SKF Bangalore / Bengaluru Principal Engineer Salaries by 5 Employees

9 - 16 years exp.

₹12.5 Lakhs - ₹22.2 Lakhs

Salary of majority employees

49% less than the average Principal Engineer Salary in Auto Components Companies for 9 - 16 years of experience

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Salaries in different departments

Research & Development Principal Engineer Salary 11 - 16 years exp. (3 salaries)	₹17.2 L/yr - ₹22.2 L/yr
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Engineering - Software & QA Principal Engineer Salary 9 - 13 years exp. (AmbitionBox Estimate)	₹12.5 L/yr - ₹17.8 L/yr

Last Updated: 28 Apr 2023

Companies similar to SKF for Principal Engineer in Bangalore / Bengaluru

SKF Principal Engineer Salary

9 - 16 years exp. (5 salaries)

₹12.5 L/yr - ₹22.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Magna International Principal Engineer Salary 12 - 13 years exp. (3 salaries)	₹39.2 L/yr - ₹50 L/yr 144% more
HARMAN Principal Engineer Salary 9 - 16 years exp. (367 salaries)	₹15 L/yr - ₹50.6 L/yr 92% more	9 job openings
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Western Digital Principal Engineer Salary 8 - 15 years exp. (169 salaries)	₹20 L/yr - ₹59 L/yr 134% more
Wissen Technology Principal Engineer Salary 7 - 12 years exp. (126 salaries)	₹16 L/yr - ₹42 L/yr 79% more
Dell EMC Principal Engineer Salary 10 - 17 years exp. (124 salaries)	₹17.3 L/yr - ₹45 L/yr 69% more

Principal Engineer salary at SKF ranges between ₹12.5 Lakhs to ₹22.2 Lakhs per year for employees with experience between 9 years to 16 years. Salary estimates are based on 5 latest salaries received from various employees of SKF.

Experience wise SKF Principal Engineer salaries in Bangalore / Bengaluru

Last Updated: 28 Apr 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.4 L/yr
11 years (AmbitionBox Estimate)	₹15.5 L/yr - ₹19.8 L/yr
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13 years (AmbitionBox Estimate)	₹16.8 L/yr - ₹21.4 L/yr
15+ years (AmbitionBox Estimate)	₹20 L/yr - ₹25.5 L/yr

Similar Designation salaries in SKF

Senior Engineer Salary

(10 salaries)

₹6.45 L/yr - ₹14 L/yr

Lead Engineer Salary

(7 salaries)

₹14 L/yr - ₹22.67 L/yr

Senior Software Engineer Salary

(3 salaries)

₹14 L/yr - ₹22.1 L/yr

Top skills at SKF for Principal Engineer

Metallurgy Automotive Engineering Design Development Mechatronics Heat Treatment PLM Teamcenter Modeling Detailing Creo Automation Testing Project Management AutoCAD Fashion Designing Windchill Product Engineering

Salary related reviews for SKF

4.0

Rated by 2 employees for salary & benefits

Applications Engineer in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

3.0

• posted on 20 Sep 2024

3.0

for Salary and Benefits

Likes

Good work place environment. Good policies Good work life balance

Job security - Excellent

+3 more

Dislikes

Salary grade market correction must be done. High level of Favoritism by management employees who stay in the system for long time. Such people bend the company rules to favour their favourite employees.

Promotions - Bad

Product Engineer in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 16 May 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Bad company to work with. Does not pay well. HR is worst team. They say company will pay variable of 15% at the time of joining. They are complete liars. You don’t even get half. Zero ethics and culture. I don’t recommend anyone joining atleast in Bangalore, India office.

Salary - Bad

+5 more

Reliability Engineer in Gurgaon / Gurugram

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 21 Apr 2022

4.0

for Salary and Benefits

Likes

Company offers competitive salary only. Good leave policy. Management is good. On time salaries.Flexible working hours for employees who will work at office.

Salary - Good

+5 more

Dislikes

Increments are average.Not getting very good salary. No career growth and promotions. Company don’t offer salary to senior employees as per their expectation and work experience. Will not get preferred job location even after working more than 10 years. Work pressure is high.

Diploma Trainee Engineer in Pune

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 11 Aug 2020

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good,appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joiners.

Machine Operator in Mysuru / Mysore

Production, Manufacturing & Engineering Department

5.0

• posted on 09 Feb 2022

4.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. There is Good transport facility and they give good salary and canteen facility. This company give a good opportunity for fresher.On the job training is good for new joinees

Salary - Good

+4 more

Dislikes

Salary is decent but career growth is slow .There is no employeement in this company

Promotions - Poor

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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SKF Principal Engineer Salary FAQs

What is the salary of Principal Engineer at SKF in Bangalore / Bengaluru?

The average salary of a Principal Engineer at SKF in Bangalore / Bengaluru typically ranges from ₹12.5 Lakhs to ₹22.2 Lakhs per year, depending on experience (from 9 years to 16 years).

The top 10% of Principal Engineer in Bangalore / Bengaluru at SKF earn more than ₹22.2 Lakhs per year, and the top 1% earn over ₹22.2 Lakhs per year. Principal Engineer Salaries at SKF 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 SKF employees in India.

What is the estimated take home salary of a Principal Engineer at SKF in Bangalore / Bengaluru?

The estimated take-home salary of a Principal Engineer at SKF in Bangalore / Bengaluru typically ranges from ₹1,20,095 to ₹1,23,465 per month. This is based on the average salary range of ₹12.5 Lakhs to ₹22.2 Lakhs per year for employees with experience ranging from 9 years to 16 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 SKF. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Principal Engineer at SKF in Bangalore / Bengaluru?

To be a Principal Engineer at SKF in Bangalore / Bengaluru, the key skills required include:

- Metallurgy
- Automotive Engineering
- Design Development
- Mechatronics
- Heat Treatment

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

Which companies offer higher salaries than SKF for Principal Engineer in India?

Magna International	₹39.2 Lakhs to ₹50.0 Lakhs per year
Western Digital	₹20.0 Lakhs to ₹59.0 Lakhs per year
HARMAN	₹15.0 Lakhs to ₹50.6 Lakhs per year
Wissen Technology	₹16.0 Lakhs to ₹42.0 Lakhs per year
Dell EMC	₹17.3 Lakhs to ₹45.0 Lakhs per year

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

How the salary growth look like for a Principal Engineer at SKF in Bangalore / Bengaluru?

The salary growth for a Principal Engineer at SKF in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Principal Engineer in Bangalore / Bengaluru can expect the following growth trajectory at SKF:

Experience	Average Salary Range
9 years	₹11.3 Lakhs to ₹14.4 Lakhs per year
11 years	₹15.5 Lakhs to ₹19.8 Lakhs per year
13 years	₹16.8 Lakhs to ₹21.4 Lakhs per year
15 years	₹20.0 Lakhs to ₹25.5 Lakhs per year

and so on.

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SKF Principal Engineer Salaries in Bangalore / Bengaluru

SKF Principal Engineer salary in Bangalore / Bengaluru ranges between ₹12.5 Lakhs to ₹22.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SKF latest salaries received from various employees of SKF.