Magnecomp Precision Technology Tool Engineer Salaries by 9 Employees (Updated 2024)

6 - 13 years exp.

₹5.1 Lakhs - ₹18 Lakhs

Salary of majority employees

38% more than the average Tool Engineer Salary for 6 - 13 years of experience

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Last Updated: 7 Nov 2024

Companies similar to Magnecomp Precision Technology for Tool Engineer

Company name	Avg Annual Salary	Open Jobs
Wipro Tool Engineer Salary 1 - 2 years exp. (4 salaries)	₹2 L/yr - ₹3.2 L/yr 78% less	1 job opening
TCS Tool Engineer Salary 1 - 7 years exp. (5 salaries)	₹2.5 L/yr - ₹6.3 L/yr 55% less
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Tech Mahindra Tool Engineer Salary 0 - 5 years exp. (3 salaries)	₹2.8 L/yr - ₹6 L/yr 63% less
Larsen & Toubro Limited Tool Engineer Salary 2 - 3 years exp. (3 salaries)	₹1.2 L/yr - ₹5 L/yr 75% less
Molex Tool Engineer Salary 4 - 10 years exp. (44 salaries)	₹4.2 L/yr - ₹9.7 L/yr 43% less

Tool Engineer salary at Magnecomp Precision Technology ranges between ₹5.1 Lakhs to ₹18 Lakhs per year for employees with experience between 6 years to 13 years. Salary estimates are based on 9 latest salaries received from various employees of Magnecomp Precision Technology.

Experience wise Magnecomp Precision Technology Tool Engineer salaries

Last Updated: 7 Nov 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹13.2 L/yr
7 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
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8 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹16.7 L/yr
9 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹12.6 L/yr
10 years (3 salaries)	₹7.2 L/yr - ₹15 L/yr
11 years (AmbitionBox Estimate)	₹11 L/yr - ₹14.1 L/yr
12 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹18 L/yr
13 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹25.5 L/yr

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Similar Designation salaries in Magnecomp Precision Technology

Tool Room Engineer Salary

(5 salaries)

₹6 L/yr - ₹13 L/yr

Design Engineer Salary

(AmbitionBox Estimate)

₹18.9 L/yr - ₹24.2 L/yr

Tool Maker Salary

(6 salaries)

₹5.05 L/yr - ₹10 L/yr

Tool & DIE Maker Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

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I accepted an offer where they gave me around 120% hike on current salary, but 2 weeks later I got to know that there are paying other candidates more than me for the same role with even less experience. Can I reach out to HR for salary revision after accepting offer? I still have 3 weeks left for joining. *My interview went really well. But HR low balled just becuase of current salary

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Magnecomp Precision Technology Tool Engineer Salary FAQs

What is the salary of Tool Engineer at Magnecomp Precision Technology?

Tool Engineer salary at Magnecomp Precision Technology in India ranges between ₹5.1 Lakhs to ₹18.0 Lakhs for experience between 6 years to 13 years. According to our estimates it is 38% more than the average Tool Engineer Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Magnecomp Precision Technology India.

How does the salary of a Tool Engineer at Magnecomp Precision Technology India compare with the average salary range for this job?

The average salary of a Tool Engineer at Magnecomp Precision Technology is 38% more than the average salary of a Tool Engineer in India. To know exact salary insights, login to view.

What is the salary of a Tool Engineer in companies similar to Magnecomp Precision Technology in India?

Molex Tool Engineer Salary - ₹4.2 Lakhs to ₹9.7 Lakhs per year
TCS Tool Engineer Salary - ₹2.5 Lakhs to ₹6.3 Lakhs per year
Tech Mahindra Tool Engineer Salary - ₹2.8 Lakhs to ₹6.0 Lakhs per year
Larsen & Toubro Limited Tool Engineer Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
Wipro Tool Engineer Salary - ₹2.0 Lakhs to ₹3.2 Lakhs per year

What is the estimated take home salary of a Tool Engineer at Magnecomp Precision Technology in India?

The estimated take-home salary of a Tool Engineer at Magnecomp Precision Technology ranges between ₹77,177 per month to ₹79,180 per month in India. The take-home salary calculation is based on the average Magnecomp Precision Technology Tool Engineer salary in India which ranges between ₹5.1 Lakhs to ₹18.0 Lakhs per year for employees with experience between 6 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Tool Engineer at Magnecomp Precision Technology?

According to AmbitionBox, 50% of the Magnecomp Precision Technology Tool Engineers reported a notice period of 1 Month, 38% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Magnecomp Precision Technology Tool Engineer Salaries

Magnecomp Precision Technology Tool Engineer salary in India ranges between ₹5.1 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Magnecomp Precision Technology latest salaries received from various employees of Magnecomp Precision Technology.