Banco Products Electrical Engineer Salaries by 3 Employees

7 - 8 years exp.

₹2.6 Lakhs - ₹6 Lakhs

Low Confidence

Salary of majority employees

At par with the average Electrical Engineer Salary in Auto Components Companies for 7 - 8 years of experience

Interested in this particular role?

Last Updated: 7 Mar 2024

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Electrical Engineer salary at Banco Products ranges between ₹2.6 Lakhs to ₹6 Lakhs per year for employees with experience between 7 years to 8 years. Salary estimates are based on 3 latest salaries received from various employees of Banco Products.

Experience wise Banco Products Electrical Engineer salaries

Last Updated: 7 Mar 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
Login to view exact salary
8 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr

Similar Designation salaries in Banco Products

Executive Engineer Salary

(7 salaries)

₹4.55 L/yr - ₹7 L/yr

Senior Engineer Salary

(32 salaries)

₹3.5 L/yr - ₹8.1 L/yr

Field Engineer Salary

(AmbitionBox Estimate)

₹1.3 L/yr - ₹1.6 L/yr

Shift Engineer Salary

(3 salaries)

₹2.2 L/yr - ₹4 L/yr

Electrical Technician Salary

(4 salaries)

₹1.3 L/yr - ₹3 L/yr

Junior Engineer Salary

(5 salaries)

₹2.5 L/yr - ₹5.5 L/yr

Maintenance Engineer Salary

(5 salaries)

₹2.4 L/yr - ₹4.1 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Electrician Salary

(4 salaries)

₹1.5 L/yr - ₹3.25 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Top skills at Banco Products for Electrical Engineer

Electricals Maintenance Utility Chilling Plant Electrical Engineering Switchgear

Salary related reviews for Banco Products

5.0

Rated by 1 employees for salary & benefits

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

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

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 Electrical Engineer Salary FAQs

How the salary growth look like for a Electrical Engineer at Banco Products in India?

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

Experience	Average Salary Range
7 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
8 years	₹3.8 Lakhs to ₹4.9 Lakhs per year

and so on.

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Banco Products Electrical Engineer Salaries

Banco Products Electrical Engineer salary in India ranges between ₹2.6 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Banco Products latest salaries received from various employees of Banco Products.