How much does an average Indian engineer earn at the age of 25-30?

Updated on : January 20, 2022 by Evan Palmer



How much does an average Indian engineer earn at the age of 25-30?

Salary is one thing that is most discussed and mainly focused on in India. Salary never depends on the knowledge he has, in India if he needs to have salary above 3 lak, first and foremost, he must have relevant experience, like a new one if he wants to get salary from gud then he must Exit from a very reputable university otherwise you will never have a chance to earn a salary above the 3 lak package. That is the reason why all broad-minded Indians choose another country for their education and income. If you need to get a very good salary in India, you have to be prepared for any problem, it is not easy either.

First of all, congratulations on saving 10 lakh rupees while living and working in India. It took a lot of discipline and sacrifice to save so much at age 28. I wonder how much people have saved at each stage of their life, statistically, but there is a good chance that I am way ahead of the majority. people at 28. By the looks of it, you'll go much further than your peers at any age.
There are a couple of things you need to focus on:
1) Don't compare yourself to people who save 1 cr or 60 liters and buy flats, especially if you are reading about them and don't know their

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First of all, congratulations on saving 10 lakh rupees while living and working in India. It took a lot of discipline and sacrifice to save so much at age 28. I wonder how much people have saved at each stage of their life, statistically, but there is a good chance that I am way ahead of the majority. people at 28. By the looks of it, you'll go much further than your peers at any age.
There are a couple of things you should focus on:
1) Do not compare yourself to people who save 1 cr or 60 liters and buy flats, especially if you are reading about them and do not know their history personally. There can be many factors: inheritance, loans, etc.
Do what you can. Be better than you were yesterday.
2) Learn to invest. Be an excellent investor. Don't become an intraday trader, but have a diversified portfolio. Read like crazy about this and educate yourself. The Internet can point to many good resources. Tony robbins's "Money - master the game" is a good start, but his book focuses on the United States. It still has a LOT of good principles and examples that you can learn from and Tony is one of the greatest Masters of all disciplines that ever lived. I can swear by any of their products for any field in your life, but that's another story. Rich dad, poor dad is also a good place to start. Your books are good, but take whatever concepts you think are good and leave the rest.
3) Buying a flat in India does not always equate to a good investment, nor is it something you should do because society says that at a certain age you must say that you have "settled". Think about doing with your money what YOU feel is best.

4) While you sacrifice yourself, paying yourself first, in order to get some net worth, living frugally is great; make sure you don't live a normal boring life. Money is and should be a servant to make life easier and more memorable. Be sure to travel and enjoy once in a while. Money will probably come back if it is spent, but time never does. Later on, you will never have the opportunity to travel as a single person, or you may not be able to travel with friends. The quality of your life is the quality of your emotions, your experiences, your memories.

Lastly, if you really want to know how people are saving 1 crore at age 30, do some math on the excel sheet. See what salary they need to have, how much they need to save. Example: 5 years of savings of 20 lakhs is 1 crore. 10-year savings of 10 lakhs is also 1 crore.
This is just for savings. What about compound interest on FD? What about the return of shares? If I had put him on FD from the moment he started winning, he could have had 15 or 20 or even lakhs more today.
Don't beat yourself up for it. Learn and improve.

This question is a perfect example of the materialistic psychology of people today. Although I have a 2BHK apartment in Posh Area in Kolkata and can afford a car at any time, so far I have contributed 7 years to the IT service industry of India. Still, I take the opportunity to answer this interesting question.

There is a cardinal rule in life:

  1. Financial success <is not equal to> career success.
  2. Financial success <Is proportional to> Career success depending on various factors.

Not just a software engineer, any professional who has a salaried job usually doesn't get super rich. There are very few, rath

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This question is a perfect example of the materialistic psychology of people today. Although I have a 2BHK apartment in Posh Area in Kolkata and can afford a car at any time, so far I have contributed 7 years to the IT service industry of India. Still, I take the opportunity to answer this interesting question.

There is a cardinal rule in life:

  1. Financial success <is not equal to> career success.
  2. Financial success <Is proportional to> Career success depending on various factors.

Not just a software engineer, any professional who has a salaried job usually doesn't get super rich. There are very few quite rare examples.

So what are the options that remain? Basically we have 2 options Save or Invert. Assuming that an average Fresher earns a salary of Rs 30,000 per month at the age of 24-25 years. Generally at this age, expenses are low, so meeting the needs with two-thirds of the salary would not be a challenge, unless it is someone extravagant.

Let's start with the contribution of Rs 10,000 per month and increase the contribution by Rs 700 every year (as the average growth in IT industry is 10% every year). Now let's see the return of the 2 options.

  1. Savings: Standard or recurring FD deposits yield a 6% to 8% return. Most of the time your money is safe.

2. Investments.

Standard investments offer a return rate of 15% to 25%. Investments like mutual funds, stocks, SIPs contain some kind of market risk.

Now, after 10 years, your age will be 34 to 35 and you have a considerable amount in your bank. You can use this money in some productive way.

For example, if you are in Kolkata and manage to gather around 45 lacs, you can buy 2 decent 1bhk apartments in low cost areas, preferably near engineering / medical universities or BPO / Call Center prone areas. Give it for Rent to Students or Young Professionals. The average rent now in Kolkata is Rs 10,000 per apartment. Bearing in mind that 10% of the rent goes to the maintenance of the property every month. Raise Rs19000 every month.

Now repeat the Investment scheme with this amount for the next 10 years. You can do something around 1cr when you are between 44 and 45 years old.

Your income from other sources such as on-site, performance incentives are added perks.

So the moral of the story is: - Your financial success largely depends on how you plan and use your money effectively.

I know many people who have great careers with 25lac + annual packages, but due to their lifestyle, they are still in debt and unsure of their financial future.


Hope this inspires. All the best.

Here, by good salary, I assume you mean a salary that you can live independently, save on, and invest on. While it can definitely be said that a good salary generally depends a lot on one's standard of living, personal choices, and hobbies, a general formula that I commonly refer to to calculate a good salary is

<25 - Total number of years of experience * (k = 3.5)

<30 - Total number of years of experience * (k = 3)

<35 - Total number of years of experience * (k = 2.5)

<40 - Total number of years of experience * (k = 2)

So from India's perspective, if someone starts working after graduating at 21 and has 3 years of experience (hence 24 years), a

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Here, by good salary, I assume you mean a salary that you can live independently, save on, and invest on. While it can definitely be said that a good salary generally depends a lot on one's standard of living, personal choices, and hobbies, a general formula that I commonly refer to to calculate a good salary is

<25 - Total number of years of experience * (k = 3.5)

<30 - Total number of years of experience * (k = 3)

<35 - Total number of years of experience * (k = 2.5)

<40 - Total number of years of experience * (k = 2)

So from India's perspective, if someone starts working after graduating at 21 and has 3 years of experience (hence 24 years), a good salary could be 3 * 3.5 = 10.5

But if the same person decides to do an MBA and later gets a job, suppose that at 28, I suppose a good salary would be 7 * 3 = 21. Here, I have counted the no. years in MBA as experience.

But if someone is 26 and has only been working for 2 years, he is not. it would be 2 * 3 = 6.

I came up with this formula after looking at the salaries of IIT / NIT / IIM / ISB graduates over the years, and also from facts and figures around acquaintances near and far.

After 40 years, I find that he does not. factors (such as location, family dependency, commitments, etc.) increase a lot, so does the deviation in income. So it becomes more difficult to estimate something so granular. But as a general rule, Total does not. years of experience * 2 should also work for those over 40.

PS: To adjust for inflation, you can take 2018 as your base and add (subtract) 0.5 from the multiplier (k) as you go (backward) in time every 5 years.

Hahahahahhhahhhhhahah! Such an interesting question!

Let me tell you that the concept of average does not seem very useful to me, the range will be better.

  1. Speaking about range, I am sad to tell you the details that the main population is even struggling to find a job, which is why most of the people are low income.
  2. Speaking from the perspective of an engineer, people who are engaged in COMPUTER SCIENCES are more confident and take the maximum package compared to other students from other streams.
  3. It also depends from university to university as students from IIT i.e Indian institute of technology earn packages from 3 lacs to 1.5 Crores in
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Hahahahahhhahhhhhahah! Such an interesting question!

Let me tell you that the concept of average does not seem very useful to me, the range will be better.

  1. Speaking about range, I am sad to tell you the details that the main population is even struggling to find a job, which is why most of the people are low income.
  2. Speaking from the perspective of an engineer, people who are engaged in COMPUTER SCIENCES are more confident and take the maximum package compared to other students from other streams.
  3. It also depends from university to university as students from IIT i.e Indian institute of technology earn packages from 3 lacs to 1.5 Crores on Google per year, while at local university the highest package may be of only 4-5 lacs.
  4. Many students do not take placements and choose to study more like MBA, M.Sc, etc. So they are still studying at the age of 22.
  5. Some students have family businesses and feel privileged and happy to join it and continue to add their own ideas to further grow the business.
  6. Lastly, I just want to say, TRY YOUR BEST, and GIVE YOUR BEST after entering any platform.
  7. Taking the example of engineering again, dream and work hard to get into an IIT. And no matter what IIT college or local college, do your best there, you can be the best, and you can achieve a package more than an IIT STUDENT.
  8. All the best! :)

Different people have different expectations of you. If you are getting married at the age of 27, you must be earning roughly 50k (if your fiance also earns half or more than you) to live a decent life. But today, there is a trend, if people earn equal or more than their friends with whom they started their career, then they are only somewhat satisfied. Money should never be the yardstick to judge yourself from others. I've seen people earn 1 lakh per month, but their personal life is totally screwed up. They are nowhere near happiness in their life. Contrary to this,

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Different people have different expectations of you. If you are getting married at the age of 27, you must be earning roughly 50k (if your fiance also earns half or more than you) to live a decent life. But today, there is a trend, if people earn equal or more than their friends with whom they started their career, then they are only somewhat satisfied. Money should never be the yardstick to judge yourself from others. I've seen people earn 1 lakh per month, but their personal life is totally screwed up. They are nowhere near happiness in their life. Contrary to this, I have seen people who earn only 25k per month and enjoy their life to the fullest. Money is directly proportional to NO personal life (at least in private sector jobs). The higher the money,

Hi brother

First of all, you are not a brother.

First accept that you are a man, not a boy.

Now I would like to congratulate myself on getting a lac.

We would also like to get a great deal if it is possible to share our profile or work experience so that other people also get motivated and work hard.

and your question is totally up to you ...

How do I find that my salary is good or not? I receive my salary every 10th of the month, and I check my bank balance every 8th of the month to see how much I have saved for this month. This is how I find it.

after all, everything is your salvation.

all the best I wish you w

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Hi brother

First of all, you are not a brother.

First accept that you are a man, not a boy.

Now I would like to congratulate myself on getting a lac.

We would also like to get a great deal if it is possible to share our profile or work experience so that other people also get motivated and work hard.

and your question is totally up to you ...

How do I find that my salary is good or not? I receive my salary every 10th of the month, and I check my bank balance every 8th of the month to see how much I have saved for this month. This is how I find it.

after all, everything is your salvation.

all the best wish you have more success

It ranges from Rs. 6 lakhs per year to 50 lakhs per year. It is difficult to put a certain number or range.

Since I started working in the IT industry, I have heard of this "golden rule" that the annual salary should be 1 Lakh per year of experience for a typical IT professional. Therefore, the typical salary should be around 10-12 lakhs per year for a typical IT professional. For in-demand skills, this could amount to 1.5 or 2 Lakhs per year of experience.

However, there are some niche skills and there are some (rare) cases of companies paying salaries of up to Rs 50 lakh per year.

Enough to make ends meet.

Even less than that will be fine, as long as you manage to eat three meals a day and keep your health in good shape.

You see, a popular mistake most 20-year-olds make (right after graduation) is running after money. While money should definitely be one of the deciding and driving factors in choosing a career, it should not be the only factor or the important factor.

The only thing you should focus on at 23 is how much you are learning.

I can literally give you several examples of people who joined a company / startup where they were

Keep reading

Enough to make ends meet.

Even less than that will be fine, as long as you manage to eat three meals a day and keep your health in good shape.

You see, a popular mistake most 20-year-olds make (right after graduation) is running after money. While money should definitely be one of the deciding and driving factors in choosing a career, it should not be the only factor or the important factor.

The only thing you should focus on at 23 is how much you are learning.

I can literally give you several examples of people who joined a company / startup where they were earning peanuts for wages, but they managed to gain a ton of skills. Each and every one of them currently receives more than 10 salaries from LPA, and some also earn much more than that.

Instead of focusing on how much you are earning, focus on how much you are learning. One of the benefits of being 23 is that you literally have no one to care for; no family, no wife, no children.

Your 20s are the time when you can set the right path for the rest of your professional life. Make sure you get it right.

Health!

Set your goal to earn double your expenses. You will never land in inyo trouble.

Don't worry about what the average salary is. These things will not change your life. Only you and the income from the tour will change your life.

50 pct of savings and invest them wisely. In less than 10 years you don't need to work for money, but the money will work for you.

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