Salary of PhD Professionals [Average Salary of PhD In 2024]

A PhD, or Doctor of Philosophy, is the highest academic degree one can achieve. The term "PhD" comes from the Latin "Philosophiae Doctor" and involves in-depth research in a specific field. Completing a PhD can take 3 to 6 years. Earning a PhD opens many career opportunities and improves job prospects.

A 2019 study by the All India Survey of Higher Education (AISHE) showed a 60% increase in PhDs awarded over five years. In 2019-20, admissions rose from 1,24,451 to 2,02,552. PhD salaries in India vary by profession and field. Also Read | PhD Full Form!

PhD pay varies according to funding source, country, study area, university, and individual circumstances. In India, a PhD graduate makes, on average, INR 10 LPA a year. PhD holders can work in a wide range of positions, including data scientists, professors, and research analysts.

Salary ranges for high-paying PhD positions range from INR 12 to 26 LPA and according to the GLASSDOOR average salary of PhD students per month is Rs.36.989. Their pay scale is INR 90K to INR 92.5K per month.

Many opportunities arise with a research degree, and it increases work chances and encourages people to seek PhDs in their subjects of interest. Students applying for PhD programs are interested in PhD salaries in India in 2024. This article provides information on salaries for different careers and PhD professor salaries in India.

Moreover, if you want to pursue a PhD Program without leaving your job you can opt for a Part time PhD. It is specially designed for students who are unable to attend daily classes and want to pursue a PhD Program.

By opting for a PhD for working professionals you can complete your PhD program without even attending college. Moreover, you also get a chance to select the specialization of your choice.

Some of the specializations of Doctorate programs/online DBA are mentioned below :

• DBA in Human Resource Online
• DBA in Emerging Technologies Online 
• DBA in Generative AI Online
• DBA in Supply Chain 

What is the Average Salary of a PhD Graduate? 

The average salary for a PhD holder in India is approximately Rs. 24 lakhs per year. However, this amount varies based on the employer, industry, and location. For instance, experienced IT professionals with 10 years of experience earn an average of 40 lakhs per year. Fresh PhD graduates can expect a starting salary ranging from Rs. 8 to 12 lakhs per year.

What are the Job Opportunities after Completing your PhD Program? 

Students can choose their research specialty based on their interests and knowledge. Entrance exams like CSIR UGC NET, IIT JAM, and NPAT help students get into PhD programs. Those interested in engineering PhDs should take the GATE exam.

After completing a PhD, candidates have many job options in both private and public sectors. Jobs include research scientist, associate professor, economist, historian, and more. Starting salaries for PhD holders are around Rs 6 LPA. Higher salaries depend on experience, knowledge, and skills.

S. No.	Career	Description
1	Academics
	Post Doctorate	Many choose post-doctorate after their PhDs. It has various benefits like significant solo or group research projects. Their work positively impacts society, government policy, and business. They need skills like research, communication, knowledge of the subject, team management, and curiosity.
	Adjunct Position	An adjunct post is a non-tenure position in the university. These professionals significantly contribute to the faculty. They work extra hours and have many educational duties.
	Faculty Position	Teaching is high-paying and successful due to its similarities with academic work. PhD holders specialize in their field and can impart extensive knowledge. Required skills include subject command, communication, analytical abilities, people management, human behavior comprehension, and empathy.
2	Entrepreneur	PhD holders often succeed in entrepreneurship due to their creativity and research skills. Both entrepreneurs and PhDs identify social issues and create models to solve them.
3	Digital Media Company	The job involves preparing in-depth analysis reports and creating reports on artistic and cultural events. PhD holders have strong writing and research skills, making them suitable for writing jobs in media companies. It's a good option for those not interested in teaching post-PhD.
4	Research Associate	Research associates handle data collection, preparation, analysis, reporting, and research. They solve identified problems. They can work in various industries, benefiting society in history, science, art, culture, and policy-making. Many switch from academic to business research for more impact.
5	Consultancy	PhDs excel in consulting due to their specialized expertise. Large firms recruit PhD holders for their valuable data and insights. They solve issues rationally and effectively.
6	Government Sector	PhD holders offer unique perspectives for analyzing and solving complex issues, aiding better decision-making. Opportunities include military research and policymaking positions. They can work in various government departments like policy-making, rural development, transportation, and foreign affairs.
7	Data Scientist	Uses statistical analysis and machine learning to solve problems and drive business strategies
8	Medical or Scientific Writer	Writes articles and blogs about research topics or medical expeditions.
9	Lecturer	Delivers lectures, creates lesson plans, and guides students in a specialized academic field.
10	Application Scientist	Acts as a liaison between medical device producers and buyers
11	Medical Technologist	Performs lab tests, examines samples, provides diagnoses, and treats medical disorders.
12	Computer Engineer	Designs, develops, and tests computer hardware and software systems.
13	Product Manager	Manages the lifecycle of a product or a product portfolio.
14	Chief Research Manager	Leads scientific research and supervises projects to achieve goals
15	Public Prosecutor	Represents the government in criminal cases, does legal research, and argues in court

What are the Salaries for different Professions?

 Various PhD specializations and their respective salaries are listed in the table below :

Streams	PhD Specialisations	Average Salary
Arts	PhD English	Rs 4,00,000 – Rs 12.00,000
	PhD Economics
	PhD History
	PhD Sociology
	PhD Psychology
Law	PhD Legal Studies	Rs 2,00,000 – Rs 13,00,000
	PhD Law
Engineering	PhD Biomedical Engineering	Rs 3,00,000 – Rs 15,00,000
	PhD Information Technology
	PhD Mechanical Engineering
	PhD Bioinformatics
Medical	PhD Neuroscience	Rs 4,00,000 – Rs 11,00,000
	PhD Pathology
	PhD Physiotherapy
Management	PhD Human Resource Management	Rs 4,00,000 – Rs 12.00,000
	PhD Marketing
	PhD Business Management
	PhD Finance
Science	PhD Chemistry	Rs 4,00,000 – Rs 14,00,000
	PhD Computer Science
	PhD Biology
Mathematics	PhD Mathematics	Rs 3,00,000 – Rs 10,00,000

Below is information on PhD salaries in India for Professors, Associate Professor, and other positions. You can view the table to see what PhD Professors make in India.

Job Profile	Average Annual Salary
Associate Professor	Rs 4 to 8 Lakhs
Professor	Rs 7.80 to 30 Lakhs
Research Assistant	Rs 3.10 to 5 Lakhs
Computer Engineer	Rs 4 to 9 Lakhs
Legal Assistant	Rs 4 to 8 Lakhs
Consultant	Rs 8 to 10 Lakhs
Research Scientist	Rs 6 to 12 Lakhs
Senior Writer	Rs 10 to 14 Lakhs

Company Wise Salary of a PhD Graduate

Different companies hire PhD graduates based on their skills and knowledge. The location and reputation of a company influence the salary of a PhD graduate.

Here is a table showing the salary of a PhD graduate based on the hiring company :

Note : Salary also depends upon factors such as location, experience, skills, and knowledge. These factors can affect your salary. 

What is the monthly salary of a PhD Graduate? 

Salary ranges for high-paying PhD positions range from INR 12 to 26 LPA. Their pay scale is INR 90K to INR 92.5K per month. Many opportunities arise with a degree in research, and increased work chances encourage people to seek PhDs in their subjects of interest.

Moreover, if you do not want to quit your job and want to pursue a PhD program while earning you can opt for its alternative and the alternative is online DBA.

It stands for a Doctor of Business Administration and it is also a doctorate program that gets you recognized by a “Dr” title. Moreover, it offers you various advantages such as flexibility, learning while earning, and many more. Furthermore, you can earn your doctorate degree from an international university without relocating to the place if you opt for an Online DBA.

Online DBA is a perfect alternative to an Online PhD, Online PhD is not a valid option in India but online DBA is valid globally including in India. Many universities offer you an Online DBA. Some of them are mentioned below 

Universities	Fees
Golden Gate University	INR 8,14,000
Rushford Business School	INR 8,12,500
ESGCI International School of Management Paris	INR 8,14,000

What is the Professor's Salary in India?

The salary range for professors in India varies widely, from Rs.1.4 lakhs to Rs.33.6 lakhs annually, with an average of Rs.15.7 lakhs per year. Government of India professors majorly earn an average salary of Rs.28 lakhs annually, with a range between Rs.24.1 lakhs to ₹36 lakhs per year, depending on experience.

What is the Salary of a Government Professor?

Government jobs in India provide excellent career opportunities for PhD graduates due to ongoing research and infrastructure development.

Here is a list of government jobs suitable for PhD graduates:

Job Profile	Description	Average Annual Salary
Professor	Professors teach college/university students, provide study materials, and guide project work.	INR 5L - INR 7 LPA
Researcher	Researchers collect and analyze data throughout project cycles, and publish findings to advance research.	INR 7.5 LPA
Public Prosecutor	Public Prosecutors represent the government in criminal cases, conduct legal research, and argue in court.	INR 4.5L - INR 6 LPA

What is the salary of Private jobs after completing a PhD Program?

There are numerous job opportunities in the private sector due to increased investment by global companies in the science and technology industry. Below is a list of job openings for PhD graduates in the private sector.

Job Profile	Description	Average Annual Salary
Corporate Lawyer	Handles legal issues related to corporate business practices, including business, legal, and financial functions.	INR 6L - INR 7 LPA
Computer Engineer	Designs develops, and tests computer hardware and software systems to enhance performance.	INR 3L - INR 4.5 LPA
Professor	Teaches students at the college/university level, provides study material, and guides project work.	INR 5L - INR 7 LPA

What are the specializations of a PhD Program? 

Employment for PhD candidates depends on their specialization. The PhD program offers various specializations with different career profiles. Some examples include: including PhDs in Management, PhDs in the Arts, PhDs in Engineering, PhDs in Medicine, PhDs in Legal Studies, etc. The details are mentioned below:

PhD Specialisations and Career Options :

• PhD in Management - HR Manager, Entrepreneur, etc. 
• PhD in Business Administration - Economist, Professor, etc. 
• PhD in AI - Data Scientist, Research Scientist, etc. 
• PhD in Psychology -Research Psychologist, Clinical Psychologist, Professor, Therapist
• PhD in Computer Science - Data Scientist, Research Scientist, etc. 
• PhD in Data Science - Website Developer, Software Developer, Hardware Engineer, Network Engineer, etc. 
• PhD in commerce - Data Analyst, Finance Analyst, etc. 
• PhD in law - Legal Advisor, Lawyer, etc.
• PhD Medical: Hospital Administrator, Medical Scientist, Professor, Researcher
• PhD Engineering: Research Scientist, Mechanical Design Engineer, Executive Engineer
• PhD Mechanical Engineering: Executive Engineer, Research Scientist, Professor, Mechanical Design Engineer
• PhD Arts: Content Writer, Economist, Professor, Clinical Psychologist
• PhD Marketing: Deputy Manager, Marketing Manager, New Product Manager, Marketing Executive
• PhD Economics: Professor, Banker, Financial Manager, Accountant, Economist
• PhD Mathematics: Accountant, Cashier, Finance Manager, Professor, Loan Counsellor
• PhD Biology: Professor, Microbiologist, Research Biologist.
• PhD Chemistry: Forensic Chemist, Junior Scientist, Chemical Researcher, Medical Technologist.

Specialization affects job opportunities in the private sector. PhD candidates have many opportunities in the private sector across various fields. Employment depends on their specialization. Leading employers include private universities, Google, Microsoft, Deloitte, and Infosys. PhD holders also find jobs in government organizations.

After earning a PhD, candidates can work in chemical or pharmaceutical companies, the oil and gas industry, research sectors, NGOs, and more. Salary structures differ between the private and public sectors. Moreover, if you feel that quitting your job for PhD is a bit confusing for you then you may opt for a PhD for working professionals as it is the perfect alternative to a PhD Program. 

PhD programs for working professionals are designed for executives. Many institutions in India and abroad offer this program full-time, but time commitments can be challenging.

This Part-Time PhD program for working professionals is personalized for students with full-time jobs. It prepares participants for research and teaching roles, both in and out of academics. Candidates must be qualified graduates in the related subject or have completed a postgraduate course.

Part-time PhD programs are available at colleges like IIT, JNU, and other top universities in India. The average fee ranges from INR 2,00,000 to INR 7,00,000. Admission is based on merit, an entrance test, and an interview by various universities.

There are various specializations of doctorate programs for Working Professionals. Some of them are mentioned below :

• DBA in Human Resource
• DBA in Emerging Technologies 
• DBA in Generative AI
• DBA in Supply Chain 

 Moreover, if you are thinking of pursuing an Online PhD, I would like to inform you that an Online PhD is not a valid option in India, so you can opt for its alternative which is an Online DBA.

It is a doctoral program that be pursued in Online mode without having restrictions on attending classes regularly. Moreover, you can easily earn your doctorate degree from an international university without even relocating to abroad.

Various universities are offering an Online DBA. Some of them are mentioned below :

• Golden Gate University 
• Rushford Business School 
• ESGCI International School of Management Paris 

Top Recruiters of a PhD Program

Some of the top employers for PhDs in India, along with the associated job profiles, include educational institutions (private or government), research institutions, consultancies, private companies, and think tanks.

Some of the top government research bodies hiring professionals with a PhD include:

• Central Forest Research Institute
• Central Mining Research Institute
• National Dairy Research Institute
• Indian Meteorological Observatory
• All India Institute of Medical Sciences (AIIMS)
• Archaeological Survey of India

Other recruiters include:

• Private Educational Institutes - Professors, Researchers, Counsellors, Administrators, etc.
• MNCs - Corporate Lawyers, Engineers, Counsellors, Researchers, etc.
• Central and State Government - Professors, Public Prosecutors, Computer Engineers, Researchers, etc.

Some of the popular think tanks hiring professionals having doctorate degree include:

• Centre for Asian Strategic Studies-India
• PRS Legislative Research
• World Resources Institute India
• Centre for Civil Society
• Centre for Policy Research
• Centre for Science and Environment
• Council On Energy, Environment, and Water

Jobs for freshers of PhD Program

Candidates can find employment opportunities both during and after completing a PhD from a reputable college. Job prospects are broad, including roles like scientific writer, assistant manager, and research assistant.

Opportunities also exist in research and development organizations that seek fresh PhD graduates. Salaries tend to be higher in industrial research and development sectors, with starting salaries around INR 6.50 LPA. Here are some top job profiles in India for your reference:

Job Profile	Average Annual Salary
Legal Assistant	3.96 LPA
Consultant	8.00 LPA
Research Scientist	7.56 LPA
Senior Writer	12.69 LPA
Assistant Professor	4.00 LPA
Research Assistant	3.10 LPA
Computer Engineer	2.40 LPA

What is the Monthly PhD Stipend for a PhD student in India? 

Starting January 1, 2023, the stipends for the Junior Research Fellowship (JRF) increased from Rs 31,000 to Rs 37,000. Similarly, Senior Research Fellowship (SRF) stipends have also risen, going from Rs 35,000 to Rs 42,000. 

At IIT Gandhinagar, PhD students are eligible for a generous fellowship program. Under this program, they receive a monthly stipend of Rs 1,00,000. This stipend includes Rs 90,000 for living expenses and an additional Rs 10,000 specifically for housing. The fellowship program at IIT Gandhinagar is aimed at supporting individuals who are pursuing an academic career path. It provides financial assistance to help students focus on their research and academic pursuits.

What is the PhD Stipend/Salary for a PhD Student at IIT? 

The salary for a PhD Research Scholar at IIT Kharagpur ranges from Rs 3 Lakhs to Rs.5.1 Lakhs per year, making it an average of Rs. 4.2 Lakhs annually for those with up to 6 years of experience. At IIT Delhi, PhD Students earn between Rs. 4 Lakhs to Rs. 5 Lakhs per year, including base salary and additional pay.

For PhD Students at IIT Bombay, the annual salary ranges from Rs.3 Lakhs to Rs. 4.4 Lakhs, with an average of Rs. 4.1 Lakhs. At IIT Kanpur, the estimated total pay varies from Rs.30,000 to Rs. 39,000 per month, including base salary and additional compensation, with a base salary averaging Rs. 35,000 per month.x

What is the PhD Stipend/ Salary in the USA?

A PhD is one of the most challenging degrees, but it is also very rewarding. In the USA, it takes about 4 to 6 years to complete a PhD. One great thing about doing a PhD is that you get paid for it. If you are interested in academics, a PhD can boost your career and increase your salary by about 25% compared to a master’s degree.

You will receive a stipend of around Rs. 12,52,474-25,04,949 per year while studying. After completing your PhD, you can earn a salary between Rs. 50,09,898 - 83,49,830 or more.

What is the PhD Stipend/Salary in the UK?

UK tuition fees for doctoral courses starting in 2021/22 are around Rs. 4,82,035 per year, based on UKRI recommendations. Stipends typically range from Rs. 16,06,780 to 19,28,136 per year, though some can be higher.

Is a PhD Worth it in 2024?

Yes, it is worth it in the year 2024 as holding a Doctorate is an achievement for students and professionals as it shows that you have now become an expert in the field. It also allows you to add the "Dr" title to your name. Here are some benefits of having a PhD:

• Career Advancement: A PhD can boost your career prospects, especially in academics, research, and science-related industries. The skills and knowledge gained during a PhD program make you a strong candidate for senior positions and can increase your earning potential.
• Increased Earning Potential: Many PhD students receive financial support for their research, which covers tuition and provides a living allowance. PhD students often earn 20% more than those with a Master's degree.
• Personal Growth: Pursuing a PhD requires hard work, determination, and self-discipline. Completing a PhD can build self-confidence and increase your sense of self-worth.
• Networking Opportunities: A PhD provides chances to meet and collaborate with other researchers, academics, and professionals in your field. These connections can be valuable for future career advancement and ongoing collaboration.
• Access to Advanced Research: By pursuing a PhD, you can contribute significantly to your field of study. Research findings can impact public policy and help solve important social and scientific problems.

These are some of the main benefits of having a PhD.

 

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Conclusion 

A PhD, or Doctor of Philosophy, is the highest academic degree one can achieve. The term "PhD" comes from the Latin "Philosophiae Doctor" and involves in-depth research in a specific field. Salary ranges for high-paying PhD positions range from INR 12 to 26 LPA. Their pay scale is INR 90K to INR 92.5K per month. Many opportunities arise with a degree in research, and increased work chances encourage people to seek PhDs in their subjects of interest.