CS professionals are bound to get top salaries in the future for their knowledge in corporate governance, compliance, and strategic management. The following article gives the salary structure of company secretary for new employees and old ones.
The position of a company secretary (CS) is highly regarded. A company secretary carries administrative, legal, compliance, and other responsibilities. The growing requirement of CS professionals because of the unique nature of their jobs elevates the pay structure of the company secretaries.
It should be mentioned that individual performance, ongoing learning, and being current with business scenarios affect CS professionals' earning capacity. For those candidates who want to make a career as a company secretary, this article presents information about the company secretary's salary structure, both for freshers and experienced ones, along with their determinants.
Salary Structure of Company Secretary for Freshers and Experienced
Company secretaries receive compensation that is often proportional to their experience level within the business industry. A company secretary typically gets higher compensation as they gain more experience.
Company secretaries might enjoy a number of non-monetary benefits alongside their compensation, including insurance, leave, and accommodation and travel credits. Following is the section where we have collated the information regarding company secretary salary structure on the basis of various determinants like skillset, experience, location, etc.
Enroll Now for CS CoursesFactors Influencing Company Secretary Salaries
The experience, qualifications, location, firm status, and area of work are just a few of the many variables that might affect a corporate secretary's pay in India. Factors influencing computer science wages are included for reference in the table below.
| Factors Influencing Company Secretary Salaries | ||
| Sr No. | Factors Affecting CS Salary | Details |
| 1. | Experience | Experienced CS professionals earn higher salaries because of their expertise and performance record. |
| 2. | Educational Qualifications | Educational qualifications influence the contributions of a company secretary within an organization. |
| 3. | Company Size and Industry | Companies in high-demand sectors and larger enterprises often offer more competitive salaries. |
| 4. | Geographic Location | The location affects company secretaries’ salaries due to varying living costs and the regional demand in the market. |
| 5. | Skills and Expertise | Higher compensation based on Specialized skills and expertise |
| 6. | Responsibilities and Scope of Work | The roles and responsibilities of a company secretary influence the salary levels. |
| 7. | Market Demand | Salaries are influenced by the availability of qualified professionals and the market demand for professionals |
| 8. | Financial Conditions | Financial conditions of the company can affect salaries |
| 9. | Performance and Contribution | Outstanding performance and significant contributions lead to recognition and rewards |
| 10. | Additional Benefits | Bonuses, incentives, health insurance, and retirement plans may vary, affecting the overall salary package. |
Company Secretary Salaries in India Based on Levels
In India, the company secretary salary structure generally differs according to the level or designation. This means that the compensation is based on the seniority and level of responsibility the CS enjoys. We'll discuss the compensation structure of the company secretaries according to their levels.
| Company Secretary Salaries in India Based on Levels | |
| Level | Average Salary Per Annum |
| Junior Company Secretary | ₹2,60,000 |
| Deputy Company Secretary | ₹6,00,000 |
| Senior Company Secretary | Up to ₹14,60,000 |
CS Salaries in India Based on Experienced
Years of experience in the profession are one of the major contributing factors to the differing range of the salary structure of a company secretary in India. The following table shows how experience is a determining factor for a company secretary's earning capacity in India.
| Company Secretary Salaries in India Based on Experience | |
| Experience | Average Salary Per Annum |
| Less than 1 year | ₹2.5 Lakhs |
| 2 – 3 years | ₹4.7 Lakhs |
| 5 – 6 years | ₹6.6 Lakhs |
| 7- 8 years | ₹8.4 Lakhs |
| 10 – 11 years | ₹10.3 Lakhs |
| 12 – 13 years | ₹11.2 Lakhs |
Location-wise salary of Company Secretary in India
In India, corporate secretaries receive different salaries depending on where they work. To offset the greater cost of living, businesses in big cities usually pay more. The average compensation packages for new and seasoned business secretaries in a few major Indian cities are displayed in the table below.
| Company Secretary Salaries in India Based on Location | |
| Location (India) | Average Annual Salary (INR) |
| Mumbai | ₹9,00,000 – ₹14,00,000 |
| New Delhi | ₹3,00,000 – ₹9,00,000 |
| Chennai | ₹3,50,000 – ₹12,00,000 |
| Bangalore | ₹2,00,000 – ₹12,00,000 |
| Hyderabad | ₹400,000 – ₹12,00,000 |
Country-based Salary of Company Secretary
Company secretary remunerations vary widely across countries owing to domestic trends, living costs, demand in the market, and economic conditions. The following table presents an approximate overview of these compensation levels compared to CS compensation packages in India.
| Company Secretary Salaries Based on Country | |
| Country | Average Annual Salary |
| India | ₹6,00,000 |
| United States | $100,000 |
| United Kingdom | £50,000 |
| Australia | AUD$90,000 |
| Canada | CAD$80,000 |
| Singapore | S$100,000 |
| United Arab Emirates | AED100,000 |
Allowance and Peraks of Company Secretary Salary in India
Company secretaries are provided with various kinds of allowances and benefits as part of the compensation packages. This varies company by company, but generally, the allowances provided to the company secretaries are as follows:
Incentives and Bonuses: Depending on their seniority and performance level, company secretaries could be entitled to rewards and incentives.
Health Insurance: Most firms compensate company secretaries and their families' medical expenses.
Retirement Plans: With contributions from the employer and the employee, these plans allow company secretaries to save for the future post-retirement.
Transportation Allowance: Allowance given by the company to company secretaries for day-to-day commuter expenses.
Professional Development: To enhance the skills and knowledge of company secretaries, organizations usually offer facilities for professional development in the form of conferences, workshops, and training.
Relocation Assistance: Company Secretaries can be entitled to financial assistance during relocation to another place.
We hope that this article presents a complete overview of the pay scale of company secretaries both in India and internationally, including the determinants of the compensation package. Having trouble studying for the CS exam? Make your career aspirations a reality with us.
