Indonesia MP Salary Benchmark 2018
Indonesia MP Salary Benchmark 2018
Indonesia MP Salary Benchmark 2018
Key trends
1-4 months
• S ignificant growth in the industrial and manufacturing space, both in
the capital city Jakarta, as well as tier two and three regions. There has
been strong growth from local conglomerates, demanding mid-to-
senior level management, typically talent sourced from MNCs, in a bid average time
to further modernise and develop Indonesia’s family owned businesses. employers take to
secure talent
• Particularly encouraging has been the strength of home-grown
employment: 85% of the placements in 2017 were Indonesian passport
holders, and there continues to be a strong desire to bring Indonesians
into key positions. The Returning Indonesians programme, Membangun
Negeri (or ‘Building a Nation’) has enjoyed a lot of success in bringing
people back to Indonesia, with demand in particular in high quality 3 rounds
graduates from fields including sales and marketing, technology as well of interviews typically
as across more senior management. undergone by candidate
• Human Resources continues to grow as a discipline, as companies
with a company before
prioritise more sustainable growth plans. Logistics is seen as another securing a position
area key for growth in 2018, while Marketing professionals are in strong
demand – although there remains a candidate shortage in this area.
*These employment trends are based on the Michael Page database in the last 12 months.
“In 2018, digital candidates with Silicon Valley or other international experience will be in high demand.
We’ll also see an increase in new roles from local companies across all digital functions.”
• Product Managers
Technology Local Conglomerates
• Developers
• Project Managers
By the numbers*
$
Employment trends*
*These employment trends are based on Michael Page’s database in the last 12 months.
Salary Tables
Agency
SALARY RANGE (IDR IN MIL)
In-house
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
“We see positive momentum for Engineering and Manufacturing roles in 2018. The FMCG sector has
seen positive trends, while Oil & Gas are recovering. Business-to-business companies are growing, and
investments are increasing in East Java.”
• Manufacturing managers
FMCG Chemical
• Quality managers
• Maintenance managers
Agri-business Packaging
By the numbers*
55% 21-25%
increase in number of average salary increase
positions in the last when moving jobs
$
12 months
Employment trends*
*These employment trends are based on Michael Page’s database in the last 12 months.
Salary Tables
Production/Manufacturing
SALARY RANGE (IDR IN MIL)
Quality Control/Assurance
SALARY RANGE (IDR IN MIL)
Project/Program Management
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
“In 2018, there will be an increase in demand for senior-level finance and accounting roles, particularly in
the property and mining industries. We foresee high levels of turnover in the upcoming year due to market
conditions.”
• Financial/business analysts
• Finance, accounting and tax Industrial FMCG
managers
• Financial/business controllers
and business partners
E-commerce Logistics
By the numbers*
17% 21-25%
increase in number of average salary increase
positions in the last when moving jobs
$
12 months
Employment trends*
*These employment trends are based on Michael Page’s database in the last 12 months.
Salary Tables
General
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Salary Tables
Specialist
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
“2018 will bring high demand for financial services candidates. Talent wars will still be a key issue to be
addressed in this sector, and strong succession planning is on the agenda for most of the big players.”
By the numbers*
10% 31-35%
increase in number of average salary increase
positions in the last when moving jobs
$
12 months
Employment trends*
*These employment trends are based on Michael Page’s database in the last 12 months.
Salary Tables
Regulatory Finance
SALARY RANGE (IDR IN MIL) BONUS (%)
Associate / Assistant Vice President 260 780 520 10% 25% 30%
Product Control
SALARY RANGE (IDR IN MIL) BONUS (%)
Tax
SALARY RANGE (IDR IN MIL) BONUS (%)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
Salary Tables
Treasury
SALARY RANGE (IDR IN MIL) BONUS (%)
Project Accounting
SALARY RANGE (IDR IN MIL) BONUS (%)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Salary Tables
Investment Management
Fund Accounting
SALARY RANGE (IDR IN MIL) BONUS (%)
Corporate Accounting
SALARY RANGE (IDR IN MIL) BONUS (%)
Investment Management
SALARY RANGE (IDR IN MIL) BONUS (%)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Salary Tables
Investment Banking
SALARY RANGE (IDR IN MIL) BONUS (%)
Insurance
SALARY RANGE (IDR IN MIL) BONUS (%)
Quantitative Analysis
SALARY RANGE (IDR IN MIL) BONUS (%)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Salary Tables
Risk
Operational Risk
SALARY RANGE (IDR IN MIL) BONUS (%)
Market Risk
SALARY RANGE (IDR IN MIL) BONUS (%)
Credit Risk
SALARY RANGE (IDR IN MIL) BONUS (%)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Salary Tables
Compliance
Investment Banking
SALARY RANGE (IDR IN MIL) BONUS (%)
Investment Management
SALARY RANGE (IDR IN MIL) BONUS (%)
Insurance
SALARY RANGE (IDR IN MIL) BONUS (%)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Salary Tables
Compliance-Anti-Money Laundering
SALARY RANGE (IDR IN MIL) BONUS (%)
Analyst 65 130 98 10 25 30
Operations
Settlements and Corporate Actions
SALARY RANGE (IDR IN MIL) BONUS (%)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Salary Tables
Analyst 65 130 98 10 25 30
Project Operations
SALARY RANGE (IDR IN MIL) BONUS (%)
Investment Management
SALARY RANGE (IDR IN MIL) BONUS (%)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
Salary Tables
Corporate Finance
SALARY RANGE (IDR IN MIL) BONUS (%)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide
Salary Tables
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
Salary Tables
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
Salary Tables
Private Banking
SALARY RANGE (IDR IN MIL) BONUS (%)
Private Equity
SALARY RANGE (IDR IN MIL) BONUS (%)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.id/salary-guide.
“In 2018, many companies will move from human resources to HR business partnering. General demand for
candidates will increase, as startups begin looking for HR ‘human capital’, rather than HR management.”
By the numbers*
20% 21-25%
increase in number of average salary increase
positions in the last when moving jobs
$
12 months
Employment trends*
*These employment trends are based on Michael Page’s database in the last 12 months.
Salary Tables
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Salary Tables
FMCG
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
“The increase in demand for legal positions in 2018 will be spurred by new investments and increased need
of companies to secure funding, leading to the need for legal help in the areas of acquisition, mergers and
IPOs.”
By the numbers*
30% 21-25%
increase in number of average salary increase
positions in the last when moving jobs
$
12 months
Employment trends*
*These employment trends are based on Michael Page’s database in the last 12 months.
Salary Tables
Telecommunications & IT
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide.
Salary Tables
Financial Services
SALARY RANGE (IDR IN MIL)
Legal Manager 26 52 39
Digital/IT
SALARY RANGE (IDR IN MIL)
Law Firm
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
“High demand for marketing candidates will continue in 2018, as it remains a challenge to find top
marketing candidates on the market. Companies will look for candidates with exposure in conventional and
digital spaces and local knowledge.”
• Marketing Heads
Tech start-ups Agencies
• Partnership Managers
• Digital Marketers
Entertainment Education
By the numbers*
69% 26-30%
increase in number of average salary increase
positions in the last when moving jobs
$
12 months
Employment trends*
*These employment trends are based on Michael Page’s database in the last 12 months.
Salary Tables
Financial Services
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Salary Tables
Public Relations
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Salary Tables
Professional Services
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
“Indonesia will experience continuous growth in terms of economy and infrastructure in 2018, bringing
the importance of procurement and supply chain to the forefront. As a result, we foresee high demand for
supply chain and logistics professionals.”
• Planning / S&OP
FMCG Logistics
• Procurement Managers
• Logistics Professionals
By the numbers*
30% 21-25%
increase in number of average salary increase
positions in the last when moving jobs
$
12 months
Employment trends*
*These employment trends are based on Michael Page’s database in the last 12 months.
Salary Tables
Warehousing
SALARY RANGE (IDR IN MIL)
Logistics
SALARY RANGE (IDR IN MIL)
Supply Chain
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Salary Tables
Engineering
SALARY RANGE (IDR IN MIL)
Procurement
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Salary Tables
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
“Property and construction is rapidly growing in Indonesia and will continue to do so in 2018. Many foreign
companies are investing, leading to high demand for candidates, especially in tourism, hotels, shopping
malls and F&B.”
• Project Managers
Property Developer Consultancy
• Structural Managers
• Schedulers
EPC EPCM
By the numbers*
83% 26-30%
increase in number of average salary increase
positions in the last when moving jobs
$
12 months
Employment trends*
*These employment trends are based on Michael Page’s database in the last 12 months.
Salary Tables
Consultancy
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Salary Tables
Projects
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
“Demand for sales will be strong due to infrastructure development, and an increase in mining and
logistics. Strong sales and RTM profiles will be in high demand for FMCGs to cope with challenging market
situations.”
By the numbers*
69% 16-20%
increase in number of average salary increase
positions in the last when moving jobs
$
12 months
Employment trends*
*These employment trends are based on Michael Page’s database in the last 12 months.
Salary Tables
Advertising Agency
SALARY RANGE (IDR IN MIL)
PR Agency
SALARY RANGE (IDR IN MIL)
FInancial Services
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Salary Tables
Sales
SALARY RANGE (IDR IN MIL)
IT & Telecommunications
Account Management
SALARY RANGE (IDR IN MIL)
Division Manager / Sales and Marketing Manager / General Sales Manager 650 910 845
Vice President/Sales and Marketing / Sales and Marketing Director / Marketing Director 780 1,560 1,365
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Salary Tables
Professional Services
Business Development and Research
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
“High demand for technology candidates will continue into 2018, especially at the managerial level and
above. Candidates with IT security and risk experience are highly sought after, along with those who have
entrepreneurial soft-skills and global experience.”
• IT Heads
• IT Security Managers Digital start-ups Consumer Goods
• Software Engineers
(all levels)
Fintech Industrial/Engineering
By the numbers*
$
Employment trends*
*These employment trends are based on Michael Page’s database in the last 12 months.
Salary Tables
Project Management
SALARY RANGE (IDR IN MIL)
General Management
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Salary Tables
Commerce
Development, Design and Architecture
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide
Salary Tables
Project Management
SALARY RANGE (IDR IN MIL)
General Management
SALARY RANGE (IDR IN MIL)
Please note: 1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there
are often specific circumstances relating to individual companies, please call us for additional information. 2. These figures are generally the total remuneration (i.e. cash),
excluding bonus / incentive schemes. 3. Variable and incentive schemes are becoming more common through the different levels of management and are not included in
these figures. Refer to our online version at https://www.michaelpage.co.in/salary-guide