Siemens Energy Product Development Engineer Salaries by 4 Employees

5 - 14 years exp.

₹8 Lakhs - ₹17 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

36% more than the average Product Development Engineer Salary in Power Companies for 5 - 14 years of experience

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Last Updated: 23 Apr 2023

Companies similar to Siemens Energy for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Eaton Product Development Engineer Salary 2 - 12 years exp. (4 salaries)	₹6.6 L/yr - ₹15 L/yr 7% more
Jakson Group Product Development Engineer Salary 5 - 7 years exp. (3 salaries)	₹5.4 L/yr - ₹11.5 L/yr 31% less
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Phenom Product Development Engineer Salary 1 - 4 years exp. (203 salaries)	₹6 L/yr - ₹21.4 L/yr 12% more	5 job openings
Comviva Technology Product Development Engineer Salary 0 - 2 years exp. (194 salaries)	₹5.1 L/yr - ₹9.5 L/yr 36% less
TE Connectivity Product Development Engineer Salary 1 - 9 years exp. (140 salaries)	₹4 L/yr - ₹15 L/yr 15% less	9 job openings

Product Development Engineer salary at Siemens Energy ranges between ₹8 Lakhs to ₹17 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Siemens Energy.

Experience wise Siemens Energy Product Development Engineer salaries

Last Updated: 23 Apr 2023

Experience	Avg Annual Salary
5 years (3 salaries)	₹8 L/yr - ₹9 L/yr
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14 years (AmbitionBox Estimate)	₹15.3 L/yr - ₹19.5 L/yr

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Top skills at Siemens Energy for Product Development Engineer

Cost Reduction Machinery Root Cause Analysis Analytical Aerodynamics Siemens Mechanical Engineering Automation HP Data Protector Currency Swaps Cobol Test Cases Veritas Netbackup CAD ISO 9000

Salary related reviews for Siemens Energy

2.0

Rated by 1 employees for salary & benefits

Design Engineer in Vadodara

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 09 Mar 2023

1.0

for Salary and Benefits

Likes

Job security & No restrictions for punch timing.. 2-3 days work from home also applicable. No prior formalities for leave.. Basically you feel like your 2nd home.. Good working environment & Culture.

Job security - Excellent

Dislikes

Salary , Increment. No prior guidelines for promotion , hike even growth perspective. There is no proper hierarchy channel so all people reporting to single person with different Designation. Favoritism & Dirty politics are now become pillar to grow in Siemens.

Salary - Bad

+2 more

Mechanical Engineer in Ahmedabad

Project & Program Management Department

5.0

• posted on 21 Apr 2022

4.0

for Salary and Benefits

Likes

I am connected with Dresser Rand company with 11yrs. Fully job security.working culture is also excellent. Company policy is also good. They give all types of facilities which employee needs. I like Dresser Rand company. I am happy that iam a part of this company

Salary - Good

+6 more

Dislikes

I am facing salary issue.

Senior Software Engineer in Pune

Engineering - Software & QA Department

3.0

• posted on 14 Mar 2022

2.0

for Salary and Benefits

Likes

Work Life Balance, work culture, friendly environment.

Job security - Good

+1 more

Dislikes

Politics, Not much Career Development Opportunities, Half Policy Information, Salary not as per market or even siemens standard, improper hikes and promotions.

Salary - Poor

+1 more

Deputy Manager in Pune

Procurement & Supply Chain Department

1.0

• posted on 17 Jan 2022

2.0

for Salary and Benefits

Likes

Stakeholder support

Job security - Good

+2 more

Dislikes

No brainer local management. Low salary pays. No future growth plan. Managers are becoming rich day by day & don’t let other subordinates become rich. Very less salaries compared to other places.

Salary - Poor

+2 more

Engineer in Pune

Full Time

Production, Manufacturing & Engineering Department

2.0

• posted on 20 Dec 2024

1.0

for Salary and Benefits

Likes

Good culture

Skill development - Good

+3 more

Dislikes

There is no good salary structure. They are not consider work experience while discussing salary.they only considering previous salary it's not correct Way to fix the salary.should be consider experience also then have to give salary slot.

Salary - Bad

+1 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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Siemens Energy Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Siemens Energy ?

The average salary of a Product Development Engineer at Siemens Energy in India typically ranges from ₹8.0 Lakhs to ₹17.0 Lakhs per year, depending on experience (from 5 years to 14 years).

The top 10% of Product Development Engineer at Siemens Energy earn more than ₹17.0 Lakhs per year, and the top 1% earn over ₹17.0 Lakhs per year. Product Development Engineer Salaries at Siemens Energy 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 Siemens Energy employees in India.

What is the estimated take home salary of a Product Development Engineer at Siemens Energy in India?

The estimated take-home salary of a Product Development Engineer at Siemens Energy in India typically ranges from ₹77,095 to ₹79,095 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹17.0 Lakhs per year for employees with experience ranging from 5 years to 14 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 Siemens Energy. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Product Development Engineer at Siemens Energy ?

To be a Product Development Engineer at Siemens Energy in india, the key skills required include:

- Cost Reduction
- Machinery
- Root Cause Analysis
- Analytical
- Aerodynamics

These skills are highly valued at Siemens Energy and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Siemens Energy for Product Development Engineer in India?

Phenom	₹6.0 Lakhs to ₹21.4 Lakhs per year
Eaton	₹6.6 Lakhs to ₹15.0 Lakhs per year

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

What is the salary of a Product Development Engineer in companies similar to Siemens Energy in India?

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

TE Connectivity	₹4.0 Lakhs to ₹15.0 Lakhs per year
Jakson Group	₹5.4 Lakhs to ₹11.5 Lakhs per year
Comviva Technology	₹5.1 Lakhs to ₹9.5 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 Development Engineer at Siemens Energy in India?

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

Experience	Average Salary Range
5 years	₹8.0 Lakhs to ₹9.0 Lakhs per year
14 years	₹15.3 Lakhs to ₹19.5 Lakhs per year

and so on.

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Siemens Energy Product Development Engineer Salaries

Siemens Energy Product Development Engineer salary in India ranges between ₹8 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Siemens Energy latest salaries received from various employees of Siemens Energy.