A person working as an Environmental Economist in India typically earns around 50,400 INR per month. Salaries range from 23,700 INR (lowest) to 79,600 INR (highest).
This is the average monthly salary including housing, transport, and other benefits. Environmental Economist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Environmental Economist salaries in India range from 23,700 INR per month (minimum salary) to 79,600 INR per month (maximum salary).
The median salary is 53,400 INR per month, which means that half (50%) of people working as Environmental Economist(s) are earning less than 53,400 INR while the other half are earning more than 53,400 INR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Environmental Economist(s) are earning less than 34,700 INR while 75% of them are earning more than 34,700 INR. Also from the diagram, 75% of Environmental Economist(s) are earning less than 70,500 INR while 25% are earning more than 70,500 INR.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Environmental Economist salaries by experience level and this is what we found.
An Environmental Economist with less than two years of experience makes approximately 27,300 INR per month.
While someone with an experience level between two and five years is expected to earn 37,600 INR per month, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 53,600 INR per month, 42% more than someone with two to five years of experience.
Additionally, Environmental Economist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 65,300 INR per month, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 68,900 INR per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 75,100 INR per month, 9% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+38%|
|5 - 10 Years||+42%|
|10 - 15 Years||+22%|
|15 - 20 Years||+6%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Environmental Economist salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of an Environmental Economist is 34,800 INR per month.
While someone with a Master's Degree gets a salary of 53,800 INR per month, 55% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 71,700 INR per month, 33% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in India costs anywhere from 160,000 Indian Rupee(s) to 479,000 Indian Rupee(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Environmental Economist employees in India earn 14% more than their female counterparts on average.
Environmental Economist(s) in India are likely to observe a salary increase of approximately 12% every 18 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in India for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
An Environmental Economist is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
40% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 60% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Environmental Economist is 49% more than that of Environmental. Also, Environmental salaries are 6% more than those of All Jobs.
|Job Title||Average Salary|
|Environment Advisor||42,800 INR||-15%|
|Environmental and Agricultural Scientist||50,800 INR||+1%|
|Environmental Compliance Inspector||21,900 INR||-57%|
|Environmental Coordinator||18,100 INR||-64%|
|Environmental Economist||50,400 INR||+0%|
|Environmental Educator||38,500 INR||-24%|
|Environmental Engineer||29,000 INR||-42%|
|Environmental Health Practitioner||54,600 INR||+8%|
|Environmental Manager||49,900 INR||-1%|
|Environmental Officer||15,700 INR||-69%|
|Environmental Planner||20,000 INR||-60%|
|Environmental Protection Officer||15,700 INR||-69%|
|Environmental Restoration Planner||28,500 INR||-43%|
|Environmental Scientist||51,300 INR||+2%|
|Environmental Services Coordinator||16,600 INR||-67%|
|Environmental Specialist||23,800 INR||-53%|
|Environmental Superintendent||20,400 INR||-59%|
|Environmental Technician||15,200 INR||-70%|
|Forestry Consultant||36,100 INR||-28%|
|Forestry Supervisor||22,800 INR||-55%|
|Senor Environmental Health Practitioner||54,600 INR||+8%|
|Waste Management Manager||48,900 INR||-3%|
|Waste Tracking Specialist||38,500 INR||-24%|
|Water Treatment Superintendent||25,700 INR||-49%|
|Andaman & Nicobar Islands||43,000 INR|
|Andhra Pradesh||57,100 INR|
|Arunachal Pradesh||49,400 INR|
|Dadra & Nagar Haveli||43,700 INR|
|Daman & Diu||43,900 INR|
|Himachal Pradesh||48,100 INR|
|Jammu & Kashmir||50,600 INR|
|Madhya Pradesh||61,100 INR|
|Tamil Nadu||61,100 INR|
|Uttar Pradesh||63,600 INR|
|West Bengal||57,700 INR|
Where can you get paid more, working for a private company or for the government? Public sector employees in India earn 5% more than their private sector counterparts on average across all sectors.
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