IFB Procurement Manager Salaries by 3 Employees (Updated 2024)

8 - 10 years exp.

₹17.5 Lakhs - ₹25 Lakhs

Low Confidence

Salary of majority employees

34% more than the average Procurement Manager Salary in Consumer Electronics & Appliances Companies for 8 - 10 years of experience

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Last Updated: 29 Sep 2023

Companies similar to IFB for Procurement Manager

Company name	Avg Annual Salary	Open Jobs
Whirlpool Procurement Manager Salary 4 - 14 years exp. (7 salaries)	₹13 L/yr - ₹29 L/yr 2% more
LG Electronics Procurement Manager Salary 11 - 25 years exp. (14 salaries)	₹17.5 L/yr - ₹23.5 L/yr 6% more
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Samsung Procurement Manager Salary 9 - 20 years exp. (14 salaries)	₹13 L/yr - ₹34.7 L/yr 9% more
Voltas Procurement Manager Salary 12 - 17 years exp. (11 salaries)	₹12.9 L/yr - ₹24 L/yr 16% less
Blue Star Procurement Manager Salary 13 - 19 years exp. (7 salaries)	₹19 L/yr - ₹26.5 L/yr 12% more
Siemens Procurement Manager Salary 7 - 18 years exp. (44 salaries)	₹8.9 L/yr - ₹27.7 L/yr 18% less	2 job openings
Bosch Procurement Manager Salary 8 - 14 years exp. (4 salaries)	₹12 L/yr - ₹21.3 L/yr 18% less
Orient Electric Procurement Manager Salary 10 - 13 years exp. (4 salaries)	₹10.2 L/yr - ₹18 L/yr 29% less
Bajaj Electricals Procurement Manager Salary 5 - 9 years exp. (3 salaries)	₹8.1 L/yr - ₹14.5 L/yr 40% less
OnePlus Procurement Manager Salary 7 - 8 years exp. (3 salaries)	₹9 L/yr - ₹12 L/yr 49% less

Procurement Manager salary at IFB ranges between ₹17.5 Lakhs to ₹25 Lakhs per year for employees with experience between 8 years to 10 years. Salary estimates are based on 3 latest salaries received from various employees of IFB.

Experience wise IFB Procurement Manager salaries

Last Updated: 29 Sep 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹17.5 L/yr - ₹17.5 L/yr
9 years (AmbitionBox Estimate)	₹18 L/yr - ₹18 L/yr
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10 years (AmbitionBox Estimate)	₹25 L/yr - ₹25 L/yr

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Salary related reviews for IFB

Procurement Officer in Bangalore / Bengaluru

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

Dislikes

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

Senior Engineer Purchase in Kolkata

Full Time

Procurement & Supply Chain Department

2.0

• posted on 20 Nov 2023

2.0

for Salary and Benefits

Likes

Job security and on time salary.

Dislikes

90 days notice period is mandatory here. If somebody leaves even on 89th day they will not hand over the release letter and they will not settle any full and final even after working for 10 yrs. They can transfer u any of their location at any point of time.

Product Development Engineer in Kolkata

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.

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.

Area Sales Manager in Kolhapur

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.

Sales Executive in Agra

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

Dislikes

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

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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IFB Procurement Manager Salary FAQs

What is the notice period for Procurement Manager at IFB?

According to AmbitionBox, 100% of the IFB Procurement Manager s reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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IFB Procurement Manager Salaries

IFB Procurement Manager salary in India ranges between ₹17.5 Lakhs to ₹25 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 IFB latest salaries received from various employees of IFB.