Magna International Purchase Officer Salaries by 4 Employees (Updated 2024)

0 - 15 years exp.

₹1.8 Lakh - ₹10 Lakhs

Low Confidence

Salary of majority employees

51% more than the average Purchase Officer Salary in Auto Components Companies for 0 - 15 years of experience

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Last Updated: 5 Jul 2023

Companies similar to Magna International for Purchase Officer

Company name	Avg Annual Salary	Open Jobs
Bharat Forge Purchase Officer Salary 2 - 9 years exp. (3 salaries)	₹4.5 L/yr - ₹5.8 L/yr 18% less
Tata Motors Purchase Officer Salary 3 - 15 years exp. (15 salaries)	₹2 L/yr - ₹8.5 L/yr 22% less
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Mahindra & Mahindra Purchase Officer Salary 1 - 6 years exp. (17 salaries)	₹1.7 L/yr - ₹6.4 L/yr 34% less
Hero MotoCorp Purchase Officer Salary 7 - 14 years exp. (3 salaries)	₹5.8 L/yr - ₹9.5 L/yr 30% more
Force Motors Purchase Officer Salary 0 - 15 years exp. (7 salaries)	₹1.9 L/yr - ₹6 L/yr 41% less
Bridgestone Purchase Officer Salary 2 - 4 years exp. (6 salaries)	₹5 L/yr - ₹6.4 L/yr 11% less
Yazaki Purchase Officer Salary 2 - 13 years exp. (4 salaries)	₹0.6 L/yr - ₹9.5 L/yr 40% less
ZF Steering Gear Purchase Officer Salary 4 - 5 years exp. (3 salaries)	₹3.1 L/yr - ₹3.4 L/yr 45% less

Purchase Officer salary at Magna International ranges between ₹1.8 Lakh to ₹10 Lakhs per year for employees with less than 1 year of experience to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Magna International.

Experience wise Magna International Purchase Officer salaries

Last Updated: 5 Jul 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.8 L/yr - ₹1.8 L/yr
13 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.5 L/yr
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14 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹9.1 L/yr
15+ years (AmbitionBox Estimate)	₹10 L/yr - ₹10 L/yr

Similar Designation salaries in Magna International

Purchase Engineer Salary

(17 salaries)

₹2.5 L/yr - ₹6 L/yr

Purchase Manager Salary

(4 salaries)

₹14 L/yr - ₹23 L/yr

Purchase Assistant Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Senior Officer Salary

(7 salaries)

₹7.25 L/yr - ₹10.5 L/yr

Purchase Executive Salary

(4 salaries)

₹3.5 L/yr - ₹12.13 L/yr

Officer Salary

(4 salaries)

₹2.45 L/yr - ₹4.81 L/yr

Procurement Engineer Salary

(3 salaries)

₹3 L/yr - ₹6.7 L/yr

Senior Engineer Salary

(94 salaries)

₹4.2 L/yr - ₹15 L/yr

Buyer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Store Executive Salary

(7 salaries)

₹1.35 L/yr - ₹3.6 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.

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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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 Purchase Officer Salary FAQs

What is the salary of Purchase Officer at Magna International?

Purchase Officer salary at Magna International in India ranges between ₹1.8 Lakhs to ₹10.0 Lakhs for less than 1 year of experience to 15 years. According to our estimates it is 51% more than the average Purchase Officer 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 Purchase Officer at Magna International India compare with the average salary range for this job?

The average salary of a Purchase Officer at Magna International is 51% more than the average salary of a Purchase Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magna International to a Purchase Officer in India?

Hero MotoCorp Purchase Officer Salary - ₹5.8 Lakhs to ₹9.5 Lakhs per year

What is the salary of a Purchase Officer in companies similar to Magna International in India?

Bridgestone Purchase Officer Salary - ₹5.0 Lakhs to ₹6.4 Lakhs per year
Bharat Forge Purchase Officer Salary - ₹4.5 Lakhs to ₹5.8 Lakhs per year
Tata Motors Purchase Officer Salary - ₹2.0 Lakhs to ₹8.5 Lakhs per year
Mahindra & Mahindra Purchase Officer Salary - ₹1.7 Lakhs to ₹6.4 Lakhs per year
Yazaki Purchase Officer Salary - ₹0.6 Lakhs to ₹9.5 Lakhs per year

What is the estimated take home salary of a Purchase Officer at Magna International in India?

The estimated take-home salary of a Purchase Officer at Magna International ranges between ₹46,400 per month to ₹47,500 per month in India. The take-home salary calculation is based on the average Magna International Purchase Officer salary in India which ranges between ₹1.8 Lakhs to ₹10.0 Lakhs per year for employees with less than 1 year of experience to 15 years. Check how did we calculate take home salary?

What is the notice period for Purchase Officer at Magna International?

According to AmbitionBox, 33% of the Magna International Purchase Officers reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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Magna International Purchase Officer Salaries

Magna International Purchase Officer salary in India ranges between ₹1.8 Lakh to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magna International latest salaries received from various employees of Magna International.