Market Simplified Software Engineer L1 Salaries by 5 Employees

2 - 3 years exp.

₹3.3 Lakhs - ₹6.8 Lakhs

Low Confidence

Salary of majority employees

22% less than the average Software Engineer L1 Salary in Financial Services Companies for 2 - 3 years of experience

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Last Updated: 20 Nov 2024

Companies similar to Market Simplified for Software Engineer L1

Company name	Avg Annual Salary	Open Jobs
Wipro Software Engineer L1 Salary 0 - 2 years exp. (14 salaries)	₹2.4 L/yr - ₹4.5 L/yr 12% less
Hexaware Technologies Software Engineer L1 Salary 2 years exp. (3 salaries)	₹4 L/yr - ₹5.6 L/yr 4% more
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Gemini Solutions Software Engineer L1 Salary 1 - 3 years exp. (59 salaries)	₹6 L/yr - ₹9 L/yr 63% more
Think Future Technologies Software Engineer L1 Salary 0 - 3 years exp. (21 salaries)	₹4 L/yr - ₹12 L/yr 49% more
Accubits Technologies Software Engineer L1 Salary 0 - 1 year exp. (12 salaries)	₹3 L/yr - ₹5 L/yr 14% less

Software Engineer L1 salary at Market Simplified ranges between ₹3.3 Lakhs to ₹6.8 Lakhs per year for employees with experience between 2 years to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Market Simplified.

Experience wise Market Simplified Software Engineer L1 salaries

Last Updated: 20 Nov 2024

Experience	Avg Annual Salary
2 years (3 salaries)	₹3.3 L/yr - ₹6 L/yr
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3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.8 L/yr

Similar Designation salaries in Market Simplified

Software Engineer Salary

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₹3.05 L/yr - ₹11 L/yr

System Engineer Salary

(8 salaries)

₹2 L/yr - ₹3.05 L/yr

Senior Software Engineer Salary

(31 salaries)

₹7.2 L/yr - ₹29 L/yr

Lead Engineer Salary

(AmbitionBox Estimate)

₹22.8 L/yr - ₹29.1 L/yr

Software Developer Salary

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₹3 L/yr - ₹9.42 L/yr

Technical Lead Salary

(4 salaries)

₹24 L/yr - ₹28 L/yr

Java Developer Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹10.9 L/yr

Team Lead Salary

(8 salaries)

₹12.25 L/yr - ₹29 L/yr

Senior Software Developer Salary

(8 salaries)

₹7.65 L/yr - ₹17.63 L/yr

Senior Consultant Salary

(AmbitionBox Estimate)

₹19.8 L/yr - ₹25.3 L/yr

Salary related reviews for Market Simplified

4.6

Rated by 2 employees for salary & benefits

Team Lead in Chennai

Full Time

Project & Program Management Department

5.0

• posted on 16 Nov 2024

1.0

for Salary and Benefits

Likes

MSIL is a great company for learning, career growth and great work culture.

Skill development - Excellent

+5 more

Dislikes

The recent issue on salary crisis has decreased the company growth. The salary is delayed and provided on random dates like 10th, 15 TH of each month for a prolonged period of more than a year. No transparency for the reason of salary delay to the company cofounders from the board of directors. Now the company work culture is also not good after the resignation of cofounders. CHRO of the company spoils the company culture and growth leading many good employees to resign.

Salary - Bad

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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Market Simplified Software Engineer L1 Salary FAQs

What is the salary of Software Engineer L1 at Market Simplified ?

The average salary of a Software Engineer L1 at Market Simplified in India typically ranges from ₹3.3 Lakhs to ₹6.8 Lakhs per year, depending on experience (from 2 years to 3 years).

The top 10% of Software Engineer L1 at Market Simplified earn more than ₹6.8 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Software Engineer L1 Salaries at Market Simplified 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 5 Market Simplified employees in India.

What is the estimated take home salary of a Software Engineer L1 at Market Simplified in India?

The estimated take-home salary of a Software Engineer L1 at Market Simplified in India typically ranges from ₹34,920 to ₹36,161 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹6.8 Lakhs per year for employees with experience ranging from 2 years to 3 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 5 salaries received from various employees of Market Simplified. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Market Simplified for Software Engineer L1 in India?

Gemini Solutions	₹6.0 Lakhs to ₹9.0 Lakhs per year
Think Future Technologies	₹4.0 Lakhs to ₹12.0 Lakhs per year
Hexaware Technologies	₹4.0 Lakhs to ₹5.6 Lakhs per year

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

What is the salary of a Software Engineer L1 in companies similar to Market Simplified in India?

The salary of a Software Engineer L1 at companies similar to Market Simplified in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Wipro	₹2.4 Lakhs to ₹4.5 Lakhs per year
Accubits Technologies	₹3.0 Lakhs to ₹5.0 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 Software Engineer L1 at Market Simplified in India?

The salary growth for a Software Engineer L1 at Market Simplified depends on factors such as experience, performance, and promotions. On average, a Software Engineer L1 can expect the following growth trajectory at Market Simplified:

Experience	Average Salary Range
2 years	₹3.3 Lakhs to ₹6.0 Lakhs per year
3 years	₹2.3 Lakhs to ₹6.8 Lakhs per year

and so on.

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Market Simplified Software Engineer L1 Salaries

Market Simplified Software Engineer L1 salary in India ranges between ₹3.3 Lakhs to ₹6.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Market Simplified latest salaries received from various employees of Market Simplified.