Magna Steyr Salaries by 800+ Employees (Updated 2024)

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Research & Development Engineering - Software & QA Production, Manufacturing & Engineering Human Resources + 6 more

Designation	Avg Annual Salary	Open Jobs
Trainee Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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HR Manager 13 - 14 years exp. (AmbitionBox Estimate)	₹16.4 L/yr - ₹20.9 L/yr
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System Engineer 2 - 3 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
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Sr.Engineer-Projects 2 - 6 years exp. (AmbitionBox Estimate)	₹13.6 L/yr - ₹17.4 L/yr
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Software Developer 6 years exp. (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
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Project Lead 5 - 20 years exp. (AmbitionBox Estimate)	₹14.4 L/yr - ₹18.4 L/yr
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L2 Engineer 4 - 6 years exp. (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.5 L/yr
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Automation Test Engineer 5 - 6 years exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
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Embedded Developer 3 - 4 years exp. (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
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BIW Design Engineer 3 - 4 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
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Wiring Harness Design Engineer 3 - 4 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
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System Test Engineer 3 - 5 years exp. (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
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Embedded Software Testing Engineer 4 - 5 years exp. (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.6 L/yr
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Lead Cae Engineer 9 - 10 years exp. (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.5 L/yr
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Transmission Design Engineer 2 - 3 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
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Validation Engineer 2 4 - 5 years exp. (AmbitionBox Estimate)	₹15.6 L/yr - ₹20 L/yr
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Mechanical Engineer 1 - 14 years exp. (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
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Senior Systems Engineer 6 - 9 years exp. (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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Team Manager 14 years exp. (AmbitionBox Estimate)	₹22.9 L/yr - ₹29.2 L/yr
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Recruitment Specialist 4 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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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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Salary related reviews for Magna Steyr

3.8

Rated by 97 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.

Dislikes

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

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

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Magna Steyr interview questions by designations

Design Engineer (2)Software Engineer (1)Senior Design Engineer (1)

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Magna Steyr Salary FAQs

How much does Magna Steyr pay per year?

The average Magna Steyr salary ranges from approximately ₹3.2 Lakhs to ₹4 Lakhs per year for a Graduate Engineer Trainee (Get) and ₹13 Lakhs to ₹37 Lakhs per year for a Senior Leader Engineer. Salary estimates are based on 857 Magna Steyr salaries received from various employees of Magna Steyr. Magna Steyr employees rate the overall salary and benefits package 3.8/5 stars.

What is the highest salary in Magna Steyr?

The highest-paying job at Magna Steyr is a Senior Leader Engineer with a salary of ₹13 Lakhs to ₹37 Lakhs per year. The top 10% of employees earn more than ₹19 lakhs per year. The top 1% earn more than a whopping ₹36 lakhs per year.

What is the minimum salary in Magna Steyr?

Minimum salary at Magna Steyr depends on the role you are applying for. For Graduate Engineer Trainee (Get) the minimum salary is ₹3.2 Lakhs to ₹4 Lakhs per year, and for Associate Engineer the minimum salary is ₹3.8 Lakhs to ₹7 Lakhs per year and so on.

What is the salary package for freshers in Magna Steyr?

The average salary at Magna Steyr for freshers is ₹3.7 Lakhs per year for Graduate Engineer Trainee (Get).

What is the notice period at Magna Steyr?

According to AmbitionBox, 78% of the Magna Steyr employees reported a notice period of 3 Months, 10% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 382 responses on AmbitionBox in last 2 years.

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Magna Steyr Salaries by Location

Magna Steyr Salaries by Department

Average annual salary in Magna Steyr is INR . Salary estimates are based on 857 Magna Steyr latest salaries received from various employees of Magna Steyr.

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