The salary range varies significantly for graduate students in India, depending on the industry, location, and field of study, in addition to personal qualifications.
Therefore, the fresh graduates can be expected to take home an average of around ₹17,644 as a starting pay, which means around ₹211,728 as an annual wage.
JOB However, this figure may vary; for example, according to data from Talent.com, the average graduate salary is ₹325,000 per year, entry-level positions start at ₹237,500, and experienced professionals can earn up to ₹718,750 per year.
Geographical location is the main reason for the salary variation. Cities like Pune, Chandigarh, and Bengaluru provide new graduates with an average monthly salary of around ₹21,597, ₹19,496, and ₹19,036 respectively. Delhi provides a salary of around ₹18,337 per month.
The industry also impacts the earning potential significantly. For instance, an MBA graduate can expect a starting salary of ₹451,096.
Further, the average salary in India is said to be ₹32,000 per month, which translates to ₹384,000 per year.
In other words, while the average starting salary of a graduate in India is around ₹17,644 a month, the actual salary that graduates receive varies depending on several criteria such as industry, place, and personal experience.