Steel Exchange Visakhapatnam Assistant Engineer Salaries by 5 Employees

2 - 7 years exp.

₹2.7 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

14% less than the average Assistant Engineer Salary in Iron & Steel Companies for 2 - 7 years of experience

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Last Updated: 16 May 2024

Companies similar to Steel Exchange for Assistant Engineer in Visakhapatnam

Steel Exchange Assistant Engineer Salary

2 - 7 years exp. (5 salaries)

₹2.7 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
Sanvira Industries Assistant Engineer Salary 2 - 8 years exp. (28 salaries)	₹2.1 L/yr - ₹4.5 L/yr 8% less
Lotus Wireless Technologies Assistant Engineer Salary 1 - 6 years exp. (21 salaries)	₹2 L/yr - ₹4.2 L/yr 19% less
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Rain Cii Carbon Vizag Assistant Engineer Salary 2 - 12 years exp. (19 salaries)	₹2.4 L/yr - ₹6.2 L/yr 24% more
LG Polymers Assistant Engineer Salary 4 - 11 years exp. (15 salaries)	₹4 L/yr - ₹6 L/yr 36% more
Polmon Instruments Assistant Engineer Salary 2 - 7 years exp. (12 salaries)	₹1.9 L/yr - ₹4 L/yr 4% less

Assistant Engineer salary at Steel Exchange ranges between ₹2.7 Lakhs to ₹4 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Steel Exchange.

Experience wise Steel Exchange Assistant Engineer salaries in Visakhapatnam

Last Updated: 16 May 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
7 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr

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Similar Designation salaries in Steel Exchange

Electrical Engineer Salary

(6 salaries)

₹2.35 L/yr - ₹6.8 L/yr

Deputy Manager Salary

(4 salaries)

₹7.9 L/yr - ₹15 L/yr

Shift Incharge Salary

(4 salaries)

₹3.9 L/yr - ₹6 L/yr

Mechanical Engineer Salary

(4 salaries)

₹3 L/yr - ₹3.6 L/yr

Junior Engineer Salary

(4 salaries)

₹2.8 L/yr - ₹3.6 L/yr

Salary related reviews for Steel Exchange

Academic Coordinator in Thane

Full Time

Administration & Facilities Department

3.0

• posted on 10 Mar 2023

2.0

for Salary and Benefits

Likes

The only thing I like about here is the office environment at our branch

Dislikes

1. The reporting manager 2. Office policies 3. You cannot have a personal life 4. Salary is way less 5. No job satisfaction

Salary - Poor

+5 more

Senior Engineer in Nellore

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 30 Dec 2023

4.0

for Salary and Benefits

Likes

Top level management will ready to give what are support required for employees benefits

Salary - Good

+5 more

Dislikes

Middle management and individual department hods are not upto the mark and more politics while appraisal like in any Indian company

Senior Manager in Vizianagaram

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 04 Jun 2023

1.0

for Salary and Benefits

Likes

Nothing yessss Nothing but workmen are very supportive.

Dislikes

Terrible work culture 😪, poor planning,poor management, no job security 😢, egoistic senior management personnels, worst maintenance practices, worst procurement system

Salary - Bad

+6 more

General Manager Operations in Visakhapatnam

Customer Success, Service & Operations Department

4.0

• posted on 24 Dec 2019

4.0

for Salary and Benefits

Likes

well organized, coordinated team with supporting culture. Active part in building the plant during expansions. Excellent growth during the period 2005 to 2013 and stalled now due to liquid crisis and slowdown of steel and power business.

Salary - Good

+5 more

Dislikes

slowdown of power and steel business leading to company growth stalled

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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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Steel Exchange Assistant Engineer Salary FAQs

What is the salary of Assistant Engineer at Steel Exchange in Visakhapatnam?

The average salary of a Assistant Engineer at Steel Exchange in Visakhapatnam typically ranges from ₹2.7 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Assistant Engineer in Visakhapatnam at Steel Exchange earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Assistant Engineer Salaries at Steel Exchange 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 Steel Exchange employees in India.

What is the estimated take home salary of a Assistant Engineer at Steel Exchange in Visakhapatnam?

The estimated take-home salary of a Assistant Engineer at Steel Exchange in Visakhapatnam typically ranges from ₹25,352 to ₹26,785 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 2 years 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 Steel Exchange. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Steel Exchange for Assistant Engineer in India?

LG Polymers	₹4.0 Lakhs to ₹6.0 Lakhs per year
Rain Cii Carbon Vizag	₹2.4 Lakhs to ₹6.2 Lakhs per year

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

What is the salary of a Assistant Engineer in companies similar to Steel Exchange in Visakhapatnam?

The salary of a Assistant Engineer at companies similar to Steel Exchange in Visakhapatnam varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Polmon Instruments	₹1.9 Lakhs to ₹4.0 Lakhs per year
Sanvira Industries	₹2.1 Lakhs to ₹4.5 Lakhs per year
Lotus Wireless Technologies	₹2.0 Lakhs to ₹4.2 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 Assistant Engineer at Steel Exchange in Visakhapatnam?

The salary growth for a Assistant Engineer at Steel Exchange in Visakhapatnam depends on factors such as experience, performance, and promotions. On average, a Assistant Engineer in Visakhapatnam can expect the following growth trajectory at Steel Exchange:

Experience	Average Salary Range
2 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
3 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
4 years	₹3.2 Lakhs to ₹4.1 Lakhs per year
5 years	₹3.1 Lakhs to ₹4.0 Lakhs per year

and so on.

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Steel Exchange Assistant Engineer Salaries in Visakhapatnam

Steel Exchange Assistant Engineer salary in Visakhapatnam ranges between ₹2.7 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Steel Exchange latest salaries received from various employees of Steel Exchange.