Newspatrolling.com News cum Content Syndication Portal Online
~ Top 25% of software development program learners land Rs 48 LPA, and DSML program learners around Rs 35 LPA on average
~ Beyond technology, skilled software professionals are in high demand across industries like e-commerce, FinTech, and Logistics & Supply Chain
~ Marquee brands, Amazon and Microsoft, retain the top two spots as hirers from Scaler Academy
New Delhi, June 20, 2024
Scaler, a leading education provider in India, has announced that the learners from its upskilling programs – Scaler Academy and Scaler DSML (Data Science & Machine Learning) – have secured a median salary hike of 150% and 110% respectively in the last two years, according to an audited Career Transition Assessment Report.
The report, assessed by B2K Analytics, the agency that audits IIM Ahmedabad’s placement reports, discloses that the top 25% of software development program learners secured an average package of Rs 48 LPA, while the middle 80% received an average package of Rs 25 LPA. The same numbers reflect 35 LPA and 18 LPA for graduates of the data science program, respectively.
The increase in average salary hike reflects the continuing demand for skilled professionals in the ever-evolving tech landscape. This trend aligns with the data from the 2022 report, indicating a persistent need for upskilling to meet industry requirements.
The report highlights a substantial jump in the average salaries of learners. Pre-upskilling, the average CTC of learners stood at Rs 17.77 LPA, which has now surged to Rs 33.73 LPA post-upskilling. Parallelly, the average salary of learners from the data science cohort prior to upskilling stood at 15.47 LPA. Post upskilling, the average CTC secured by them shot to 30.68 LPA, reflecting the efficacy of upskilling and continuous learning in elevating tech career prospects.
The report also reveals that the key roles in high demand among software development recruiters include Senior Developer, with companies offering an average CTC of Rs. 32.04 LPA, and mid-senior Developer, with an average CTC of Rs 34.69 LPA. Notably, tech professionals employed as System engineers and Support engineers in service-based companies prior to upskilling secured the highest salary hikes post-upskilling in software development.
Additionally, the report also reveals insights into high-paying roles within the data science and machine learning fields. Senior Data Scientists and Senior Developers hold top positions in average CTC, earning Rs 20.28 LPA and Rs 24.06 LPA, respectively. Interestingly, professionals securing Senior Machine Learning Engineer roles post-upskilling received one of the highest salary increments, securing an average hike of 150%.
