Workosaur Salary Survey Report 2008-09

Workosaur Salary Survey Report 2008-09 Where do you stand? Findings of a first-of-its-kind salary survey of senior professionals working in India across different functional areas.

Workosaur Salary Survey Report 2008-09

TABLE OF CONTENTS OBJECTIVE OF THE SURVEY..................... 3 METHODOLOGY...................................... 3 FINDINGS ................................................ 3 USING THIS REPORT ............................... 3 ABOUT WORKOSAUR ............................. 3 SALARIES IN CONSULTING, STRATEGY & PLANNING .............................................. 4 BATCH OF 2007 AND 2008 ................................... 4 BATCH OF 2006 .................................................. 5 BATCH OF 2005 .................................................. 6 BATCH OF 2004 .................................................. 7 BATCH OF 2003 .................................................. 8 BATCH OF 2001 & 2002 ...................................... 9 BATCH OF 1998, 1999 & 2000 ............................10 BATCH OF 1988 TO 1997 ....................................11

SALARIES IN FINANCE & ACCOUNTING . 12 BATCH OF 2007 AND 2008 ..................................12 BATCH OF 2006 .................................................13 BATCH OF 2005 .................................................14 BATCH OF 2004 .................................................15 BATCH OF 2003 .................................................16 BATCH OF 2001 & 2002 .....................................17 BATCH OF 1998, 1999 & 2000 ............................18 BATCH OF 1988 TO 1997 ....................................19

SALARIES IN SALES, BUSINESS DEVELOPMENT & MARKETING ............. 20 BATCH OF 2007 AND 2008 ..................................20 BATCH OF 2006 .................................................21 BATCH OF 2005 .................................................22 BATCH OF 2004 .................................................23 BATCH OF 2003 .................................................24 BATCH OF 2001 & 2002 .....................................25 BATCH OF 1998, 1999 & 2000 ............................26 BATCH OF 1988 TO 1997 ....................................27

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The Workosaur Salary Survey Report 2008-09 can also be seen online at the following URL: http://www.workosaur.com/salary/

Workosaur Salary Survey Report 2008-09

Objective of the Survey The Workosaur Salary Survey is an Annual Survey which is conducted with the objective of providing senior professionals with data to benchmark their salary against prevailing industry standards within their functional area. The functional areas being covered under this survey are: 1. Consulting, Strategy & Planning 2. Finance & Accounts 3. Sales, Business Development & Marketing

Methodology The Workosaur Salary Survey Report is based on salary (including variable component) data made available by 3200 top professionals in India. We restricted the audience to alumni of the top 10 business schools in India. This restriction has been imposed so that the readers of this survey can benchmark themselves against the best in the industry. Within a particular function, we have then analyzed data in clusters – each cluster consisting of those from a particular bschool batch. The batch was chosen as the basis of analysis because of the specific tendency exhibited by professionals to know where they stand amongst their school batch.

Findings For each cluster of data, we have then presented a Salary Distribution Chart, Average Annual Salary and a Designation Cloud. The Salary Distribution Chart is a pie chart depicting the distribution, within a cluster, in different annual salary ranges. The

Average Salary is the mean annual salary within a cluster. The Designation Cloud is a weighted list of the designations that are common to a particular cluster with the font-size of a particular designation corresponding to its relative prevalence in that cluster.

Using this Report • •

• • •

Narrow down to your functional area. Narrow down to your b-school/postgraduation batch. (If you have not completed your post-graduation, then select a batch four years from the completion of your under-graduation.) Check where you stand when compared with the best talent in the industry. If you are unhappy with your standing, then head to www.workosaur.com and apply for a higher-paying job. Next, send this report to as many of your friends as possible.

About Workosaur Workosaur.com is a free job board for senior positions i.e. jobs that pay more than Rs. 10+ lakh per annum. Unlike the other job sites, Workosaur truly focuses on aggregating the most lucrative jobs in India and overseas - C-level, vice president, director and manager positions. We explicitly ask employers to use our job board only for positions for which they can afford to pay more than Rs. 10 lakh. This also means that the site serves only the most qualified job-seekers - those currently earning Rs. 7.5+ lakh per annum. Those earning less would be wasting their time applying to the jobs on Workosaur.

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Workosaur Salary Survey Report 2008-09

Salaries in Consulting, Strategy & Planning Batch of 2007 and 2008 Average Qualification: MBA/PGDM + 3.5 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud assistant-consultant manager associate

assistant-manager assistant-manager-strategy assistant-project-

associate-consultant associate-general-manager-strategic-

planning business-analyst

consultant

consultant-strategy corporate-manager deputy-

general-manager deputy-manager economist executive-assistant-tomd

manager

manager-business-development manager-business-development-strategic-

planning manager-corporate-strategy-business-development manager-planning manager-specialprojects manager-strategic-initiatives manager-strategic-planning ratings-analyst

senior-

consultant senior-manager senior-manager-alliances senior-managerstrategy senior-officer six-sigma-black-belt vice-president

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Workosaur Salary Survey Report 2008-09 Batch of 2006 Average Qualification: MBA/PGDM + 5 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud analyst

assistant-manager assistant-manager-business-

development

manager

associate-consultant

consultant

consultant key-account-manager lead-consultant

associate-

consultant-strategy implementation-

manager

manager-business-

development manager-new-ventures principal-consultant principal-counsellor project-development-manager senior-analyst senior-business-analyst

senior-consultant senior-domain-consultant senior-

manager senior-manager-corporate-strategy strategic-account-manager

Page 5 of 28

Workosaur Salary Survey Report 2008-09 Batch of 2005 Average Qualification: MBA/PGDM + 6 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud assistant-manager assistant-manager-consulting assistant-project-manager associate-consultant associate-

manager business-analyst client-manager

consultant

strategy director executive-officer-to-md management-consultant

development project-lead

consultant

manager

consultant-

manager-business-

senior-

senior-manager senior-manager-business-development staff-

officer-to-director

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Workosaur Salary Survey Report 2008-09 Batch of 2004 Average Qualification: MBA/PGDM + 7 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud advisor analyst assistant-general-manager associate-

manager

consultant

development executive-assistant-to-business-director

deputy-general-manager-business-

manager manager-business-

development manager-business-planning manager-business-planning-strategy project-

leader

project-manager senior-analyst-strategy-development

consultant

senior-

senior-consultant-strategy senior-manager-business-planning

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Workosaur Salary Survey Report 2008-09 Batch of 2003 Average Qualification: MBA/PGDM + 8 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud

advisor

associate-director

consultant

head

business-

consultant-strategy deputy-general-manager divisional-

head engagement-manager executive-assistant managementconsultant

manager

manager-business-analytics manager-business-

development manager-business-planning manager-corporate-strategy senior-client-manager

senior-consultant senior-

manager

vice-president-corporate-planning

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Workosaur Salary Survey Report 2008-09 Batch of 2001 & 2002 Average Qualification: MBA/PGDM + 9.5 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud assistant-consultant assistant-vice-president business-consultant chief-manager consultant consultantstrategy deputy-general-manager director executive-assistant-to-chairman executive-assistant-tocountry head head-strategic-initiatives lead-consultant

manager

manager-business-

advisory-services manager-planning principal-consultant product-program-manager resource-development-

manager

senior-consultant

senior-

manager senior-manager-business-development senior-managing-consultant vice-president

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Workosaur Salary Survey Report 2008-09 Batch of 1998, 1999 & 2000 Average Qualification: MBA/PGDM + 12 years of work experience Salary Distribution Chart

Average Annual Salary

Designation Cloud account-manager assistant-general-manager-corporate assistant-vice-president associate associate-director chief-financial-officer chief-manager

consultant director manager program-manager senior-consultant senior-manager

management-

consultant

manager-consulting principal-consultant

regional-head

strategy vice-president

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Workosaur Salary Survey Report 2008-09 Batch of 1988 to 1997 Average Qualification: MBA/PGDM + 18.5 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud associate-vice-president business-head consultant deputy-general-

manager

engagement-manager general-

manager consultant managing-director

general-manager-strategy joint-director management-advisor management-

partner

practice-lead president-business-development senior-

executive-assistant-to-director senior-strategy-manager strategic-planner vertical-head

vice-president Page 11 of 28

Workosaur Salary Survey Report 2008-09

Salaries in Finance & Accounting Batch of 2007 and 2008 Average Qualification: MBA/PGDM + 3 years of work experience Salary Distribution Chart

Average Annual Salary

Designation Cloud agency-manager

analyst area-collections-manager area

manager assistant-general-manager finance assistant-manager-treasury

-manager

area-sales-

assistant-manager

assistant-manager-project-

assistant-vice-president associate associate-relationship-

manager audit-executive avp-custody-and-clearing avp-marketing branch-head analyst cluster-manager-sales-and-branch corporate-credit-analyst

branch-manager business-

corporate-debt-products-analyst credit-

deputy-manager deputy-manager-capital-markets equity-research-analyst equityspecialist forex-dealer head management-associate manager manager-businessanalyst dealer

excellence manager-corporate-planning

manager-credit manager-sme-private-equity market-risk-

manager officer operations-manager practice-manager-asset-management-and-treasury product-manager-mutual-funds product-

regional-creditmanager regional-head-corporate-banking regional-manager relationship-manager sales-

manager-retail-banking project-finance-manager project-manager-equity-and-commodity

manager sales-officer senior-analyst senior-business-analyst senior-manager senior-managercorporate-banking territory-collection-manager territory-manager

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Workosaur Salary Survey Report 2008-09 Batch of 2006 Average Qualification: MBA/PGDM + 4.5 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud

analyst

area-manager

vice-president

assistant-manager

assistant-

assistant-vice-president-credit-and-

risk associate associate-institutional-equities branch-

manager business-analyst credit-analyst equity-analyst equity-research-analyst chief-manager

head-banking-and-treasury-

manager

operations

and-treasury

portfolio-manager practice-manager-asset-management-

product-manager relationship-manager relationship-manager-corporate-

banking sales-manager senior-associate senior-business-consultant

manager

senior-

senior-manager-project-finance senior-research-associate territory-debt-

manager vice-president vice-president-investment-banking

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Workosaur Salary Survey Report 2008-09 Batch of 2005 Average Qualification: MBA/PGDM + 5.5 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud acquisitions-head analyst analyst-retail-banking

area-sales-manager

assistant-manager

associate

associate-

manager avp branch-manager business-analyst credit-analyst deputy-manager-advances equityanalyst forex-dealer lead-consultant

manager

manager-customer-support-

delivery manager-market-risk manager-mergers-and-acquisitions manager-products manager-wealth-

productmanager project-manager relationship-manager sales-

management partner-strategic-initiatives plant-finance-manager portfolio-manager

manager

senior-analyst

senior-area-sales-manager senior-manager-

financial-markets state-head

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Workosaur Salary Survey Report 2008-09 Batch of 2004 Average Qualification: MBA/PGDM + 6.5 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud

associate-manager avp-credit dealer

equity-analyst

global-project-associate

investment-advisor manager manager-new-products-and-services manager-operations portfoliomanager principal-consultant-strategy-and-transformation

manager regional-manager

product-

product-manager-alternative-investments regional-

head

consultant

senior-analyst senior-associate senior-

senior-manager Page 15 of 28

vice-president

Workosaur Salary Survey Report 2008-09 Batch of 2003 Average Qualification: MBA/PGDM + 7.5 years of work experience Salary Distribution Chart

Average Annual Salary

Designation Cloud

assistant-vice-president assistant-vice-presidentrisk assistant-vice-president-treasury associate business-analyst business-development-manager cityanalyst area-manager

sales-head-retail-banking cluster-sales-head debt-manager divisional-head equity-research-associate head-

banking investment-manager

manager

manager-advances manager-corporate-

and-investment-banking manager-international-private-banking manager-unsecured-assets portfolio-

product-manager product-managermortgages regional-credit-manager regional-director regional-head regional-salesmanager relationship-manager sales-assurance-manager sales-productmanager

manager

senior-manager

senior-manager-business-development

senior-relationship-manager territory-manager Page 16 of 28

Workosaur Salary Survey Report 2008-09 Batch of 2001 & 2002 Average Qualification: MBA/PGDM + 9.0 years of work experience Salary Distribution Chart

Average Annual Salary

Designation Cloud area-credit-manager assistant-fund-manager

president manager

assistant-vicebranch-

associate associate-manager associate-vice-president

chief-manager consultant corporate-investment-manager customer-service-manager district-

manager financial-advisor head-debt-and-structured-products manager manager-transaction-banking master-six-

sigma-black-belt national-manager

product-manager regional-

manager regional-sales-manager relationship-manager senior-analyst senior-businessanalyst senior-consultant

senior-manager

senior-manager-products-and-

processes senior-vice-president state-head state-manager territory-manager

vice-president-risk zonal-head Page 17 of 28

vice-president

Workosaur Salary Survey Report 2008-09 Batch of 1998, 1999 & 2000 Average Qualification: MBA/PGDM + 11.5 years of work experience Salary Distribution Chart

Average Annual Salary

Designation Cloud

assistant-vicepresident branch-head chiefarea-manager area-sales-manager

associate-vice-president

manager deputy-general-manager deputy-manager director economist head-research-investmentmanagement head-transaction-banking india-implementation-head investment-officer manager nationalsales-head product-head product-manager-liabilities quantitative-economist

head regional-manager-operations senior-business-manager

manager president

regional-

senior-

senior-manager-stock-broking

vice-

vice-president-business-development zonal-head zonal-head-sme-banking

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Workosaur Salary Survey Report 2008-09 Batch of 1988 to 1997 Average Qualification: MBA/PGDM + 18 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud advisor advisor-to-chairman assistant-general-manager chief-financial-officer country-head deputy-general-

manager

general-manager finance manager managing-director regional-head

general-manager-

senior-

manager senior-vice-

president vice-president Page 19 of 28

vice-president-finance

Workosaur Salary Survey Report 2008-09

Salaries in Sales, Business Development & Marketing Batch of 2007 and 2008 Average Qualification: MBA/PGDM + 1.5 years of work experience Salary Distribution Chart

Average Annual Salary

Designation Cloud account-manager agency-manager area-development-coordinator

area-manager

area-sales-

managerassistant-brand-manager assistant-manager executive

assistant-business-development-

assistant-manager-business-development

brand-

manager business-development-executive business-developmentlead

business-development-manager

chief-manager deputy-manager-

branding deputy-manager-marketing-and-strategy general-manager key-accounts-manager manager manager-businessdevelopment manager-client-relations-and-branch-operations manager-marketing-projects

manager

marketing-

national-category-manager product-analyst product-development-manager product-marketing-specialist

relationship-manager sales-executive sales-manager senior-manager senior-managerbrand senior-manager-institutional-sales senior-manager-product-marketing senior-marketing-officer showroom-manager territorydevelopment-manager

territory-manager Page 20 of 28

territory-manager-sales-and-marketing

Workosaur Salary Survey Report 2008-09 Batch of 2006 Average Qualification: MBA/PGDM + 3 years of work experience Salary Distribution Chart

Average Annual Salary

Designation Cloud

area-manager

assistant-branch-

assistant-brand-manager assistantmanager manager

assistant-

general-manager assistant-general-manager-marketing

assistant-manager-sales assistant-marketing-manager branch-head business-

analyst business-development-manager category-manager corporate-brand-manager customer-marketingmanager general-manager-business-development general-manager-new-products key-account-

manager marketing-manager

manager key-accounts-manager

enhancement

manager-revenue-

marketing-services-

executive product-manager regional-manager regional-sales-executive sales-operations-executive salesoperations-manager senior-manager senior-manager-merchandising senior-manager-sales senior-salesofficer senior-territory-manager territory-development-manager unit-sales-manager

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Workosaur Salary Survey Report 2008-09 Batch of 2005 Average Qualification: MBA/PGDM + 4 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud

account-manager

area-sales-manager

assistant-

brandmanager business-development-manager category-manager manager assistant-manager-category-development assistant-manager-exports branch-manager

business-manager

divisional-head-marketing general-manager

manager manager-corporate-sales manager-marketing-communication manager-merchandising-and-sales market-research-analyst marketing-manager national-

head-operations national-key-accounts-manager

product-manager

product-marketing-

manager regional-head-operations regional-manager regional-sales-manager relationship-manager sales-manager seniorbrand-manager senior-business-analyst senior-business-development-manager senior-manager senior-manager-operations

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Workosaur Salary Survey Report 2008-09 Batch of 2004 Average Qualification: MBA/PGDM + 5 years of work experience

Salary Distribution Chart

Average Annual Salary

Designation Cloud

area-sales-manager

assistant-brand-manager

assistant-

general-manager brand-manager

business-

development-manager business-head business-unit-head chief-manager deputy-general-manager deputy-manager deputymanager-sales-and-marketing director-business-development head-marketing manager manager-management-services marketunit-head

marketing-manager

metro-manager national-key-accounts-manager product-line-

manager product-marketing-manager regional-brand-manager regional-manager

sales-manager

regional-

relationship-manager sbu-head senior-brand-manager senior-

executive senior-marketing-consultant territory-development-manager zonal-manager

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Workosaur Salary Survey Report 2008-09 Batch of 2003 Average Qualification: MBA/PGDM + 6 years of work experience Salary Distribution Chart

Average Annual Salary

Designation Cloud

account-manager area-sales-manager assistant-manager

brand-manager

business-

development-manager business-head category-manager category-trade-marketing-manager deputy-general-managermarketing emerging-markets-specialist general-manager manager-marketing-and-strategy marketing-head practice-

manager

product-manager

regional-brand-

regionalmanager regional-sales-manager manager regional-distribution-manager

manager

senior-manager Page 24 of 28

vice-president

sales-

Workosaur Salary Survey Report 2008-09 Batch of 2001 & 2002 Average Qualification: MBA/PGDM + 7.5 years of work experience Salary Distribution Chart

Average Annual Salary

Designation Cloud account-manager area-sales-manager assistant-manager

president manager director

assistant-vicebusiness-

associate-general-manager associate-vice-president

category-product-manager cluster-manager deputy-general-manager-marketing deputy-

manager-marketing

general-manager-channel-development head-retail-sales independent-

management-consultant key-account-director manager manager-product-marketing national-head national-salesmanager project-lead regional-business-manager

sales-manager

regional-manager

sales-manager

senior-manager-marketing vice-

president vice-president-business-development zonal-business-head

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regional-

Workosaur Salary Survey Report 2008-09 Batch of 1998, 1999 & 2000 Average Qualification: MBA/PGDM + 10 years of work experience Salary Distribution Chart

Average Annual Salary

Designation Cloud account-director alliances-analyst-relations area-manager assistant-manager-sales assistant-vice-president assistant-vicepresident-retail-sales associate-regional-manager retail-channel-manager

branch-manager brand-manager

branded-

business-head-retail business-leader business-manager category-

deputy-general-manager-sales-andmarketing director-

manager cluster-manager

deputy-general-manager-new-product-development deputy-manager-sales director

general-manager-sales-andmarketing head-marketing manager

marketing divisional-head

general-manager-franchise general-manager-new-product-development group-product-

manager

accounts

head-multi-brand-retail-programs

manager-key-

manager-marketing manager-marketing-communications manager-sales-training-and-projects marketing-

and-network-planning-manager national-manager-sales

product-manager regional-business-development-manager

regional-head regional-manager regional-marketing-manager regional-operator-accounts-manager

senior-brand-

manager senior-business-development-manager senior-manager senior-manager-business-development senior-managerconsulting-sales senior-manager-marketing senior-vice-president-sales-and-marketing vice-president zone-sales-manager

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Workosaur Salary Survey Report 2008-09 Batch of 1988 to 1997 Average Qualification: MBA/PGDM + 16.5 years of work experience Salary Distribution Chart

Average Annual Salary

Designation Cloud

account-director account-manager area-manager assistant-vice-president assistant-vice-presidentmarketing business-development-manager chief-manager-business-operations chief-marketing-sales circlehead commercial-manager consultant consultant-business-development manager

country-manager country-sales-

deputy-general-manager deputy-general-

manager-marketing direct-marketing-executive director-marketing director-marketing-and-business-

general-manager-salesand-marketing head development director-sales

general-manager-public-affairs general-manager-retail

business head-business-development

head-marketing-communications head-

marketing-international-operations head-of-marketing-services head-projects-marketing joint-

manager manager-international-sales marketing-director marketing-head marketing-manager national-operations-head-commercial-channels national-sales-manager productdirector

group-head product-manager regional-business-manager regional-channel-manager regional-manager regional-

sales-manager sbu-manager senior-general-manager-sales seniormanager senior-vice-president-and-head-marketing-and-communication senior-vice-president-sales-andmarketing solutions-design-head

vice-president vice-president-sales zonal-sales-manager Page 27 of 28

Workosaur Salary Survey Report 2008-09

Thank You! For any queries about The Workosaur Salary Survey Report 2008-09, contact Nimish Adani / +91.9769290870 / [email protected]. Page 28 of 28