India’s IT Professionals More Valuable Than Wall Street Investment BankersMarch 14, 2011 11:25 am
Here is some stats, purely from a relative per capita perspective:
Indian IT industry makes revenues of 76 Billion on an employee base of 2.54 Million.
So industry per capita revenue: USD 29921.
Per Capita of average Indian: 1134 USD.
So the average IT professional, in per capita terms, provides 26 times more output in dollar terms than the average Indian.
But Wall Street Investment Bankers make a total revenue contribution of 20.58 Billion USDs, with an employee base of 162,200. So that is a per capita contribution of 123456 USDs. But US Per capita income is 45989 USDs.
So the average Investment Banker on Wall Street, in per capita terms, provides just 2.6 times more output in dollar terms than the average American.
That is quite a difference.