Magna Steyr Pune Principal Engineer Salaries by 2 Employees (Updated 2024)

20 - 24 years exp.

₹15.9 Lakhs - ₹20.4 Lakhs

Low Confidence

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Last Updated: 19 Jun 2023

Companies similar to Magna Steyr for Principal Engineer in Pune

Magna Steyr Principal Engineer Salary

20 - 24 years exp. (AmbitionBox Estimate)

₹15.9 L/yr - ₹20.4 L/yr

Company name	Avg Annual Salary	Open Jobs
Rolls-Royce Principal Engineer Salary 8 - 14 years exp. (10 salaries)	₹17.5 L/yr - ₹23 L/yr 20% more
Giesecke & Devrient Principal Engineer Salary 12 - 22 years exp. (42 salaries)	₹17.5 L/yr - ₹46 L/yr 62% more
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HARMAN Principal Engineer Salary 9 - 15 years exp. (41 salaries)	₹14.3 L/yr - ₹42 L/yr 98% more	3 job openings
Wissen Technology Principal Engineer Salary 7 - 11 years exp. (36 salaries)	₹17 L/yr - ₹37.1 L/yr 71% more
Marsh McLennan Principal Engineer Salary 3 - 10 years exp. (29 salaries)	₹11.7 L/yr - ₹25 L/yr At par

Principal Engineer salary at Magna Steyr ranges between ₹15.9 Lakhs to ₹20.4 Lakhs per year for employees with experience between 20 years to 24 years. Salary estimates are based on 2 latest salaries received from various employees of Magna Steyr.

Similar Designation salaries in Magna Steyr

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Salary related reviews for Magna Steyr

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.

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.

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

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 Principal Engineer Salary FAQs

What is the notice period for Principal Engineer at Magna Steyr in Pune?

According to AmbitionBox, 100% of the Magna Steyr Principal Engineers in Pune reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Magna Steyr Principal Engineer Salaries in Pune

Magna Steyr Principal Engineer salary in Pune ranges between ₹15.9 Lakhs to ₹20.4 Lakhs. This is an estimate based on latest salaries received from employees of Magna Steyr.