Indian Oil Corporation Senior Engineer Mechanical Salaries by 4 Employees

7 - 10 years exp.

₹8 Lakhs - ₹8.6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

At par with the average Senior Engineer Mechanical Salary in Oil & Gas Companies for 7 - 10 years of experience

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Salaries in different departments

Quality Assurance Senior Engineer Mechanical Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹8.6 L/yr - ₹9.5 L/yr
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Construction & Site Engineering Senior Engineer Mechanical Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.4 L/yr

Last Updated: 13 Aug 2024

Companies similar to Indian Oil Corporation for Senior Engineer Mechanical

Company name	Avg Annual Salary	Open Jobs
Reliance Industries Senior Engineer Mechanical Salary 4 - 16 years exp. (29 salaries)	₹5.3 L/yr - ₹19 L/yr 29% more
Schlumberger Senior Engineer Mechanical Salary 5 - 13 years exp. (11 salaries)	₹7.2 L/yr - ₹30 L/yr 115% more
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Shell Senior Engineer Mechanical Salary 6 - 9 years exp. (10 salaries)	₹11.2 L/yr - ₹14.9 L/yr 62% more
Baker Hughes Senior Engineer Mechanical Salary 7 - 11 years exp. (7 salaries)	₹10.5 L/yr - ₹17.2 L/yr 60% more
China Petroleum Engineering & Construction Corporation Senior Engineer Mechanical Salary 10 - 17 years exp. (4 salaries)	₹30 L/yr - ₹75 L/yr 531% more
Oil India Senior Engineer Mechanical Salary 0 - 9 years exp. (4 salaries)	₹8.5 L/yr - ₹19 L/yr 48% more
Kent plc Senior Engineer Mechanical Salary 4 - 14 years exp. (3 salaries)	₹12 L/yr - ₹22.1 L/yr 94% more
Valmet Senior Engineer Mechanical Salary 8 - 9 years exp. (3 salaries)	₹6.6 L/yr - ₹10.1 L/yr 5% more

Senior Engineer Mechanical salary at Indian Oil Corporation ranges between ₹8 Lakhs to ₹8.6 Lakhs per year for employees with experience between 7 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Indian Oil Corporation.

Experience wise Indian Oil Corporation Senior Engineer Mechanical salaries

Last Updated: 13 Aug 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹8 L/yr - ₹15 L/yr
8 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹15.2 L/yr
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9 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹15.5 L/yr
10 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹15.8 L/yr

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Salary related reviews for Indian Oil Corporation

4.0

Rated by 2 employees for salary & benefits

Apprenticeship Trainee in Gonda

Intern

Customer Success, Service & Operations Department

5.0

• posted on 18 Mar 2023

3.0

for Salary and Benefits

Likes

Company is overall great and i like the way the process there work . Work load is neutral not very hardworking but they made my personality developed because i worked hard to gain more and more knowledge and i think I got it but there is always a lot to learn .

Skill development - Good

+3 more

Dislikes

Just there salary they provide to trainee according to there work load.

Job security - Poor

+1 more

Technician Apprentice Trainee in Uttar Pradesh

Full Time

Mathura Department

3.0

• posted on 21 Jun 2022

1.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Company culture - Excellent

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 1 years before which you cannot resign. On the job training is not given to new joinees.

Salary - Bad

+5 more

Apprenticeship Trainee in Guna

Other Department

5.0

• posted on 24 Mar 2022

1.0

for Salary and Benefits

Likes

Good work environment and culture.Team.ates are supportive and the management is transparent.There is a huge cafeteria and gaming arcade for chilling.

Skill development - Good

+4 more

Dislikes

There is a lot of politics and the management doesn't address our issues.salary is decent but career growth is slow.

Salary - Bad

+1 more

Electrical Technician in Jabalpur

Production, Manufacturing & Engineering Department

5.0

• posted on 28 Feb 2019

5.0

for Salary and Benefits

Likes

It's a greatly pleasure for me that I worked here. The environment of company is very positive and the people of the company are very helpful and they teach us like a student , they give all knowledge about company like what we produce and what is our business , how we work with responsibility . How to work in under pressure and how to we plan to do any work like maintenance, installation and other work in oil sector. My skill and knowledge has developed here very well.

Salary - Excellent

+6 more

Dislikes

My teammates were very good we work as a team.my salary is enough as a fresher condidate .

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

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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Indian Oil Corporation Senior Engineer Mechanical Salary FAQs

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

The average salary of a Senior Engineer Mechanical at Indian Oil Corporation in India typically ranges from ₹8.0 Lakhs to ₹8.6 Lakhs per year, depending on experience (from 7 years to 10 years).

The top 10% of Senior Engineer Mechanical at Indian Oil Corporation earn more than ₹8.6 Lakhs per year, and the top 1% earn over ₹8.6 Lakhs per year. Senior Engineer Mechanical 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 4 Indian Oil Corporation employees in India.

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

The estimated take-home salary of a Senior Engineer Mechanical at Indian Oil Corporation in India typically ranges from ₹61,129 to ₹62,678 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹8.6 Lakhs per year for employees with experience ranging from 7 years to 10 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 4 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 Senior Engineer Mechanical in India?

China Petroleum Engineering & Construction Corporation	₹30.0 Lakhs to ₹75.0 Lakhs per year
Schlumberger	₹7.2 Lakhs to ₹30.0 Lakhs per year
Kent plc	₹12.0 Lakhs to ₹22.1 Lakhs per year
Shell	₹11.2 Lakhs to ₹14.9 Lakhs per year
Baker Hughes	₹10.5 Lakhs to ₹17.2 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 Senior Engineer Mechanical in companies similar to Indian Oil Corporation in India?

The salary of a Senior Engineer Mechanical at companies similar to Indian Oil Corporation in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Oil India	₹8.5 Lakhs to ₹19.0 Lakhs per year
Reliance Industries	₹5.3 Lakhs to ₹19.0 Lakhs per year
Valmet	₹6.6 Lakhs to ₹10.1 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 Senior Engineer Mechanical at Indian Oil Corporation in India?

The salary growth for a Senior Engineer Mechanical at Indian Oil Corporation depends on factors such as experience, performance, and promotions. On average, a Senior Engineer Mechanical can expect the following growth trajectory at Indian Oil Corporation:

Experience	Average Salary Range
7 years	₹8.0 Lakhs to ₹15.0 Lakhs per year
8 years	₹8.4 Lakhs to ₹15.2 Lakhs per year
9 years	₹8.6 Lakhs to ₹15.5 Lakhs per year
10 years	₹8.6 Lakhs to ₹15.8 Lakhs per year

and so on.

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Indian Oil Corporation Senior Engineer Mechanical Salaries

Indian Oil Corporation Senior Engineer Mechanical salary in India ranges between ₹8 Lakhs to ₹8.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Indian Oil Corporation latest salaries received from various employees of Indian Oil Corporation.