IT consulting could be your key to a million dollar salary job now. Infosys, which recently hired consultants from big-ticket consulting organisations after its high-profile foray into IT consulting, is paying its topshots in the business a whopping salary of $1m.

Onsite salaries at Infosys are higher than the industry. The average cost to the company for a US-posted employee is $71,000 compared to $55,000-65,000 for the industry there.

Infosys has recently hired experts in consulting business from rival firms like Deloitte Consulting, EDS and Cap Gemini Ernst & Young to head the business and compete with the top IT consulting firms like EDS, Accenture and Deloitte Consulting.

Stephen Pratt, MD and CEO of Infosys Consulting, came with 12 years of experience with Deloitte Consulting. Other three founders and MDs of the firm are: Paul Cole, former leader of global operations at CapGemini Ernst &Young; Raj Joshi, former CEO of Deloitte Offshore; and Romil Bahl, former leader of EDS? 5,000-person consulting practice. Each of the seven top level consultants hired by Infosys are being paid $1m salary.

?The consulting team approached Infosys with a business plan rather than the other way round, and this itself has created waves amongst clients. Infosys evaluated the proposal for many months before deciding on the Infosys Consulting foray,? confirmed Infosys COO, Kris Gopalakrishnan, at a meeting with analysts.

Mr Gopalakrishnan said there were well defined deliverables as part of their contract, and since average billing rates in consulting are higher, these salaries could be justified. Infosys was lucky to get people from most high profile consulting organisations.

?The latest person to join was earlier the retail practice head from IBM Global Services. This should translate into high level relationships and significant flow through business,? he said.

Infosys had set up a separate consulting arm, Infosys Consulting Inc, to project itself a serious player in the consulting business and attract a premium and also create local jobs in the US and help counter the anti-outsourcing tirade.

from:
http://economictimes.indiatimes.com/articleshow/822319.cms