Banco Products Associate Trainee Salaries by 10 Employees

0 - 2 years exp.

₹1.3 Lakh - ₹1.7 Lakh

Salary of majority employees

48% less than the average Associate Trainee Salary in Auto Components Companies for 0 - 2 years of experience

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Last Updated: 2 Mar 2024

Companies similar to Banco Products for Associate Trainee

Company name	Avg Annual Salary	Open Jobs
TVS Sundram Fasteners Associate Trainee Salary 1 - 6 years exp. (3 salaries)	₹1.8 L/yr - ₹2.2 L/yr 51% more
Automotive Stampings and Assemblies Associate Trainee Salary 0 - 3 years exp. (5 salaries)	₹1.5 L/yr - ₹2 L/yr 20% more
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Fiem Industries Associate Trainee Salary 1 - 3 years exp. (4 salaries)	₹1.9 L/yr - ₹2 L/yr 41% more
Talbros Associate Trainee Salary 2 - 4 years exp. (4 salaries)	₹2 L/yr - ₹2.2 L/yr 54% more
LTIMindtree Associate Trainee Salary 1 - 3 years exp. (180 salaries)	₹2 L/yr - ₹4.6 L/yr 120% more

Associate Trainee salary at Banco Products ranges between ₹1.3 Lakh to ₹1.7 Lakh per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 10 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Associate Trainee salaries

Last Updated: 2 Mar 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹1.4 L/yr - ₹1.5 L/yr
1 year (3 salaries)	₹1.3 L/yr - ₹1.5 L/yr
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2 years (4 salaries)	₹0.5 L/yr - ₹1.7 L/yr

Similar Designation salaries in Banco Products

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₹14.4 L/yr - ₹18.4 L/yr

Senior Engineer Salary

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₹3.5 L/yr - ₹8.1 L/yr

Team Lead Salary

(3 salaries)

₹1.8 L/yr - ₹12 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Software Developer Salary

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₹15.3 L/yr - ₹19.5 L/yr

Salary related reviews for Banco Products

4.3

Rated by 4 employees for salary & benefits

Middle Manager in Vadodara

Full Time

Research & Development Department

1.0

• posted on 12 Aug 2024

2.0

for Salary and Benefits

Likes

Nothing, it's very much akin to working under a marwadi. They pay you some salary in return they think that they own your entire personal life.

Dislikes

...to do manpower reduction every year (it has nothing to do with your performance. If your salary falls in their cutoff limit then you're gone), and does it so.

Salary - Poor

+6 more

Maintenance Engineer in Vadodara

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 27 Jul 2020

1.0

for Salary and Benefits

Likes

most irritated part was job security,salary and culture is bit abusive . Dept Seniors are cooperative and very supportive specially HOD has caring nature and good attitude towards engineers. Pro and cons are detailed - Pros- vast opportunity for learners as there are plenty of good machines, equipment and technology. Work-life balance, canteen facility, Cons- job security and growth are major issue in company, workmans are abusive, high work load, no team work. No transport facility.

Skill development - Excellent

+1 more

Dislikes

Salary - Bad
Job security - Bad

+2 more

Regional Manager in Gurgaon / Gurugram

Part Time

Marketing & Communication Department

4.0

• posted on 21 Sep 2023

4.0

for Salary and Benefits

Likes

It is the oldest company and their USP is , to change according to market conditions and the results grabbed the major OEMs business by way of reforming internally.

Salary - Good

+6 more

Dislikes

Pay Less and people frequently jump to other company .

Purchase/Vendor Development Manager in Vadodara

Procurement & Supply Chain Department

3.0

• posted on 16 Apr 2021

1.0

for Salary and Benefits

Likes

On time Salary & Good market reputation in Automotive industry.

Job security - Good

Dislikes

Here, there is no system at all. All the things is on paper only. Even HR is also involved in politics. Worse Management & No work life balance.

Salary - Bad

+5 more

Accounts Officer

Finance & Accounting Department

4.0

• posted on 31 Jan 2019

4.0

for Salary and Benefits

Likes

Good organisation happy to work with good and experienced people very much helping nature and chance to learn much knowledge... Finally happy to work with Banco Products

Salary - Good

+6 more

Dislikes

Compensation is decent, but growth is slow

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Banco Products Associate Trainee Salary FAQs

What is the salary of Associate Trainee at Banco Products ?

The average salary of a Associate Trainee at Banco Products in India typically ranges from ₹1.3 Lakhs to ₹1.7 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Associate Trainee at Banco Products earn more than ₹1.6 Lakhs per year, and the top 1% earn over ₹1.7 Lakhs per year. Associate Trainee Salaries at Banco Products can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10 Banco Products employees in India.

What is the estimated take home salary of a Associate Trainee at Banco Products in India?

The estimated take-home salary of a Associate Trainee at Banco Products in India typically ranges from ₹9,079 to ₹10,080 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹1.7 Lakhs per year for employees with experience ranging from Fresher to 2 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10 salaries received from various employees of Banco Products. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Banco Products for Associate Trainee in India?

LTIMindtree	₹2.0 Lakhs to ₹4.6 Lakhs per year
Talbros	₹2.0 Lakhs to ₹2.2 Lakhs per year
TVS Sundram Fasteners	₹1.8 Lakhs to ₹2.2 Lakhs per year
Fiem Industries	₹1.9 Lakhs to ₹2.0 Lakhs per year
Automotive Stampings and Assemblies	₹1.5 Lakhs to ₹2.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Banco Products, depending on the role and experience level.

How the salary growth look like for a Associate Trainee at Banco Products in India?

The salary growth for a Associate Trainee at Banco Products depends on factors such as experience, performance, and promotions. On average, a Associate Trainee can expect the following growth trajectory at Banco Products:

Experience	Average Salary Range
Fresher	₹1.4 Lakhs to ₹1.5 Lakhs per year
1 year	₹1.3 Lakhs to ₹1.5 Lakhs per year
2 years	₹0.5 Lakhs to ₹1.7 Lakhs per year

and so on.

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Banco Products Associate Trainee Salaries

Banco Products Associate Trainee salary in India ranges between ₹1.3 Lakh to ₹1.7 Lakh with an average annual salary of ₹. Salary estimates are based on 10 Banco Products latest salaries received from various employees of Banco Products.