Magtorq Project Engineer Salaries by 4 Employees (Updated 2024)

3 - 13 years exp.

₹1.5 Lakh - ₹4 Lakhs

Salary of majority employees

51% less than the average Project Engineer Salary for 3 - 13 years of experience

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Last Updated: 16 Dec 2024

Companies similar to Magtorq for Project Engineer

Company name	Avg Annual Salary	Open Jobs
TÜV NORD Project Engineer Salary 3 - 10 years exp. (44 salaries)	₹3.5 L/yr - ₹7.2 L/yr 102% more
Linde India Project Engineer Salary 0 - 7 years exp. (15 salaries)	₹1.4 L/yr - ₹10 L/yr 136% more
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Reliance Communications Project Engineer Salary 2 - 7 years exp. (15 salaries)	₹2.7 L/yr - ₹5 L/yr 31% more
UNO Minda Project Engineer Salary 1 - 2 years exp. (5 salaries)	₹2.4 L/yr - ₹6 L/yr 95% more
Glenmark Life Sciences Project Engineer Salary 4 - 6 years exp. (5 salaries)	₹3 L/yr - ₹6 L/yr 63% more
Amphenol Interconnect Project Engineer Salary 2 - 16 years exp. (4 salaries)	₹3.6 L/yr - ₹8.4 L/yr 93% more
CTS Consulting & Technical Support Project Engineer Salary 0 - 3 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr 55% more
Hero Motors Company Project Engineer Salary 0 - 5 years exp. (3 salaries)	₹8 L/yr - ₹8.5 L/yr 207% more
Ag Industries Project Engineer Salary 4 - 5 years exp. (3 salaries)	₹2.9 L/yr - ₹3.6 L/yr 26% more

Project Engineer salary at Magtorq ranges between ₹1.5 Lakh to ₹4 Lakhs per year for employees with experience between 3 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of Magtorq.

Experience wise Magtorq Project Engineer salaries

Last Updated: 16 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.5 L/yr
4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.9 L/yr
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5 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
7 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.7 L/yr
8 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
9 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr
10 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.7 L/yr
11 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
12 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
13 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4 L/yr

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Similar Designation salaries in Magtorq

Senior Engineer Salary

(AmbitionBox Estimate)

₹7.3 L/yr - ₹9.3 L/yr

Quality Engineer Salary

(3 salaries)

₹0.6 L/yr - ₹3.5 L/yr

Salary related reviews for Magtorq

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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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 Project Engineer Salary FAQs

What is the salary of Project Engineer at Magtorq?

Project Engineer salary at Magtorq in India ranges between ₹1.5 Lakhs to ₹4.0 Lakhs for experience between 3 years to 13 years. According to our estimates it is 51% less than the average Project Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magtorq India.

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

The average salary of a Project Engineer at Magtorq is 51% less than the average salary of a Project Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magtorq to a Project Engineer in India?

Hero Motors Company Project Engineer Salary - ₹8.0 Lakhs to ₹8.5 Lakhs per year
Linde India Project Engineer Salary - ₹1.4 Lakhs to ₹10.0 Lakhs per year
TÜV NORD Project Engineer Salary - ₹3.5 Lakhs to ₹7.2 Lakhs per year
UNO Minda Project Engineer Salary - ₹2.4 Lakhs to ₹6.0 Lakhs per year
Amphenol Interconnect Project Engineer Salary - ₹3.6 Lakhs to ₹8.4 Lakhs per year

What is the salary of a Project Engineer in companies similar to Magtorq in India?

Glenmark Life Sciences Project Engineer Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year
CTS Consulting & Technical Support Project Engineer Salary - ₹3.6 Lakhs to ₹4.6 Lakhs per year
Reliance Communications Project Engineer Salary - ₹2.7 Lakhs to ₹5.0 Lakhs per year
Ag Industries Project Engineer Salary - ₹2.9 Lakhs to ₹3.6 Lakhs per year

What is the estimated take home salary of a Project Engineer at Magtorq in India?

The estimated take-home salary of a Project Engineer at Magtorq ranges between ₹18,783 per month to ₹20,464 per month in India. The take-home salary calculation is based on the average Magtorq Project Engineer salary in India which ranges between ₹1.5 Lakhs to ₹4.0 Lakhs per year for employees with experience between 3 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Project Engineer at Magtorq?

According to AmbitionBox, 100% of the Magtorq Project Engineers reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Magtorq Project Engineer Salaries

Magtorq Project Engineer salary in India ranges between ₹1.5 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magtorq latest salaries received from various employees of Magtorq.