TechSmartWorld

2022-23	Sep-22	Oct-22	Nov-22	Dec-22	Jan-23	Feb-23	Mar-23	Apr-23	May-23	Jun-23	Jul-23	Aug-23	Sep-23	YoY
MoM	-3%	5%	-5%	13%	-10%	10%	0%	8%	-16%	-6%	-4%	-3%	8%	-4%
2023-24	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24	Jun-24	Jul-24	Aug-24	Sep-24	YoY
MoM	8%	1%	-12%	0%	0%	1%	0%	-13%	23%	3%	3%	0%	3%	6%

Despite significant peaks and dips over the two-year period, the overall job count shows only a modest 1% increase between September 2022 and September 2024, indicating steady, yet marginal growth in the engineering job market.

Following a traditional spike in December 2022, there was a notable surge in hiring in April 2024, followed by a decline in May. This trend indicates cyclical hiring influenced by project deadlines and budget cycles across industries.
 
IT Industry Continues to Lead in Engineering Job Creation

Despite most engineering graduates coming from non-IT fields, the IT sector dominates job creation in 2024. IT jobs made up 69% of all engineering opportunities, while non-IT sectors accounted for just 31%. This trend has been consistent since 2022, reflecting the ongoing demand for tech talent driven by digital transformation across industries.

At the same time, over 70% of engineering graduates in 2024 specialise in non-IT disciplines, further emphasizing the gap between graduate qualifications and job market demands.

Distribution of Engineering Graduates and Job Opportunities (2024)
 

Field	Graduates (%)	Job Opportunities (%)
IT	30%	69%
Non-IT	70%	31%
Computers	30%	69%
Electronics/Telecommunications	21%	31%
Mechanical	16%	16%
Electrical	9%	9%
Civil	6%	6%
Instrumentation	9%	9%
Chemical	1%	1%
Production/Industrial	1%	1%
Automobile	1%	1%

 

• IT jobs outpace graduate supply: While IT roles dominate the market, only 30% of engineering graduates come from IT disciplines, leading to a talent gap.
• Non-IT graduates in majority: Non-IT fields make up 70% of graduates, yet job opportunities in these sectors remain comparatively limited.
• Consistent demand in key fields: Sectors like Mechanical, Civil, and Electrical engineering maintain a steady demand, aligning more closely with the number of graduates.

 
Bengaluru Leads in Engineering Jobs, Boosted by IT Dominance

Distribution of Engineering Jobs Across Major Cities (2024)
 

City	% Share of Engineering Jobs
Bengaluru	29%
Delhi/NCR	15%
Pune	13%
Hyderabad	13%
Mumbai	11%
Chennai	9%

 
Bengaluru continues to dominate the engineering job market in 2024, accounting for 29% of all engineering job opportunities in India. This leadership is largely driven by the city's overwhelming share of IT jobs, which make up a significant portion of its engineering positions.

Other metro cities such as Delhi-NCR (15%), Pune (13%), and Hyderabad (13%) are also key players, though their engineering job markets are more balanced between IT and Non-IT roles. Mumbai (11%) and Chennai (9%) contribute to the overall job market but with a relatively lower concentration of IT-driven positions.

Biggest Movers and Shakers in Engineering Salaries

Engineering Salaries (2022 vs 2024)
 

Role	Experience	2022 Min Avg Salary	2022 Max Avg Salary	2024 Min Avg Salary	2024 Max Avg Salary
Software	Freshers	Rs 297,059	Rs 502,941	Rs 412,407	Rs 762,003
	Experienced	Rs 1,394,270	Rs 3,111,590	Rs 1,582,768	Rs 2,407,855
Mechanical	Freshers	Rs 225,000	Rs 345,313	Rs 356,000	Rs 623,026
	Experienced	Rs 1,121,053	Rs 1,425,873	Rs 1,122,720	Rs 1,724,525
Electrical	Freshers	Rs 220,455	Rs 345,455	Rs 354,520	Rs 525,510
	Experienced	Rs 1,251,087	Rs 1,323,333	Rs 1,350,000	Rs 1,457,800
Automotive	Freshers	Rs 324,000	Rs 502,778	Rs 365,053	Rs 665,023
	Experienced	Rs 1,447,917	Rs 1,834,077	Rs 1,523,045	Rs 1,853,141
Civil	Freshers	Rs 224,390	Rs 351,220	Rs 325,450	Rs 552,200
	Experienced	Rs 1,049,967	Rs 1,834,077	Rs 1,053,240	Rs 1,835,420

 
The data shows notable salary increases across various engineering roles in 2024, with both freshers and experienced professionals seeing significant growth in their pay packages. Software roles have seen a rise in salary for freshers, while some positions for experienced professionals have remained steady or even decreased.
 
Percentage Change in Salaries (2022 vs 2024)
 

Role	Experience	% Change Min Avg Salary	% Change Max Avg Salary
Software	Freshers	+38.9%	+51.5%
	Experienced	+13.5%	-22.6%
Mechanical	Freshers	+58.2%	+80.4%
	Experienced	+0.1%	+20.9%
Electrical	Freshers	+60.8%	+52.1%
	Experienced	+7.9%	+10.2%
Automotive	Freshers	+12.7%	+32.3%
	Experienced	+5.2%	+1.0%
Civil	Freshers	+45.1%	+57.2%
	Experienced	+0.3%	+0.1%

 

• Freshers see strong salary growth: Freshers across all roles have enjoyed significant salary increases, particularly in Mechanical and Electrical engineering, where salaries surged by more than 50% in both the minimum and maximum ranges.
• Software salaries for experienced professionals: While freshers in software roles saw a 51.5% increase in their maximum salary, experienced professionals witnessed a 22.6% decline in their maximum salary, suggesting a shift in compensation dynamics for senior roles.
• Stable Growth for Experienced Engineers: Mechanical, Electrical, and Civil engineering roles for experienced professionals saw moderate increases, especially in the maximum salary range for Mechanical Engineers (+20.9%) and Electrical Engineers (+10.2%).
• Consistent Gains in Automotive: Automotive roles remained stable, with freshers seeing a 32.3% increase in maximum salaries, while experienced professionals saw a slight 1% bump in their earnings.