Magnum Mi Steel Bawal Senior Production Engineer Salaries by 4 Employees

5 - 7 years exp.

₹3.6 Lakhs - ₹5.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

24% less than the average Senior Production Engineer Salary in Iron & Steel Companies for 5 - 7 years of experience

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Last Updated: 26 Jul 2023

Companies similar to Magnum Mi Steel for Senior Production Engineer in Bawal

Magnum Mi Steel Senior Production Engineer Salary

5 - 7 years exp. (4 salaries)

₹3.6 L/yr - ₹5.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Talbros Senior Production Engineer Salary 7 - 11 years exp. (4 salaries)	₹5.1 L/yr - ₹6.2 L/yr 40% more
Technico Industries Senior Production Engineer Salary 5 - 7 years exp. (4 salaries)	₹4.8 L/yr - ₹5.7 L/yr 30% more
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A2z Filtration Specialities Senior Production Engineer Salary 6 - 9 years exp. (4 salaries)	₹5 L/yr - ₹6.8 L/yr 41% more
Rico Auto Industries Senior Production Engineer Salary 5 - 8 years exp. (4 salaries)	₹5 L/yr - ₹6 L/yr 36% more
CRRC Pioneer Electric Senior Production Engineer Salary 9 - 15 years exp. (3 salaries)	₹5.5 L/yr - ₹6 L/yr 41% more

Senior Production Engineer salary at Magnum Mi Steel ranges between ₹3.6 Lakhs to ₹5.1 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Magnum Mi Steel.

Experience wise Magnum Mi Steel Senior Production Engineer salaries in Bawal

Last Updated: 26 Jul 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
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7 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr

Similar Designation salaries in Magnum Mi Steel

Production Manager Salary

(4 salaries)

₹10.2 L/yr - ₹12 L/yr

Senior Engineer Salary

(3 salaries)

₹4 L/yr - ₹4.21 L/yr

Junior Engineer Salary

(3 salaries)

₹2 L/yr - ₹2.4 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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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 Mi Steel Senior Production Engineer Salary FAQs

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

The average salary of a Senior Production Engineer at Magnum Mi Steel in Bawal typically ranges from ₹3.6 Lakhs to ₹5.1 Lakhs per year, depending on experience (from 5 years to 7 years).

The top 10% of Senior Production Engineer in Bawal at Magnum Mi Steel earn more than ₹5.1 Lakhs per year, and the top 1% earn over ₹5.1 Lakhs per year. Senior Production 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 4 Magnum Mi Steel employees in India.

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

The estimated take-home salary of a Senior Production Engineer at Magnum Mi Steel in Bawal typically ranges from ₹30,553 to ₹31,859 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹5.1 Lakhs per year for employees with experience ranging from 5 years to 7 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 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 Production Engineer in India?

CRRC Pioneer Electric	₹5.5 Lakhs to ₹6.0 Lakhs per year
A2z Filtration Specialities	₹5.0 Lakhs to ₹6.8 Lakhs per year
Talbros	₹5.1 Lakhs to ₹6.2 Lakhs per year
Rico Auto Industries	₹5.0 Lakhs to ₹6.0 Lakhs per year
Technico Industries	₹4.8 Lakhs to ₹5.7 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.

How the salary growth look like for a Senior Production Engineer at Magnum Mi Steel in Bawal?

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

Experience	Average Salary Range
5 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
6 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
7 years	₹3.8 Lakhs to ₹4.8 Lakhs per year

and so on.

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Magnum Mi Steel Senior Production Engineer Salaries in Bawal

Magnum Mi Steel Senior Production Engineer salary in Bawal ranges between ₹3.6 Lakhs to ₹5.1 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.