Looking to get a dream job in IT ?
Certificate in Advanced MS Excel
Coupon code: ADVANCEXL | Offer price: 3840/-
Home > Blogs > IT engineer salary in India in 2020 – What to expect for Freshers?
IT engineers are the backbone of any company in this digital world. Nowadays, organizations are enhancing their information technology deployment in order to address the challenges posed by the global pandemic crisis and realized the uninterrupted business process. That means the significance of IT engineers are growing vis-à-vis the digital transformation in operations and services.
Salary for IT engineers
As one of the crucial members in the modern workplace, the demand for IT engineers remains constant for years. Hence, the salary is growing year-on-year and different for each field in the sector. The compound annual growth rat (CAGR) between 2014 and 2019 was 4.3%.
According to the job posting site Indeed[i], the average salary for a software engineer in India is ₹3,88,869 per year, though this varies based on cities. While the average salary in Bengaluru is ₹5,25,549 – the highest – in Chennai, it is ₹3,81,202 – the lowest among the IT hubs including Mumbai, Pune and Hyderabad.
As the year of experience grows, the salary also goes up. Within five years, the average salary goes up between ₹5.5 lakh per annum to ₹9 lakh per annum and in the tenth year, it is between ₹9 lakh to ₹16 lakh[ii]. The IT sector also promises a performance-based career progression with high salary. The managers draw the highest salary in the IT industry.
Salary for talents with new skills
However, the emergence of new technologies like artificial intelligence, machine learning, data science, cloud computing, cybersecurity, internet of things (IoT), robotics and others, has impacted the demand especially for the specialists in these fields. The intensified digital transformation across sectors by leveraging automation and artificial intelligence in operations and services make a vacuum for the candidates with expertise in these areas.
As per the study of Zinnov, consulting firm, the freshers with niche skills such as cloud computing, network and cybersecurity, data science and AI-ML receive 65% more salary than freshers with mainstream skills. The highest salary among them is for AI-ML talents – average ₹15 lakh per annum.[iii] This has been one of the most-demanded skill for the last couple of years.
On one hand, the companies are self-evaluating their current skill sets at various roles and thus, creating a skill-rich organization, on the other hand, the deployment of AI-ML and automation process has also fast-tracked across sectors. The COVID-19 crisis and subsequent remote working with digital solutions have accelerated the digital transformation move.
Despite the crisis, the IT industry has not stopped hiring freshers. They do remote onboarding with a complete orientation to settle in a role through real-time monitoring of their staff. The demand for the freshers with hand-on skills in the emerging technology in the post-Covid period is going to see a surge.
Manipal ProLearn, one of the leading institutions in the emerging technologies, offers a host of courses in different domains to prepare industry-ready candidates. The comprehensive programs led by experts are suitable for freshers to acquire the most-demanded skill sets. The certificates and placement assistance as part of the programs help the learners to start their career in the leading IT companies with a high salary.