LG Electronics new Product Development Engineer Salaries by 4 Employees (Updated 2024)

3 - 5 years exp.

₹7.2 Lakhs - ₹15.8 Lakhs

Low Confidence

Salary of majority employees

168% more than the average new Product Development Engineer Salary in Consumer Electronics & Appliances Companies for 3 - 5 years of experience

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Last Updated: 24 Oct 2024

Companies similar to LG Electronics for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Whirlpool new Product Development Engineer Salary 1 - 6 years exp. (9 salaries)	₹2 L/yr - ₹7.8 L/yr 56% less
Haier Appliances India new Product Development Engineer Salary 0 - 3 years exp. (4 salaries)	₹3.5 L/yr - ₹4 L/yr 65% less
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Vivo new Product Development Engineer Salary 1 - 6 years exp. (6 salaries)	₹3.8 L/yr - ₹6.4 L/yr 53% less
Daikin new Product Development Engineer Salary 3 - 6 years exp. (4 salaries)	₹3.5 L/yr - ₹7 L/yr 57% less
Signify new Product Development Engineer Salary 0 - 6 years exp. (4 salaries)	₹10 L/yr - ₹14.5 L/yr 20% more
Bajaj Electricals new Product Development Engineer Salary 8 - 10 years exp. (3 salaries)	₹12.1 L/yr - ₹13.6 L/yr 19% more

new Product Development Engineer salary at LG Electronics ranges between ₹7.2 Lakhs to ₹15.8 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of LG Electronics.

Experience wise LG Electronics new Product Development Engineer salaries

Last Updated: 24 Oct 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
4 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.2 L/yr
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5 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.2 L/yr

Similar Designation salaries in LG Electronics

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Senior Design Engineer Salary

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Project Engineer Salary

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Senior Software Engineer Salary

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Assistant Engineer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Production Manager Salary

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₹14.5 L/yr - ₹30 L/yr

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₹2.5 L/yr - ₹7 L/yr

Salary related reviews for LG Electronics

Senior Engineer in Pune

Full Time

Research & Development Department

3.0

• posted on 03 Oct 2024

4.0

for Salary and Benefits

Likes

Good salary. Great benefits like free lunch snacks, etc. Good buses for transport. Saturday off.

Dislikes

Very far from the city. No learning. Monotonous work. No creativity allowed in work. A lot of meaningless reporting.

Project Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

3.0

• posted on 19 May 2022

2.0

for Salary and Benefits

Likes

I'm worked as a off role employee (third party), there is mainly we can learn many things and grow up technically and personally

Dislikes

There are few things like... They don't care about off role employee but work will be more that a manager, salary hikes are very less... I got 3000 increment for 3.5 yrs (overall)

Senior Engineer in Pune

Full Time

Procurement & Supply Chain Department

5.0

• posted on 12 Apr 2021

5.0

for Salary and Benefits

Likes

...olicies for employees growth also lunch,breakfast and gym facilities available.. Also provides good salary and bonus every year .

Project Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

4.0

• posted on 08 Apr 2021

3.0

for Salary and Benefits

Likes

Actually, I'm working off role basis around 3 years of experience. Work environment is very good, support from teammates are too good. But overall good experience for learning many things.

Dislikes

Bonus and increments are very less.

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

4.0

• posted on 03 Sep 2018

5.0

for Salary and Benefits

Likes

Excellent in Salary and appraisal but for in house career growth it is very difficult to get as HR is not so active and go through any employee review on branch or zonal politics

Dislikes

There is no evaluation proc as followed by HR for employees growth and very much Bm/RM oriented operations in branch level working

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Salary Discussions, Hike & Promotions

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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LG Electronics new Product Development Engineer Salary FAQs

What is the salary of new Product Development Engineer at LG Electronics?

new Product Development Engineer salary at LG Electronics in India ranges between ₹7.2 Lakhs to ₹15.8 Lakhs for experience between 3 years to 5 years. According to our estimates it is 168% more than the average new Product Development Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of LG Electronics India.

How does the salary of a new Product Development Engineer at LG Electronics India compare with the average salary range for this job?

The average salary of a new Product Development Engineer at LG Electronics is 168% more than the average salary of a new Product Development Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than LG Electronics to a new Product Development Engineer in India?

Signify new Product Development Engineer Salary - ₹10.0 Lakhs to ₹14.5 Lakhs per year
Bajaj Electricals new Product Development Engineer Salary - ₹12.1 Lakhs to ₹13.6 Lakhs per year

What is the salary of a new Product Development Engineer in companies similar to LG Electronics in India?

Vivo new Product Development Engineer Salary - ₹3.8 Lakhs to ₹6.4 Lakhs per year
Whirlpool new Product Development Engineer Salary - ₹2.0 Lakhs to ₹7.8 Lakhs per year
Daikin new Product Development Engineer Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
Haier Appliances India new Product Development Engineer Salary - ₹3.5 Lakhs to ₹4.0 Lakhs per year

What is the estimated take home salary of a new Product Development Engineer at LG Electronics in India?

The estimated take-home salary of a new Product Development Engineer at LG Electronics ranges between ₹76,108 per month to ₹78,080 per month in India. The take-home salary calculation is based on the average LG Electronics new Product Development Engineer salary in India which ranges between ₹7.2 Lakhs to ₹15.8 Lakhs per year for employees with experience between 3 years to 5 years. Check how did we calculate take home salary?

What is the notice period for new Product Development Engineer at LG Electronics?

According to AmbitionBox, 100% of the LG Electronics new Product Development Engineers reported a notice period of 2 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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LG Electronics new Product Development Engineer Salaries

LG Electronics new Product Development Engineer salary in India ranges between ₹7.2 Lakhs to ₹15.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 LG Electronics latest salaries received from various employees of LG Electronics.