Magna International Engineering Manager Salaries by 4 Employees (Updated 2024)

18 - 21 years exp.

₹27 Lakhs - ₹60 Lakhs

Low Confidence

Salary of majority employees

At par with the average Engineering Manager Salary in Auto Components Companies for 18 - 21 years of experience

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Salaries in different departments

Project & Program Management Engineering Manager Salary 18 - 19 years exp. (AmbitionBox Estimate)	₹38.9 L/yr - ₹60 L/yr
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Research & Development Engineering Manager Salary 20 - 21 years exp. (AmbitionBox Estimate)	₹27 L/yr - ₹36.7 L/yr

Last Updated: 24 Oct 2024

Companies similar to Magna International for Engineering Manager

Company name	Avg Annual Salary	Open Jobs
Tata Motors Engineering Manager Salary 2 - 16 years exp. (17 salaries)	₹8.9 L/yr - ₹24.2 L/yr 60% less
Mahindra & Mahindra Engineering Manager Salary 7 - 20 years exp. (13 salaries)	₹11 L/yr - ₹25 L/yr 48% less
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TVS Motor Engineering Manager Salary 4 - 17 years exp. (5 salaries)	₹6 L/yr - ₹23 L/yr 61% less
Hero MotoCorp Engineering Manager Salary 2 - 9 years exp. (7 salaries)	₹5.8 L/yr - ₹22 L/yr 65% less
Maruti Suzuki Engineering Manager Salary 1 - 11 years exp. (9 salaries)	₹10.9 L/yr - ₹25 L/yr 62% less
Bajaj Auto Engineering Manager Salary 7 - 14 years exp. (8 salaries)	₹15 L/yr - ₹32 L/yr 48% less
Force Motors Engineering Manager Salary 1 - 15 years exp. (29 salaries)	₹6.5 L/yr - ₹11.5 L/yr 75% less
Lear Corporation Engineering Manager Salary 15 - 20 years exp. (27 salaries)	₹19 L/yr - ₹37 L/yr 19% less
Bosch Engineering Manager Salary 10 - 25 years exp. (27 salaries)	₹18.9 L/yr - ₹45 L/yr 13% less
Aptiv Engineering Manager Salary 13 - 20 years exp. (31 salaries)	₹22 L/yr - ₹70 L/yr 14% more
Aptiv Components India Private Engineering Manager Salary 10 - 17 years exp. (8 salaries)	₹28.4 L/yr - ₹43 L/yr 1% less
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Yokogawa Engineering Manager Salary 12 - 19 years exp. (7 salaries)	₹14 L/yr - ₹25.4 L/yr 48% less
Continental Automotive Components Engineering Manager Salary 13 - 18 years exp. (6 salaries)	₹28.5 L/yr - ₹43.8 L/yr 1% more
Michelin Engineering Manager Salary 8 - 11 years exp. (5 salaries)	₹10 L/yr - ₹27.9 L/yr 49% less
Goodyear Engineering Manager Salary 10 - 18 years exp. (5 salaries)	₹14.7 L/yr - ₹38 L/yr 32% less
Faurecia Engineering Manager Salary 13 - 18 years exp. (5 salaries)	₹19.5 L/yr - ₹24.3 L/yr 42% less
Continental Engineering Manager Salary 12 - 19 years exp. (4 salaries)	₹11 L/yr - ₹45 L/yr 25% less
ZF Steering Gear Engineering Manager Salary 14 - 18 years exp. (3 salaries)	₹29.1 L/yr - ₹35 L/yr 13% less
DENSO Engineering Manager Salary 5 - 13 years exp. (3 salaries)	₹9.7 L/yr - ₹22 L/yr 54% less
Autoliv Engineering Manager Salary 0 - 22 years exp. (3 salaries)	₹10 L/yr - ₹25 L/yr 47% less

Engineering Manager salary at Magna International ranges between ₹27 Lakhs to ₹60 Lakhs per year for employees with experience between 18 years to 21 years. Salary estimates are based on 4 latest salaries received from various employees of Magna International.

Experience wise Magna International Engineering Manager salaries

Last Updated: 24 Oct 2024

Experience	Avg Annual Salary
15+ years (4 salaries)	₹27 L/yr - ₹60 L/yr
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Similar Designation salaries in Magna International

Senior Engineering Manager Salary

(AmbitionBox Estimate)

₹29.7 L/yr - ₹37.9 L/yr

Program Manager Salary

(12 salaries)

₹4.84 L/yr - ₹21.04 L/yr

Project Manager Salary

(8 salaries)

₹12 L/yr - ₹30 L/yr

Technical Manager Salary

(AmbitionBox Estimate)

₹27.9 L/yr - ₹35.7 L/yr

Senior Project Manager Salary

(AmbitionBox Estimate)

₹32.9 L/yr - ₹42 L/yr

Scrum Master Salary

(4 salaries)

₹17 L/yr - ₹25 L/yr

Software Engineer Salary

(93 salaries)

₹4.2 L/yr - ₹13.64 L/yr

Technical Project Manager Salary

(4 salaries)

₹25 L/yr - ₹30 L/yr

Technical Lead Salary

(48 salaries)

₹14 L/yr - ₹38 L/yr

Senior Consultant Salary

(AmbitionBox Estimate)

₹11.9 L/yr - ₹15.2 L/yr

Top skills at Magna International for Engineering Manager

Social Media Marketing CMMI Troubleshooting Debugging Android SDK Embedded Linux Embedded C Engineering Management SDLC RTOS SAP Data Management

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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Salary Discussions, Hike & Promotions

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 Engineering Manager Salary FAQs

What is the salary of Engineering Manager at Magna International?

Engineering Manager salary at Magna International in India ranges between ₹27.0 Lakhs to ₹60.0 Lakhs for experience between 18 years to 21 years. According to our estimates it is 3% more than the average Engineering Manager 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 Engineering Manager at Magna International India compare with the average salary range for this job?

The average salary of a Engineering Manager at Magna International is 3% more than the average salary of a Engineering Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Engineering Manager at Magna International?

Social Media Marketing, CMMI, Troubleshooting, Debugging and Android SDK are some of the popular skills required to work as a Engineering Manager at Magna International India.

Which similar companies are paying more than Magna International to a Engineering Manager in India?

Aptiv Engineering Manager Salary - ₹22.0 Lakhs to ₹70.0 Lakhs per year
Continental Automotive Components Engineering Manager Salary - ₹28.5 Lakhs to ₹43.8 Lakhs per year

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

Aptiv Components India Private Engineering Manager Salary - ₹28.4 Lakhs to ₹43.0 Lakhs per year
ZF Steering Gear Engineering Manager Salary - ₹29.1 Lakhs to ₹35.0 Lakhs per year
Bosch Engineering Manager Salary - ₹18.9 Lakhs to ₹45.0 Lakhs per year
Lear Corporation Engineering Manager Salary - ₹19.0 Lakhs to ₹37.0 Lakhs per year
Continental Engineering Manager Salary - ₹11.0 Lakhs to ₹45.0 Lakhs per year

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

The estimated take-home salary of a Engineering Manager at Magna International ranges between ₹2,24,457 per month to ₹2,33,469 per month in India. The take-home salary calculation is based on the average Magna International Engineering Manager salary in India which ranges between ₹27.0 Lakhs to ₹60.0 Lakhs per year for employees with experience between 18 years to 21 years. Check how did we calculate take home salary?

What is the notice period for Engineering Manager at Magna International?

According to AmbitionBox, 83% of the Magna International Engineering Managers reported a notice period of 3 Months, 17% reported a notice period of 2 Months.This is based on 6 responses on AmbitionBox in last 2 years.

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Magna International Engineering Manager Salaries

Magna International Engineering Manager salary in India ranges between ₹27 Lakhs to ₹60 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magna International latest salaries received from various employees of Magna International.