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Banco Products Engineer Trainee salaries in Vadodara

Annual salary range
0 - 4 years exp.
₹1.3 Lakh - ₹2.2 Lakhs
Salary of majority employees
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49% less than the average Engineer Trainee Salary in Auto Components Companies for 0 - 4 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering
Engineer Trainee Salary
0 - 3 years exp. (4 salaries)
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₹1.3 L/yr - ₹1.4 L/yr

Quality Assurance
Engineer Trainee Salary
2 - 4 years exp. (3 salaries)
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₹1.5 L/yr - ₹2.2 L/yr

Last Updated: 29 Apr 2024

Companies similar to Banco Products for Engineer Trainee in Vadodara

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Banco Products Engineer Trainee Salary

0 - 4 years exp. (7 salaries)

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₹1.3 L/yr - ₹2.2 L/yr

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Company name Avg Annual Salary Open Jobs
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₹1.6 L/yr - ₹4 L/yr

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₹1.2 L/yr - ₹2.5 L/yr

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₹2.2 L/yr - ₹6 L/yr

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Schaeffler India Engineer Trainee Salary

0 - 3 years exp. (6 salaries)

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₹1.6 L/yr - ₹2 L/yr

arrow icon 36% more
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SEW Eurodrive india Engineer Trainee Salary

0 - 3 years exp. (6 salaries)

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₹1.9 L/yr - ₹2.9 L/yr

arrow icon 63% more
Engineer Trainee salary at Banco Products ranges between ₹1.3 Lakh to ₹2.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 7 latest salaries received from various employees of Banco Products.

Latest annual salaries shared by Banco Products Engineer Trainee in Vadodara

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Experience wise Banco Products Engineer Trainee salaries in Vadodara

Last Updated: 29 Apr 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.3 L/yr - ₹2.5 L/yr
1 year (AmbitionBox Estimate)

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₹1.3 L/yr - ₹1.6 L/yr
2 years  (3 salaries)

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₹1.3 L/yr - ₹1.5 L/yr
3 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹1.9 L/yr
4 years (AmbitionBox Estimate)

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₹0.6 L/yr - ₹2.2 L/yr

Similar Designation salaries in Banco Products

Senior Engineer Salary
(27 salaries)
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₹3.5 L/yr - ₹8.1 L/yr
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₹1.2 L/yr - ₹3.2 L/yr
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₹3 L/yr - ₹4.5 L/yr
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₹4.55 L/yr - ₹7 L/yr
Trainee Salary
(5 salaries)
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₹1.8 L/yr - ₹2.15 L/yr
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₹2.4 L/yr - ₹4.1 L/yr
Shift Engineer Salary
(3 salaries)
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₹2.3 L/yr - ₹4 L/yr

Salary related reviews for Banco Products

2.0

Rated by 1 employees for salary & benefits

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.

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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.

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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.

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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.

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Dislikes

Pay Less and people frequently jump to other company .

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.

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.

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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

read more

Dislikes

Compensation is decent, but growth is slow

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Banco Products Engineer Trainee Salary FAQs

What is the salary of Engineer Trainee at Banco Products Vadodara?
Engineer Trainee salary at Banco Products in Vadodara ranges between ₹1.3 Lakhs to ₹2.2 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 49% less than the average Engineer Trainee Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Banco Products Vadodara.
How does the salary of a Engineer Trainee at Banco Products Vadodara compare with the average salary range for this job?
The average salary of a Engineer Trainee at Banco Products is 49% less than the average salary of a Engineer Trainee in Vadodara. To know exact salary insights, login to view.
Which similar companies are paying more than Banco Products to a Engineer Trainee in Vadodara?
  • Larsen & Toubro Limited Engineer Trainee Salary - ₹2.2 Lakhs to ₹6.0 Lakhs per year
  • Electrical Research & Development Association Engineer Trainee Salary - ₹1.6 Lakhs to ₹4.0 Lakhs per year
  • SEW Eurodrive india Engineer Trainee Salary - ₹1.9 Lakhs to ₹2.9 Lakhs per year
  • Sun Pharmaceutical Industries Engineer Trainee Salary - ₹1.2 Lakhs to ₹2.5 Lakhs per year
  • Schaeffler India Engineer Trainee Salary - ₹1.6 Lakhs to ₹2.0 Lakhs per year
What is the estimated take home salary of a Engineer Trainee at Banco Products in Vadodara?
The estimated take-home salary of a Engineer Trainee at Banco Products ranges between ₹9,775 per month to ₹10,836 per month in Vadodara. The take-home salary calculation is based on the average Banco Products Engineer Trainee salary in India which ranges between ₹1.3 Lakhs to ₹2.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?
What is the notice period for Engineer Trainee at Banco Products in Vadodara?
According to AmbitionBox, 100% of the Banco Products Engineer Trainees in Vadodara reported a notice period of 15 days or less.This is based on 4 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Banco Products Engineer Trainee salary in Vadodara ranges between ₹1.3 Lakh to ₹2.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Banco Products latest salaries received from various employees of Banco Products.