Neither the experience nor the company size do matter much when it comes to IT Managers' compensation
IT Next Salary Survey revealed that compensation doesn’t necessarily depend on the years of experience of the IT managers.
About 43 per cent of the participants in the experience bracket of 5-10 years take home a salary of less than 10 lakhs while 47.7 per cent are compensated with a packet of 11 to 20 lakhs INR.
With a total of 18 years of experience in the industry, I think I should be compensated by at least 30% more to meet the industry standards --Santosh Kempaiah, Sr Manager, Information Security, Volvo IT
At the senior level, 71.4 per cent of IT managers with an experience of 31-35 years, quite surprisingly, get a lower packet of 11-20 lakhs p.a., while 28.6 per cent with a similar experience take home 21-30 Lakhs INR.
Not a single respondent in the same experience bracket gets a salary above 41 Lakhs.
The highest package (41 Lakhs INR and more) is grabbed by 11.4 per cent of the participants in the experience bracket of 16 to 20 years, while it’s 6.1 per cent and 8.3 per cent in the experience bracket of 21-25 years and 26-30 years respectively.
The findings of the IT Next’s IT manager salary survey reveal that organisation size (in terms of turnover) does not matter much when it comes to compensation.
Organisation size (in terms of turnover) does not matter much when it comes to compensation.
Organisations with a turnover of more than ` 10000 crore pay about 4.4 per cent of its IT managers a hefty packet of ` 41 lakhs or more, whereas the majority of IT managers in organisations with a similar turnover get ` 11-20 Lakhs per annum.
The story is the same across organisation sizes. Companies with a turnover of ` 2001-10000 crore pay 11-20 lakhs of annual salary to 44.4 per cent of IT managers and 52.4 per cent of ITDMs in firms with a turnover between 1001-2000 crore are paid a similar package.
The highest package (41 Lakhs INR and more) is grabbed by 11.4% of the participants in the experience bracket of 16 to 20 years
2.7 per cent of Senior IT managers in medium firms with a turnover of ` 501-1000 crore get the highest package of ` 41 lakhs and more; and the same percentage of managers earn ` 31-40 lakhs.
See the graph below for more information.