According to a study by LinkedIn, Bangalore pays the highest salaries, and the best packages are offered to hardware and networking professionals in the area of chip designing and new-age networking.
While Bengaluru boasts of an average weighted compensation of Rs 12 lakh, Mumbai and Delhi come in second at Rs 9 lakh each. Hardware and networking professionals earn about 15 lakhs annually, followed by software professionals at Rs 12 lakhs, and consumer professionals at Rs 9 lakh.
With a lot of chip-designing implementation work having moved to India, salaries have jumped in the VLSI area, that is, very-large scale integration. This process creates an integrated circuit (IC) that combines thousands of transistors /devices into a single chip. Physical design engineers apparently earn up to five times more than their experience.
Salaries are going up in the software and new digital technologies sector too, with AI and machine learning professionals being in great demand. Professional programmers who also happen to have a deep understanding of a domain stand to gain immensely as they are offered very good packages.
Hindustan Lever, P&G, Britannia and other consumer packaged goods companies remain amongst the most sought-after companies when it comes to campus recruitments at the best B-schools of the country. The highest paying titles in India are director of engineering, chief operating officer, executive director, VP-sales, and senior programme manager.