India's Entry-Level Job Market Set To Thrive With Competitive Salaries Across Sectors: Report
The report highlights the changing landscape of entry-level job roles across key sectors like Global Capability Centers, IT Products & Services, and Non-Tech industries for FY 2024-25
The Software Development and Engineering domain, which involves coding, designing, and maintaining software, is set to offer competitive salaries, according to a recent report from TeamLease. The growing demand for AI/ML skills further boosts opportunities in this field.
TeamLease Digital's analysis highlights the changing landscape of entry-level job roles across key sectors like Global Capability Centers (GCCs), IT Products & Services, and Non-Tech industries for FY 2024-25.
The report also reveals that entry-level salaries in this domain are expected to be Rs 9.37 lakhs per annum (LPA) in GCCs, Rs 6.23 LPA in IT Products & Services, and Rs 6 LPA in Non-Tech sectors by the end of FY 2024-25.
GCCs will offer the highest salaries in cybersecurity and Network Administration, which are vital for protecting IT infrastructure. GCCs are expected to pay Rs 9.57 LPA, a 40.12 per cent premium over the IT Products and Services sector, which will offer Rs 6.83 LPA, while Non-Tech sectors will offer Rs 5.17 LPA, states the report.
In Data Management and Analytics, which focuses on collecting and analysing data to support decision-making, salaries are projected at Rs 8.73 LPA in GCCs, Rs 7.07 LPA in IT Products and Services, and Rs 6.37 LPA in Non-Tech sectors, as per the report.
It also highlights that Cloud Solutions and Enterprise Applications Management roles, focusing on cloud platforms and ERP systems, will see entry-level salaries of Rs 7.67 LPA in GCCs and Rs 6.07 LPA in IT Products and Services. The Non-Tech sector is expected to offer Rs 6.53 LPA, around 8 per cent higher than the IT sector, due to solid cloud adoption across industries like BFSI, healthcare, and manufacturing.
In FY 2024-25, GCCs will focus on hiring roles like Penetration Tester, Data Scientist, Full Stack Developer, Software Developer, and Customer Success Specialist, with salaries ranging from Rs 11.8 LPA to Rs 8.8 LPA. The IT Products and Services sector is looking for Big Data Developers, IT Auditors, RPA Business Analysts, Cloud Security Engineers, and IoT Engineers, with salaries between Rs 9.7 LPA and Rs 6.9 LPA. Non-tech sectors are concentrating on roles such as Data Engineer, SAP ABAP Consultant, Cloud Support Engineer, Cybersecurity Analyst, and Automation Engineer, with salaries ranging from Rs 9.4 LPA to Rs 6 LPA.
Speaking on entry-level tech roles across industries, Neeti Sharma, CEO of TeamLease Digital, said, “India's entry-level job market is witnessing dynamic changes, as highlighted by our data for FY2024-25. While IT Services have seen a slowdown in fresher and entry-level hiring over the last 2–3 years, it is the Global Capability Centers (GCCs) and Non-Tech sectors that have emerged as the torchbearers for welcoming young talent and offering rich opportunities. GCCs are expected to lead the way, offering premium salaries, particularly in roles like Penetration Testing and Data Science, with average packages reaching INR 11.8 LPA. This surge can be attributed to the rapid expansion of GCCs in India employing more than 1.66 million people and their need to maintain global standards.
“Functional domains like Cybersecurity and Data Analytics are witnessing heightened demand across industries, creating ample opportunities for entry-level talent. As organizations across GCCs, IT, and Non-Tech sectors evolve their talent acquisition strategies, entry-level candidates stand to gain immensely by equipping themselves with hybrid skills that align with industry requirements,” she added.
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