MV Electrosystems Hardware Design Engineer Salaries by 4 Employees (Updated 2024)

4 - 6 years exp.

₹4.2 Lakhs - ₹4.3 Lakhs

Salary of majority employees

38% less than the average Hardware Design Engineer Salary for 4 - 6 years of experience

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Last Updated: 13 Nov 2023

Companies similar to MV Electrosystems for Hardware Design Engineer

Company name	Avg Annual Salary	Open Jobs
ABB Hardware Design Engineer Salary 1 - 4 years exp. (10 salaries)	₹2.4 L/yr - ₹8.5 L/yr 9% more
Siemens Hardware Design Engineer Salary 1 - 8 years exp. (5 salaries)	₹4 L/yr - ₹8.7 L/yr 53% more
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Schneider Electric Hardware Design Engineer Salary 0 - 6 years exp. (21 salaries)	₹4.3 L/yr - ₹12.5 L/yr 118% more
Havells Hardware Design Engineer Salary 1 - 4 years exp. (4 salaries)	₹3.2 L/yr - ₹6.1 L/yr 4% more
Larsen & Toubro Limited Hardware Design Engineer Salary 2 - 6 years exp. (20 salaries)	₹3.2 L/yr - ₹8.5 L/yr 31% more	1 job opening
Delta Electronics Hardware Design Engineer Salary 1 - 2 years exp. (3 salaries)	₹8.5 L/yr - ₹10.5 L/yr 128% more
Marelli Hardware Design Engineer Salary 2 - 9 years exp. (4 salaries)	₹5.9 L/yr - ₹25 L/yr 297% more

Hardware Design Engineer salary at MV Electrosystems ranges between ₹4.2 Lakhs to ₹4.3 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of MV Electrosystems.

Experience wise MV Electrosystems Hardware Design Engineer salaries

Last Updated: 13 Nov 2023

Experience	Avg Annual Salary
4 years (3 salaries)	₹3.8 L/yr - ₹4.9 L/yr
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6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr

Similar Designation salaries in MV Electrosystems

Senior Design Engineer Salary

(5 salaries)

₹7.05 L/yr - ₹10.05 L/yr

Design Engineer Salary

(3 salaries)

₹4.3 L/yr - ₹11.7 L/yr

Senior Engineer Salary

(10 salaries)

₹5 L/yr - ₹10.3 L/yr

Electrical Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Software Engineer Salary

(3 salaries)

₹6.3 L/yr - ₹8 L/yr

Senior Mechanical Design Engineer Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Deputy Manager Salary

(3 salaries)

₹13 L/yr - ₹18.5 L/yr

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a technical project manager

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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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MV Electrosystems Hardware Design Engineer Salary FAQs

What is the salary of Hardware Design Engineer at MV Electrosystems?

Hardware Design Engineer salary at MV Electrosystems in India ranges between ₹4.2 Lakhs to ₹4.3 Lakhs for experience between 4 years to 6 years. According to our estimates it is 38% less than the average Hardware Design Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of MV Electrosystems India.

How does the salary of a Hardware Design Engineer at MV Electrosystems India compare with the average salary range for this job?

The average salary of a Hardware Design Engineer at MV Electrosystems is 38% less than the average salary of a Hardware Design Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than MV Electrosystems to a Hardware Design Engineer in India?

Marelli Hardware Design Engineer Salary - ₹5.9 Lakhs to ₹25.0 Lakhs per year
Delta Electronics Hardware Design Engineer Salary - ₹8.5 Lakhs to ₹10.5 Lakhs per year
Schneider Electric Hardware Design Engineer Salary - ₹4.3 Lakhs to ₹12.5 Lakhs per year
Siemens Hardware Design Engineer Salary - ₹4.0 Lakhs to ₹8.7 Lakhs per year
Larsen & Toubro Limited Hardware Design Engineer Salary - ₹3.2 Lakhs to ₹8.5 Lakhs per year

What is the salary of a Hardware Design Engineer in companies similar to MV Electrosystems in India?

ABB Hardware Design Engineer Salary - ₹2.4 Lakhs to ₹8.5 Lakhs per year
Havells Hardware Design Engineer Salary - ₹3.2 Lakhs to ₹6.1 Lakhs per year

What is the estimated take home salary of a Hardware Design Engineer at MV Electrosystems in India?

The estimated take-home salary of a Hardware Design Engineer at MV Electrosystems ranges between ₹31,439 per month to ₹32,732 per month in India. The take-home salary calculation is based on the average MV Electrosystems Hardware Design Engineer salary in India which ranges between ₹4.2 Lakhs to ₹4.3 Lakhs per year for employees with experience between 4 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Hardware Design Engineer at MV Electrosystems?

According to AmbitionBox, 100% of the MV Electrosystems Hardware Design Engineers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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MV Electrosystems Hardware Design Engineer Salaries

MV Electrosystems Hardware Design Engineer salary in India ranges between ₹4.2 Lakhs to ₹4.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 MV Electrosystems latest salaries received from various employees of MV Electrosystems.