Nova Chem Drugs Formulation Scientist Salaries by 4 Employees

5 - 9 years exp.

₹5.1 Lakhs - ₹8 Lakhs

Avg. annual salary

Monthly In-hand Salary

10% less than the average Formulation Scientist Salary for 5 - 9 years of experience

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Salaries in different departments

Research & Development Formulation Scientist Salary 5 - 9 years exp. (3 salaries)	₹5.1 L/yr - ₹8 L/yr
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Healthcare & Life Sciences Formulation Scientist Salary 9 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 20 Mar 2024

Companies similar to Nova Chem Drugs for Formulation Scientist

Company name	Avg Annual Salary	Open Jobs
Dr. Reddy's Formulation Scientist Salary 1 - 9 years exp. (258 salaries)	₹4.2 L/yr - ₹12 L/yr 36% more
Aurobindo Pharma Formulation Scientist Salary 2 - 9 years exp. (15 salaries)	₹3.8 L/yr - ₹11 L/yr 7% more
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Medreich Formulation Scientist Salary 0 - 3 years exp. (14 salaries)	₹2.5 L/yr - ₹4 L/yr 45% less
Teva Pharmaceuticals Formulation Scientist Salary 5 - 14 years exp. (10 salaries)	₹7.4 L/yr - ₹18 L/yr 103% more
Zydus Lifesciences Formulation Scientist Salary 1 - 9 years exp. (9 salaries)	₹1.5 L/yr - ₹10.2 L/yr 9% less

Formulation Scientist salary at Nova Chem Drugs ranges between ₹5.1 Lakhs to ₹8 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Nova Chem Drugs.

Experience wise Nova Chem Drugs Formulation Scientist salaries

Last Updated: 20 Mar 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
7 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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9 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr

Similar Designation salaries in Nova Chem Drugs

Research Scientist Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Research Analyst Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹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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Nova Chem Drugs Formulation Scientist Salary FAQs

What is the salary of Formulation Scientist at Nova Chem Drugs ?

The average salary of a Formulation Scientist at Nova Chem Drugs in India typically ranges from ₹5.1 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 5 years to 9 years).

The top 10% of Formulation Scientist at Nova Chem Drugs earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Formulation Scientist Salaries at Nova Chem Drugs 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 4 Nova Chem Drugs employees in India.

What is the estimated take home salary of a Formulation Scientist at Nova Chem Drugs in India?

The estimated take-home salary of a Formulation Scientist at Nova Chem Drugs in India typically ranges from ₹49,766 to ₹50,941 per month. This is based on the average salary range of ₹5.1 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 5 years to 9 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 4 salaries received from various employees of Nova Chem Drugs. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Nova Chem Drugs for Formulation Scientist in India?

Teva Pharmaceuticals	₹7.4 Lakhs to ₹18.0 Lakhs per year
Dr. Reddy's	₹4.2 Lakhs to ₹12.0 Lakhs per year
Aurobindo Pharma	₹3.8 Lakhs to ₹11.0 Lakhs per year

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

What is the salary of a Formulation Scientist in companies similar to Nova Chem Drugs in India?

The salary of a Formulation Scientist at companies similar to Nova Chem Drugs in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Zydus Lifesciences	₹1.5 Lakhs to ₹10.2 Lakhs per year
Medreich	₹2.5 Lakhs to ₹4.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Formulation Scientist at Nova Chem Drugs in India?

The salary growth for a Formulation Scientist at Nova Chem Drugs depends on factors such as experience, performance, and promotions. On average, a Formulation Scientist can expect the following growth trajectory at Nova Chem Drugs:

Experience	Average Salary Range
5 years	₹4.6 Lakhs to ₹5.9 Lakhs per year
7 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
9 years	₹6.3 Lakhs to ₹8.0 Lakhs per year

and so on.

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Nova Chem Drugs Formulation Scientist Salaries

Nova Chem Drugs Formulation Scientist salary in India ranges between ₹5.1 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Nova Chem Drugs latest salaries received from various employees of Nova Chem Drugs.