(Image source from: Highest hourly salary in IT sector})

IT sector in India has emerged as the most lucrative sector in India, with a median gross salary of Rs. 341.8 per hour followed by finance with Rs. 291 per hour, a report says. Leading online career and recruitment solutions provider, Monster India reports, those in the IT sector in India earn on an average Rs. 341.8 per hour which is by far the highest salary of all sectors.

The Monster Salary Index (MSI) shows that the median gross salary in the construction sector stood at Rs. 259 per hour, for education at Rs. 186.5, healthcare (Rs 215), legal (Rs 215.6), manufacturing and transport (Rs 230.9). The report brings to light the true fact that education sector gets the lowest hourly salary of Rs. 186.50 per hour. There are relatively more women working in education sector than in other sectors and are paid 18 per cent lesser than men in the same sector, the report said.

Monster India Managing Director (India/Middle East/ Southeast Asia/Hong Kong) Sanjay Modi said: “The country is on the edge of a new wave of development that is expected to deliver jobs and prosperity to millions, which has a direct correlation with salary/income.”

The same survey indicates across global and U.S. region, that female in the workplace are not being compensated in the same way as their male counterparts. On average, women earn around 34 per cent less than men in the IT sector while gender pay gap in the finance sector is about 19 per cent. 

“The MSI report is a standard systematic research which is aimed at empowering recruiters and jobseekers with a credible platform to compare salaries,” WageIndicator Foundation Director Paulien Osse said. Monster Salary Index (MSI) is an initiative by Monster India in collaboration with Paycheck.in (managed by WageIndicator Foundation) and IIM-Ahmedabad as a research partner. The analysis is based on the WageIndicator dataset covering first quarter of 2012 up to December 2014.

By Premji