Average Policy Change Director Salary in Rajasthan, India for 2024

In this article, we will look at the average Policy Change Director salary for 2024 in Rajasthan and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Indian rupee. To keep things simple, we are using the INR currency code instead of the currency symbol โ‚น.

How Much Does a Policy Change Director Make in Rajasthan?

A Policy Change Director working in Rajasthan will typically earn around 664,500 INR per year, and this can range from the lowest average salary of about 344,600 INR to the highest average salary of 1,014,700 INR.

Average Annual Salary
664,500 INR
Average Monthly Salary
55,375 INR

Lowest Annual Salary
344,600 INR
Lowest Monthly Salary
28,716 INR

Highest Annual Salary
1,014,700 INR
Highest Monthly Salary
84,558 INR

These are average salaries for a Policy Change Director in Rajasthan and include benefits such as housing and transport. It's also possible for a Policy Change Director to earn more or less than the average salaries shown above.

Policy Change Director salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Policy Change Director Salaries in Rajasthan

So we've looked at the average salaries a Policy Change Director will earn in Rajasthan. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Policy Change Director can earn between 344,600 INR and 1,014,700 INR on average in Rajasthan. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Policy Change Director in Rajasthan is 638,700 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 638,700 INR, and 50% of the population earn more than 638,700 INR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Policy Change Director salary in Rajasthan, 25% of the population are earning less than 442,300 INR while 75% of the population earn more than 442,300 INR.

75% of the population earn less than 792,900 INR, and 25% of the population earn more than 792,900 INR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Policy Change Director Salary by Experience Level in Rajasthan

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average policy change director salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Policy Change Director in Rajasthan that has less than two years of experience can expect to earn somewhere in the region of 392,300 INR.
  • 2 - 5 Years Experience. With two to five years of experience the average Policy Change Director salary would increase to 525,700 INR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Policy Change Director, the average salary would be 684,900 INR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 828,400 INR.
  • 15 - 20 Years Experience. A Policy Change Director with 15 to 20 years of experience can earn an average of 906,500 INR.
  • 20+ Years Experience. For a Policy Change Director with more than 20 years, the expected average salary increases to 953,200 INR.

Average Salary by Experience Chart

0-2 Years
392,300 INR
2-5 Years +34%
525,700 INR
5-10 Years +30%
684,900 INR
10-15 Years +21%
828,400 INR
15-20 Years +9%
906,500 INR
20+ Years +5%
953,200 INR

Policy Change Director Salary by Education Level in Rajasthan

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Policy Change Director in Rajasthan based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Policy Change Director in Rajasthan with a bachelor's degree education can earn an average salary of 553,800 INR.

  • Master's Degree. A Policy Change Director in Rajasthan with a master's degree education can earn an average salary of 767,500 INR.

Average Salary by Education Chart

Bachelor's Degree
553,800 INR
Master's Degree +39%
767,500 INR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in India is around 160,000 to 479,000 INR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Policy Change Director Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Rajasthan, a male policy change director will earn an average of 629,800 INR, while a female policy change director will earn around 548,500 INR.

This means that a male policy change director earns approximately 15% more than a female policy change director for performing the same job.

Average Salary by Gender Chart in Rajasthan

Male
629,800 INR
Female -15%
548,500 INR

Policy Change Director Average Pay Raise in Rajasthan

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Policy Change Director in Rajasthan is around 13% every 18 months.

The national average pay raise across all professions and industries in India is around 9% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 13 ÷ 18 ) × 12  = 9%

What this means is that a Policy Change Director in Rajasthan can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Rajasthan for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in India.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Policy Change Director Bonus and Incentive Rates in Rajasthan

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Policy Change Director is a moderate bonus based job, with 54% of employees reporting at least one bonus in the last 12 months.

46% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
54%
No Bonus
46%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in India earn approximately 6% more than private sector employees in the same role.

Public Sector
392,300 INR
Private Sector -6%
371,100 INR

Salaries for Jobs Similar to a Policy Change Director

In the table below, we have salary information for jobs that are similar to a Policy Change Director in Rajasthan.

Job Title Category Salary
Actuarial Analyst Insurance 514,300 INR
Actuarial Assistant Insurance 362,200 INR
Actuarial Specialist Insurance 366,200 INR
Actuary Insurance 514,300 INR
Adjustment Insurance Clerk Insurance 143,200 INR
Assistant Broker Insurance 240,500 INR
Assistant Claims Manager Insurance 414,000 INR
Associate Insurance Representative Insurance 197,600 INR
Auditing Insurance Manager Insurance 568,500 INR
Broker Insurance 384,500 INR
Claim Advocacy Professional Insurance 384,500 INR
Claims Adjuster Insurance 143,200 INR
Claims Analyst Insurance 197,600 INR
Claims Examiner Insurance 197,600 INR
Claims Manager Insurance 539,700 INR
Claims Processor Insurance 143,200 INR
Claims Representative Insurance 172,200 INR
Claims Resolution Specialist Insurance 414,000 INR
Claims Supervisor Insurance 381,800 INR
Complaints Specialist Insurance 351,900 INR
Compliance Examiner Insurance 362,200 INR
Compliance Officer Insurance 309,800 INR
Compliance Reviewer Insurance 357,300 INR
Consultant Insurance 381,800 INR
Eligibility Interviewer Insurance 407,300 INR
Eligibility Specialist Insurance 384,500 INR
Insurance Account Manager Insurance 471,700 INR
Insurance Accounts Executive Insurance 414,000 INR
Insurance Adjuster Insurance 357,300 INR
Insurance Agent Insurance 227,600 INR
Insurance Analyst Insurance 376,800 INR
Insurance Appraiser Insurance 384,500 INR
Insurance Claims Clerk Insurance 143,200 INR
Insurance Examiner Insurance 351,900 INR
Insurance Investigator Insurance 362,200 INR
Insurance Manager Insurance 684,900 INR
Insurance Operations Manager Insurance 656,800 INR
Insurance Policy Processing Clerk Insurance 143,200 INR
Insurance Pricing Assistant Insurance 301,600 INR
Insurance Program Manager Insurance 502,200 INR
Insurance Project Manager Insurance 485,300 INR
Insurance Quality Assurance Agent Insurance 330,900 INR
Insurance Sales Agent Insurance 227,600 INR
Insurance Sales Director Insurance 628,000 INR
Insurance Sales Manager Insurance 498,000 INR
Insurance Sales Representative Insurance 197,600 INR
Insurance Team Leader Insurance 403,100 INR
Insurance Underwriter Insurance 283,700 INR
Loss Control Specialist Insurance 369,300 INR
Loss Prevention Investigator Insurance 397,900 INR
Loss Prevention Manager Insurance 558,300 INR
Loss Prevention Specialist Insurance 407,300 INR
Marine Underwriter Insurance 283,700 INR
Medical Auditor Insurance 403,100 INR
Monitoring and Performance Officer Insurance 272,800 INR
Payment Services Specialist Insurance 384,500 INR
Policy Change Supervisor Insurance 414,000 INR
Policy Change Technician Insurance 185,100 INR
Risk Analyst Insurance 428,400 INR
Risk Management Director Insurance 743,300 INR
Risk Management Supervisor Insurance 478,000 INR
Risk Manager Insurance 714,600 INR
Risk Modeling Manager Insurance 714,600 INR
Title Insurance Typist Insurance 327,800 INR
Training Manager Insurance 420,800 INR

Salary Comparison by City

If you want to compare salaries with different cities in India, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
agra 572,200 INR
Ahmadabad 633,300 INR
Bangalore 674,100 INR
Bhopal 592,200 INR
Chennai 688,900 INR
Coimbatore 592,600 INR
Delhi 687,100 INR
Ghaziabad 585,900 INR
Hyderabad 660,500 INR
Indore 615,300 INR
Jaipur 656,800 INR
Kanpur 618,800 INR
Kolkata 669,100 INR
Lucknow 605,700 INR
Ludhiana 551,200 INR
Madurai 535,900 INR
Mumbai 658,300 INR
Nagpur 612,500 INR
Patna 578,500 INR
Pimpri-Chinchwad 580,600 INR
Pune 656,800 INR
Surat 663,200 INR
Vadodara 555,800 INR
Visakhapatnam 566,900 INR

Salary Comparison by State

The table below includes links to the average salary for each state in India.

City Average Salary
Andaman & Nicobar Islands 518,300 INR
Andhra Pradesh 648,200 INR
Arunachal Pradesh 583,000 INR
Assam 650,800 INR
Bihar 704,300 INR
Chandigarh 562,600 INR
Chhatisgarh 642,800 INR
Dadra & Nagar Haveli 519,300 INR
Daman & Diu 491,000 INR
Delhi 629,800 INR
Goa 555,800 INR
Gujarat 652,200 INR
Haryana 643,400 INR
Himachal Pradesh 597,800 INR
Jammu & Kashmir 592,200 INR
Jharkhand 688,900 INR
Karnataka 695,200 INR
Kerala 643,400 INR
Lakshadweep 485,300 INR
Madhya Pradesh 721,600 INR
Maharashtra 712,100 INR
Manipur 563,000 INR
Meghalaya 595,300 INR
Mizoram 548,500 INR
Nagaland 555,800 INR
Orissa 695,400 INR
Pondicherry 559,000 INR
Punjab 629,800 INR
Sikkim 545,300 INR
Tamil Nadu 687,100 INR
Tripura 566,900 INR
Uttar Pradesh 732,400 INR
Uttaranchal 623,200 INR
West Bengal 691,200 INR

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