned revenue of approximately US$74billion for March’2012. Microsoft pays the fresh engineering graduates close to INR 4.5 LPA. A senior software engineer gets between INR 5.0 to 15.0 LPA, regional sales manager INR 5 to 24 LPA, program manager draws INR 10 to 21 LPA and INR 4 to 40 LPA for product marketing manager. It is also a matter of prestige to be associated with Microsoft as it is the industry leader in software industry.
Also read Careers and Working culture at Microsoft
IBM CORP. – IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York. It has been present in India since 1992. The solutions and services span all major industries including financial services, healthcare, government, automotive, telecommunications and education, among others. It has a presence in over 200 cities and towns across the country. IBM typically pays its employees 3% above the market rate. The starting salary package for trainee software engineer is around INR 2 to 4 per annum. The average salary figures in INR are as following for each job profile: 5.3 lakh for software engineer, 4.0 lakh for application developer, 4.5 lakh for systems engineer, 6.6 lakh for senior software engineer and 11.5 lakh for project manager. It also offers cash bonus, stock options and profit sharing incentives for higher performance. Details about Careers and work culture at IBM..
INFOSYS LIMITED : Infosys is a Bangalore-based Indian multinational provider of business consulting, technology, engineering and outsourcing services. It has been ranked as one of the most innovative companies in a Forbes Survey. It has reported revenue of $7billion in March 2012. Infosys is known to offer competitive salaries to freshers. For the entry level professionals’ salaries are around INR 3lakhs per annum. Salary for a software engineer is around INR 2.68 to 5.0LPA, senior software engineer around INR 3.5 to 7.5 LPA, technical architect INR 10-27 LPA, business analysts draws INR 3-15 LPA, CRM consultant salary is between INR 2.8 to 23 LPA and user interface designer gets something between INR 5 to 13.5LPA. Other benefits include healthcare, life and medical insurance, paid leave and soft perks such as access to campus facilities like gymnasium etc. Details about Careers and working Culture at Infosys India..
SYMPHONY SERVICES : It is a software product engineering outsourcing services company headquartered in Palo Alto, California with major global operation centers in the US, India and China. It has over 150 clients across the world and more than 1,200 new annual software products releases. In India, it has global delivery centers in Bangalore, Mumbai and Pune. Its Indian operations have around 500 employees in India and an annual turnover of US $ 4 million. Symphony Services pays very lucrative pay packages to its employees, sometimes even 6% higher than the average market rates. The average fresher salary package is around INR 2.8 to 3.6LPA. As the experience increases to 5-8 years, the salary becomes INR 7.5 to 10.0 LPA.
INTEL CORP : Intel Corporation is an American multi-national semiconductor chip maker headquartered in Santa Clara, California. It has earned revenue of US$54 billion through its worldwide operations with more than 1 lakh employees across global locations. Intel offers a wide range of pay, stock and benefit programs. And, our Total Rewards package goes beyond, including things like health and wellness benefits, retirement benefits, paid time off, career development, and more. Intel Corp pays its employees 32% above market. The average starting salary package for a fresher engineering graduate is around INR 5.0 to 7.0 LPA. Senior software engineer gets around INR 4.75 to 16.0 LPA, project leader draws between INR 6 to 19 LPA and technical architect salary is between INR 8 to 47 LPA. The hardware profiles are better paying as compared to software ones.
CISCO SYSTEMS : Cisco Systems is an American multinational corporation headquartered in San Jose, California that designs, manufactures and sells networking equipment. The India headcount is 8700+ including R&D, sales and business support staff. It has 7 office locations in India – New Delhi, Mumbai, Bangalore, Chennai, Pune, Kolkata and Hyderabad. Cisco gives handsome salaries to its employees. For a fresher the salary is around INR 4 to 6 LPA along with additional perks and benefits. A network engineer gets between INR 2.5 to 8.0 LPA, software engineer between INR 2.0 to 5.0 LPA, senior software engineer between INR 4.5 to 16 LPA and project manager somewhere around INR 6 to 17 LPA.
COGNIZANT TECHNOLOGY SERVICES (CTS) : CTS is a US-based provider of information technology, consulting and BPO service. It has posted the current revenues of around $7.34 billion. It has approximately 1, 45,200 employees worldwide. It has more than 815 clients across 5 continents and the industry verticals from Banking & Finance Services, Consumer Goods to Manufacturing & Logistics. In India, it has development offices in Chennai, Coimbatore, Kolkata, Bangalore, Hyderabad, Pune, Mumbai, New Delhi and Cochin. The starting salary for software professionals is around 3lakhs. With 2-4 years of experience the salaries is between INR 4-6lakhs per annum, with 5-8 years of experience the salaries are as high as 8lakhs per annum as and more than 10lakhs per annum with 9 years of experience. The professionals with project management skills command higher packages.