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Bangalore rules the roost in IT salaries: Survey

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CIOL Bureau
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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. These were
some of the findings of the Cyber Media Dice 'Salary Survey' conducted by market
research agency TNS India.


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 Hyderabad &
Secunderabad along with Pune.


For IT professionals, the study noted that 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.


“The 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,” said E.Abraham Mathew, CEO,
CyberMedia Dice.


Loyalty factor
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 an average the tech professionals worked for three companies;
professionals with more than 6 years of experience worked for on an average 4
different companies. Key motivators for leaving current employer or switching
employers were better growth prospects and remuneration.


Fear of backlash
In response to a query on what extent would
anti-outsourcing backlash adversely impact job prospects in IT and/or the ITES
industry in India, 48% 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 Associates, 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.


High on confidence
On difficulties in finding similar employment,
more than half of the respondents (69%) 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.


Overseas beckoning
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% of the
respondents said that they prefer to work here in India as compared to only 28%
of their male counterparts.

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