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CEO Salary in India

When looking for career options, a candidate often wants to opt for opportunities with good salaries. The position of a CEO is highly challenging but at the same time quite rewarding. In this article, we will take a look at CEO salary in India

Who is a CEO?

Chief Executive Officer  or the CEO is the senior manager or leader of a business or other organization, such as a nonprofit or nongovernmental organization (NGO). Someone in this position often has decision-making powers on various things and has a number of responsibilities, including: articulating the mission or purpose of the business or organization; determining its managerial and reporting structure; setting its short- and long-term goals; devising and implementing strategies for attaining such goals, etc. 

CEO salary in India

The role of a chief executive officer (CEO) is to lead and manage a company and set its strategic direction. The CEO salary in India can vary widely based on the size and type of company, as well as the CEO’s experience and qualifications. However, despite these differences, the CEO salary in India are generally high, reflecting the critical importance of their role in the success of a company.

The CEO salary in India can range from a few lakhs to several crores of rupees per year. This wide range can be attributed to the differences in the size and financial performance of companies, as well as the CEO’s experience, qualifications, and performance. For example, a CEO at a large multinational corporation may earn several crores of rupees per year, while a CEO at a small start-up may earn only a few lakhs.

In addition to base CEO salary in India often receive bonuses, stock options, and other incentives, which can significantly increase their total compensation. For example, a CEO may receive a performance-based bonus tied to the company’s financial performance, or stock options that allow them to buy company shares at a discounted price. These incentives can provide significant motivation for CEOs to work hard and achieve the best results for their company.

It is important to note that the CEO salary in India are often benchmarked against international standards, as well as against the salaries of CEOs in foreign countries. This benchmarking helps to ensure that CEOs in India are compensated fairly and equitably, and it also helps to attract the best talent from around the world to lead Indian companies.

Listed below are some of the top CEO salary in India: 

  1. C Vijayakumar
  2. Thierry Delaporte
    • Company: Wipro
    • Approximate salary in FY 2022: ₹79.8 Cr 
  3. Salil S Parekh
    • Company: Infosys
    • Approximate salary in FY 2022: ₹71.02 Cr 
  4. C P Gurnani
    • Company: Tech Mahindra
    • Approximate salary in FY 2022: ₹63.4 Cr 
  5. Saugata Gupta

Above mentioned salaries are of top CEOs but CEOs of different companies also get high salaries. The average CEO salary is ₹7,84,000 per year, according to Glassdoor.com. The salaries can range from ₹35,508 – ₹27,00,670 on an average per year. 

In recent years, there has been a trend towards greater transparency in CEO compensation in India. Many companies now publish detailed information about the salaries and incentives of their top executives, which helps to provide greater accountability and help shareholders and other stakeholders to understand how CEO salary in India is determined. Despite these debates, the CEO salary in India are likely to continue to be high, reflecting the critical importance of their role in the success of a company. The role of a CEO is demanding and requires a wide range of skills and experience, and it is important that CEOs are compensated fairly and equitably for their work.

Educational qualifications for a CEO

This job typically requires a bachelor’s degree in a field such as business administration, management, or a related field. However, many CEOs have advanced degrees, such as an MBA. Additionally, significant experience in the industry in which the company operates is advantageous, as is having held leadership roles such as COO or President prior to becoming CEO. Some companies may also prefer candidates with a background in finance or accounting. Ultimately, the specific educational requirements can vary depending on the company and industry. 

Mentioned below are some executive education programs that will support your goal of becoming a CEO or entrepreneur

Berkeley Executive Program in Management (Berkeley EPM) 

The Berkeley Executive Program in Management (Berkeley EPM) is a general management program that prepares you for the next level of leadership. This program is created in such a way that it helps transform proven leaders into global executives ready to lead the charge. The Berkeley Executive Program in Management encourages its participants to reflect, enhance strategic thinking, and develop authentic leadership. It is designed to create an immersive, relevant and dynamic learning experience for senior executives, ready for the next level of the leadership challenge. It includes modules on advanced management competencies, leading innovative change, etc., which are a must for a person in C-level positions, to ensure growth of the company.

MIT Professional Education Technology Leadership Program (TLP) 

This is a multi-modular program delivered by MIT faculty on campus and live virtually and geared towards the development needs of the next generation of technology CEOs, CTO’s, CIO’s and emerging leaders.  The program is designed for technology leaders and experienced practitioners from large corporations as well as startups – innovation-oriented firms who are focusing on leveraging emerging digital technologies to remain relevant and competitive in the marketplace. After completion of TLP, you will be a part of a cohort of global leaders and practitioners. You will also become an integral part of the global MIT Professional Education network and will be considered alumni of TLP as well as MIT Professional Education.

UCLA Post Graduate Program in Management for Executives (UCLA PGPX) 

It is an extensive general management program offered by the UCLA Anderson School of Management, one of the world’s top business schools. It is a part-time program with a modular format that provides great flexibility for busy professionals, while the UCLA faculty and industry leaders ensure that the program covers all aspects of best-in-class management education expected from a highly respected and globally renowned institution. The UCLA PGPX will put you on the map of global leadership, with a combination of strategies, skills, and acumen that will stretch your thinking and hone your abilities as a leader and manager capable of achieving remarkable growth in your business. This program has been designed to expose the participants to management and business leadership essentials in an extensive general management curriculum that is designed to be experiential in learning and applied in focus. 

Chicago Booth Accelerated Development Program (ADP)

The Chicago Booth ADP is a rigorous learning journey across 8 modules spread over 9 months and gives you access to the latest management thinking and tools. It is taught by an award-winning faculty at the Chicago Booth School of Business and accomplished senior business leaders. It creates an amazing opportunity to build a strong personal brand and competitively position yourself and your organization. ADP actively engages you in a collaborative learning environment with accomplished peer group in London, New Delhi & Chicago. The Chicago Booth Accelerated Development Program is designed for the global executive with a focus on delivering impact and leveraging the significant history of the Accelerated Development Program delivered across the globe, including London and India. The program is tailored for busy schedule of senior professionals and is blended in design, with academic on-campus modules and off-campus experiences with online learning and live interactions to complement the on-campus experiences. You will build a global community of like-minded leaders and will become part of the Global ADP Network for life.

Summary

In conclusion, the CEO salary in India can vary widely based on the size and type of company, as well as the CEO’s experience and qualifications. However, despite these differences, the CEO salary in India are generally high, reflecting the critical importance of their role in the success of a company. The trend towards greater transparency in CEO salary in India is a positive step, and it is important that CEOs are compensated fairly and equitably for their work.

As of Jan 22, 2023, the average monthly pay for a CEO in the United States is $12,230 a month. While ZipRecruiter is seeing monthly salaries as high as $25,375 and as low as $2,000, the majority of CEO salaries currently range between $7,250 (25th percentile) to $16,166 (75th percentile) across the United States.

The best CEO jobs can pay up to $162,500 per year. A CEO, or chief executive officer, is the head of an organization or corporation and is the top ranking executive. Executive education program such as Berkeley Executive Program in Management to give you a boost to obtain the position of a CEO. 

Companies are now required to collect a Say on Pay vote from their shareholders to determine executive compensation every three years. This Act also requires companies to disclose CEO-to-worker pay ratios (Dodd-Frank Act: Executive Compensation and Corporate Governance Provisions).

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