Search

Salaries

  • Reviews
  • Salaries
  • Interview Questions
  • About Company
  • Benefits
  • Jobs
  • Office Photos
  • Community
+ Contribute
notification
notification
Login
Upload Button Icon Add office photos
Employer? Claim Account for FREE

Magna Steyr

Compare button icon Compare button icon Compare
4.2

based on 106 Reviews

Play video Play video Video summary
filter salariesFilter salaries by

Magna Steyr Contract Engineer salaries in India

Annual salary range
5 - 7 years exp.
₹5.3 Lakhs - ₹6.2 Lakhs
Low Confidence
info icon
Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
unlock blur
unlock blur

16% more than the average Contract Engineer Salary in Automobile Companies for 5 - 7 years of experience

Interested in this particular role?

Last Updated: 14 Mar 2023

Companies similar to Magna Steyr for Contract Engineer

Company name Avg Annual Salary Open Jobs
Logo
Bharat Electronics Contract Engineer Salary

1 - 6 years exp. (262 salaries)
unlock blur

₹2 L/yr - ₹4.8 L/yr

arrow icon 42% less
Logo
Defence Research & Development Organisation Contract Engineer Salary

0 - 4 years exp. (105 salaries)
unlock blur

₹1.5 L/yr - ₹4.6 L/yr

arrow icon 47% less
Logo
Reliance Industries Contract Engineer Salary

1 - 9 years exp. (61 salaries)
unlock blur

₹5.5 L/yr - ₹15.5 L/yr

arrow icon 51% more
Logo
Aeronautical Development Agency Contract Engineer Salary

0 - 3 years exp. (53 salaries)
unlock blur

₹3.3 L/yr - ₹4.6 L/yr

arrow icon 28% less
Logo
Aeronautical Development Establishment Contract Engineer Salary

0 - 2 years exp. (29 salaries)
unlock blur

₹1 L/yr - ₹4.8 L/yr

arrow icon 40% less
Contract Engineer salary at Magna Steyr ranges between ₹5.3 Lakhs to ₹6.2 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Magna Steyr.

Latest annual salaries shared by Magna Steyr Contract Engineer

1y ago
avg blur mobile
5 years exp.
1y ago
avg blur mobile
7 years exp.
1y ago
avg blur mobile
6 years exp.
1y ago
avg blur mobile
5 years exp.

Experience wise Magna Steyr Contract Engineer salaries

Last Updated: 14 Mar 2023

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

unlock blur

₹5 L/yr - ₹6.4 L/yr
6 years (AmbitionBox Estimate)

unlock blur

₹5.6 L/yr - ₹7.1 L/yr
7 years (AmbitionBox Estimate)

unlock blur

₹5.6 L/yr - ₹7.1 L/yr

Similar Designation salaries in Magna Steyr

Senior Engineer Salary
(34 salaries)
unlock blur
₹12 L/yr - ₹27 L/yr
Associate Engineer Salary
(27 salaries)
unlock blur
₹3.8 L/yr - ₹6.85 L/yr
Senior Leader Engineer Salary
(13 salaries)
unlock blur
₹13 L/yr - ₹37 L/yr
Team Lead Salary
(9 salaries)
unlock blur
₹13.2 L/yr - ₹18 L/yr
Senior Team Leader Salary
(6 salaries)
unlock blur
₹10 L/yr - ₹21 L/yr
Senior Analyst Salary
(5 salaries)
unlock blur
₹10.35 L/yr - ₹14.5 L/yr
Lead Analyst Salary
(4 salaries)
unlock blur
₹15 L/yr - ₹19 L/yr
Program Manager Salary
(4 salaries)
unlock blur
₹18 L/yr - ₹22.3 L/yr
Analyst Salary
(4 salaries)
unlock blur
₹5.25 L/yr - ₹7 L/yr
Section Manager Salary
(3 salaries)
unlock blur
₹4.2 L/yr - ₹16 L/yr

Salary related reviews for Magna Steyr

3.0

Rated by 1 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.

read more
  • Skill development - Good
    • +5 more

Dislikes

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

Team Manager in Bavdhan, Pune

Full Time

 · 

Procurement & Supply Chain Department

5.0
  •  posted on 23 Dec 2024
5.0
 for  Salary and Benefits

Likes

Getting good exposure considering the versatile engineering project. Work freedom, also the open door policy where you can talk directly with anyone for your concerns. Good cultured organization.

read more
  • Salary - Excellent
    • +6 more

Dislikes

Office location & ambiance

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

  • Salary - Good
    • +4 more

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

read more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All
Salary Discussions, Hike & Promotions
2w
a manager - business analyst
Shifting from Bangalore to Hyderabad
I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts
Got a question about Magna Steyr?
Ask anonymously on communities.
More about working at Magna Steyr

Magna Steyr Contract Engineer Salary FAQs

What is the salary of Contract Engineer at Magna Steyr ?
The average salary of a Contract Engineer at Magna Steyr in India typically ranges from ₹5.3 Lakhs to ₹6.2 Lakhs per year, depending on experience (from 5 years to 7 years).

The top 10% of Contract Engineer at Magna Steyr earn more than ₹6.2 Lakhs per year, and the top 1% earn over ₹6.2 Lakhs per year. Contract Engineer Salaries at Magna Steyr can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Magna Steyr employees in India.
What is the estimated take home salary of a Contract Engineer at Magna Steyr in India?
The estimated take-home salary of a Contract Engineer at Magna Steyr in India typically ranges from ₹44,492 to ₹45,590 per month. This is based on the average salary range of ₹5.3 Lakhs to ₹6.2 Lakhs per year for employees with experience ranging from 5 years to 7 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Magna Steyr. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Magna Steyr for Contract Engineer in India?
Reliance Industries ₹5.5 Lakhs to ₹15.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Magna Steyr, depending on the role and experience level.
What is the salary of a Contract Engineer in companies similar to Magna Steyr in India?
The salary of a Contract Engineer at companies similar to Magna Steyr in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aeronautical Development Agency ₹3.3 Lakhs to ₹4.6 Lakhs per year
Aeronautical Development Establishment ₹1.0 Lakhs to ₹4.8 Lakhs per year
Bharat Electronics ₹2.0 Lakhs to ₹4.8 Lakhs per year
Defence Research & Development Organisation ₹1.5 Lakhs to ₹4.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Contract Engineer at Magna Steyr in India?
The salary growth for a Contract Engineer at Magna Steyr depends on factors such as experience, performance, and promotions. On average, a Contract Engineer can expect the following growth trajectory at Magna Steyr:

Experience Average Salary Range
5 years ₹5.0 Lakhs to ₹6.4 Lakhs per year
6 years ₹5.6 Lakhs to ₹7.1 Lakhs per year
7 years ₹5.6 Lakhs to ₹7.1 Lakhs per year
and so on.

Tell us how to improve this page.

Magna Steyr Contract Engineer salary in India ranges between ₹5.3 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Magna Steyr latest salaries received from various employees of Magna Steyr.