India Ranked 7th Lowest Paymaster for IT Professionals
Facebook Twitter google+ RSS Feed

India Ranked 7th Lowest Paymaster for IT Professionals

By SiliconIndia   |   Tuesday, 29 November 2011, 12:14 Hrs   |    5 Comments
Printer Print Email Email


Bangalore:  IT industry is one of the robust industries in the world. They play a major role in developed nation and are called as key driver of the global economic growth. This has led to a perception that the IT industry pays handsomely to its employees worldwide but This has led to a perception that the IT industry pays handsomely to its employees worldwide but it is not same in all the countries. The recent study by MyHiringClub.com has given a result that the salaries in IT is not uniformly paid world over. Countries like U.S, U.K, and Canada do pay their IT people really well but the ten countries listed below are considered as lowest paymaster for IT professionals. the annual salary given is according to the people with 4 years of experience in IT field.



1. Bulgaria: 



Bulgarian economy follows the principles of free market. They have large private sectors and strong public sector. Annual salary of the people in IT with 4 years of experience is $21,678 which is the lowest in the world. It is an industrialized nation with a gross national income per capita of US$ 5,490. Bulgaria has seen drastic economic growth but has one of the lowest income levels within the European Union with an average monthly wage of 354 Euros. The GDP of the nation is more than 80 percent.





2. Vietnam: 



The annual salary of IT professionals with an experience of 4 years in $28,940. The economy of the country is developing planned market economy. The agrarian country is predominantly dependent on the cultivation of wet rice. The present government in Vietnam is making serious efforts to develop the agricultural sector and boost up the industrialization. The nation has seen rapid economic growth in recent years which will make them a part of globalized nation.



next new
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
Reader's comments(5)
1: Can the author please clarify how The annual salary of people in Indian IT sectors is $36,120.which is the seventh lowest in the world. $36120 comes to approximately 18 lakhs? Raise your hands if you are paid 18 lakhs.
Posted by:Patz - 30 Nov, 2011
2: Pakistan is a competitor of India in IT. Why did they not give rank of Pakistan?
Posted by:Ajay - 29 Nov, 2011
3: Is any similar study available to make a comparison between different regions/states/cities in India ?
Posted by:Nagen Naskar - 29 Nov, 2011
4: but i think many people in India never get 20L per annum salary conversion of dollars for 4years experience avg pay 6 to 8 lakhs per annum which is lower than bulgaria..
Posted by:ganthraj - 29 Nov, 2011
5: But the fact is many people think salaries in IT field in India are better than other sectors.

Here is GDP of Difference countries. Of course GDP will be lower in populous countries.

Rank Country GDP - per capita (PPP) (US$)
1 Qatar 179,000
2 Liechtenstein 141,100
3 Luxembourg 82,600
4 Bermuda 69,900
5 Singapore 62,100
6 Jersey 57,000
7 Norway 54,600
8 Brunei 51,600
9 United Arab Emirates 49,600
10 Kuwait 48,900
11 United States 47,200
12 Andorra 46,700
13 Hong Kong 45,900
14 Guernsey 44,600
15 Cayman Islands 43,800
16 Gibraltar 43,000
17 Switzerland 42,600
18 Australia 41,000
19 Austria 40,400
20 Bahrain 40,300
21 Netherlands 40,300
22 Canada 39,400
23 Sweden 39,100
24 British Virgin Islands 38,500
25 Iceland 38,300
26 Belgium 37,800
27 Ireland 37,300
28 Equatorial Guinea 36,600
29 Denmark 36,600
30 Greenland 36,500
31 San Marino 36,200
32 Taiwan 35,700
33 Germany 35,700
34 Finland 35,400
35 Falkland Islands (Islas Malvinas) 35,400
36 Isle of Man 35,000
37 United Kingdom 34,800
38 Japan 34,000
39 France 33,100
40 Macau 33,000
41 Faroe Islands 32,900
42 Italy 30,500
43 Monaco 30,000
44 Korea, South 30,000
45 Israel 29,800
46 Greece 29,600
47 Spain 29,400
48 Bahamas, The 28,700
49 Slovenia 28,200
50 New Zealand 27,700
51 Czech Republic 25,600
52 Malta 25,600
53 Oman 25,600
54 Saudi Arabia 24,200
55 Seychelles 23,200
56 Portugal 23,000
57 Slovakia 22,000
58 Barbados 21,800
59 Aruba 21,800
60 Trinidad and Tobago 21,200
61 Estonia 19,100
62 Hungary 18,800
63 Poland 18,800
64 French Polynesia 18,000
65 Croatia 17,400
66 Antigua and Barbuda 16,400
67 Puerto Rico 16,300
68 Lithuania 16,000
69 Russia 15,900
70 Sint Maarten 15,400
71 Chile 15,400
72 Curacao 15,000
73 New Caledonia 15,000
74 Guam 15,000
75 Malaysia 14,700
76 Latvia 14,700
77 Argentina 14,700
78 Gabon 14,500
79 Virgin Islands 14,500
80 Lebanon 14,400
81 Libya 14,000
82 Mauritius 14,000
83 Botswana 14,000
84 Mexico 13,900
85 Saint Kitts and Nevis 13,700
86 Uruguay 13,700
87 Belarus 13,600
88 Bulgaria 13,500
89 Panama 13,000
90 Venezuela 12,700
91 Kazakhstan 12,700
92 Northern Mariana Islands 12,500
93 Turkey 12,300
94 Anguilla 12,200
95 Romania 11,600
96 Turks and Caicos Islands 11,500
97 Costa Rica 11,300
98 Saint Lucia 11,200
99 Serbia 10,900
100 Azerbaijan 10,900
101 Brazil 10,800
102 South Africa 10,700
103 Iran 10,600
104 Dominica 10,400
105 Saint Vincent and the Grenadines 10,300
106 Grenada 10,200
107 Montenegro 10,100
108 Cuba 9,900
109 Colombia 9,800
110 Macedonia 9,700
111 Suriname 9,700
112 Tunisia 9,400
113 Peru 9,200
114 Cook Islands 9,100
115 Dominican Republic 8,900
116 Thailand 8,700
117 Belize 8,400
118 Jamaica 8,300
119 Angola 8,200
120 Palau 8,100
121 American Samoa 8,000
122 Albania 8,000
123 Ecuador 7,800
124 China 7,600
125 Turkmenistan 7,500
126 Algeria 7,300
127 El Salvador 7,200
128 Guyana 7,200
129 Saint Pierre and Miquelon 7,000
130 Namibia 6,900
131 Maldives 6,900
132 Ukraine 6,700
133 Kosovo 6,600
134 Bosnia and Herzegovina 6,600
135 Egypt 6,200
136 Kiribati 6,200
137 Tonga 6,100
138 Niue 5,800
139 Armenia 5,700
140 Bhutan 5,500
141 Samoa 5,500
142 Jordan 5,400
143 Guatemala 5,200
144 Paraguay 5,200
145 Vanuatu 5,100
146 Nauru 5,000
147 Sri Lanka 5,000
148 Georgia 4,900
149 Morocco 4,800
150 Bolivia 4,800
151 Syria 4,800
152 Swaziland 4,500
153 Fiji 4,400
154 Honduras 4,200
155 Indonesia 4,200
156 Congo, Republic of the 4,100
157 Cape Verde 3,800
158 Iraq 3,800
159 Wallis and Futuna 3,800
160 Mongolia 3,600
161 India 3,500
162 Philippines 3,500
163 Tuvalu 3,400
164 Montserrat 3,400
165 Uzbekistan 3,100
166 Vietnam 3,100
167 Nicaragua 3,000
168 West Bank 2,900
169 Solomon Islands 2,900
170 Djibouti 2,800
171 Yemen 2,700
172 East Timor 2,600
173 Saint Helena 2,500
174 Nigeria 2,500
175 Pakistan 2,500
176 Papua New Guinea 2,500
177 Marshall Islands 2,500
178 Western Sahara 2,500
179 Moldova 2,500
180 Laos 2,500
181 Ghana 2,500
182 Cameroon 2,300
183 Sudan 2,300
184 Micronesia, Federated States of 2,200
185 Kyrgyzstan 2,200
186 Mauritania 2,100
187 Cambodia 2,100
188 Tajikistan 2,000
189 Senegal 1,900
190 Gambia, The 1,900
191 Korea, North 1,800
192 Cote d'Ivoire 1,800
193 Sao Tome and Principe 1,800
194 Lesotho 1,700
195 Bangladesh 1,700
196 Chad 1,600
197 Kenya 1,600
198 Benin 1,500
199 Zambia 1,500
200 Tanzania 1,400
201 Burma 1,400
202 Uganda 1,300
203 Burkina Faso 1,200
204 Nepal 1,200
205 Haiti 1,200
206 Mali 1,200
207 Guinea-Bissau 1,100
208 Rwanda 1,100
209 Tokelau 1,000
210 Mozambique 1,000
211 Guinea 1,000
212 Ethiopia 1,000
213 Comoros 1,000
214 Afghanistan 900
215 Madagascar 900
216 Togo 900
217 Sierra Leone 900
218 Malawi 800
219 Niger 700
220 Central African Republic 700
221 Eritrea 600
222 Somalia 600
223 Zimbabwe 500
224 Liberia 500
225 Congo, Democratic Republic of the 300
226 Burundi 300

Definition: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2011
Posted by:Dr.A.Jagadeesh - 29 Nov, 2011
SPOTLIGHT