IBS Software Services Principal Consultant Salaries by 6 Employees

15 - 21 years exp.

₹21 Lakhs - ₹35 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

At par with the average Principal Consultant Salary in Software Product Companies for 15 - 21 years of experience

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Salaries in different departments

Consulting Principal Consultant Salary 15 - 21 years exp. (3 salaries)	₹21 L/yr - ₹35 L/yr
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Sales & Business Development Principal Consultant Salary 15 years exp. (AmbitionBox Estimate)	₹28.7 L/yr - ₹30 L/yr

Last Updated: 29 Sep 2024

Companies similar to IBS Software Services for Principal Consultant

Company name	Avg Annual Salary	Open Jobs
Infor Global Solution Principal Consultant Salary 11 - 17 years exp. (66 salaries)	₹16 L/yr - ₹33 L/yr 7% less	2 job openings
Aurionpro Solutions Principal Consultant Salary 10 - 16 years exp. (40 salaries)	₹20 L/yr - ₹52 L/yr 19% more
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Temenos Principal Consultant Salary 5 - 19 years exp. (24 salaries)	₹16.1 L/yr - ₹42 L/yr 4% less
Ramco Systems Principal Consultant Salary 12 - 18 years exp. (19 salaries)	₹16 L/yr - ₹30 L/yr 23% less
BUSINESSNEXT Principal Consultant Salary 13 - 18 years exp. (16 salaries)	₹25.5 L/yr - ₹40 L/yr 19% more
PeopleStrong Technologies Principal Consultant Salary 0 - 5 years exp. (9 salaries)	₹4.1 L/yr - ₹10 L/yr 80% less
Finastra Principal Consultant Salary 10 - 16 years exp. (6 salaries)	₹24 L/yr - ₹33.8 L/yr 6% less
Genesys Principal Consultant Salary 11 - 17 years exp. (5 salaries)	₹16.5 L/yr - ₹38 L/yr 12% more
KPIT Technologies Principal Consultant Salary 5 - 17 years exp. (4 salaries)	₹23 L/yr - ₹31.4 L/yr 12% less
Oracle Cerner Principal Consultant Salary 8 - 10 years exp. (3 salaries)	₹26 L/yr - ₹40 L/yr 6% more

Principal Consultant salary at IBS Software Services ranges between ₹21 Lakhs to ₹35 Lakhs per year for employees with experience between 15 years to 21 years. Salary estimates are based on 6 latest salaries received from various employees of IBS Software Services.

Experience wise IBS Software Services Principal Consultant salaries

Last Updated: 29 Sep 2024

Experience	Avg Annual Salary
15+ years (6 salaries)	₹21 L/yr - ₹35 L/yr
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Similar Designation salaries in IBS Software Services

Associate Consultant Salary

(5 salaries)

₹4.5 L/yr - ₹8.3 L/yr

Senior Consultant Salary

(6 salaries)

₹15 L/yr - ₹24 L/yr

Lead Consultant Salary

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₹20 L/yr - ₹20 L/yr

Technical Architect Salary

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₹9.71 L/yr - ₹26 L/yr

Technical Lead Salary

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₹5.45 L/yr - ₹21 L/yr

Technical Manager Salary

(AmbitionBox Estimate)

₹28.8 L/yr - ₹36.8 L/yr

Senior Associate Salary

(4 salaries)

₹11 L/yr - ₹26.7 L/yr

Principal Software Engineer Salary

(AmbitionBox Estimate)

₹21.6 L/yr - ₹27.6 L/yr

Technical Specialist Salary

(AmbitionBox Estimate)

₹12.6 L/yr - ₹16.1 L/yr

Project Lead Salary

(28 salaries)

₹9.65 L/yr - ₹25 L/yr

Salary related reviews for IBS Software Services

5.0

Rated by 1 employees for salary & benefits

Lead Software Engineer in Kochi

Full Time

Engineering - Software & QA Department

4.0

• posted on 24 Aug 2023

3.0

for Salary and Benefits

Likes

Except salary we have other benefits.Appraisal is low comparitively,will get 2-10 percentage in a year. Company culture was good, less politics. Have a good training team which helps to skill development.

Skill development - Good

+2 more

Dislikes

Some times could not able to maintain work life balance.when working with product team.

Senior Software Engineer in Thiruvananthapuram

Full Time

Engineering - Software & QA Department

3.0

• posted on 14 Dec 2018

1.0

for Salary and Benefits

Likes

Work environment

Job security - Good

Dislikes

...ou would feel like you are the only one who can handle what you have did before. But don't expect the salary hike. You would get team champ, excellence awards but these won't get reflects in your salary.

Salary - Bad

Technical Lead in Bangalore / Bengaluru

Engineering - Software & QA Department

4.0

• posted on 11 May 2022

4.0

for Salary and Benefits

Likes

CTC is not inflated with frivolous components. They tell and write what they pay, which felt very transparent, rare to see nowadays. That was a huge win, atleast for me. Job security is there, learning takes place almost daily and they encourage to learn more. I have also heard about good insurance policy, but have never utilised on this, so no idea. Good place to grow. They give real WFH and not a fake one like 3 day office and 2 day WFH etc - so freedom of work location is definitely there. Also, Hiring HRs were definitely among the best ones I had encountered among the other offers I had received. I can stay a long time here if they give full WFH, try to maintain a better work life balance and give better hikes.

Salary - Good

+3 more

Dislikes

Work life balance is bad, no doubts about it. Sometimes one might have to work on weekends too, for some teams. Hikes are not the best either.

Work-life balance - Poor

Senior Software Engineer in Kochi

Engineering - Software & QA Department

4.0

• posted on 26 Feb 2022

3.0

for Salary and Benefits

Likes

- Good work environment and team - Very flexible timing - No micro-management or monitoring - Access to paid learning platforms - Good leave policies and no restriction in taking leaves. - Product-based company so will get exposure to enterprise graded technologies

Skill development - Excellent

+4 more

Dislikes

- The salary of existing employees are 40 to 60% less than new joiners. - Health insurance amount is less when compared to other similar companies

Senior Software Engineer in Thiruvananthapuram

Engineering - Software & QA Department

5.0

• posted on 18 Mar 2022

2.0

for Salary and Benefits

Likes

A good place to build a career. You are open to a vast space of various tech and business opportunities that you can learn and implement.

Skill development - Excellent

+5 more

Dislikes

Compensation formats could be made better. Also certains workflows inside the organisation could be made easier.

Salary - Poor

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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IBS Software Services Principal Consultant Salary FAQs

What is the salary of Principal Consultant at IBS Software Services ?

The average salary of a Principal Consultant at IBS Software Services in India typically ranges from ₹21.0 Lakhs to ₹35.0 Lakhs per year, depending on experience (from 15 years to 21 years).

The top 10% of Principal Consultant at IBS Software Services earn more than ₹34.5 Lakhs per year, and the top 1% earn over ₹35.0 Lakhs per year. Principal Consultant Salaries at IBS Software Services can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 6 IBS Software Services employees in India.

What is the estimated take home salary of a Principal Consultant at IBS Software Services in India?

The estimated take-home salary of a Principal Consultant at IBS Software Services in India typically ranges from ₹1,79,474 to ₹1,86,453 per month. This is based on the average salary range of ₹21.0 Lakhs to ₹35.0 Lakhs per year for employees with experience ranging from 15 years to 21 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 6 salaries received from various employees of IBS Software Services. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IBS Software Services for Principal Consultant in India?

Aurionpro Solutions	₹20.0 Lakhs to ₹52.0 Lakhs per year
BUSINESSNEXT	₹25.5 Lakhs to ₹40.0 Lakhs per year
Genesys	₹16.5 Lakhs to ₹38.0 Lakhs per year
Oracle Cerner	₹26.0 Lakhs to ₹40.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IBS Software Services, depending on the role and experience level.

What is the salary of a Principal Consultant in companies similar to IBS Software Services in India?

The salary of a Principal Consultant at companies similar to IBS Software Services in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Temenos	₹16.1 Lakhs to ₹42.0 Lakhs per year
Finastra	₹24.0 Lakhs to ₹33.8 Lakhs per year
Infor Global Solution	₹16.0 Lakhs to ₹33.0 Lakhs per year
KPIT Technologies	₹23.0 Lakhs to ₹31.4 Lakhs per year
Ramco Systems	₹16.0 Lakhs to ₹30.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Principal Consultant at IBS Software Services in India?

The salary growth for a Principal Consultant at IBS Software Services depends on factors such as experience, performance, and promotions. On average, a Principal Consultant can expect the following growth trajectory at IBS Software Services:

Experience	Average Salary Range
15 years	₹21.0 Lakhs to ₹35.0 Lakhs per year

and so on.

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IBS Software Services Principal Consultant Salaries

IBS Software Services Principal Consultant salary in India ranges between ₹21 Lakhs to ₹35 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 IBS Software Services latest salaries received from various employees of IBS Software Services.