Magna Electro Castings Software Development Engineer Salaries by 2 Employees

3 - 5 years exp.

₹3.2 Lakhs - ₹4.2 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 16 Aug 2024

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Software Development Engineer salary at Magna Electro Castings ranges between ₹3.2 Lakhs to ₹4.2 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 2 latest salaries received from various employees of Magna Electro Castings.

Similar Designation salaries in Magna Electro Castings

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Salary related reviews for Magna Electro Castings

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 Software Development Engineer Salary FAQs

How the salary growth look like for a Software Development Engineer at Magna Electro Castings in India?

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

Experience	Average Salary Range
3 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
5 years	₹3.8 Lakhs to ₹4.9 Lakhs per year

and so on.

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Magna Electro Castings Software Development Engineer Salaries

Magna Electro Castings Software Development Engineer salary in India ranges between ₹3.2 Lakhs to ₹4.2 Lakhs. This is an estimate based on latest salaries received from employees of Magna Electro Castings.