Magnetic Controls Design Engineer Salaries by 3 Employees

3 - 6 years exp.

₹2.6 Lakhs - ₹4.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

33% less than the average Design Engineer Salary for 3 - 6 years of experience

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Last Updated: 10 Nov 2023

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Patil Group Design Engineer Salary 0 - 2 years exp. (3 salaries)	₹1.8 L/yr - ₹3.5 L/yr 20% less

Design Engineer salary at Magnetic Controls ranges between ₹2.6 Lakhs to ₹4.2 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of Magnetic Controls.

Experience wise Magnetic Controls Design Engineer salaries

Last Updated: 10 Nov 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr

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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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Magnetic Controls Design Engineer Salary FAQs

How the salary growth look like for a Design Engineer at Magnetic Controls in India?

The salary growth for a Design Engineer at Magnetic Controls depends on factors such as experience, performance, and promotions. On average, a Design Engineer can expect the following growth trajectory at Magnetic Controls:

Experience	Average Salary Range
3 years	₹2.3 Lakhs to ₹3.0 Lakhs per year
5 years	₹3.2 Lakhs to ₹4.1 Lakhs per year
6 years	₹3.8 Lakhs to ₹4.8 Lakhs per year

and so on.

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Magnetic Controls Design Engineer Salaries

Magnetic Controls Design Engineer salary in India ranges between ₹2.6 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magnetic Controls latest salaries received from various employees of Magnetic Controls.