A community of 30,000 US Transcriptionist serving Medical Transcription Industry
What the Indians earn - old and burned out
Posted: Mar 25, 2013
I've been looking at exchange rates as well as information on salaries for MTs in India trying to figure out what they are earning. As best I can tell, a rupee is worth about 2 cents. If my math is correct, a starting MT is earing about $160/month. I cannot find any information as to their line rate. If anyone has better math skills (and it would not be difficult) please correct me. At that rate, you can see why they want all the work to go to India. Even their cost of living is not that low.
How do you know what they make? - or what their starting pay is?
[ In Reply To ..]And how do you know what their cost of living is?
Google - old and burned out
[ In Reply To ..]There is a lot of information available but some of it is a little hard to figure out.
Apples and oranges - Anon
[ In Reply To ..]The cost of living in India is waaaay less than in the US.
Yes but not low enough - old and burned out
[ In Reply To ..]to make $160/month a living wage - if that is what they are really earning.
they make more than 160 a month - dont know where that came from
[ In Reply To ..]Come on people, $40 a week???
It came from the calculations that old and burned out very correctly made. - sm
[ In Reply To ..]And the Indian author of this article mentions several times around 10K to 20K (max) per month. 10,000 rupees equals $184 U.S. dollars currently.
http://mtherald.com/awful-future-prospects-for-medical-transcription-career-in-india
Here's a rundown of the cost of living in India. About 62% less than here for consumer prices in general (but wow, look at the cost of Western clothes, no break there). But the average Indian MT is obviously making considerably less than that compared to the average U.S. MT (about 80-90% less?), especially since they don't produce as many lines on average that we do.
India pay - outahere
[ In Reply To ..]I saw the India ad online and you are correct. They pay them between $150 and $200 for MTs, $400 for TSM. Disgusting. Here's another one for you, StenTel is "offering" 2 cents for SR and 5 cents for TR to US MTs. Gutsy if nothing else. That isn't even worth pushing the power button let alone your time.
So from what I can figure.. - SM
[ In Reply To ..]From what I found on the internet:
Salaries And Financing:
Median Monthly Disposable Salary (After Tax) 3,164.00 (US) 461.25 $ (India)
I dont know about you, but I am nowhere close to what they are considering "median US monthly salary." So, putting that into perspective, 150-200 dollars plus all the benefits... sounds like they are doing a bit better than us.
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