Magnaquest Technologies Software Developer Salaries by 20+ Employees

0 - 3 years exp.

₹3 Lakhs - ₹5.9 Lakhs

Avg. annual salary

Monthly In-hand Salary

49% less than the average Software Developer Salary in Software Product Companies for 0 - 3 years of experience

Interested in this particular role?

Last Updated: 13 Nov 2024

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Software Developer salary at Magnaquest Technologies ranges between ₹3 Lakhs to ₹5.9 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 28 latest salaries received from various employees of Magnaquest Technologies.

Latest annual salaries shared by Magnaquest Technologies Software Developer

1mo ago

₹5 Lakhs

1 year exp.

1y ago

₹4 Lakhs

8 months exp.

1y ago

₹5.9 Lakhs

3 years exp.

1y ago

₹4.1 Lakhs

2 years exp.

1y ago

₹4.3 Lakhs

3 years exp.

1y ago

1 year exp.

1y ago

1 year exp.

1y ago

3 years exp.

1y ago

2 years exp.

1y ago

1 year exp.

Experience wise Magnaquest Technologies Software Developer salaries

Last Updated: 13 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹4 L/yr
1 year (8 salaries)	₹3 L/yr - ₹5 L/yr
Login to view exact salary
2 years (12 salaries)	₹3 L/yr - ₹8 L/yr
3 years (6 salaries)	₹3.5 L/yr - ₹5.9 L/yr

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Salary related reviews for Magnaquest Technologies

1.4

Rated by 6 employees for salary & benefits

Senior Software Engineer in Hyderabad / Secunderabad

Engineering - Software & QA Department

4.0

• posted on 06 Sep 2018

2.0

for Salary and Benefits

Likes

Fantastic company to work with for freshers. you will get lot of opportunity to learn and grow but one will have to compromise on compensation. It’s below market standard. But I believe compensation is one which freshers should not be worried about but the amount of learning one get is more important. Nice colleagues, good manager’s. I would recommend it to freshers.

Skill development - Good

+4 more

Dislikes

Salary/ appraisals

Salary - Poor

ASP.NET MVC Developer in Hyderabad / Secunderabad

Engineering - Software & QA Department

2.0

• posted on 28 Oct 2019

1.0

for Salary and Benefits

Likes

Work environment and colleagues are good but management is too worst.they won't process salary on time.we have to beg them for our salary.

Dislikes

We are working for them.they have to pay us.this is commonsense.but they don't have.

Salary - Bad

+5 more

DOT NET Developer

Engineering - Software & QA Department

4.0

• posted on 26 Feb 2019

3.0

for Salary and Benefits

Likes

We can have lot of opportunity to learn and there is no restriction like dress code we can come to office in casuals and we can interact with any other team without restrictions and good work life balance and good guidance from seniors

Job security - Excellent

+2 more

Dislikes

The salary is delayed by 1 month

Lead Generation Executive in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

5.0

• posted on 17 Oct 2024

4.0

for Salary and Benefits

Likes

I've had the pleasure of working at Magnaquest for the past few months, and it was truly been a transformative experience. The company fosters a culture of innovation and collaboration, which makes everyday exciting. From the start, I was welcomed into a supportive environment where my ideas were valued. The Leadership team is approachable and genuinely invested in employee development. They Provide ample opportunities for professional growth through training programs and mentorship. This place has an excellent work-life balance. My ability to work remotely and have flexible work hours has helped me balance my personal obligations with my productivity.

Salary - Good

+6 more

Dislikes

Nothing

Inside Sales Executive in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

5.0

• posted on 18 Oct 2024

4.0

for Salary and Benefits

Likes

I have been working with MQ for past 5 years. I have learnt a lot over these years and it has helped me incline in my career path. The team is really supportive and dedicated towards work. Good work place with good environment.

Salary - Good

+5 more

Dislikes

There are no team building activities. Some times it gets boring

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Magnaquest Technologies Software Developer Salary FAQs

What is the salary of Software Developer at Magnaquest Technologies ?

The average salary of a Software Developer at Magnaquest Technologies in India typically ranges from ₹3.0 Lakhs to ₹5.9 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Software Developer at Magnaquest Technologies earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹5.9 Lakhs per year. Software Developer Salaries at Magnaquest Technologies 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 20+ Magnaquest Technologies employees in India.

What is the estimated take home salary of a Software Developer at Magnaquest Technologies in India?

The estimated take-home salary of a Software Developer at Magnaquest Technologies in India typically ranges from ₹31,927 to ₹33,212 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹5.9 Lakhs per year for employees with experience ranging from Fresher to 3 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 20+ salaries received from various employees of Magnaquest Technologies. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magnaquest Technologies for Software Developer in India?

BrowserStack	₹18.3 Lakhs to ₹30.0 Lakhs per year
Bottomline	₹10.0 Lakhs to ₹30.0 Lakhs per year
Soroco	₹12.2 Lakhs to ₹24.0 Lakhs per year
Fleetx.io	₹14.0 Lakhs to ₹16.5 Lakhs per year
Aurigo	₹6.0 Lakhs to ₹22.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Magnaquest Technologies, depending on the role and experience level.

What is the salary of a Software Developer in companies similar to Magnaquest Technologies in India?

The salary of a Software Developer at companies similar to Magnaquest Technologies in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Ameyo	₹6.0 Lakhs to ₹21.0 Lakhs per year
Happay	₹11.0 Lakhs to ₹15.0 Lakhs per year
RGBSI	₹6.0 Lakhs to ₹16.0 Lakhs per year
ValGenesis	₹4.5 Lakhs to ₹14.0 Lakhs per year
Bravura Solutions	₹7.0 Lakhs to ₹16.2 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 Software Developer at Magnaquest Technologies in India?

The salary growth for a Software Developer at Magnaquest Technologies depends on factors such as experience, performance, and promotions. On average, a Software Developer can expect the following growth trajectory at Magnaquest Technologies:

Experience	Average Salary Range
Fresher	₹3.0 Lakhs to ₹4.0 Lakhs per year
1 year	₹3.0 Lakhs to ₹5.0 Lakhs per year
2 years	₹3.0 Lakhs to ₹8.0 Lakhs per year
3 years	₹3.5 Lakhs to ₹5.9 Lakhs per year

and so on.

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Magnaquest Technologies Software Developer Salaries

Magnaquest Technologies Software Developer salary in India ranges between ₹3 Lakhs to ₹5.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 28 Magnaquest Technologies latest salaries received from various employees of Magnaquest Technologies.