Monthly In-hand Salary
39% less than the average Mechanical Engineer Salary in Iron & Steel Companies for 2 - 6 years of experience
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Experience wise Magna Electro Castings Mechanical Engineer salaries
Last Updated: 16 Mar 2023
| Experience | Avg Annual Salary |
|---|---|
| 2 years (AmbitionBox Estimate) |
₹3.2
L/yr
- ₹4.1
L/yr
|
| 5 years (AmbitionBox Estimate) |
₹3.7
L/yr
- ₹4.8
L/yr
|
Login to view exact salary
| |
| 6 years (AmbitionBox Estimate) |
₹1.6
L/yr
- ₹2.1
L/yr
|
Similar Designation salaries in Magna Electro Castings
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Magna Electro Castings Mechanical Engineer Salary FAQs
The top 10% of Mechanical Engineer at Magna Electro Castings earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. Mechanical 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 4 Magna Electro Castings employees in India.
| ESL Steel | ₹3.6 Lakhs to ₹9.0 Lakhs per year |
| JSW Steel | ₹1.7 Lakhs to ₹9.8 Lakhs per year |
| Steel Authority Of India | ₹2.1 Lakhs to ₹9.8 Lakhs per year |
| Jindal Stainless | ₹2.5 Lakhs to ₹8.0 Lakhs per year |
| Vardhman Special Steels | ₹3.0 Lakhs to ₹6.8 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.
| Tata Steel | ₹1.4 Lakhs to ₹9.4 Lakhs per year |
| Jindal Saw | ₹2.0 Lakhs to ₹8.5 Lakhs per year |
| Electrotherm | ₹1.8 Lakhs to ₹4.8 Lakhs per year |
| NELCAST | ₹2.0 Lakhs to ₹4.3 Lakhs per year |
| Jai Balaji Group | ₹1.8 Lakhs to ₹6.1 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 |
|---|---|
| 2 years | ₹3.2 Lakhs to ₹4.1 Lakhs per year |
| 5 years | ₹3.7 Lakhs to ₹4.8 Lakhs per year |
| 6 years | ₹1.6 Lakhs to ₹2.1 Lakhs per year |
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Magna Electro Castings Mechanical Engineer salary
in
India
ranges between ₹1.5
Lakh to ₹4.2
Lakhs with an average annual salary of
₹
. Salary estimates are based on
4
Magna Electro Castings latest salaries received from various employees of
Magna Electro Castings.