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Here's what IT companies pay in 20 countries
It is a common perception that IT specialists are paid handsomely the world over, but is there parity in their salaries?
According to a study conducted by MyHiringClub.com, some countries do pay a lot to IT specialists, but there are a number of countries that do not.
Let us take a look at 20 countries, including India, and see how they well or bad they pay to IT workers.
Note: The figures are average salaries of IT managers with minimum of four years' experience.
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Here's what IT companies pay in 20 countries
India
Annual salary: $36,120
World ranking: 4th out of 10 lowest paying countries
According to the International Monetary Fund, as of 2011, the Indian economy is worth $1.631 trillion; it is the ninth-largest economy by market exchange rates, and is, at $4.057 trillion, the fourth-largest by purchasing power parity, or PPP.
The MyHiringClub.com study says that Indian IT managers would, at an average, draw this kind of annual salary. Whether this is the case in the Indian market or not is left to those readers' experience who are employed in the Indian IT industry.
Note: The figures are average salaries of IT managers with minimum of four years' experience.
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Here's what IT companies pay in 20 countries
Switzerland
Annual salary: $167,890
World ranking: 1
Switzerland has a stable and modern economy. It has the highest European rating in the Index of Economic Freedom 2010, while also providing large coverage through public services.
The nominal per capita GDP is higher than those of the larger Western and Central European economies and Japan (and indeed one of the highest in the world).
Note: The figures are average salaries of IT managers with minimum of four years' experience.
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Here's what IT companies pay in 20 countries
Belgium
Annual salary: $142,570
World ranking: 2
Belgium's strongly globalized economy and its transportation infrastructure are integrated with the rest of Europe.
Its location at the heart of a highly industrialized region helped make it the world's 15th largest trading nation in 2007.
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Here's what IT companies pay in 20 countries
Denmark
Annual salary: $132,430
World ranking: 3
Denmark's mixed economy features above average European living standards and high amount of free trade.
It ranks 16th in the world in terms of GDP per capita and ranks fifth in nominal GDP per capita.
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Here's what IT companies pay in 20 countries
The United Kingdom
Annual salary: $126,570
World ranking: 4
The United Kingdom has a partially regulated market economy.
Based on market exchange rates, the UK is today the sixth-largest economy in the world and the third-largest in Europe after Germany and France, having fallen behind France for the first time in over a decade in 2008.
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Here's what IT companies pay in 20 countries
The United States
Annual salary: $121,460
World ranking: 5
The United States has a capitalist mixed economy, which is fueled by abundant natural resources, a well-developed infrastructure, and high productivity.
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Here's what IT companies pay in 20 countries
Ireland
Annual salary: $119,430
World ranking: 6
The Irish economic experience reversed dramatically during the course of the 1990s, which saw the beginning of unprecedented economic growth in the Republic of Ireland, in a phenomenon known as the 'Celtic Tiger', and peace being restored in Northern Ireland.
In 2005 the Republic of Ireland was ranked the best place to live in the world according to a 'quality of life' assessment by The Economist magazine.
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Here's what IT companies pay in 20 countries
Canada
Annual salary: $113,800
World ranking: 7
Canada is one of the world's wealthiest nations, with a very high per-capita income. It is a member of the Organisation for Economic Co-operation and Development and the G8, and is one of the world's top 10 trading nations.
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Here's what IT companies pay in 20 countries
Germany
Annual salary: $111,210
World ranking: 8
Germany has a social market economy with a highly qualified labour force, a large capital stock, a low level of corruption, and a high level of innovation.
It has the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and the fifth-largest by PPP in 2009.
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Here's what IT companies pay in 20 countries
Australia
Annual salary: $108,470
World ranking: 9
Australia has a market economy with high GDP per capita and low rate of poverty. The Australian dollar is the currency for the nation, including Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru, and Tuvalu.
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Here's what IT companies pay in 20 countries
Hong Kong
Annual salary: $101,300
World ranking: 10
As one of the world's leading international financial centres, Hong Kong has a major capitalist service economy characterised by low taxation and free trade.
The currency, Hong Kong dollar, is the eighth most traded currency in the world as of 2010.
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Here's what IT companies pay in 20 countries
Bulgaria
Annual salary: $21,678
World ranking: 10th out of 10th
Bulgaria has an industrialized free market economy in the upper middle income range, with a large private sector accounting for more than 80 per cent of GDP.
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Here's what IT companies pay in 20 countries
Vietnam
Annual salary: $28,940
World ranking: 9th out of 10th
Vietnam has been, for much of its history, a predominantly agricultural civilization based on wet rice cultivation.
However, the Vietnam War destroyed much of the country's agrarian economy, leading the post-war government to implement a planned economy to revitalise agriculture and industrialise the nation.
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Here's what IT companies pay in 20 countries
The Philippines
Annual salary: $32,560
World ranking: 8th out of 10th
The national economy of the Philippines is the 46th largest in the world, with an estimated 2010 gross domestic product (nominal) of $189 billion.
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Here's what IT companies pay in 20 countries
Indonesia
Annual salary: $32,980
World ranking: 7th out of 10th
Indonesia has a mixed economy in which both the private sector and government play significant roles.
The country is the largest economy in Southeast Asia and a member of the G-20 major economies.
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Here's what IT companies pay in 20 countries
Thailand
Annual salary: $33,000
World ranking: 6th out of 10
Thailand is an emerging economy and considered as a newly industrialised country.
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Here's what IT companies pay in 20 countries
Malaysia
Annual salary: $35,870
World ranking: 5th out of 10
Malaysia is a relatively open state-oriented and newly industrialised market economy.
The state plays a significant but declining role in guiding economic activity through macroeconomic plans.
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Here's what IT companies pay in 20 countries
China
Annual salary: $37,300
World ranking: 3rd out of 10
As of 2010, China has the world's second-largest nominal GDP, at $6.05 trillion, although its GDP per capita of $4,300 puts it behind 90 countries (out of 183 countries on the IMF list) in global GDP per capita rankings.
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Here's what IT companies pay in 20 countries
Czech Republic
Annual salary: $41,000
World ranking: 2nd out of 10
The Czech Republic possesses a developed, high-income economy with a GDP per capita of 80 per cent of the European Union average.
One of the most stable and prosperous of the post-Communist states, the Czech Republic saw growth of over six per cent annually in the three years before the outbreak of the recent global economic crisis.
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Here's what IT companies pay in 20 countries
Argentina
Annual salary: $41,000
World ranking: 1st out of 10
Argentina has a market-oriented economy with abundant natural resources, a well-educated population, an export-oriented agricultural sector and a relatively diversified industrial base.