Magna International Senior Hardware Design Engineer Salaries by 3 Employees

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₹12.5 Lakhs - ₹18 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

36% more than the average Senior Hardware Design Engineer Salary in Auto Components Companies for 5 years of experience

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Last Updated: 14 Dec 2024

Companies similar to Magna International for Senior Hardware Design Engineer

Company name	Avg Annual Salary	Open Jobs
Valeo Senior Hardware Design Engineer Salary 6 - 11 years exp. (35 salaries)	₹9.5 L/yr - ₹19.6 L/yr 8% less
Bosch Senior Hardware Design Engineer Salary 4 - 8 years exp. (10 salaries)	₹10.2 L/yr - ₹17 L/yr 18% less
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Continental Automotive Components Senior Hardware Design Engineer Salary 4 - 9 years exp. (6 salaries)	₹5.7 L/yr - ₹23.5 L/yr 8% less
Schaeffler India Senior Hardware Design Engineer Salary 2 - 5 years exp. (4 salaries)	₹9 L/yr - ₹17 L/yr 15% less
Lear Corporation Senior Hardware Design Engineer Salary 5 - 8 years exp. (4 salaries)	₹10 L/yr - ₹16.5 L/yr 15% less

Senior Hardware Design Engineer salary at Magna International ranges between ₹12.5 Lakhs to ₹18 Lakhs per year for employees with 5 years of experience. Salary estimates are based on 3 latest salaries received from various employees of Magna International.

Experience wise Magna International Senior Hardware Design Engineer salaries

Last Updated: 14 Dec 2024

Experience	Avg Annual Salary
5 years (3 salaries)	₹12.5 L/yr - ₹18 L/yr
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Salary related reviews for Magna International

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

Design Engineer in Om Chambers, Bhosari, Pune

Research & Development Department

1.0

• posted on 18 May 2022

1.0

for Salary and Benefits

Likes

Nothing. Just you get your salary on time.

Dislikes

No job security. No standards they follow. Zero authority they have on their work. it is same as working in a service industry. Huge team politics issue, one person controls everyone. If you are among his favourite people you get everything otherwise no matter how much you work you will get nothing. Most of people in Magna work on saturday also even though it is weekly off. Managers force you to work on weekends. If you want training then you have to invest your personal time that is on saturdays. Means you are wasting your personal time for company benefits.

Salary - Bad

+6 more

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

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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 Senior Hardware Design Engineer Salary FAQs

How the salary growth look like for a Senior Hardware Design Engineer at Magna International in India?

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

Experience	Average Salary Range
5 years	₹12.5 Lakhs to ₹18.0 Lakhs per year

and so on.

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Magna International Senior Hardware Design Engineer Salaries

Magna International Senior Hardware Design Engineer salary in India ranges between ₹12.5 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magna International latest salaries received from various employees of Magna International.

Magna International Senior Hardware Design Engineer salaries in India

Companies similar to Magna International for Senior Hardware Design Engineer

Latest annual salaries shared by Magna International Senior Hardware Design Engineer

Experience wise Magna International Senior Hardware Design Engineer salaries

Similar Designation salaries in Magna International

Salary related reviews for Magna International

Design Engineer in Pune

Design Engineer in Om Chambers, Bhosari, Pune

Senior Engineer- Maintenance in Talegaon Dabhade

Stamping Simulation Engineer (Process Engineer) in Pune

Senior Test Lead in Pune

Magna International Senior Hardware Design Engineer Salary FAQs

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