Salary Guide 2024 Report with respect to candidates perspective

Salary Guide 2024
Navigating Market Value, Empowering Financial Futures
INDIA

Page Insights India • Salary Guide 2024 • 2
v1w.1803
The Page Insights Salary Guide is an
indispensable annual resource that offers hiring
managers and job seekers salary references
across various industries and job functions. This
guide equips stakeholders with the essential data
needed to navigate the complexities of the hiring
landscape with confidence.
The intelligence within the Page Insights
Salary Guide is meticulously curated from our
proprietary datasets and expansive network
across India. It encapsulates a broad analysis of
job advertisements, successful job placements
and market intel in 2023, and salary projections
for 2024.
Experienced consultants actively involved
in recruiting within these areas meticulously
reviewed all salary data. Adjustments were made
where sufficient evidence indicated variations
from the expected salary levels.
This robust methodology ensures our guide
remains a cornerstone for strategic decision-
making in talent acquisition and career
advancement.
In the dynamic landscape of talent acquisition, it
is crucial to understand that salaries can fluctuate
widely, influenced by factors such as industry,
company size, experience, qualifications, and
skills. For insights tailored to your unique needs,
our consultants stand ready to dive deep into
your specific queries.
The limitation of this report should be
acknowledged. As we primarily utilise our own
data, the reported salaries may be more reflective
of our clientele than the broader market. Users
are encouraged to approach the findings with
an awareness of this limitation and seek further
clarification if needed.
Exclusive Market Intelligence: Leveraging Our
Proprietary Data for 2024 Salary Projections
Methodology

Contents
Foreword 4
India Outlook 2024 5
Banking & Financial Services 6
Engineering & Manufacturing 29
Finance & Accounting 35
Healthcare & Life Sciences 40
Human Resources 48
Legal, CS & Compliance 54
Procurement & Supply Chain 59
Property & Construction 65
Sales & Marketing 69
Technology 80
About PageGroup 87
Connect with us 88

The employment landscape in India for 2024
unveils a compelling tapestry of opportunities,
underscoring an economy that is not only buoyant
but also surpassing its pre-COVID performance.
The IT services industry, a cornerstone of
the Indian economy, is witnessing a phase of
recalibration. Companies are moderating their
approach to salary increments, with hikes
expected to be around 8%-10%. This marks a
notable shift from the previous trend of significant
pay increases.
The sense of resilience and positivity extends
across various sectors. Industries like consumer,
renewables, finance, and healthcare are
flourishing, bolstered by investments from local
and domestic companies.
Looking at the broader Asian landscape, while
some countries face economic headwinds,
India continues to shine with a remarkable 6%
GDP growth – an enviable statistic for any large
economy globally. This economic vibrancy,
coupled with significant domestic investments
and a degree of independence from external
factors, positions India uniquely in the region,
even amidst global challenges.
In the tech sector, roles in emergent fields like
generative AI technology are drawing significant
attention, with companies eagerly seeking talent,
albeit with evolving role definitions.
As we delve deeper into 2024, the employment
narrative in India is about more than just salaries.
Flexibility, work culture, and professional growth
opportunities are increasingly pivotal in job
transitions, reflecting a maturing and holistic
employment ecosystem.
With India’s economy displaying such resilience
and optimism, and surpassing its pre-COVID
performance, the focus is now on harnessing this
potential. Nurturing talent and fostering innovation
are key to ensuring a prosperous future for all
stakeholders involved.
As we navigate through 2024, understanding and
adapting to India’s unique employment landscape
will be vital for businesses seeking to thrive in this
vibrant market.
A Resilient Economy Fuels a
New Era of Opportunity
Nicolas Dumoulin
Senior Managing Director,
India, Philippines,
Thailand & Vietnam
PageGroup

Average annual
salary increase
within current job
Senior
Junior Mid
7-20%
7-15%
7-12%
Average salary
increase when
switching jobs
Senior
Junior Mid
25-40%
20-30%
15-25%
India Outlook 2024
Traditional industries are driving hiring activity.
Manufacturing and operations roles continue
to be in high demand.
Demand for data, generative AI, and machine learning
professionals is increasing across sectors.
A growth in demand for compliance and sustainability
experts is expected in 2024.
Global Capability Centres (GCCs) are seeing a notable
increase in talent demand.
The focus this year is on the renewables, electric
vehicles (EV), and automotive sectors.

Banking &
Financial Services

Average salary
increase when
switching jobs
Senior
Junior Mid
30-35%
25-30%
20-25%
Top Hiring industries
Banks
Banks
Venture Capital / Private Equity
Venture Capital / Private Equity
Insurance
Insurance
Skills in demand
Roles in demand
Actuarial
Actuarial
Associate / Vice President - PE / VC Funds
Associate / Vice President - PE / VC Funds
Fund Raising
Fund Raising
CTO / Head Engineering / VP Engineering
CTO / Head Engineering / VP Engineering
Product Development
Product Development
Relationship Managers
Relationship Managers
Others
Beyond just offering competitive
compensation and benefits,
employers now prioritise training,
remote work, flexibility, mental
health initiatives, DE&I, and bonus
programs.
Compensation & benefits trends
Incentives
Anticipated normalisation of annual
raises this year, contrasting with last
year’s hikes.
Banking &
Financial Services

Banking & Financial Services
General
Private Equity & Venture Capital
ROLE / SENIORITY
FOR 12 MONTHS
BASE SALARY RANGE INR Lacs
ASSOCIATE VP DIRECTOR MANAGING DIRECTOR
MIN AVG MAX MIN AVG MAX MIN AVG MAX MIN AVG MAX
Global Fund 60 75 120 130 150 200 185 250 400 400 500 600
Fund Size USD 500M - USD 1B 40 55 70 75 90 110 100 130 180 150 200 250
Fund Size <USD 500M 30 40 50 50 65 80 75 90 120 120 150 200
Tier 1 Investment Banking
MNC Banks
ROLE / SENIORITY
FOR 12 MONTHS
Corporate Finance / Mergers &
Acquisitions (M&A)
55 80 90 100 120 140 140 170 200 250 300 400

Tier 2 Investment Banking
Domestic Financial Institutions
ROLE / SENIORITY
FOR 12 MONTHS
Corporate Finance / Mergers &
Acquisitions (M&A)
25 35 45 45 60 85 75 90 105 110 140 180
Private Banking
MNC Banks
ROLE / SENIORITY
FOR 12 MONTHS
Private Banker 15 23 30 30 50 70 50 75 120 130 178 225

Private Banking
Domestic Financial Institutions
ROLE / SENIORITY
FOR 12 MONTHS
Banks 10 20 20 20 43 60 60 68 90 100 140 150
Non Banks 10 20 25 25 43 70 70 68 90 100 140 130
Corporate Banking (Sales Function)
ROLE / SENIORITY
FOR 12 MONTHS
AVP VP DIRECTOR MANAGING DIRECTOR
MNC Banks 19 24 30 28 55 90 80 100 130 125 175 250
Domestic Banks 16 21 25 25 40 70 60 80 120 120 150 250
NBFCs 14 18 25 25 32 45 50 60 80 100 120 180

Corporate Banking (Risk Function)
ROLE / SENIORITY
FOR 12 MONTHS
MNC Banks 18 24 28 30 45 80 70 80 110 100 150 180
Domestic Banks 16 20 25 30 35 65 55 75 100 100 125 180
NBFCs 18 24 30 28 40 45 50 72 90 80 120 180
Corporate Banking (Product Function)
ROLE / SENIORITY
FOR 12 MONTHS
MNC Banks 17 20 25 35 50 80 75 85 110 120 150 225
Domestic Banks 14 18 22 35 45 65 60 75 100 100 130 225
NBFCs / Fintechs 16 21 26 35 45 60 60 80 100 100 140 180

Commercial Banking (Sales Function)
ROLE / SENIORITY
FOR 12 MONTHS
MNC Banks 12 18 25 35 40 70 65 75 100 100 120 180
Domestic Banks 12 16 25 30 35 60 55 70 85 90 110 150
NBFCs 12 15 18 30 35 50 30 45 60 60 75 100
Commercial Banking (Risk Function)
ROLE / SENIORITY
FOR 12 MONTHS
MNC Banks 12 20 28 35 45 75 70 80 100 100 140 200
Domestic Banks 12 16 25 30 35 55 55 70 90 90 130 200
NBFCs 12 16 20 30 35 45 45 65 75 75 85 120

BFSI - Finance
ROLE / SENIORITY
FOR 12 MONTHS
Chief Financial Officer (CFO) - - - - - - 60 75 100 100 140 200
Financial Controller 20 25 30 30 40 50 50 60 70 70 85 100
Tax Accountant 20 22 26 30 38 45 45 55 60 70 75 80
Regulatory / Financial Reporting 20 25 30 30 38 45 45 60 70 75 85 100
Business Finance / FP&A + MIS 20 25 30 30 38 45 45 55 70 70 90 110
Treasury / Fund Raising 20 25 30 30 40 50 50 65 75 80 100 120

Tier 1 Audit, Compliance & Risk
MNC Banks & Captives
ROLE / SENIORITY
FOR 12 MONTHS
Internal Audit 22 27 32 32 46 60 50 70 100 80 100 130
Know Your Customer (KYC) / Anti Money
Laundering (AML)
20 25 30 30 40 50 45 60 70 70 80 90
Regulatory Compliance 22 27 32 32 46 60 50 65 80 80 90 100
Market Risk 25 29 40 35 48 65 60 70 85 80 90 110
Credit Risk 22 27 32 32 43 50 50 65 80 80 90 100
Operational Risk 22 27 32 32 41 50 50 65 80 80 90 100

Tier 2 Audit, Compliance & Risk
Domestic financial institutions & third-party consulting companies providing solutions to banking clients
ROLE / SENIORITY
FOR 12 MONTHS
Internal Audit 20 24 28 28 37 45 45 58 70 75 83 90
Know Your Customer (KYC) / Anti Money
Laundering (AML)
22 27 32 32 41 50 50 65 80 80 85 90
Regulatory Compliance 20 24 28 28 37 50 45 58 70 75 83 90
Market Risk 22 27 35 32 43 50 50 65 80 80 85 90
Credit Risk 20 24 30 28 40 45 45 58 70 85 92 100
Operational Risk 20 24 28 28 37 45 45 58 70 80 85 90

Tier 1 Analytics
ROLE / SENIORITY
FOR 12 MONTHS
Marketing Analytics 23 29 35 35 44 52 52 66 80 85 93 100
Risk Analytics 23 29 35 35 44 52 52 66 80 85 93 100
Digital Analytics 23 29 35 35 44 52 52 66 80 85 93 100
Statistical Modeller 23 29 35 35 44 52 52 66 80 85 93 100
Analytics Consulting 25 31 37 38 45 52 55 68 80 85 93 100
Big Data / Machine Learning 25 33 40 40 50 60 60 80 100 100 110 120
Data Scientist 25 33 40 40 50 60 60 80 100 100 110 120

Tier 2 Analytics
ROLE / SENIORITY
FOR 12 MONTHS
Marketing Analytics 20 25 30 30 38 45 45 60 75 75 85 95
Risk Analytics 20 25 30 30 38 45 45 60 75 75 85 95
Digital Analytics 20 25 30 30 38 45 45 60 75 75 85 95
Statistical Modeller 20 25 30 30 38 45 45 60 75 80 90 100
Analytics Consulting 20 26 32 32 40 47 50 65 80 85 93 100
Big Data / Machine Learning 25 30 35 35 43 50 60 75 90 90 105 120
Data Scientist 25 30 35 35 43 50 60 75 90 90 105 120

Tier 1 Operations
ROLE / SENIORITY
FOR 12 MONTHS
Head of Operations / Chief Operations
Officer (COO)
- - - - - - 60 75 90 90 105 120
Project Management 22 28 32 30 43 50 55 70 80 80 90 100
Quality 20 25 30 30 40 50 55 70 80 80 90 100
Transitions 20 25 30 30 40 50 55 70 80 80 90 100
Payments & Cash Management 20 25 30 30 40 50 55 70 80 80 90 100

Tier 2 Operations
ROLE / SENIORITY
FOR 12 MONTHS
Head of Operations / Chief Operations
Officer (COO)
- - - - - - 50 65 80 80 88 95
Project Management 20 23 28 30 34 42 45 55 70 65 73 80
Quality 18 23 28 28 34 40 45 55 65 65 73 80
Transitions 18 23 28 28 34 40 45 55 70 65 73 80
Payments & Cash Management 20 25 30 30 35 40 48 55 65 65 75 85

Tier 1 Operations (Middle Office)
ROLE / SENIORITY
FOR 12 MONTHS
Client Servicing 20 24 28 28 37 45 45 58 70 70 80 90
Trade Support / Capture 20 24 28 28 37 45 45 58 70 70 80 90
Reference Data 20 24 28 28 40 45 45 60 70 70 84 90
Corporate Actions 20 24 28 28 37 45 45 58 70 70 80 90
Business Management 22 27 32 32 40 50 50 65 80 80 90 120
Change Management 22 27 32 32 40 50 50 65 80 80 90 100
Fund Administration 22 29 35 32 42 50 50 65 80 80 90 100

Tier 2 Operations (Middle Office)
ROLE / SENIORITY
FOR 12 MONTHS
Client Servicing 18 23 28 28 34 40 45 55 65 65 73 80
Trade Support / Capture 18 23 28 28 34 40 45 55 65 65 73 80
Reference Data 18 24 28 28 35 40 45 57 65 65 75 90
Corporate Actions 18 23 28 28 34 40 45 55 65 65 73 80
Business Management 20 24 28 28 37 45 45 58 70 70 80 90
Change Management 20 24 28 28 37 45 45 58 70 70 80 90
Fund Administration 18 23 28 28 34 40 45 55 65 65 73 80

Tier 1 Operations (Back Office)
ROLE / SENIORITY
FOR 12 MONTHS
Collection 20 24 28 28 37 45 45 58 70 70 80 90
Settlement 20 24 28 28 37 45 45 58 70 70 80 90
Reconciliation 20 24 28 28 37 45 45 58 70 70 80 90
Documentation 20 24 28 28 37 45 45 58 70 70 80 90
Collateral Management 20 24 28 28 37 45 45 58 70 70 80 90
International Swaps and Derivatives
Association (ISDA) Documentation
20 24 28 28 37 45 45 58 70 70 80 90
Transaction Management 22 25 28 28 37 45 45 50 70 70 80 90
Trade Finance Operations 22 25 28 28 37 45 50 58 70 70 80 90
Credit Administration / Loan Operations 22 24 28 28 37 45 50 60 70 70 85 100

Tier 2 Operations (Back Office)
ROLE / SENIORITY
FOR 12 MONTHS
Collection 18 23 28 28 34 40 45 55 65 70 80 90
Settlement 18 23 28 28 34 40 45 55 65 70 80 90
Reconciliation 18 23 28 28 34 40 45 55 65 70 80 90
Documentation 18 23 28 28 34 40 45 55 65 70 80 90
Collateral Management 18 23 28 28 34 40 45 55 65 70 80 90
International Swaps and Derivatives
Association (ISDA) Documentation
18 23 28 28 34 40 45 55 65 70 80 90
Transaction Management 18 23 28 28 34 40 45 55 65 70 80 90
Trade Finance Operations 18 24 28 28 35 40 45 55 68 75 80 90
Credit Administration / Loan Operations 18 23 28 28 34 40 50 55 65 75 85 100

Tier 1 Finance (Finance Project)
ROLE / SENIORITY
FOR 12 MONTHS
Business Analyst / Change Management 20 30 35 35 42 50 55 68 80 90 105 120
Tier 2 Finance (Finance Project)
ROLE / SENIORITY
FOR 12 MONTHS
Business Analyst / Change Management 18 21 25 25 35 40 45 55 65 65 73 80

Tier 1 Finance (Product Control)
ROLE / SENIORITY
FOR 12 MONTHS
Money Market 25 30 35 35 48 60 60 80 100 80 105 130
Equities 25 30 35 35 48 60 60 80 100 80 105 130
Commodities & Derivatives 25 30 35 35 48 60 60 80 100 80 105 130
Tier 2 Finance (Product Control)
ROLE / SENIORITY
FOR 12 MONTHS
Money Market 18 23 28 28 34 40 45 55 65 65 78 90
Equities 18 23 28 28 34 40 45 55 65 65 78 90
Commodities & Derivatives 18 23 28 28 34 40 45 55 65 65 78 90

Insurance Companies
Actuarial - Life Insurance
YEARS OF EXPERIENCE / PAPERS CLEARED >>
FOR 12 MONTHS
<5 5-10 10-13 >13
<5 6-10 10-15 18-25 20-30
5-7 10-15 15-18 22-30 30-40
7-10 15-20 20-25 30-40 40-55
10-15 20-25 25-30 40-55 55-70
>15 25-30 30-35 55-70 70-110
Appointed Actuary NA NA NA 130-200
Actuarial - General Insurance
YEARS OF EXPERIENCE / PAPERS CLEARED >>
FOR 12 MONTHS
<5 5-10 10-13 >13
<5 6-10 10-15 18-25 20-30
5-7 10-15 15-18 22-30 30-40
7-10 15-20 20-25 30-40 40-50
10-15 20-25 25-30 40-50 50-65
>15 25-30 30-35 50-70 65-80
Appointed Actuary NA NA NA 110 - 200

Insurance Companies
ROLE / SENIORITY
FOR 12 MONTHS
MANAGER & SENIOR MANAGER AVP DVP / VP SVP
Product 11 15 20 20 23 27 30 36 45 54 68 75
Strategic Alliances 11 13 18 22 26 29 33 40 45 55 70 100
Key Account Management 10 12 16 15 19 25 27 33 39 45 52 70
Claims / Underwriting (UW) 8 10 14 16 18 22 25 33 38 45 65 80
Insurance Companies
ROLE / SENIORITY
FOR 12 MONTHS
AREA MANAGER REGIONAL MANAGER ZONAL MANAGER NATIONAL HEAD
Agency / Bancassurance Sales 18 20 23 22 27 35 50 70 90 80 100 150
Insurance Broking
ROLE / SENIORITY
FOR 12 MONTHS
MANAGER & SENIOR MANAGER AVP DVP / VP SVP
Claims / Underwriting (UW) 10 13 16 18 25 27 30 35 37 50 56 65

Strategy Consulting
ROLE / SENIORITY
FOR 12 MONTHS
BUSINESS ANALYST
(PRE MBA)
ASSOCIATE / JUNIOR
CONSULTANT (POST MBA)
ENGAGEMENT MANAGER /
PROJECT LEADER
ASSOCIATE PARTNER /
PRINCIPAL
EARLY / JUNIOR PARTNER
MIN AVG MAX MIN AVG MAX MIN AVG MAX MIN AVG MAX MIN AVG MAX
Tier 1 Global Firms 16 18 21 32 35 38 58 62 70 75 85 95 125 140 150
Consulting arm of Accounting / Audit /
Technology firms
10 12 15 28 30 35 35 42 48 50 60 65 95 105 120
Global Boutique Firms 14 18 22 30 35 40 50 60 75 75 85 100 110 135 155
Domestic Boutique Firms 10 12 18 22 25 30 32 40 50 55 65 70 90 110 130

Engineering &
Manufacturing

Automotive
Automotive
Renewables
Renewables
FMCG
FMCG
Skills in demand
Roles in demand
Mechanical / Electrical / Mechantronics Engineering
Mechanical / Electrical / Mechantronics Engineering
Design Engineering / Heads
Design Engineering / Heads
Plant Operations
Plant Operations
Head R&D / Technology Heads
Head R&D / Technology Heads
Chemical Engineering
Chemical Engineering
Site Operations
Site Operations
Others
Retention bonuses / LTIPs / ESOPs
are getting implemented for better
wealth creation.
Incentives
Indian Promoter Organisations
readily invest in senior talent
despite higher costs.
Engineering &
Manufacturing
Average salary
increase when
switching jobs
Senior
Junior Mid
33-38%
28-35%
20-25%

Manufacturing
ROLE / YEARS OF EXPERIENCE
FOR 12 MONTHS
3 - 5 YEARS 5 - 10 YEARS 10 - 15 YEARS 15+ YEARS
Utilities and Controls 6 8 10 11 18 25 26 38 50 30 45 60+
Maintenance Manager 8 10 14 16 24 32 36 43 50 45 55 65+
Production / Manufacturing Manager 10 15 20 20 30 40 40 55 70 - - -
Quality Assurance / Control 6 9 12 12 19 26 31 38 45 - - -
Quality Director - - - - - - 35 50 65 55 70 100+
Process Safety 5 10 15 20 30 40 40 50 60 - - -
Health, Safety and Environment (HSE)
Manager / Head
5 10 15 18 24 30 40 50 60 60 90 150+
Process / Operational Excellence /
Business Excellence
10 15 20 22 36 50 45 60 75 60 90 120+
Plant / Site Head - - - - - - 46 63 80 60 120 175+
Head of Manufacturing / Operations /
Chief Operations Officer (COO)
- - - - - - - - - 70 155 250+
Engineering & Manufacturing

Engineering
FOR 12 MONTHS
Construction Manager / Director 6 8 10 15 22.5 30 27 36 45 40 47 65+
Project Engineer 6 9 12 18 23 32 - - - - - -
Project / Program Director - - - - - - 40 45 65 70 93 125+
Civil / Electrical / Mechanical /
Instrumentation Engineer
6 13 20 15 28 40 40 53 66 60 80 100+
Head of Department (Engineering) - - - - - - 40 55 70 70 100 140+
Project Director - - - - - - 50 63 76 70 120 175+
Chief Technical Officer - - - - - - - - - 80 120 150+

Projects / Technical Services
FOR 12 MONTHS
Field Service Engineer / Technician 6 11 15 - - - - - - - - -
Technical Sales Engineer 6 11 15 18 24 30 - - - - - -
Technical Sales /
Application Sales Manager
- - - - - - 30 45 60 - - -
Technical Heads - - - - - - - - - 60 90 130+
Service Manager / Supervisor - - - 10 20 30 - - - - - -
Project Coordination - - - 20 28 35 30 40 50 50 65 80+
Chief Technical Officer - - - - - - - - - 80 120 150+

Research & Development (R&D)
FOR 12 MONTHS
Application Engineer 6 8 10 14 21 28 - - - - - -
Product Design Engineer 6 8 10 12 18 24 - - - - - -
Test Engineer 6 8 10 12 17 22 - - - - - -
Project Manager - - - 17 25 33 32 51 70 - - -
Electronic / Product Architects - - - 22 34 46 50 70 90 - - -
NPD / Scientist - - - 20 30 40 50 60 70 - - -
Head of R&D - - - - - - 46 63 80 100 150 250+
Chief Technology Officer - - - - - - - - - 100 150 180+
Chief Scientific Officer - - - - - - - - - 100 150 180+

Finance &
Accounting

Internet
Internet
Clean Energy (Renewable, EV etc)
Clean Energy (Renewable, EV etc)
Industrial / Automotive
Industrial / Automotive
Skills in demand
Roles in demand
IPO
IPO
Controllers / CFOs with IPO Exp
Controllers / CFOs with IPO Exp
Business Finance
Business Finance
Project Finance (Debt raise)
Project Finance (Debt raise)
Fund Raising
Fund Raising
Business Finance
Business Finance
Incentives
Many MNCs now hire Deputy CFOs
for CFO succession planning instead
of directly recruiting external CFOs.
Established organisations are more
willing to offer retention bonuses /
LTIs to retain senior talent.
Mid-sized organisations are
increasingly open to offer competitive
salaries to attract finance heads from
larger firms.
Finance & Accounting
Average salary
increase when
switching jobs
Senior
Junior Mid
35%
30%
22%

General
FOR 12 MONTHS
CFO / Finance Director 10,000 Cr+ - - - - - - - - - 175 400 800
CFO / Finance Director 1,000 Cr - 10,000
Cr
- - - - - - - - - 150 200 400
CFO / Finance Director 200 Cr - 1,000 Cr - - - - - - 75 100 120 85 120 200
CFO with Fund Raising / IPO - - - - - - 95 120 160 120 185 300
GM Finance / Financial Controller 10,000
Cr+
- - - - - - 80 95 110 100 150 225
GM Finance / Financial Controller 1,000 Cr
- 10,000 Cr
- - - 35 40 50 40 60 80 50 95 120
Finance Manager 18 25 32 20 35 60 28 40 65 32 45 65

Specialist
FOR 12 MONTHS
Chief Investment Officer - Family Office - - - - - - 65 80 100 80 125 200
FP&A / Business Controller 18 25 32 28 45 65 42 65 90 60 100 150
Financial Analyst / Business Analyst /
Strategy (Premier Business School MBA)
22 28 35 25 40 60 50 75 90 75 120 200
Corporate Finance - M&A, IR, Fund Raising 22 25 30 28 50 70 50 90 120 75 120 200
Treasury 12 16 25 15 25 45 40 75 90 50 100 200
Commercial - Sales, Supply Chain 15 18 20 15 30 40 30 50 75 65 85 120
Manufacturing / Plant Controller 12 16 20 15 23 30 25 35 50 35 58 85
Financial Accounting / Consolidation /
Statutory Reporting
12 17 25 22 35 40 35 55 70 50 75 110
Internal Audit / Controls / Risk 12 18 25 20 35 45 40 60 90 50 90 250
Tax - GST (Indirect) 12 15 25 15 28 45 38 49 60 45 70 90
Tax - Direct / International 12 17 25 20 34 45 40 58 75 50 85 100
Mixed Tax 12 18 27 20 35 55 40 65 90 75 110 250

Shared Services
FOR 12 MONTHS
Head - Finance Shared Services - - - - - - 50 65 80 75 115 250
Financial Accounting / Record to Report
Ops
12 17 25 15 28 40 30 50 75 50 65 140
MIS / Decision Support / FP&A 12 17 25 15 24 40 30 50 75 50 65 140
Accounts Receivable / Order to Cash Ops 10 12 15 12 25 35 25 40 60 45 55 120
Accounts Payable / Procure to Pay Ops 10 12 15 12 25 35 25 40 60 45 55 120
Finance Transformation / Change
Management
12 15 25 20 30 45 30 50 70 40 65 100
Transitions 10 12 14 14 24 40 30 45 65 35 47 75
Process Design / Global Process Owner - - - 15 25 40 30 45 70 50 90 150

Healthcare &
Life Sciences

Medical Devices
Medical Devices
Pharma / API
Pharma / API
Healthcare Consulting
Healthcare Consulting
Skills in demand
Roles in demand
Business Development / Marketing
Business Development / Marketing
Sales & Marketing, BD
Sales & Marketing, BD
Market Access
Market Access
Commercial Excellence & Strategy
Commercial Excellence & Strategy
Strategy
Strategy
Medical Affairs
Medical Affairs
Digital Transformation
Digital Transformation
Others
Greater focus on benefits
including insurance, car
allowances, and flexibility.
Incentives
New-age startups are including
ESOPs in their retention strategies.
Healthcare & Life Sciences
Average salary
increase when
switching jobs
Senior
Junior Mid
25-35%
30-35%
20-25%

Sales
Pharmaceutical
FOR 12 MONTHS
3 - 5 YEARS 5 - 10 YEARS 10 - 15 YEARS 15 - 25 YEARS 25+ YEARS
Sales 10 12 25 12 18 30 25 40 55 30 50 70 45 80 120
Sales (Candidates with pedigree) 15 22 35 25 35 50 50 70 90 80 100 120 100 200 300
Medical Devices
FOR 12 MONTHS
Sales 8 12 15 15 25 32 30 35 60 50 60 80 70 100 130

Marketing
Pharmaceutical
ROLE / SENIORITY
FOR 12 MONTHS
Marketing 10 15 28 12 25 35 20 35 50 35 50 70 - - -
Marketing (Candidates with pedigree) 15 20 30 22 30 55 40 50 70 60 85 120 - - -
Digital Marketing 10 15 18 15 24 30 20 35 50 40 50 65 - - -
Market Access 20 25 30 18 20 35 28 32 45 50 70 90 70 90 120
Communications and CSR 15 20 25 10 17 40 25 30 50 35 50 65 60 70 150
Medical Devices / Life Sciences
FOR 12 MONTHS
Marketing 15 22 35 30 40 60 40 50 75 50 70 100 65 95 200
Digital Marketing 15 14 18 20 25 35 30 40 50 40 55 70 50 65 100
Communications and CSR 10 12 15 10 18 25 25 32 40 40 50 65 60 70 80

Healthcare Providers
Hospitals & Lab Chains
FOR 12 MONTHS
Sales 10 12 15 15 22 30 25 40 55 45 65 85 100 95 200
Marketing 8 15 20 20 27 35 30 45 60 40 70 100 60 90 120
Operations - - - 10 20 30 35 42 50 40 55 70 80 120 150
Ancillary Healthcare Companies
FOR 12 MONTHS
Sales 15 20 25 30 42 55 50 65 80 80 100 150 85 175 250
Marketing 12 16 20 20 35 50 40 55 70 70 80 120 80 100 200
Operations 8 14 20 25 32 40 40 50 60 65 72 80 75 92 130

Others - Techno Commercial & Technical
Pharmaceutical / Medical Devices / Life Sciences
FOR 12 MONTHS
Business Excellence / Strategy 20 35 50 20 50 80 30 60 90 55 80 100 90 150 200
SFE / SFA / Training 10 15 20 15 25 35 25 30 40 40 55 80 50 70 120
Medical / Regulatory Affairs 12 19 35 18 30 45 40 50 75 65 90 120 100 130 150
Government / Corporate Affairs 10 15 30 20 25 35 25 40 55 45 90 150 90 120 220
Quality & Compliance
FOR 12 MONTHS
Corporate Quality Assurance - - - 8 14 20 18 32 50 45 83 120 80 140 200
Manufacturing Quality 4 8 12 8 15 25 25 35 45 40 75 110 80 100 130
Quality Assurance and Regulatory Affairs 6 9 15 15 23 35 28 39 50 50 70 150 65 93 180
Quality Control 5 15 20 7 25 30 25 60 80 45 100 150 60 150 200

Operations
FOR 12 MONTHS
Production 7 11 15 15 22.5 30 40 50 60 65 80 95 100 90 200
Engineering 6 9 12 12 20 25 30 40 50 50 65 85 90 110 130
Environment, Health and Safety (EHS) - - - 20 25 30 25 35 50 55 65 75 85 112 140
Operation Excellence - - - 15 25 35 25 35 50 45 57.5 70 65 75 85
Contract Manufacturing - - - 10 20 30 30 42 55 50 60 70 75 102 130
Procurement and Supply Chain
FOR 12 MONTHS
Direct Procurement - - 24 22 36 50 50 65 80 75 87.5 100 90 125 160
Indirect Procurement - - 22 20 30 40 35 50 65 65 78 90 85 113 140
Supply Chain 15 20 25 24 42 60 50 63 75 70 83 95 98 134 170
Logistics 8 13 18 17 24 30 27 36 45 42 56 70 67 89 110
Planning 9 15.5 22 20 30 40 35 48 65 60 80 100 95 123 150

Research and Development
FOR 12 MONTHS
Clinical Operations 8 11.5 15 15 25 35 40 55 70 70 82.5 95 90 108 125
Technical R&D 8 12 16 20 28 35 30 45 60 70 90 110 100 130 160

Human Resources

E-commerce / Technology
E-commerce / Technology
Consumer & Retail
Consumer & Retail
IT Services & Consulting
IT Services & Consulting
Skills in demand
Roles in demand
Recruitment
Recruitment
Compensation & Benefits
Compensation & Benefits
Employee Engagement
Employee Engagement
Head of Human Resources
Head of Human Resources
DE&I
DE&I
Talent Acquisition
Talent Acquisition
Others
Tax friendly salary structures.
More inclination towards equity and
wealth creation opportunities.
Incentives
Higher emphasis on benefits.
Human Resources
Average salary
increase when
switching jobs
Senior
Mid
20%-35%
10-22%

Commerce & Industry
Large & Middle Capital Companies / Listed Organisations
FOR 12 MONTHS
Head of Human Resources (Large
Companies)
- - - - - - - - - 100 250 300
Head of Human Resources (Small / Medium
Sized Companies)
- - - 35 47 60 65 80 95 80 120 200
HR Generalist / Business Partner - - - 20 34 50 42 58 74 55 68 120
Learning & Development - - - 18 27 40 40 50 60 60 65 80
Compensation & Benefits - - - 30 40 45 45 50 65 65 90 120
Talent Acquisition - - - 30 35 50 50 54 65 65 80 120
Talent Management / Organisational
Development (OD)
- - - 35 40 47 47 53 58 60 75 120
Industrial Relations - - - 21 27 35 37 48 58 55 65 75
HR Operations / Payroll / HRIS - - - 19 23 26 32 37 42 45 55 90
HR Consulting - - - 37 45 53 53 64 74 70 85 100
Human Resources

Small Capital Companies / Non-listed Organisations
FOR 12 MONTHS
Companies)
- - - - - - 50 65 80 60 90 150
Sized Companies)
- - - 25 30 35 35 39 45 45 63 100
Talent Management / Organisational
Development (OD)
- - - 25 30 35 35 40 45 45 55 80
Industrial Relations - - - 15 18 20 15 20 25 25 40 55
HR Consulting - - - 25 30 35 35 43 50 50 63 75
Human Resources

Large & Middle Capital Companies / Listed Organisations
FOR 12 MONTHS
Companies)
- - - - - - - - - 150 250 350
Sized Companies)
- - - - - - 55 63 70 70 95 120
Employee Relations - - - 25 35 45 45 63 80 80 95 110
Human Resources

Small Capital Companies / Non-listed Organisations
FOR 12 MONTHS
Companies)
- - - - - - - - - 60 80 100
Sized Companies)
- - - - - - 30 40 50 50 63 75
HR Consulting - - - 25 30 35 35 43 50 50 63 75
Human Resources

Legal, CS & Compliance

FMCG and Pharma
FMCG and Pharma
Infrastructure / Real Estate
Infrastructure / Real Estate
Engineering and Automation
Engineering and Automation
Skills in demand
Roles in demand
Data Privacy
Data Privacy
Head of Legal
Head of Legal
Compliance - Regulatory and Integrity
Compliance - Regulatory and Integrity
IPO / Listing experience
IPO / Listing experience
M&A and Fund Raise
M&A and Fund Raise
Contract Drafting and Negotiation
Contract Drafting and Negotiation
Commercial Counsel
Commercial Counsel
Others
Increased pay band flexibility for
hiring lawyers.
Flexibility in benefits is crucial for
attracting lawyers.
Incentives
Law firms offer high premiums for
talent attraction and retention.
Average salary
increase when
switching jobs
Senior
Junior Mid
20-30%
20-25%
15-25%

Lawyer - In-house
FOR 12 MONTHS
3 - 5 YEARS PQE 5 - 10 YEARS PQE 10 - 15 YEARS PQE 15+ YEARS PQE
Lawyer - Emerging Tech (Consumer Tech,
Fintech etc.)
15 25 40 30 50 80 50 75 125 100 130 -
Lawyer - Financial Services - Front Office
(IB, PE, VC, Capital Markets)
30 35 50 45 65 110 70 120 175 120 180 -
Lawyer - Financial Services - Others 12 18 30 25 35 60 50 65 85 80 130 -
Lawyer - Manufacturing (B2B) 10 15 30 20 40 60 45 65 100 80 125 -
Lawyer - Manufacturing (B2C and Pharma) 15 22 35 30 45 75 55 75 120 65 120 -
Lawyer - Energy, Infrastructure and
Renewables
15 25 45 30 45 75 65 80 125 80 130 -
Lawyer - Real Estate & Warehousing (Land
and DD)
8 15 20 25 35 50 40 50 70 50 75 -
Lawyer - Real Estate & Warehousing
(Commercial & Transaction)
15 22 30 25 45 70 65 80 125 100 130 -
Lawyer - IT / ITeS and Shared Services 7 13 18 15 22 30 35 47 60 40 70 -
Lawyer - Others 7 11 15 18 29 40 30 50 70 65 100 -
*Candidates from premium law schools or past law firm experience at a premium of 10 to 40 pc. The numbers above are on Salary Model.

Lawyer - Private Practice
FOR 12 MONTHS
ASSOCIATE SENIOR ASSOCIATE PRINCIPAL ASSOCIATE/ COUNSEL PARTNER
Lawyer - Private Practice (Tier 1) 16 21 32 32 45 58 50 65 80 85 - -
Company Secretaries (In-house)
FOR 12 MONTHS
Company Secretary (Listed) 12 18 25 20 35 50 40 45 80 50 80 -
Company Secretary (Unlisted) 5 5 8 10 16 22 20 32 45 35 - -
*(IPO experience will have a premium of 15-30%)

Compliance - Ethics & Investigation Counsels (In-house)
FOR 12 MONTHS
Ethics & Investigation Counsels 12 18 30 25 32 50 40 55 80 60 80 150
Statutory and Regulatory Compliance 8 15 20 22 35 45 40 55 70 60 75 -

Procurement &
Supply Chain

Automotive
Automotive
FMCG and FMCD
FMCG and FMCD
Renewables
Renewables
Skills in demand
Roles in demand
Procurement
Procurement
Strategic Sourcing /
Procurement and Contracts Lead
Strategic Sourcing /
Procurement and Contracts Lead
Quality
Quality
Logistics and Distribution
Logistics and Distribution
Planning & Logistics
Planning & Logistics
Head of Supply Chain
Head of Supply Chain
Others
Promising annual increments for
top performers.
Incentives
Joining bonuses and Long-Term
Incentive Plans (LTIPs).
Procurement & Supply Chain
Average salary
increase when
switching jobs
Senior
Junior Mid
33-38%
28-35%
20-25%

FMCG / Retail & E-commerce / Logistics and Shipping
Top Business Graduates
FOR 12 MONTHS
Procurement 18 25 35 40 52.5 65 60 80 100 100 135 175+
Logistics (Including Transportation,
Warehousing)
18 25 30 30 45 60 60 80 100 80 100 120+
Supply Chain 18 23 32 30 50 70 50 75 100 80 140 200
Strategic Sourcing 18 23 35 40 55 70 65 83 100 90 120 150+
Planning 18 25 35 30 50 70 50 75 100 80 100 120+
Sustainability 15 23 30 35 48 60 60 75 90 - - -

Non-Business School Graduates
FOR 12 MONTHS
Procurement 8 12 15 15 27.5 40 32 40 60 50 98 150
Logistics (Including Transportation,
Warehousing)
8 12 15 15 25 35 26 38 50 45 83 120
Supply Chain 8 12 15 15 25 35 30 45 60 50 100 150
Sourcing 8 12 15 15 25 35 26 38 50 45 68 90
Planning 8 12 15 15 25 35 26 38 50 45 68 90
Sustainability 8 12 22 22 29 35 36 48 60 - - -

Captives / Shared Services
FOR 12 MONTHS
Procurement Manager 16 18 20 20 30 40 30 40 50 40 50 60
Customer Service - - - 20 30 40 30 40 50 60 70 80
Back-end Operations - - - 20 30 40 30 40 50 60 70 80
Vendor / Supplier Relationship Manager 16 18 20 20 30 40 30 40 50 40 50 60
Strategic Sourcing Leader / Manager 16 18 20 20 30 40 30 40 50 40 50 60
Category / Commodity Manager 16 18 20 20 30 40 30 40 50 40 50 60
GM / Head of Procurement - - - - - - 50 60 70 60 80 100
CPO / Director P2P - - - - - - 50 60 70 60 80 100

Industrial B2B Practices
FOR 12 MONTHS
Supply Chain - - - - - - 60 70 80 70 120 200+
Commercial Head - - - - - - - - - 80 120 150
Procurement 14 22 30 20 32 45 35 55 75 80 130 150
Logistics (including transportation and
warehousing)
14 20 25 20 30 40 35 45 55 50 75 100+
Sourcing 14 22 30 20 32 45 35 55 75 75 98 120
Supplier Quality 10 13 15 15 25 35 - - - - - -
Sustainability 15 23 30 35 48 60 60 75 90 - - -
Planning 8 12 15 15 25 35 40 50 60 75 98 120
Supply Chain Excellence 15 22 30 25 38 50 50 65 80 - - -

Property &
Construction

Residential Real Estate
Residential Real Estate
Commercial Real Estate
Commercial Real Estate
Industrial & Warehousing
Industrial & Warehousing
Skills in demand
Roles in demand
Sales
Sales
Leasing
Leasing
P&L Management
P&L Management
Business / P&L Head
Business / P&L Head
Project Management
Project Management
Real Estate Strategy
Real Estate Strategy
Others
Higher variable pay, joining
bonuses, and ESOPs are crucial
for attracting talent.
Incentives
Top performers receive 40-50%
salary increases.
Property & Construction
Average salary
increase when
switching jobs
Senior
Junior Mid
20-40% 20-40% 20-40%

Business Management
FOR 12 MONTHS
P&L Management - - - 35 45 65 50 75 100 70 110 300 90 150 500
Sales - - - 15 25 50 25 55 100 50 80 300 65 150 400
Marketing - - - 15 20 40 25 50 90 50 80 150 60 100 250
BD / Land Acquisition - - - 10 25 55 20 45 75 55 75 180 55 110 300
Leasing - - - 12 22 50 20 55 110 40 75 300 70 150 450
P&L & Operations
FOR 12 MONTHS
Property & Asset Management 10 15 20 15 35 50 30 60 100 50 80 225 75 110 300
Strategy 15 25 35 25 40 60 35 65 100 60 100 200 90 135 250
Executive Assistance 15 25 40 20 35 55 30 40 50 50 55 60 - - -
Facilities Management 10 15 20 20 30 20 35 45 50 40 75 170 50 90 275
CRM 10 15 15 15 30 15 35 40 50 35 60 100 45 80 150

Technical
FOR 12 MONTHS
Architecture & Design - - - 15 20 25 15 30 70 25 50 150 40 95 350
Project Management - - - 15 22 35 20 30 70 35 55 150 50 100 500
MEP - - - 15 20 30 12 30 60 25 50 150 40 80 300
Structural Engineering - - - 15 20 30 12 25 60 25 50 150 45 65 250
Health & Safety - - - 15 20 25 12 25 60 25 40 100 40 50 200
Quantity Surveying - - - 15 20 20 10 25 50 20 40 70 40 50 200
Planning & Coordination - - - 15 20 30 15 30 70 25 50 100 45 70 200
Contracts Management - - - 15 20 30 15 30 70 25 50 100 40 65 200

Sales & Marketing

FMCG, FMCD,
Industrial & Manufacturing
FMCG, FMCD,
Industrial & Manufacturing
D2C, Consumer Tech
D2C, Consumer Tech
Across Industry
Across Industry
Skills in demand
Roles in demand
Digital / Paid Marketing
Digital / Paid Marketing
Digital Marketing
Digital Marketing
Branding
Branding
Growth Manager / Leader
Growth Manager / Leader
Demand / Lead Generation
Demand / Lead Generation
Growth Head / Business Head
Growth Head / Business Head
Others
Annual increments are primarily in
ESOP form rather than significant
cash increases.
Incentives
Higher variable pay, joining
bonuses, and ESOPs are crucial
for attracting talent.
Sales & Marketing
Average salary
increase when
switching jobs
Senior
Junior Mid
25-40% 25-40%
20-30%

Consumer Goods (FMCG)
Candidates with Pedigree i.e. Top 20 Business Schools
FOR 12 MONTHS
Sales / Channel Management 20 26 32 30 50 70 40 70 100 80 120 200 120 140 200
E-commerce 22 29 36 40 60 80 90 105 120 NA NA NA NA NA NA
Brand / Category Management 20 26 32 30 50 70 40 70 100 100 125 150 120 140 200
Digital Marketing 18 24 30 30 45 60 40 65 90 NA NA NA NA NA NA
Communications / PR / CSR 15 17 20 20 30 40 30 43 55 60 105 150 100 125 150
Sales & Marketing

Pharmaceutical
FOR 12 MONTHS
Sales (Candidates with pedigree) 8 14 20 18 29 40 25 50 75 60 90 120
Marketing (Candidates with pedigree) 8 14 20 18 29 40 25 43 60 50 75 100
Sales 5 9 12 10 15 20 15 23 30 25 50 75
Marketing 5 8 10 8 12 15 15 20 25 20 40 60
Regulatory Affairs / QA / RA 5 9 12 10 16 22 22 31 40 35 43 50
Communications & CSR 6 11 15 12 20 28 25 35 45 30 45 60
Medical Affairs 8 13 18 12 26 40 30 45 60 50 85 120
Sales & Marketing

Medical Devices
FOR 12 MONTHS
Sales (Candidates with pedigree) 12 19 25 18 29 40 35 48 60 50 100 150
Marketing (Candidates with pedigree) 12 19 25 30 38 45 45 53 60 60 78 95
Sales 8 14 20 12 21 30 25 43 60 50 100 150
Marketing 12 17 22 22 28 34 35 40 45 45 65 85
Regulatory Affairs / QA / RA 10 12 15 12 18 22 22 30 40 35 43 50
Clinical / Application / Product Specialist /
Service
6 8 10 8 14 20 15 23 30 25 43 60
FMCD
FOR 12 MONTHS
Candidates with Pedigree i.e. Top 20
Business Schools
15 20 25 30 45 60 40 60 80 80 115 150 90 135 180
Brand / Category Management 18 23 28 20 35 50 40 60 80 70 95 120 NA NA NA
Sales & Marketing

Retail
FOR 12 MONTHS
Sales / Operations 12 18 24 20 35 50 30 55 80 60 100 140 100 125 150
Category Management 18 23 28 20 35 50 40 60 80 70 95 120 NA NA NA
D2C
FOR 12 MONTHS
Sales / Channel Management 12 15 25 20 35 55 40 60 100 60 80 120
E-commerce 10 15 25 20 35 50 45 55 80 NA NA NA
Brand / Category Management 12 20 30 25 40 60 45 65 90 70 90 100
Digital Marketing 12 18 25 25 45 70 40 65 90 NA NA NA
Sales & Marketing

Industrial
Building Materials & Technologies
FOR 12 MONTHS
3 - 5 YEARS 5 - 10 YEARS 10 - 15 YEARS 15+ YEARS 22+ YEARS
Key Accounts/ Institutional Sales 8 13 18 15 22.5 30 30 60 90 40 70 100 40 65 90
Pre-Sales / Specifications 5 8 12 8 17 25 20 30 40 30 40 50 30 40 50
Product / Brand / Marketing 8 12 15 12 19 25 20 30 40 30 42.5 55 30 45 60
Engineering Goods
FOR 12 MONTHS
Sales (Others) 7 11 20 10 18 25 20 35 50 30 50 80 40 65 100
Product Management / Marketing 6 10 15 10 18 35 18 35 50 25 50 70 35 50 80
Marketing Communications / PR /
Corporate Affairs
5 8 15 8 17 25 15 30 45 30 45 60 30 50 70
Sales & Marketing

Chemicals
FOR 12 MONTHS
Sales (Candidates with pedigree) /
Business Development
12 15 20 15 25 35 25 43 60 40 95 150 40 95 150
Sales / Key Account 6 11 15 10 18 25 20 35 50 40 70 100 40 70 120
Brand / Product Management 10 12 15 15 18 30 15 28 40 30 53 75 30 53 75
Corporate Affairs
4 6 8 8 17 28 20 33 45 30 50 70 40 50 80
Industrial Automation
FOR 12 MONTHS
Sales (Others) 7 11 20 10 18 25 20 35 50 30 50 75 40 65 100
Corporate Affairs
5 8 15 8 17 25 15 30 45 25 45 60 30 50 70
Sales & Marketing

Logistics
FOR 12 MONTHS
Sales (Others) 7 11 20 10 20 30 20 35 50 40 60 80 50 70 100
Corporate Affairs
5 10 15 10 20 30 15 30 45 30 50 70 35 55 75
Energy
FOR 12 MONTHS
Sales (Others) 7 12 20 10 20 30 20 35 50 40 60 80 40 70 100
Corporate Affairs
5 10 15 10 20 30 15 30 45 30 50 70 35 55 75
Sales & Marketing

Technology
Consumer Tech
FOR 12 MONTHS
Digital Sales / Media Sales / Partnerships 12 15 20 18 30 40 40 60 75 60 80 100 80 120 150
Brand Marketing 15 24 30 25 40 60 50 75 100 80 120 150 120 150 180
Growth / Performance Marketing / CGO 15 25 35 35 55 80 80 100 120 120 140 160 160 - ++
Marketing (Digital & Offline) / CMO 10 15 20 20 35 50 50 75 100 100 125 150 120 180 200
Category Management 15 22.5 30 30 45 60 60 80 100 100 125 150 120 180 200
Strategy / CSO 20 27.5 35 35 55 75 75 97.5 120 120 150 180 180 - -
SEO / SEM / Social Media 8 11.5 15 15 25 35 35 50 65 65 82.5 100 100 - -
Creative (Copy / Art) 8 11.5 15 15 30 45 45 60 75 60 80 120 120 - -
Sales & Marketing

Tech Sales - Enterprise software / SaaS
FOR 12 MONTHS
Inside Sales 8 20 30 15 35 60 40 70 100 60 80 100 90 100 120
Field Sales 10 16 30 18 35 60 30 50 100 60 90 150 60 120 200
Customer Success 8 12 18 12 25 40 30 50 70 55 70 90 70 85 100
Marketing Manager / VP Marketing / CMO 6 12 25 12 20 30 35 45 70 50 75 100 80 100 140
Channels / Alliances 8 12 18 15 25 45 30 50 80 60 80 100 70 90 120
Tech Sales - IT Services
FOR 12 MONTHS
Pre-Sales Manager / Head 8 16 25 12 25 35 30 45 60 40 60 80 50 70 100
Field Sales 12 18 25 25 35 45 35 50 80 50 65 100 60 90 150
Marketing Manager / VP Marketing / CMO 6 10 20 15 25 45 30 45 70 40 60 90 50 70 100
Channels / Alliances 8 12 18 15 25 45 30 50 80 60 80 100 70 90 120
Sales & Marketing

Technology

Consumer / Consumer Tech
Consumer / Consumer Tech
Financial Services (incl Fintech)
Financial Services (incl Fintech)
GBS / SSC
GBS / SSC
Skills in demand
Roles in demand
Security (Info Sec / Cyber)
Security (Info Sec / Cyber)
C-suite (Technology, Data, AI /
ML, Product, Security)
C-suite (Technology, Data, AI /
ML, Product, Security)
Full-stack Development,
Architecture & DevOps
Full-stack Development,
Architecture & DevOps
AI / ML / Data Science
AI / ML / Data Science
Digital transformation & IoT
Digital transformation & IoT
SAP / ERPs
SAP / ERPs
Design (UI / UX)
Design (UI / UX)
Generative AI & Data
Generative AI & Data
Others
Flexible work arrangements.
Incentives
Joining bonuses, ESOPs, retention
bonuses, and higher equity stakes in
product and e-commerce companies.
Technology
Average salary
increase when
switching jobs
Senior
Junior Mid
35-45%
30-40%
20-30%

GCC / SCC
Mid-Large sized captive centers
FOR 12 MONTHS
5 - 10 YEARS 10 - 15 YEARS 15-20 YEARS 20+ YEARS
India Site Head / MD - - - - - - 250 275 300 300 400 500
Infrastructure / Cloud / Digital Workplace 35 45 55 55 75 80 80 110 125 125 150 200
Application / ERP 30 40 50 50 65 75 75 88 100 100 125 200
Data Security / Information Security /
Cyber Security
35 40 50 50 60 75 75 100 120 120 180 225
Service Delivery / IT Operations / PMO 25 35 45 45 65 80 80 100 120 120 135 150
Technology

Corporate IT
MNC, Domestic Companies (Listed / Non-listed), Small-sized Captive Centres
FOR 12 MONTHS
5 - 10 YEARS 10 - 15 YEARS 15+ YEARS
MIN AVG MAX MIN AVG MAX MIN AVG MAX
India Site Head / MD - - - - - - 125 220 300
CIO / IT Director - - - 70 85 100 100 200 300
Infrastructure / Cloud / Data Centre 35 45 55 55 65 75 75 85 100
Application / ERP 30 40 50 50 60 70 70 80 90
CISO / Information Security / Cyber
Security
35 40 50 50 65 80 80 100 120
Service Delivery / IT Operations / Project
Management
25 35 45 45 60 70 70 85 100
Technology

Development, Design & Architecture
Product, E-commerce, Internet and Fintech Companies
FOR 12 MONTHS
4 - 10 YEARS 10 - 15 YEARS 15+ YEARS
MIN AVG MAX MIN AVG MAX MIN AVG MAX
CTO / Head of Engineering 30 60 90 60 105 150 100 160 300
Design & Architecture 30 55 80 60 75 90 90 135 180
Software Development 30 45 60 40 60 80 80 100 120
DevOps Engineering 25 40 55 40 60 100 80 100 150
Quality Assurance 25 35 45 45 55 70 75 90 110
Product Management 35 55 80 80 115 150 140 160 230
Head of Tech Support 20 35 50 40 60 80 70 85 120
Technology

Tier 1 Digital & Analytics
Early-stage startups, and Product, and Internet Companies, Management Consulting & GCCs
FOR 12 MONTHS
Business Intelligence & Analytics 20 30 40 40 50 60 70 80 90 90 100 125
Risk Analytics 25 35 50 40 50 75 65 90 125 120 150 175
Big Data / Data Engineering 25 35 45 45 55 65 60 75 90 90 120 150
Data Science / Machine Learning / Artificial
Intelligence
30 40 50 55 65 75 75 100 125 130 155 180
Technology

Tier 2 Digital & Analytics
MNC Banks, Domestic financial institutions, third-party consulting companies
FOR 12 MONTHS
Business Intelligence & Analytics 20 26 32 32 40 50 56 64 72 75 80 100
Risk Analytics 20 28 40 32 40 60 52 72 100 95 120 140
Big Data / Data Engineering 20 28 36 35 45 55 48 60 72 70 95 120
Data Science / Machine Learning / Artificial
Intelligence
25 32 40 40 55 65 60 80 100 100 125 150
Technology

A global business
with local knowledge,
experience and
understanding.
Every day, we have the opportunity to influence
thousands of lives and hundreds of organisations —
a responsibility we navigate with utmost diligence.
Your recruitment partner for strategic workforce solutions
With a heritage spanning over four decades, PageGroup has honed its
regional expertise on a global stage, ensuring unparalleled recruitment
solutions for your enterprise. Our deep understanding of the local business
scene and keen comprehension of the economic landscape enable us to
provide outstanding service. Our consultants are developed in specific job
and industry sectors, matching their skills and qualifications with practical
industry experience. This targeted development approach allows us to
provide your business with customised recruitment solutions that meet your
unique needs.
Reliability, our hallmark
Our stronghold in the Asia-Pacific sector is bolstered by a steadfast senior
management team, guaranteeing unwavering service continuity across the
globe. The regional leadership is a repository of over 15 years of PageGroup
wisdom, with each member contributing vast commercial insight and
regional proficiency — ensuring the highest standards of expertise in our
recruitment network.
Find the right talent, anywhere in the world
Supported by an extensive regional and global office network, we have
connected the world’s top employers and outstanding professionals for over
40 years. Our ability to go beyond geographical and job-related boundaries,
along with our understanding of local cultures and languages, delivers real
value. Partner with us and unlock the power of our global network to achieve
your goals.
12 APAC Markets
27 Offices
~1,600 Consultants

Connect
with Us
At the heart of our service is a
commitment to bridging the gap
between talent and opportunity.
Whether you are in HR,
management, leadership, or job
seeking, our expert consultants
are ready to assist. Reach out
for personalised recruitment
solutions and guidance to
navigate your career or hiring
journey. Let’s connect today.
Scan or click on the relevant QR code to
get in touch with one of our consultants.
Qualified
professionals
Michael Page specialises
in recruiting professionals
for mid-level management
to leadership roles, along
with specialised technical
positions. Our focus is on
understanding the unique
requirements of each
sector and role, ensuring
a tailored approach to
recruitment that aligns
with the specific needs
and aspirations of both
candidates and employers.
Executive
search
Page Executive is the
executive recruitment
division of PageGroup,
delivering comprehensive
search, selection, and
talent management
solutions. Renowned for
our in-house research
capabilities and agile
response, we excel in
placing highly qualified
professionals in senior
management and C-level
roles with notable success.
Flexible
outsourcing
Page Outsourcing excels in
crafting and implementing
outsourced recruitment
strategies like Recruitment
Process Outsourcing
(RPO), Managed Service
Providers (MSP), Total
Talent Acquisition (TTA),
and RPO Light. We cater
to project-based, high-
volume hiring needs across
industries and locations,
adapting to each client’s
unique requirements
with tailored recruitment
advice and support to
meet strategic goals.

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