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IFB new Product Development Engineer salaries in India

Annual salary range
5 - 10 years exp.
₹5.5 Lakhs - ₹7.8 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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58% more than the average new Product Development Engineer Salary in Consumer Electronics & Appliances Companies for 5 - 10 years of experience

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Salaries in different departments

Research & Development
new Product Development Engineer Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹6.3 L/yr - ₹7.8 L/yr

Production, Manufacturing & Engineering
new Product Development Engineer Salary
10 years exp. (AmbitionBox Estimate)
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₹5.2 L/yr - ₹6.3 L/yr

Quality Assurance
new Product Development Engineer Salary
5 years exp. (AmbitionBox Estimate)
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₹4.9 L/yr - ₹6 L/yr

Last Updated: 7 Dec 2024

Companies similar to IFB for new Product Development Engineer

Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹7.8 L/yr

arrow icon 27% less
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₹7.2 L/yr - ₹15.8 L/yr

arrow icon 68% more
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₹3.4 L/yr - ₹4.2 L/yr

arrow icon 41% less
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₹4.6 L/yr - ₹12 L/yr

arrow icon 24% more
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₹12.1 L/yr - ₹13.6 L/yr

arrow icon 100% more
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₹4.1 L/yr - ₹5.3 L/yr

arrow icon 22% less
new Product Development Engineer salary at IFB ranges between ₹5.5 Lakhs to ₹7.8 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of IFB.

Latest annual salaries shared by IFB new Product Development Engineer

4w ago
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10 years exp.
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5 years exp.
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5 years exp.
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6 years exp.

Experience wise IFB new Product Development Engineer salaries

Last Updated: 7 Dec 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.6 L/yr
6 years (AmbitionBox Estimate)

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₹5.6 L/yr - ₹7.2 L/yr
10 years (AmbitionBox Estimate)

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₹5.2 L/yr - ₹6.6 L/yr

Similar Designation salaries in IFB

Product Development Engineer Salary
(AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr
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₹1.48 L/yr - ₹6.47 L/yr
Product Engineer Salary
(AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.6 L/yr
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₹4 L/yr - ₹5.4 L/yr
Project Engineer Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
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₹6.1 L/yr - ₹7.8 L/yr
Production Officer Salary
(AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.7 L/yr
Assistant Engineer Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
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₹5 L/yr - ₹6 L/yr
Design Engineer Salary
(24 salaries)
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₹2 L/yr - ₹6.6 L/yr

Salary related reviews for IFB

Full Time

 · 

Research & Development Department

3.0
  •  posted on 22 Jan 2025

3.0
 for  Salary and Benefits

Likes

Its good place to learn about how manufacturing works, I consider if you are a fresher and salary is not an issue to survive

read more
  • Skill development - Excellent
  • +2 more

Dislikes

Work life balance is not that great 6 days working. No shifts or work from home/Hybrid options Ctc to actual pay there are lot of cutting

read more

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 01 Oct 2024

4.0
 for  Salary and Benefits

Likes

1.On time salary. 2.Lots of things for learning.

read more
  • Salary - Good
  • +1 more

Dislikes

1. No week off. 2. No festival leave. 3. Job timing regularly 10 to 11 hrs without overtime pay. 4. Seniors treats with junior likes his servant. Bad working culture. 5. Too much hard work than expections.

read more
  • Promotions - Poor
  • +3 more

Research & Development Department

3.0
  •  posted on 27 Jul 2018

2.0
 for  Salary and Benefits

Likes

Work culture is pretty flexible. People are quite approachable. You can get to work upon the projects that you are interested in, so ultimately you would develop the profile that you desire. It is product based company, so you get to see physical products and get inspired from benchmark designs and studies. Being sole responsible for the project, you learn multi facets to the project and can grow from on job experience.

read more
  • Job security - Excellent
  • +2 more

Dislikes

...ly, its reverse and top management assigns you project according to you skill. 4)Salary is very low, when compared to market rates. 5) If you are passionate and want to grow more, this ISN'T company for you. 6) Meritocracy is never identified and rewarded. Set of fixed persons, who are known by manager or HOD gets better benefits. 7) Canteen food is very poor. Even after repeated complaints, the caterer wasn't changed. Opinion of the employees is not strongly considered. 8) HR people are sitting to put all type of constraints on you, but not to support you. 15 minutes late and half day salary is cut (Timings are fixed (8.5 hrs daily) and no work from home. Monday to Saturday work days) Don't listen to provide sufficient facilities. For new joinees, no assets come on time. You have to run to raise PO, procure components to finish your projects, as if you are going to get bonus for completing the project. (No Bonus is given, its from your CTC and given to you at year end. Pathetic HR Policies) 9) Very recently they have started giving increments once in two years. They never announced official of course. But, showing some losses they don't give increments every year. 10) There are no fixed set of regulations or procedures. Every one defines their own work style. System is highly person dependent. Notice period is sharp 3 months, non negotiable. So, searching for another job is pretty tough.

read more
  • Salary - Poor
  • +3 more

Full Time

 · 

Marketing & Communication Department

2.0
  •  posted on 12 Jan 2025

1.0
 for  Salary and Benefits

Likes

Products are good. Salary on time

Dislikes

Forget about incentive structure Biased promotion Super Toxic Environment Most National level people left HR dept is a mess Only buttering is the option No place for perfomer You may have to go to court for releasing letter if you don't serve full 90 days notice period Don't spoil your Future here

read more
  • Salary - Bad
  • +3 more

Full Time

 · 

Procurement & Supply Chain Department

3.0
  •  posted on 18 Jul 2023

2.0
 for  Salary and Benefits

Likes

The only advantage I get is that once my CV get the name IFB will get a better jump and pay once I shift my job

read more

Dislikes

No work culture and work life balance. Management is very poor in considering our work effort

  • Salary - Poor
  • +5 more
see more salary related reviews

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IFB new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at IFB?
new Product Development Engineer salary at IFB in India ranges between ₹5.5 Lakhs to ₹7.8 Lakhs for experience between 5 years to 10 years. According to our estimates it is 58% more than the average new Product Development Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of IFB India.
How does the salary of a new Product Development Engineer at IFB India compare with the average salary range for this job?
The average salary of a new Product Development Engineer at IFB is 58% more than the average salary of a new Product Development Engineer in India. To know exact salary insights, login to view.
Which similar companies are paying more than IFB to a new Product Development Engineer in India?
  • Bajaj Electricals new Product Development Engineer Salary - ₹12.1 Lakhs to ₹13.6 Lakhs per year
  • LG Electronics new Product Development Engineer Salary - ₹7.2 Lakhs to ₹15.8 Lakhs per year
  • V-Guard Industries new Product Development Engineer Salary - ₹4.6 Lakhs to ₹12.0 Lakhs per year
What is the salary of a new Product Development Engineer in companies similar to IFB in India?
  • Amber Enterprises India new Product Development Engineer Salary - ₹4.1 Lakhs to ₹5.3 Lakhs per year
  • Whirlpool new Product Development Engineer Salary - ₹2.0 Lakhs to ₹7.8 Lakhs per year
  • Transsion new Product Development Engineer Salary - ₹3.4 Lakhs to ₹4.2 Lakhs per year
What is the estimated take home salary of a new Product Development Engineer at IFB in India?
The estimated take-home salary of a new Product Development Engineer at IFB ranges between ₹48,107 per month to ₹49,245 per month in India. The take-home salary calculation is based on the average IFB new Product Development Engineer salary in India which ranges between ₹5.5 Lakhs to ₹7.8 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?
What is the notice period for new Product Development Engineer at IFB?
According to AmbitionBox, 50% of the IFB new Product Development Engineers reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

IFB new Product Development Engineer salary in India ranges between ₹5.5 Lakhs to ₹7.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 IFB latest salaries received from various employees of IFB.