Industrialization has marked a phenomenal change in the overall development and functioning of the IT sector. Today, we live in a world where life without technology has become impossible. As the rate of usage of the different types of technologies rises up, the number of entrepreneurs who start new IT ventures also has increased tremendously.
The risks taken by the various entrepreneurs have led to the rise of many well-established IT companies in the current world. They are famous not only for their successful innovations but also for the high salaries they pay to their employees. The availability of a hefty salary is one of the main reasons why a number of people come forward to be a part of these ventures.
Given below are the top 10 IT companies which provide their employees with the highest salary in India. (The salary data is estimated and gathered from indeed.co.in, glassdoor.com and payscale.com)
10 Highest Paying Companies For Programmers in India
Google is an American multinational technology company with branches all over the world. To be a part of this organization headed by Sundar Pichai is the dream of all the youngsters. Along with a very high salary, the comfort level offered by this company to its employees cannot be compared with any other company in the world. Even the entry-level employees receive a salary higher than a person with the same qualifications and experience gained in any other IT company in India.
The current annual income of a fresher programmer in Google India is 5 – 38 lakhs per annum, which is far more than any IT professional can ever dream of in his career in India. Here is the list of skills that are needed to get a software engineering job at Google.
Founded in the year 1975 by Paul Allen and Bill Gates, Microsoft is one of the biggest American multinational technology companies in the world. Like Google, Microsoft also has its branches all around the world. This company is best known for the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. More than hundreds of people are recruited every year by this company.
In India, it is one of the top-paying companies. Its branch in Bangalore provides a salary of 10-12 lakh per annum for a programmer and up to 18 lakhs per annum for a technical consultant. Even their bonus is, in fact, more than an average IT professional’s annual salary.
Amazon is the most popular electronic commerce and cloud computing company in India. This American company is the largest retailer in the world based on revenue and market capitalization and also the second-largest after the Alibaba Group in terms of total sales. In India, a software development engineer with an experience of 1-3 years is offered an average salary of 13 lakhs per annum in this organization.
Juniper is an American multinational company that develops and markets networking products. By the year 2014, it has earned annual revenue of $4.63 billion. In the US, Juniper offers a salary of $155,000 to its employees. In India, the salary of a software engineer depends on his current grade in the company (i.e., I, II, III, and IV). The average salary ranges from 4 to 23 lakhs per annum.
Adobe is an American multinational company with more than 15,000 employees all over the world. An entry-level software programmer working in Adobe receives a salary of 7-14 lakhs per annum. After a period of 6 years, they also receive a salary hike of about 1.5 times the starting remuneration.
Cisco is rated as the largest networking company in the world. This American multinational technology conglomerate is also known for the high salaries paid to the employees. In India, software engineers receive a salary of 12 lakhs per annum, while network engineer gets 6 lakhs per annum.
Intel, the world’s second-largest and second highest valued semiconductor chip maker, supplies the processor for the computer system manufacturers like Apple, Lenovo, HP, and Dell. As per the data from Glassdoor, a software engineer gets an average salary of 11 lakhs per annum.
8. Goldman Sachs
Goldman Sachs is the largest investment banking enterprise in the world. As of the year 2017, this company has earned annual revenue of $42.254 billion. With more than 30,000 employees, this company is known for the hefty salaries offered to its employees. A software engineer working in its branch gets a salary of 10 to 12 lakhs per annum.
IBM India Private Limited is the Indian subsidiary of IBM. It has facilities in Bengaluru, Ahmedabad, Delhi, Kolkata, Mumbai, Chennai, Pune, Gurgaon, Noida, Chandigarh, Bhubaneshwar, Coimbatore, Visakhapatnam, and Hyderabad. Since 2006, IBM has been the multinational with the largest number of employees in India. IBM is very secretive about the geographic distribution of its employees. By most estimates, it has close to a third of its 430,000 employees in India, and it likely has more employees there than in the US.
The typical IBM Software Engineer salary is 7 Lakh per annum. Software Engineer salaries at IBM can range from 4 Lakh to 21 Lakh.
Infosys is the second-largest IT Company in India which provides business consulting, information technology, and outsourcing resources. Headquartered in Bangalore, India, it is one of the most employee-friendly IT companies in the country. The entry-level employees of this company receive an annual income of 3-5 lakhs per annum.
Though the number of IT companies is progressing each year, all the companies in the country do not provide competitive salaries. The TCS, Infosys, and the Wipro provide comparatively low salaries of around 2-3 lakhs per annum.
Not only technology giants, but even some of the smaller companies provide competitive salaries to the employees. For instance, a software engineer with experience of 2 to 3 years receives a salary of 18 lakhs per annum in MakeMyTrip.
The millions of engineers graduating in India every year compete with each other to get a job in the aforementioned IT companies. These companies are, in fact, the most preferred ones in the IT industry both in terms of salary and reputation.