Magna International Lead Engineer Salaries by 70+ Employees (Updated 2024)

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Production, Manufacturing & Engineering Engineering - Software & QA Research & Development Quality Assurance + 6 more

Designation	Avg Annual Salary	Open Jobs
Lead Engineer 7 - 13 years exp. (74 salaries)	₹7.8 L/yr - ₹23 L/yr
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Software Engineer 0 - 5 years exp. (93 salaries)	₹4.2 L/yr - ₹13.5 L/yr	2 job openings
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Senior Software Engineer 1 - 8 years exp. (89 salaries)	₹7 L/yr - ₹24.3 L/yr
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Senior Engineer 3 - 12 years exp. (88 salaries)	₹4.2 L/yr - ₹14.1 L/yr	1 job opening
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Technical Lead 9 - 14 years exp. (48 salaries)	₹14 L/yr - ₹38 L/yr
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Team Lead 1 - 13 years exp. (38 salaries)	₹2.2 L/yr - ₹10.8 L/yr
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Software Developer 2 - 6 years exp. (24 salaries)	₹5.5 L/yr - ₹16.5 L/yr
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System Engineer 1 - 7 years exp. (19 salaries)	₹5.1 L/yr - ₹20.4 L/yr
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Senior Software Developer 4 - 9 years exp. (7 salaries)	₹9.5 L/yr - ₹22 L/yr
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Associate Software Engineer 0 - 4 years exp. (4 salaries)	₹5.2 L/yr - ₹15 L/yr
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Software Development Engineer 3 years exp. (4 salaries)	₹10.5 L/yr - ₹12 L/yr
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Project Engineer 1 - 5 years exp. (3 salaries)	₹4 L/yr - ₹4.7 L/yr
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Lead Software Engineer 8 - 10 years exp. (AmbitionBox Estimate)	₹15.3 L/yr - ₹19.5 L/yr
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Senior Consultant 6 - 13 years exp. (AmbitionBox Estimate)	₹11.9 L/yr - ₹15.2 L/yr
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Senior Developer 0 - 3 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
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Technology Analyst 4 years exp. (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
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Senior Associate 3 years exp. (AmbitionBox Estimate)	₹22.5 L/yr - ₹28.8 L/yr
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Design Engineer 1 - 7 years exp. (103 salaries)	₹2.6 L/yr - ₹12 L/yr	2 job openings
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Senior Design Engineer 4 - 10 years exp. (86 salaries)	₹4.8 L/yr - ₹18 L/yr
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Production Engineer 1 - 6 years exp. (81 salaries)	₹1.5 L/yr - ₹6 L/yr
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Junior Engineer 2 - 6 years exp. (75 salaries)	₹2 L/yr - ₹4.1 L/yr
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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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Salary related reviews for Magna International

3.7

Rated by 5 employees for salary & benefits

Senior Software Developer in Pune

Engineering - Software & QA Department

4.0

• posted on 14 Mar 2022

3.0

for Salary and Benefits

Likes

This company provide good opportunities to employees. The compensation structure is average. The work culture in company is good. Company take care of employee.

Dislikes

Company is not so keen on employee's skill development.

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.

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Magna International Salary FAQs

How much does Magna International pay per year?

The average Magna International salary ranges from approximately ₹1.2 Lakh to ₹1.6 Lakh per year for a Company Trainee and ₹33 Lakhs to ₹43.6 Lakhs per year for a Software Architect. Salary estimates are based on 74 Magna International salaries received from various employees of Magna International. Magna International employees rate the overall salary and benefits package 3.7/5 stars.

What is the highest salary in Magna International?

The highest-paying job at Magna International is a Software Architect with a salary of ₹33 Lakhs to ₹43.6 Lakhs per year. The top 10% of employees earn more than ₹21.03 lakhs per year. The top 1% earn more than a whopping ₹43.38 lakhs per year.

What is the minimum salary in Magna International?

Minimum salary at Magna International depends on the role you are applying for. For Junior Engineer the minimum salary is ₹2 Lakhs to ₹4.1 Lakhs per year, and for Production Engineer the minimum salary is ₹1.5 Lakh to ₹6 Lakhs per year and so on.

What is the salary package for freshers in Magna International?

The average salary at Magna International for freshers varies from ₹1.8 Lakh to ₹2.5 Lakhs per year for Trainee and ₹3 Lakhs to ₹4 Lakhs per year for Graduate Engineer Trainee (Get).

What is the notice period for Lead Engineer at Magna International?

According to AmbitionBox, 85% of the Magna International Lead Engineers reported a notice period of 3 Months, 7% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 59 responses on AmbitionBox in last 2 years.

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Average annual salary for Lead Engineer in Magna International is INR . Salary estimates are based on 74 Magna International latest salaries received from various employees of Magna International.