Magna International Procurement Manager Salaries by 3 Employees

3 - 19 years exp.

₹16.8 Lakhs - ₹19.5 Lakhs

Low Confidence

Salary of majority employees

Fixed (88%)

₹16.3 Lakhs

Variable (12%)

₹2.3 Lakhs

19% more than the average Procurement Manager Salary in Auto Components Companies for 3 - 19 years of experience

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Last Updated: 20 Jan 2024

Companies similar to Magna International for Procurement Manager

Company name	Avg Annual Salary	Open Jobs
Bridgestone Procurement Manager Salary 13 - 16 years exp. (3 salaries)	₹25.5 L/yr - ₹31.5 L/yr 59% more
Reliance Industries Procurement Manager Salary 1 - 17 years exp. (128 salaries)	₹6 L/yr - ₹21 L/yr 27% less
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Tata Steel Procurement Manager Salary 0 - 15 years exp. (107 salaries)	₹6 L/yr - ₹21 L/yr 24% less
Dunzo Procurement Manager Salary 1 - 10 years exp. (104 salaries)	₹3.5 L/yr - ₹7 L/yr 72% less
Larsen & Toubro Limited Procurement Manager Salary 8 - 16 years exp. (88 salaries)	₹8.5 L/yr - ₹29 L/yr 10% less

Procurement Manager salary at Magna International ranges between ₹16.8 Lakhs to ₹19.5 Lakhs per year for employees with experience between 3 years to 19 years. Salary estimates are based on 3 latest salaries received from various employees of Magna International.

Experience wise Magna International Procurement Manager salaries

Last Updated: 20 Jan 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹17.5 L/yr - ₹22.4 L/yr
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15+ years (AmbitionBox Estimate)	₹16.3 L/yr - ₹20.9 L/yr

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₹3 L/yr - ₹3.8 L/yr

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Salary related reviews for Magna International

4.0

Rated by 1 employees for salary & benefits

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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Magna International Procurement Manager Salary FAQs

How the salary growth look like for a Procurement Manager at Magna International in India?

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

Experience	Average Salary Range
3 years	₹17.5 Lakhs to ₹22.4 Lakhs per year
15 years	₹16.3 Lakhs to ₹20.9 Lakhs per year

and so on.

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Magna International Procurement Manager Salaries

Magna International Procurement Manager salary in India ranges between ₹16.8 Lakhs to ₹19.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magna International latest salaries received from various employees of Magna International.