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

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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. [{ "selector": ".rzqkk-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 367px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

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. [{ "selector": ".srnwu-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 391px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

TCS

The salary of TCS CEO increased more than thrice while salary of fresher increased a little more than two times. [{ "selector": ".ogpde-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 414px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Infosys

The salary of Infosys CEO increased nearly 100 times. [{ "selector": ".ctzwl-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 437px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Wipro

Salary of Wipro CEO increased almost ten times in the last ten years. [{ "selector": ".crgzd-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 422px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

HCL Tech

Salary of HCL Technologies CEO went up over 15 times while salary of fresher has increased only 1/6th times. [{ "selector": ".bkaqm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 418px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Tech Mahindra

Salary of Tech Mahindra CEO increased 63 times. [{ "selector": ".nsjjr-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 447px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

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. [{ "selector": ".tppjl-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-162.5859165384312px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Industry veterans take

This discrepancy in the salaries between the CEOs and freshers is not lost on industry veterans. [{ "selector": ".neqzm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 435px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

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.” [{ "selector": ".wowpd-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 351px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

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

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