The numbers you've provided are typically associated with mass recruiters who hire students fresh from college (most of whom are bad at coding). These companies (Infosys, Tcs etc.) pays peanuts compared to other reputed companies. The number of candidates for these mass recruiters is so high, it often reduces the average salaries.
If you only consider good colleges and good companies, the number would be around
out of 1.5 million most of the students are from tier 2 and tier 3 colleges. The education and opportunities in Tier 2 colleges makes most of the student employable while students from tier 3 colleges are barely employable.
out of 1.5 million only 10% are employable i.e 150k grads [1]
Out of that 150k, 50% will be employed by mass recruiters (Infosys, TCS, Cognizant, HCL, Wipro)
I find it hard to believe that only 10% of software developer graduates are unemployable. 90% unemployment is ridiculous. why would the graduates waste so much time with a 10% chance of employment.
Random google converter tells me the amount mentioned by OP for average developer salary of INR 4,20,000 gets to be $18,152 when PPP converted to USD. Is that an average developer salary in US? Something tells me it is not.
The numbers you've provided are typically associated with mass recruiters who hire students fresh from college (most of whom are bad at coding). These companies (Infosys, Tcs etc.) pays peanuts compared to other reputed companies. The number of candidates for these mass recruiters is so high, it often reduces the average salaries.
If you only consider good colleges and good companies, the number would be around
Fresh: $10k - $20k
3-5 YOE: $20 - $35k
>5 YOE - >$35k
What percentage of developers in india do you define to be from good colleges ? 15k IIT grads out of 1.5 million total ? So about top 1% ?
out of 1.5 million most of the students are from tier 2 and tier 3 colleges. The education and opportunities in Tier 2 colleges makes most of the student employable while students from tier 3 colleges are barely employable.
out of 1.5 million only 10% are employable i.e 150k grads [1] Out of that 150k, 50% will be employed by mass recruiters (Infosys, TCS, Cognizant, HCL, Wipro)
You can see more accurate salary points here https://www.levels.fyi/t/software-engineer/levels/entry-leve...
[1] https://www.business-standard.com/finance/personal-finance/o...
I find it hard to believe that only 10% of software developer graduates are unemployable. 90% unemployment is ridiculous. why would the graduates waste so much time with a 10% chance of employment.
LLMs will likely put “offshore” out of business.
https://en.wikipedia.org/wiki/Purchasing_power_parity
Random google converter tells me the amount mentioned by OP for average developer salary of INR 4,20,000 gets to be $18,152 when PPP converted to USD. Is that an average developer salary in US? Something tells me it is not.
https://www.paritydeals.com/ppp-calculator/india-vs-united-s...
you can always keep jumping employers if you sense you're being underpaid
god i love our industry