annualsalary

trendsreport2024-25.

partnerfortalent.

contents.

executivesummary03

keyhighlights04

aboutthe2024-25Randstadsalarytrendsreport05

hotjobs2024-2509

marchingto‘ViksitBharat2047’10

salarytrendsacrosslocations12

salarytrendsacrossindustries22

salarytrendsacrossfunctions25

deepdive

?byindustries29

?byfunctions42

annualsalarytrendsreport2024-25|2

annualsalarytrendsreport2024-25|3

executivesummary.

Weavingasmarttapestryofrewardswithtalentaspirationsandenterprisegoals.

Amidstglobalchallengesofgeopoliticaltensionsandrisinginflation,Indiancompaniescontinuetoshowintelligentintentandefortsto

designinnovativeandcomprehensiverewardsprogramsthat

balancecostswiththeimperativetoacquireandretainskilledandnichetalent.

Everyyear,theRandstadSalaryTrendsReportanalysesthedynamicbusinesslandscapeinIndia—acrosslocations,industriesand

functions—toserveasan‘impactbarometer’ofIndiaInc.’sbusinessperformanceonworkforcecompensation.Thefindingsofour

2024-25RandstadSalaryTrendsReportshowafairstabilityin

averagesalariesatdiferenthierarchicallevels.AmongtheTop8

tier-1cities,weseeaveragesalariesbeingcloselycompetitive.Ofthesixadditionaltier-2citiesfeaturedinthisreport,Bhopal,MysoreandKanpurtakethe#2,#3,and#4positionsinjuniorlevelsalaries.ThesearepositiveindicatorsofIndiaInc.’sintentofimprovinginclusive

employmentopportunitiesacrossbothtier-1andtier-2cities.

Whileadvertising,marketresearch&PR,internet&e-commerce,andprofessionalservicescontinuetoleadamongindustries,BFSI,

energy&utilities,andinfrastructure,realestate&constructionstandoutassomeofthetop-payingindustriesacrossvariouslevels.This

indicatesthecriticalrolethattheseindustriesplayinthenation’seconomicmarch.

Wealsoseeasharpfocusonnicheskillswithpremiumcompensation.Forexample,healthcaresalariesmakeaphenomenalleapinrankingsatthemiddleandseniorlevelsdrivenbydemandforresearch

analysts,specialtydoctors,APIexperts,pharmacovigilance

scientistsandothers.Weseeasimilartrendintheseniorlevelin

Finance&Accountingroles—withahighdemandforinvestment

bankingspecialists,bankingoperationalprofessionals,andbusinessanalysts.

Lookingaheadto2025,weexpectcontinuedstrategicmovesto

nurtureandretaintalentinacompetitivejobmarketthrough

innovativeandevolvingcompensationstrategies.Clearly,excitingtimeslieahead.

keyhighlights.

Intier-1cities,Bengalururanks#1in

salariesinthejuniorandmiddlelevels;

Mumbairanks#1inseniorlevel

Bhopal,MysoreandKanpur, amongtier-2cities,makeapowerfuldebut—takingthe#2.#3,and#4spotsinjunior

levelsalaries

Operations-tech commandsthehighestsalaryamongfunctionsatthejuniorlevel;healthcareleadsatthemiddleand

seniorlevels

Amongtier-2cities,Surat,

NashikandBhubaneshwarshowaphenomenalleaptotakethe#1positioninthesenior,middle

andjuniorlevel

Amongindustries,

advertising,MRandPR

commandthehighestsalariesatthejuniorandmiddle

annualsalarytrendsreport2024-25|4

levels;internet&e-commerceattheseniorlevel

annualsalarytrendsreport2024-25|5

aboutthe2024-25

randstadsalarytrendsreport.

AninsightfuldiveintotheIndianrewardsandcompensationscene.

AtRandstadIndia,monitoring,analyzingandsharingevolvingtalentandsalarytrendsismorethanourbusiness—itisourpassionatecommitmenttojobaspirantsandjob

creatingorganizations.ThroughourannualRandstadSalaryTrendsReport,wehave

consistentlyprovided—acrosslocations,industriesandfunctions—data-driveninsightsintomarketrealities,employerintent,andtheirimpactonsalaryandrewards.

The2024-25RandstadSalaryTrendsReportinsightfullyshowcasesIndiaInc.’s

salary-relatedstrategiesanddecisionsasthecountrystridesaheadtomoveintothe‘Top3’nationsoftheworldintermsofGDP.Asatransformedworklandscapegearsupto

addressthechallengesofgeopoliticalvolatilityandsurgingdemandforspecializedtalent,weareconfidentthatthisreportwillproviderelevantinputsforemployers,aspiringtalentandinvestorstomakeinsights-drivendecisionsandactionstoenablesuccess.

ThisreportiscompiledexclusivelywithRandstad’shiringinformationandexperience,whichhavebeenvalidatedthroughextensiveclientandcandidateinteractions.

annualsalarytrendsreport2024-25|6

tier-2cities

whatthisreportcovers.

Bhubaneshwar

The2024-25Randstadsalarytrendsreportanalyzescompensationandbenefitsdataandpatternsacrosslocations,industriesandfunctions.

Bhopal

ChandigarhCoimbatoreGoa

GuwahatiIndore

Jaipur

Kanpur

Kochi

Lucknow

LudhianaMohali

tier-1cities

AhmedabadBengaluru

Chennai

HyderabadKolkata

MumbaiDelhi-ncrPune

Surat

Thane

ThiruvananthapuramTrichy

Vadodara

Visakhapatnam

locations

8tier-1cities&22tier-2cities

industries

top6industriesacrosslevels

functions

top6functionsacrosslevels

Thisyear’sstudyspansmorethan100,000jobsacrosseightTier-1citiesand22Tier-2cities.Coveringthetopsixindustriesand

functions,thisreportanalyzesaveragesalariesatthejunior,middleandseniormanagementlevels.

MysoreNagpur

Nashik

annualsalarytrendsreport2024-25|7

keydefinitions.

annualsalarytrendsreport2024-25|8

seniormanagement

?Experienceof15yearsandabove

?Managersofoneormorekeyfunctionsreportingdirectlytotopmanagement

?Geo/function-wisebusinessheads

middlemanagement

?Experienceof6-14years

?Executivesholdingownershipfora

sub-functioninanorganization,

reportingdirectlytoseniormanagement

juniormanagement

?Experienceof0-5years

?Entrylevelemployeesinthecorporatejobhierarchy,usuallyinvolvedintheday-to-dayfunctioningoftheirteams

AllCTCdetailsrepresentedinthereportareinINRlakhsperannum

annualsalarytrendsreport2024-25|9

hotjobs2024-25.

Top10payingjobsformid-levelprofessionals(6-10years’experience).

architect21.92

projectmanagement

21.64

c++developer20.93

awsspecialist22.09

cloudarchitect/computing

20.37

agilespecialist

19.96

javascriptdeveloper

19.94

pythonspecialist

20.44

javadeveloper

19.35

businessanalyst

19.61

Avg.CTCisinlakhsperannum

annualsalarytrendsreport2024-25|10

marchingto‘ViksitBharat2047’.

Buildingworkforcestabilityforgrowthwithresilience.

India’stransformativejourneyto‘ViksitBharat2047’(thataimstolaunchthenationintoadevelopedentitystatusby2047)continuestobemarkedby

resilientgrowth—infact,Moody’sNovember2024projectionsestimatesthecountry’sGDPtogrowat7.2%in20241,drivenbyarecoveryinconsumptionandeasingofinflation.Indiahasalsoshownpositivesignsoflong-term

investmentandjobopportunities,asmultinationalcompaniesturntothiscountrytoachievegrowththroughcost-optimaloperationaleficiency.

Accordingtothe2023-24PeriodicLabourForceSurvey(PLFS)report,the

shareofsalariedworkerswithhigherqualificationshasincreasedmarginallyby0.8percentagepointsto21.7%.Thesurveyalsoshowsthatfemale

participationinthelabourforcehasimproved,especiallyinruralareas.Thegovernment’sstrongfocusandinitiativesonthefollowingareasislikelyto

formthebedrockofIndia’sfutureeconomicgrowthandcreationofhigh-qualityemployment,whichcallforadvancededucationandspecializedskills:

?Infrastructureinitiatives

?Manufacturingandemergingindustries(forexample,semiconductorsandelectronics)

?Transitioningtoclean-energyalternatives

?Skillingyouthandeducationloansforhighereducation

?Paidinternshipprograms(whichwillimproveemployability)

The2024-25Randstadsalarytrendsreportlooksathowthesedevelopmentshaveimpactedjobopportunitiesandsalaries.Therearestrongindicators

thatIndiaInc.will,onanaverage,raisesalariesby9.5%into20252-ledby

engineering,manufacturing,financialservices,retail,globalcapability

centres(GCC),andtechnologyservices.Asinthepastfewyears,businesseswillcontinuetoreimagineandalignsalarydesignsthatwillinnovatively

addresstherealitiesofflexibleanddigitalworkpractices,

performance-basedpaydifferentiation,andcomprehensiveworkforcewell-being.WillisTowersWatson'slatestSalaryBudgetPlanningReport

(October2024)suggestsabout28%ofcompaniesplantoincrease

headcountinthenextsixmonths,while68%ofcompanieswouldmaintaintheirheadcountin20253.

Thisisindeedaclearandconfidentintenttoinfuseall-roundworkforcestabilityforfuturegrowth.

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/business/india-business/indian-economy-in-sweet-spot-moodys-projects-indias-gdp-to-grow-at-7-2-in-2024/articleshow/115337560.cms

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/industry/news/salaries-in-india-to-rise-9-5-in-2025-led-by-engineering-mfg-hikes-aon-124100300445_1.html

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/news/trends/corporate-india-to-maintain-9-5-pc-salary-increase-in-2025-wtw-survey/114267264

annualsalarytrendsreport2024-25|11

India’seconomicgrowth:

pavingpositiveopportunitiesforemploymentandsalaries.

?AccordingtoCRISIL,theIndianeconomycouldwellcrossthe$5trillionmarkandinchcloserto$7trillioninthenextsevenfiscals4

?IndiaprojectedtosurpassGermanyandJapantobetheworld’sthird-largestconsumermarketby20265

?Netforeigndirectinvestment(FDI)morethandoubledduringtheperiodAprilAugust2024USD6.62billion(from$3.26billioninthesameperiodinthepreviousyear6

?Energy,healthcare,manufacturing,fastmovingconsumergoods

(FMCG),informationtechnology,andinfrastructurearepoisedtodrivetheIndianeconomyandemploymentopportunitiesinthecomingyears

?SalaryincreasesinIndiacontinuetobethehighestacrossthe

Asia-Pacificregion,andthemediansalaryincreasein2025isforecastedtoriseby9.5%7

?India’smicro,small,ormediumenterprises(MSMEs),whichcurrentlyemploysabout12crorepeople,isexpectedto

generatemorethan2lakhnewjobsby20258

?ACII-McKinseyreport‘Unicorn2.0:AddingtheNextTrillion’predictsthepossibilityofIndianstartupstocreate50million

newjobsandadd$1trilliontotheeconomybyFY309

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/en/home/our-analysis/reports/2024/03/india-outlook-2024-report/growth-marathon.html

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.in/en/india-poised-to-become-worlds-third-largest-consumer-market-by-2026-outpacing-germany-japan/

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/economy/news/net-fdi-in-india-more-than-doubles-in-apr-aug-2024-shows-rbi-data-124102101239_1.html

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/en-in/news/2024/10/india-to-maintain-9-point-5-percent-salary-increase-in-2025-wtw-survey-finds#:

~:text=Salary%20increases%20across%20industries%20such,projected%20below%20the%20general%20industry

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/news/industry/indian-msmes-to-create-2-lakh-new-jobs-by-2025-report/111305389

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annualsalarytrendsreport2024-25|12

salarytrendsacrosslocations.

Salariesacrosstier-1&2cities,andjobrolehierarchies.

tier1cities.

Bengaluruleadsothertier-1citiesinsalarypay-scalesforjuniorand

middlelevels,withanaverageCTCofINR7.22lakhsandINR19.04lakhs,respectively.Itranksaclosesecondintheseniorlevelwithanaverage

CTCofINR36.46lakhs.

Overall,BengaluruseemstohaveheldsteadyonitsaverageCTCacrossalllevelswhencomparedtothepreviousyear.Atthejuniorlevel,the

averageCTCishigherby~23%thanthenationalaverageoftier-1citiesatthejuniorlevel,~9%atthemiddlelevel,and~6.5%attheseniorlevel.

Ourfindingsinthesecondeditionofour

2024TalentInsightsReport

placesBengaluruasthenumberonetalenthotspotacrossalllevelsintheBFSI,manufacturing&automotive,retail,fmcg&fmcd,andIT

sectors.ItalsoranksamongtheTop3inthePHLandenergy&utilitiessectors.

Technologyandinnovationareintegralimperativesinallindustriestoday.Asthetechnologyhubofthenation,itisnotsurprisingthatBengaluruattractshighlyskilledtalentatalllevelswiththemost

attractivecompensationpackages.

Mumbaileadsthetier-1citiesinthesalarytableforseniorlevel

professionalswithaverageCTCofINR38.85lakhs—andrankssecondintheaverageCTCformiddlelevelprofessionals(INR18.37lakhs).

Attheseniorlevel,Mumbaihasseenmorethan4%increaseinthe

averageCTCoverthepreviousyear—andisabout12%higherthanthenationalaverage.

Asapowerfultalenthubacrossindustries—andespeciallyforthe

bankingandfinancialservices,retail,FMCGandFMCD,andtheenergyandutilitiessectors—Mumbaiisakeydriverofthecountry’seconomyandcommerce,attractingmajormultinationalcorporations.Itisthis

strongcommercialpositioningthattranslatestocompetitive

compensationpackagesatthemiddleandseniorlevels,andfornicheprofessionals.

annualsalarytrendsreport2024-25|13

Ahmedabadretainsitsthirdpositionintheseniorlevelsalarieswithan

averageCTCofINR35.12lakhs.ItranksaclosefourthinthemiddlelevelwithanaverageCTCof18.29lakhs.

Ahmedabadisamajorhubforadvancedresearchanddevelopment

acrossindustries,makingitagrowingcenterforinnovation.IthoststhePhysicalResearchLaboratory(forthepharmaceuticalindustry),IndianSpaceResearchOrganization’sSpaceApplicationsCenter,anda

multitudeofR&Dfacilitiesofprivateenterprises(forexample,TritonEV,apath-breakerintheEVsectorhasitslargestglobalR&Dcentrehere).

Thiscallsforexperiencedseniorprofessionalswithnicheskillsanddeepexpertise,andtheythuscommandhighersalaries.

Punehasrisentothethirdpositioninmiddlelevelsalarieswithan

averageCTCofINR18.37lakhs.Italsoranksacompetitivethirdinthejuniorlevel(averageCTCINR6.30lakhs)andfifthintheseniorlevel(averageCTCINR33.32lakhs).

Punecontinuestoshowastrongandsteadydemandfortalentacrossalllevelsformultipleindustries.Withitsstate-of-the-artITinfrastructure,

Puneisnowregardedasapremieroutsourcinglocationforengineeringandproductdevelopmentandresearchservices,andattractsspecialistsandmanagementprofessionalswithgoodcompensationpackages.In

thesecondeditionofour

2024TalentInsightsReport,

itfeaturesamongtheTop5inallexperiencelevelsfortheBFSI,manufacturingandauto,IT,andenergyandutilitiessectors.

ChennaimaintainsitssteadypositionamongtheTop5insalariesacrossalllevels—fourthinjuniorandsenior(averageCTCofINR5.91lakhsandINR34.76lakhs,respectively)andaclosefifthinthemiddlelevel

(averageCTCofINR17.92lakhs).

ChennaiishometolargedomesticandmultinationalcorporationsintheBFSIsector,one-thirdofIndia'sautomobilemanufacturingindustry,IT

companiesspecializingindigitalproductsandservicesandproduct

engineering,medicalinstitutionsandlargepowerprojects.Thistier-1

citythusscoreswell,bothindemandfortalent,anditsintenttoprovidecompetitivecompensationforspecialistskillsatalllevels.

Hyderabadrisestothesecondpositioninthejuniorlevelwithan

averageCTCof6.72lakhs.Atthemiddleandseniorlevels,itstandsatacompetitivesixthwithaverageCTCof17.74lakhsand32.84lakhs,

respectively.

BesidesitscontinueddominantroleintheITandPHLindustries,

HyderabadhasmadesignificantstridesintheBFSI,manufacturingandautomotive,andretail,FMCGandFMCDsectors.Thereisthusahealthydemandfortalentacrossalllevels,andparticularlyinthejuniorlevel—withattractivesalaries.

Withitsrapidexpansioninlifescienceparks(GenomeValley,MedtechParkandPharmaCity),Hyderabad’sriseintheresearchand

developmentarenaisexpectedtocreateagreatertalentdemandatcompetitivesalaries.

annualsalarytrendsreport2024-25|14

salarytrendsacrosstier-1citesandjobhierarchies.

juniorlevel(0-5years)

AvgCTCVariance

7.22

6.72-0.07

6.30-0.13

5.91-0.18

5.61-0.22

5.36-0.26

5.19-0.28

5.09-0.29

5.55-0.23

middlelevel(6-14years)AvgCTCVariance

BengaluruMumbai

Pune

Ahmedabad

Chennai

Hyderabad

Delhi-ncr

Kolkata

NationalAverage

19.04

18.37-0.04

18.37-0.04

18.29-0.04

17.92-0.06

17.74-0.07

17.06-0.10

13.18-0.31

17.29-0.09

BengaluruHyderabad

Pune

Chennai

Delhi-ncr

Mumbai

AhmedabadKolkata

NationalAverage

Avg.CTCisinlakhsperannum

seniorlevel(>=15years)AvgCTCVariance

Mumbai

Bengaluru

AhmedabadChennai

Pune

Hyderabad

Delhi-ncr

Kolkata

NationalAverage

38.85

36.46-0.06

35.12-0.10

34.76-0.11

33.32-0.14

32.84-0.15

31.22-0.20

25.03-0.36

34.11-0.12

tier-2cities.

Suratmakesabigjumptothe#1spotintheseniorlevelwithanaverageCTCofINR34.22lakhs–

whichis~35%higherthanthenationalaverage.Italsosurgesaheadtotheninthpositioninmiddlelevelsalaries,withanaverageCTCofINR13.51

lakhs.

Surathasmadeimpressivestridesasastrong

businessandfinancialhubandasanIThubintheareasofERP,applicationandsoftware

development,andconnectivitysolutions.Itsintenttohandsomelycompensateseniorandmiddle

levelprofessionalsindicatesitsseriousnesstoriseasmajortier-2location.

Nashikjumpstothefirstplaceinmiddlelevel

salarieswithanaverageCTCofINR18.99lakhs;

thisis~21%higherthanthenationalaverage.Italsoranksacompetitivefifthinthejuniorlevel,withanaverageCTCofINR6.61lakhs.

Nashik’seconomyhassurged,thankstogrowinginvestmentsinthedefense,automotive

manufacturing,andenergyandutilitiessectors.

Suchdevelopmentscallforwell-paidandstrongmiddlemanagementprofessionals—anda

sustainabletalentpipelinewithjuniorhires.

annualsalarytrendsreport2024-25|15

annualsalarytrendsreport2024-25|16

Bhubaneshwarsurgestothetopslotinjuniorlevelsalaries,andits

averageCTC,INR6.89lakhsis~11%higherthanthenationalaverage,andabout24%higherthanin2023.Italsojumpstothefifthplaceinmiddle

levelwithanaverageCTCofINR14.03lakhs.

Odishahasmadeanimpressivetransitiontoindustryandservices.Ithassteadilyrisenasatechnologyhub,besidesitstraditionalstrengthsin

steel,aluminum,paperandcement.Asthestate’scapital,BhubaneshwarisattheforefrontofcreatingattractiveemploymentopportunitiesinIT,manufacturing,finance,healthcare,andeducation.

Kochirisestothesecondpositioninseniorlevelsalaries(averageCTCofINR33.02lakhs)—withasignificantriseof12%overthepreviousyear’saverage.Inthemiddleleveltoo,itsaverageCTC(INR16.49lakhs)showsa12%increaseoverthepreviousyear,evenasitmaintainsitsthirdrank.

Kochihasemergedasoneofthefastestgrowingtier-2citiesinIndia,providingverygoodemploymentopportunitiesacrossmultiple

industries—andspecificallyintheIT,energyandutilities,andretail,FMCGandFMCDsectors.Itisalsoasignificantstart-updestination,enablingjobcreationatthemiddleandseniorlevels.

Mysorehasmadeaverypowerfulentryacrossalllevels—thirdin

junior(averageCTC,INR6.68lakhs),fourthinsenior(averageCTC

INR28.53lakh)andamongtheTop10inthemiddlelevel(13.49lakh).

Drivenbytourism,ITandelectronics,Mysore’seconomyispoisedto

climbgreaterheightsintheyearstocome.Thistier-2cityhasanumberofITparks—MysoreITPark,SoftwareTechnologyParksofIndia(STPI)Mysore,NesaraTechPark,SilverSpiritTechPark,LeafCodeandSmartCubiclestonameafew.STPIMysore’snewincubationcentreisalso

expectedtoboosttheITindustryinthiscity.

annualsalarytrendsreport2024-25|17

WiththegovernmentofKarnatakaidentifying235.5acrestosetupanelectronicsmanufacturingclusterforproductionofsemi-conductors,thereisgreatpotentialforcreationofjobsatalllevels.

Bhopal(rankedsecondwithaverageCTCofINR6.71lakhs)andKanpur(rankedfourthwithanaverageCTCofINR6.67lakhs)makean

impressivedebutinthejuniorlevelsalaries.

MadhyaPradesh(ofwhichBhopalisthecapital),hasgarnered

investmentcommitmentsofnearlyINR1trillionoverthenextfewyears—includingfromtheAdaniGroup,PepsicoIndiaandL&TMindtree.

Apartfromsignificantlyboostingcompensationlevels,thisisalso

expectedtogeneratetremendousemploymentopportunitiesinthecomingyears10.

Kanpuraccountsfor20%ofIndia’sleatherproduction,andplansareunderwaytodevelopthistier-2cityasahubforelectricvehicles.

Additionally,theLucknow-Kanpurindustrialcorridorwillprovideasignificantimpetustoemploymentcreationandattractivesalaries.

Thanecomesaveryclosethirdinaveragesalaryattheseniorlevel

(averageCTCINR32.79lakhs),andseventhatthemiddlelevel(averageCTCINR13.75lakhs).

BuildingonitsproximitytoMumbai,Thanecontinuestosuccessfully

developitsbusinesslandscapewithahostofdiverseindustriessuchasBFSI,manufactureofmachinetoolsandindustrialmachinery,

pharmaceuticals,chemicals,textilesandfertilizers—andalsoasanemergingIThub.Well-compensatedmiddleandseniorlevel

professionalsarethuscriticaltoThane’scontinuedgrowth.

VadodararanksfifthintheseniorlevelwithanaverageCTCofINR27.14lakhs.

Smartcity.Atechnologyhub.Hometomanylarge-scaleindustriesandpublicsectorunits.Athrivingretailsector—Vadodara’sascentamongtier-2citiesasahubfornicheseniorprofessionalsisaresultofitsplanstoattractnewbusinessthroughadditionalindustrialzones.

Thiruvananthapuramrankssecondinaveragesalarypaidtomiddlelevelprofessionals(averageCTCINR16.77lakhs).

Thiruvananthapuramistodayamajortier-2ITdestination—besidesa

growingpresenceinthebiotechnology,healthcareandrealestate

sectors.VizhinjamInternationalSeaportLimitedinThiruvananthapuramisexpectedtogeneratesignificanteconomicandjobopportunitiesacrosslogisticsandtransportation.

TrichymakesagreatupwardshifttothesixthpositioninsalariesattheseniorlevelwithanaverageCTCofINR26.86lakhs.Italsofeatures

amongtheTop15inthemiddlelevel.

Withitsstrongengineeringindustry,Trichyhasestablisheditselfin

defencemanufacturing(includingtheOrdnanceFactoryandHeavyAlloyPenetratorProject).Amasterplan,‘CHIRA2041’,laysoutplansforfive

sectorsforthecity’seconomicdevelopmentandfourhigh-density

developmentcorridors—allofwhichpromisesgoodjobopportunitiesandcompetitivesalaries.

IndoremovesuptothefourthpositioninmiddlelevelsalarieswithanaverageCTCofINR16.04lakhs—andranksamongtheTop15inthejuniorlevel.

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Indorehasleverageditstraditionalstrengthsinmanufacturing,textiles,metals,andautomobiles,witharemarkableascentininformation

technology.AsabusinessandtradingcapitalofMadhyaPradesh,Indorethusattractsskilledtalentandemployerswhoarewillingtocompensatethemwell.Withasignificantoutlayforinfrastructuredevelopmentinitscurrentbudget,wecanhopetoseeitriseinstandingacrossalllevels.

Chandigarhrankssixthinmiddlesalaries(averageCTCofINR13.86lakhs)andninthinacloselycompetitiveseniorlevelcluster(averageCTCofINR23.00lakhs).

ChandigarhhasseentremendousemploymentopportunitieswithcompetitivesalariesinIT,manufacturing,healthcareandpharmaceuticals,

e-commerceandretail,renewableenergyandfoodprocessing.Thistier-2citythusshowsastrongintenttohiremiddleandseniorlevelprofessionalsatcompetitivesalaries.Ithasalsodevelopedathrivingstart-upecosystem,whichhasresultedinsignificantjobgrowth.

Coimbatoreranksamongthetop10tier-2citieswiththehighestsalariesformiddleandsenior-levelpositions(withaverageCTCsofINR13.53

lakhsandINR23.12lakhs,respectively).

Besidesbeingatraditionalstrongholdintextilesandtextilemachinery,

Coimbatore’smasterplanhasidentifiedeightmanufacturinggrowthhubs(includingautomotive,foodprocessing,motors,electricalautomation,

andmore).Itssignificantgrowthintheinformationtechnologysector,plusitsthrivingstart-upecosystemhaveensuredthatitprovidesgreatopportunitiesatthemiddleandseniorlevels.

Ludhiana,MohaliandGoahavemadeimpressiveentriesacrossthethreelevelsandwehopetoseethemriseinthecomingyears.

annualsalarytrendsreport2024-25|18

annualsalarytrendsreport2024-25|19

salarytrendsacrosstier-2citesandjobhierarchies.

juniorlevel(0-5years)

Bhubaneshwar

Bhopal

Mysore

Kanpur

Nashik

Lucknow

Guwahati

Ludhiana

ThiruvananthapuramTrichy

Indore

Kochi

Vadodara

Chandigarh

AvgCTCVariance

6.89

6.71-0.03

6.68-0.03

6.67-0.03

6.61-0.04

6.52-0.05

6.43-0.07

6.40-0.07

6.39-0.07

6.35-0.08

6.20-0.10

6.12-0.11

6.05-0.12

5.85-0.15

5.62-0.18

5.51-0.20

5.36-0.22

5.16-0.25

5.10-0.26

5.09-0.26

5.08-0.26

5.05-0.27

6.15-0.11

Mohali

Nagpur

Jaipur

Surat

VisakhapatnamThane

Goa

Coimbatore

NationalAverage

?AvgCTCisinlakhsperannum

?Salarieshavebeenreportedforcitieswhichhavesuficientsampledata

annualsalarytrendsreport2024-25|20

salarytrendsacrosstier-2citesandjobhierarchies.

middlelevel(6-14years)AvgCTCVariance

Nashik

ThiruvananthapuramKochi

Indore

BhubaneshwarChandigarh

Thane

Coimbatore

Surat

Mysore

Guwahati

NagpurTrichy

Vadodara

18.99

16.77-0.12

16.49-0.13

16.04-0.16

14.03-0.26

13.86-0.27

13.75-0.28

13.53-0.2