May 16, 2023
By: Rounak JainAverage stipends have risen by 2 percent in FY22 to ₹11,600 per month, compared with ₹11,400 in FY21, according to TeamLease.
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Stipend is remuneration paid for services rendered by people undergoing training.
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Between 2020 and 2022, stipends in agriculture, BFSI, and travel industries grew at a faster pace than salaries. Stipends grew between 11 to 21 percent, while salaries grew between 2 to 8 percent.
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In FY22, technical support engineers received the highest stipend at ₹16,500 per month, followed by agricultural sales officers at ₹15,200 and agricultural field officers at ₹15,100 per month.
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Chennai at ₹13,100 per month, Kochi at ₹13,000, Bengaluru and Coimbatore at ₹12,900, and Pune at ₹12,400 are the cities with the highest stipends.
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Textiles topped the charts with a 22 percent rise in stipends, followed by media and entertainment with an 18 percent rise in 2022 when compared with 2021.
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Candidates with a diploma received the highest average stipend in FY22 at ₹12,200 per month, followed by graduates at ₹12,100, post graduates at ₹11,800 and industrial trainees at ₹11,500. Those who passed higher secondary school earned ₹11,000 per month.
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The average stipend in the BFSI industry is ₹12,600, IT is ₹11,700, engineering is ₹12,000, and auto is ₹12,500 per month.
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Human resources, retail sales, and agricultural field officer job roles saw the highest stipend growth at 8 percent, 7 percent and 6 percent, respectively.
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