Microtech Engineering new Product Development Engineer Salaries by 3 Employees

6 - 8 years exp.

₹2.7 Lakhs - ₹4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

12% less than the average new Product Development Engineer Salary in Industrial Machinery Companies for 6 - 8 years of experience

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Last Updated: 23 Jun 2024

Companies similar to Microtech Engineering for new Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Nash Industries new Product Development Engineer Salary 1 - 6 years exp. (27 salaries)	₹1.8 L/yr - ₹6 L/yr 33% more
C.R.I. Pumps new Product Development Engineer Salary 1 - 3 years exp. (4 salaries)	₹1.6 L/yr - ₹2 L/yr 52% less
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Flowserve new Product Development Engineer Salary 8 - 11 years exp. (3 salaries)	₹9.4 L/yr - ₹10.5 L/yr 184% more
INDO-MIM new Product Development Engineer Salary 0 - 4 years exp. (69 salaries)	₹2.7 L/yr - ₹5.5 L/yr 13% more
L.G.Balakrishnan & Bros new Product Development Engineer Salary 1 - 8 years exp. (42 salaries)	₹1.8 L/yr - ₹5 L/yr 7% less

new Product Development Engineer salary at Microtech Engineering ranges between ₹2.7 Lakhs to ₹4 Lakhs per year for employees with experience between 6 years to 8 years. Salary estimates are based on 3 latest salaries received from various employees of Microtech Engineering.

Experience wise Microtech Engineering new Product Development Engineer salaries

Last Updated: 23 Jun 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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8 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 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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Microtech Engineering new Product Development Engineer Salary FAQs

How the salary growth look like for a new Product Development Engineer at Microtech Engineering in India?

The salary growth for a new Product Development Engineer at Microtech Engineering depends on factors such as experience, performance, and promotions. On average, a new Product Development Engineer can expect the following growth trajectory at Microtech Engineering:

Experience	Average Salary Range
6 years	₹2.4 Lakhs to ₹3.1 Lakhs per year
7 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
8 years	₹3.6 Lakhs to ₹4.6 Lakhs per year

and so on.

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Microtech Engineering new Product Development Engineer Salaries

Microtech Engineering new Product Development Engineer salary in India ranges between ₹2.7 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Microtech Engineering latest salaries received from various employees of Microtech Engineering.