SKF Product Engineering Specialist Salaries by 4 Employees

2 - 12 years exp.

₹2.5 Lakhs - ₹11.9 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

69% less than the average Product Engineering Specialist Salary in Auto Components Companies for 2 - 12 years of experience

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Salaries in different departments

Engineering - Software & QA Product Engineering Specialist Salary 2 - 10 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
Data Science & Analytics Product Engineering Specialist Salary 5 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹5.7 L/yr
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Research & Development Product Engineering Specialist Salary 12 years exp. (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.1 L/yr

Last Updated: 11 Mar 2023

Companies similar to SKF for Product Engineering Specialist

Company name	Avg Annual Salary	Open Jobs
Cummins Product Engineering Specialist Salary 6 - 13 years exp. (25 salaries)	₹15.3 L/yr - ₹33 L/yr 328% more
LTIMindtree Product Engineering Specialist Salary 5 - 10 years exp. (11 salaries)	₹15 L/yr - ₹29 L/yr 289% more
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Alight Solutions Product Engineering Specialist Salary 8 - 9 years exp. (4 salaries)	₹18 L/yr - ₹25 L/yr 289% more
Nitin Enterprises Product Engineering Specialist Salary 5 - 7 years exp. (4 salaries)	₹4.2 L/yr - ₹5.3 L/yr 17% less
Accenture Product Engineering Specialist Salary 4 - 7 years exp. (4 salaries)	₹17 L/yr - ₹20.5 L/yr 228% more

Product Engineering Specialist salary at SKF ranges between ₹2.5 Lakhs to ₹11.9 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of SKF.

Experience wise SKF Product Engineering Specialist salaries

Last Updated: 11 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
5 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
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10 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
12 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr

Similar Designation salaries in SKF

Product Engineer Salary

(26 salaries)

₹4.53 L/yr - ₹15 L/yr

Project Engineer Salary

(11 salaries)

₹2.75 L/yr - ₹6.77 L/yr

Production Supervisor Salary

(16 salaries)

₹1.8 L/yr - ₹6.5 L/yr

Production Engineer Salary

(67 salaries)

₹1 L/yr - ₹5 L/yr

Product Development Engineer Salary

(3 salaries)

₹10 L/yr - ₹14.1 L/yr

Production Officer Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Production Manager Salary

(4 salaries)

₹12 L/yr - ₹50.33 L/yr

Lead Engineer Salary

(7 salaries)

₹14 L/yr - ₹22.67 L/yr

Senior Engineer Salary

(10 salaries)

₹6.45 L/yr - ₹14 L/yr

Quality Engineer Salary

(44 salaries)

₹1.3 L/yr - ₹5.65 L/yr

Salary related reviews for SKF

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

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

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

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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SKF Product Engineering Specialist Salary FAQs

What is the salary of Product Engineering Specialist at SKF ?

The average salary of a Product Engineering Specialist at SKF in India typically ranges from ₹2.5 Lakhs to ₹11.9 Lakhs per year, depending on experience (from 2 years to 12 years).

The top 10% of Product Engineering Specialist at SKF earn more than ₹11.9 Lakhs per year, and the top 1% earn over ₹11.9 Lakhs per year. Product Engineering Specialist 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 4 SKF employees in India.

What is the estimated take home salary of a Product Engineering Specialist at SKF in India?

The estimated take-home salary of a Product Engineering Specialist at SKF in India typically ranges from ₹41,781 to ₹42,920 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹11.9 Lakhs per year for employees with experience ranging from 2 years to 12 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 SKF. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SKF for Product Engineering Specialist in India?

Cummins	₹15.3 Lakhs to ₹33.0 Lakhs per year
Alight Solutions	₹18.0 Lakhs to ₹25.0 Lakhs per year
LTIMindtree	₹15.0 Lakhs to ₹29.0 Lakhs per year
Accenture	₹17.0 Lakhs to ₹20.5 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.

What is the salary of a Product Engineering Specialist in companies similar to SKF in India?

The salary of a Product Engineering Specialist at companies similar to SKF in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Nitin Enterprises

₹4.2 Lakhs to ₹5.3 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 Engineering Specialist at SKF in India?

The salary growth for a Product Engineering Specialist at SKF depends on factors such as experience, performance, and promotions. On average, a Product Engineering Specialist can expect the following growth trajectory at SKF:

Experience	Average Salary Range
2 years	₹2.3 Lakhs to ₹2.9 Lakhs per year
5 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
10 years	₹2.3 Lakhs to ₹2.9 Lakhs per year
12 years	₹10.7 Lakhs to ₹13.7 Lakhs per year

and so on.

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SKF Product Engineering Specialist Salaries

SKF Product Engineering Specialist salary in India ranges between ₹2.5 Lakhs to ₹11.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SKF latest salaries received from various employees of SKF.

SKF Product Engineering Specialist salaries in India

Companies similar to SKF for Product Engineering Specialist

Latest annual salaries shared by SKF Product Engineering Specialist

Experience wise SKF Product Engineering Specialist salaries

Similar Designation salaries in SKF

Salary related reviews for SKF

Product Engineer in Bangalore / Bengaluru

Applications Engineer in Bangalore / Bengaluru

Reliability Engineer in Gurgaon / Gurugram

Diploma Trainee Engineer in Pune

Machine Operator in Mysuru / Mysore

SKF Product Engineering Specialist Salary FAQs

Tell us how to improve this page.