Chennai, the capital of Tamil Nadu is the biggest Industrial hub and commercial centre for south India. The city is fourth largest metropolis. The emerging employment opportunities, lucrative living standard and better infrastructure attract south India migrate to Chennai.
Chennai is alone who contribute 39% to GSDP (Gross State Domestic Product) of the state (Tamil Nadu). The auto Industry is the major contributor by giving 35% of the country’s automobile’s component Industry. The Industrial chambers like CII (Confederation of Indian Industry) and ACMA (Auto Component Manufacturers Association) are having their think tank for improvement in regulatory policies.
The city hardly witness any strikes related to labor or payment dispute. This make the Chennai to be successful in attracting the domestic as well as the foreign investors. The Chennai have becomes a big manufacturing hub. This makes the city to labelled as “Detroit of India. Nearly 60% of the manufactured automotive exported. The city is having locational advantage of nearer to the coast. This makes easier to export the goods.
There are many International telecommunication giants, which are having their manufacturing units in Chennai, such as Nokia, Samsung, Dell Foxconn and Motorola etc. In India, the city come in second place for exporting software and related products. There are many Software companies like cognizant, TCS, Wipro, HCL, IBM and Hewlett-Packard having their offices in Chennai. Apart from this, the large number of automotive companies are Hyundai, Renault, Robert Bosch, Nissan Motors, Ashok Leyland, Daimler AG, Caterpillar Inc., Komatsu Limited, Ford, BMW and Mitsubishi.
Talking about the financial sector of Chennai, as per june 2012 report of RBI, Chennai comes in the fourth position in having deposits and third in having credit centre nationwide. The Major Financial Institutions in chennai are World Bank, Standard Chartered Bank, ABN AMRO, Bank of America, The Royal Bank of Scotland, Goldman Sachs, Barclays, HSBC, ING Group, Allianz, Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, Abu Dhabi Commercial Bank, Asian Development Bank, Credit Suisse, BNP Paribas Fortis, Irevna, Deutsche Bank and Citibank.
Salaries of Professionals and others in Chennai
Salaries in Chennai are very much lucrative to attract the efficient workforce in whole South India. The Project are managers are enjoying the highest salaries. They are paid around Rs. 10 lakh average annual packages. IT consultants are also enjoying similar thicker packages. They are given Rs. 6 lakh average annual packages. Programmer Analyst and software engineers are getting average annual package of Rs. 3.5 lakh. SAP consultants are also having luxuriant average annual package of Rs. 5.2 lakh.
Viewing the Salaries of Chennai in accordance with degree holder than we analyse them through the following table.
Salaries of Degree holders in Chennai
|Bachelor's Degree||Rs 170000 – Rs 13300000|
|Master of Business Administration (MBA)||Rs 195000 – Rs 1460000|
|Bachelor of Engineering||Rs 178000 – Rs 1220000|
|MBA HR||Rs 140935 – Rs 865029|
|Master of Computer Applications (MCA)||Rs 230000 – Rs 1000000|
|MSc. Information Technology||Rs 320000 – Rs 1230000|
Salaries in accordance with Industries
The salaries in Chennai of finance industry with experience of 1-3 years have been tabulated below
After Delhi, Chennai becomes the education cities in South India. The salaries of education sector are given in the table below.