Mag Solvics Coimbatore Design Engineer Salaries by 7 Employees (Updated 2024)

1 - 4 years exp.

₹1.9 Lakh - ₹3 Lakhs

Salary of majority employees

52% less than the average Design Engineer Salary for 1 - 4 years of experience

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Last Updated: 3 Aug 2024

Companies similar to Mag Solvics for Design Engineer in Coimbatore

Mag Solvics Design Engineer Salary

1 - 4 years exp. (7 salaries)

₹1.9 L/yr - ₹3 L/yr

Company name	Avg Annual Salary	Open Jobs
HCLTech Design Engineer Salary 1 - 6 years exp. (29 salaries)	₹2.6 L/yr - ₹8 L/yr 149% more	1 job opening
Caresoft Global Design Engineer Salary 1 - 6 years exp. (200 salaries)	₹2.1 L/yr - ₹6 L/yr 68% more
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Lakshmi Machine Works Design Engineer Salary 1 - 7 years exp. (85 salaries)	₹2 L/yr - ₹7.9 L/yr 132% more
Hirotec Design Engineer Salary 1 - 7 years exp. (78 salaries)	₹2.5 L/yr - ₹8.3 L/yr 117% more
Shanthi Gears Design Engineer Salary 1 - 4 years exp. (65 salaries)	₹1.8 L/yr - ₹3.8 L/yr 9% more

Design Engineer salary at Mag Solvics ranges between ₹1.9 Lakh to ₹3 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 7 latest salaries received from various employees of Mag Solvics.

Experience wise Mag Solvics Design Engineer salaries in Coimbatore

Last Updated: 3 Aug 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.5 L/yr
2 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.3 L/yr
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3 years (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr

Similar Designation salaries in Mag Solvics

Deputy Manager Salary

(5 salaries)

₹2.6 L/yr - ₹2.8 L/yr

Senior Design Engineer Salary

(5 salaries)

₹2.8 L/yr - ₹3.6 L/yr

Junior Engineer Salary

(3 salaries)

₹1.1 L/yr - ₹2 L/yr

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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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Mag Solvics Design Engineer Salary FAQs

What is the salary of Design Engineer at Mag Solvics Coimbatore?

Design Engineer salary at Mag Solvics in Coimbatore ranges between ₹1.9 Lakhs to ₹3.0 Lakhs for experience between 1 years to 4 years. According to our estimates it is 52% less than the average Design Engineer Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Mag Solvics Coimbatore.

How does the salary of a Design Engineer at Mag Solvics Coimbatore compare with the average salary range for this job?

The average salary of a Design Engineer at Mag Solvics is 52% less than the average salary of a Design Engineer in Coimbatore. To know exact salary insights, login to view.

Which similar companies are paying more than Mag Solvics to a Design Engineer in Coimbatore?

HCLTech Design Engineer Salary - ₹2.6 Lakhs to ₹8.0 Lakhs per year
Lakshmi Machine Works Design Engineer Salary - ₹2.0 Lakhs to ₹7.9 Lakhs per year
Hirotec Design Engineer Salary - ₹2.5 Lakhs to ₹8.3 Lakhs per year
Caresoft Global Design Engineer Salary - ₹2.1 Lakhs to ₹6.0 Lakhs per year
Shanthi Gears Design Engineer Salary - ₹1.8 Lakhs to ₹3.8 Lakhs per year

What is the estimated take home salary of a Design Engineer at Mag Solvics in Coimbatore?

The estimated take-home salary of a Design Engineer at Mag Solvics ranges between ₹16,482 per month to ₹18,178 per month in Coimbatore. The take-home salary calculation is based on the average Mag Solvics Design Engineer salary in India which ranges between ₹1.9 Lakhs to ₹3.0 Lakhs per year for employees with experience between 1 years to 4 years. Check how did we calculate take home salary?

What is the notice period for Design Engineer at Mag Solvics in Coimbatore?

According to AmbitionBox, 67% of the Mag Solvics Design Engineers in Coimbatore reported a notice period of 1 Month, 33% reported a notice period of 2 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Mag Solvics Design Engineer Salaries in Coimbatore

Mag Solvics Design Engineer salary in Coimbatore ranges between ₹1.9 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Mag Solvics latest salaries received from various employees of Mag Solvics.