IT highest-paying sector in India: Study

IT highest-paying sector in India: Study

NEW DELHI: Information Technology sector employees get the highest pay in India with a median gross hourly salary of Rs 346.42, while those in the manufacturing sector get paid the least at Rs 254.04, says a report.

According to Monster Salary Index (MSI), the IT sector is the highest paying sector in India, but only 57.4% are satisfied with their salary.

BFSI sector comes in second with a median salary of Rs 300.23. The relatively higher remuneration reflects the high level education of workers with 16-17 years of schooling, the report noted.

“The IT and BFSI sectors have always been among the highly paid in India but it is surprising that over 50% of employees in both these sectors are least satisfied with their salaries,” Sanjay Modi, Managing Director of Monster.com India said.

Notwithstanding, the government’s focus towards the sector through its Make in India initiative, manufacturing sector is paid the least, as employees in this segment are paid about 9% lesser than the median salary for the entire Indian economy taken together at Rs 279.

PTI | Feb 15, 2016, 03.17 PM IST