Magnetic FAAC Senior Design Engineer salaries in Chennai

The average salary of a Senior Design Engineer at Magnetic FAAC in Chennai typically ranges from ₹7.0 Lakhs to ₹7.5 Lakhs per year, depending on experience (from 7 years to 9 years).

The top 10% of Senior Design Engineer in Chennai at Magnetic FAAC earn more than ₹7.5 Lakhs per year, and the top 1% earn over ₹7.5 Lakhs per year. Senior Design Engineer Salaries at Magnetic FAAC 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 4 Magnetic FAAC employees in India.

The estimated take-home salary of a Senior Design Engineer at Magnetic FAAC in Chennai typically ranges from ₹54,086 to ₹55,435 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from 7 years to 9 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 4 salaries received from various employees of Magnetic FAAC. Check how we calculate in-hand salary with our in-hand salary calculator.

Renault Nissan Technology & Business Centre India	₹4.5 Lakhs to ₹15.8 Lakhs per year
L&T Technology Services	₹4.3 Lakhs to ₹13.6 Lakhs per year
Larsen & Toubro Limited	₹4.0 Lakhs to ₹11.5 Lakhs per year
L&T Construction	₹5.0 Lakhs to ₹10.0 Lakhs per year

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

The salary of a Senior Design Engineer at companies similar to Magnetic FAAC in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Seoyon E-hwa Automotive

₹6.5 Lakhs to ₹7.0 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.

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

Experience	Average Salary Range
7 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
8 years	₹6.8 Lakhs to ₹8.6 Lakhs per year
9 years	₹6.8 Lakhs to ₹8.6 Lakhs per year

and so on.