Magna International Functional Safety Engineer Salaries by 3 Employees (Updated 2025)

2 - 4 years exp.

₹7 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

23% more than the average Functional Safety Engineer Salary in Auto Components Companies for 2 - 4 years of experience

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Salaries in different departments

Research & Development Functional Safety Engineer Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr
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Engineering - Hardware & Networks Functional Safety Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.7 L/yr

Last Updated: 4 Sep 2024

Companies similar to Magna International for Functional Safety Engineer

Company name	Avg Annual Salary	Open Jobs
Valeo Functional Safety Engineer Salary 1 - 10 years exp. (12 salaries)	₹5.5 L/yr - ₹18 L/yr 6% more
Continental Automotive Components Functional Safety Engineer Salary 0 - 12 years exp. (6 salaries)	₹6.9 L/yr - ₹25.5 L/yr 39% more
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Continental Functional Safety Engineer Salary 1 - 13 years exp. (4 salaries)	₹9 L/yr - ₹27 L/yr 65% more
Lear Corporation Functional Safety Engineer Salary 4 - 9 years exp. (4 salaries)	₹10.2 L/yr - ₹17 L/yr 22% more
Bosch Global Software Technologies Functional Safety Engineer Salary 1 - 9 years exp. (41 salaries)	₹5 L/yr - ₹19.4 L/yr 3% more

Functional Safety Engineer salary at Magna International ranges between ₹7 Lakhs to ₹15 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 3 latest salaries received from various employees of Magna International.

Experience wise Magna International Functional Safety Engineer salaries

Last Updated: 4 Sep 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹7 L/yr - ₹7 L/yr
3 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹15 L/yr
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4 years (AmbitionBox Estimate)	₹15 L/yr - ₹15 L/yr

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Top skills at Magna International for Functional Safety Engineer

Automotive Engineering Powertrain Software Engineering Data Analytics Data Privacy Agile Coaching Legal Advisory Safety Analysis Recruitment Functional Safety

Salary related reviews for Magna International

Senior Software Developer in Pune

Engineering - Software & QA Department

4.0

• posted on 14 Mar 2022

3.0

for Salary and Benefits

Likes

This company provide good opportunities to employees. The compensation structure is average. The work culture in company is good. Company take care of employee.

Job security - Excellent

+3 more

Dislikes

Company is not so keen on employee's skill development.

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.

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.

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.

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.

Dislikes

Everything.no growth or oppurtunity.No increments.

Salary - Bad

+6 more

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.

Salary - Poor

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Magna International Functional Safety Engineer Salary FAQs

What is the notice period for Functional Safety Engineer at Magna International?

According to AmbitionBox, 100% of the Magna International Functional Safety Engineers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Magna International Functional Safety Engineer Salaries

Magna International Functional Safety Engineer salary in India ranges between ₹7 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magna International latest salaries received from various employees of Magna International.