Magna Steyr Associate Design Engineer Salaries by 8 Employees (Updated 2024)

1 - 3 years exp.

₹3.7 Lakhs - ₹5.8 Lakhs

Low Confidence

Salary of majority employees

5% less than the average Associate Design Engineer Salary in Automobile Companies for 1 - 3 years of experience

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Last Updated: 13 Sep 2024

Companies similar to Magna Steyr for Associate Design Engineer

Company name	Avg Annual Salary	Open Jobs
Ashok Leyland Associate Design Engineer Salary 0 - 4 years exp. (47 salaries)	₹2.4 L/yr - ₹3.8 L/yr 31% less
CNH Industrial Associate Design Engineer Salary 2 - 12 years exp. (6 salaries)	₹10 L/yr - ₹14.3 L/yr 184% more
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CADOpt Technologies Associate Design Engineer Salary 1 - 4 years exp. (121 salaries)	₹1.7 L/yr - ₹4 L/yr 32% less
Fluor Corporation Associate Design Engineer Salary 1 - 6 years exp. (83 salaries)	₹6 L/yr - ₹14 L/yr 108% more
TE Connectivity Associate Design Engineer Salary 1 - 5 years exp. (54 salaries)	₹2.2 L/yr - ₹5.4 L/yr 16% less

Associate Design Engineer salary at Magna Steyr ranges between ₹3.7 Lakhs to ₹5.8 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 8 latest salaries received from various employees of Magna Steyr.

Experience wise Magna Steyr Associate Design Engineer salaries

Last Updated: 13 Sep 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹3.7 L/yr - ₹4.8 L/yr
2 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.6 L/yr
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3 years (3 salaries)	₹3.8 L/yr - ₹5.8 L/yr

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Salary related reviews for Magna Steyr

3.0

Rated by 2 employees for salary & benefits

Design Engineer in Pune

Research & Development Department

5.0

• posted on 21 Aug 2018

3.0

for Salary and Benefits

Likes

...o learn. I started my career as fresher in magna and now I know how lucky i was. I only left magna for salary hike and to check whether other companies are as good as magna or not. And now I know magna is best.

Dislikes

Even though for freshers increment % is good but because of initial low package it doesn't make big difference.

Engineer in Pune

Research & Development Department

5.0

• posted on 27 Jun 2022

4.0

for Salary and Benefits

Likes

Work life balance is excellent Teammates are supportive and job security is best in class

Dislikes

There is politics and you may face it in any company so it’s not new for me if anyone decides to go against manager then he will be targeted

see more salary related reviews

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Salary Discussions, Hike & Promotions

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 Steyr Associate Design Engineer Salary FAQs

What is the salary of Associate Design Engineer at Magna Steyr?

Associate Design Engineer salary at Magna Steyr in India ranges between ₹3.7 Lakhs to ₹5.8 Lakhs for experience between 1 years to 3 years. According to our estimates it is 5% less than the average Associate Design Engineer Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Magna Steyr India.

How does the salary of a Associate Design Engineer at Magna Steyr India compare with the average salary range for this job?

The average salary of a Associate Design Engineer at Magna Steyr is 5% less than the average salary of a Associate Design Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magna Steyr to a Associate Design Engineer in India?

CNH Industrial Associate Design Engineer Salary - ₹10.0 Lakhs to ₹14.3 Lakhs per year
Fluor Corporation Associate Design Engineer Salary - ₹6.0 Lakhs to ₹14.0 Lakhs per year

What is the salary of a Associate Design Engineer in companies similar to Magna Steyr in India?

TE Connectivity Associate Design Engineer Salary - ₹2.2 Lakhs to ₹5.4 Lakhs per year
Ashok Leyland Associate Design Engineer Salary - ₹2.4 Lakhs to ₹3.8 Lakhs per year
CADOpt Technologies Associate Design Engineer Salary - ₹1.7 Lakhs to ₹4.0 Lakhs per year

What is the estimated take home salary of a Associate Design Engineer at Magna Steyr in India?

The estimated take-home salary of a Associate Design Engineer at Magna Steyr ranges between ₹32,504 per month to ₹33,781 per month in India. The take-home salary calculation is based on the average Magna Steyr Associate Design Engineer salary in India which ranges between ₹3.7 Lakhs to ₹5.8 Lakhs per year for employees with experience between 1 years to 3 years. Check how did we calculate take home salary?

What is the notice period for Associate Design Engineer at Magna Steyr?

According to AmbitionBox, 75% of the Magna Steyr Associate Design Engineers reported a notice period of 3 Months, 25% reported a notice period of 15 days or less.This is based on 4 responses on AmbitionBox in last 2 years.

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Magna Steyr Associate Design Engineer Salaries

Magna Steyr Associate Design Engineer salary in India ranges between ₹3.7 Lakhs to ₹5.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Magna Steyr latest salaries received from various employees of Magna Steyr.