Magna International Chennai IT Engineer Salaries by 3 Employees

8 - 10 years exp.

₹4 Lakhs - ₹5.4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

At par with the average IT Engineer Salary in Auto Components Companies for 8 - 10 years of experience

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Last Updated: 17 Mar 2023

Companies similar to Magna International for IT Engineer in Chennai

Magna International IT Engineer Salary

8 - 10 years exp. (3 salaries)

₹4 L/yr - ₹5.4 L/yr

Company name	Avg Annual Salary	Open Jobs
TCS IT Engineer Salary 1 - 12 years exp. (23 salaries)	₹2.3 L/yr - ₹6.3 L/yr 29% more
Flex IT Engineer Salary 4 - 9 years exp. (13 salaries)	₹4.4 L/yr - ₹6.5 L/yr 21% more
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Maveric Systems IT Engineer Salary 1 - 7 years exp. (12 salaries)	₹3.2 L/yr - ₹5 L/yr 4% less
Enerji Systems IT Engineer Salary 2 - 8 years exp. (11 salaries)	₹2.1 L/yr - ₹4.6 L/yr 15% less
Omega Healthcare IT Engineer Salary 2 - 6 years exp. (8 salaries)	₹2.1 L/yr - ₹3.7 L/yr 26% less

IT Engineer salary at Magna International ranges between ₹4 Lakhs to ₹5.4 Lakhs per year for employees with experience between 8 years to 10 years. Salary estimates are based on 3 latest salaries received from various employees of Magna International.

Experience wise Magna International IT Engineer salaries in Chennai

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
9 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.2 L/yr
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10 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr

Similar Designation salaries in Magna International

Deputy Manager Information Technology Salary

(3 salaries)

₹17.5 L/yr - ₹22.5 L/yr

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.

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

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

Salary - Excellent

+6 more

Dislikes

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

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Salary Discussions, Hike & Promotions

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 IT Engineer Salary FAQs

How the salary growth look like for a IT Engineer at Magna International in Chennai?

The salary growth for a IT Engineer at Magna International in Chennai depends on factors such as experience, performance, and promotions. On average, a IT Engineer in Chennai can expect the following growth trajectory at Magna International:

Experience	Average Salary Range
8 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
9 years	₹4.0 Lakhs to ₹5.2 Lakhs per year
10 years	₹4.1 Lakhs to ₹5.2 Lakhs per year

and so on.

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Magna International IT Engineer Salaries in Chennai

Magna International IT Engineer salary in Chennai ranges between ₹4 Lakhs to ₹5.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magna International latest salaries received from various employees of Magna International.