Simulation Lab Product Development Engineer Salaries by 6 Employees

0 - 3 years exp.

₹1 Lakh - ₹8 Lakhs

Avg. annual salary

Monthly In-hand Salary

44% less than the average Product Development Engineer Salary in Analytics & KPO Companies for 0 - 3 years of experience

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Salaries in different departments

Research & Development Product Development Engineer Salary 0 - 3 years exp. (4 salaries)	₹1.7 L/yr - ₹8 L/yr
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Production, Manufacturing & Engineering Product Development Engineer Salary 1 year exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.2 L/yr

Last Updated: 12 May 2024

Companies similar to Simulation Lab for Product Development Engineer

Company name	Avg Annual Salary	Open Jobs
Phenom Product Development Engineer Salary 1 - 4 years exp. (203 salaries)	₹6 L/yr - ₹21.4 L/yr 170% more	2 job openings
Comviva Technology Product Development Engineer Salary 0 - 2 years exp. (194 salaries)	₹5.1 L/yr - ₹9.5 L/yr 52% more
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TE Connectivity Product Development Engineer Salary 1 - 9 years exp. (140 salaries)	₹4 L/yr - ₹15 L/yr 104% more	9 job openings
HARMAN Product Development Engineer Salary 1 - 5 years exp. (85 salaries)	₹4 L/yr - ₹14 L/yr 77% more
UST Product Development Engineer Salary 2 - 6 years exp. (71 salaries)	₹3 L/yr - ₹8.7 L/yr 39% more

Product Development Engineer salary at Simulation Lab ranges between ₹1 Lakh to ₹8 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 6 latest salaries received from various employees of Simulation Lab.

Experience wise Simulation Lab Product Development Engineer salaries

Last Updated: 12 May 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1 L/yr - ₹2 L/yr
1 year (3 salaries)	₹1.7 L/yr - ₹5.3 L/yr
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2 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
3 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹8 L/yr

Similar Designation salaries in Simulation Lab

Software Engineer Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

Quality Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Salary related reviews for Simulation Lab

3.4

Rated by 4 employees for salary & benefits

Research Intern (working remotely)

Intern

Research & Development Department

1.0

• posted on 03 Jul 2024

1.0

for Salary and Benefits

Likes

The instructors are supportive and responsive. The internship is fairly good for beginners who know nothing about CFD. The material provided is fairly good and well defined.

Company culture - Good

+1 more

Dislikes

...nor do you enhance your command on the software. And they charge you doing that. In my strong opinion, they should rather pay for that.

Salary - Bad

+4 more

Intern in Pune

Intern

Other Department

1.0

• posted on 12 Mar 2023

1.0

for Salary and Benefits

Likes

Work timings were flexible and the provided data was good videos were helpful. You don't need prior knowledge to work.

Work-life balance - Excellent

Dislikes

Bad communication with interns. They don't pay attention to working professionals. The communication was lethargic. They gave updates in the moment so people don't have enough time to act upon.

Salary - Bad

+5 more

Intern in Work From Home (working remotely)

Intern

Product Development CAE intern Department

5.0

• posted on 16 Jan 2022

5.0

for Salary and Benefits

Likes

It is a best internship where you can learn more about latest research ,cfd analysis and structural analysis specially in Ansys workbench . And further you gain experience to work in team and share your own research idea to the company.

Salary - Excellent

+6 more

Dislikes

In this internship you have to pay for registration .But still its worth enough cause we are gaining good experience regarding cfd, Ansys and being able to work in ongoing research

Cae Engineer Intern in Pune

Intern

CAE product development Department

4.0

• posted on 14 Nov 2021

3.0

for Salary and Benefits

Likes

I was an intern and was working from home for just 2 hrs a day so nothing much to say from my side.

Skill development - Good

+5 more

Dislikes

Nothing as such but you are supposed to pay a fee for internship opportunity,but the experience was good

Cae Engineer Intern (working remotely)

Intern

Research & Development Department

5.0

• posted on 05 Jul 2023

2.0

for Salary and Benefits

Likes

The 2 month internship program provides young CAE enthusiasts a stepping platform to spark ignite their career in this field. A vast amount of study material and also industry related projects are available for candidates to upskill themself.

Skill development - Excellent

+3 more

Dislikes

None.

Salary - Poor

+2 more

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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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Simulation Lab Product Development Engineer Salary FAQs

What is the salary of Product Development Engineer at Simulation Lab ?

The average salary of a Product Development Engineer at Simulation Lab in India typically ranges from ₹1.0 Lakhs to ₹8.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Product Development Engineer at Simulation Lab earn more than ₹7.7 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Product Development Engineer Salaries at Simulation Lab 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 6 Simulation Lab employees in India.

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

The estimated take-home salary of a Product Development Engineer at Simulation Lab in India typically ranges from ₹33,388 to ₹34,652 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from Fresher to 3 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 6 salaries received from various employees of Simulation Lab. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Simulation Lab for Product Development Engineer in India?

Phenom	₹6.0 Lakhs to ₹21.4 Lakhs per year
TE Connectivity	₹4.0 Lakhs to ₹15.0 Lakhs per year
HARMAN	₹4.0 Lakhs to ₹14.0 Lakhs per year
Comviva Technology	₹5.1 Lakhs to ₹9.5 Lakhs per year
UST	₹3.0 Lakhs to ₹8.7 Lakhs per year

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

How the salary growth look like for a Product Development Engineer at Simulation Lab in India?

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

Experience	Average Salary Range
Fresher	₹1.0 Lakhs to ₹2.0 Lakhs per year
1 year	₹1.7 Lakhs to ₹5.3 Lakhs per year
2 years	₹5.0 Lakhs to ₹6.4 Lakhs per year
3 years	₹3.1 Lakhs to ₹8.0 Lakhs per year

and so on.

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Simulation Lab Product Development Engineer Salaries

Simulation Lab Product Development Engineer salary in India ranges between ₹1 Lakh to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Simulation Lab latest salaries received from various employees of Simulation Lab.