Mastercraft Engineers Tool Engineer Salaries by 3 Employees

2 - 3 years exp.

₹1.2 Lakh - ₹2.9 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

76% less than the average Tool Engineer Salary in Engineering & Construction Companies for 2 - 3 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Tool Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.2 L/yr
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Research & Development Tool Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3 L/yr

Last Updated: 6 Sep 2023

Companies similar to Mastercraft Engineers for Tool Engineer

Company name	Avg Annual Salary	Open Jobs
Molex Tool Engineer Salary 4 - 10 years exp. (43 salaries)	₹4.2 L/yr - ₹9.7 L/yr 208% more
INTERPLEX Tool Engineer Salary 5 - 10 years exp. (25 salaries)	₹3 L/yr - ₹5.4 L/yr 120% more
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INDO-MIM Tool Engineer Salary 4 - 14 years exp. (23 salaries)	₹21 L/yr - ₹30 L/yr 1004% more
Motherson Molds And Diecasting Tool Engineer Salary 1 - 4 years exp. (17 salaries)	₹1.2 L/yr - ₹4.3 L/yr 18% more
Aditya Auto Products & Engineering Tool Engineer Salary 1 - 15 years exp. (16 salaries)	₹27 L/yr - ₹34.5 L/yr 1460% more

Tool Engineer salary at Mastercraft Engineers ranges between ₹1.2 Lakh to ₹2.9 Lakhs per year for employees with experience between 2 years to 3 years. Salary estimates are based on 3 latest salaries received from various employees of Mastercraft Engineers.

Experience wise Mastercraft Engineers Tool Engineer salaries

Last Updated: 6 Sep 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.1 L/yr
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3 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.9 L/yr

Similar Designation salaries in Mastercraft Engineers

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₹4.3 L/yr - ₹7 L/yr

Tool Room Engineer Salary

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₹2.5 L/yr - ₹10 L/yr

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₹2.1 L/yr - ₹2.6 L/yr

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₹1.7 L/yr - ₹3.25 L/yr

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₹2.4 L/yr - ₹5.5 L/yr

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₹2.8 L/yr - ₹4.1 L/yr

Tool Room Trainee Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

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₹3.8 L/yr - ₹4.8 L/yr

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Mastercraft Engineers Tool Engineer Salary FAQs

How the salary growth look like for a Tool Engineer at Mastercraft Engineers in India?

The salary growth for a Tool Engineer at Mastercraft Engineers depends on factors such as experience, performance, and promotions. On average, a Tool Engineer can expect the following growth trajectory at Mastercraft Engineers:

Experience	Average Salary Range
2 years	₹1.1 Lakhs to ₹2.1 Lakhs per year
3 years	₹1.1 Lakhs to ₹2.9 Lakhs per year

and so on.

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Mastercraft Engineers Tool Engineer Salaries

Mastercraft Engineers Tool Engineer salary in India ranges between ₹1.2 Lakh to ₹2.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Mastercraft Engineers latest salaries received from various employees of Mastercraft Engineers.