what is the average salary of engineer in india
Computer Engineering: This integrates two fields of electrical engineering and computer science for the development of hardware and software. IT industry is in the boom for over a decade now and the importance of computer engineering is still at its peak. A lot of students opt for computer engineering as it pays well and has a lot of scope both in India and abroad.
Salary Structure (Experience-wise):
Posted: 08 Apr 2020
Posted: 01 Apr 2020
Two companies deserve a special mention. Not exactly IT companies but every company is a tech company, right? From a bookseller to the largest online-retailer…I’m talking about— Amazon . With its innovation and a fantastic business model, Jeff Bezos’s consumer-centric baby has also raised the bar in other ways. A Software Development Engineer (SDE) with 1 to 3 years’ experience gets paid an average of about INR 13 LPA; throw in stocks and benefits as well.
Despite the current global slowdown and the industry beginning to feel the heat a little, there are enough exciting happenings in the software sphere—especially in the fast-growing IoT and Engineering R&D segments, to justify revisiting this article. Also, most companies are looking at major transformations that are totally driven by technology. Naturally, this calls for luring the right talent and putting in efforts to retain them.
Surprised? As per the data across various journals and job sites, Petroleum Engineers are amongst the best paid engineers in the world. The engineers whose job is facilitating the extraction of oil and gas from earth make anywhere between $114,080 to $166,400 per annum. In INR, this would be upwards of Rs. 75 lakh per annum. What is important to note here is that petroleum engineering is usually a master’s level profile. For Indian job market, the median salary of a petroleum engineer is set at 9.44 lakh annually.
Fuel seems to be frontrunners and next to petroleum or oil and gas is nuclear energy. The highly specialized domain is also one of the top paying jobs for engineers in the world. A nuclear engineer, on an average earns somewhere between $99,000 to $142,000. This too is easily upwards of INR 68 lakh per annum. Indian average for the nuclear power generation engineering jobs is at about Rs. 8.44 lakh annually.
A Quora post recently answered a question that all of us secretly wanted to know. How much exactly can a software engineer earn in the country? If we had to calculate, what would be the highest salary of a software engineer in India?
Reasoning why the salaries are kept slightly lower he said,it is to maintain the cost of advantage and remain profitable. Then there are inhouse IT-support companies that recruit people to develop, manage and support their own IT systems. These companies pay around Rs 18 lakhs per annum.