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Salary for M.Sc IT Graduates: Highest Paying Job Roles for M.Sc IT [2021]

Are you an MSc IT student wondering what career you should pursue? Then you’ve come to the right place. This article will help you figure out your career and make an informed decision. You’ll learn the median MSc IT salary in India and discover the highest-paying jobs for people with this qualification. Let’s get started. 

Average Salary of MSc IT Graduates

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The average salary of MSc IT graduates in India is INR 7.17 Lakh per annum. Popular roles for MSc IT students include Software Developer, Senior Software Engineer, Technical Consultant, and Quality Assurance Engineer. Freshers’ MSc IT salary is INR 2.6 Lakh per annum. The salary of MSc IT graduates with sufficient industry experience goes up to INR 20 Lakh per annum. 

As you can see, your experience and skills matter a lot as they determine how much you’ll get paid. Apart from those factors, your location and employer matter too. For example, TCS gives around INR 4 lakh per annum to INR 20 Lakh per annum to MSc IT graduates. On the other hand, Cognizant’s MSc IT salary ranges from INR 7 Lakh per annum to INR 10 Lakh per annum. 

Read: Top Professional Courses After Graduation

Jobs with the Highest MSc IT Salary

You should know the roles that offer the best MSc IT salary. This knowledge can help you make a detailed career plan and figure out the best choice for you. Let’s begin: 

Senior Network Engineer

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A Senior Network Engineer designs and builds computer networks for their organization. They are responsible for the proper functioning of that network. Sometimes, they are tasked with managing the system for a third-party client. Their job has its challenges because the system should always be balanced.

It should allow for easy data flow. Network engineers require excellent problem-solving skills to fix any issues when the network starts facing problems. They might have to add security systems to the company’s existing networks. 

Another crucial skill for network engineers is budget management, as they have to build the required network within the designated sum usually. 

The average wages of Senior Network Engineers in India are INR 7.45 Lakh per year. Freshers in this role earn around INR 2.4 Lakh per annum. However, with more experience and expertise, their wages increase substantially. Professionals with 5 – 9 years of experience as network engineers earn around INR 7.98 Lakh per annum.

Senior Network Engineers with 10+ years of experience earn more than INR 10 Lakh per annum on average. Your location is also a determining factor in this field as network engineers in Bangalore make 10% more than the average, whereas they earn 19% less in Delhi. 

Security Consultant (IT)

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Security Consultants (IT) are specialists in network security who help companies secure their technological assets and networks. Such consultants are responsible for keeping their organization’s data safe from dangerous enterprises and malware.

Security consultants conduct regular audits across various departments to ensure they are safe from any digital threats. Security consultants are responsible for identifying weaknesses in the organization’s network.

They might have to create rules and regulations for the company’s staff, so they follow the best practices to avoid digital threats. The importance of cybersecurity professionals has increased substantially, and so, the pay of such professionals is quite lucrative.

The median pay of a Security Consultant (IT) in India is INR 7.24 Lakh per annum. Mid-career security consultants earn a median salary of INR 9 Lakh per annum. On the other hand, professionals in this field with more than ten years of experience are earning an average salary of INR 20 Lakh per annum.

It offers an excellent MSc IT salary. However, you would require additional certifications to pursue this role. To become a security consultant in IT, you’ll need a cybersecurity certification to learn the necessary skills and become the recruiter’s preferred choice. 

Software Test Lead

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Software testing is a crucial section of its development. That’s why a popular career choice for MSc IT students is Software Testing. A Software Test Lead is responsible for a test team. They have to apply testing processes while managing their team. They are responsible for the successful testing of the required software.

Their responsibilities depend on the kind of software their organization works on. Different software has different features and specifications; that’s why their duties can vary substantially. Testing might happen before the product is finished or after the same. That also depends on the kind of software the organization works on. 

The median pay of a Software Test Lead in India is INR 10 Lakh per annum. It is undoubtedly a lucrative field. However, you’ll need substantial industry experience and skills to pursue this role. As it is a management role, having an MBA will enhance your chances of bagging this role undoubtedly.

Other popular skills for this role are Test Automation, Planning, and Regression Testing. Beginners in this sector earn around INR 6.2 Lakh per annum. Seasoned professionals with more than ten years of experience can earn an average compensation of INR 11 Lakh per annum. 

Technical Consultant

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Technical consultants give expert advice and suggestions to their companies. Businesses often find technical consultants through consulting firms or other methods (LinkedIn, for example). Technical consultants help their customers get familiar with the required technology to use it for their operations.

That’s why you must have strong communication skills to excel in this field. Technical consultants usually have higher-level degrees and specific certifications in their areas. They troubleshoot and fix any equipment or technical problems present in their client’s system. Apart from troubleshooting, they install and set up their client’s systems and services. 

The median salary of a Technical Consultant in India is INR 8.2 Lakh per annum. Popular companies with technical consultants include Deloitte, Capgemini, HCL Technologies, etc. Beginners in this field earn a median salary of INR 3.48 Lakh per annum, whereas those with more than ten years of experience earn INR 14 Lakh per annum on average. 

Senior Software Programmer

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Senior software programmers are team leaders who are responsible for building or programming the required software for their clients. As the software sector has grown in our country, the demand for software developers and programmers has increased accordingly.

Senior software programmers are responsible for the overall development of their company’s software products. They must have strong problem-solving skills to overcome any obstacles that may arise during the testing and development processes.

Apart from those skills, they should be good leaders as they are responsible for their team’s performance. Many MSc IT professionals in this field get additional certifications according to their industry’s demands. 

The average pay of a senior software programmer in India is INR 8.75 Lakh per annum. With only 1-4 years of experience, you can earn around INR 4.26 Lakh per year in this field. On the other hand, experienced senior software programmers earn a median salary of INR 20 Lakh per annum. The most prominent companies that hire senior software programmers include Cognizant, IBM India, Accenture, and Tata Consultancy Services.

If you’re interested to learn more about software development, check out upGrad & IIIT-B’s PG Diploma in Full-stack Software Development which is designed for working professionals and offers 500+ hours of rigorous training, 9+ projects, and assignments, IIIT-B Alumni status, practical hands-on capstone projects & job assistance with top firms. Read more on software developer salary in India. 

Software Product Manager

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A product manager is responsible for the data collection, development, testing, launch, and performance of their company’s specific product. They manage a team of professionals and handle communications between different departments to avoid errors.

Product managers have to meet with clients to understand their requirements. They get feedback from customers and use it to enhance their product development. Product managers have to streamline the development process and plan their products’ commercialization to get the optimal results.

They need to stay updated with the latest industry trends. Apart from an MSc IT degree, you might need a product management certification to pursue this role. Companies look for skilled professionals, as this role demands a unique blend of technical proficiency and management skills. 

The average pay of a software product manager in India is INR 16.8 Lakh per annum. The most prominent employers for this role include Oracle and Dell. Beginners in this field start with an average salary of INR 10 Lakh per annum. Mid-career software product managers earn a hefty salary of INR 20 Lakh annum on average.

Those with more than 20 years of industry experience can earn up to INR 32 lakh per annum. Your location in this job matters a lot as it can affect your salary substantially. For example, Product managers in Bangalore earn around 18% more than the industry average. On the other hand, product managers in Delhi earn 28% less. 

Must Read: Highest Paying Jobs in India

Final Thoughts

We hope you liked this article on the median Msc IT salary and the best jobs for MSc IT graduates. If you have any questions or suggestions regarding this topic, please let us know by dropping a comment below.

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