Hyderabad Salary Survey

Hyderabad Salary Survey : Informal survey of friends, recruiters and others in my professional network

First let me take this opportunity to Wish you all a Happy and Prosperous new year 2007. Hyderabad was a happening place for the last few days with a number of parties all around the city.

After receiving a ton of emails about salaries in Hyderabad, I decided to do a survey of my contacts in local companies, recruiters and others who have been involved in the placement industry. What I present here is very unscientific and should not be considered an official survey. Also, please note that Indian Salary are based on the concept of CTC ( Cost to Company ) and that makes it very hard to compare offers of two companies. There are companies that include every component including their contribution to PF, and other companies that try to be fair by including only the real components that are being given to you.

BTW, I have seen offers which include performance bonus in the overall offer with a clause that it is based on overall performance of the company. MNC’s and some GLocal companies do not play these games, so you are better off taking their offers as the baseline. I tried to eliminate the performance components in the calculations below. Be wary of some companies that include variable components into CTC.

General Salary Ranges in Hyderabad are listed below.. [ Most companies fall into this range including local companies like satyam, infosys, wipro etc., and other GLocals etc. ]. Numbers below are estimated CTC.

Entry Level / Fresh Graduates [ 0 to 2 years ] : 2.5 to 4.8 Lakhs. I have seen this being as high as 6 Lakhs in Bangalore.
Junior Positions [ 1 to 4 years ] : 3.5 to 7 Lakhs
Mid level [ 3 to 6 years ] : 5 to 11 Lakhs
Sr Level [ 6 and Above, Project Manager, Lead etc ] : 9 to 17 Lakhs [ Too much competition for these jobs ]
Leadership [ Delivery, Operations, HR etc. 12+ Years ] : 15 to 25 Lakhs [ Internal candidates get the first preference here. ]
Sr. Leadership [ Operations Head, VP etc ]: 18 to 45 Lakhs
Executive Leadership [ SVP, COO of Biz Unit etc.] : 35 to 70 Lakhs
C Suite of Company [ Country Head, CEO, CFO, CTO ] : Heard of offers ranging from 2 to 7 Crores. This I cannot confirm, but most recruiters seem to agree with this range.

Now to the special cases :

* Entry level offers in 2006 by Microsoft are around 9.5 Lakhs, Google at 12.5 Lakhs, Amazon at 7.5 Lakhs. They are only focusing on top grade schools including the IIT’s. Interviews are hard to get through.
* Google, Microsoft, Amazon, Yahoo etc., dont seem to care about the money as long as the candidate is the right fit for their Organization.Some examples I heard of include 25+ Lakhs for testing lead, and around 35+ Lakhs for a Sr. Developer, 78+ Lakhs for a Director.
* MBA’s of indian schools like IIM , ISB etc., are starting around 20 Lakhs and going all the way to 1.5 Crores. There were recent examples of 2 MBA grads rejecting a 1 Crore offer to pursue their own enterprise.
* Also companies like Oracle, CSC etc., offering beyond the above grid to attract mid and senior level talent. They have large plans for India and are unable to meet the internal demand.

Hope I have given you a fair idea of whats going on here in the tech world. I will try to collect some data for techies/sme’s with trading/financial/banking experience since that seems to be the next wave of growth for us in Hyderabad and all across India.

Industry experts are indicating that salaries will still grow by 20% in 2007 with the financial and retail majors driving the next wave.