Magna Electro Castings Planning Engineer Salaries by 4 Employees

3 - 10 years exp.

₹2 Lakhs - ₹5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

47% less than the average Planning Engineer Salary in Iron & Steel Companies for 3 - 10 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Planning Engineer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
Sales & Business Development Planning Engineer Salary 10 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr
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Research & Development Planning Engineer Salary 4 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 18 Nov 2023

Companies similar to Magna Electro Castings for Planning Engineer

Company name	Avg Annual Salary	Open Jobs
JSW Steel Planning Engineer Salary 1 - 7 years exp. (15 salaries)	₹3.1 L/yr - ₹6 L/yr 26% more
Bharat Wire Ropes Planning Engineer Salary 1 - 5 years exp. (6 salaries)	₹2.2 L/yr - ₹4.2 L/yr 11% less
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Electrotherm Planning Engineer Salary 2 - 7 years exp. (6 salaries)	₹3 L/yr - ₹6 L/yr 10% more
Salasar Techno Engineering Planning Engineer Salary 4 - 5 years exp. (3 salaries)	₹4.2 L/yr - ₹7 L/yr 45% more
Steel Authority Of India Planning Engineer Salary 10 - 17 years exp. (3 salaries)	₹4.2 L/yr - ₹30 L/yr 277% more

Planning Engineer salary at Magna Electro Castings ranges between ₹2 Lakhs to ₹5 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Magna Electro Castings.

Experience wise Magna Electro Castings Planning Engineer salaries

Last Updated: 18 Nov 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
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10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr

Similar Designation salaries in Magna Electro Castings

Senior Engineer Salary

(18 salaries)

₹3.1 L/yr - ₹7.8 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

₹1.7 L/yr - ₹2.2 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Deputy Manager Salary

(3 salaries)

₹5.6 L/yr - ₹9.3 L/yr

Salary related reviews for Magna Electro Castings

5.0

Rated by 1 employees for salary & benefits

Senior Engineer in Coimbatore

Quality Assurance Department

4.0

• posted on 11 Nov 2021

4.0

for Salary and Benefits

Likes

Will get salary on time of every month. Covid precautions found satisfactory. Self learning opportunities more.

Salary - Good

+1 more

Dislikes

Very less promosions for long working people. Should identify skills required for the people and should promoted.

Promotions - Poor

Assistant Manager Foundry Production in Coimbatore

Production, Manufacturing & Engineering Department

4.0

• posted on 13 Mar 2021

4.0

for Salary and Benefits

Likes

Good work environment, company policies are good, appraisal are fare, they give good salary and bonus every year

Salary - Good

+3 more

Dislikes

There is a lot pressure in work, always atten meeting in our working hours can't work in on the job issues, every day work more than 10 hours

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Magna Electro Castings Planning Engineer Salary FAQs

What is the salary of Planning Engineer at Magna Electro Castings ?

The average salary of a Planning Engineer at Magna Electro Castings in India typically ranges from ₹2.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 3 years to 10 years).

The top 10% of Planning Engineer at Magna Electro Castings earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Planning 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.

What is the estimated take home salary of a Planning Engineer at Magna Electro Castings in India?

The estimated take-home salary of a Planning Engineer at Magna Electro Castings in India typically ranges from ₹25,916 to ₹27,341 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 3 years to 10 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 Magna Electro Castings. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magna Electro Castings for Planning Engineer in India?

Steel Authority Of India	₹4.2 Lakhs to ₹30.0 Lakhs per year
Salasar Techno Engineering	₹4.2 Lakhs to ₹7.0 Lakhs per year
JSW Steel	₹3.1 Lakhs to ₹6.0 Lakhs per year
Electrotherm	₹3.0 Lakhs to ₹6.0 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.

What is the salary of a Planning Engineer in companies similar to Magna Electro Castings in India?

The salary of a Planning Engineer at companies similar to Magna Electro Castings in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bharat Wire Ropes

₹2.2 Lakhs to ₹4.2 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 Planning Engineer at Magna Electro Castings in India?

The salary growth for a Planning Engineer at Magna Electro Castings depends on factors such as experience, performance, and promotions. On average, a Planning Engineer can expect the following growth trajectory at Magna Electro Castings:

Experience	Average Salary Range
3 years	₹3.2 Lakhs to ₹4.1 Lakhs per year
4 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
10 years	₹4.5 Lakhs to ₹5.8 Lakhs per year

and so on.

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Magna Electro Castings Planning Engineer Salaries

Magna Electro Castings Planning Engineer salary in India ranges between ₹2 Lakhs to ₹5 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.