Magik Lights Management Trainee Salaries by 4 Employees

0 - 4 years exp.

₹4 Lakhs - ₹6.5 Lakhs

Salary of majority employees

Fixed (83%)

₹3.8 Lakhs

Variable (17%)

₹0.8 Lakh

37% less than the average Management Trainee Salary in Consumer Electronics & Appliances Companies for 0 - 4 years of experience

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Last Updated: 10 Sep 2023

Companies similar to Magik Lights for Management Trainee

Company name	Avg Annual Salary	Open Jobs
Reliance Retail Management Trainee Salary 0 - 3 years exp. (206 salaries)	₹3 L/yr - ₹12 L/yr 69% more
Bosch Management Trainee Salary 0 - 2 years exp. (44 salaries)	₹1 L/yr - ₹8.5 L/yr 18% more
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Zetwerk Management Trainee Salary 0 - 2 years exp. (10 salaries)	₹12 L/yr - ₹15 L/yr 217% more
Tata Group Management Trainee Salary 0 - 2 years exp. (8 salaries)	₹4.9 L/yr - ₹12 L/yr 146% more
Foxconn Management Trainee Salary 0 - 4 years exp. (7 salaries)	₹1.5 L/yr - ₹2.7 L/yr 48% less
Croma Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹3.4 L/yr - ₹6.5 L/yr 12% more
SPAR Hypermarkets Management Trainee Salary Fresher (5 salaries)	₹4.8 L/yr - ₹7 L/yr 27% more
Otis Elevator Management Trainee Salary 0 - 2 years exp. (4 salaries)	₹6.3 L/yr - ₹8 L/yr 51% more
Hidesign Management Trainee Salary Fresher (4 salaries)	₹3 L/yr - ₹4 L/yr 26% less
Bajaj Group Management Trainee Salary 0 - 4 years exp. (4 salaries)	₹12.4 L/yr - ₹18 L/yr 230% more
Mitsubishi Electric India Management Trainee Salary 0 - 1 year exp. (3 salaries)	₹5 L/yr - ₹8.5 L/yr 27% more
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TDK India Private Limited Management Trainee Salary 0 - 5 years exp. (3 salaries)	₹2.1 L/yr - ₹4.5 L/yr 23% less
Godrej Industries Management Trainee Salary 0 - 5 years exp. (3 salaries)	₹5.8 L/yr - ₹16.5 L/yr 114% more

Management Trainee salary at Magik Lights ranges between ₹4 Lakhs to ₹6.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Magik Lights.

Experience wise Magik Lights Management Trainee salaries

Last Updated: 10 Sep 2023

Experience	Avg Annual Salary
Fresher (3 salaries)	₹4 L/yr - ₹6.5 L/yr
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4 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr

Similar Designation salaries in Magik Lights

Senior Accounts Executive Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Salary related reviews for Magik Lights

Operations Manager in Howrah

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 03 Dec 2022

5.0

for Salary and Benefits

Likes

Good work culture, good salary, Job satisfaction, Timely promotion & appraisals, 👍👍

Salary - Excellent

+4 more

Dislikes

Skill development was missing, and job security was not up to the desired level, Middle Management not good and poor inter-Departmental coordination 👎

Deputy Manager Brand in Kolkata

Full Time

Marketing & Communication Department

3.0

• posted on 17 Sep 2023

4.0

for Salary and Benefits

Likes

...doing pretty well. They have a swanky office and chairman is very down to earth. Pay package is good and work life balance is good as well.

Salary - Good

+1 more

Dislikes

The owner has no focus on LED business, it's not growing so people growth is dicey in terms of skill & career development. There is no proper strategic direction of work.

Skill development - Poor

+1 more

Senior Design Engineer in Howrah

Research & Development Department

1.0

• posted on 12 Jul 2020

2.0

for Salary and Benefits

Likes

There is no support to employees for covid. There is salary cut till now and many people were forced resign. It is a dangerous company for career

Skill development - Good

+1 more

Dislikes

Job security is very bad. People are asked to resign anytime. This is very frequent for all levels from junior employees to HODs. Every year a new person holds a position.

Salary - Poor

+3 more

Branch Head in Kochi

Full Time

Sales & Business Development Department

3.0

• posted on 05 Nov 2024

3.0

for Salary and Benefits

Likes

Its a very big group of companies. Stable financial status Quality

Dislikes

Pathetic and Egoistic Senior Mangers No vision for Brand development Out dated scheme criteria No attention to the market scenario No innovative thinking as per market requirement. A traditional lighting business style Poor HR

Skill development - Bad

+4 more

Area Sales Manager in Mumbai

Sales & Business Development Department

4.0

• posted on 17 Dec 2019

4.0

for Salary and Benefits

Likes

The company excellent in faith on him employees & better service to client , best quality in production department , any claims or scheme clear time to time Company is Best for my way.

Salary - Good

+6 more

Dislikes

only for management

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Magik Lights Management Trainee Salary FAQs

What is the salary of Management Trainee at Magik Lights ?

The average salary of a Management Trainee at Magik Lights in India typically ranges from ₹4.0 Lakhs to ₹6.5 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Management Trainee at Magik Lights earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Management Trainee Salaries at Magik Lights 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 Magik Lights employees in India.

What is the estimated take home salary of a Management Trainee at Magik Lights in India?

The estimated take-home salary of a Management Trainee at Magik Lights in India typically ranges from ₹34,552 to ₹35,798 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from Fresher to 4 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 Magik Lights. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magik Lights for Management Trainee in India?

Bajaj Group	₹12.4 Lakhs to ₹18.0 Lakhs per year
Zetwerk	₹12.0 Lakhs to ₹15.0 Lakhs per year
Tata Group	₹4.9 Lakhs to ₹12.0 Lakhs per year
Godrej Industries	₹5.8 Lakhs to ₹16.5 Lakhs per year
Reliance Retail	₹3.0 Lakhs to ₹12.0 Lakhs per year

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

What is the salary of a Management Trainee in companies similar to Magik Lights in India?

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

Otis Elevator	₹6.3 Lakhs to ₹8.0 Lakhs per year
SPAR Hypermarkets	₹4.8 Lakhs to ₹7.0 Lakhs per year
Mitsubishi Electric India	₹5.0 Lakhs to ₹8.5 Lakhs per year
Bosch	₹1.0 Lakhs to ₹8.5 Lakhs per year
Croma	₹3.4 Lakhs to ₹6.5 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 Magik Lights in India?

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

Experience	Average Salary Range
Fresher	₹4.0 Lakhs to ₹6.5 Lakhs per year
4 years	₹3.6 Lakhs to ₹4.6 Lakhs per year

and so on.

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Magik Lights Management Trainee Salaries

Magik Lights Management Trainee salary in India ranges between ₹4 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magik Lights latest salaries received from various employees of Magik Lights.

Magik Lights Management Trainee salaries in India

Companies similar to Magik Lights for Management Trainee

Latest annual salaries shared by Magik Lights Management Trainee

Experience wise Magik Lights Management Trainee salaries

Similar Designation salaries in Magik Lights

Salary related reviews for Magik Lights

Operations Manager in Howrah

Deputy Manager Brand in Kolkata

Senior Design Engineer in Howrah

Branch Head in Kochi

Area Sales Manager in Mumbai

Magik Lights Management Trainee Salary FAQs

Tell us how to improve this page.