Company Secretary Salary: The role of a Company Secretary in India is a critical one for any company's smooth functioning. Company Secretaries, often referred to as CS, play a vital part in managing a company's administrative and clerical tasks. They are usually the first point of contact for clients visiting the company. Company Secretaries are known for their impeccable organization skills, attention to detail, and clear and concise communication abilities.
However, their responsibilities go beyond administrative tasks. They also serve as business consultants, offering valuable ideas and managerial solutions to business owners. In this article, we will delve into the salary prospects of professional Company Secretaries in India, shedding light on how much they typically earn and what is the Company Secretary Salary in India .ICSI Company Secretary Salary: Overview | |
Particulars | Details |
Organization | Institute of Company Secretaries of India (ICSI) |
Course Name | Company Secretary (CS) |
Qualification | 10+2 |
Admission Procedure | Scores in Entrance Exam |
Entrance Exams | CSEET |
Course Levels | Foundation, Executive, Professional |
Eligibility Criteria |
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Fees |
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Average Salary | INR 7 LPA |
Job Profiles | Legal Advisor, Principal Secretary, Investment Banker, Managing Director, Chairman |
Top Recruiters | Parsvnath Infra Ltd., Birla Corporation Ltd., HCL Technologies Ltd., Omaxe Ltd. and so on. |
Official Website | icsi.edu |
Company Secretary Salary in India 2024 | ||
Salary Package | Min. Salary Per Annum | Max. Salary Per Annum |
Salary | ₹2.5 Lakhs | ₹17.2 Lakhs |
Bonus | ₹10,000 | ₹3.9 Lakhs |
Company Secretary Salary in India 2024: Level-Based | |
Level | Salary Per Annum |
Junior Company Secretary | ₹2,60,000 |
Deputy Company Secretary | ₹6,00,000 |
Senior Company Secretary | Upto ₹14,60,000 |
Company Secretary Salary in India 2024: Experience-Based | |
Experience | Average Salary Per Annum |
Less than 1 year | ₹2.5 Lakhs |
2 – 3 years | ₹4.7 Lakhs |
5 – 6 years | ₹6.6 Lakhs |
7- 8 years | ₹8.4 Lakhs |
10 – 11 years | ₹10.3 Lakhs |
12 – 13 years | ₹11.2 Lakhs |
Company Secretary Salary in India 2024: City-Based | |
Location (India) | Annual Average CS Pay Scale (INR) |
Mumbai | ₹9,00,000 – ₹14,00,000 |
New Delhi | ₹3,00,000 – ₹9,00,000 |
Chennai | ₹3,50,000 – ₹12,00,000 |
Bangalore | ₹2,00,000 – ₹12,00,000 |
Hyderabad | ₹400,000 – ₹12,00,000 |
Company Secretary Salary 2024: Country-Based | |
Country | Annual Average CS Pay Scale |
India | ₹6,00,000 |
United States | $100,000 |
United Kingdom | £50,000 |
Australia | AUD$90,000 |
Canada | CAD$80,000 |
Singapore | S$100,000 |
United Arab Emirates | AED100,000 |
Factors Affecting Company Secretary Salary in India 2024 | ||
S.No. | Factors Affecting CS Salary in India | Details |
1. | Experience | Experienced CS professionals earn higher salaries because of their expertise and proven track record. |
2. | Educational Qualifications | Education and qualifications play a significant role in determining the value and contributions of a Company Secretary within an organization. |
3. | Company Size and Industry | Companies in high-demand sectors and larger corporations often provide more competitive salaries. |
4. | Geographic Location | The location has an impact on Company Secretary salaries as it relates to varying living costs and the regional demand within the market. |
5. | Skills and Expertise | Possessing specialized skills and expertise can lead to higher compensation for Company Secretaries. |
6. | Responsibilities and Scope of Work | The responsibilities and decision-making role of a Company Secretary have a direct influence on their salary levels. |
7. | Market Demand | Company Secretary salaries are influenced by the availability of qualified professionals and the competition for talent in the job market. |
8. | Economic Conditions | Economic conditions affect Company Secretary salaries: growth leads to better pay, while downturns result in conservative increments. |
9. | Performance and Contribution | Exceptional performance and significant contributions lead to recognition and increased rewards. |
10. | Additional Benefits | Bonuses, incentives, health insurance, and retirement plans are essential components of the overall compensation package. |