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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
Select experience
₹5
Lakhs - ₹6.3
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 salaryInterested in this particular role?
Companies similar to Magna Steyr for IT Engineer
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Tata Motors IT Engineer Salary
2 - 3 years exp. (4 salaries) |  ₹1.2 L/yr - ₹6 L/yr 
36%
less | |
 Mahindra & Mahindra IT Engineer Salary
1 - 2 years exp. (3 salaries) | ₹2.7 L/yr - ₹3.4 L/yr
43%
less | |
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| ||
 Ford Motor IT Engineer Salary
Fresher (3 salaries) | ₹5.5 L/yr - ₹6 L/yr 
1%
more | |
 TCS IT Engineer Salary
1 - 10 years exp. (199 salaries) | ₹1.6 L/yr - ₹9.8 L/yr
4%
more | |
 Qualcomm IT Engineer Salary
3 - 10 years exp. (96 salaries) | ₹5.6 L/yr - ₹20 L/yr
118%
more | |
IT Engineer salary at Magna Steyr ranges between ₹5
Lakhs
to ₹6.3
Lakhs
per year for employees with 5 years of experience. Salary
estimates are based on
1 latest salaries received
from various employees of Magna Steyr.
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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 IT Engineer salary in India ranges between ₹5 Lakhs to ₹6.3 Lakhs. This is an estimate based on latest salaries received from employees of Magna Steyr.