Magnus Power Welder Salaries by 4 Employees

2 - 8 years exp.

₹2.5 Lakhs - ₹3 Lakhs

Salary of majority employees

5% less than the average Welder Salary in Power Companies for 2 - 8 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Welder Salary 8 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Research & Development Welder Salary 6 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 8 Dec 2023

Companies similar to Magnus Power for Welder

Company name	Avg Annual Salary	Open Jobs
Corrtech Energy Welder Salary 5 - 15 years exp. (4 salaries)	₹2.5 L/yr - ₹4.2 L/yr 17% more
Tata Motors Welder Salary 0 - 5 years exp. (81 salaries)	₹0.9 L/yr - ₹4.5 L/yr 20% less
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Larsen & Toubro Limited Welder Salary 0 - 11 years exp. (71 salaries)	₹1 L/yr - ₹8 L/yr 12% more
Maruti Suzuki Welder Salary 0 - 4 years exp. (47 salaries)	₹1.3 L/yr - ₹4.5 L/yr 1% more
Alstom Transportation Welder Salary 1 - 11 years exp. (47 salaries)	₹1.5 L/yr - ₹6 L/yr 39% more

Welder salary at Magnus Power ranges between ₹2.5 Lakhs to ₹3 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Magnus Power.

Experience wise Magnus Power Welder salaries

Last Updated: 8 Dec 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹2.5 L/yr
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.6 L/yr
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4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
6 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr
7 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
8 years (AmbitionBox Estimate)	₹3 L/yr - ₹3 L/yr

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Similar Designation salaries in Magnus Power

ITI Fitter Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Production Engineer Salary

(5 salaries)

₹3.5 L/yr - ₹4.8 L/yr

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 manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Magnus Power Welder Salary FAQs

What is the salary of Welder at Magnus Power ?

The average salary of a Welder at Magnus Power in India typically ranges from ₹2.5 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Welder at Magnus Power earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Welder 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 Welder at Magnus Power in India?

The estimated take-home salary of a Welder at Magnus Power in India typically ranges from ₹19,632 to ₹21,300 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 2 years to 8 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 Welder in India?

Alstom Transportation	₹1.5 Lakhs to ₹6.0 Lakhs per year
Corrtech Energy	₹2.5 Lakhs to ₹4.2 Lakhs per year
Larsen & Toubro Limited	₹1.0 Lakhs to ₹8.0 Lakhs per year
Maruti Suzuki	₹1.3 Lakhs to ₹4.5 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 Welder in companies similar to Magnus Power in India?

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

Tata Motors

₹0.9 Lakhs to ₹4.5 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 Welder at Magnus Power in India?

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

Experience	Average Salary Range
2 years	₹2.5 Lakhs to ₹2.5 Lakhs per year
3 years	₹2.5 Lakhs to ₹4.6 Lakhs per year
4 years	₹2.4 Lakhs to ₹3.1 Lakhs per year
5 years	₹2.5 Lakhs to ₹3.2 Lakhs per year

and so on.

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Magnus Power Welder Salaries

Magnus Power Welder salary in India ranges between ₹2.5 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magnus Power latest salaries received from various employees of Magnus Power.