Magnum Clothing Accountant Salaries by 4 Employees

2 - 5 years exp.

₹2.1 Lakhs - ₹3.4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

24% less than the average Accountant Salary in Fashion & Textile Companies for 2 - 5 years of experience

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Last Updated: 10 Mar 2023

Companies similar to Magnum Clothing for Accountant

Company name	Avg Annual Salary	Open Jobs
Om Enterprises Accountant Salary 1 - 12 years exp. (29 salaries)	₹1.2 L/yr - ₹4.2 L/yr 3% more
Orient Craft Accountant Salary 1 - 19 years exp. (14 salaries)	₹2.4 L/yr - ₹6.1 L/yr 64% more
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H&M Accountant Salary 8 - 16 years exp. (11 salaries)	₹6 L/yr - ₹11 L/yr 251% more
VKC Group Accountant Salary 2 - 8 years exp. (7 salaries)	₹2.2 L/yr - ₹8.1 L/yr 53% more
NSL Textiles Accountant Salary 1 - 15 years exp. (7 salaries)	₹1.8 L/yr - ₹4.4 L/yr 21% more
PUMA Accountant Salary 3 - 10 years exp. (6 salaries)	₹7.5 L/yr - ₹11 L/yr 263% more
Shree Bharat International Accountant Salary 1 - 5 years exp. (5 salaries)	₹1.5 L/yr - ₹2 L/yr 34% less
Rupa Accountant Salary 3 - 8 years exp. (5 salaries)	₹1.1 L/yr - ₹3.5 L/yr 12% less
Vedant Fashions Accountant Salary 1 - 13 years exp. (5 salaries)	₹1.7 L/yr - ₹2.4 L/yr 20% less	1 job opening
Garware Technical Fibres Accountant Salary 0 - 5 years exp. (5 salaries)	₹2 L/yr - ₹3.3 L/yr 5% more
Leayan Global Accountant Salary 10 - 15 years exp. (4 salaries)	₹2.7 L/yr - ₹3.2 L/yr 12% more
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House Of Anita Dongre Accountant Salary 2 - 15 years exp. (4 salaries)	₹4.5 L/yr - ₹8 L/yr 132% more
Fossil Group Accountant Salary 4 - 7 years exp. (4 salaries)	₹4 L/yr - ₹6.7 L/yr 108% more
Coats Accountant Salary 5 - 6 years exp. (3 salaries)	₹1.2 L/yr - ₹8 L/yr 40% more
Orient Fashions Accountant Salary 3 - 7 years exp. (3 salaries)	₹1.6 L/yr - ₹10 L/yr 76% more
Richa & Co. Accountant Salary 4 - 15 years exp. (3 salaries)	₹1.5 L/yr - ₹4 L/yr 5% more

Accountant salary at Magnum Clothing ranges between ₹2.1 Lakhs to ₹3.4 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Magnum Clothing.

Experience wise Magnum Clothing Accountant salaries

Last Updated: 10 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
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4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.5 L/yr

Similar Designation salaries in Magnum Clothing

Account Assistant Salary

(7 salaries)

₹0.9 L/yr - ₹2.2 L/yr

Management Trainee Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Top skills at Magnum Clothing for Accountant

General Ledger Cash Flow Excel Tally MIS Reporting Accounts Payable Fund Flow Reconciliation Auditing Accounting

Salary related reviews for Magnum Clothing

5.0

Rated by 1 employees for salary & benefits

Garment Technician in Chennai

Full Time

Merchandising, Retail & eCommerce Department

4.0

• posted on 05 Aug 2021

2.0

for Salary and Benefits

Likes

Such a good industry to learn everything and simple word if you have knowledge you will get the promotion soon after reviewing the performance and in order to performance you will get the salary hike and posting.

Skill development - Good

+3 more

Dislikes

Increment and bonus is less..

Salary - Poor

+1 more

2D / 3D Pattern Master in Chennai

Full Time

Project & Program Management Department

4.0

• posted on 12 Oct 2023

3.0

for Salary and Benefits

Likes

Owner is very good person.

Company culture - Good

Dislikes

Working with Magnum most of the people are very friendly and kindness. but some are very bad / ugly behaviors on their mind and their working activities. Their Job role they getting personal.

Skill development - Bad

+2 more

Garment Technician in Tamil Nadu , Chennai, Chrompet

UX, Design & Architecture Department

5.0

• posted on 13 Sep 2020

5.0

for Salary and Benefits

Likes

Our company provide mask, daily checking temperature, nd sanitizer. 100% out of 200% safety nd secured for women's.

Salary - Excellent

+6 more

Dislikes

Our company place s interior. So we feel main area mean help us employees travels process

Junior Merchandiser in Chennai

Merchandising, Retail & eCommerce Department

3.0

• posted on 19 Nov 2021

3.0

for Salary and Benefits

Likes

Working time is flexible

Dislikes

They are not accept our own ideas,We need to depend Head of department.Not able to gaining Knowledge.Fully Politics so Job Security is less chance.if your Slave for Head of department person you have life long job security.Designing and production team co-ordination level is poor.

Skill development - Poor

+4 more

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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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Magnum Clothing Accountant Salary FAQs

What is the salary of Accountant at Magnum Clothing ?

The average salary of a Accountant at Magnum Clothing in India typically ranges from ₹2.1 Lakhs to ₹3.4 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of Accountant at Magnum Clothing earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹3.4 Lakhs per year. Accountant Salaries at Magnum Clothing 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 Magnum Clothing employees in India.

What is the estimated take home salary of a Accountant at Magnum Clothing in India?

The estimated take-home salary of a Accountant at Magnum Clothing in India typically ranges from ₹17,993 to ₹19,687 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹3.4 Lakhs per year for employees with experience ranging from 2 years to 5 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 Magnum Clothing. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Accountant at Magnum Clothing ?

To be a Accountant at Magnum Clothing in india, the key skills required include:

- General Ledger
- Cash Flow
- Excel
- Tally
- MIS Reporting

These skills are highly valued at Magnum Clothing and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Magnum Clothing for Accountant in India?

PUMA	₹7.5 Lakhs to ₹11.0 Lakhs per year
H&M	₹6.0 Lakhs to ₹11.0 Lakhs per year
House Of Anita Dongre	₹4.5 Lakhs to ₹8.0 Lakhs per year
Fossil Group	₹4.0 Lakhs to ₹6.7 Lakhs per year
Orient Fashions	₹1.6 Lakhs to ₹10.0 Lakhs per year

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

What is the salary of a Accountant in companies similar to Magnum Clothing in India?

The salary of a Accountant at companies similar to Magnum Clothing in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Orient Craft	₹2.4 Lakhs to ₹6.1 Lakhs per year
VKC Group	₹2.2 Lakhs to ₹8.1 Lakhs per year
Coats	₹1.2 Lakhs to ₹8.0 Lakhs per year
NSL Textiles	₹1.8 Lakhs to ₹4.4 Lakhs per year
Leayan Global	₹2.7 Lakhs to ₹3.2 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 Accountant at Magnum Clothing in India?

The salary growth for a Accountant at Magnum Clothing depends on factors such as experience, performance, and promotions. On average, a Accountant can expect the following growth trajectory at Magnum Clothing:

Experience	Average Salary Range
2 years	₹1.9 Lakhs to ₹2.4 Lakhs per year
3 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
4 years	₹2.5 Lakhs to ₹3.1 Lakhs per year
5 years	₹2.8 Lakhs to ₹3.5 Lakhs per year

and so on.

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Magnum Clothing Accountant Salaries

Magnum Clothing Accountant salary in India ranges between ₹2.1 Lakhs to ₹3.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magnum Clothing latest salaries received from various employees of Magnum Clothing.