A lot of misconception here. They thought freshgrad salary is high because there is no differentiation between experienced employee and freshgrad. The fact is salary increased across the board in this sector. But tech sector caused a lot of confusion because there is huge differences between engineering and merely maintenance so called “IT”. The maintenance IT team typically ran by Project Manager whose job is to reduce cost as much as possible using little money to make the system barely run as well. The features is also developed by the PM. PM with very little product experience is a recipe for disaster. Hence, you often see inhouse product with 1990s feel to it with laggy system and 50% workable. The more advanced the tech in the organization, typically there will be less PM involved. Even within organisation, some team are more advanced than others. There wont be any PM involved at all for strategic projects like ML.