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Magna International

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3.9

based on 705 Reviews

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Magna International Design and Product Development Engineer salaries in India

Annual salary range
4 - 5 years exp.
₹6.1 Lakhs - ₹7.8 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary (AmbitionBox Estimate)
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This is an estimate of the average salary for this position. The actual salary may differ.
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Monthly In-hand Salary

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Last Updated: 15 Mar 2023

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Design and Product Development Engineer salary at Magna International ranges between ₹6.1 Lakhs to ₹7.8 Lakhs per year for employees with experience between 4 years to 5 years. Salary estimates are based on 2 latest salaries received from various employees of Magna International.

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Salary related reviews for Magna International

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.

  • Skill development - Excellent
    • +3 more

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.

read more
  • Salary - Poor

Design Engineer in Om Chambers, Bhosari, Pune

Research & Development Department

1.0
  •  posted on 18 May 2022
1.0
 for  Salary and Benefits

Likes

Nothing. Just you get your salary on time.

Dislikes

No job security. No standards they follow. Zero authority they have on their work. it is same as working in a service industry. Huge team politics issue, one person controls everyone. If you are among his favourite people you get everything otherwise no matter how much you work you will get nothing. Most of people in Magna work on saturday also even though it is weekly off. Managers force you to work on weekends. If you want training then you have to invest your personal time that is on saturdays. Means you are wasting your personal time for company benefits.

read more
  • Salary - Bad
    • +6 more

Quality Engineer in Talegaon Dabhade

Production, Manufacturing & Engineering Department

3.0
  •  posted on 02 Nov 2022
3.0
 for  Salary and Benefits

Likes

I like because its first opportunity to learn something its was my hope

Dislikes

My dislike reason is: First salary problem my job on 2 year contact base so no pay on date miss Overtime pay our contact hr alway stay to us all bsa employees first shift every wednesday of all week for formality 3to5 no bus required Second is not good behaviour of parmanent staff Our bsa hr and company staff say to some bsa employees including me you all come sunday for extra skill of learning about robot But we all sunday clean robot

read more
  • Skill development - Bad
    • +4 more

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.

read more
  • Skill development - Excellent
    • +2 more

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.

read more
  • Salary - Bad
    • +1 more

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.

  • Skill development - Good
    • +3 more

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.

read more
  • Salary - Poor
    • +2 more
see more salary related reviews

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2w (edited)
peacemaker
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·
works at
Georgia-Pacific
New offer. Confused.
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 International Design and Product Development Engineer Salary FAQs

How the salary growth look like for a Design and Product Development Engineer at Magna International in India?
The salary growth for a Design and Product Development Engineer at Magna International depends on factors such as experience, performance, and promotions. On average, a Design and Product Development Engineer can expect the following growth trajectory at Magna International:

Experience Average Salary Range
4 years ₹5.4 Lakhs to ₹6.9 Lakhs per year
5 years ₹6.8 Lakhs to ₹8.7 Lakhs per year
and so on.

Tell us how to improve this page.

Magna International Design and Product Development Engineer salary in India ranges between ₹6.1 Lakhs to ₹7.8 Lakhs. This is an estimate based on latest salaries received from employees of Magna International.