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Indian Oil Corporation Graduate Engineer salaries in India (Updated 2025)

Annual salary range
0 - 2 years exp.
₹5.9 Lakhs - ₹18.5 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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Fixed (50%)
₹6.1 Lakhs
Variable (50%)
₹6.1 Lakhs
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145% more than the average Graduate Engineer Salary in Oil & Gas Companies for 0 - 2 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering
Graduate Engineer Salary
Fresher (AmbitionBox Estimate)
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₹7 L/yr - ₹8.6 L/yr

Construction & Site Engineering
Graduate Engineer Salary
2 years exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 19 Jan 2025

Companies similar to Indian Oil Corporation for Graduate Engineer

Company name Avg Annual Salary Open Jobs
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Reliance Industries Graduate Engineer Salary

0 - 1 year exp. (112 salaries)

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₹4 L/yr - ₹10.5 L/yr

arrow icon 41% less
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Bharat Petroleum Graduate Engineer Salary

1 - 5 years exp. (78 salaries)

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₹3 L/yr - ₹5 L/yr

arrow icon 65% less
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ExxonMobil Graduate Engineer Salary

0 - 5 years exp. (9 salaries)

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₹10.8 L/yr - ₹12 L/yr

arrow icon 7% less
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Hindustan Petroleum Graduate Engineer Salary

1 - 4 years exp. (6 salaries)

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₹3 L/yr - ₹6.1 L/yr

arrow icon 62% less
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Kent plc Graduate Engineer Salary

0 - 1 year exp. (4 salaries)

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₹4.4 L/yr - ₹5.4 L/yr

arrow icon 58% less
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₹4.8 L/yr - ₹6 L/yr

arrow icon 58% less
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bp Graduate Engineer Salary

Fresher (3 salaries)

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₹22.4 L/yr - ₹22.4 L/yr

arrow icon 84% more
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₹15 L/yr - ₹24 L/yr

arrow icon 61% more
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Oil India Graduate Engineer Salary

0 - 4 years exp. (3 salaries)

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₹5.5 L/yr - ₹12 L/yr

arrow icon 36% less
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₹6.7 L/yr - ₹7.2 L/yr

arrow icon 44% less
Graduate Engineer salary at Indian Oil Corporation ranges between ₹5.9 Lakhs to ₹18.5 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 5 latest salaries received from various employees of Indian Oil Corporation.

Latest annual salaries shared by Indian Oil Corporation Graduate Engineer

1y ago
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2 years exp.

Experience wise Indian Oil Corporation Graduate Engineer salaries

Last Updated: 19 Jan 2025

Experience Avg Annual Salary
Fresher  (4 salaries)

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₹7.8 L/yr - ₹32 L/yr
1 year (AmbitionBox Estimate)

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₹11 L/yr - ₹14 L/yr
2 years (AmbitionBox Estimate)

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₹3 L/yr - ₹10.6 L/yr

Similar Designation salaries in Indian Oil Corporation

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₹2.3 L/yr - ₹5 L/yr
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₹8.6 L/yr - ₹24 L/yr
Site Engineer Salary
(22 salaries)
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₹2.15 L/yr - ₹5.6 L/yr
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₹3 L/yr - ₹12.25 L/yr
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₹1.7 L/yr - ₹4.2 L/yr
Shift Engineer Salary
(AmbitionBox Estimate)
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₹13.5 L/yr - ₹17.3 L/yr
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₹12 L/yr - ₹17 L/yr
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₹4.65 L/yr - ₹13.6 L/yr
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₹1.25 L/yr - ₹8.05 L/yr
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₹2.76 L/yr - ₹4.5 L/yr

Salary related reviews for Indian Oil Corporation

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

  • Salary - Excellent
  • +6 more

Dislikes

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

read more

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

read more

Dislikes

There is no perfect time for in or out.

  • Salary - Poor
  • +5 more

Production, Manufacturing & Engineering Department

4.0
  •  posted on 22 Feb 2020

5.0
 for  Salary and Benefits

Likes

.... There is special care is taken for safety and there are rules to get followed.there good pay scale and other important benifit.

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is a recruitment center level in lower grade.so that is a more tough to get a job for nearby people.

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 20 Aug 2024

4.0
 for  Salary and Benefits

Likes

Good salary for freshers Great allowances for furniture, mobile and laptops Superb Medical benefits Job security is best in the industry Diverse working exposure in refineries Townships for employees

read more
  • Salary - Good
  • +1 more

Dislikes

Remote/ Hardship working locations for refineries Poor work life balance for refineries Hard collar job Career growth is subject to satisfaction of bosses Heavy work loads in few large refineries

read more
  • Work-life balance - Poor

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 10 Sep 2023

4.0
 for  Salary and Benefits

Likes

...ork culture is not much stressed and employees can have a very comfortable life. The pay offered here is good and decent.

read more
  • Salary - Good
  • +2 more

Dislikes

The pay discrimination. Since its a PSU, one of the biggest disadvantages is that you are not paid according to your Qualification and contribution rather it is much based on how long have you been in the company. The organization has been filled with enough examples where an IITian, CAs, MBA professionals who are much important to organization because of their skills are being paid less than an old age employees who might be just doing basic work like passing of medical invoices, being PAs to senior management, employee reimbursement review etc. They work does not contribute either to the growth or profitability of the organization however there CTC 3-4 times higher than that of Qualified personnel working in the same company. Further, very limited personnel from the top management are actually concerned about the health of the organization but mostly are just there to complete their tenure which makes the organization extremely slow and difficult for young professionals to work with full efficiency.

read more
  • Skill development - Poor
  • +1 more
see more salary related reviews

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Indian Oil Corporation Graduate Engineer Salary FAQs

What is the salary of Graduate Engineer at Indian Oil Corporation ?
The average salary of a Graduate Engineer at Indian Oil Corporation in India typically ranges from ₹5.9 Lakhs to ₹18.5 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Graduate Engineer at Indian Oil Corporation earn more than ₹32.0 Lakhs per year, and the top 1% earn over ₹32.0 Lakhs per year. Graduate Engineer Salaries at Indian Oil Corporation 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 5 Indian Oil Corporation employees in India.
What is the estimated take home salary of a Graduate Engineer at Indian Oil Corporation in India?
The estimated take-home salary of a Graduate Engineer at Indian Oil Corporation in India typically ranges from ₹86,536 to ₹88,803 per month. This is based on the average salary range of ₹5.9 Lakhs to ₹18.5 Lakhs per year for employees with experience ranging from Fresher to 2 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 5 salaries received from various employees of Indian Oil Corporation. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Indian Oil Corporation for Graduate Engineer in India?
bp ₹22.4 Lakhs to ₹22.4 Lakhs per year
Oil And Natural Gas Corporation ₹15.0 Lakhs to ₹24.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Indian Oil Corporation, depending on the role and experience level.
What is the salary of a Graduate Engineer in companies similar to Indian Oil Corporation in India?
The salary of a Graduate Engineer at companies similar to Indian Oil Corporation in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ExxonMobil ₹10.8 Lakhs to ₹12.0 Lakhs per year
Oil India ₹5.5 Lakhs to ₹12.0 Lakhs per year
Reliance Industries ₹4.0 Lakhs to ₹10.5 Lakhs per year
Samsung Heavy Industries ₹6.7 Lakhs to ₹7.2 Lakhs per year
Sterling Oil Exploration & Energy Production ₹4.8 Lakhs to ₹6.0 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 Graduate Engineer at Indian Oil Corporation in India?
The salary growth for a Graduate Engineer at Indian Oil Corporation depends on factors such as experience, performance, and promotions. On average, a Graduate Engineer can expect the following growth trajectory at Indian Oil Corporation:

Experience Average Salary Range
Fresher ₹7.8 Lakhs to ₹32.0 Lakhs per year
1 year ₹11.0 Lakhs to ₹14.0 Lakhs per year
2 years ₹3.0 Lakhs to ₹10.6 Lakhs per year
and so on.

Tell us how to improve this page.

Indian Oil Corporation Graduate Engineer salary in India ranges between ₹5.9 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Indian Oil Corporation latest salaries received from various employees of Indian Oil Corporation.