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...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.
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Annual salary range
2 - 6 years exp.
₹5.6
Lakhs - ₹10.7
Lakhs
Low Confidence 
Low confidence means that this average salary is based on data that was reported by very few people.
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary22% less than the average Design Engineer 3 Salary in Automobile Companies for 2 - 6 years of experience
Interested in this particular role?
Companies similar to Magna Steyr for Design Engineer 3
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Mahindra & Mahindra Design Engineer 3 Salary
0 - 6 years exp. (3 salaries) |  ₹2.5 L/yr - ₹15 L/yr 
13%
more | |
 Technosoft Engineering Projects Limited Design Engineer 3 Salary
4 - 8 years exp. (13 salaries) | ₹6.2 L/yr - ₹7 L/yr 
21%
less | |
Login to view exact salary
| ||
 Honeywell Uop Design Engineer 3 Salary
7 - 12 years exp. (13 salaries) | ₹14.5 L/yr - ₹20 L/yr
129%
more | |
 NewSpace Research and Technologies Design Engineer 3 Salary
6 - 9 years exp. (7 salaries) | ₹8 L/yr - ₹20 L/yr
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 Cyient Design Engineer 3 Salary
4 - 7 years exp. (7 salaries) | ₹4.3 L/yr - ₹5.5 L/yr
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Design Engineer 3 salary at Magna Steyr ranges between ₹5.6
Lakhs
to ₹10.7
Lakhs
per year for employees with experience between 2 years to 6 years. Salary
estimates are based on
4 latest salaries received
from various employees of Magna Steyr.
Latest annual salaries shared by Magna Steyr Design Engineer 3
3d ago
6
years
exp.
9mo ago
5
years
exp.
1y ago
4
years
exp.
1y ago
2
years
exp.
Experience wise Magna Steyr Design Engineer 3 salaries
Last Updated: 28 Dec 2024
| Experience | Avg Annual Salary |
|---|---|
| 2 years (AmbitionBox Estimate) |
₹5.6
L/yr
- ₹5.6
L/yr
|
| 3 years (AmbitionBox Estimate) |
₹6
L/yr
- ₹7.6
L/yr
|
Login to view exact salary
| |
| 4 years (AmbitionBox Estimate) |
₹3.2
L/yr
- ₹9.5
L/yr
|
| 5 years (AmbitionBox Estimate) |
₹9.5
L/yr
- ₹17.2
L/yr
|
| 6 years (AmbitionBox Estimate) |
₹10.7
L/yr
- ₹10.7
L/yr
|
Similar Designation salaries in Magna Steyr
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Top trending discussions
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Salary Discussions, Hike & Promotions
2w
a senior consultant
Retention offer
Hello,
Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus
Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L)
I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance.
The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte.
Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too
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Magna Steyr Design Engineer 3 Salary FAQs
What is the salary of Design Engineer 3 at Magna Steyr?
Design Engineer 3 salary at Magna Steyr in India ranges between ₹5.6 Lakhs to ₹10.7 Lakhs for experience between 2 years to 6 years. According to our estimates it is 22% less than the average Design Engineer 3 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magna Steyr India.
How does the salary of a Design Engineer 3 at Magna Steyr India compare with the average salary range for this job?
The average salary of a Design Engineer 3 at Magna Steyr is 22% less than the average salary of a Design Engineer 3 in India. To know exact salary insights, login to view.
Which similar companies are paying more than Magna Steyr to a Design Engineer 3 in India?
- Honeywell Uop Design Engineer 3 Salary - ₹14.5 Lakhs to ₹20.0 Lakhs per year
- NewSpace Research and Technologies Design Engineer 3 Salary - ₹8.0 Lakhs to ₹20.0 Lakhs per year
- Mahindra & Mahindra Design Engineer 3 Salary - ₹2.5 Lakhs to ₹15.0 Lakhs per year
What is the salary of a Design Engineer 3 in companies similar to Magna Steyr in India?
- Technosoft Engineering Projects Limited Design Engineer 3 Salary - ₹6.2 Lakhs to ₹7.0 Lakhs per year
- Cyient Design Engineer 3 Salary - ₹4.3 Lakhs to ₹5.5 Lakhs per year
What is the estimated take home salary of a Design Engineer 3 at Magna Steyr in India?
The estimated take-home salary of a Design Engineer 3 at Magna Steyr ranges between ₹59,788 per month to ₹61,299 per month in India. The take-home salary calculation is based on the average Magna Steyr Design Engineer 3 salary in India which ranges between ₹5.6 Lakhs to ₹10.7 Lakhs per year for employees with experience between 2 years to 6 years. Check how did we calculate take home salary?
What is the notice period for Design Engineer 3 at Magna Steyr?
According to AmbitionBox, 100% of the Magna Steyr Design Engineer 3s reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.
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Magna Steyr Design Engineer 3 salary
in
India
ranges between ₹5.6
Lakhs to ₹10.7
Lakhs with an average annual salary of
₹. Salary estimates are based on
4
Magna Steyr latest salaries received from various employees of
Magna Steyr.