Version 1 Principal Consultant Salaries by 4 Employees (Updated 2024)

5 - 17 years exp.

₹25 Lakhs - ₹40 Lakhs

Low Confidence

Salary of majority employees

16% more than the average Principal Consultant Salary in IT Services & Consulting Companies for 5 - 17 years of experience

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Salaries in different departments

Finance & Accounting Principal Consultant Salary 9 years exp. (AmbitionBox Estimate)	₹27 L/yr - ₹33 L/yr
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Consulting Principal Consultant Salary 13 years exp. (AmbitionBox Estimate)	₹36 L/yr - ₹44 L/yr

Last Updated: 9 Oct 2024

Companies similar to Version 1 for Principal Consultant

Company name	Avg Annual Salary	Open Jobs
TCS Principal Consultant Salary 10 - 22 years exp. (82 salaries)	₹18 L/yr - ₹60 L/yr 25% more
Infosys Principal Consultant Salary 12 - 25 years exp. (2.4k salaries)	₹15.6 L/yr - ₹51 L/yr 7% more	2 job openings
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Wipro Principal Consultant Salary 8 - 22 years exp. (2.1k salaries)	₹14.4 L/yr - ₹43 L/yr 10% less	1 job opening
HCLTech Principal Consultant Salary 10 - 20 years exp. (33 salaries)	₹21.5 L/yr - ₹45 L/yr 6% more
Tech Mahindra Principal Consultant Salary 15 - 25 years exp. (209 salaries)	₹14 L/yr - ₹55 L/yr 7% more
LTIMindtree Principal Consultant Salary 10 - 19 years exp. (126 salaries)	₹16 L/yr - ₹51 L/yr 2% less
Mphasis Principal Consultant Salary 5 - 22 years exp. (15 salaries)	₹10.2 L/yr - ₹28.5 L/yr 33% less
Hexaware Technologies Principal Consultant Salary 15 - 21 years exp. (70 salaries)	₹20 L/yr - ₹41.5 L/yr 5% more
MSG Global Solutions Principal Consultant Salary 11 - 23 years exp. (25 salaries)	₹21.4 L/yr - ₹42.7 L/yr 5% more
SAS Principal Consultant Salary 13 - 17 years exp. (4 salaries)	₹39 L/yr - ₹54 L/yr 49% more
Syniti Principal Consultant Salary 15 - 31 years exp. (4 salaries)	₹35 L/yr - ₹93 L/yr 83% more
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Principal Consultant salary at Version 1 ranges between ₹25 Lakhs to ₹40 Lakhs per year for employees with experience between 5 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Version 1.

Experience wise Version 1 Principal Consultant salaries

Last Updated: 9 Oct 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹22.5 L/yr - ₹28.8 L/yr
9 years (AmbitionBox Estimate)	₹27 L/yr - ₹34.5 L/yr
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13 years (AmbitionBox Estimate)	₹36 L/yr - ₹46 L/yr
15+ years (AmbitionBox Estimate)	₹28.8 L/yr - ₹36.8 L/yr

Similar Designation salaries in Version 1

Associate Consultant Salary

(13 salaries)

₹7.05 L/yr - ₹28.95 L/yr

Senior Consultant Salary

(22 salaries)

₹10.5 L/yr - ₹37 L/yr

Lead Consultant Salary

(5 salaries)

₹22 L/yr - ₹43 L/yr

Technical Architect Salary

(5 salaries)

₹32 L/yr - ₹42 L/yr

Technical Lead Salary

(6 salaries)

₹20.5 L/yr - ₹36.55 L/yr

Principal Software Engineer Salary

(AmbitionBox Estimate)

₹62.7 L/yr - ₹69.3 L/yr

Technical Specialist Salary

(AmbitionBox Estimate)

₹20.7 L/yr - ₹26.5 L/yr

Senior Engineer Salary

(AmbitionBox Estimate)

₹24.3 L/yr - ₹31.1 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹18.7 L/yr - ₹23.9 L/yr

Lead Engineer Salary

(AmbitionBox Estimate)

₹32.9 L/yr - ₹42 L/yr

Salary related reviews for Version 1

3.0

Rated by 1 employees for salary & benefits

Team Lead in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 15 Feb 2024

3.0

for Salary and Benefits

Likes

I received good jump in my salary initially.

Dislikes

...egrity but you will not get to see that in higher management, no transparency. No clear Salary hike policy - you will not get any annual salary hikes after couple of years, best part is they will tell you that until you keep asking for months. HR’s are also dependent on Portfolio Managers decisions - end of the day its all company profits. Worst Performance Review system - Absolutely No Numbers! Only based on some English explanations from your manager your quarterly ratings will be given you will be easily rated unfairly as there are No clear Metrics, KPI’s, Numbers or performance graphs which can be measurable and trusted. So Bottomline Management can decide till when they need your service and if they feel they have extracted enough from you they write anything in their quarterly reviews and rate you down, lower your confidence and demotivate you so you will eventually put down papers.

Oracle SCM Functional Consultant in Bangalore / Bengaluru

Consulting Department

5.0

• posted on 07 Sep 2022

5.0

for Salary and Benefits

Likes

... will look for is "Recognition". Version1 is great to recognize your good works. You will have a wide work-life balance with a good salary and other benefits.

Dislikes

There is nothing

Senior Java Develolper in Bangalore / Bengaluru

Engineering - Software & QA Department

5.0

• posted on 21 Jun 2022

2.0

for Salary and Benefits

Likes

Great company to work for, good leave policy , over all good work life balance and permanent work from home. Good projects to work on with latest technologies.

Dislikes

Nothing much. They do not have a competitive salary structure.

Business Analyst in Bangalore / Bengaluru

Full Time

Data Science & Analytics Department

1.0

• posted on 17 Feb 2023

4.0

for Salary and Benefits

Likes

Interview process Quarterly bonuses Work culture depends on leads and manager

Dislikes

Lots of micromanagement in some teams To much status reporting to leads and managers Weekly feedback from clients No autonomy

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Version 1 Principal Consultant Salary FAQs

What is the salary of Principal Consultant at Version 1?

Principal Consultant salary at Version 1 in India ranges between ₹25.0 Lakhs to ₹40.0 Lakhs for experience between 5 years to 17 years. According to our estimates it is 16% more than the average Principal Consultant Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Version 1 India.

How does the salary of a Principal Consultant at Version 1 India compare with the average salary range for this job?

The average salary of a Principal Consultant at Version 1 is 16% more than the average salary of a Principal Consultant in India. To know exact salary insights, login to view.

Which similar companies are paying more than Version 1 to a Principal Consultant in India?

Syniti Principal Consultant Salary - ₹35.0 Lakhs to ₹93.0 Lakhs per year
SAS Principal Consultant Salary - ₹39.0 Lakhs to ₹54.0 Lakhs per year
TCS Principal Consultant Salary - ₹18.0 Lakhs to ₹60.0 Lakhs per year
Infosys Principal Consultant Salary - ₹15.6 Lakhs to ₹51.0 Lakhs per year
Tech Mahindra Principal Consultant Salary - ₹14.0 Lakhs to ₹55.0 Lakhs per year

What is the salary of a Principal Consultant in companies similar to Version 1 in India?

HCLTech Principal Consultant Salary - ₹21.5 Lakhs to ₹45.0 Lakhs per year
Hexaware Technologies Principal Consultant Salary - ₹20.0 Lakhs to ₹41.5 Lakhs per year
MSG Global Solutions Principal Consultant Salary - ₹21.4 Lakhs to ₹42.7 Lakhs per year
LTIMindtree Principal Consultant Salary - ₹16.0 Lakhs to ₹51.0 Lakhs per year
Wipro Principal Consultant Salary - ₹14.4 Lakhs to ₹43.0 Lakhs per year

What is the estimated take home salary of a Principal Consultant at Version 1 in India?

The estimated take-home salary of a Principal Consultant at Version 1 ranges between ₹1,94,399 per month to ₹2,02,052 per month in India. The take-home salary calculation is based on the average Version 1 Principal Consultant salary in India which ranges between ₹25.0 Lakhs to ₹40.0 Lakhs per year for employees with experience between 5 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Principal Consultant at Version 1?

According to AmbitionBox, 100% of the Version 1 Principal Consultants reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Version 1 Principal Consultant Salaries

Version 1 Principal Consultant salary in India ranges between ₹25 Lakhs to ₹40 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Version 1 latest salaries received from various employees of Version 1.