Top 10 Highest Paying PSU through GATE: An In-Depth Guide

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Discover the top 10 highest paying PSU jobs accessible through the GATE exam. Explore lucrative career opportunities in public sector companies.

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top 10 paying psus gate

Top 10 Highest Paying PSU through GATE – Public Sector Undertakings (PSUs) play a vital role in India’s economic development and offer lucrative career opportunities to engineering and management graduates.

Many PSUs recruit candidates based on their performance in the Graduate Aptitude Test in Engineering (GATE). Besides job security and the chance to serve the nation, one of the primary attractions of PSU careers is the competitive salary packages they offer.

In this comprehensive guide, we will explore the intricacies of PSUs’ salary structures through GATE, shedding light on the components, factors influencing salaries, real-life examples, benefits, and tips for salary negotiation.

The Significance of PSUs in India

Public Sector Undertakings, commonly known as PSUs, are government-owned corporations or companies.

They play a pivotal role in the Indian economy by contributing significantly to GDP, providing essential services, and generating employment opportunities across various sectors.

PSUs operate in fields such as energy, telecommunications, finance, manufacturing, and more.

GATE: The Gateway to PSU Careers

The Graduate Aptitude Test in Engineering (GATE) is a national-level examination conducted jointly by Indian Institutes of Technology (IITs) and Indian Institute of Science (IISc).

It assesses candidates’ knowledge and understanding of engineering and science subjects and is primarily used for admission to postgraduate programs in prestigious institutions.

However, GATE scores are also a crucial parameter for PSU recruitment.

This article delves into the compensation structures offered by PSUs through the GATE examination.

It aims to provide aspiring PSU employees and GATE aspirants with a comprehensive understanding of the salary packages, benefits, and growth prospects associated with PSU jobs.

We’ll also share real-life examples and tips for salary negotiations.

1. PSUs Recruiting Through GATE 2024

Before delving into the specifics of PSU salaries, it’s essential to know which PSUs recruit through the GATE exam. These PSUs span various sectors, including engineering, management, finance, and more.

The GATE exam can give you access to over 200 PSUs. Some of the highest paying PSUs through GATE include:

PSU Sector Website
BHEL Manufacturing Visit
NTPC Energy Visit
ONGC Oil & Gas Visit
IOCL Oil & Gas Visit
HPCL Oil & Gas Visit
BPCL Oil & Gas Visit
GAIL Energy Visit
DRDO Defense Research Visit
BARC Atomic Energy Visit
ISRO Space Research Visit
BSNL Telecommunications Visit
POWERGRID Power Transmission Visit

Note: This list is not exhaustive, and several other PSUs hire through GATE. It’s essential to check the official websites of PSUs and GATE notifications for the most up-to-date information on recruitment.

2. PSUs Salary through GATE

here’s a comparison table summarizing the salary components for various PSUs through GATE:

PSU Basic Pay (Approx.) Dearness Allowance (DA) House Rent Allowance (HRA) Conveyance Allowance Performance-related Pay (PRP) Gross Salary (Approx.)
BHEL ₹20,600 – 46,500 120% of Basic Pay Varies based on location ₹4,000 per month 30% of Basic Pay ₹70,000 – 75,000
NTPC ₹24,900 – 50,500 120.3% of Basic Pay Varies based on location ₹9,600 per month 10-20% of Basic Pay ₹75,000 – 80,000
ONGC ₹24,900 – 50,500 120.3% of Basic Pay Varies based on location ₹9,600 per month 30% of Basic Pay ₹75,000 – 80,000
IOCL ₹50,000 – 1,60,000 114.6% of Basic Pay Varies based on location ₹5,000 per month 20% of Basic Pay ₹1,00,000 – 1,20,000
HPCL ₹50,000 – 1,60,000 114.6% of Basic Pay Varies based on location ₹5,000 per month 20% of Basic Pay ₹1,00,000 – 1,20,000
BPCL ₹50,000 – 1,60,000 114.6% of Basic Pay Varies based on location ₹5,000 per month 20% of Basic Pay ₹1,00,000 – 1,20,000
GAIL ₹24,900 – 50,500 120.3% of Basic Pay Varies based on location ₹9,600 per month 30% of Basic Pay ₹75,000 – 80,000
DRDO ₹50,000 – 1,60,000 114.6% of Basic Pay Varies based on location ₹5,000 per month 20% of Basic Pay ₹1,00,000 – 1,20,000
BARC ₹50,000 – 1,60,000 114.6% of Basic Pay Varies based on location ₹5,000 per month 20% of Basic Pay ₹1,00,000 – 1,20,000
ISRO ₹50,000 – 1,60,000 114.6% of Basic Pay Varies based on location ₹5,000 per month 20% of Basic Pay ₹1,00,000 – 1,20,000
BSNL ₹16,400 – 40,500 68.8% of Basic Pay Varies based on location ₹30,000 – 35,000
POWERGRID ₹16,400 – 40,500 68.8% of Basic Pay Varies based on location ₹30,000 – 35,000

Please note that these figures are approximate and can vary based on multiple factors including the employee’s location of posting, experience, and specific PSU policies.

Always refer to the official PSU websites for the most up-to-date and accurate salary information.

3. Top 10 PSU Salary Structure

S.No. Logo PSUs Sector Status Salary Range CTC (Approx.) Detailed Information
1. Power Grid Corporation of India Limited (PGCIL) Power Maharatna ₹ 60,000 – 1,80,000 /- ₹ 20,00,000 /- Follow me
2. National Thermal Power Corporation (NTPC) Power Maharatna ₹ 60,000 – 1,80,000 /- ₹ 18,00,000 /- Follow me
3. Oil & Natural Gas Corporation (ONGC) Limited Petroleum & Natural Gas Maharatna ₹ 60,000 – 1,80,000 /- ₹ 16,50,000 /- Follow me
4. Indian Oil Corporation (IOCL) Petroleum & Natural Gas Maharatna ₹ 60,000 – 1,80,000 /- ₹ 16,00,000 /- Follow me
5. Gas Authority of India Ltd. (GAIL) Petroleum & Natural Gas Maharatna ₹ 60,000 – 1,80,000 /- ₹ 16,00,000 /- Follow me
6. Bharat Petroleum Corporation Limited (BPCL) Petroleum & Natural Gas Maharatna ₹ 60,000 – 1,80,000 /- ₹ 16,00,000 /- Follow me
7. Hindustan Petroleum Corporation Limited (HPCL) Petroleum & Natural Gas Maharatna ₹ 60,000 – 1,80,000 /- ₹ 16,00,000 /- Follow me
8. Oil India Limited (OIL) Petroleum & Natural Gas Maharatna ₹ 60,000 – 1,80,000 /- ₹ 15,00,000 /- Follow me
9. Bharat Heavy Electricals Limited (BHEL) Defense Maharatna ₹ 60,000 – 1,80,000 /- ₹ 13,00,000 /- Follow me
10. Steel authority of india (SAIL) Steel & Iron Maharatna ₹ 20,600­ – 46500 /- ₹ 10,00,000 /- Follow me

4. Complete List of PSUs Recruiting Through GATE 2024

NTPC MECL AAI BPC BSPHCL
ONGC EIL BCI HMT MECL
SAIL HAL RCFL ITI DDA
BHEL BSNL NLC NFDC MRPL
IOCL NALCO NFL MECON CRIS
BARC DRDO BPSC THDC BEML
BPCL OIL RVNL NSICL BDST
HPCL NLC MTNL FSNL BPHED
CIL RINL CSL EPI BMRC
GAIL CONCOR ITPO REIL WBSEDCL
POWERGRID NMDC GRSE SECI CVPPPL
POCOSO HPU NPCIL RITES MNRE
NBCC CEL ECIL OMPL PSPCL
MGL HURL BIS HPGCL OPTCL
MDL KIOCL NHAI NHPC

5. CTC of PSU Jobs After GATE

PSU jobs following GATE offer a competitive salary structure, typically spanning from INR 24,900 to INR 1,80,000 per month. Additionally, employees receive various allowances, including Dearness Allowance (DA), House Rent Allowance (HRA), Medical Allowance, and additional perks and benefits.

Refer the table below for an overview of the average CTC in well-known PSUs posts after GATE.

PSU Names Sector Type of PSU CTC (Salary per Annum)
IOCL Petroleum & Natural Gas Maharatna
NTPC Power Maharatna ₹18,00,000/-
ONGC Petroleum & Natural Gas Maharatna ₹16,50,000/-
CIL Mining Maharatna ₹11,00,000/-
SAIL Steel & Iron Maharatna ₹10,00,000/-
BHEL Defense Navratna ₹13,00,000/-
BPCL, HPCL Petroleum & Natural Gas Navratna ₹16,00,000/-
PGCIL Power Navratna ₹20,00,000/-
NALCO Mining Navratna ₹11,00,000/-
CEL Electronics Navratna ₹9,00,000/-
GAIL Petroleum & Natural Gas Navratna ₹16,00,000/-

6. PSU Salary Examples

To provide a better understanding of PSU salaries through GATE, let’s explore a few real-life examples. Please note that these figures are approximate and can vary based on multiple factors, as discussed earlier.

Example 1: Graduate Engineer Trainee (GET) in NTPC

Component Amount (Approx.)
Basic Pay Rs. 24,900 – 50,500
Dearness Allowance (DA) 120.3% of Basic Pay
House Rent Allowance (HRA) Varies based on location
Conveyance Allowance Rs. 9,600 per month
Performance-related Pay (PRP) 10-20% of Basic Pay
Gross Salary (Approx.) Rs. 75,000 – 80,000 per month

Example 2: Management Trainee (MT) in IOCL

Component Amount (Approx.)
Basic Pay Rs. 50,000 – 1,60,000
Dearness Allowance (DA) 114.6% of Basic Pay
House Rent Allowance (HRA) Varies based on location
Conveyance Allowance Rs. 5,000 per month
Performance-related Pay (PRP) 20% of Basic Pay
Gross Salary (Approx.) Rs. 1,00,000 – 1,20,000 per month

These examples provide an overview of the salary structures in NTPC and IOCL for entry-level positions. As employees gain experience and move up the ranks, their salaries increase significantly.

7. Salary Structure in PSUs through GATE

The salary structures in PSUs through GATE are designed to attract and retain top engineering and management talent. These structures include various components that contribute to the overall compensation package. Let’s explore these components in detail:

1. Basic Pay

  • Definition: Basic Pay is the fixed portion of an employee’s salary and forms the foundation of the compensation structure.
  • Significance: It reflects the employee’s grade and position within the organization.
  • Variance: The Basic Pay varies based on the PSU, the employee’s grade, and the location of posting.

2. Dearness Allowance (DA)

  • Definition: Dearness Allowance is an allowance provided to employees to mitigate the impact of inflation.
  • Significance: It ensures that employees’ purchasing power remains intact despite rising prices.
  • Variance: DA rates are revised periodically based on the Consumer Price Index (CPI).

3. House Rent Allowance (HRA)

  • Definition: House Rent Allowance is an allowance provided to employees to cover their rental expenses.
  • Significance: It helps employees manage their accommodation expenses, especially in urban areas.
  • Variance: HRA rates vary based on the city of posting and can range from 8% to 24% of Basic Pay.

4. Conveyance Allowance

  • Definition: Conveyance Allowance is a fixed amount provided to employees to cover commuting expenses.
  • Significance: It helps employees offset their daily travel costs.
  • Variance: Conveyance Allowance is usually a fixed monthly amount.

5. Performance-related Pay (PRP)

  • Definition: Performance-related Pay, also known as Performance Bonus, is a variable component linked to individual and company performance.
  • Significance: It motivates employees to excel in their roles and contributes to higher earnings.
  • Variance: PRP amounts depend on the employee’s performance appraisal and the company’s financial performance.

6. Other Allowances and Perks

  • Definition: PSUs may offer various other allowances and perks such as medical allowances, leave travel allowances, and more.
  • Significance: These allowances enhance the overall compensation package and improve the quality of life for employees.
  • Variance: The availability and extent of these allowances vary from one PSU to another.

8. Factors Influencing PSU Salaries through GATE

Several factors influence the salaries offered by PSUs through GATE. Understanding these factors can help candidates make informed decisions and negotiate better compensation packages:

1. Role and Responsibilities

The nature of the job and the level of responsibility associated with it play a significant role in determining the salary. Specialized technical roles often command higher pay than administrative or support roles.

2. Educational Qualifications and Experience

Candidates with advanced degrees, additional certifications, or relevant work experience may receive higher starting salaries or faster career progression.

3. Location of Posting

Salaries in PSUs are influenced by the cost of living in the city or region where an employee is posted. Employees in metropolitan cities may receive higher HRA.

4. PSU Category and Financial Performance

The category of the PSU (Navratna, Maharatna, or Miniratna) and its financial performance can impact salaries. Maharatna PSUs typically offer more competitive packages.

5. Government Policies and Guidelines

Government policies and guidelines on pay scales and allowances also affect PSU salaries. Changes in these policies can lead to salary revisions.

6. Incentives and Bonuses

Performance-related incentives and bonuses can significantly boost an employee’s annual earnings. Exceptional performance can lead to substantial bonuses.

9. Benefits and Perks in PSUs

In addition to the salary components mentioned earlier, PSUs offer various benefits and perks to their employees. These add to the overall attractiveness of PSU jobs. Here are some common benefits and perks:

1. Retirement Benefits and Pension Schemes

PSUs provide retirement benefits such as Provident Fund (PF), Gratuity, and access to pension schemes. These benefits ensure financial security after retirement.

2. Health Insurance and Medical Facilities

Employees and their families often receive comprehensive health insurance coverage. Many PSUs have tie-ups with reputed hospitals to provide medical facilities.

3. Education and Training Opportunities

PSUs encourage employees to enhance their skills through further education and training programs. They may sponsor employees for postgraduate studies or certifications.

4. Employee Welfare Programs

PSUs invest in employee welfare, offering a range of programs and initiatives to improve work-life balance and well-being. This includes sports and recreation facilities, clubs, and more.

5. Growth Opportunities and Career Progression

A career in PSUs through GATE offers substantial growth opportunities and career progression.

The hierarchical structure typically includes designations like Graduate Engineer Trainee (GET), Management Trainee (MT), Assistant Manager, Deputy Manager, and more. As employees gain experience and expertise, they can move into leadership roles.

10. Salary after GATE in PSU – Postwise

Graduate Aptitude Test in Engineering (GATE) is a national-level examination conducted by the Indian Institutes of Technology (IITs) and Indian Institute of Science (IISc) Bangalore.

It is considered as one of the toughest exams in India and is a gateway for students to pursue postgraduate programmes in engineering, technology, and architecture in reputed colleges and universities in India.

Apart from this, GATE scores are also used by several Public Sector Undertakings (PSUs) for recruitment purposes. In this article, we will discuss the salary after GATE in PSU.

PSUs are government-owned companies that provide goods and services to the public. Several PSUs, such as ONGC, BHEL, NTPC, and IOCL, recruit candidates based on their GATE scores.

The salary structure for PSUs varies depending on the company and the position held by the employee. However, the following is the average salary structure for PSUs after GATE:

  1. Management Trainee: The salary for a management trainee in a PSU can range from Rs. 40,000 to Rs. 50,000 per month. The salary may increase after the completion of the training period.
  2. Junior Engineer: The salary for a junior engineer in a PSU can range from Rs. 25,000 to Rs. 35,000 per month.
  3. Assistant Engineer: The salary for an assistant engineer in a PSU can range from Rs. 30,000 to Rs. 40,000 per month.
  4. Deputy Manager: The salary for a deputy manager in a PSU can range from Rs. 50,000 to Rs. 60,000 per month.
  5. Manager: The salary for a manager in a PSU can range from Rs. 60,000 to Rs. 80,000 per month.

Apart from the basic salary, PSUs offer several benefits to their employees, such as medical insurance, provident fund, gratuity, and other allowances.

The salary structure and benefits offered by PSUs after GATE make it an attractive career option for engineering graduates.

In conclusion, the salary after GATE in PSU varies depending on the position held by the employee and the company. However, the average salary ranges from Rs. 25,000 to Rs. 80,000 per month.

Apart from the salary, PSUs also offer several benefits to their employees, making it an attractive career option for engineering graduates.

11. Top PSUs with highest Salary through GATE

Graduate Aptitude Test in Engineering (GATE) is a national-level examination conducted by the Indian Institutes of Technology (IITs) and Indian Institute of Science (IISc) Bangalore.

It is considered one of the toughest exams in India and is a gateway for students to pursue postgraduate programmes in engineering, technology, and architecture in reputed colleges and universities in India.

Several Public Sector Undertakings (PSUs) recruit candidates based on their GATE scores. In this article, we will discuss which PSU pays the highest salary through GATE.

  1. Oil and Natural Gas Corporation (ONGC)

ONGC is a leading PSU that recruits candidates based on their GATE scores. The company offers a salary package of around Rs. 15 to 20 lakhs per annum to its employees.

The salary may vary depending on the position held by the employee and the department.

  1. Bharat Petroleum Corporation Limited (BPCL)

BPCL is another leading PSU that recruits candidates based on their GATE scores. The company offers a salary package of around Rs. 15 to 20 lakhs per annum to its employees.

The salary may vary depending on the position held by the employee and the department.

  1. Indian Oil Corporation Limited (IOCL)

IOCL is one of the largest PSUs in India and recruits candidates based on their GATE scores. The company offers a salary package of around Rs. 15 to 20 lakhs per annum to its employees.

The salary may vary depending on the position held by the employee and the department.

  1. National Thermal Power Corporation (NTPC)

NTPC is a leading PSU in the power generation sector and recruits candidates based on their GATE scores. The company offers a salary package of around Rs. 10 to 15 lakhs per annum to its employees.

The salary may vary depending on the position held by the employee and the department.

  1. Steel Authority of India Limited (SAIL)

SAIL is a leading PSU in the steel sector and recruits candidates based on their GATE scores. The company offers a salary package of around Rs. 8 to 12 lakhs per annum to its employees.

The salary may vary depending on the position held by the employee and the department.

In conclusion, several PSUs pay high salaries to their employees based on their GATE scores. ONGC, BPCL, IOCL, NTPC, and SAIL are some of the PSUs that offer a high salary package to their employees.

However, the salary may vary depending on the position held by the employee and the department.

12.Conclusion

A career in PSUs through GATE is not only financially rewarding but also offers a sense of job security and the opportunity to contribute to the nation’s development. Understanding the salary structures, benefits, and growth prospects is crucial for aspirants aiming to embark on this career path.

As you prepare for PSU recruitment through GATE, remember to research the specific PSU’s salary scales, evaluate the entire compensation package, and be prepared to negotiate effectively.

With the right approach, you can secure an attractive salary and a fulfilling career in the public sector.

Additional Resources

To further assist you in your journey to PSU recruitment through GATE, here are some additional resources:

Explore these resources to stay updated on PSU job openings, salary information, and career-related insights. Good luck with your PSU recruitment endeavors!

Highest Paying PSU through GATE FAQs

Which PSU offers a good in-hand salary and allowances?

Maharatnas offer a good in-hand salary and allowances like GAIL, ONGC, NTPC, PGCIL, HPCL etc.

What are perks and allowances offered in PSUs after the selection?

Perks and Allowances like dearness allowance, house rent allowance (HRA), leave travel allowance (LTA), city compensation allowance is offered to employees.

Which PSUs recruit through GATE?

Some of the major PSUs which recruit through GATE Score are given below:
National Thermal Power Corporation (NTPC),
Oil and Natural Gas Corporation (ONGC),
Airports Authority of India (AAI),
Hindustan Petroleum Corporation Limited (HPCL),
Bharat Petroleum Corporation Limited (BPCL),
Power Grid Corporation of India (PGCIL).

What are the posts for which PSU recruitment through GATE 2024 for engineers will occur?

The posts for which PSU recruitment through GATE for engineers will occur are:
Graduate Engineer,
Junior Executive,
Management Trainee,
Scientific Assistant,
Junior Manager.

What is the salary of PSUs recruitment through GATE 2024?

The average salary for a fresher varies between Rs. 5 lakh to Rs. 15 lakh per annum for the jobs recruitment through GATE in a PSU.

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