Pune is one of the major IT hubs in India and is home to many technology and manufacturing companies. As a result, Pune attracts talent from across India which leads to a diverse and dynamic job market. Understanding average salaries in Pune can help job seekers determine if the pay scale aligns with their expectations. It also allows companies to remain competitive in their salary offerings.
In this article, we will analyze the average salaries in Pune across sectors, experience levels, and job roles. We will break down the data to understand trends and patterns. This will provide a holistic overview of the Pune job market when it comes to compensation.
Average Salary in Pune Across Sectors
The average salary in Pune varies significantly depending on the industry. Technology and IT roles tend to pay higher average wages while sales and marketing roles tend to be on the lower end of the spectrum.
Below is a table summarizing the average annual salaries for various sectors in Pune:
Sector | Average Salary |
---|---|
Information Technology | ₹8.5 Lakhs |
Banking and Finance | ₹7 Lakhs |
Manufacturing | ₹6.5 Lakhs |
Automotive | ₹6 Lakhs |
Pharmaceuticals | ₹5.5 Lakhs |
Retail | ₹4.5 Lakhs |
Sales and Marketing | ₹4 Lakhs |
As we can see, IT and tech roles pay the highest average salary at ₹8.5 Lakhs annually. This is driven by the demand for skilled tech professionals in Pune’s software companies and startups. The banking and financial services sector comes second at ₹7 Lakhs annually.
Manufacturing, automotive, and pharma roles settled between ₹5.5 Lakhs to ₹6.5 Lakhs annually. Retail and sales & marketing jobs paid the lowest average salary at ₹4 Lakhs-₹4.5 Lakhs per year.
So when looking at salaries in Pune, the sector plays a big role. Tech jobs pay almost 2x the average salaries for sales jobs.
Average Salary Based on Experience
Salaries in Pune also vary significantly based on the candidate’s years of experience. Higher experience levels command better average pay due to higher competencies and abilities.
Below are the average annual salaries in Pune segmented by years of work experience:
Experience | Average Salary |
---|---|
0-2 years | ₹3.5 Lakhs |
2-5 years | ₹5 Lakhs |
5-10 years | ₹10 Lakhs |
10-15 years | ₹16 Lakhs |
15-20 years | ₹20 Lakhs |
20+ years | ₹25 Lakhs |
Here we see a clear trend of rising average salaries with increasing experience. Candidates early in their career with 0-2 years of experience earn ₹3.5 Lakhs annually in Pune on average.
As experience crosses 5 years, salaries see a big jump with average pay increasing to ₹5 Lakhs per year for 2-5 years of experience. Steady growth continues with average salaries crossing ₹10 Lakhs for 5-10 years of experience.
The peak earnings are seen at senior levels, with 20+ years of experience commanding pay of ₹25 Lakhs per annum on average. Clearly, developing deeper expertise and skills pays off well when it comes to earning potential in Pune.
Average Salaries for Various Roles
Beyond sectors and experience, salaries also differ based on specific occupations and roles in Pune.
Below is a table summarizing average annual salaries for various common roles:
Role | Average Salary |
---|---|
Software Engineer | ₹6.5 Lakhs |
Product Manager | ₹19 Lakhs |
Business Analyst | ₹7 Lakhs |
Chartered Accountant | ₹7.5 Lakhs |
HR Manager | ₹4.5 Lakhs |
Content Writer | ₹3 Lakhs |
Marketing Manager | ₹6 Lakhs |
We see major differences in average pay by roles. Software engineering and product management roles pay very lucratively in Pune at ₹6.5 Lakhs and ₹19 Lakhs respectively.
Roles like HR, content writing and marketing settle at ₹3-6 Lakhs annually. CA and business analyst roles lie in the middle with averages of ₹7-7.5 Lakhs per year.
Clearly, technical and managerial roles pay higher averages reflecting the high demand and skill requirements for these occupations.
Average Salaries for Top Companies in Pune
Salaries also vary based on the specific company. Larger companies and top MNCs tend to pay higher averages compared to smaller firms.
Below are the average salaries for some of the top IT/Tech companies in Pune:
Company | Average Salary |
---|---|
Accenture | ₹6.5 Lakhs |
Infosys | ₹5 Lakhs |
Wipro | ₹4.5 Lakhs |
TCS | ₹4 Lakhs |
Persistent | ₹7 Lakhs |
Among the major IT services firms, Accenture pays the highest at ₹6.5 Lakhs per year on average. Persistent pays even better at ₹7 Lakhs annually for tech roles. Infosys, Wipro and TCS pay between ₹4-5 Lakhs on average.
Apart from the IT sector, below are average salaries for top companies in other major sectors:
Company | Average Salary |
---|---|
ICICI Bank | ₹6 Lakhs |
HDFC Bank | ₹5.5 Lakhs |
Yes Bank | ₹4.5 Lakhs |
Bajaj Auto | ₹5 Lakhs |
Tata Motors | ₹6.5 Lakhs |
For banking roles, ICICI Bank pays the highest average at ₹6 Lakhs annually. Among manufacturing firms, Tata Motors pays better than Bajaj Auto at ₹6.5 Lakhs per year on average.
So besides the broad sector and experience, the specific employer also impacts average salary levels in Pune.
Key Highlights
– Information Technology and Tech roles pay the highest on average at ₹8.5 Lakhs annually in Pune
– Banking, manufacturing, and automotive sectors pay moderately at ₹5-7 Lakhs per year on average
– Sales and Marketing jobs tend to pay the lowest average salaries at ₹4 Lakhs per year
– Higher experience levels lead to significantly improved salaries
– Technical and managerial occupations pay the best, at ₹6.5-19 Lakhs on average
– Larger companies and MNCs tend to pay higher average salaries compared to smaller firms
Conclusion
In summary, Pune provides attractive salary packages across sectors driven by strong demand for talent. IT and technology roles pay the highest, especially in leading global companies. Salaries tend to rise significantly with experience demonstrating the value of career growth in the Pune job market. Sales and marketing tend to be the lowest paying roles on average. Candidates should benchmark expected salaries in Pune based on their sector, experience, skills and employer brand when making career decisions.