Indian Oil Corporation Diploma Mechanical Engineer Salaries by 10+ Employees (Updated 2024)

0 - 4 years exp.

₹1.4 Lakh - ₹5 Lakhs

Salary of majority employees

12% less than the average Diploma Mechanical Engineer Salary in Oil & Gas Companies for 0 - 4 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Diploma Mechanical Engineer Salary 0 - 4 years exp. (3 salaries)	₹1.8 L/yr - ₹2.2 L/yr
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Research & Development Diploma Mechanical Engineer Salary 1 year exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.4 L/yr

Last Updated: 24 Dec 2023

Companies similar to Indian Oil Corporation for Diploma Mechanical Engineer

Company name	Avg Annual Salary	Open Jobs
Bharat Petroleum Diploma Mechanical Engineer Salary 2 - 3 years exp. (5 salaries)	₹2 L/yr - ₹2.2 L/yr 8% less
Oil And Natural Gas Corporation Diploma Mechanical Engineer Salary 1 - 7 years exp. (5 salaries)	₹1 L/yr - ₹7.2 L/yr 42% more
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Reliance Industries Diploma Mechanical Engineer Salary 0 - 10 years exp. (49 salaries)	₹1.6 L/yr - ₹7 L/yr 85% more
Tata Motors Diploma Mechanical Engineer Salary 0 - 6 years exp. (168 salaries)	₹1.1 L/yr - ₹5.2 L/yr 9% more
Larsen & Toubro Limited Diploma Mechanical Engineer Salary 0 - 8 years exp. (74 salaries)	₹1 L/yr - ₹7.1 L/yr 71% more
Thermax Limited Diploma Mechanical Engineer Salary 1 - 10 years exp. (10 salaries)	₹2.3 L/yr - ₹3.7 L/yr 43% more
Mahindra & Mahindra Diploma Mechanical Engineer Salary 1 - 6 years exp. (164 salaries)	₹1.1 L/yr - ₹4.5 L/yr 16% more
BHEL Diploma Mechanical Engineer Salary 0 - 8 years exp. (9 salaries)	₹1.2 L/yr - ₹5.5 L/yr 26% more
Siemens Diploma Mechanical Engineer Salary 1 - 6 years exp. (8 salaries)	₹2.2 L/yr - ₹4.5 L/yr 43% more
GAIL Diploma Mechanical Engineer Salary 1 - 3 years exp. (6 salaries)	₹2 L/yr - ₹3 L/yr 14% more
Infosys Diploma Mechanical Engineer Salary 0 - 15 years exp. (5 salaries)	₹1 L/yr - ₹3.4 L/yr 8% more
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Wipro Diploma Mechanical Engineer Salary 0 - 3 years exp. (5 salaries)	₹1.2 L/yr - ₹4.2 L/yr 7% more
Oil India Diploma Mechanical Engineer Salary 0 - 2 years exp. (4 salaries)	₹2.1 L/yr - ₹4.5 L/yr 41% more
Schlumberger Diploma Mechanical Engineer Salary 7 - 9 years exp. (4 salaries)	₹6 L/yr - ₹14 L/yr 305% more
TCS Diploma Mechanical Engineer Salary 0 - 3 years exp. (3 salaries)	₹3 L/yr - ₹5 L/yr 51% more
HCLTech Diploma Mechanical Engineer Salary 0 - 1 year exp. (3 salaries)	₹0.2 L/yr - ₹2.9 L/yr 26% less

Diploma Mechanical Engineer salary at Indian Oil Corporation ranges between ₹1.4 Lakh to ₹5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 11 latest salaries received from various employees of Indian Oil Corporation.

Experience wise Indian Oil Corporation Diploma Mechanical Engineer salaries

Last Updated: 24 Dec 2023

Experience	Avg Annual Salary
Fresher (3 salaries)	₹1.8 L/yr - ₹2.2 L/yr
1 year (5 salaries)	₹1.4 L/yr - ₹5 L/yr
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2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹3.2 L/yr

Similar Designation salaries in Indian Oil Corporation

Mechanical Engineer Salary

(87 salaries)

₹1.26 L/yr - ₹6.8 L/yr

Electrical Engineer Salary

(34 salaries)

₹1 L/yr - ₹4.8 L/yr

Senior Electrical Engineer Salary

(4 salaries)

₹5.5 L/yr - ₹12 L/yr

Maintenance Engineer Salary

(21 salaries)

₹1.25 L/yr - ₹4.75 L/yr

Senior Engineer Salary

(8 salaries)

₹4.1 L/yr - ₹13.02 L/yr

Service Engineer Salary

(5 salaries)

₹1.7 L/yr - ₹4.2 L/yr

Executive Engineer Salary

(6 salaries)

₹12.5 L/yr - ₹17 L/yr

Production Engineer Salary

(33 salaries)

₹7.5 L/yr - ₹24 L/yr

Project Engineer Salary

(18 salaries)

₹8.07 L/yr - ₹14.7 L/yr

Assistant Engineer Salary

(17 salaries)

₹6.85 L/yr - ₹8.39 L/yr

Salary related reviews for Indian Oil Corporation

4.0

Rated by 8 employees for salary & benefits

Mechanical Engineer in Vadodara

Other Department

5.0

• posted on 19 Jun 2021

5.0

for Salary and Benefits

Likes

Being a part of IOCL its been pleasure and been proud of it... it's really jubilant moment to be a team part of it

Dislikes

On other side salary is a big issue...like its not affordable....not even basic mandatory cost it can be completed

Maintenance Engineer in Vadodara

Production, Manufacturing & Engineering Department

3.0

• posted on 13 Jun 2020

2.0

for Salary and Benefits

Likes

...nvironment but sometimes work is for important than life this type of situation in this company and also salary is not equal to the work thats my point and there is no security or social distance towards covid 19

Dislikes

There is no perfect time for in or out.

Technician in Haryana

Other Department

4.0

• posted on 18 Jun 2020

3.0

for Salary and Benefits

Likes

supporting for rashan, supporting for time to salary, not forcing for doing work compulsary..if I have no knowledge that work all staff help us.

Dislikes

increasing salary for labours or technical private staff

Technician

Other Department

2.0

• posted on 31 Oct 2019

3.0

for Salary and Benefits

Likes

In IOCL all staff behavior is well. By a engg learn many kind of technical issue such as fault. For permanent employee secure his future...am also want to persuing job in IOCL for permanent employee

Dislikes

Dislike in IOCL is doing by contractor job his employee not happy because not pay by contractor time to time payment...all technician, engg., labour's work through contractor is want to help plz they say about his sic for punish his contractor ..... Plz

Technician

Construction & Site Engineering Department

5.0

• posted on 17 Dec 2019

5.0

for Salary and Benefits

Likes

I hanve a great experience for IOCL

Dislikes

Compensation is decent,but no growth for Apprentice.No work pressure but to learn about machines operation and maintenance.We work only 8 hours in which 1 our was for lunch.We reported to our safety officer.

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a technical project manager

Deadend

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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Indian Oil Corporation Diploma Mechanical Engineer Salary FAQs

What is the salary of Diploma Mechanical Engineer at Indian Oil Corporation?

Diploma Mechanical Engineer salary at Indian Oil Corporation in India ranges between ₹1.4 Lakhs to ₹5.0 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 12% less than the average Diploma Mechanical Engineer Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Indian Oil Corporation India.

How does the salary of a Diploma Mechanical Engineer at Indian Oil Corporation India compare with the average salary range for this job?

The average salary of a Diploma Mechanical Engineer at Indian Oil Corporation is 12% less than the average salary of a Diploma Mechanical Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Indian Oil Corporation to a Diploma Mechanical Engineer in India?

Schlumberger Diploma Mechanical Engineer Salary - ₹6.0 Lakhs to ₹14.0 Lakhs per year
Reliance Industries Diploma Mechanical Engineer Salary - ₹1.6 Lakhs to ₹7.0 Lakhs per year
Larsen & Toubro Limited Diploma Mechanical Engineer Salary - ₹1.0 Lakhs to ₹7.1 Lakhs per year
TCS Diploma Mechanical Engineer Salary - ₹3.0 Lakhs to ₹5.0 Lakhs per year
Thermax Limited Diploma Mechanical Engineer Salary - ₹2.3 Lakhs to ₹3.7 Lakhs per year

What is the salary of a Diploma Mechanical Engineer in companies similar to Indian Oil Corporation in India?

Siemens Diploma Mechanical Engineer Salary - ₹2.2 Lakhs to ₹4.5 Lakhs per year
Oil And Natural Gas Corporation Diploma Mechanical Engineer Salary - ₹1.0 Lakhs to ₹7.2 Lakhs per year
Oil India Diploma Mechanical Engineer Salary - ₹2.1 Lakhs to ₹4.5 Lakhs per year
BHEL Diploma Mechanical Engineer Salary - ₹1.2 Lakhs to ₹5.5 Lakhs per year
Mahindra & Mahindra Diploma Mechanical Engineer Salary - ₹1.1 Lakhs to ₹4.5 Lakhs per year

What is the estimated take home salary of a Diploma Mechanical Engineer at Indian Oil Corporation in India?

The estimated take-home salary of a Diploma Mechanical Engineer at Indian Oil Corporation ranges between ₹15,600 per month to ₹17,219 per month in India. The take-home salary calculation is based on the average Indian Oil Corporation Diploma Mechanical Engineer salary in India which ranges between ₹1.4 Lakhs to ₹5.0 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 Diploma Mechanical Engineer at Indian Oil Corporation?

According to AmbitionBox, 50% of the Indian Oil Corporation Diploma Mechanical Engineers reported a notice period of 15 days or less, 33% reported a notice period of More than 3 months and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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Indian Oil Corporation Diploma Mechanical Engineer Salaries

Indian Oil Corporation Diploma Mechanical Engineer salary in India ranges between ₹1.4 Lakh to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Indian Oil Corporation latest salaries received from various employees of Indian Oil Corporation.

Indian Oil Corporation Diploma Mechanical Engineer salaries in India

Companies similar to Indian Oil Corporation for Diploma Mechanical Engineer

Latest annual salaries shared by Indian Oil Corporation Diploma Mechanical Engineer

Experience wise Indian Oil Corporation Diploma Mechanical Engineer salaries

Similar Designation salaries in Indian Oil Corporation

Salary related reviews for Indian Oil Corporation

Mechanical Engineer in Vadodara

Maintenance Engineer in Vadodara

Technician in Haryana

Technician

Technician

Indian Oil Corporation Diploma Mechanical Engineer Salary FAQs

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Indian Oil Corporation Diploma Mechanical Engineer Salaries by Location