Magnum Mi Steel Senior Engineer Salaries by 10 Employees

4 - 10 years exp.

₹4 Lakhs - ₹5.4 Lakhs

Salary of majority employees

54% less than the average Senior Engineer Salary in Iron & Steel Companies for 4 - 10 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Senior Engineer Salary 4 - 8 years exp. (5 salaries)	₹4.5 L/yr - ₹5.4 L/yr
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Quality Assurance Senior Engineer Salary 7 - 10 years exp. (5 salaries)	₹3.9 L/yr - ₹4.8 L/yr

Last Updated: 1 Oct 2024

Companies similar to Magnum Mi Steel for Senior Engineer

Company name	Avg Annual Salary	Open Jobs
Tata Steel Senior Engineer Salary 5 - 16 years exp. (219 salaries)	₹3.4 L/yr - ₹13 L/yr 77% more
JSW Steel Senior Engineer Salary 3 - 17 years exp. (999 salaries)	₹3 L/yr - ₹10.6 L/yr 69% more
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Steel Authority Of India Senior Engineer Salary 4 - 23 years exp. (4 salaries)	₹5.5 L/yr - ₹10.1 L/yr 88% more
ArcelorMittal Nippon Steel Senior Engineer Salary 4 - 14 years exp. (168 salaries)	₹3.5 L/yr - ₹8.5 L/yr 53% more
Jindal Steel and Power Senior Engineer Salary 3 - 14 years exp. (27 salaries)	₹3 L/yr - ₹8.1 L/yr 35% more
Vedanta Limited Senior Engineer Salary 3 - 10 years exp. (22 salaries)	₹3.9 L/yr - ₹11 L/yr 73% more
ArcelorMittal Senior Engineer Salary 5 - 14 years exp. (6 salaries)	₹5.4 L/yr - ₹15 L/yr 120% more
Monnet Group Senior Engineer Salary 11 - 14 years exp. (4 salaries)	₹4.8 L/yr - ₹7.2 L/yr 39% more
Ramco Steels Senior Engineer Salary 2 - 9 years exp. (21 salaries)	₹3 L/yr - ₹6.6 L/yr At par
Salasar Techno Engineering Senior Engineer Salary 5 - 17 years exp. (18 salaries)	₹3.9 L/yr - ₹6.2 L/yr 25% more
Genau Extrusions Senior Engineer Salary 9 - 16 years exp. (13 salaries)	₹3.9 L/yr - ₹8.4 L/yr 56% more
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Shilpa Steel and Power Senior Engineer Salary 3 - 8 years exp. (12 salaries)	₹3.4 L/yr - ₹4.8 L/yr 6% less
Ms Agarwal Foundries Senior Engineer Salary 2 - 10 years exp. (12 salaries)	₹3.6 L/yr - ₹9 L/yr 24% more
Jsl Lifestyle Senior Engineer Salary 4 - 10 years exp. (10 salaries)	₹6 L/yr - ₹9.5 L/yr 73% more
Hmm Infra Senior Engineer Salary 6 - 14 years exp. (9 salaries)	₹5 L/yr - ₹7.4 L/yr 38% more
Shri Mahavir Ferro Alloys Senior Engineer Salary 9 - 14 years exp. (9 salaries)	₹4.5 L/yr - ₹5 L/yr 11% more
Agni Steels Senior Engineer Salary 5 - 14 years exp. (7 salaries)	₹3.1 L/yr - ₹6.6 L/yr 28% more
Ptc Industries Senior Engineer Salary 4 - 7 years exp. (7 salaries)	₹4.1 L/yr - ₹6 L/yr 21% more
AVON TUBETECH Senior Engineer Salary 4 - 8 years exp. (6 salaries)	₹4 L/yr - ₹4.8 L/yr 3% more
AGRO ENGINEERING WORKS Senior Engineer Salary 3 - 9 years exp. (6 salaries)	₹3 L/yr - ₹4.8 L/yr 7% less

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Senior Engineer salary at Magnum Mi Steel ranges between ₹4 Lakhs to ₹5.4 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 10 latest salaries received from various employees of Magnum Mi Steel.

Experience wise Magnum Mi Steel Senior Engineer salaries

Last Updated: 1 Oct 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.8 L/yr
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6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
7 years (4 salaries)	₹4 L/yr - ₹5.4 L/yr
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹4.5 L/yr
9 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹7.6 L/yr
10 years (AmbitionBox Estimate)	₹4 L/yr - ₹7.6 L/yr

View all

Similar Designation salaries in Magnum Mi Steel

Junior Engineer Salary

(5 salaries)

₹2 L/yr - ₹3 L/yr

QA QC Engineer Salary

(4 salaries)

₹2.7 L/yr - ₹4.2 L/yr

Quality Engineer Salary

(14 salaries)

₹1.8 L/yr - ₹3.6 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

4.5

Rated by 2 employees for salary & benefits

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

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Magnum Mi Steel Senior Engineer Salary FAQs

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

The average salary of a Senior Engineer at Magnum Mi Steel in India typically ranges from ₹4.0 Lakhs to ₹5.4 Lakhs per year, depending on experience (from 4 years to 10 years).

The top 10% of Senior Engineer at Magnum Mi Steel earn more than ₹5.1 Lakhs per year, and the top 1% earn over ₹5.4 Lakhs per year. Senior 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 10 Magnum Mi Steel employees in India.

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

The estimated take-home salary of a Senior Engineer at Magnum Mi Steel in India typically ranges from ₹31,607 to ₹32,898 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹5.4 Lakhs per year for employees with experience ranging from 4 years to 10 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 Magnum Mi Steel. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magnum Mi Steel for Senior Engineer in India?

ArcelorMittal	₹5.4 Lakhs to ₹15.0 Lakhs per year
Yg Cutting Tools	₹6.1 Lakhs to ₹10.3 Lakhs per year
Steel Authority Of India	₹5.5 Lakhs to ₹10.1 Lakhs per year
Tata Steel	₹3.4 Lakhs to ₹13.0 Lakhs per year
Jindal Group Of Companies	₹4.0 Lakhs to ₹10.8 Lakhs per year

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

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

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

Jsl Lifestyle	₹6.0 Lakhs to ₹9.5 Lakhs per year
Vedanta Limited	₹3.9 Lakhs to ₹11.0 Lakhs per year
JSW Steel	₹3.0 Lakhs to ₹10.6 Lakhs per year
Mukand Sumi Special Steel	₹6.5 Lakhs to ₹7.2 Lakhs per year
Genau Extrusions	₹3.9 Lakhs to ₹8.4 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 Senior Engineer at Magnum Mi Steel in India?

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

Experience	Average Salary Range
4 years	₹1.7 Lakhs to ₹4.8 Lakhs per year
5 years	₹1.7 Lakhs to ₹4.8 Lakhs per year
6 years	₹3.8 Lakhs to ₹4.9 Lakhs per year
7 years	₹4.0 Lakhs to ₹5.4 Lakhs per year

and so on.

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Magnum Mi Steel Senior Engineer Salaries

Magnum Mi Steel Senior Engineer salary in India ranges between ₹4 Lakhs to ₹5.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Magnum Mi Steel latest salaries received from various employees of Magnum Mi Steel.