Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 07 2017

​Survey reveals that FMCG is the highest paying industry in India

FMCG is followed by power and the IT sector, where employees across all levels and functions earn average annual salaries at Rs 9.8 lakh and Rs 9.3 lakh, respectively, the 2017 Salary Trends Study released by Randstad said.

The FMCG industry has emerged as the highest paying industry in India with an average annual cost to company (CTC) of Rs 11.3 lakh across all levels and functions, says a survey.

A robust demand for qualified personnel in sales, marketing and supply chain management roles coupled with close to 30 per cent of jobs being posted in over 10 lakh category is being seen as the primary driver for FMCG industry to emerge as the winner.

FMCG is followed by power and the IT sector, where employees across all levels and functions earn average annual salaries at Rs 9.8 lakh and Rs 9.3 lakh, respectively, the 2017 Salary Trends Study released by Randstad said.

Pharma and healthcare, offering an average annual CTC of Rs 8.8 lakh, and telecom (at Rs 8.7 lakh) take the fourth and fifth position in the list as India's most lucrative industries, the study noted.

Moorthy K Uppaluri, MD & CEO, Randstad India, said, "Today employers are cognizant of the fact that the right salary structure is one of the key strategies to attract, engage and retain top talent in the organisation and hence it is important to closely analyse the prevalent salary trends and make course corrections wherever necessary."

As per location-specific salary trends, IT capital Bangalore tops the chart as the highest paying city in the country, with an average annual CTC paid for talent across all levels and functions at Rs 14.6 lakh.

Mumbai is at the second position in the list with an average annual CTC figure of Rs 14.2 lakh, followed by Hyderabad (Rs 13.6 lakh) and NCR (Rs 13.5 lakh).

Chennai (Rs 13.4 lakh) Pune (Rs 13.2 lakh) and Kolkata (Rs 11.4 lakh) are the next three names in the list of top Indian cities paying highest average salaries for professionals.

The study also listed "Hot Jobs" - roles that are experiencing strong demand right now in the job market, across industries and pay relatively higher remunerations for talent in the 6-10 years experience bracket, when compared to other professionals in the same salary range.

Core Java professionals lead the pack with an average annual CTC at Rs 18.06 lakh, followed by Digital Marketing professionals with Rs 17.09 lakh and Testing Automation Engineers with Rs 14.67 lakh.

Comment
Related opportunities
  • Quick Service Restaurants
    About Us: This quintessential restaurant will transport you to a European..
    Locations looking for expansion Andhra pradesh
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Designer Wear
    About : Started in 2014, H&S sources its fabric from Italian..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Legends of Punjab serves exclusive North Indian food in..
    Locations looking for expansion Gujarat
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Ice creams & Yogurt Parlors
    About Us: Established in 2016, Pop Hop is a unique and..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities