Magnum Mi Steel Junior Engineer Salaries by 5 Employees

3 - 5 years exp.

₹2 Lakhs - ₹3 Lakhs

Salary of majority employees

26% less than the average Junior Engineer Salary in Iron & Steel Companies for 3 - 5 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Junior Engineer Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3 L/yr
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Research & Development Junior Engineer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 8 May 2024

Junior Engineer salary at Magnum Mi Steel ranges between ₹2 Lakhs to ₹3 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Magnum Mi Steel.

Experience wise Magnum Mi Steel Junior Engineer salaries

Last Updated: 8 May 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹4.6 L/yr
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5 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.8 L/yr

Similar Designation salaries in Magnum Mi Steel

Senior Engineer Salary

(10 salaries)

₹4 L/yr - ₹5.4 L/yr

Quality Engineer Salary

(14 salaries)

₹1.8 L/yr - ₹3.6 L/yr

QA QC Engineer Salary

(4 salaries)

₹2.7 L/yr - ₹4.2 L/yr

Deputy Manager Salary

(5 salaries)

₹8.05 L/yr - ₹10.8 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹4.6 L/yr - ₹5.9 L/yr

Site Supervisor Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Salary related reviews for Magnum Mi Steel

Production Engineer in Delhi

Mechanical engineering Department

5.0

• posted on 11 Jun 2021

2.0

for Salary and Benefits

Likes

Good work environment and culture.company policies are good, appraisal are fair and they good salary and bonus every year .

Skill development - Excellent

+5 more

Dislikes

There is a lot of politics and the management address our issues.on the job training is not good.

Salary - Poor

Dispatch Supervisor in New Delhi

Full Time

Procurement & Supply Chain Department

5.0

• posted on 24 Apr 2024

2.0

for Salary and Benefits

Likes

The only thing is that they are good into business

Dislikes

The work culture is bad and don’t have fixed off on sat. There is no time table at the time of interview they say 8 hrs job but it extend up to 12-13 hours with no overtime.

Salary - Poor

+4 more

Store Incharge in Gurgaon / Gurugram

Full Time

Procurement & Supply Chain Department

5.0

• posted on 06 Nov 2023

1.0

for Salary and Benefits

Likes

This is a very nice culture and good seniors behaviour and good performance but not promotions improvement.

Skill development - Excellent

+3 more

Dislikes

Company culture good but Some people do very bad politics which I don't like politics system.

Salary - Bad

+1 more

Assistant Manager- Purchase in Bawal

Full Time

Procurement & Supply Chain Department

4.0

• posted on 17 Jul 2019

3.0

for Salary and Benefits

Likes

Magnum MI Steel, company is too good for a local Employees to grow and learning.

Skill development - Good

+3 more

Dislikes

About dislike is nothing, all over organization is good. But there is not available canteen where employees can sit and take rest in lunch time. I don't want to say about accommodating (food) but there should be a relexable place to take rest.

Executive in Gurgaon / Gurugram

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 02 Oct 2023

2.0

for Salary and Benefits

Likes

Outer looks of company.

Dislikes

No basic facility like Good quality Ro water for drinking & Toilet condition is worst. Plant head is very Rude and Egoist person only Tel pani person can servior there. NO basic culture to growth....My experience is worst with this company. No appreciation on work even I work for 15-16 hours some time as I was there in RND depart.

Salary - Poor

+5 more

see more salary related reviews

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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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Magnum Mi Steel Junior Engineer Salary FAQs

What is the salary of Junior Engineer at Magnum Mi Steel ?

The average salary of a Junior Engineer at Magnum Mi Steel in India typically ranges from ₹2.0 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Junior Engineer at Magnum Mi Steel earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Junior Engineer Salaries at Magnum Mi Steel 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 5 Magnum Mi Steel employees in India.

What is the estimated take home salary of a Junior Engineer at Magnum Mi Steel in India?

The estimated take-home salary of a Junior Engineer at Magnum Mi Steel in India typically ranges from ₹17,840 to ₹19,535 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 3 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 5 salaries received from various employees of Magnum Mi Steel. Check how we calculate in-hand salary with our in-hand salary calculator.

How the salary growth look like for a Junior Engineer at Magnum Mi Steel in India?

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

Experience	Average Salary Range
3 years	₹1.1 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.0 Lakhs to ₹4.6 Lakhs per year
5 years	₹2.0 Lakhs to ₹2.8 Lakhs per year

and so on.

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Magnum Mi Steel Junior Engineer Salaries

Magnum Mi Steel Junior Engineer salary in India ranges between ₹2 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Magnum Mi Steel latest salaries received from various employees of Magnum Mi Steel.