Want to know company secretary salary in india? Well you have landed on the right article.
In the citizen sector, a Company Secretary is a senior post. It is also known as Compliance Officers, and it is one of the main managerial jobs in any firm (which usually includes the CEO and CFO).
A Company Secretary is in charge of the company's effective administration, notably in terms of ensuring compliance with statutory and regulatory requirements and ensuring that the board of directors' decisions is carried out.
One of the professions with attractive compensation and a wide range of options is that of a company secretary. The salary of a Company Secretary is decided by the skillsets, knowledge, and experience of the employee.
Firm secretaries are employed to guarantee that the company complies with all legal requirements, and they do many of the tasks that legal consultants do.
ICSI comprises a wide range of responsibilities, which may differ based on who a corporate secretary works for. In the market, ICSI CS Exam degrees are in high demand.
company secretary salary in india
Average CS Salary in India
Company secretaries typically make a salary that is proportional to their level of expertise. In India, a starting wage might range from Rs. 28,000 to Rs. 40,000 per month.
There are many prospects for advancement as a business secretary gains experience, and a reputable firm can raise a corporate secretary's income to Rs. 100,000 per month.
Non-monetary advantages for company secretaries include paid vacations, insurance, and access to credit for housing and transportation, as well as sick leave. The trend for Associate Company Secretary Salary based on Experience is good.
Based on 314 salaries, the starting salary for a Company Secretary in India with less than 5 years of experience is predicted to be Rs 485,000.
Secretary of the Corporation Based on 131 incomes, the average salary for someone with 5 to 10 years of experience is Rs 784,000.
Employees with 10 to 20 years of experience, on the other hand, will receive Rs 1,469,000 as Company Secretary Salary.
CS salary in India for fresher
Both in India and overseas, there is clearly a high demand for company secretaries. However, in terms of career growth and stability, India outperforms the rest of the world.
This is due to the fact that the course is based on the Companies Act of 1956, which is rooted in the Indian legal and political structure and has no application outside of India.
So there's no reason to be discouraged by the lack of opportunities abroad. A qualified company secretary, on the other hand, may find work prospects similar to those offered to business graduates in other countries, and in India.
- In India, a starting wage might range from Rs. 28,000 to Rs. 40,000 per month.
There is also a lot of possibility for advancement as experience accumulates, and a well-known employer might raise a business secretary's monthly income to Rs. 100,000.
The pay scale for a company secretary is determined by a variety of criteria, including qualification, skill, and more.
Highest paying companies to C.S in India
The functions of Big Four firms such as KPMG, Deloitte, and PWC have inspired many students. Their professional circle can be seen in the clients they represent and the projects they do.
To handle the work at the Big Four Companies, job preparedness is critical. The CA/CMA and ACS institutions work with the Big Four Companies.
Big Fours are required by Indian law to designate a Company Secretary. State regulations govern the function of company secretaries. Company secretaries also help the public sector by adhering to state regulations and international conventions.
The starting wage is modest, but as experience grows, the salary rises. Company secretaries keep an eye on all of the other departments of the company.
As finance and legal formalities change the business atmosphere, there is a significant demand for company secretaries. The average annual wage in India is Rs. 6, 21,583/-. The beginning wage is between 20,000 and 30,000 dollars.
According to job portals, the maximum remuneration for Company Secretaries in Big Four organizations is from 22 lakhs to 25 lakhs per year.
C.S Salary in India on the basic skills
Company secretaries typically make a salary that is proportional to their level of expertise.
- In India, a starting wage might range from Rs. 28,000 to Rs. 40,000 per month.
- There are many prospects for advancement as a business secretary gains experience, and a reputable firm can raise a corporate secretary's income to Rs. 100,000 per month.
Non-monetary advantages for company secretaries include paid vacations, insurance, and access to credit for housing and transportation, as well as sick leave.
Some of the basic skills required by CS to earn this salary are
- Commercial awareness
- Strong administrative skills
- Analytical skills
- Communication skills
- Judgement skills
- Research skills
- People skills
- Perseverance
- Creativity
C.S Salaries in big companies
Government employment is available for company secretaries. They can work as bank employees, UPSC personnel, railway employees, and PSC employees.
However, various private companies as well provide job opportunities to cs graduates. That even includes the Big Four. Big Fours are required by Indian law to designate a Company Secretary.
Junior auditors, junior Company secretaries, senior auditors, and senior Company secretaries make up the Big Four's hierarchy. To handle the work at the Big Four Companies, job preparedness is critical.
The departments that require the services of a Company secretary include risk management and client advising services.
The starting wage is modest, but as experience grows, the salary rises. The average annual wage in India is Rs. 6, 21,583/-. The beginning wage is between 20,000 and 30,000 dollars.
According to job portals, the maximum remuneration for Company Secretaries in Big Four organizations is from 22 lakhs to 25 lakhs per year. The roles available at Big Four firms such as KPMG, Deloitte, and PWC have inspired many students to pursue cs.
Many students fantasize about working for one of the Big Four corporations. Aside from the Big Four, companies such as SBI and Bhel offer a diverse range of options for company secretaries.
C.S Salary in India in Different Cities
As an intern, you can expect to earn between Rs. 4,000 and Rs. 8,000 per month. Monthly pay of Rs. 15,000 is nearly guaranteed for an ordinary candidate.
However, if you have good skills and communication skills, you could be able to start your career with a monthly income of Rs. 20,000 to Rs. 25,000.
If you have experience, you can expect to earn between Rs. 30,000 and Rs. 45,000 per month. With more time, experience, and competence within a company, though, you can command higher salary.
Cities | Annual Average Salaries |
|---|---|
Mumbai, Maharashtra | INR 982,635 – INR 1,960,934 |
New Delhi, Delhi | INR 293,614 – INR 822,120 |
Pune, Maharashtra | INR 304,350 – INR 1,035,000 |
Bangalore, Karnataka | INR 178,793 – INR 1,208,048 |
Hyderabad, Andhra Pradesh | INR 400,000 – INR 1,280,000 |
Latest CS Perks & Benefits
The company secretary, along with the other directors, is entrusted with essential responsibilities under the Company Act.
He is the chief executive officer, and among other things, he is in charge of compiling annual reports, securing legal records, and modifying the share capital of companies.
Company secretaries are responsible for ensuring a company's seamless running.
Employees of the Company Secretary are entitled to benefits and awards in exchange for their contributions, which are properly recognised and respected.
The advantages are as follows:
- Private Medical Insurance
- Paid Sick Leave
- Stock Options
- Life Insurance/ Disability
- Company Pension Plan
- Bonus
Average CS Salary in India Vs Other Countries
The average salary of fresher in India may start at somewhere around Rs 4 lakh per annum, it can go up to Rs 9 lakh with an experience ranging between five and nine years and touch Rs 20 lakh per annum for those with an experience of 20 years and over.
- Scope of CS Overseas
There are several CS who are working in various countries, including the United States of America (US), Canada, the United Kingdom (UK), Singapore and Dubai. The average salary of such professionals are:
Country | Annual Average Package |
|---|---|
Australia | AUS$72,400-77,800 |
Canada | CAD$48,700-113,000 |
Dubai | AED58,900 |
Singapore | S$49,455 |
South Africa | R620,291 |
UK | £20,500-78,600 |
USA | $44,500-1,26,000 |
Conclusion
The Company Secretary (CS) programme is a professional course in which students learn how to deal with the regulatory and legal conventions that govern businesses, whether they are private or public.
The company secretary serves as a point of contact for businesses and government organisations. The need for CS in the business world is quickly increasing as a result of the Securities and Exchange Board of India (SEBI) implementation that companies must follow.
Companies have been able to respond to both corporate policy enforcement and much-needed business disclosures as a result of increasingly severe corporation rules.
These lines of communication are maintained and controlled by CS, which serves as a liaison between businesses and government regulators.
Private organisations reward new employees who pass the exam on their first attempt and earn an annual salary of up to 4.1 lakhs.
Freshmen who pass the second attempt receive an average annual salary of 3 to 3.5 lacs.
While the average income for freshmen is around 4 lakh rupees per year, with five to nine years of experience, it can rise to 9 lakh rupees per year and as high as 20 lakh rupees per year for individuals with 20 years of experience.
Frequently Asked Questions (FAQs)
1. What is the salary of CS fresher?
As an intern, you can expect to earn between Rs. 4,000 and Rs. 8,000 per month. A monthly pay of Rs. 15,000 is nearly guaranteed for an ordinary candidate.
However, if you have good skills and communication skills, you could be able to start your career with a monthly income of Rs. 20,000 to Rs. 25,000.
If you have experience, you can expect to earn between Rs. 30,000 and Rs. 45,000 per month.
2. What is the maximum salary of CS in India?
In India, the average yearly wage is Rs. 6, 21,583/-. The starting salary ranges from 20,000 to 30,000 dollars.
The maximum salary for Company Secretaries in Big Four organisations, according to employment portals, ranges from 22 lakhs to 25 lakhs per year.
3. What is the salary of CS in India per month for freshers?
Candidates can only take the final CS test three times in their lives. Private organisations reward new employees who pass the exam on their first attempt and earn an annual salary of up to 4.1 lakhs.
Freshmen who pass the second attempt receive an average annual salary of 3 to 3.5 lacs.
4. What is the monthly salary of a CS?
The average yearly salary for a Company Secretary in India is 6.1 lakhs, with a range of 2.5 lakhs to 17.2 lakhs. Estimated salaries are based on 6.3k salaries paid to Company Secretaries.