Magna Steyr Verification & Validation Engineer Salaries by 5 Employees

2 - 7 years exp.

₹6.5 Lakhs - ₹8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

6% less than the average Verification & Validation Engineer Salary in Automobile Companies for 2 - 7 years of experience

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Salaries in different departments

Engineering - Software & QA Verification & Validation Engineer Salary 2 - 7 years exp. (4 salaries)	₹6.5 L/yr - ₹8 L/yr
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Research & Development Verification & Validation Engineer Salary 5 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.3 L/yr

Last Updated: 27 Oct 2023

Companies similar to Magna Steyr for Verification & Validation Engineer

Company name	Avg Annual Salary	Open Jobs
General Motors Verification & Validation Engineer Salary 2 - 5 years exp. (6 salaries)	₹3.1 L/yr - ₹6 L/yr 36% less
Volvo Verification & Validation Engineer Salary 1 - 16 years exp. (6 salaries)	₹2.8 L/yr - ₹26.9 L/yr 104% more
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Ford Motor Verification & Validation Engineer Salary 2 - 6 years exp. (4 salaries)	₹4 L/yr - ₹14 L/yr 4% less
Hyundai Motor India Limited Verification & Validation Engineer Salary 2 - 3 years exp. (3 salaries)	₹4.6 L/yr - ₹5.8 L/yr 26% less
Alstom Transportation Verification & Validation Engineer Salary 1 - 12 years exp. (155 salaries)	₹6 L/yr - ₹20.5 L/yr 78% more

Verification & Validation Engineer salary at Magna Steyr ranges between ₹6.5 Lakhs to ₹8 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Magna Steyr.

Experience wise Magna Steyr Verification & Validation Engineer salaries

Last Updated: 27 Oct 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
3 years (AmbitionBox Estimate)	₹7 L/yr - ₹8.9 L/yr
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4 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.5 L/yr
5 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
6 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.9 L/yr
7 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr

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Similar Designation salaries in Magna Steyr

Lead Engineer Salary

(33 salaries)

₹12.7 L/yr - ₹22 L/yr

Softwaretest Engineer Salary

(5 salaries)

₹4 L/yr - ₹11.11 L/yr

Senior Software Engineer Salary

(5 salaries)

₹15.95 L/yr - ₹29.6 L/yr

Software Engineer Salary

(5 salaries)

₹4 L/yr - ₹21.5 L/yr

Validation Engineer Salary

(4 salaries)

₹4.8 L/yr - ₹5 L/yr

Technical Lead Salary

(4 salaries)

₹16.5 L/yr - ₹24 L/yr

Senior Technical Lead Salary

(3 salaries)

₹17 L/yr - ₹25 L/yr

System Test Engineer Salary

(AmbitionBox Estimate)

₹8.8 L/yr - ₹11.3 L/yr

L2 Engineer Salary

(AmbitionBox Estimate)

₹10.6 L/yr - ₹13.6 L/yr

Senior Development Engineer Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

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.

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.

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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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Magna Steyr Verification & Validation Engineer Salary FAQs

What is the salary of Verification & Validation Engineer at Magna Steyr ?

The average salary of a Verification & Validation Engineer at Magna Steyr in India typically ranges from ₹6.5 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Verification & Validation Engineer at Magna Steyr earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Verification & Validation 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 5 Magna Steyr employees in India.

What is the estimated take home salary of a Verification & Validation Engineer at Magna Steyr in India?

The estimated take-home salary of a Verification & Validation Engineer at Magna Steyr in India typically ranges from ₹54,254 to ₹55,609 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 2 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 5 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 Verification & Validation Engineer in India?

Volvo	₹2.8 Lakhs to ₹26.9 Lakhs per year
Alstom Transportation	₹6.0 Lakhs to ₹20.5 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 Verification & Validation Engineer in companies similar to Magna Steyr in India?

The salary of a Verification & Validation Engineer at companies similar to Magna Steyr in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Ford Motor	₹4.0 Lakhs to ₹14.0 Lakhs per year
Hyundai Motor India Limited	₹4.6 Lakhs to ₹5.8 Lakhs per year
General Motors	₹3.1 Lakhs to ₹6.0 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 Verification & Validation Engineer at Magna Steyr in India?

The salary growth for a Verification & Validation Engineer at Magna Steyr depends on factors such as experience, performance, and promotions. On average, a Verification & Validation Engineer can expect the following growth trajectory at Magna Steyr:

Experience	Average Salary Range
2 years	₹7.2 Lakhs to ₹9.2 Lakhs per year
3 years	₹7.0 Lakhs to ₹8.9 Lakhs per year
4 years	₹6.7 Lakhs to ₹8.5 Lakhs per year
5 years	₹6.4 Lakhs to ₹8.2 Lakhs per year

and so on.

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Magna Steyr Verification & Validation Engineer Salaries

Magna Steyr Verification & Validation Engineer salary in India ranges between ₹6.5 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Magna Steyr latest salaries received from various employees of Magna Steyr.