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3.7

based on 1.2k Reviews

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IFB new Product Development Executive salaries in Bangalore / Bengaluru

Annual salary range
5 - 8 years exp.
₹5.5 Lakhs - ₹8.5 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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69% more than the average new Product Development Executive Salary in Consumer Electronics & Appliances Companies for 5 - 8 years of experience

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Salaries in different departments

Research & Development
new Product Development Executive Salary
7 - 8 years exp. (AmbitionBox Estimate)
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₹7.5 L/yr - ₹8.5 L/yr

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

Last Updated: 13 Sep 2023

Companies similar to IFB for new Product Development Executive in Bangalore / Bengaluru

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IFB new Product Development Executive Salary

5 - 8 years exp. (3 salaries)

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₹5.5 L/yr - ₹8.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹6.5 L/yr - ₹11.5 L/yr

arrow icon 17% more
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₹1.8 L/yr - ₹2.4 L/yr

arrow icon 71% less
new Product Development Executive salary at IFB ranges between ₹5.5 Lakhs to ₹8.5 Lakhs per year for employees with experience between 5 years to 8 years. Salary estimates are based on 3 latest salaries received from various employees of IFB.

Latest annual salaries shared by IFB new Product Development Executive in Bangalore / Bengaluru

1y ago
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8 years exp.
1y ago
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7 years exp.
1y ago
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5 years exp.

Experience wise IFB new Product Development Executive salaries in Bangalore / Bengaluru

Last Updated: 13 Sep 2023

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹4.9 L/yr - ₹6.3 L/yr
7 years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.6 L/yr
8 years (AmbitionBox Estimate)

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₹7.7 L/yr - ₹9.8 L/yr

Similar Designation salaries in IFB

Design Engineer Salary
(20 salaries)
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₹2 L/yr - ₹6 L/yr
Deputy Manager Salary
(14 salaries)
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₹12.2 L/yr - ₹22 L/yr
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₹4.2 L/yr - ₹8.1 L/yr
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₹10.25 L/yr - ₹15.85 L/yr

Salary related reviews for IFB

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

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.

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Full Time

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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.

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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.

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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

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Dislikes

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

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 29 Feb 2024

4.0
 for  Salary and Benefits

Likes

Brand is good wasing machine No 1. Salary on time. Cleim on time.

Dislikes

Three months' notice period with no logic for targeting. Focus solely on primary work, not secondary. No marketing support, no POP boy. You have to leave this company after five years, but your gratuity has not been paid to you. This is solely because you did not serve the full three months' notice period. Additionally, the refrigerator started at full pressure without any logical reason.

read more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 12 Mar 2023

3.0
 for  Salary and Benefits

Likes

Sab kuch theek hai but salary jayada nahi hai kitna bhi achha kaam karlo koi promotion ya salary increment ka koi chance nahi hai

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Dislikes

I like this organisation but salary package not good and not promoted chance

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IFB new Product Development Executive Salary FAQs

What is the notice period for new Product Development Executive at IFB in Bangalore / Bengaluru?
According to AmbitionBox, 100% of the IFB new Product Development Executives in Bangalore / Bengaluru reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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IFB new Product Development Executive salary in Bangalore / Bengaluru ranges between ₹5.5 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 IFB latest salaries received from various employees of IFB.