Magnus Power Mechanical Engg. Design Salaries by 4 Employees

8 - 10 years exp.

₹6.5 Lakhs - ₹11 Lakhs

Salary of majority employees

28% more than the average Mechanical Engg. Design Salary in Power Companies for 8 - 10 years of experience

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Last Updated: 15 Dec 2024

Companies similar to Magnus Power for Mechanical Engg. Design

Company name	Avg Annual Salary	Open Jobs
UTL Solar Mechanical Engg. Design Salary 5 - 8 years exp. (3 salaries)	₹5 L/yr - ₹6.3 L/yr 18% less
HCLTech Mechanical Engg. Design Salary 1 - 6 years exp. (345 salaries)	₹2.2 L/yr - ₹10 L/yr 13% less
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L&T Technology Services Mechanical Engg. Design Salary 2 - 8 years exp. (282 salaries)	₹3 L/yr - ₹9.1 L/yr 10% less
Tech Mahindra Mechanical Engg. Design Salary 1 - 8 years exp. (194 salaries)	₹2.9 L/yr - ₹10 L/yr 20% less
TCS Mechanical Engg. Design Salary 2 - 9 years exp. (180 salaries)	₹3.5 L/yr - ₹10.7 L/yr 12% more

Mechanical Engg. Design salary at Magnus Power ranges between ₹6.5 Lakhs to ₹11 Lakhs per year for employees with experience between 8 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Magnus Power.

Experience wise Magnus Power Mechanical Engg. Design salaries

Last Updated: 15 Dec 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹13.1 L/yr
9 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹10.8 L/yr
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10 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹11 L/yr

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Senior Mechanical Design Engineer Salary

(AmbitionBox Estimate)

₹7.4 L/yr - ₹9.4 L/yr

Lead Engineer Salary

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₹14.6 L/yr - ₹18.6 L/yr

Electrical Design & Estimation Engineer Salary

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Electrical Design Engineer Salary

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Salary related reviews for Magnus Power

Engineer -Engineering (Mechanical) in Bangalore / Bengaluru

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

*Company Culture and Management* One of the most positive aspects of working at Magnus is the company culture. It's a relaxed and friendly environment where employees are encouraged to be themselves. The management team is supportive and understanding, which creates a low-pressure work atmosphere.

Job security - Excellent

+3 more

Dislikes

...le the company culture is excellent, there are areas where Magnus could improve. The salary and benefits package could be more competitive, especially compared to industry standards. Additionally, opportunities for career advancement and skill development seem limited. *Overall* Magnus is a suitable workplace for individuals, particularly those in their mid-30s and above, who prioritize a positive work-life balance. The company's relaxed work environment, supportive management, and low-pressure atmosphere make it an attractive option for those seeking a less stressful work experience. However, for those seeking significant career growth, competitive compensation, and regular skill development opportunities, it may be worth considering other options.

Salary - Poor

+2 more

Senior Quality Engineer Supervisor in Bangalore / Bengaluru

Full Time

Other Department

5.0

• posted on 26 Aug 2024

5.0

for Salary and Benefits

Likes

1. No pressure, we can easily handle our personal life 2. Good facilities, such as bonuses and flexible working hours. 3. Clean and well-furnished environment. 4. Top-level management support 5. Culture and Nature.

Salary - Excellent

+6 more

Dislikes

1.Karnataka and Kannadigas are less than other states. 2. Saturday is a working day.

see more salary related reviews

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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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Magnus Power Mechanical Engg. Design Salary FAQs

What is the salary of Mechanical Engg. Design at Magnus Power ?

The average salary of a Mechanical Engg. Design at Magnus Power in India typically ranges from ₹6.5 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 8 years to 10 years).

The top 10% of Mechanical Engg. Design at Magnus Power earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Mechanical Engg. Design Salaries at Magnus Power 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 Magnus Power employees in India.

What is the estimated take home salary of a Mechanical Engg. Design at Magnus Power in India?

The estimated take-home salary of a Mechanical Engg. Design at Magnus Power in India typically ranges from ₹51,147 to ₹52,353 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 8 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 4 salaries received from various employees of Magnus Power. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magnus Power for Mechanical Engg. Design in India?

TCS	₹3.5 Lakhs to ₹10.7 Lakhs per year

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

What is the salary of a Mechanical Engg. Design in companies similar to Magnus Power in India?

The salary of a Mechanical Engg. Design at companies similar to Magnus Power in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

L&T Technology Services	₹3.0 Lakhs to ₹9.1 Lakhs per year
HCLTech	₹2.2 Lakhs to ₹10.0 Lakhs per year
UTL Solar	₹5.0 Lakhs to ₹6.3 Lakhs per year
Tech Mahindra	₹2.9 Lakhs to ₹10.0 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 Mechanical Engg. Design at Magnus Power in India?

The salary growth for a Mechanical Engg. Design at Magnus Power depends on factors such as experience, performance, and promotions. On average, a Mechanical Engg. Design can expect the following growth trajectory at Magnus Power:

Experience	Average Salary Range
8 years	₹6.5 Lakhs to ₹13.1 Lakhs per year
9 years	₹3.1 Lakhs to ₹10.8 Lakhs per year
10 years	₹6.5 Lakhs to ₹11.0 Lakhs per year

and so on.

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Magnus Power Mechanical Engg. Design Salaries

Magnus Power Mechanical Engg. Design salary in India ranges between ₹6.5 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magnus Power latest salaries received from various employees of Magnus Power.