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Magna International

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3.9

based on 703 Reviews

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Magna International Design Engineer salaries in Chennai

Annual salary range
2 - 4 years exp.
₹3.6 Lakhs - ₹11.6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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47% more than the average Design Engineer Salary in Auto Components Companies for 2 - 4 years of experience

Interested in this particular role? 2 job openings

Last Updated: 13 Jun 2023

Companies similar to Magna International for Design Engineer in Chennai

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Magna International Design Engineer Salary

2 - 4 years exp. (5 salaries)
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₹3.6 L/yr - ₹11.6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Valeo Design Engineer Salary

1 - 8 years exp. (193 salaries)
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₹4.1 L/yr - ₹12.5 L/yr

arrow icon 1% more
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Yazaki Design Engineer Salary

1 - 6 years exp. (39 salaries)
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₹1.8 L/yr - ₹6 L/yr

arrow icon 45% less
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Bosch Design Engineer Salary

1 - 7 years exp. (11 salaries)
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₹2.2 L/yr - ₹7.6 L/yr

arrow icon 25% less
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Amara Raja Group Design Engineer Salary

0 - 10 years exp. (6 salaries)
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₹3.5 L/yr - ₹11 L/yr

arrow icon 16% less
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ZF Friedrichshafen Design Engineer Salary

3 - 8 years exp. (4 salaries)
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₹5 L/yr - ₹10 L/yr

arrow icon 4% less
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Michelin Design Engineer Salary

5 - 6 years exp. (3 salaries)
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₹8.7 L/yr - ₹14.7 L/yr

arrow icon 10% more
Design Engineer salary at Magna International ranges between ₹3.6 Lakhs to ₹11.6 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 5 latest salaries received from various employees of Magna International.

Latest annual salaries shared by Magna International Design Engineer in Chennai

1y ago
₹6 Lakhs
3 years exp.

Experience wise Magna International Design Engineer salaries in Chennai

Last Updated: 13 Jun 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹4.9 L/yr - ₹6.3 L/yr
3 years  (3 salaries)

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₹4 L/yr - ₹12.1 L/yr
4 years (AmbitionBox Estimate)

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₹7.1 L/yr - ₹9.1 L/yr
Magna International Design Engineer Salary and Career Growth

From

To

Design Engineer

₹unlock blur Lakhs/yr

1 - 7 years exp.

Lead Design Engineer

₹unlock blur Lakhs/yr

8 - 14 years exp.

Design Engineer 1 - 7 years exp.
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Senior Design Engineer 3 - 10 years exp.
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arrow icon 44% hike
    Lead Design Engineer 8 - 14 years exp.
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    arrow icon 34% hike
    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Similar Designation salaries in Magna International

    Senior Engineer Salary
    (18 salaries)
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    ₹5.25 L/yr - ₹11.63 L/yr
    Junior Engineer Salary
    (16 salaries)
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    ₹2 L/yr - ₹4.25 L/yr
    Assistant Engineer Salary
    (7 salaries)
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    ₹2 L/yr - ₹3.5 L/yr
    Senior Design Engineer Salary
    (5 salaries)
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    ₹4.75 L/yr - ₹14.6 L/yr
    Process Engineer Salary
    (3 salaries)
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    ₹2.51 L/yr - ₹7 L/yr

    Top skills at Magna International for Design Engineer

    Powertrain CATIA Automotive Engineering PLM Teamcenter Process Simulation PCB Layout Quality Check Prototype Design development Concept Design Simulation PLM MS Office PFMEA Automotive

    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

    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

    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.

    read more

    Dislikes

    Everything.no growth or oppurtunity.No increments.

    • Salary - Bad
      • +6 more
    see more salary related reviews

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    Top trending discussions

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    Salary Discussions, Hike & Promotions
    2w (edited)
    peacemaker
    Verified Icon
    ·
    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 Engineer Salary FAQs

    What is the salary of Design Engineer at Magna International in Chennai?
    The average salary of a Design Engineer at Magna International in Chennai typically ranges from ₹3.6 Lakhs to ₹11.6 Lakhs per year, depending on experience (from 2 years to 4 years).

    The top 10% of Design Engineer in Chennai at Magna International earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Design Engineer Salaries at Magna International 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 5 Magna International employees in India.
    What is the estimated take home salary of a Design Engineer at Magna International in Chennai?
    The estimated take-home salary of a Design Engineer at Magna International in Chennai typically ranges from ₹58,568 to ₹60,044 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹11.6 Lakhs per year for employees with experience ranging from 2 years to 4 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 5 salaries received from various employees of Magna International. Check how we calculate in-hand salary with our in-hand salary calculator.
    What are the key skills required to be a Design Engineer at Magna International in Chennai?
    To be a Design Engineer at Magna International in Chennai, the key skills required include:

    • - Powertrain
    • - CATIA
    • - Automotive Engineering
    • - PLM Teamcenter
    • - Process Simulation

    These skills are highly valued at Magna International and are crucial for successful performance in a Software Engineering role.
    Which companies offer higher salaries than Magna International for Design Engineer in India?
    Michelin ₹8.7 Lakhs to ₹14.7 Lakhs per year
    Valeo ₹4.1 Lakhs to ₹12.5 Lakhs per year

    These companies are known for offering competitive compensation packages that can exceed the salary offered by Magna International, depending on the role and experience level.
    What is the salary of a Design Engineer in companies similar to Magna International in Chennai?
    The salary of a Design Engineer at companies similar to Magna International in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    ZF Friedrichshafen ₹5.0 Lakhs to ₹10.0 Lakhs per year
    Amara Raja Group ₹3.5 Lakhs to ₹11.0 Lakhs per year
    Bosch ₹2.2 Lakhs to ₹7.6 Lakhs per year
    Yazaki ₹1.8 Lakhs to ₹6.0 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 Design Engineer at Magna International in Chennai?
    The salary growth for a Design Engineer at Magna International in Chennai depends on factors such as experience, performance, and promotions. On average, a Design Engineer in Chennai can expect the following growth trajectory at Magna International:

    Experience Average Salary Range
    2 years ₹4.9 Lakhs to ₹6.3 Lakhs per year
    3 years ₹4.0 Lakhs to ₹12.1 Lakhs per year
    4 years ₹7.1 Lakhs to ₹9.1 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Magna International Design Engineer salary in Chennai ranges between ₹3.6 Lakhs to ₹11.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Magna International latest salaries received from various employees of Magna International.