Magha Engineers new Product Development Engineer Salaries by 3 Employees (Updated 2024)

9 - 11 years exp.

₹6 Lakhs - ₹8 Lakhs

Low Confidence

Salary of majority employees

68% more than the average new Product Development Engineer Salary for 9 - 11 years of experience

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Salaries in different departments

Quality Assurance new Product Development Engineer Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr
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Sales & Business Development new Product Development Engineer Salary 11 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹8.8 L/yr

Last Updated: 9 Mar 2024

Companies similar to Magha Engineers for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
TCS new Product Development Engineer Salary 0 - 8 years exp. (11 salaries)	₹3.4 L/yr - ₹7.6 L/yr 24% less
HCLTech new Product Development Engineer Salary 0 - 15 years exp. (5 salaries)	₹5 L/yr - ₹13.1 L/yr 37% more
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Tech Mahindra new Product Development Engineer Salary 4 - 6 years exp. (4 salaries)	₹4 L/yr - ₹7 L/yr 9% less
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (73 salaries)	₹2.7 L/yr - ₹5.7 L/yr 41% less
L.G.Balakrishnan & Bros new Product Development Engineer Salary 0 - 8 years exp. (44 salaries)	₹1.7 L/yr - ₹4.7 L/yr 51% less

new Product Development Engineer salary at Magha Engineers ranges between ₹6 Lakhs to ₹8 Lakhs per year for employees with experience between 9 years to 11 years. Salary estimates are based on 3 latest salaries received from various employees of Magha Engineers.

Experience wise Magha Engineers new Product Development Engineer salaries

Last Updated: 9 Mar 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
10 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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11 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr

Similar Designation salaries in Magha Engineers

Production Engineer Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Design Engineer Salary

(AmbitionBox Estimate)

₹5.2 L/yr - ₹6.7 L/yr

Quality Engineer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 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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Magha Engineers new Product Development Engineer Salary FAQs

What is the notice period for new Product Development Engineer at Magha Engineers?

According to AmbitionBox, 50% of the Magha Engineers new Product Development Engineers reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Magha Engineers new Product Development Engineer Salaries

Magha Engineers new Product Development Engineer salary in India ranges between ₹6 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magha Engineers latest salaries received from various employees of Magha Engineers.