Festo Product Engineer Salaries by 4 Employees

7 - 11 years exp.

₹7.2 Lakhs - ₹7.6 Lakhs

Low Confidence

Salary of majority employees

11% less than the average Product Engineer Salary in Industrial Automation Companies for 7 - 11 years of experience

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Last Updated: 11 Jan 2024

Companies similar to Festo for Product Engineer

Company name	Avg Annual Salary	Open Jobs
Johnson Controls Product Engineer Salary 4 - 10 years exp. (4 salaries)	₹6.1 L/yr - ₹9.5 L/yr 10% more
Siemens PLM Software Product Engineer Salary 1 - 6 years exp. (3 salaries)	₹9 L/yr - ₹12.5 L/yr 41% more
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Siemens Product Engineer Salary 0 - 11 years exp. (3 salaries)	₹3.6 L/yr - ₹14.5 L/yr 16% more
TCS Product Engineer Salary 0 - 4 years exp. (382 salaries)	₹2.8 L/yr - ₹9.5 L/yr 32% less
HARMAN Product Engineer Salary 2 - 5 years exp. (327 salaries)	₹3.4 L/yr - ₹11.1 L/yr 8% less	2 job openings

Product Engineer salary at Festo ranges between ₹7.2 Lakhs to ₹7.6 Lakhs per year for employees with experience between 7 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Festo.

Experience wise Festo Product Engineer salaries

Last Updated: 11 Jan 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
8 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
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9 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
11 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr

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Salary related reviews for Festo

Senior Sales Engineer in Ludhiana

Full Time

Sales & Business Development Department

4.0

• posted on 09 Aug 2022

3.0

for Salary and Benefits

Likes

Excellent work culture and best till date learning environment. You are given free hand at learning and implementing your own ideas. Managers are very supportive & encourage you to achieve more. Work life balance and respect for family values.

Skill development - Excellent

+4 more

Dislikes

Salary being offered to new hires, especially people with 2-3 years experience is low as per industry standards.

Sales Engineer in Pune

Sales & Business Development Department

3.0

• posted on 05 May 2022

2.0

for Salary and Benefits

Likes

One of the best working culture with Job security ( if you want to work with less exposure and rewards) . No good policies for employees. Everyone here comes for their retirement plan😂.

Skill development - Good

+3 more

Dislikes

Less growth in terms of salary and promotion. Policies are not as per MNC. No focus on young talent, there is bunch of old employees working with old tactics and delaying process. After resignation, HR is not supportive at all, and do not even pick a call.

Salary - Poor

+1 more

Graduate Engineer Trainee (Get) in Bangalore / Bengaluru

Sales & Marketing Department

5.0

• posted on 30 Jul 2021

3.0

for Salary and Benefits

Likes

Everything about Festo is Good , co workers are great , management is awesome. Food is good , Office is Amazing. Work life balance is Great only 9 hrs of working . Sat - Sun off

Skill development - Good

+4 more

Dislikes

There was No growth , Less compensation. Everything else was amazing

Promotions - Poor

Sales Engineer in Noida

Sales & Business Development Department

4.0

• posted on 09 Jan 2021

4.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Good

+6 more

Didactic Trainer in Ahmedabad

Didactic Department

5.0

• posted on 11 Jul 2020

4.0

for Salary and Benefits

Likes

They paid full salary throughout the covid situation!! and that too without delay!! Nearly 3 months work from Home Am full heartedly thankful to Festo for supporting us in this situation when most of the companies are failed to support!!

Salary - Good

+5 more

Dislikes

Training and career growth!! is less

see more salary related reviews

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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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Festo Product Engineer Salary FAQs

What is the salary of Product Engineer at Festo ?

The average salary of a Product Engineer at Festo in India typically ranges from ₹7.2 Lakhs to ₹7.6 Lakhs per year, depending on experience (from 7 years to 11 years).

The top 10% of Product Engineer at Festo earn more than ₹7.6 Lakhs per year, and the top 1% earn over ₹7.6 Lakhs per year. Product Engineer Salaries at Festo 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 4 Festo employees in India.

What is the estimated take home salary of a Product Engineer at Festo in India?

The estimated take-home salary of a Product Engineer at Festo in India typically ranges from ₹55,730 to ₹57,127 per month. This is based on the average salary range of ₹7.2 Lakhs to ₹7.6 Lakhs per year for employees with experience ranging from 7 years to 11 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 4 salaries received from various employees of Festo. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Festo for Product Engineer in India?

Siemens PLM Software	₹9.0 Lakhs to ₹12.5 Lakhs per year
Siemens	₹3.6 Lakhs to ₹14.5 Lakhs per year
Johnson Controls	₹6.1 Lakhs to ₹9.5 Lakhs per year

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

What is the salary of a Product Engineer in companies similar to Festo in India?

The salary of a Product Engineer at companies similar to Festo in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HARMAN	₹3.4 Lakhs to ₹11.1 Lakhs per year
TCS	₹2.8 Lakhs to ₹9.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Product Engineer at Festo in India?

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

Experience	Average Salary Range
7 years	₹6.8 Lakhs to ₹8.7 Lakhs per year
8 years	₹6.8 Lakhs to ₹8.7 Lakhs per year
9 years	₹6.5 Lakhs to ₹8.3 Lakhs per year
11 years	₹6.8 Lakhs to ₹8.7 Lakhs per year

and so on.

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Festo Product Engineer Salaries

Festo Product Engineer salary in India ranges between ₹7.2 Lakhs to ₹7.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Festo latest salaries received from various employees of Festo.