MTU Principal Engineer Salaries by 10+ Employees (Updated 2024)

10 - 15 years exp.

₹12.9 Lakhs - ₹21 Lakhs

Salary of majority employees

39% less than the average Principal Engineer Salary for 10 - 15 years of experience

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Salaries in different departments

Research & Development Principal Engineer Salary 10 - 13 years exp. (7 salaries)	₹12.9 L/yr - ₹20.5 L/yr
Engineering - Software & QA Principal Engineer Salary 10 - 15 years exp. (3 salaries)	₹17 L/yr - ₹19.9 L/yr
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Production, Manufacturing & Engineering Principal Engineer Salary 11 - 13 years exp. (3 salaries)	₹15.6 L/yr - ₹20 L/yr

Last Updated: 3 Nov 2024

Companies similar to MTU for Principal Engineer

Company name	Avg Annual Salary	Open Jobs
Larsen & Toubro Limited Principal Engineer Salary 10 - 18 years exp. (5 salaries)	₹27 L/yr - ₹45 L/yr 81% more
TCS Principal Engineer Salary 8 - 19 years exp. (19 salaries)	₹18 L/yr - ₹51.8 L/yr 69% more
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Infosys Principal Engineer Salary 5 - 18 years exp. (16 salaries)	₹19 L/yr - ₹45.8 L/yr 56% more
Wipro Principal Engineer Salary 9 - 22 years exp. (26 salaries)	₹13 L/yr - ₹44.6 L/yr 55% more
Tech Mahindra Principal Engineer Salary 8 - 18 years exp. (5 salaries)	₹21 L/yr - ₹27 L/yr 22% more
HCLTech Principal Engineer Salary 10 - 15 years exp. (5 salaries)	₹26 L/yr - ₹45 L/yr 75% more
Reliance Industries Principal Engineer Salary 13 - 18 years exp. (3 salaries)	₹27 L/yr - ₹60 L/yr 105% more
Mahindra & Mahindra Principal Engineer Salary 16 - 23 years exp. (30 salaries)	₹29 L/yr - ₹55 L/yr 132% more
Marelli Principal Engineer Salary 9 - 13 years exp. (6 salaries)	₹22 L/yr - ₹40 L/yr 81% more
Huawei Technologies Principal Engineer Salary 14 - 16 years exp. (4 salaries)	₹16 L/yr - ₹94.8 L/yr 139% more

Principal Engineer salary at MTU ranges between ₹12.9 Lakhs to ₹21 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 16 latest salaries received from various employees of MTU.

Experience wise MTU Principal Engineer salaries

Last Updated: 3 Nov 2024

Experience	Avg Annual Salary
10 years (3 salaries)	₹12.9 L/yr - ₹33 L/yr
11 years (5 salaries)	₹14 L/yr - ₹33.5 L/yr
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12 years (4 salaries)	₹15.9 L/yr - ₹21 L/yr
13 years (3 salaries)	₹14.5 L/yr - ₹20 L/yr
14 years (AmbitionBox Estimate)	₹17.5 L/yr - ₹22.4 L/yr
15+ years (AmbitionBox Estimate)	₹17 L/yr - ₹35.5 L/yr

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Similar Designation salaries in MTU

Senior Engineer Salary

(14 salaries)

₹7.5 L/yr - ₹18.88 L/yr

Software Engineer Salary

(AmbitionBox Estimate)

₹9.5 L/yr - ₹12.2 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹10.1 L/yr - ₹12.9 L/yr

Technical Lead Salary

(5 salaries)

₹16.15 L/yr - ₹24.5 L/yr

Project Lead Salary

(AmbitionBox Estimate)

₹12.5 L/yr - ₹16 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.9 L/yr

Salary related reviews for MTU

System Administrator in Pune

Full Time

IT & Information Security Department

5.0

• posted on 14 Jul 2024

5.0

for Salary and Benefits

Likes

It was good experience with IT team and overall MTU India.

Dislikes

...ayroll of that company MtU India then its good for you and also having benifits. But mostly they hire contract basis so its not secure and less salary and benifits. Overall work culture is good and same fir everyone.

Service Engineer in Korba

Full Time

Mining Department

2.0

• posted on 24 Dec 2022

4.0

for Salary and Benefits

Likes

As a company MTU is very good, it's policies employee benifits and development plan is very good

Dislikes

The worst thing that I faced or u can say it's my bad luck that got opportunity to work under manager like hike out of courtesy am not mentioning his name

Analyst in Pune

Contractual

Research & Development Department

1.0

• posted on 06 Jul 2023

3.0

for Salary and Benefits

Likes

Free Food, work ambience

Dislikes

Discrimination between contract employees and direct payroll employees. WFH policy work differently for contract and direct payroll employees. No appreciation of work, just bossing. No trainings given. No satisfaction of work

Divisional Manager Defence Business in New Delhi

Administration & Facilities Department

3.0

• posted on 10 Dec 2018

4.0

for Salary and Benefits

Likes

Job content was interesting as it involved working on Defence land systems. It was challenging because of the close interaction needed with the MoD, GoI.

Dislikes

Management lacked working knowledge of Army ethos & Defence land systems development process & procedures. Yet it failed to acknowledge & make use of the domain expertise brought to them from my Army experience.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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MTU Principal Engineer Salary FAQs

What is the salary of Principal Engineer at MTU?

Principal Engineer salary at MTU in India ranges between ₹12.9 Lakhs to ₹21.0 Lakhs for experience between 10 years to 15 years. According to our estimates it is 39% less than the average Principal Engineer Salary in India. Salary estimates are based on 16 latest salaries received from various employees of MTU India.

How does the salary of a Principal Engineer at MTU India compare with the average salary range for this job?

The average salary of a Principal Engineer at MTU is 39% less than the average salary of a Principal Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than MTU to a Principal Engineer in India?

Huawei Technologies Principal Engineer Salary - ₹16.0 Lakhs to ₹94.8 Lakhs per year
Mahindra & Mahindra Principal Engineer Salary - ₹29.0 Lakhs to ₹55.0 Lakhs per year
Reliance Industries Principal Engineer Salary - ₹27.0 Lakhs to ₹60.0 Lakhs per year
Larsen & Toubro Limited Principal Engineer Salary - ₹27.0 Lakhs to ₹45.0 Lakhs per year
Marelli Principal Engineer Salary - ₹22.0 Lakhs to ₹40.0 Lakhs per year

What is the salary of a Principal Engineer in companies similar to MTU in India?

HCLTech Principal Engineer Salary - ₹26.0 Lakhs to ₹45.0 Lakhs per year
TCS Principal Engineer Salary - ₹18.0 Lakhs to ₹51.8 Lakhs per year
Infosys Principal Engineer Salary - ₹19.0 Lakhs to ₹45.8 Lakhs per year
Wipro Principal Engineer Salary - ₹13.0 Lakhs to ₹44.6 Lakhs per year
Tech Mahindra Principal Engineer Salary - ₹21.0 Lakhs to ₹27.0 Lakhs per year

What is the estimated take home salary of a Principal Engineer at MTU in India?

The estimated take-home salary of a Principal Engineer at MTU ranges between ₹1,26,619 per month to ₹1,30,758 per month in India. The take-home salary calculation is based on the average MTU Principal Engineer salary in India which ranges between ₹12.9 Lakhs to ₹21.0 Lakhs per year for employees with experience between 10 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Principal Engineer at MTU?

According to AmbitionBox, 100% of the MTU Principal Engineers reported a notice period of 3 Months.This is based on 10 responses on AmbitionBox in last 2 years.

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MTU Principal Engineer Salaries

MTU Principal Engineer salary in India ranges between ₹12.9 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 MTU latest salaries received from various employees of MTU.