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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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