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India Salary Benchmark 2018 Worldwide leaders in specialist recruitment www.michaelpage.co.in

India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

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Page 1: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

India

Salary Benchmark 2018

Worldwide leaders in specialist recruitmentwww.michaelpage.co.in

Page 2: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

2 www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 3: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

3

SALARYBENCHMARK

2018 Contents

Market Insights 4

Sales & Marketing Insights 5 Salary Tables 6

Finance & Accounting Insights 11 Salary Tables 12

Human Resources Insights 14 Salary Tables 15

Legal Insights 17 Salary Tables 18

Technology Insights 19 Salary Tables 20

Digital Insights 21 Salary Tables 22

Engineering & Manufacturing Insights 23 Salary Tables 24

Procurement & Supply Chain Insights 27 Salary Tables 28

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 4: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

4Worldwide leaders in specialist recruitment

Top industries

By the numbers*

average time employers take to secure talent from start of the search till joining

average number of candidates employers interview before making a job offer

of interviews typically undergone by candidate with a company before securing a position

SALARYBENCHMARK

2018

*These employment trends are based on Michael Page data in the last 12 months.

Overall outlookIndia’s economic landscape is a dynamic one, assisted by regulatory adjustments and drives including the Goods and Services Tax (GST) and the Make in India project from the Government of India. Encouraged by a positive economic setting, India’s employment scenario is anticipated to expand, supporting the country’s robust economic growth. The World Bank forecasts that India’s GDP growth will be 7% for 2017-2018 – a positive sign for Michael Page business. The government has set about upgrading numerous industries, including manufacturing, infrastructure, logistics and warehousing, technology and renewable energy. Michael Page anticipates large-to-steady hiring activities within these spaces in the year ahead.

Five key trends• The Indian government’s projects has drawn the attention of foreign

investors and Michael Page has seen many international companies willing to set up manufacturing operations in India. We estimate a noticeable upsurge in recruitment activities as an outcome of new companies building their teams in India.

• The Make in India initiative has sparked a signifi cant focus on public infrastructure projects. Specifi cally the development of roadways, railways, waterways and ports in the country. This is likely to result in more employment opportunities across all levels when operations commence.

• The renewable energy sector, specifi cally the solar energy segment has seen an enhancement of activities. This space has further witnessed increased attention of not only the domestic investors but has also attracted the interest of investors from across the globe.

• The ongoing discourse on technology will bring about more opportunities for our clients, while leveraging technology in the recruitment processes will see a rise in 2018. From a talent perspective, using AI-based applications will expedite the recruitment processes, and also allow recruiters to focus on more complex tasks.

Robust growth to boost recruitment activity

4.5 months

6 professionals

3 rounds

“Overall, 2017 saw an upward trend in talent acquisition, across many sectors. Michael Page anticipates this to further increase in 2018. Proactive initiatives by the Government of India will boost various industry sectors resulting in economic growth of the country.”

Nicolas Dumoulin, Managing Director, Michael Page India

IndiaMarket Insights

eCommerce

FinTech

Logistics

Big Data

www.michaelpage.co.in

Page 5: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

5

Roles in demand Top industries

*These employment trends are based on Michael Page’s data in the last 12 months.

$average salary increasewhen moving jobs

By the numbers*

Employment trends*

average number of candidates employers interview before

making a job offer

average time employers take to secure talent from start of

the search till joining

of interviews typically undergone by candidate with a company

before securing a position

Worldwide leaders in specialist recruitment

SALARYBENCHMARK

2018

IndiaSales & Marketing

www.michaelpage.co.in

“High demand for Sales and Marketing roles will continue into 2018. Sales professionals with good leadership skills will be in demand across industries, while in marketing, professionals with experience in

consumer, digital, and sales-enablement will be highly sought after.”

eCommerce and Internet

Energy

Professional Services

Chemical

• Heads of Sales

• Regional / Area Sales Managers

• Digital Marketing Heads

increase in number of positions in the last 12 months

9% 21-25%

6 professionals 4.5 months 3 rounds

Page 6: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

6

Salary Tables

SALARYBENCHMARK

2018 Sales & Marketing

Consumer Goods

Candidates from premium business schoolsDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Sales / Channel Management 20 28 24 28 70 49 40 100 70 100 180 140 22 30 26 28 75 52 50 100 75 100 200 150

Brand Management / Product Management 20 28 24 28 70 49 40 100 70 - - - 22 30 26 28 75 52 50 100 75 - - -

Trade Marketing 20 28 24 28 70 49 40 100 70 100 150 125 22 30 26 28 75 52 50 100 75 100 180 140

Category Management - - - 28 70 49 40 100 70 100 150 125 - - - 28 75 52 50 100 75 100 180 140

Communications & CSR 13 18 16 18 40 29 30 55 43 60 150 105 15 20 18 20 45 33 35 55 45 60 200 130

Candidates from non top-tier business schoolsDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Sales / Channel Management 12 15 14 15 35 25 30 50 40 50 100 75 13 18 16 17 40 29 35 60 48 50 120 85

Brand Management / Product Management 15 18 17 18 40 29 30 50 40 - - - 18 22 20 20 45 33 35 55 45 - - -

Trade Marketing 12 15 14 15 35 25 25 45 35 50 100 75 13 16 15 18 40 29 30 50 40 50 120 85

Category Management - - - 18 40 29 30 50 40 50 100 75 - - - 20 45 33 35 55 45 50 120 85

Communications & CSR 12 15 14 15 30 23 20 40 30 35 100 68 13 18 16 18 35 27 25 45 35 40 120 80

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 7: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

7

Salary Tables

SALARYBENCHMARK

2018

Pharmaceuticals

Top global pharmaceuticalsDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Sales 10 18 14 15 32 24 25 55 40 45 130 88 12 20 16 20 40 30 30 60 45 50 150 100

Marketing 12 18 15 15 35 25 27 55 41 45 130 88 15 20 18 22 42 32 35 60 48 50 150 100

Regulatory Affairs / QA / RA 8 12 10 10 22 16 22 40 31 35 90 63 12 15 14 15 30 23 30 45 38 40 100 70

Communications & CSR 8 12 10 12 28 20 18 38 28 35 90 63 12 15 14 14 30 22 20 45 33 40 100 70

Medical Affairs 8 18 13 12 30 21 22 35 29 35 110 73 12 20 16 20 35 28 30 45 38 40 120 80

Locally present pharmaceuticalsDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Sales 6 15 11 12 28 20 18 35 27 35 100 68 10 18 14 18 35 27 20 50 35 40 120 80

Marketing 8 15 12 12 28 20 20 40 30 38 100 69 10 18 14 18 35 27 25 50 38 42 120 81

Regulatory Affairs / QA / RA 6 10 8 10 15 13 15 32 24 30 75 53 8 12 10 12 20 16 20 40 30 30 90 60

Communications & CSR 8 10 9 10 15 13 15 32 24 30 75 53 10 12 11 12 20 16 18 40 29 35 90 63

Medical Affairs 6 15 11 12 20 16 18 30 24 25 85 55 8 18 13 18 25 22 20 40 30 35 100 68

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

Sales & Marketing

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 8: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

8

Salary Tables

SALARYBENCHMARK

2018

Medical Devices

Top global medical devices companiesDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Sales 12 20 16 20 40 30 30 60 45 50 130 90 15 22 19 20 45 33 35 70 53 60 150 105

Marketing 15 20 18 22 42 32 35 60 48 50 130 90 18 22 20 20 45 33 38 70 54 60 150 105

Regulatory Affairs / QA / RA 12 15 14 15 30 23 30 45 38 40 100 70 12 18 15 16 35 26 30 45 38 40 110 75

Clinical / Application / Product Specialist / Service 10 12 11 12 20 16 - - - - - - 12 15 14 15 25 20 - - - - - -

Locally present medical devices companiesDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Sales 10 18 14 18 35 27 20 50 35 40 120 80 12 20 16 20 40 30 30 60 45 50 130 90

Marketing 10 18 14 18 35 27 25 50 38 42 120 81 15 20 18 22 42 32 35 60 48 50 130 90

Regulatory Affairs / QA / RA 8 12 10 12 20 16 20 40 30 30 90 60 12 15 14 15 30 23 30 45 38 40 100 70

Clinical / Application / Product Specialist / Service 6 8 7 8 15 12 - - - - - - 8 12 10 10 15 13 - - - - - -

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

Sales & Marketing

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 9: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

9

Salary Tables

SALARYBENCHMARK

2018

Building Materials

Top global building materials companiesDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Sales 10 25 18 25 40 33 40 80 60 60 85 73 10 25 18 25 35 30 35 50 43 65 90 78

Pre-Sales / Specifi cations /B2B Marketing 12 20 16 18 40 29 30 70 50 50 75 63 12 20 16 20 35 28 35 50 43 60 80 70

Project Management 12 20 16 18 40 29 30 40 35 40 60 50 12 20 16 20 35 28 35 50 43 50 65 58

Locally present building materials companiesDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Sales 6 15 11 12 25 19 25 50 38 40 60 50 6 15 11 15 25 20 25 50 38 45 70 58

Pre-Sales / Specifi cations /B2B Marketing 6 12 9 10 25 18 20 40 30 40 50 45 6 12 9 12 25 19 25 50 38 45 60 53

Project Management 4 12 8 10 20 15 20 40 30 30 45 38 6 12 9 12 25 19 25 50 38 40 50 45

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

Sales & Marketing

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 10: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

10

Salary Tables

SALARYBENCHMARK

2018

Life SciencesDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Sales 10 18 14 18 35 27 20 50 35 40+ 120 120 12 20 16 20 40 30 30 60 45 50 130 90

Marketing 10 18 14 18 35 27 25 50 38 42+ 120 120 15 20 18 22 42 32 35 60 48 50 130 90

Application Specialist 6 8 7 8 15 12 - - - - - - 8 12 10 10 15 13 - - - - - -

Industrial EquipmentDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Sales 6 20 13 12 30 21 25 50 38 40 75 58 8 20 14 20 30 25 30 45 38 50 85 68

Marketing 6 12 9 10 25 18 20 40 30 40 60 50 6 15 11 15 25 20 25 40 33 45 70 58

Project Management 4 10 7 10 20 15 20 40 30 30 50 40 6 15 11 15 25 20 25 40 33 35 60 48

ChemicalsDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Sales 8 15 12 12 25 19 25 40 33 40 80 60 8 15 12 15 35 25 35 50 43 50 90 70

Marketing 8 12 10 10 25 18 20 40 30 40 60 50 8 15 12 15 30 23 30 50 40 50 80 65

Application / Technical 6 12 9 10 25 18 18 30 24 30 45 38 6 15 11 15 30 23 30 50 40 45 60 53

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

Sales & Marketing

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 11: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

11

Roles in demand Top industries

*These employment trends are based on Michael Page’s data in the last 12 months.

$average salary increasewhen moving jobs

By the numbers*

Employment trends*

average number of candidates employers interview before

making a job offer

average time employers take to secure talent from start of

the search till joining

of interviews typically undergone by candidate with a company

before securing a position

Worldwide leaders in specialist recruitment

SALARYBENCHMARK

2018

IndiaFinance & Accounting

www.michaelpage.co.in

“The hiring sentiment across fi nance functions has strengthened with the continuing emphasis on ‘Ease of Doing Business’ in India. With investments in 2018 pouring in from private equity fi rms in infrastructure,

energy, and e-commerce spaces, we expect to see increased demand for fi nance candidates in these sectors, with strong focus on fundraising and investor relations experience.”

Healthcare

FMCG / Manufacturing / Industrial

E-commerce

Infrastructure and Renewable Energy

• CFO / Controller

• Corporate Finance (Fund Raising)

• Head Taxation with GST implementation experience

increase in number of positions in the last 12 months

4% 21-30%

6 professionals 4.5 months 3 rounds

Page 12: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

12

Salary Tables

SALARYBENCHMARK

2018 Finance & Accounting

GeneralDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

CFO / Finance Director(Large organisation)

- - - - - - 50 75 63 75 250 163 - - - - - - 60 90 75 90 300 195

CFO / Finance Director(Small/medium organisation)

- - - 22 45 34 40 60 50 60 120 90 - - - 30 50 40 50 80 65 80 150 115

CFO / Finance Director(Shared services centre)

- - - - - - 35 60 48 60 140 100 - - - - - - 40 75 58 75 150 113

GM Finance / Financial Controller(Large organisation)

- - - 25 40 - 40 60 50 60 90 75 - - - 28 45 37 45 70 58 70 100 85

GM Finance / Financial Controller(Small/medium organisation)

- - - 18 32 - 32 45 39 45 60 53 - - - 22 40 31 40 60 50 60 80 70

GM Finance / Financial Controller (Plant)

12 20 16 15 30 23 25 40 33 40 55 48 - - - 15 30 23 25 45 35 45 70 58

Finance Manager(Large organisation)

12 18 15 20 35 28 - - - - - - 12 20 16 18 35 27 - - - - - -

Finance Manager(Small/medium organisation)

10 15 13 18 30 24 - - - - - - 12 18 15 15 25 20 - - - - - -

Finance Manager(Shared services centre)

6 10 8 15 28 15 25 45 35 - - - 12 15 14 15 30 23 30 50 40 - - -

Financial & Planning Analysis 12 18 15 18 35 27 30 60 45 60 80 70 15 20 18 20 35 28 35 55 45 55 80 68

Financial / Business Analyst 10 15 - 15 35 25 - - - - - - 12 18 15 18 30 24 30 50 40 - - -

Financial Accounting 8 15 15 15 30 23 - - - - - - 10 18 14 18 30 24 30 50 40 - - -

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 13: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

13

Salary Tables

SALARYBENCHMARK

2018

SpecialistDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Finance Strategy 10 15 13 14 30 22 30 50 40 50 80 65 12 18 15 18 35 27 35 55 45 55 100 78

Costing 8 12 10 12 20 16 20 35 28 - - - 8 12 10 12 20 16 20 35 28 - - -

Accounts Receivable 8 12 10 12 25 19 25 35 30 - - - 8 12 10 12 20 16 20 35 28 - - -

Accounts Payable 8 12 10 12 25 19 25 35 30 - - - 8 12 10 12 20 16 20 35 28 - - -

Treasury 10 18 14 18 35 27 35 55 45 55 90 73 12 20 16 20 40 30 40 70 55 70 100 85

Tax-Indirect 8 18 13 18 35 27 25 45 35 45 75 60 12 20 16 20 40 30 40 75 58 75 100 88

Tax-Direct / International 10 20 15 20 40 30 30 50 40 50 100 75 12 20 16 20 40 30 50 75 63 75 120 98

Corporate Finance 12 20 16 20 40 30 40 60 50 60 120 90 15 25 20 25 45 35 45 65 55 65 125 95

Investor Relations - - - - - - 35 55 45 55 75 65 - - - - - - 40 60 50 60 150 105

Internal Audit 8 18 13 18 40 29 35 60 48 60 75 68 10 20 15 20 35 28 35 50 43 50 100 75

Public AccountingDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Audit 10 20 15 20 35 28 35 55 45 55 100 78 12 20 16 20 40 30 40 60 50 60 100 80

Tax 10 20 15 20 35 28 35 60 48 60 100 80 12 20 16 20 40 30 40 60 50 60 120 90

Transaction Advisory 12 20 16 20 35 28 35 60 48 60 100 80 12 20 16 20 40 30 40 60 50 60 100 80

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

Finance & Accounting

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 14: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

14

Roles in demand Top industries

*These employment trends are based on Michael Page’s data in the last 12 months.

$average salary increasewhen moving jobs

By the numbers*

Employment trends*

average number of candidates employers interview before

making a job offer

average time employers take to secure talent from start of

the search till joining

of interviews typically undergone by candidate with a company

before securing a position

Worldwide leaders in specialist recruitment

SALARYBENCHMARK

2018

IndiaHuman Resources

www.michaelpage.co.in

“In 2018, we expect high demand for HR professionals who are analytical and execution-focused, along with those experienced in performance management, leadership and high-volume hiring. Organisations will

become more open to hiring younger talent for senior roles.”

eCommerce

Insurance

Retail

Manufacturing

• Compensation & Benefi ts

• HR Business Partners in Sales

• Talent Acquisition with Social Branding/Analytics experience

• Talent Management & Diversity Inclusion

increase in number of positions in the last 12 months

5% 16-20%

6 professionals 4.5 months 3 rounds

Page 15: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

15

Salary Tables

SALARYBENCHMARK

2018 Human Resources

Commerce & IndustryLarge and middle capital companies / listed organisations

DELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Head of Human Resources (large companies) - - - - - - - - - 100 200 150 - - - - - - - - - 125 225 175

Head of Human Resources (small/medium sized companies) - - - 40 55 48 70 90 80 70 110 90 - - - 45 60 53 75 95 85 85 120 103

HR Generalist / Business Partner - - - 25 45 35 40 70 55 55 80 68 - - - 30 55 43 45 80 63 60 90 75

Learning & Development - - - 30 45 38 40 55 48 50 80 65 - - - 35 50 43 40 60 50 55 90 73

Compensation & Benefi ts - - - 30 45 38 40 70 55 60 90 75 - - - 35 55 45 50 80 65 65 100 83

Talent Acquisition - - - 20 30 25 40 50 45 50 120 85 - - - 25 35 30 45 60 53 55 125 90

Talent Management / OD - - - 30 45 38 45 55 50 60 90 75 - - - 30 55 43 50 70 60 65 95 80

Industrial Relations - - - 20 30 25 35 55 45 55 75 65 - - - 20 35 28 35 60 48 60 80 70

HR Operations / Payroll / HR IS - - - 18 25 22 30 40 35 45 65 55 - - - 20 35 28 35 55 45 55 75 65

HR Consulting - - - 35 50 43 50 70 60 70 100 85 - - - 35 55 45 50 75 63 75 110 93

Commerce & IndustrySmall capital companies / non-listed organisations

DELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Head of Human Resources (large companies) - - - - - - 50 60 55 60 120 90 - - - - - - 70 90 80 70 140 105

Head of Human Resources (small/medium sized companies) - - - 20 30 25 32 46 39 45 80 63 - - - 25 36 31 35 50 43 55 90 73

HR Generalist / Business Partner - - - 18 30 24 25 40 33 40 60 50 - - - 20 32 26 30 50 40 45 75 60

Learning & Development - - - 16 28 22 25 35 30 40 60 50 - - - 20 30 25 30 40 35 45 70 58

Compensation & Benefi ts - - - 21 33 27 25 42 34 45 65 55 - - - 23 36 30 35 45 40 50 75 63

Talent Acquisition - - - 18 30 24 28 38 33 40 60 50 - - - 20 33 27 30 40 35 45 70 58

Talent Management / OD - - - 20 35 28 35 45 40 45 60 53 - - - 25 36 31 35 50 43 50 75 63

Industrial Relations - - - 9 15 12 15 25 20 25 40 33 - - - 10 19 15 18 25 22 30 45 38

HR Operations / Payroll / HR IS - - - 8 12 10 10 15 13 25 40 33 - - - 9 16 13 15 25 20 30 45 38

HR Consulting - - - 25 35 30 35 50 43 50 75 63 - - - 25 41 33 35 55 45 65 80 73

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

www.michaelpage.co.inWorldwide leaders in specialist recruitment

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16

Salary Tables

SALARYBENCHMARK

2018

Banking & Financial ServicesLarge and middle capital companies / listed organisations

DELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Head of Human Resources (large companies) - - - - - - - - - 110 220 165 - - - - - - - - - 130 240 185

Head of Human Resources (small/medium sized companies) - - - - - - 55 70 63 70 120 95 - - - - - - 60 80 70 80 125 103

HR Generalist / Business Partner - - - 25 40 33 40 60 50 60 100 80 - - - 25 45 35 45 70 58 65 105 85

Learning & Development - - - 25 35 30 35 45 40 45 80 63 - - - 30 45 38 35 50 43 50 90 70

Compensation & Benefi ts - - - 22 35 29 40 60 50 55 100 78 - - - 22 40 31 45 70 58 60 110 85

Employee Relations - - - 20 40 30 45 80 63 80 110 95 - - - 22 45 34 50 90 70 90 120 105

Talent Acquisition - - - 20 30 25 35 55 45 50 120 85 - - - 22 35 29 40 60 50 60 130 95

Talent Management / OD - - - 30 45 38 45 55 50 60 90 75 - - - 30 55 43 50 70 60 65 95 80

HR Operations / Payroll / HR IS - - - 18 25 22 30 40 35 45 70 58 - - - 20 30 25 35 55 45 55 75 65

Banking & Financial ServicesSmall capital companies / non-listed organisations

DELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Head of Human Resources (large companies) - - - - - - - - - 60 85 73 - - - - - - - - - 70 90 80

Head of Human Resources (small/medium sized companies) - - - - - - 30 50 40 50 75 63 - - - - - - 40 60 50 60 80 70

HR Generalist / Business Partner - - - 20 25 23 25 40 33 50 75 63 - - - 25 35 30 30 45 38 55 75 65

Learning & Development - - - 15 25 20 25 40 33 40 60 50 - - - 20 35 28 30 45 38 45 65 55

Compensation & Benefi ts - - - 20 30 25 30 45 38 45 70 58 - - - 25 35 30 35 50 43 50 75 63

Talent Acquisition - - - 15 25 20 25 40 33 40 60 50 - - - 20 30 25 30 45 38 45 65 55

Talent Management / OD - - - 20 35 28 35 45 40 45 60 53 - - - 25 36 31 35 50 43 50 75 63

HR Operations / Payroll / HR IS - - - 12 20 16 20 30 25 30 45 38 - - - 15 25 20 25 35 30 35 50 43

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

Human Resources

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 17: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

17

Roles in demand Top industries

*These employment trends are based on Michael Page’s data in the last 12 months.

$average salary increasewhen moving jobs

By the numbers*

Employment trends*

average number of candidates employers interview before

making a job offer

average time employers take to secure talent from start of

the search till joining

of interviews typically undergone by candidate with a company

before securing a position

Worldwide leaders in specialist recruitment

SALARYBENCHMARK

2018

IndiaLegal

www.michaelpage.co.in

“In 2018, we expect to see a continuation of high demand for in-house legal roles, litigation specialists in consumer industries and roles in compliance. We expect to see movement at top management level roles.”

BFSI

Pharmaceutical

FMCG

Engineering, Infrastructure and Energy

• Compliance Specialists

• Litigation Specialists

• Legal and Company Secretaries with dual qualifi cation

increase in number of positions in the last 12 months

50% 26-30%

6 professionals 4.5 months 3 rounds

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18

Salary Tables

SALARYBENCHMARK

2018 Legal

LawyersDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Lawyers - Private Practice 12 20 16 20 60 40 60 100 80 100 250 175 12 25 19 25 75 50 75 120 98 120 300 210

Lawyers - In-House(All industries excluding Financial Services)

6 12 9 12 40 26 40 60 50 60 225 143 8 15 12 15 60 38 60 80 70 80 150 115

Lawyers - In-House(Financial Services) 8 18 13 18 50 34 50 70 60 70 200 135 8 25 17 25 70 48 70 90 80 90 200 145

Company Secretaries (In-house)DELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Company Secretary 6 10 8 10 20 15 20 40 30 40 70 55 6 12 9 12 24 18 24 50 37 50 90 70

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 19: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

19

Roles in demand Top industries

*These employment trends are based on Michael Page’s data in the last 12 months.

$average salary increasewhen moving jobs

By the numbers*

Employment trends*

average number of candidates employers interview before

making a job offer

average time employers take to secure talent from start of

the search till joining

of interviews typically undergone by candidate with a company

before securing a position

Worldwide leaders in specialist recruitment

SALARYBENCHMARK

2018

IndiaTechnology

www.michaelpage.co.in

“With technology such as machine learning, AI, and predictive analytics remaking the business landscape, industries from logistics to healthcare will be searching for technology professionals with relevant skills,

such as digital transformation, data security and cyber security.”

Software Product

Aggregators

FinTech

E-commerce

• Engineering (Cloud, Full Stack, Machine Learning, AI, UI/UX)

• Data and Cyber Security

• CTO

increase in number of positions in the last 12 months

20-25% 26-30%

6 professionals 4.5 months 3 rounds

Page 20: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

20

Salary Tables

SALARYBENCHMARK

2018 Technology

General Management & OperationsDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

CIO / CTO / IT Director - - - 20 40 30 40 60 50 60 90 75 - - - 20 40 30 40 60 50 60 90 75

Infrastructure Manager 15 25 20 20 35 28 35 55 45 50 75 63 15 25 20 20 35 28 35 55 45 50 75 63

Application Manager 15 25 20 20 40 30 40 60 50 60 90 75 15 25 20 20 40 30 40 60 50 60 90 75

Project Manager 15 25 20 20 35 28 35 55 45 50 75 63 15 25 20 20 35 28 35 55 45 50 75 63

Development, Design & ArchitectureDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Architect – Applications, Solutions, Systems, Data 15 25 20 25 40 33 40 60 50 60 90 75 15 25 20 25 40 33 40 60 50 60 90 75

Developer / Engineer 15 25 20 25 50 38 50 80 65 80 120 100 15 25 20 25 50 38 50 80 65 80 120 100

DevOps 15 25 20 25 40 33 40 60 50 60 90 75 15 25 20 25 40 33 40 60 50 60 90 75

Technical SupportDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

1st Level - Help Desk Support 15 20 18 20 35 28 35 50 43 50 75 63 15 20 18 20 35 28 35 50 43 50 75 63

2nd Level - Technical Support 15 20 18 20 45 33 45 65 55 65 80 73 15 20 18 20 45 33 45 65 55 65 80 73

3rd Level - Application Support 15 25 20 25 45 35 45 65 55 65 80 73 15 25 20 25 45 35 45 65 55 65 80 73

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 21: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

21

Roles in demand Top industries

*These employment trends are based on Michael Page’s data in the last 12 months.

$average salary increasewhen moving jobs

By the numbers*

Employment trends*

average number of candidates employers interview before

making a job offer

average time employers take to secure talent from start of

the search till joining

of interviews typically undergone by candidate with a company

before securing a position

Worldwide leaders in specialist recruitment

SALARYBENCHMARK

2018

IndiaDigital & Analytics

www.michaelpage.co.in

“Demand for digital and analytics candidates will continue to increase in 2018 as organisations delve into data science, machine learning, and internet of things (IoT). Demand is expanding into new industries as big

data and analytics become essential to most of the business.”

Consulting

Banking & Financial Services

E-commerce

Media

• Data Scientists

• Big Data / Machine Learning

• Risk Analytics

increase in number of positions in the last 12 months

15% 31-35%

6 professionals 4.5 months 3 rounds

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22

Salary Tables

SALARYBENCHMARK

2018 Digital & Analytics

Tier 1 Digital & Analytics

MNC banks, Product Firms, E-commerce and captives across IndiaDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

AVP VP DIRECTOR MD AVP VP DIRECTOR MD

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Marketing Analytics 22 35 29 35 60 48 60 100 80 100 140 120 25 36 31 38 65 52 65 110 88 110 145 128

Risk Analytics 25 36 31 36 62 49 62 110 86 110 150 130 27 38 33 40 70 55 70 120 95 120 160 140

Digital Analytics 25 35 30 35 65 50 65 110 88 110 150 130 27 38 33 40 70 55 70 120 95 120 160 140

Statistical Modelers 25 36 31 36 65 51 65 110 88 110 150 130 27 38 33 40 70 55 70 120 95 120 160 140

Analytics Consulting 25 36 31 36 65 51 65 110 88 110 150 130 27 38 33 40 70 55 70 120 95 120 160 140

Big Data/Machine Learning 28 45 37 45 90 68 90 130 110 130 180 155 30 50 40 50 100 75 100 140 120 140 185 163

Data Scientist 28 45 37 45 90 68 90 130 110 130 180 155 30 50 40 50 100 75 100 140 120 140 185 163

Product Management 26 40 33 40 65 53 65 100 83 100 140 120 30 45 38 45 70 58 70 110 90 110 150 130

Tier 2 Digital & Analytics

Domestic fi nancial institutions and third party consulting companies DELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

AVP VP DIRECTOR MD AVP VP DIRECTOR MD

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Marketing Analytics 20 32 26 32 54 43 54 90 72 90 126 108 23 32 27 34 60 47 60 100 80 100 130 115

Risk Analytics 23 32 27 32 56 44 56 100 78 100 135 118 24 34 29 36 63 50 63 108 86 108 145 127

Digital Analytics 23 32 27 32 60 46 60 100 80 100 135 118 24 34 29 36 63 50 63 108 86 108 145 127

Statistical Modelers 23 32 27 32 60 46 60 100 80 100 135 118 24 34 29 36 63 50 63 108 86 108 145 127

Analytics Consulting 23 32 27 32 60 46 60 100 80 100 135 118 24 34 29 36 63 50 63 108 86 108 145 127

Big Data/Machine Learning 25 42 34 42 80 61 80 120 100 120 162 141 27 45 36 45 90 68 90 126 108 126 170 148

Data Scientist 25 42 34 42 80 61 80 120 100 120 162 141 27 45 36 45 90 68 90 126 108 126 170 148

Product Management 23 36 30 36 60 48 60 90 75 90 126 108 27 41 34 41 63 52 63 100 82 100 135 118

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 23: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

23

Roles in demand Top industries

*These employment trends are based on Michael Page’s data in the last 12 months.

$average salary increasewhen moving jobs

By the numbers*

Employment trends*

average number of candidates employers interview before

making a job offer

average time employers take to secure talent from start of

the search till joining

of interviews typically undergone by candidate with a company

before securing a position

Worldwide leaders in specialist recruitment

SALARYBENCHMARK

2018

IndiaEngineering & Manufacturing

www.michaelpage.co.in

“Companies are looking to expand their manufacturing operations and we see great potential in the engineering and manufacturing job market to have a positive uptick throughout the year.”

Chemical / Paints

Engineering

FMCG

Retail

• Manufacturing Head

• Research & Development

• Health, Safety & Environment

increase in number of positions in the last 12 months

60% 23-45%

6 professionals 4.5 months 3 rounds

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24

Salary Tables

SALARYBENCHMARK

2018 Engineering & Manufacturing

R&DDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Application Engineer 6 10 8 10 25 18 - - - - - - 6 10 8 10 25 18 - - - - - -

Product Design Engineer 6 10 8 10 25 18 - - - - - - 6 10 8 10 25 18 - - - - - -

Test Engineer 6 10 8 10 25 18 - - - - - - 6 10 8 10 25 18 - - - - - -

Project Manager - - - 15 40 28 30 75 53 - - - - - - 15 40 28 30 75 53 - - -

R&D Head - - - - - - 35 75 55 60 250 155 - - - - - - 35 75 55 60 250 155

ManufacturingDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Utilities and Controls 6 10 8 10 25 18 25 50 38 30 60 45 6 10 8 10 25 18 25 50 38 30 60 45

Maintenance Manager 8 12 10 12 30 21 30 60 45 35 65 50 8 12 10 12 30 21 30 60 45 35 65 50

Production Manager 10 20 15 18 40 29 40 70 55 - - - 10 20 15 18 40 29 40 70 55 - - -

Process / Operational Excellence 10 20 15 18 45 32 45 75 60 50 100 75 10 20 15 18 45 32 45 75 60 50 100 75

Plant / Site Head - - - - - - 45 75 60 50 150 100 - - - - - - 45 75 60 50 150 100

Head of Manufacturing / Operations / COO - - - - - - - - - 60 250 155 - - - - - - - - - 60 250 155

Quality Control / AssuranceDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Quality Control 6 12 9 12 25 19 25 35 30 - - - 6 12 9 12 25 19 25 35 30 - - -

Quality Assurance 6 12 9 15 30 23 25 40 33 - - - 6 12 9 15 30 23 25 40 33 - - -

Quality Director - - - - - - 35 65 50 40 100 70 - - - - - - 35 65 50 40 100 70

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

www.michaelpage.co.inWorldwide leaders in specialist recruitment

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25

Salary Tables

SALARYBENCHMARK

2018

EngineeringDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Civil / Electrical / Mechanical /Instrumentation Engineering 6 20 13 15 40 28 - - - - - - 6 20 13 15 40 28 - - - - - -

Head of Department (Engineering) - - - - - - 35 60 48 45 120 83 - - - - - - 35 60 48 45 120 83

Health / Safety / EnvironmentDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

HSSE 6 12 9 10 35 23 30 60 45 55 150 103 6 12 9 10 35 23 30 60 45 55 150 103

Technical ServicesDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Field Service Engineer / Technician 6 12 9 - - - - - - - - - 6 12 9 - - - - - - - - -

Sales Engineer 6 12 9 15 25 20 - - - - - - 6 12 9 15 25 20 - - - - - -

Service Manager / Supervisor - - - 10 30 20 - - - - - - - - - 10 30 20 - - - - - -

Project Coordination - - - 20 35 28 30 50 40 40 65 53 - - - 20 35 28 30 50 40 40 65 53

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

Engineering & Manufacturing

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 26: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

26

Salary Tables

SALARYBENCHMARK

2018

Project ManagementDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Contracts Manager 6 10 8 10 25 18 25 40 33 - - - 6 10 8 10 25 18 25 40 33 - - -

Project Engineer 6 12 9 15 30 23 - - - - - - 6 12 9 15 30 23 - - - - - -

Project / Program Director - - - - - - 30 60 45 60 125 93 - - - - - - 30 60 45 60 125 93

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

Engineering & Manufacturing

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 27: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

27

Roles in demand Top industries

*These employment trends are based on Michael Page’s data in the last 12 months.

$average salary increasewhen moving jobs

By the numbers*

Employment trends*

average number of candidates employers interview before

making a job offer

average time employers take to secure talent from start of

the search till joining

of interviews typically undergone by candidate with a company

before securing a position

Worldwide leaders in specialist recruitment

SALARYBENCHMARK

2018

IndiaProcurement & Supply Chain

www.michaelpage.co.in

“As India is on the cusp of becoming the manufacturing and shared services hub for South East Asia in 2018, demand for skilled industry professionals will increase. 3PL, Procurement and Supply Chain will play

a critical role in business operations.”

3rd Party Logistics Service Providers

Manufacturing Consumer Goods

Shared Service Centre

• Logistics & Planning

• Strategic Procurement

• Warehouse & Inventory

increase in number of positions in the last 12 months

37% 21-25%

6 professionals 4.5 months 3 rounds

Healthcare

Page 28: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

28

Salary Tables

SALARYBENCHMARK

2018 Procurement & Supply Chain

FMCG / Retail & Healthcare / Pharma

Top business school graduatesDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Procurement 14 30 22 25 45 35 40 75 58 75 120 98 15 30 23 30 50 40 45 80 63 75 120 98

Logistics (includingTransportation, Warehousing) 14 30 22 25 45 35 40 75 58 75 120 98 15 30 23 30 50 40 45 80 63 75 120 98

Supply Chain 14 30 22 25 45 35 40 75 58 75 120 98 15 30 23 30 50 40 45 80 63 75 120 98

Sourcing 14 30 22 25 45 35 40 75 58 75 120 98 15 30 23 30 50 40 45 80 63 75 120 98

Planning 14 30 22 25 45 35 40 75 58 75 120 98 15 30 23 30 50 40 45 80 63 75 120 98

FMCG / Retail & Healthcare / Pharma

Non business school graduatesDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Quality 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68

Procurement 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68

Logistics (includingTransportation, Warehousing) 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68

Supply Chain 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68

Sourcing 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68

Planning 7 15 11 14 30 22 25 45 35 40 85 63 8 15 12 15 35 25 25 50 38 45 90 68

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

www.michaelpage.co.inWorldwide leaders in specialist recruitment

Page 29: India Salary Benchmark 2018...8 Salary Tables SALARY BENCHMARK 2018 Medical Devices Top global medical devices companies DELHI MUMBAI SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

29

Salary Tables

SALARYBENCHMARK

2018

Captives / Shared ServicesDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Procurement Manager 14 20 17 15 35 25 - - - - - - 16 20 18 15 35 25 - - - - - -

Vendor / Supplier Relationship Manager 14 20 17 15 35 25 - - - - - - 16 20 18 15 35 25 - - - - - -

Strategic Sourcing Leader / Manager 14 20 17 15 35 25 - - - - - - 16 20 18 15 35 25 - - - - - -

Category / Commodity Manager - - - 15 40 28 30 50 40 60+ 100 100 - - - 15 40 28 30 50 40 60 100 80

GM / Head of Procurement - - - - - - 40 60 50 60+ 100 100 - - - - - - 40 60 50 60 100 80

CPO / Director P2P - - - - - - 40 60 50 60+ 100 100 - - - - - - 40 60 50 60 100 80

Industrial & ManufacturingDELHI MUMBAI

SALARY RANGE (INR Lacs) SALARY RANGE (INR Lacs)

YEARS OF EXPERIENCE 3-5 5-10 10-15 15+ 3-5 5-10 10-15 15+

ROLE MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV MIN MAX AV

Procurement Manager 12 25 19 25 45 35 - - - - - - 14 30 22 30 45 38 - - - - - -

Logistics (IncludingTransportation, Warehousing) 6 15 11 15 30 23 25 45 35 40 90 65 6 15 11 15 30 23 25 45 35 40 90 65

Sourcing 12 25 19 25 45 35 40 75 58 75 120 98 14 30 22 30 45 38 45 75 60 75 120 98

Quality 8 12 10 12 25 19 25 50 38 50 90 70 8 12 10 12 25 19 25 60 43 50 90 70

Head of Procurement - - - - - - 40 60 50 60 120 90 - - - - - - 40 60 50 60 120 90

Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specifi c circumstances relating to individual companies, please call us for additional information. 2. These fi gures are generally the total remuneration (i.e. cash), excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in these fi gures. Refer to our online version at https://www.michaelpage.co.in/salary-survey

Procurement & Supply Chain

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INDIA

Mumbai 5th Floor, 2 North Avenue,Maker Maxity, Bandra-Kurla Complex, Bandra (E),Mumbai BKC 400051, India T +91 2242363300 | F +91 2242363301 [email protected]

Delhi 1st Floor, Tower A, Building No. 8, DLF Phase - IIDLF CybercityHaryana Gurgaon 122002, IndiaT +91 1244525500 | F +91 244525555 [email protected]