Philips Innovation Campus Product Engineer Salaries by 5 Employees

0 - 7 years exp.

₹9 Lakhs - ₹18 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

36% more than the average Product Engineer Salary in Healthcare Companies for 0 - 7 years of experience

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Salaries in different departments

Healthcare & Life Sciences Product Engineer Salary Fresher (AmbitionBox Estimate)	₹8.1 L/yr - ₹9.9 L/yr
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Research & Development Product Engineer Salary 6 years exp. (AmbitionBox Estimate)	₹16.2 L/yr - ₹19.8 L/yr

Last Updated: 28 Feb 2024

Companies similar to Philips Innovation Campus for Product Engineer

Company name	Avg Annual Salary	Open Jobs
TCS Product Engineer Salary 0 - 4 years exp. (392 salaries)	₹2.8 L/yr - ₹9 L/yr 55% less
Intellect Design Arena Product Engineer Salary 0 - 4 years exp. (342 salaries)	₹2.8 L/yr - ₹10.4 L/yr 51% less
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HARMAN Product Engineer Salary 2 - 5 years exp. (325 salaries)	₹3.4 L/yr - ₹11.1 L/yr 41% less	2 job openings
LTIMindtree Product Engineer Salary 1 - 5 years exp. (286 salaries)	₹3.6 L/yr - ₹11.9 L/yr 39% less
Temenos Product Engineer Salary 2 - 4 years exp. (216 salaries)	₹6.3 L/yr - ₹14 L/yr 14% less

Product Engineer salary at Philips Innovation Campus ranges between ₹9 Lakhs to ₹18 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Philips Innovation Campus.

Experience wise Philips Innovation Campus Product Engineer salaries

Last Updated: 28 Feb 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
1 year (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
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2 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
3 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
4 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.3 L/yr
5 years (AmbitionBox Estimate)	₹11 L/yr - ₹14 L/yr
6 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr
7 years (AmbitionBox Estimate)	₹12 L/yr - ₹15.3 L/yr

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Salary related reviews for Philips Innovation Campus

Software Engineer in Bangalore / Bengaluru

Full Time

Healthcare & Life Sciences Department

1.0

• posted on 07 Jul 2023

4.0

for Salary and Benefits

Likes

Salary is paid according to the market. But don’t expect any hikes.

Salary - Good

Dislikes

No job security at all. Everything is politics and take you out according to their need. Doesn’t consider your performance before you are put out. 0/5 for the job security

Skill development - Bad

+3 more

Software Engineer in Bangalore / Bengaluru

Engineering - Software & QA Department

3.0

• posted on 10 Apr 2019

2.0

for Salary and Benefits

Likes

Work life balance might be good

Work-life balance - Good

Dislikes

... and the hike is also very low compared to other companies.. Go for a startup .. Most of them even offer better salary than Philips ... And you will get to learn a lot...

Salary - Poor

+3 more

Senior Software Engineer in Bangalore / Bengaluru

Engineering - Software & QA Department

5.0

• posted on 24 Aug 2018

3.0

for Salary and Benefits

Likes

you get to work with some very talented and down to earth people who are always there to help you. You get a very good work life balance and it is very less that you will be overloaded with the work. You also get decent career growth .

Job security - Excellent

+3 more

Dislikes

Compensation is less in comparison to another companies with same level of experience. Travel opportunities are very less.

Software Technologist 1 in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

3.0

• posted on 12 Aug 2024

4.0

for Salary and Benefits

Likes

Good thing is too much Life balance and you will easily come to comfort zone.

Salary - Good

+2 more

Dislikes

...rned before coming to Philips. Job security after Covid - 2022 has become worse. They pay you well, but you will be in a shock once they inform you that you have notice period left and to search outside. The reason for lay-off or firing they give is organizational restructuring, but still they hire which is really confusing.

Job security - Bad

+2 more

Data Scientist in Bangalore / Bengaluru

Full Time

Data Science & Analytics Department

4.0

• posted on 18 Jun 2024

1.0

for Salary and Benefits

Likes

Some teams don't have micromanagement . Internal team pay and wlb is better than people working for Business

Work-life balance - Good

Dislikes

Company culture drastically changed after the company suffered a huge loss . Micromanagement culture has started and it's impacting the productivity. Dont expect a good single digit hike also till the company becomes stable .

Salary - Bad

+5 more

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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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Philips Innovation Campus Product Engineer Salary FAQs

What is the salary of Product Engineer at Philips Innovation Campus ?

The average salary of a Product Engineer at Philips Innovation Campus in India typically ranges from ₹9.0 Lakhs to ₹18.0 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Product Engineer at Philips Innovation Campus earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Product Engineer Salaries at Philips Innovation Campus 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 5 Philips Innovation Campus employees in India.

What is the estimated take home salary of a Product Engineer at Philips Innovation Campus in India?

The estimated take-home salary of a Product Engineer at Philips Innovation Campus in India typically ranges from ₹80,866 to ₹82,973 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from Fresher to 7 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 5 salaries received from various employees of Philips Innovation Campus. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Product Engineer in companies similar to Philips Innovation Campus in India?

The salary of a Product Engineer at companies similar to Philips Innovation Campus in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Temenos	₹6.3 Lakhs to ₹14.0 Lakhs per year
LTIMindtree	₹3.6 Lakhs to ₹11.9 Lakhs per year
HARMAN	₹3.4 Lakhs to ₹11.1 Lakhs per year
Intellect Design Arena	₹2.8 Lakhs to ₹10.4 Lakhs per year
TCS	₹2.8 Lakhs to ₹9.0 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 Product Engineer at Philips Innovation Campus in India?

The salary growth for a Product Engineer at Philips Innovation Campus depends on factors such as experience, performance, and promotions. On average, a Product Engineer can expect the following growth trajectory at Philips Innovation Campus:

Experience	Average Salary Range
Fresher	₹8.4 Lakhs to ₹10.7 Lakhs per year
1 year	₹8.9 Lakhs to ₹11.4 Lakhs per year
2 years	₹9.4 Lakhs to ₹12.0 Lakhs per year
3 years	₹9.9 Lakhs to ₹12.7 Lakhs per year

and so on.

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Philips Innovation Campus Product Engineer Salaries

Philips Innovation Campus Product Engineer salary in India ranges between ₹9 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Philips Innovation Campus latest salaries received from various employees of Philips Innovation Campus.