How much salary an alteryx developer with 2 years of experience and a rank holder in Mtech from Karunya university working in top MNC should be getting as per market standards?

This is a very subjective question.

• Developers in IT companies such as Infosys and TCS can expect a salary in the range of INR 4 – 6 LPA with this work experience.
• Developers in small product companies can expect a salary of INR 5 – 8 LPA.
• Developers in large product companies with a study background from any tier-1 or tier-2 college can expect a salary of around INR 9 – 12 LPA.

Generally, IITs are considered Tier-1 colleges, NITs are considered Tier-2 colleges, and all other private engineering colleges are considered tier-3 colleges. Also, college ranks do not really matter during placements or later in your work life. It is only valuable till your college life.

With the economy getting stagnant due to the pandemic-related slowdowns, opportunities are very limited and the existing roles also have a very limited scope of any major salary hike. So make your expectations accordingly.