Magna International Assistant Manager Materials Salaries by 4 Employees (Updated 2024)

10 - 14 years exp.

₹12.5 Lakhs - ₹23 Lakhs

Low Confidence

Salary of majority employees

89% more than the average Assistant Manager Materials Salary in Auto Components Companies for 10 - 14 years of experience

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Last Updated: 28 Oct 2023

Companies similar to Magna International for Assistant Manager Materials

Company name	Avg Annual Salary	Open Jobs
ZF Steering Gear Assistant Manager Materials Salary 4 - 7 years exp. (3 salaries)	₹9.5 L/yr - ₹13.3 L/yr 34% less
Tata Projects Assistant Manager Materials Salary 16 - 27 years exp. (21 salaries)	₹6.5 L/yr - ₹12.2 L/yr 42% less
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Godrej & Boyce Manufacturing Assistant Manager Materials Salary 0 - 10 years exp. (16 salaries)	₹4.6 L/yr - ₹10 L/yr 58% less
UltraTech Cement Assistant Manager Materials Salary 11 - 22 years exp. (12 salaries)	₹7.5 L/yr - ₹15 L/yr 27% less
Nagarjuna Construction Company Assistant Manager Materials Salary 5 - 15 years exp. (11 salaries)	₹5 L/yr - ₹7.5 L/yr 61% less

Assistant Manager Materials salary at Magna International ranges between ₹12.5 Lakhs to ₹23 Lakhs per year for employees with experience between 10 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Magna International.

Experience wise Magna International Assistant Manager Materials salaries

Last Updated: 28 Oct 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹12.5 L/yr
12 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹12.5 L/yr
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13 years (AmbitionBox Estimate)	₹17.8 L/yr - ₹17.8 L/yr
14 years (AmbitionBox Estimate)	₹23 L/yr - ₹23 L/yr

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Salary related reviews for Magna International

Senior Engineer- Maintenance in Talegaon Dabhade

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 10 Sep 2022

1.0

for Salary and Benefits

Likes

Work- Personal life can be balanced. Fixed duty hours. Supportive superiors. On time salary. Transportation and canteen facilities are free.

Dislikes

Salary packages are not as per skills and experience. Very low salary packages as a mnc and also compair to other mnc. Salary structure is not good.

Stamping Simulation Engineer (Process Engineer) in Pune

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 30 Jan 2024

2.0

for Salary and Benefits

Likes

Learning curve was very good at magna, there is lot of opportunities to learn and improve your skill.

Dislikes

Salary is very less competitive, I used to get less than market value I guess. Work is culture is not so good, observed partially, favorism and retaliation from the manager. Hard work is not appreciated and recognized.

Senior Test Lead in Pune

Full Time

Engineering - Software & QA Department

1.0

• posted on 21 Nov 2021

1.0

for Salary and Benefits

Likes

Change in management is bringing visteon friends only.No internal growth. New joiner will be made fool with high joining salary and then as the years go by there will be no increament given.This management is know for twisting and moulding the rules.

Dislikes

Everything.no growth or oppurtunity.No increments.

Design Engineer in Pune

Full Time

Research & Development Department

5.0

• posted on 18 Jun 2020

2.0

for Salary and Benefits

Likes

Till lockdown magna provided complete salary and support.

Dislikes

Unfortunately I lost job in this corona crisis. They provided complete assistance to onrolll employees but not for all contract people. So all they lost there job.

Technical Lead - ISTQB Certified Automotive SW Test Specialist : SW VERIFICATION in Pune

Full Time

Engineering - Software & QA Department

5.0

• posted on 06 Sep 2023

5.0

for Salary and Benefits

Likes

1) good leadership 2) great opportunities 3) yearly bonus & increments 4) hybrid work model 5) Will get chance to work on latest ADAS projects

Dislikes

1) less on site opportunities 2) work life balance is difficult 3)very less trainings

see more salary related reviews

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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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Magna International Assistant Manager Materials Salary FAQs

What is the salary of Assistant Manager Materials at Magna International?

Assistant Manager Materials salary at Magna International in India ranges between ₹12.5 Lakhs to ₹23.0 Lakhs for experience between 10 years to 14 years. According to our estimates it is 89% more than the average Assistant Manager Materials Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magna International India.

How does the salary of a Assistant Manager Materials at Magna International India compare with the average salary range for this job?

The average salary of a Assistant Manager Materials at Magna International is 89% more than the average salary of a Assistant Manager Materials in India. To know exact salary insights, login to view.

What is the salary of a Assistant Manager Materials in companies similar to Magna International in India?

UltraTech Cement Assistant Manager Materials Salary - ₹7.5 Lakhs to ₹15.0 Lakhs per year
ZF Steering Gear Assistant Manager Materials Salary - ₹9.5 Lakhs to ₹13.3 Lakhs per year
Tata Projects Assistant Manager Materials Salary - ₹6.5 Lakhs to ₹12.2 Lakhs per year
Godrej & Boyce Manufacturing Assistant Manager Materials Salary - ₹4.6 Lakhs to ₹10.0 Lakhs per year
Nagarjuna Construction Company Assistant Manager Materials Salary - ₹5.0 Lakhs to ₹7.5 Lakhs per year

What is the estimated take home salary of a Assistant Manager Materials at Magna International in India?

The estimated take-home salary of a Assistant Manager Materials at Magna International ranges between ₹1,11,946 per month to ₹1,15,054 per month in India. The take-home salary calculation is based on the average Magna International Assistant Manager Materials salary in India which ranges between ₹12.5 Lakhs to ₹23.0 Lakhs per year for employees with experience between 10 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Assistant Manager Materials at Magna International?

According to AmbitionBox, 100% of the Magna International Assistant Manager Materialss reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Magna International Assistant Manager Materials Salaries

Magna International Assistant Manager Materials salary in India ranges between ₹12.5 Lakhs to ₹23 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magna International latest salaries received from various employees of Magna International.