Lakshmi Machine Works Management Trainee Salaries by 7 Employees

0 - 1 year exp.

₹4 Lakhs - ₹5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

36% less than the average Management Trainee Salary in Industrial Machinery Companies for 0 - 1 year of experience

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Salaries in different departments

Marketing & Communication Management Trainee Salary 0 - 1 year exp. (3 salaries)	₹4.5 L/yr - ₹5.5 L/yr
Human Resources Management Trainee Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr
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Consulting Management Trainee Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 25 Nov 2024

Companies similar to Lakshmi Machine Works for Management Trainee

Company name	Avg Annual Salary	Open Jobs
ABB Management Trainee Salary 0 - 1 year exp. (12 salaries)	₹6 L/yr - ₹8.5 L/yr 30% more
Cummins Management Trainee Salary 0 - 1 year exp. (9 salaries)	₹6.9 L/yr - ₹8.3 L/yr 60% more
Login to view exact salary
Shakti Pumps Management Trainee Salary 0 - 1 year exp. (8 salaries)	₹3 L/yr - ₹4 L/yr 21% less	1 job opening
Thermax Limited Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹13 L/yr - ₹16 L/yr 204% more
Netafim Irrigation India Management Trainee Salary 0 - 4 years exp. (5 salaries)	₹4.8 L/yr - ₹7.9 L/yr 23% more
Hilti Management Trainee Salary 0 - 14 years exp. (5 salaries)	₹12 L/yr - ₹35 L/yr 400% more
Wipro Infrastructure Engineering Management Trainee Salary 1 - 3 years exp. (5 salaries)	₹1.1 L/yr - ₹4.2 L/yr 55% less
Kirloskar Oil Engines Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹6 L/yr - ₹8 L/yr 56% more
Gmmco Management Trainee Salary 2 - 3 years exp. (5 salaries)	₹21.5 L/yr - ₹24 L/yr 387% more
Danfoss Industries Management Trainee Salary 0 - 7 years exp. (4 salaries)	₹2 L/yr - ₹4.4 L/yr 32% less
Rieter Management Trainee Salary 0 - 1 year exp. (4 salaries)	₹2 L/yr - ₹9.5 L/yr 18% more
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TKIL Management Trainee Salary 0 - 3 years exp. (4 salaries)	₹13.9 L/yr - ₹18 L/yr 217% more
Kirloskar Brothers Management Trainee Salary 0 - 1 year exp. (4 salaries)	₹1.5 L/yr - ₹5 L/yr 37% less
Timken Management Trainee Salary 1 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹2.3 L/yr 57% less
C.R.I. Pumps Management Trainee Salary 0 - 2 years exp. (4 salaries)	₹4 L/yr - ₹4.5 L/yr 13% less

Management Trainee salary at Lakshmi Machine Works ranges between ₹4 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 7 latest salaries received from various employees of Lakshmi Machine Works.

Experience wise Lakshmi Machine Works Management Trainee salaries

Last Updated: 25 Nov 2024

Experience	Avg Annual Salary
Fresher (4 salaries)	₹4 L/yr - ₹5 L/yr
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1 year (3 salaries)	₹4 L/yr - ₹5 L/yr

Similar Designation salaries in Lakshmi Machine Works

Finance Executive Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Accountant Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.4 L/yr

Financial Analyst Salary

(3 salaries)

₹6.5 L/yr - ₹11.1 L/yr

Accounts Officer Salary

(3 salaries)

₹3 L/yr - ₹9.9 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹4.7 L/yr - ₹6 L/yr

Deputy Manager Salary

(44 salaries)

₹9 L/yr - ₹17.5 L/yr

Account Assistant Salary

(3 salaries)

₹2.5 L/yr - ₹3.25 L/yr

Salary related reviews for Lakshmi Machine Works

4.5

Rated by 2 employees for salary & benefits

Technical Sales Engineer in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 06 Oct 2023

4.0

for Salary and Benefits

Likes

For sales and service traveling expenses are really good. New joiners gets attractive packages.

Salary - Good

+3 more

Dislikes

No value for old employees. Less appraisal. Salary of loyal employees will be very less compared to new joiners.

Skill development - Poor

+2 more

Purchase Engineer in Coimbatore

Full Time

Procurement & Supply Chain Department

1.0

• posted on 12 Sep 2023

3.0

for Salary and Benefits

Likes

No positives

Promotions - Good

Dislikes

...agers frequently bothering even during medical leave due to system shortcomings. High attrition rates plague SCM, exacerbated by attractive salary offers that ultimately lead to rapid resignations due to this culture less working environment. Prospective employees are requested to thoroughly investigate before joining or don't consider this organization.

Skill development - Bad

+3 more

System Incharge in Coimbatore

Full Time

Engineering - Software & QA Department

3.0

• posted on 30 Dec 2022

2.0

for Salary and Benefits

Likes

Ya best company to work but the one below management is very very poor. Can learn lot of things and can take the product owner ship but work life balance is very worst in the present management. And need to work only for one person in the company not for the betterment of company growth. And work life balance is very very very poor.

Skill development - Good

Dislikes

Salary, work life balance and very worst culture

Salary - Poor

+4 more

Engineer in Coimbatore

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 12 Feb 2023

4.0

for Salary and Benefits

Likes

Salary and Other supports by the management are Highlights.

Salary - Good

+1 more

Dislikes

Employees will show every day that its a naidu concern. They don't worry about the communication. How worst is they talk in telegu in a meeting , even team things inside the team.

Skill development - Poor

+3 more

Senior Sales Engineer in No Office In My City

Sales & Business Development Department

3.0

• posted on 29 Jun 2022

3.0

for Salary and Benefits

Likes

Timely salary.

Job security - Excellent

Dislikes

1. Travel re-imbursement takes 4 months to come. 2. Application team don't support sales team. 3. Higher cost than other competitors. 4. Visionless management. 5. No correlation between departments 6. Non cooperative HR 7. Discrimination between employees. 8. Impractical sales Targets 9. Communication gap. 10. Head office people don't even receive calls. 11. Adament attitude. 12. Even bad behaviour with small scale customers. 13. Roles are not defined.

Skill development - Poor

+4 more

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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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Lakshmi Machine Works Management Trainee Salary FAQs

What is the salary of Management Trainee at Lakshmi Machine Works ?

The average salary of a Management Trainee at Lakshmi Machine Works in India typically ranges from ₹4.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 1 year).

The top 10% of Management Trainee at Lakshmi Machine Works earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Management Trainee Salaries at Lakshmi Machine Works 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 7 Lakshmi Machine Works employees in India.

What is the estimated take home salary of a Management Trainee at Lakshmi Machine Works in India?

The estimated take-home salary of a Management Trainee at Lakshmi Machine Works in India typically ranges from ₹35,442 to ₹36,675 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 1 year.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 7 salaries received from various employees of Lakshmi Machine Works. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Lakshmi Machine Works for Management Trainee in India?

Hilti	₹12.0 Lakhs to ₹35.0 Lakhs per year
Gmmco	₹21.5 Lakhs to ₹24.0 Lakhs per year
TKIL	₹13.9 Lakhs to ₹18.0 Lakhs per year
Thermax Limited	₹13.0 Lakhs to ₹16.0 Lakhs per year
Cummins	₹6.9 Lakhs to ₹8.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Lakshmi Machine Works, depending on the role and experience level.

What is the salary of a Management Trainee in companies similar to Lakshmi Machine Works in India?

The salary of a Management Trainee at companies similar to Lakshmi Machine Works in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kirloskar Oil Engines	₹6.0 Lakhs to ₹8.0 Lakhs per year
ABB	₹6.0 Lakhs to ₹8.5 Lakhs per year
Netafim Irrigation India	₹4.8 Lakhs to ₹7.9 Lakhs per year
Rieter	₹2.0 Lakhs to ₹9.5 Lakhs per year
C.R.I. Pumps	₹4.0 Lakhs to ₹4.5 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 Management Trainee at Lakshmi Machine Works in India?

The salary growth for a Management Trainee at Lakshmi Machine Works depends on factors such as experience, performance, and promotions. On average, a Management Trainee can expect the following growth trajectory at Lakshmi Machine Works:

Experience	Average Salary Range
Fresher	₹4.0 Lakhs to ₹5.0 Lakhs per year
1 year	₹4.0 Lakhs to ₹5.0 Lakhs per year

and so on.

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Lakshmi Machine Works Management Trainee Salaries

Lakshmi Machine Works Management Trainee salary in India ranges between ₹4 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.