US ranks 4th in survey by Worldwide IT Survey.
By Dileep Thekkethil
If you are one among the aspiring computer engineers waiting with fingers crossed to find a cubicle inside India’s most revered IT companies, a survey says you shouldn’t get carried away with the big name as you could end up taking a poor decision.
According to Worldwide IT Salary survey conducted by a recruitment platform called MyHiringClub.com, an Indian mid-level IT manager earns an average salary of $41,213 whereas their Swiss counterparts get four times more salary credited in the account.
The report has ranked India as the 7th lowest paying nation for jobs related to information technology, falling one place down from the previous year’s position. The country that pays the worst salary for IT managers is Bulgaria with $25,680, followed by Vietnam and Thailand averaging a salary of $30,938 and $34,423, respectively.
MyHiringClub.com & FlikJobs.com CEO Rajesh Kumar said, “The impact of outsourcing and off-shoring on IT roles in North America and Western Europe helps explain the pattern of global pay.”
MyHiringClub.com has listed Indonesia at the fourth spot with average wages of $34,780, followed by the Philippines ($37,534), India ($41,213), China ($42,689), Czech Republic ($43,219), and Argentina ($51,380).
Kumar added, “Lower-level roles are being moved to regions where talent is cheaper. The jobs that remain in Western Europe and the United States may be fewer in number, but are more demanding and complex. However, there is an increasing evidence of India’s growing stature and presence in the high-end value chain, where cost advantages may not be the only drivers of future growth.â€
Contrary to this, Switzerland has been listed as the best-paying country for IT professionals with companies offering an average salary of $1,71,465, followed by Belgium which offers a respectable salary of $1,52,430, says the survey.
Denmark is the third best-paying nation, with salary averaging $1,38,920. The US and the UK were ranked fourth and fifth, with average Cost to Company of $1,32,877 and $1,29,324, respectively.
The survey also indicated that “India remains one of the most favourite outsourcing destinations due to this low-cost factor, but the future might bring with itself a completely different scenario.â€