Magna International Senior Purchase Executive Salaries by 3 Employees

10 - 12 years exp.

₹8.5 Lakhs - ₹9.3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

57% more than the average Senior Purchase Executive Salary in Auto Components Companies for 10 - 12 years of experience

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Last Updated: 1 Aug 2024

Companies similar to Magna International for Senior Purchase Executive

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Schaeffler India Senior Purchase Executive Salary 10 - 12 years exp. (3 salaries)	₹7.5 L/yr - ₹8.7 L/yr 6% less
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Senior Purchase Executive salary at Magna International ranges between ₹8.5 Lakhs to ₹9.3 Lakhs per year for employees with experience between 10 years to 12 years. Salary estimates are based on 3 latest salaries received from various employees of Magna International.

Experience wise Magna International Senior Purchase Executive salaries

Last Updated: 1 Aug 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
11 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
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12 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr

Similar Designation salaries in Magna International

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₹2 L/yr - ₹2.5 L/yr

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₹1.5 L/yr - ₹2 L/yr

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₹14 L/yr - ₹23 L/yr

Salary related reviews for Magna International

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3.0

• posted on 10 Sep 2022

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Work- Personal life can be balanced. Fixed duty hours. Supportive superiors. On time salary. Transportation and canteen facilities are free.

Skill development - Excellent

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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.

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Learning curve was very good at magna, there is lot of opportunities to learn and improve your skill.

Skill development - Good

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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.

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Senior Test Lead in Pune

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• posted on 21 Nov 2021

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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.

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Design Engineer in Pune

Full Time

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5.0

• posted on 18 Jun 2020

2.0

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Likes

Till lockdown magna provided complete salary and support.

Skill development - Excellent

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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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1) good leadership 2) great opportunities 3) yearly bonus & increments 4) hybrid work model 5) Will get chance to work on latest ADAS projects

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

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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 Purchase Executive Salary FAQs

How the salary growth look like for a Senior Purchase Executive at Magna International in India?

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

Experience	Average Salary Range
10 years	₹7.7 Lakhs to ₹9.8 Lakhs per year
11 years	₹7.7 Lakhs to ₹9.8 Lakhs per year
12 years	₹8.4 Lakhs to ₹10.7 Lakhs per year

and so on.

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Magna International Senior Purchase Executive Salaries

Magna International Senior Purchase Executive salary in India ranges between ₹8.5 Lakhs to ₹9.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magna International latest salaries received from various employees of Magna International.