Market Simplified Chennai Software Engineer Level 1 Salaries by 20+ Employees (Updated 2025)

0 - 3 years exp.

₹3.9 Lakhs - ₹8.2 Lakhs

Salary of majority employees

38% less than the average Software Engineer Level 1 Salary in Financial Services Companies for 0 - 3 years of experience

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Salaries in different departments

Engineering - Software & QA Software Engineer Level 1 Salary 0 - 2 years exp. (17 salaries)	₹3.9 L/yr - ₹7.5 L/yr
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BFSI, Investments & Trading Software Engineer Level 1 Salary 1 - 3 years exp. (3 salaries)	₹4.5 L/yr - ₹8.2 L/yr

Last Updated: 16 Feb 2025

Companies similar to Market Simplified for Software Engineer Level 1 in Chennai

Market Simplified Software Engineer Level 1 Salary

0 - 3 years exp. (22 salaries)

₹3.9 L/yr - ₹8.2 L/yr

Company name	Avg Annual Salary	Open Jobs
TCS Software Engineer Level 1 Salary 0 - 4 years exp. (5 salaries)	₹2.5 L/yr - ₹7.5 L/yr 22% less
Wipro Software Engineer Level 1 Salary 1 - 5 years exp. (5 salaries)	₹4 L/yr - ₹8.6 L/yr 7% less
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HCLTech Software Engineer Level 1 Salary 1 - 4 years exp. (18 salaries)	₹2.9 L/yr - ₹4.9 L/yr 14% less
Tech Mahindra Software Engineer Level 1 Salary 1 - 5 years exp. (4 salaries)	₹3.2 L/yr - ₹5.5 L/yr 30% less
Hexaware Technologies Software Engineer Level 1 Salary 2 - 3 years exp. (14 salaries)	₹4.5 L/yr - ₹7.9 L/yr 8% more

Software Engineer Level 1 salary at Market Simplified ranges between ₹3.9 Lakhs to ₹8.2 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 22 latest salaries received from various employees of Market Simplified.

Experience wise Market Simplified Software Engineer Level 1 salaries in Chennai

Last Updated: 16 Feb 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹3.9 L/yr - ₹4.5 L/yr
1 year (9 salaries)	₹4 L/yr - ₹7.5 L/yr
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2 years (8 salaries)	₹4.9 L/yr - ₹8.2 L/yr
3 years (AmbitionBox Estimate)	₹6 L/yr - ₹8.2 L/yr

Similar Designation salaries in Market Simplified

Software Developer Salary

(21 salaries)

₹3 L/yr - ₹10.17 L/yr

Senior Software Developer Salary

(8 salaries)

₹7.65 L/yr - ₹17.63 L/yr

Android Developer Salary

(8 salaries)

₹4.05 L/yr - ₹8 L/yr

IOS Developer Salary

(7 salaries)

₹3.2 L/yr - ₹9.45 L/yr

Mobile Application Developer Salary

(5 salaries)

₹5.8 L/yr - ₹7.5 L/yr

IOS Application Developer Salary

(4 salaries)

₹3.5 L/yr - ₹5.7 L/yr

React Native Developer Salary

(4 salaries)

₹2.2 L/yr - ₹8.2 L/yr

Senior Application Developer Salary

(3 salaries)

₹12.5 L/yr - ₹21 L/yr

Salary related reviews for Market Simplified

2.0

Rated by 3 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

see more salary related reviews

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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Market Simplified Software Engineer Level 1 Salary FAQs

What is the salary of Software Engineer Level 1 at Market Simplified Chennai?

Software Engineer Level 1 salary at Market Simplified in Chennai ranges between ₹3.9 Lakhs to ₹8.2 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 38% less than the average Software Engineer Level 1 Salary in India. Salary estimates are based on 22 latest salaries received from various employees of Market Simplified Chennai.

How does the salary of a Software Engineer Level 1 at Market Simplified Chennai compare with the average salary range for this job?

The average salary of a Software Engineer Level 1 at Market Simplified is 38% less than the average salary of a Software Engineer Level 1 in Chennai. To know exact salary insights, login to view.

Which similar companies are paying more than Market Simplified to a Software Engineer Level 1 in Chennai?

Hexaware Technologies Software Engineer Level 1 Salary - ₹4.5 Lakhs to ₹7.9 Lakhs per year

What is the salary of a Software Engineer Level 1 in companies similar to Market Simplified in Chennai?

Wipro Software Engineer Level 1 Salary - ₹4.0 Lakhs to ₹8.6 Lakhs per year
HCLTech Software Engineer Level 1 Salary - ₹2.9 Lakhs to ₹4.9 Lakhs per year
TCS Software Engineer Level 1 Salary - ₹2.5 Lakhs to ₹7.5 Lakhs per year
Tech Mahindra Software Engineer Level 1 Salary - ₹3.2 Lakhs to ₹5.5 Lakhs per year

What is the estimated take home salary of a Software Engineer Level 1 at Market Simplified in Chennai?

The estimated take-home salary of a Software Engineer Level 1 at Market Simplified ranges between ₹40,638 per month to ₹41,794 per month in Chennai. The take-home salary calculation is based on the average Market Simplified Software Engineer Level 1 salary in India which ranges between ₹3.9 Lakhs to ₹8.2 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?

What is the notice period for Software Engineer Level 1 at Market Simplified in Chennai?

According to AmbitionBox, 50% of the Market Simplified Software Engineer Level 1s in Chennai reported a notice period of 1 Month, 30% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 20 responses on AmbitionBox in last 2 years.

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Market Simplified Software Engineer Level 1 Salaries in Chennai

Market Simplified Software Engineer Level 1 salary in Chennai ranges between ₹3.9 Lakhs to ₹8.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Market Simplified latest salaries received from various employees of Market Simplified.