A recent survey by MyHiringClub.com's Worldwide, regarding IT Salary 2015, has ranked India in the 7th position on the list of lowest paymasters for information technology (IT) managers. A mid-level IT manager draws an average salary of $41,213 while his Swiss counterpart gets four times more.
Indian IT managers draw an average salary of $41,213, Bulgaria topped the list with a meagre $25,680, followed by Vietnam and Thailand averaging at $30,938 and $34,423, respectively.
"The impact of outsourcing and offshoring on IT roles in North America and Western Europe helps explain the pattern of global pay," MyHiringClub.com & FlikJobs.com CEO Rajesh Kumar said.
"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," Kumar added.
Switzerland topped the list with an average annual remuneration of $1,71,465. The same job if taken in Belgium, second on the list, would fetch $1,52,430, the survey said. Denmark at third on the best-paying list, with a salary in the IT sector at $1,38,920. The US and the UK were ranked fourth and fifth, respectively, with average packages of $1,32,877 and $1,29,324, respectively.
"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," the survey predicted.
By Premji
