Magtorq Hosur Design Engineer Salaries by 20+ Employees (Updated 2024)

0 - 5 years exp.

₹1.2 Lakh - ₹3.5 Lakhs

Salary of majority employees

47% less than the average Design Engineer Salary for 0 - 5 years of experience

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Salaries in different departments

Research & Development Design Engineer Salary 0 - 5 years exp. (22 salaries)	₹1.2 L/yr - ₹3.5 L/yr
Production, Manufacturing & Engineering Design Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹2.9 L/yr
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UX, Design & Architecture Design Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹3.1 L/yr

Last Updated: 8 Nov 2024

Companies similar to Magtorq for Design Engineer in Hosur

Magtorq Design Engineer Salary

0 - 5 years exp. (26 salaries)

₹1.2 L/yr - ₹3.5 L/yr

Company name	Avg Annual Salary	Open Jobs
TVS Motor Design Engineer Salary 1 - 6 years exp. (51 salaries)	₹2 L/yr - ₹8 L/yr 41% more
Harita Techserv Design Engineer Salary 1 - 6 years exp. (31 salaries)	₹2 L/yr - ₹5.5 L/yr 57% more
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Titan Engineering & Automation Design Engineer Salary 1 - 6 years exp. (30 salaries)	₹1.6 L/yr - ₹5.9 L/yr 55% more
Dynaspede Integrated Systems Design Engineer Salary 0 - 6 years exp. (24 salaries)	₹1.7 L/yr - ₹5.4 L/yr 22% more
Carborundum Universal Limited Design Engineer Salary 1 - 5 years exp. (15 salaries)	₹1.7 L/yr - ₹3.2 L/yr 10% less

Design Engineer salary at Magtorq ranges between ₹1.2 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 26 latest salaries received from various employees of Magtorq.

Experience wise Magtorq Design Engineer salaries in Hosur

Last Updated: 8 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.8 L/yr - ₹4 L/yr
1 year (AmbitionBox Estimate)	₹1.2 L/yr - ₹4.3 L/yr
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2 years (7 salaries)	₹2.3 L/yr - ₹3.2 L/yr
3 years (9 salaries)	₹2.3 L/yr - ₹3.1 L/yr
4 years (5 salaries)	₹1.8 L/yr - ₹3.2 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.5 L/yr

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Similar Designation salaries in Magtorq

Project Engineer Salary

(4 salaries)

₹1.5 L/yr - ₹4 L/yr

Salary related reviews for Magtorq

3.2

Rated by 7 employees for salary & benefits

Design Engineer in Hosur

Full Time

Research & Development Department

4.0

• posted on 08 Apr 2022

4.0

for Salary and Benefits

Likes

MES is a office like a institute. Here I learnt many essential qualities of an engineer. This is a place which guides you the right direction.

Dislikes

Can't be satisfied with salary. May not be a perfect place for long term goals.

Junior Design Engineer in Hosur

Research & Development Department

4.0

• posted on 01 Sep 2017

2.0

for Salary and Benefits

Likes

I'm very proud to say we are working under l&t defense projects .then we are following all standards while creating new drawings .we are share all knowledge to others .easily communicate with l&t people and clarify our doubts .

Dislikes

First of all salary too low comparing others companies.then no bonus & little bit incremental.no other facilities inside the company.some times we got same projects and get boring to work .

see more salary related reviews

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Top trending discussions

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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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Magtorq Design Engineer Salary FAQs

What is the salary of Design Engineer at Magtorq Hosur?

Design Engineer salary at Magtorq in Hosur ranges between ₹1.2 Lakhs to ₹3.5 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 47% less than the average Design Engineer Salary in India. Salary estimates are based on 26 latest salaries received from various employees of Magtorq Hosur.

How does the salary of a Design Engineer at Magtorq Hosur compare with the average salary range for this job?

The average salary of a Design Engineer at Magtorq is 47% less than the average salary of a Design Engineer in Hosur. To know exact salary insights, login to view.

Which similar companies are paying more than Magtorq to a Design Engineer in Hosur?

Harita Techserv Design Engineer Salary - ₹2.0 Lakhs to ₹5.5 Lakhs per year
Titan Engineering & Automation Design Engineer Salary - ₹1.6 Lakhs to ₹5.9 Lakhs per year
TVS Motor Design Engineer Salary - ₹2.0 Lakhs to ₹8.0 Lakhs per year
Dynaspede Integrated Systems Design Engineer Salary - ₹1.7 Lakhs to ₹5.4 Lakhs per year

What is the salary of a Design Engineer in companies similar to Magtorq in Hosur?

Carborundum Universal Limited Design Engineer Salary - ₹1.7 Lakhs to ₹3.2 Lakhs per year

What is the estimated take home salary of a Design Engineer at Magtorq in Hosur?

The estimated take-home salary of a Design Engineer at Magtorq ranges between ₹17,991 per month to ₹19,684 per month in Hosur. The take-home salary calculation is based on the average Magtorq Design Engineer salary in India which ranges between ₹1.2 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

What is the notice period for Design Engineer at Magtorq in Hosur?

According to AmbitionBox, 44% of the Magtorq Design Engineers in Hosur reported a notice period of 1 Month, 34% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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Magtorq Design Engineer Salaries in Hosur

Magtorq Design Engineer salary in Hosur ranges between ₹1.2 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 Magtorq latest salaries received from various employees of Magtorq.