What is Considered a High Salary in India?
In India, what constitutes a "high salary" can be relative, but based on average earnings tied to educational qualifications, an annual salary approaching or exceeding ₹10,00,000 (ten lakhs) is generally considered a significant income. This figure is notably higher than the averages for most educational levels, indicating a strong financial position.
Salary Benchmarks by Education Level
Educational attainment plays a crucial role in determining an individual's earning potential. Professionals with advanced degrees typically command higher average salaries, which helps define what can be considered a substantial income in the Indian context.
Here's an overview of average annual salaries based on the highest education level achieved:
| Highest Education Level | Average Annual Salary (INR) |
|---|---|
| Bachelor of Science (BS/BSc) | ₹7,14,000 |
| Master of Arts (MA) | ₹6,14,000 |
| Master of Science (MS/MSc) | ₹9,24,000 |
| Doctorate (PhD) | ₹10,00,000 |
Defining a High Salary in India
- For Highly Educated Professionals: As the data illustrates, individuals holding a Doctorate (PhD) typically earn an average of ₹10,00,000 annually. Therefore, a salary at or above this mark is a strong indicator of a high income, particularly when evaluated against the overall average earnings in the country.
- For Master's Degree Holders: An individual with a Master of Science (MS/MSc) degree averages ₹9,24,000 per year. For this group, a salary significantly exceeding this figure—perhaps above ₹9,50,000 or reaching ₹10,00,000—would be deemed high, reflecting superior compensation within their educational bracket.
- General Perspective: While averages provide a critical benchmark, a "high salary" also implies a comfortable lifestyle and the capacity for substantial savings after covering living expenses. Considering the various average salaries across different degrees, a compensation package around or above ₹10,00,000 per annum clearly positions an individual in a higher income bracket in India, often associated with advanced education and specialized roles.
