Latest news with #GlobalTechTalentGuidebook2025
Mint
11-06-2025
- Business
- Mint
‘50L is the new 10L': Post about salaries of techies in Bengaluru IT sector sparks debate
A post on X (formerly Twitter) questioning if ₹ 50 lakh per annum (LPA) has become the new ₹ 25 LPA in Bengaluru's booming IT sector has gone viral, triggering a lively discussion among tech professionals. 'I hear so many people earning 50LPA in Bangalore IT sector. Either they're stating inflated CTC or 50LPA is the new 25LPA. Can some techies confirm?' wrote user Sourav Dutta, prompting a wave of responses. Some users claimed that even a ₹ 50 LPA salary doesn't stretch far in the city's high-cost tech environment. '50L is the new 10L. Most earn 1 Cr+++,' one user remarked. Another chimed in, 'If you're not earning 1 Cr++ in Bengaluru then it's a waste of time. Better to pack up and leave.' However, not everyone agreed. Several users questioned the generalisation, asking for clarity on what comparison was being made. 'You should have some baseline, are you comparing 50LPA to 10LPA from 2005, 2015, or 2020?' one comment read. Others acknowledged that salary levels have risen, but pointed out that such packages are usually reserved for top-tier talent. 'In a way, yes, but only for top-tier professionals,' noted one response. The conversation also highlighted regional pay differences across India's tech hubs. 'Just Bengaluru things. In Hyderabad, 25L is still 25L. Most people earn less than that,' one user noted, suggesting that Bengaluru's salary packages may seem inflated, but come with strings attached. Screengrab from the viral post. Adding to the discussion, a self-identified tech worker broke down the structure of such high compensation packages. 'Microsoft offers 50LPA, but only 16L is base salary. The rest are RSUs [Restricted Stock Units] vested over 3–4 years,' they explained. The user noted that actual monthly take-home pay might be as low as ₹ 1.2 lakh, depending on stock performance and vesting schedules. Meanwhile, Bengaluru's status as a global tech powerhouse continues to rise. According to CBRE's newly released Global Tech Talent Guidebook 2025, the city's tech workforce has crossed the 1 million mark, making it the largest technology talent hub in the Asia-Pacific region. The report, as cited by news agency PTI, places Bengaluru alongside global tech giants like San Francisco, New York, and London, further cementing its role as a leading destination for IT talent.
Hindustan Times
11-06-2025
- Business
- Hindustan Times
‘50 LPA is the new 25 LPA?': Bengaluru tech salary debate sparks mixed reactions on X
A post on X questioning whether ₹50 lakh per annum (LPA) has become the new ₹25 LPA in Bengaluru's IT sector has gone viral, sparking a debate among tech professionals. 'I hear so many people earning 50LPA in Bangalore IT sector. Either they're stating inflated CTC or 50LPA is the new 25LPA. Can some techies confirm?' asked Sourav Dutta, kicking off a flurry of responses. Some users claimed that even ₹50 LPA doesn't mean much anymore in the city's high-cost tech ecosystem. '50L is the new 10L. Most earn 1 Cr+++,' one user posted. Another added, 'If you're not earning 1 Cr++ in Bengaluru then it's a waste of time. Better to pack up and leave.' However, others pushed back against the sweeping generalisation, questioning the reference point. 'You should have some baseline, are you comparing 50LPA to 10LPA from 2005, 2015, or 2020?' one asked. (Also Read: Bengaluru metro trains wrapped in advertisements to boost revenue, commuters say 'ruined the look') A few users acknowledged the rise in salary levels but emphasised that such pay packages are typically reserved for senior or top-tier tech professionals working with global firms. 'In a way, yes, but only for top-tier professionals,' noted one response. The debate also brought up regional salary disparities. 'Just Bengaluru things. In Hyderabad, 25L is still 25L. Most people earn less than that,' wrote a user, highlighting the perception that Bengaluru offers inflated packages, albeit with caveats. One self-identified techie broke down the composition of such high salaries, explaining that much of the ₹50 LPA packages are often tied up in stocks. 'Microsoft offers 50LPA, but only 16L is base salary. The rest are RSUs [Restricted Stock Units] vested over 3-4 years,' they said. They pointed out that the in-hand monthly salary could be as low as ₹1.2 lakh, depending on stock performance and vesting schedules. On the other hand, Bengaluru has firmly established itself as one of the world's top technology hubs, joining global giants like San Francisco, New York, and London, according to CBRE's newly released Global Tech Talent Guidebook 2025, as reported by news agency PTI. The report highlights that Bengaluru's tech workforce has surpassed the 1 million mark, making it the largest tech talent market in the Asia-Pacific region. (Also Read: Bengaluru's tech workforce crosses 1 million, ranks among top 12 global hubs)
Straits Times
08-06-2025
- Business
- Straits Times
S'pore ranks among top global hubs for tech talent and investment, study shows
Singapore was cited as having a strong tech ecosystem, rich talent pool and a business environment that draws global talent and investment. PHOTO: ST FILE SINGAPORE – Singapore has been named one of 12 global technology 'powerhouses' and is positioned to draw the capital and talent needed to develop a sophisticated artificial intelligence (AI) ecosystem that will keep it among the elite. The Republic was cited as having a strong tech ecosystem, rich talent pool and a business environment that draws global talent and investment, despite being the smallest of five Asia-Pacific tech hubs to make the Global Tech Talent Guidebook 2025. But Singapore is also one of the costliest cities to run a tech business in, ranking 24th out of 115 markets for software engineers' wages and with office rents that are second only to Paris. Beijing, Shanghai, Bengaluru, Tokyo, San Francisco, New York, Seattle, Boston, Toronto, Paris and London complete the top dozen powerhouses in the study compiled by real estate services firm CBRE. Singapore, with 45 per cent of its 4.3 million working-age population having at least a university degree, ranked behind only Ireland and Switzerland in education levels. Mr Ravi Nippani, head of regional industries and solutions at Mercer Asia, said CBRE's findings align with its own survey out in March that ranked Singapore third in Asia after China and India in the number of reported tech jobs. 'Singapore's tech ecosystem is quite mature and vibrant in terms of roles, encompassing both front-line and supporting positions,' he said. 'When compared with the sheer size of the working population in China and India, Singapore is more than punching its weight and can rightly be given powerhouse status.' Overall, Asia-Pacific hosts the largest tech talent pools, with Beijing, Shanghai, Shenzhen, Bengaluru, Delhi, Hyderabad, Mumbai and Tokyo reporting having more than 500,000 tech professionals each. Labour was singled out as the biggest cost for tech firms, with software developers in San Francisco and New York commanding the highest annual base pay, at US$177,273 (S$228,600) and US$158,387, respectively. Software engineers in Singapore earn annual base salaries of US$111,000, but with rent among the costliest in the world, they fork out over 29 per cent of that to landlords. Mr Jonathan Lasenby, head of technology and telecoms at executive search firm Ethos BeathChapman, noted two cost-related red flags in the report: Singapore ranks second globally for office rent and seventh for apartment rent. 'Together, they contribute to higher operational costs, driven by both rental overheads and salary expectations,' he said. 'This challenges Singapore's positioning relative to other tech powerhouse markets. Candidates may increasingly weigh cost of living when deciding where to live and work, especially as remote work and distributed teams become more viable.' Singapore has to anchor high-value strategic jobs that are not easily replicated, such as AI, product innovation and research teams, and regional leadership and strategy functions, Mr Lasenby said. These strategies have been incorporated into the country's AI Strategy 2.0 and government support for research and development, education, and innovation hubs, he added. Ms Rohini Saluja, CBRE's head of consulting and integrated client solutions for Asia-Pacific, expects many more emerging markets to graduate to the 'established' tier by 2028, even though she forecasts that the powerhouse list will remain mostly unchanged. 'You start seeing a lot of new tech hubs. When you look at India, for instance, we know that Bengaluru (and) Hyderabad are established tech talent major metros, but they have started putting investments into education, harnessing technology skills and supporting quality of life in locations like Ahmedabad and Jaipur.' She cited Auckland, Ho Chi Minh City and Jakarta as other examples of new and upcoming tech hubs. Singapore could do better in drawing more venture capital. AI-related venture funding hit a record US$129 billion in 2024 with Singapore accounting for just US$2.5 billion, less than 2 per cent. 'We have some way to go to compete with markets in the US, for instance, which takes the bulk,' she added. As the US under President Donald Trump moves to bring manufacturing operations back to America and keep jobs at home, she expects more tech talent to come out of South-east Asia, India and China. How the region retains its talent instead of losing it to the West, which is happening today as skilled workers gravitate to countries with higher quality of living, will be a challenge. As geopolitics and the rise of AI erect fences in not only trade, but also talent flow, Ms Saluja has seen a rise in clients prioritising talent: 'That is the biggest change I have seen over the last 18 months. 'More and more companies are first looking at labour strategies, workforce distribution strategies, before they are making decisions on locations.' Singapore can take a leaf out of the multinational playbook and build talent pools overseas, then tap them through partnerships such as the Johor-Singapore Special Economic Zone. This will ease some of the pressures to import foreign talent. 'You can't keep moving people and creating other issues. All you can do is create scale through these partnerships,' Ms Saluja said. Join ST's Telegram channel and get the latest breaking news delivered to you.
India Today
07-06-2025
- Business
- India Today
With over 1 million IT employees, Bengaluru is Asia-Pacific's top tech city: Report
Bengaluru has joined the world's top technology hubs as one of only 12 'Powerhouse' markets globally, according to the Global Tech Talent Guidebook 2025 released by the real estate services firm CBRE. Bengaluru has reached a milestone, with over one million technology professionals on payrolls now -- the largest talent pool of technology professionals in the Asia-Pacific include major tech centres such as San Francisco, New York Metro, London, Tokyo, Paris, and CBRE report evaluated 115 markets across the world based on the availability, quality, and cost of tech talent. Bengaluru stood out not just for the size of its workforce but also for its strength in specialised skills, particularly in artificial intelligence (AI). The report notes that the city houses the largest concentration of AI professionals in India, matching the levels seen in top US tech IN WORKING POPULATION, STARTUPS AND OTHER GROWING CITIES Bengaluru has also seen a 2.4% increase in its working-age population from 2019 to 2024, with 75.5% of its population falling into that group. This demographic advantage is one of the key drivers of the city's expanding tech city's startup environment is thriving, with 28 unicorns and a strong flow of venture capital investment. In 2024 alone, Bengaluru secured 140 VC deals worth $3.3 billion, including 34 focused on AI. The city is supported by world-class institutions and favourable policies, helping to maintain a steady talent pipeline in AI, data science, engineering, and product and Mumbai are also making notable progress. Delhi-NCR closed 183 VC deals worth dollars 1.9 billion, while Mumbai saw 167 deals totalling $4.9 billion. Both cities are playing a key role in India's wider tech growth report notes that global tech talent distribution is influenced by factors such as education, quality of life, real estate costs, and capital funding -- areas where Bengaluru continues to perform strongly. This recognition further cements Bengaluru's position as India's leading tech city and a significant player on the global Watch
Hans India
31-05-2025
- Business
- Hans India
Bengaluru among global tech powerhouses, says CBRE report
Bengaluru: Bengaluru, long celebrated as India's IT capital, has now earned a place among the world's top 12 technology powerhouses, according to a report by global real estate consulting firm CBRE. The report, titled Global Tech Talent Guidebook 2025, reveals that the city has surpassed 1 million tech professionals — making it one of the largest tech talent hubs in the Asia-Pacific region, alongside Beijing and Shanghai. The report evaluates 115 global markets based on the availability, quality, and cost of tech talent. These markets are categorized into three groups: Powerhouses (12 major hubs with deep and competitive talent pools), Established (63 mature markets with steady pipelines), and Emerging (40 growth-focused markets with development potential). Bengaluru has been ranked among the elite 'Powerhouse' category, joining the likes of Beijing, Boston, London, New York Metro, Paris, San Francisco Bay Area, Seattle, Shanghai, Singapore, Tokyo, and Toronto. CBRE highlights Bengaluru's vast and growing tech workforce as a key factor for its global recognition. With over 1 million tech professionals, the city has become a leading destination for innovation, digital transformation, and artificial intelligence. 'Bengaluru's emergence as a global tech superpower reflects India's strategic depth in digital innovation, AI readiness, and talent capability,' said Anshuman Magazine, Chairman and CEO of CBRE for India, Southeast Asia, West Asia, and Africa. He further added that other Indian cities like Delhi-NCR, Mumbai, Ahmedabad, and Jaipur are also witnessing positive trends. These cities are contributing uniquely to India's diverse and resilient tech ecosystem — a strong indicator of the maturing Indian market. The report also notes that Bengaluru has the highest number of professionals specializing in artificial intelligence (AI) in India — putting it on par with established U.S. tech clusters like San Francisco and New York.
