I have spoken to associates from large and small firms and they overall agree that a CS degree while providing a little value, does not provide enough to swing the vote in your favour if nothing else is good. However it depends on the job you take up, as also the city. In my experience, engineering does not pay as much as may be earned by a law grad from a top-4 (NLS, Nalsar, NUJS, NLUJ) NLU. In south india it is quite common for reputed firms to be stocked in the majority with associates from local colleges (such as UILS and BILS in bangalore), and the bias towards NLUs is not as pronounced as in Mumbai. If you manage to wangle a training contract with a foreign firm, the pay is exponentially higher. I have also seen GLC, Symbi and ILS grads at these firms. The probability of your ending up at a tier-1 firm is higher if you obtain your degree from a top-4 NLU, simply because the firms have a reputation to depend on, although the newer NLUs are also performing quite well.
if you work with any other firm, could be much lesser. if you work with the best corporate firms in the country, anything between 8 and 15 lakhs per annum. if you do not work for a firm and work instead for an advocate, anything over 20000 is optimistic (by current standards). If you are only interested in viewing statistics and salaries in a specific career field, then choose one from below, or continue scrolling down for more interesting facts about salaries and income in India.Depends on which college you obtain your degree from and what firm you end up working for. You should be able to recover the costs in roughly a year or so. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. The decision really depends on your situation and experience among many other factors. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment. Many people pursue higher education as a tactic to switch into a higher paying job. In most cases, a salary review is conducted once education is completed and the degree has been attained. You can't really expect any salary increases during the study period, assuming you already have a job.
Is a Master's degree or an MBA worth it? Should you pursue higher education?Ī Master's degree program or any post-graduate program in India costs anywhere from 160,000 Indian Rupee(s) to 479,000 Indian Rupee(s) and lasts approximately two years. Also from the diagram, 75% of the population are earning less than 79,100 INR while 25% are earning more than 79,100 INR. Reading from the salary distribution diagram, 25% of the population are earning less than 16,900 INR while 75% of them are earning more than 16,900 INR. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.Ĭlosely related to the median are two values: the 25th and the 75th percentiles. The median represents the middle salary value. The median salary is 29,400 INR per month, which means that half (50%) of the population are earning less than 29,400 INR while the other half are earning more than 29,400 INR. Salaries in India range from 8,080 INR per month (minimum salary) to 143,000 INR per month (maximum average salary, actual maximum is higher). Tweet Get Chart Link The median, the maximum, the minimum, and the range
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