Magneto IT Solutions Java Developer Salaries by 10+ Employees

2 - 3 years exp.

₹4.5 Lakhs - ₹5 Lakhs

Salary of majority employees

19% less than the average Java Developer Salary in IT Services & Consulting Companies for 2 - 3 years of experience

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Salaries in different departments

Engineering - Software & QA Java Developer Salary 2 - 3 years exp. (11 salaries)	₹4.5 L/yr - ₹4.9 L/yr
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Research & Development Java Developer Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹5 L/yr

Last Updated: 19 Sep 2024

Companies similar to Magneto IT Solutions for Java Developer

Company name	Avg Annual Salary	Open Jobs
Fidel Softech Java Developer Salary 1 - 2 years exp. (21 salaries)	₹3.3 L/yr - ₹4.9 L/yr 16% less
Pilog Java Developer Salary 0 - 6 years exp. (12 salaries)	₹1.5 L/yr - ₹6.6 L/yr 8% less
Login to view exact salary
Primus Global Technologies Java Developer Salary 0 - 5 years exp. (9 salaries)	₹1.8 L/yr - ₹10 L/yr 17% more	1 job opening
Vensai Technologies Java Developer Salary 1 - 5 years exp. (7 salaries)	₹4.8 L/yr - ₹12.8 L/yr 53% more
Rawcubes India Java Developer Salary 1 - 2 years exp. (6 salaries)	₹3.6 L/yr - ₹4.7 L/yr 11% less
StraViso Java Developer Salary 3 - 4 years exp. (4 salaries)	₹4.2 L/yr - ₹13.5 L/yr 76% more
Apex Systems Java Developer Salary 3 years exp. (3 salaries)	₹4.3 L/yr - ₹5.5 L/yr 3% more	1 job opening

Java Developer salary at Magneto IT Solutions ranges between ₹4.5 Lakhs to ₹5 Lakhs per year for employees with experience between 2 years to 3 years. Salary estimates are based on 13 latest salaries received from various employees of Magneto IT Solutions.

Experience wise Magneto IT Solutions Java Developer salaries

Last Updated: 19 Sep 2024

Experience	Avg Annual Salary
2 years (7 salaries)	₹4.5 L/yr - ₹5 L/yr
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3 years (6 salaries)	₹4.5 L/yr - ₹5 L/yr

Salary related reviews for Magneto IT Solutions

2.0

Rated by 1 employees for salary & benefits

Senior Engineer in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

1.0

• posted on 13 Oct 2023

1.0

for Salary and Benefits

Likes

There is nothing to like here.

Dislikes

If you are fresher just don't join here. They pay less no job security at all. Their HR takes WFH whenever she needs but denies WFH to people in need. They don't even a proper internet connection. Look for something else instead of this company.

Salary - Bad

+6 more

Software Developer in Pune

Engineering - Software & QA Department

1.0

• posted on 20 Dec 2021

1.0

for Salary and Benefits

Likes

Salary on time. Final option for fresher but avoid if possible

Dislikes

Unprofessional management. Low salary. No benefits. Very long working hours. Sometimes working on weekend also. No job security, they will fire you because manager don't like you even if your performance is good

Salary - Bad

+6 more

Associate in Pune

Full Time

Engineering - Hardware & Networks Department

1.0

• posted on 06 Mar 2024

2.0

for Salary and Benefits

Likes

You can learn some basic things, nothing else.

Dislikes

...operative, you can't trust anyone. A lot of politics happens on the floor. The Management is always behind cutting the salary of employees. Salary is not justified with the work. Regarding the policy they actually have employer centric p If you want appraisal you have to sign a bond again, and this policy they will only disclose at the time of your appraisal. So I think you are getting how they trap people 😅 So if you want to sacrifice your mental peace, family life, and health. Please join this company your wish will be definitely full filled.

Salary - Poor

+5 more

Marketing Executive in Pune

Full Time

Marketing & Communication Department

5.0

• posted on 19 Apr 2024

5.0

for Salary and Benefits

Likes

Working with such excellent company has been an unforgeable experience. There were helpful co-workers who helped me while I was having trouble. Working with amazing team was another wonderful experience.

Salary - Excellent

+6 more

Dislikes

I haven't had any problem as I mentioned I worked with great team

Digital Marketing Lead in Ahmedabad

Full Time

Marketing & Communication Department

5.0

• posted on 28 Apr 2023

5.0

for Salary and Benefits

Likes

As the Digital Marketing Lead at Magneto IT Solutions, I proudly say that Magneto has been the first company of my career, and I am glad I got to experience it. I have completed seven years of enriching professional journey with team MIS. My overall experience is excellent. Undoubtedly Magneto is the best place to kickstart your career.

Salary - Excellent

+6 more

Dislikes

While my experience at Magneto IT Solutions has been overwhelmingly positive, I haven't encountered any significant cons that come to mind.

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Salary Discussions, Hike & Promotions

an architect

Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Magneto IT Solutions Java Developer Salary FAQs

What is the salary of Java Developer at Magneto IT Solutions ?

The average salary of a Java Developer at Magneto IT Solutions in India typically ranges from ₹4.5 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 2 years to 3 years).

The top 10% of Java Developer at Magneto IT Solutions earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Java Developer Salaries at Magneto IT Solutions 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 10+ Magneto IT Solutions employees in India.

What is the estimated take home salary of a Java Developer at Magneto IT Solutions in India?

The estimated take-home salary of a Java Developer at Magneto IT Solutions in India typically ranges from ₹34,854 to ₹36,096 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 2 years 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 10+ salaries received from various employees of Magneto IT Solutions. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magneto IT Solutions for Java Developer in India?

StraViso	₹4.2 Lakhs to ₹13.5 Lakhs per year
Vensai Technologies	₹4.8 Lakhs to ₹12.8 Lakhs per year
Primus Global Technologies	₹1.8 Lakhs to ₹10.0 Lakhs per year
Apex Systems	₹4.3 Lakhs to ₹5.5 Lakhs per year

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

What is the salary of a Java Developer in companies similar to Magneto IT Solutions in India?

The salary of a Java Developer at companies similar to Magneto IT Solutions in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Pilog	₹1.5 Lakhs to ₹6.6 Lakhs per year
Rawcubes India	₹3.6 Lakhs to ₹4.7 Lakhs per year
Fidel Softech	₹3.3 Lakhs to ₹4.9 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 Java Developer at Magneto IT Solutions in India?

The salary growth for a Java Developer at Magneto IT Solutions depends on factors such as experience, performance, and promotions. On average, a Java Developer can expect the following growth trajectory at Magneto IT Solutions:

Experience	Average Salary Range
2 years	₹4.5 Lakhs to ₹5.0 Lakhs per year
3 years	₹4.5 Lakhs to ₹5.0 Lakhs per year

and so on.

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Magneto IT Solutions Java Developer Salaries

Magneto IT Solutions Java Developer salary in India ranges between ₹4.5 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Magneto IT Solutions latest salaries received from various employees of Magneto IT Solutions.