Wednesday 7 December 2022
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EconomyBusinessInfosys, Wipro, TCS etc pay software engineers less salaries than startups

Infosys, Wipro, TCS etc pay software engineers less salaries than startups

Software engineers in startups such as Sharechat, CRED, Swiggy, Meesho, etc are earning a lot more than their peers who have been working at big IT companies such as Infosys and Wipro — according to Amit Singh, of Weekday, a firm that helps companies hire information professionals. Singh says Sharechat is the highest-paying startup, paying Rs 47 lakh per annum to engineers who have 4 years of experience. 

CRED and Meesho trail Sharechat with pay packages of Rs 40 lakh per annum and Rs 39 lakh per annum respectively. Then there are and Oyo pay way at Rs 22 lakh per annum and Rs 25 lakh per annum respectively.

Startups Byju’s, Zomato and Flipkart respectively offer Rs 22 lakh, Rs 32 lakh and Rs 36 lakh per annum to their software engineers who have similar experience in their field, Weekday data show.

With more experience, the software engineers get about 10% of increment in their salaries as they switch in a unicorn startup.

In comparison, in big IT companies such as Wipro, Infosys and TCS, software engineers with 4 years of experience are reportedly paid just about Rs 10 lakh per annum. A fresher's salary at these companies is reportedly Rs 7 lakh per annum, much less than what a startup offers.

Despite the fact that the software engineers get higher pay packages than the big IT companies, they stay at the startups for not more than 1.5 to 2 years on an average. Reportedly, most engineers working at startups stick to the first employer for about 1.4 years as compared to 2.4 years on average of Infosys engineers, show Weekday data.

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