News

Highest paid jobs for Freshers: R&D, IT jobs rank 2nd

By SiliconIndia | Thursday, 02 September 2010, 20:19 Hrs | 14 Comments

Highest paid jobs for Freshers: R&D, IT jobs rank 2nd

Bangalore: Fresh graduates employed in the field of engineering, research and development, IT and telecommunications industries are getting more pay this year than in 2009 according to a new survey.

The survey launched by the management consulting firm Hay Group has found that average salary offers have gone up across the board in the current graduate hiring season. Hay has surveyed 89 companies in July.

The highest average starting salaries were for legal jobs. Degree holders got $2,650 a month, up from $2,565 last year. Those with second-upper honours degrees or better got $2,847 and the top 10 percent received $3,220, up from $2,738 and $3,158 respectively. Master's degree holders got $2,956, almost $100 more than the $2,844 last year.

Engineering and IT & telecommunications graduates with honours got $2,700 to $2,900, up from the low $2,700s last year. The top 10 percent in this field got $3,204, up from $3,008. And engineers got $3,119, up from $3,000. Master's degree holders in these fields got just over $3,000 a month, from $2,930-2,940 last year. In R&D, graduates with good honours degrees got $2,743 to $2,814, and the top 10 percent received between $3,168 and $3,220.

"With the recovery this year, employers have upped the salary stakes for finding the best talent from this year's graduating classes," said Victor Chan, Country Head of Reward Information Services, Hay Group.

Hay also found that logistics & supply chain jobs are paying well this year 'as many global companies move their logistics and research hubs to Singapore'.

Logistics and supply chain degree holders were paid the same amount on average as those with finance and accounting degrees, at $2,510 a month.

Honours graduates in finance and accounting were paid $2,673, up from $2,589. And at the top 10 percent of finance and accounting grads got $3,110.

Don't Miss ( 1-5 of 15 )

10 Most Fuel-Efficient Cars in India

10 Sexiest Indian Models in America

10 Famous Athletes Who are Businessmen

Craziest Purchases of Billionaires

Top 10 Nightlife Cities of the World

Write your comment now

Reader's comments(14)

1: Pls use new rupee sign and state the figures in Indian rupees

Posted by:deepak - 08 Sep, 2010

Report abuse

2: Siliconindia ...... please wake up and think before you add some article here .....

Posted by:joy - 03 Sep, 2010

Report abuse

3: This site is extremely unrelaible and paint a very rosy picture of India especially the eonomy, job market and future growth. If you believe all the articles published here then it seems that India has no problem at all. I have a software development office in India and am very well aware of the Indian salary. This article is ridiculus as most of their other articles. It seems they just write what they want to hear. It does not have to be true. I guess more like a tabloid.

Posted by:Neeraj Sinha - 03 Sep, 2010

Report abuse

Right on bro.
This is what I also noticed over the years. And people (readers)go bonkers on many news items here w/o thinking. It is like you get the govt you deserve.

Tablatop Replied to: Neeraj Sinha - 03 Sep, 2010

Report abuse

5: Wat is written in this article. I dont think there is any company in india which is paying such huge amount to the freshers

Posted by:Gurpreet - 03 Sep, 2010

Report abuse

6: do not president istiffany necklace nothing but multi-parade refreshments, capable co-ordinate the overall know what the mind is an act, but is clearly nottiffany the same as anyone else know a place only,

Posted by:lina - 03 Sep, 2010

Report abuse

7: This article is about Indian jobs and the site is siliconIndia. Then why is the content in $ instead of Rupees?

Posted by:kkk - 02 Sep, 2010

Report abuse

you r right,i agree with u .

rajeev Replied to: kkk - 03 Sep, 2010

Report abuse

I think this article is not about Indian jobs. No Indian company offers 1,00,000 per month to freshers.

Rakesh Replied to: kkk - 03 Sep, 2010

Report abuse

10:

they are talking about IITs ans NITs student,or u can say these are special case!

rajeev Replied to: Rakesh - 03 Sep, 2010

Report abuse

11:

So called writers of this piece does't know any thing...this crap is copied from somewhere else...

vishwa Kumar Replied to: Rakesh - 03 Sep, 2010

Report abuse

12:

This question is relevent because this research is done by a international group and they are mainly concentrated their reseach on upper end educational institute and in metros . This may be also relevent guess as the research may be funded by a MNC to find a employee source in India.

Hariharan M. Replied to: kkk - 03 Sep, 2010

Report abuse

13:

Ya Im A B.Tech(I.T) passed Out 2010 i m interested in bank job too

Prodipto Dhar Replied to: kkk - 03 Sep, 2010

Report abuse

14: But youth are interested in banking sector too.

Posted by:Nikhil - 02 Sep, 2010

Report abuse