If you’re considering a career in science, you might be curious about the financial rewards. After all, pursuing a PhD or a BS-MS from a top institution like IISER is no small feat. So, what can you expect in terms of salary? Let’s break it down, including prospects in both India and abroad.
Salary After a BS-MS from IISER:
First, let’s discuss the salary prospects after completing a BS-MS from IISER. Graduates from IISERs often find themselves in well-paying jobs, both in academia and industry.
- Starting Salary in India: On average, BS-MS graduates from IISER can expect a starting salary ranging from ₹7-12 lakhs per annum. But, this can vary based on the field and job location.
- Growth Potential: With experience, these salaries can rise significantly. Many professionals see a steady increase in their earnings as they progress in their careers.
Packages for different roles are given below:
- Data Analyst: INR 5 lakhs per year in India; INR 66.63 lakhs per year abroad.
- Bioinformatician: INR 4.5 lakhs per year in India; INR 25 to 72.4 lakhs per year abroad.
- Lab Chemist: INR 2.5 lakhs per year in India; INR 59 to 62 lakhs per year abroad.
- Lab Technician: INR 2.5 lakhs per year in India; INR 53 to 65 lakhs per year abroad.
Salary After a PhD from IISER:
If you decide to pursue a PhD after your BS-MS, then the financial outlook can be even more promising. PhD holders are in high demand, especially in research-intensive roles. So, the details of the PhD program and the average stipends received in different countries are given below:
- United Kingdom: PhD programs in the UK typically last four years, with an average stipend of 18,662 pounds per year (INR 19.36 lakhs). This is a nice amount as thus much is sufficient to cover living expenses and also allows for a potential savings of 50k to 80k per month.
- Europe: Countries like Denmark offer an average stipend of INR 51.67 lakhs per year, and Norway offers INR 49.75 lakhs annually.
- United States: In the US, PhD students often serve as Teaching Assistants for the first two years, earning stipends ranging from USD 15,000 to 30,000 per year (INR 12.5 to 25 lakhs).
- PhD in India: In India, PhD opportunities at institutions like IISERs, IITs, IISc, TIFR, and NCBS offer stipends between INR 31,000 to 37,000 per month. Qualifying exams like GATE and CSIR can provide an advantage, although many IISER students secure PhD positions without these qualifications. Highly qualified students can secure Prime Minister Research Fellowship and which allows a monthly stipends of INR 70,000 per month.
Post Ph.D., those wishing to continue in academia often undertake postdoctoral research. While the duration for postdoctoral positions varies, it typically lasts from one to two years. Average stipends are given below:
- Abroad: Postdoc stipends range from INR 35 lakhs per month.
- India: Stipends are around INR 57,000 to 74,000 per month. Also, the House Rent Allowance is generally included but the amount varies.
Factors That Influence Salary:
Several factors can influence the salary you receive after completing your studies at IISER:
- Field of Specialisation: Certain fields, like data science or biotechnology, tend to offer higher salaries.
- Job Location: Salaries can vary greatly depending on whether you work in a metropolitan city, a smaller town, or abroad.
- Experience and Skills: The more experience and specialised skills you have, the better your earning potential.
Career Opportunities and Growth:
- Academic Careers: Many IISER graduates and PhD holders continue in academia. They often secure positions as postdoctoral researchers, assistant professors, or even tenured faculty members. While these positions offer stability, they also allow for significant income growth over time.
- Industry Positions: Those who enter the industry may find opportunities in pharmaceuticals, biotechnology, data science, and other high-tech fields. These sectors are known for offering competitive salaries, especially for PhD holders.
- Entrepreneurship: Some graduates use their scientific knowledge to start their own ventures. While this path involves risks, the potential rewards, both financial and intellectual, can be immense.
How To Join IISER?
So, are you convinced that studying at IISER will be fruitful and will earn you good money after graduation? If yes, you must be wondering how to get into IISER. Well, getting into IISER is not that easy. IISER admission is through a competitive exam called the IISER Aptitude Test or IAT. But, with the right preparation, you can crack the IAT. And for the right preparation, you need the best mentor. Where can you find the best mentor? Look no more. SciAstra is here for you. SciAstra offers the best courses for IAT and NEST, and we have hundreds of selections. So, start your preparation today by choosing any of the following courses:
- Vikram 2.0: If you are preparing for IAT or NEST 2025
- Kalam Batch: If you want to prepare for IAT or NEST 2025 and want the complete course in English only
- Homi 2026: If you are preparing for IAT or NEST 2026
To find the details of these courses, click here.
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Conclusion:
In summary, both BS-MS and PhD graduates from IISER have promising salary prospects, whether they choose to work in India or abroad. Whether you enter the workforce after your BS-MS or continue with a PhD, the financial rewards can be great. With dedication and the right opportunities, an IISER degree can lead to a fulfilling and well-paying career.
FAQs:
- What is the average salary after completing a BS-MS from IISER?
Graduates typically earn ₹7-12 lakhs per annum in India, with the potential for significant salary growth as they gain experience.
- What are the salary prospects for PhD holders from IISER?
PhD holders can earn ₹31,000 to ₹37,000 per month in India, while postdoctoral researchers abroad may earn up to INR 35 lakhs annually.
- What factors influence salary after completing a degree from IISER?
Salaries depend on the field of specialisation, job location, and the individual’s experience and skills.
- What career opportunities are available for IISER graduates?
IISER graduates can pursue careers in academia, industry, or entrepreneurship, with opportunities in high-tech fields like biotechnology and data science.
- How can I get admission into IISER?
Admission requires passing the IISER Aptitude Test (IAT), and preparation courses by SciAstra can help a lot.
- Where can I get accurate information about IISER and related exams?
Reliable information is available through SciAstra’s YouTube channel, Instagram, app, and website.
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