How much a CS can earn?
CS or Company secretary is a reputed course which proffers a bright career for all the students. A company secretary is a person who helps companies and organizations on legal matters of a firm. It is a high-profile position that is responsible for taxations, board advising, etc. in an organization. A company secretary as a career is a great choice. Before choosing it as a profession it is common to ask what is the company secretary salary in India? Today we will discuss and help you understand all the factors that affect the company secretary salary in India.
The salary trend for CS profile also varies according to the entry-level, mediate, and experienced levels. The skills also determine the company secretary’s salary in India. The firm or the company’s reputation and size also determine the salary ranges. Company secretary as a career in a reputed and well-established firm will be a fruitful chance but newly established firms provide more challenges and opportunities to use your knowledge practically.
Company secretary salary in India as a fresher
Initially, the company secretary’s salary in India ranges from Rs. 2,00,000 to Rs. 8,00,000. The monthly salary can be estimated as Rs. 28,000 to Rs. 60,000 This is affected by various other factors. Skills play a major role in the salary range. If you have an impressive personality with good work skills then there are high chances that you will impress the employers and negotiate a good package. Company secretary as a career requires a learning attitude and strong organizational skills.
For determining your starting salary, the location also plays a very important role. Companies which are situated in big cities offer higher salaries compared to less developed cities.
Company secretary salary in India as a mediate
The company secretary salary in India with mediate level ranges from Rs. 2,50,000 to Rs. 7,70,000. The starting package of the candidate determines the later increments as well. According to various levels of experience, the salary package of a CS is increased. The experience and salary are directly proportional to each other.
A company secretary as a career is very satisfying in terms of work and earnings after gaining a few years of experience. If you have experience of 4 to 5 years then your salary can range around Rs. 2,50,000 to Rs. 7,50,000 on average. With the experience of 5 to 9 years, the salary ranges around Rs. 3,50,000 to Rs. 9,00,000. Metro cities offer higher salary but the cost of living is also higher in those locations. The company secretary salary in India is considered according to the skills and potential of the candidate as well.
Company secretary salary of a highly experienced candidate
The company secretary salary In India is quite high for an experienced candidate. If the candidate has an experience level of around 8 to 15 years then, the salary negotiations can go as high as Rs. 10,00,000 to Rs.14,00,000 but as mentioned above the reputation and size of the firm along with the location play a very important role in determining the salary of the candidate. The candidates with experience of more than 20 years can earn as high as Rs. 15,00,000 to Rs. 24,00,000 per year. The candidate with higher experience is seen as a more valuable asset for a company that’s why the companies offer more salary for them. The company secretary as a career is a good choice if you are interested in law and economy.
Other benefits for a CS
CS also gets other benefits from the company. Under the Company Act, the company secretary gets other key responsibilities as well like filling returns, change in share of the capital of companies, keeping legal documents safe, etc.
Choosing a Company secretary as a career also entrusts other responsibilities like the smooth running of an organization. For his or her duties, he or she also gets other advantages like;
- Medical insurance
- Stock options
- Paid sick leaves
- Company pension plan
- Life insurance
Though these kinds of extra facilities can vary according to the company’s personal and internal policies as well.
Choosing a company secretary as a career is satisfying as well as thrilling in many ways. You will need to handle various matters related to the law and order of the country. The payout of the company secretary is also satisfying when you gain enough experience.
The company secretary’s salary in India goes up with the experience and the skills of the candidate. In today’s world of competition, the candidate should focus on developing his or her skills through various courses and try to explore their full potential. The company secretary salary in India starts with an average amount but this amount can get higher if applied to international firms and organizations.