Infosys, Wipro, TCS: IT CEOs' salaries up 1,500% but freshers' salary up only 50% in last 10 years

CEO Salaries vs Freshers'
Salary Hikes 

The IT sector has witnessed stunted salary hikes for freshers in the past 10 years compared to their CEOs, a Business Today analysis shows. The salaries of freshers have increased 46.94 percent while the salaries of CEOs have zoomed 1,492.27 per cent.

Salaries of CEOs Up 1500%

The median salary of CEOs is up 1,449.02 per cent while the median salary for freshers is only up 40 per cent, the Business Today analysis highlighted.

TCS

The salary of TCS CEO increased more than thrice while salary of fresher increased a little more than two times.

Infosys

The salary of Infosys CEO increased nearly 100 times.

Wipro

Salary of Wipro CEO increased almost ten times in the last ten years.

HCL Tech

Salary of HCL Technologies CEO went up over 15 times while salary of fresher has increased only 1/6th times.

Tech Mahindra

Salary of Tech Mahindra CEO increased 63 times.

CEO salary growth V/S Fresher salary growth

The median salary of CEOs is up 1,449.02 per cent while the median salary for freshers is up 40 per cent.

Industry veterans take

This discrepancy in the salaries between the CEOs and freshers is not lost on industry veterans. 

T.V. Mohandas Pai on Salary Disparity

T.V. Mohandas Pai, former CFO at Infosys, said, “There has been no increase in compensation for freshers. They are being paid the same Rs 3.5-4 lakh that companies were paying 10-12 years ago. During this time, the salary for managers and seniors has gone up 4x, 5x, 7x.”

Infosys, TCS, HCL: Top 3 IT firms hire 18,000 freshers in last 3 months

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