Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary33% less than the average Design Engineer Salary in Iron & Steel Companies for 1 - 11 years of experience
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Salaries in different departments
Research & Development
Design Engineer Salary
7 - 11
years
exp.
(4
salaries)
|  ₹3.5 L/yr - ₹3.6 L/yr |
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| |
Production, Manufacturing & Engineering
Design Engineer Salary
1 - 10
years
exp.
(AmbitionBox Estimate)
| ₹3.2 L/yr - ₹4 L/yr |
Companies similar to Magna Electro Castings for Design Engineer
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Electrotherm Design Engineer Salary
1 - 8 years exp. (56 salaries) | ₹2.3 L/yr - ₹8 L/yr 
24%
more | |
 Tata Steel Design Engineer Salary
0 - 7 years exp. (27 salaries) | ₹1 L/yr - ₹8.6 L/yr
20%
more | |
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| ||
 JSW Steel Design Engineer Salary
2 - 6 years exp. (9 salaries) | ₹3.2 L/yr - ₹6.3 L/yr
37%
more | |
 Salasar Techno Engineering Design Engineer Salary
3 - 6 years exp. (8 salaries) | ₹3 L/yr - ₹6.5 L/yr
36%
more | |
 Jindal Stainless Design Engineer Salary
1 - 7 years exp. (7 salaries) | ₹5.5 L/yr - ₹6.6 L/yr
69%
more | |
 Kalyani Forge Design Engineer Salary
0 - 4 years exp. (6 salaries) | ₹2 L/yr - ₹4 L/yr 
14%
less | |
 Bharat Wire Ropes Design Engineer Salary
1 - 3 years exp. (6 salaries) | ₹2.5 L/yr - ₹3.6 L/yr
19%
less | |
 NELCAST Design Engineer Salary
0 - 5 years exp. (6 salaries) | ₹1.2 L/yr - ₹4.2 L/yr
37%
less | |
 Jindal Saw Design Engineer Salary
2 - 8 years exp. (5 salaries) | ₹4.2 L/yr - ₹7.2 L/yr
52%
more | |
 Shivalik Bimetal Controls Design Engineer Salary
5 - 10 years exp. (4 salaries) | ₹2.7 L/yr - ₹5 L/yr
25%
more | |
 ESL Steel Design Engineer Salary
4 - 25 years exp. (3 salaries) | ₹3 L/yr - ₹7.7 L/yr
40%
more | |
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| ||
 Jai Balaji Group Design Engineer Salary
4 - 5 years exp. (3 salaries) | ₹2.6 L/yr - ₹4.8 L/yr At par | |
Latest annual salaries shared by Magna Electro Castings Design Engineer
Experience wise Magna Electro Castings Design Engineer salaries
Last Updated: 28 Aug 2024
| Experience | Avg Annual Salary |
|---|---|
| 1 year (AmbitionBox Estimate) |
₹3.2
L/yr
- ₹5.7
L/yr
|
| 2 years (AmbitionBox Estimate) |
₹2.9
L/yr
- ₹3.7
L/yr
|
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| |
| 3 years (AmbitionBox Estimate) |
₹2.9
L/yr
- ₹3.8
L/yr
|
| 4 years (AmbitionBox Estimate) |
₹3
L/yr
- ₹3.8
L/yr
|
| 5 years (AmbitionBox Estimate) |
₹3.1
L/yr
- ₹3.9
L/yr
|
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Magna Electro Castings Design Engineer Salary FAQs
The top 10% of Design Engineer at Magna Electro Castings earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Design Engineer Salaries at Magna Electro Castings 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 6 Magna Electro Castings employees in India.
| Jindal Stainless | ₹5.5 Lakhs to ₹6.6 Lakhs per year |
| Jindal Saw | ₹4.2 Lakhs to ₹7.2 Lakhs per year |
| ESL Steel | ₹3.0 Lakhs to ₹7.7 Lakhs per year |
| JSW Steel | ₹3.2 Lakhs to ₹6.3 Lakhs per year |
| Salasar Techno Engineering | ₹3.0 Lakhs to ₹6.5 Lakhs per year |
These companies are known for offering competitive compensation packages that can exceed the salary offered by Magna Electro Castings, depending on the role and experience level.
| Shivalik Bimetal Controls | ₹2.7 Lakhs to ₹5.0 Lakhs per year |
| Electrotherm | ₹2.3 Lakhs to ₹8.0 Lakhs per year |
| Tata Steel | ₹1.0 Lakhs to ₹8.6 Lakhs per year |
| Jai Balaji Group | ₹2.6 Lakhs to ₹4.8 Lakhs per year |
| Kalyani Forge | ₹2.0 Lakhs to ₹4.0 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.
| Experience | Average Salary Range |
|---|---|
| 1 year | ₹3.2 Lakhs to ₹5.7 Lakhs per year |
| 2 years | ₹2.9 Lakhs to ₹3.7 Lakhs per year |
| 3 years | ₹2.9 Lakhs to ₹3.8 Lakhs per year |
| 4 years | ₹3.0 Lakhs to ₹3.8 Lakhs per year |
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Magna Electro Castings Design Engineer salary
in
India
ranges between ₹3.2
Lakhs to ₹4
Lakhs with an average annual salary of
₹. Salary estimates are based on
6
Magna Electro Castings latest salaries received from various employees of
Magna Electro Castings.