Memco Engineering Nashik Engineer Trainee Salaries by 9 Employees

0 - 3 years exp.

₹1.3 Lakh - ₹1.8 Lakh

Avg. annual salary

Monthly In-hand Salary

33% less than the average Engineer Trainee Salary in Industrial Machinery Companies for 0 - 3 years of experience

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Last Updated: 21 Apr 2024

Companies similar to Memco Engineering for Engineer Trainee in Nashik

Memco Engineering Engineer Trainee Salary

0 - 3 years exp. (9 salaries)

₹1.3 L/yr - ₹1.8 L/yr

Company name	Avg Annual Salary	Open Jobs
MSL Driveline Systems Engineer Trainee Salary 0 - 3 years exp. (8 salaries)	₹1.4 L/yr - ₹2.2 L/yr 8% more
VIP Industries Engineer Trainee Salary 0 - 4 years exp. (8 salaries)	₹1.2 L/yr - ₹2.3 L/yr 5% more
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Thyssenkrupp rothe erde Engineer Trainee Salary 1 - 5 years exp. (7 salaries)	₹1.8 L/yr - ₹2.5 L/yr 35% more
Shareen Auto Engineer Trainee Salary 0 - 2 years exp. (6 salaries)	₹1.5 L/yr - ₹2 L/yr 7% more
TDK India Private Limited Engineer Trainee Salary 0 - 2 years exp. (5 salaries)	₹2.2 L/yr - ₹3 L/yr 69% more

Engineer Trainee salary at Memco Engineering ranges between ₹1.3 Lakh to ₹1.8 Lakh per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 9 latest salaries received from various employees of Memco Engineering.

Experience wise Memco Engineering Engineer Trainee salaries in Nashik

Last Updated: 21 Apr 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹1.3 L/yr - ₹2.8 L/yr
1 year (3 salaries)	₹1.4 L/yr - ₹1.8 L/yr
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2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.8 L/yr
3 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.8 L/yr

Similar Designation salaries in Memco Engineering

Quality Engineer Salary

(6 salaries)

₹2.68 L/yr - ₹4 L/yr

Maintenance Engineer Salary

(3 salaries)

₹3.4 L/yr - ₹3.8 L/yr

Mechanical Engineer Salary

(3 salaries)

₹1.1 L/yr - ₹2.5 L/yr

Salary related reviews for Memco Engineering

2.5

Rated by 2 employees for salary & benefits

Engineer Trainee in Nashik

Full Time

Other Department

3.0

• posted on 22 Feb 2024

3.0

for Salary and Benefits

Likes

The way they teach basics about production line and how to face situations and encourage to learn something new.

Skill development - Good

Dislikes

financial growth is very poor and as per education they don't treat such respect. The degree holder and 12th pass employee both are same for them.

Job security - Poor

+2 more

T&C Engineer in Bangalore / Bengaluru

Construction & Site Engineering Department

5.0

• posted on 24 Jan 2020

4.0

for Salary and Benefits

Likes

I am from Memco. Mitsubishi gave contract to memco to carry out testing and commission activities in india and no direct T and C person from Mitsubishi working in india

Salary - Good

+6 more

Dislikes

Job change over will improve my growth

see more salary related reviews

Top trending discussions

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Salary Discussions, Hike & Promotions

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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Memco Engineering Engineer Trainee Salary FAQs

What is the salary of Engineer Trainee at Memco Engineering in Nashik?

The average salary of a Engineer Trainee at Memco Engineering in Nashik typically ranges from ₹1.3 Lakhs to ₹1.8 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Engineer Trainee in Nashik at Memco Engineering earn more than ₹1.8 Lakhs per year, and the top 1% earn over ₹1.8 Lakhs per year. Engineer Trainee Salaries at Memco Engineering 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 9 Memco Engineering employees in India.

What is the estimated take home salary of a Engineer Trainee at Memco Engineering in Nashik?

The estimated take-home salary of a Engineer Trainee at Memco Engineering in Nashik typically ranges from ₹10,385 to ₹11,499 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹1.8 Lakhs per year for employees with experience ranging from Fresher 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 9 salaries received from various employees of Memco Engineering. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Memco Engineering for Engineer Trainee in India?

TDK India Private Limited	₹2.2 Lakhs to ₹3.0 Lakhs per year
Thyssenkrupp rothe erde	₹1.8 Lakhs to ₹2.5 Lakhs per year
MSL Driveline Systems	₹1.4 Lakhs to ₹2.2 Lakhs per year
Shareen Auto	₹1.5 Lakhs to ₹2.0 Lakhs per year
VIP Industries	₹1.2 Lakhs to ₹2.3 Lakhs per year

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

How the salary growth look like for a Engineer Trainee at Memco Engineering in Nashik?

The salary growth for a Engineer Trainee at Memco Engineering in Nashik depends on factors such as experience, performance, and promotions. On average, a Engineer Trainee in Nashik can expect the following growth trajectory at Memco Engineering:

Experience	Average Salary Range
Fresher	₹1.3 Lakhs to ₹2.8 Lakhs per year
1 year	₹1.4 Lakhs to ₹1.8 Lakhs per year
2 years	₹1.4 Lakhs to ₹1.8 Lakhs per year
3 years	₹1.4 Lakhs to ₹1.8 Lakhs per year

and so on.

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Memco Engineering Engineer Trainee Salaries in Nashik

Memco Engineering Engineer Trainee salary in Nashik ranges between ₹1.3 Lakh to ₹1.8 Lakh with an average annual salary of ₹. Salary estimates are based on 9 Memco Engineering latest salaries received from various employees of Memco Engineering.