Medical Coding Highest Salary In India

Medical Coding Highest Salary In India

Medical coding is a field of work that has been growing rapidly in the past few years. It is not surprising that this is among the highest paying jobs in India.

According to PayScale, medical coding is one of the top paying jobs in the country. The average annual salary for an entry-level coder is $33,000, while an experienced coder can earn $50,000 per year or more.

The demand for medical coders is also on a steady rise. According to the Bureau of Labor Statistics (BLS), employment of medical coders is expected to grow by 30% between 2014 and 2024, which translates into about 20,400 new jobs over this period.

Medical Coding Highest Salary In India

A person working as a Medical Coder in India typically earns around 21,800 INR per month. Salaries range from 11,100 INR (lowest) to 33,500 INR (highest).

This is the average monthly salary including housing, transport, and other benefits. Medical Coder salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Medical Coder Salary Distribution in India
Median and salary distribution monthly India Medical Coder
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The median, the maximum, the minimum, and the range
Salary Range
Medical Coder salaries in India range from 11,100 INR per month (minimum salary) to 33,500 INR per month (maximum salary).

Median Salary
The median salary is 21,300 INR per month, which means that half (50%) of people working as Medical Coder(s) are earning less than 21,300 INR while the other half are earning more than 21,300 INR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Medical Coder(s) are earning less than 14,600 INR while 75% of them are earning more than 14,600 INR. Also from the diagram, 75% of Medical Coder(s) are earning less than 26,900 INR while 25% are earning more than 26,900 INR.

What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

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Medical Coder Salary Comparison by Years of Experience
How does experience and age affect your pay?
Salary comparison by years of experience monthly India Medical Coder
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Medical Coder salaries by experience level and this is what we found.

A Medical Coder with less than two years of experience makes approximately 12,400 INR per month.

While someone with an experience level between two and five years is expected to earn 16,300 INR per month, 31% more than someone with less than two year’s experience.

Moving forward, an experience level between five and ten years lands a salary of 22,800 INR per month, 40% more than someone with two to five years of experience.

“ On average, a person’s salary doubles their starting salary by the time they cross the 10 years* experience mark. ”

  • Based on the average change in salary over time. Salary variations differ from person to person.
    Additionally, Medical Coder(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 27,400 INR per month, 20% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 29,700 INR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 32,100 INR per month, 8% more than people with fifteen to twenty years of experience.

Medical Coder average salary change by experience in India
0 – 2 Years
12,400 INR
2 – 5 Years +31%
16,300 INR
5 – 10 Years +40%
22,800 INR
10 – 15 Years +20%
27,400 INR
15 – 20 Years +9%
29,700 INR
20+ Years +8%
32,100 INR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers
Salary Comparison By Experience Level
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Medical Coder Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Medical Coder(s) who have the same experience but different education levels.
Salary comparison by education level monthly India Medical Coder
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Medical Coder salaries by education level in order to make a comparison.

When the education level is Bachelor’s Degree, the average salary of a Medical Coder is 15,400 INR per month.

While someone with a Master’s Degree gets a salary of 27,200 INR per month, 77% more than someone having a Bachelor’s Degree degree.

Medical Coder average salary difference by education level in India
Bachelor’s Degree
15,400 INR
Master’s Degree +77%
27,200 INR
Percentage increase and decrease are relative to the previous value

Is a Master’s degree or an MBA worth it? Should you pursue higher education?
A Master’s degree program or any post-graduate program in India costs anywhere from 160,000 Indian Rupee(s) to 479,000 Indian Rupee(s) and lasts approximately two years. That is quite an investment.

You can’t really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

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