Magnum Mi Steel Junior Engineer Salaries by 4 Employees (Updated 2024)

4 - 5 years exp.

₹2 Lakhs - ₹2.8 Lakhs

Salary of majority employees

34% less than the average Junior Engineer Salary in Iron & Steel Companies for 4 - 5 years of experience

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Salaries in different departments

Research & Development Junior Engineer Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr
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Production, Manufacturing & Engineering Junior Engineer Salary 5 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr

Last Updated: 16 Mar 2023

Companies similar to Magnum Mi Steel for Junior Engineer

Company name	Avg Annual Salary	Open Jobs
Tata Steel Junior Engineer Salary 0 - 13 years exp. (875 salaries)	₹2 L/yr - ₹10 L/yr 195% more
JSW Steel Junior Engineer Salary 0 - 7 years exp. (2.1k salaries)	₹1.6 L/yr - ₹5.5 L/yr 66% more
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Steel Authority Of India Junior Engineer Salary 3 - 12 years exp. (21 salaries)	₹2.8 L/yr - ₹10 L/yr 195% more
ArcelorMittal Nippon Steel Junior Engineer Salary 0 - 5 years exp. (138 salaries)	₹1.5 L/yr - ₹4.7 L/yr 29% more
Jindal Steel and Power Junior Engineer Salary 0 - 6 years exp. (984 salaries)	₹1.3 L/yr - ₹5.6 L/yr 70% more
Vedanta Limited Junior Engineer Salary 0 - 10 years exp. (4 salaries)	₹1.2 L/yr - ₹12.5 L/yr 136% more
ArcelorMittal Junior Engineer Salary 0 - 4 years exp. (6 salaries)	₹2.5 L/yr - ₹4.5 L/yr 41% more
Bhushan Power & Steel Junior Engineer Salary 1 - 7 years exp. (110 salaries)	₹1.5 L/yr - ₹5.3 L/yr 65% more
Vizag Steel Junior Engineer Salary 2 - 6 years exp. (9 salaries)	₹5 L/yr - ₹7.3 L/yr 123% more
Monnet Group Junior Engineer Salary 3 - 6 years exp. (6 salaries)	₹3.3 L/yr - ₹5.1 L/yr 88% more
Shilpa Steel and Power Junior Engineer Salary 0 - 6 years exp. (44 salaries)	₹1.4 L/yr - ₹3 L/yr 6% more
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Jsl Lifestyle Junior Engineer Salary 1 - 6 years exp. (33 salaries)	₹2.1 L/yr - ₹4.5 L/yr 44% more
Patton International Junior Engineer Salary 2 - 8 years exp. (30 salaries)	₹1.1 L/yr - ₹3 L/yr 4% more
Genau Extrusions Junior Engineer Salary 4 - 10 years exp. (15 salaries)	₹2.1 L/yr - ₹3.7 L/yr 20% more
Agni Steels Junior Engineer Salary 1 - 7 years exp. (15 salaries)	₹2.1 L/yr - ₹3.1 L/yr 26% more
Ptc Industries Junior Engineer Salary 1 - 9 years exp. (15 salaries)	₹1.5 L/yr - ₹3.9 L/yr 21% more
Flow Link Systems Junior Engineer Salary 1 - 12 years exp. (12 salaries)	₹2.2 L/yr - ₹4.3 L/yr 35% more
Ramco Steels Junior Engineer Salary 3 - 7 years exp. (11 salaries)	₹2.4 L/yr - ₹3.4 L/yr 29% more
Hmm Infra Junior Engineer Salary 1 - 5 years exp. (10 salaries)	₹1.8 L/yr - ₹2.9 L/yr 2% less
ANUGRAHA VALVE CASTINGS Junior Engineer Salary 2 - 8 years exp. (7 salaries)	₹1.8 L/yr - ₹2.4 L/yr 5% less

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Junior Engineer salary at Magnum Mi Steel ranges between ₹2 Lakhs to ₹2.8 Lakhs per year for employees with experience between 4 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Magnum Mi Steel.

Experience wise Magnum Mi Steel Junior Engineer salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.4 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 .

Dislikes

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

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.

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.

Dislikes

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

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.

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.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Magnum Mi Steel Junior Engineer Salary FAQs

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

Junior Engineer salary at Magnum Mi Steel in India ranges between ₹2.0 Lakhs to ₹2.8 Lakhs for experience between 4 years to 5 years. According to our estimates it is 34% less than the average Junior Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magnum Mi Steel India.

How does the salary of a Junior Engineer at Magnum Mi Steel India compare with the average salary range for this job?

The average salary of a Junior Engineer at Magnum Mi Steel is 34% less than the average salary of a Junior Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magnum Mi Steel to a Junior Engineer in India?

Tata Steel Junior Engineer Salary - ₹2.0 Lakhs to ₹10.0 Lakhs per year
Steel Authority Of India Junior Engineer Salary - ₹2.8 Lakhs to ₹10.0 Lakhs per year
Vedanta Limited Junior Engineer Salary - ₹1.2 Lakhs to ₹12.5 Lakhs per year
Vizag Steel Junior Engineer Salary - ₹5.0 Lakhs to ₹7.3 Lakhs per year
Monnet Group Junior Engineer Salary - ₹3.3 Lakhs to ₹5.1 Lakhs per year

What is the salary of a Junior Engineer in companies similar to Magnum Mi Steel in India?

Jindal Steel and Power Junior Engineer Salary - ₹1.3 Lakhs to ₹5.6 Lakhs per year
JSW Steel Junior Engineer Salary - ₹1.6 Lakhs to ₹5.5 Lakhs per year
Bhushan Power & Steel Junior Engineer Salary - ₹1.5 Lakhs to ₹5.3 Lakhs per year
Yg Cutting Tools Junior Engineer Salary - ₹3.0 Lakhs to ₹4.0 Lakhs per year
Jindal Group Of Companies Junior Engineer Salary - ₹2.1 Lakhs to ₹5.0 Lakhs per year

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 ranges between ₹15,819 per month to ₹17,457 per month in India. The take-home salary calculation is based on the average Magnum Mi Steel Junior Engineer salary in India which ranges between ₹2.0 Lakhs to ₹2.8 Lakhs per year for employees with experience between 4 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Junior Engineer at Magnum Mi Steel?

According to AmbitionBox, 100% of the Magnum Mi Steel Junior Engineers reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Magnum Mi Steel Junior Engineer Salaries

Magnum Mi Steel Junior Engineer salary in India ranges between ₹2 Lakhs to ₹2.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magnum Mi Steel latest salaries received from various employees of Magnum Mi Steel.