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4.1

based on 42 Reviews

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Pollachi
Production, Manufacturing & Engineering

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Magna Electro Castings Production, Manufacturing & Engineering Department Salaries in Pollachi

based on 4 latest salaries
Designation Avg Annual Salary Open Jobs

Production Engineer

2 - 3 years exp. · Pollachi (AmbitionBox Estimate)
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₹1.6 L/yr - ₹2.7 L/yr

VMC Setter

8 years exp. · Pollachi (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

CNC Programmer cum Setter

6 years exp. · Pollachi (AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr

Last Updated: 27 Apr, 2024

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Salary Discussions, Hike & Promotions
2w
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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Salary related reviews for Magna Electro Castings

2.4

Rated by 4 employees for salary & benefits

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

read 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

read more

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.

read more

Dislikes

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

see more salary related reviews

Magna Electro Castings interview questions by designations

Security Officer (1)Manager Quality Assurance (1)Team Manager (1)
View all 3 interview experiences

Know more about Magna Electro Castings Pollachi

More about working at Magna Electro Castings

Magna Electro Castings Salary FAQs

How much does Magna Electro Castings pay per year?
The average Magna Electro Castings salary ranges from approximately ₹1.8 Lakh to ₹3.2 Lakhs per year for a Product Development Engineer and ₹12 Lakhs to ₹15 Lakhs per year for a Manager. Salary estimates are based on 4 Magna Electro Castings salaries received from various employees of Magna Electro Castings. Magna Electro Castings employees rate the overall salary and benefits package 2.4/5 stars.
What is the highest salary in Magna Electro Castings?
The highest-paying job at Magna Electro Castings is a Manager with a salary of ₹12 Lakhs to ₹15 Lakhs per year. The top 10% of employees earn more than ₹10.80 lakhs per year. The top 1% earn more than a whopping ₹25.01 lakhs per year.
What is the minimum salary in Magna Electro Castings?
Minimum salary at Magna Electro Castings depends on the role you are applying for. For new Product Development Engineer the minimum salary is ₹1.5 Lakh to ₹4 Lakhs per year, and for Production Engineer the minimum salary is ₹1.6 Lakh to ₹3.6 Lakhs per year and so on.
What is the notice period at Magna Electro Castings in Production, Manufacturing & Engineering Department in Pollachi?
According to AmbitionBox, 50% of the Magna Electro Castings employees in Production, Manufacturing & Engineering Department in Pollachi 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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Average annual salary in Production, Manufacturing & Engineering department at Magna Electro Castings , Pollachi is INRunlock blur . Salary estimates are based on 4 Magna Electro Castings latest salaries received from various employees of Magna Electro Castings.

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