It’s crucial for a person to know if their salary matches the industry standard or not. Presently, a number of variables are at their disposal to instantly know what’s going around.
To procure an ambitious remuneration, an individual needs to be capable of accurately evaluating their education, skills, appropriate training, preceding experience, etc.
Another important evaluation is that of an employer – where they stand in the market and if they’re competent enough to offer the potential employees what they deserve.
The positive aspect today is the internet – now people have access to countless sites that can provide them with information on specific industries and their salaries as per industry standards even before they can step into the role.
With firms vying to be on top nowadays, they try to be as transparent as they can about their figures and salary scales to portray in front of the potential employees. And with features like salary comparison tools available at hand on the websites themselves it just becomes more of a cakewalk.
Tools such as these help in gauging the competitive salary ranges according to the industry standards.
The table below will give a professional an overview of the major roles in the Tech, Media, and Finance industries and their salaries as per the industry standards.
IT Industry standard salary
| Seq | Job Roles | Average Salary |
| 1 | Product Manager | ₹6L – ₹35L per annum |
| 2 | Artificial Intelligence (AI) Engineer | ₹8L – ₹50L per annum |
| 3 | Cloud Architect | ₹9L – ₹38L per annum |
| 4 | DevOps Engineer | ₹4.2L – 12.5L per annum |
| 5 | Blockchain Engineer | ₹2.2L – ₹20L per annum |
| 6 | Full Stack Developer | ₹2.5L – ₹18L per annum |
| 7 | Software Architect | ₹13L – ₹46L per annum |
| 8 | Big Data Engineer | ₹4L – 17L per annum |
| 9 | Data Scientist | ₹4L – 25L per annum |
| 10 | Internet of Things (IoT) Solutions Architect | ₹12.5L – ₹42L per annum |
(Note: The salary scales can easily vary according to the location, company profile, skillset, experience and other aspects.)
Media Industry Standard Salary
| Seq | Job Roles | Average Salary |
| 1 | Communications Director | ₹2L – ₹52L per annum |
| 2 | Communication Strategist | ₹3L – ₹27L per annum |
| 3 | Public Relations (PR) Manager | ₹3.5L – ₹15L per annum |
| 4 | Content Marketing Manager | ₹5.5L – ₹22L per annum |
| 5 | Digital Marketing Manager | ₹6L – ₹20L per annum |
| 6 | News Anchor | ₹0.5 – ₹23.1L per annum |
| 7 | Graphic Designer | ₹1.4L – 6.5L per annum |
| 8 | Editor | ₹ 1.3 – ₹6.5 per annum |
| 9 | Videographer | ₹0.2L – ₹7L per annum |
| 10 | Photographer | ₹0.2L – 6.4L per annum |
(Note: The salary scales can easily vary according to the location, company profile, skillset, experience and other aspects.)
Also Read : Employee Pay Particulars or Salary Slip Details
Finance Industry Standard Salary
| Seq | Job Roles | Average Salary |
| 1 | Chief Financial Officer | ₹8L – ₹99L per annum |
| 2 | Financial Advisor | ₹1.1L – ₹8L per annum |
| 3 | Financial Analyst | ₹2.1L – ₹11L per annum |
| 4 | Accountant | ₹1.5L – ₹12L per annum |
| 5 | Investment Banker | ₹2.5L – ₹70L per annum |
| 6 | Hedge Fund Manager | ₹3L – ₹70L per annum |
| 7 | Equity Research Associate | ₹3L – ₹30L per annum |
| 8 | Loan Officer | ₹2L – ₹17L per annum |
| 9 | Accounts and Finance Manager | ₹4L – ₹22L per annum |
| 10 | Auditor | ₹1L – ₹10L per annum |
(Note: The salary scales can easily vary according to the location, company profile, skillset, experience and other aspects.) (Source: PayScale.com, AmbitionBox.com)
A person’s hiring can always vary in pay and position depending on various influential aspects. However, what should matter the most along with a good remuneration is how much experience they can retain at a company and what culture and attributes they can additionally pick up on while doing their tenure.
Every firm has its own norms and that can affect the pay scales as well. Different companies have different job positions with different pay scales and that’s totally normal.
The best path for an individual would be to choose a company that satisfies their basic needs and then some but also lets them gain a lot of knowledgeable experience too. Along the way, one can always sway to another path with higher pay and a ripened experience but the focus should always be on the learning.
When it comes to compensation and benefits expectations, the different generations of the workforce — Baby Boomers, Gen X, Millennials, and Gen Z — all have their own preferences when it comes to their pay packages, aligning with their needs and perspectives. Companies understand these perspectives well and accordingly have moulded their policies and strategies to match the industry.
Also Read : Employee Salary Slip Format in India
