Tata Steel Manager M1 Salaries by 4 Employees

14 - 18 years exp.

₹15 Lakhs - ₹24.5 Lakhs

Low Confidence

Salary of majority employees

Fixed (82%)

₹16.2 Lakhs

Variable (18%)

₹3.6 Lakhs

71% more than the average Manager M1 Salary in Iron & Steel Companies for 14 - 18 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Manager M1 Salary 16 - 18 years exp. (3 salaries)	₹20 L/yr - ₹24.5 L/yr
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Project & Program Management Manager M1 Salary 14 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr

Last Updated: 8 Nov 2024

Companies similar to Tata Steel for Manager M1

Company name	Avg Annual Salary	Open Jobs
JSW Steel Manager M1 Salary 12 - 15 years exp. (7 salaries)	₹13 L/yr - ₹18 L/yr 23% less
ArcelorMittal Nippon Steel Manager M1 Salary 5 - 14 years exp. (4 salaries)	₹9 L/yr - ₹13 L/yr 44% less
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ICICI Bank Manager M1 Salary 1 - 17 years exp. (2k salaries)	₹4.5 L/yr - ₹16 L/yr 48% less
Vodafone Idea Manager M1 Salary 1 - 12 years exp. (392 salaries)	₹3.6 L/yr - ₹12.7 L/yr 59% less
Axis Bank Manager M1 Salary 5 - 13 years exp. (162 salaries)	₹4.4 L/yr - ₹10.6 L/yr 61% less

Manager M1 salary at Tata Steel ranges between ₹15 Lakhs to ₹24.5 Lakhs per year for employees with experience between 14 years to 18 years. Salary estimates are based on 4 latest salaries received from various employees of Tata Steel.

Experience wise Tata Steel Manager M1 salaries

Last Updated: 8 Nov 2024

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹13.6 L/yr - ₹17.3 L/yr
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15+ years (3 salaries)	₹20 L/yr - ₹24.5 L/yr

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Salary related reviews for Tata Steel

Department Manager in Jamshedpur

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 01 Feb 2025

1.0

for Salary and Benefits

Likes

After the demise of Ratan Tata, Tata Steel is no longer a place to work anymore. The Stupid HR policy, Forced Retirements, reduced number of leaves are the new normal. The only good part was the OPD medical facility which be discontinued from April onwards as well.

Dislikes

No increment No promotion No salary revision Zero employee development Talent bank policy

Salary - Bad

+5 more

Relationship Manager in Jamshedpur

Full Time

Procurement & Supply Chain Department

2.0

• posted on 18 Jan 2024

1.0

for Salary and Benefits

Likes

Very high Job security almost equivalent to government jobs. Good work life balance.

Job security - Excellent

Dislikes

Extremely slow growth exactly like government jobs. Minimal increament and low average package for an MBA graduate from top tier B school. This is not a company one should join after completing MBA. The work culture is not suitable for MBA grads and average age in almost every team is 45+ In my opinion, my reporting manager was a head of department who was micromanaging and had come from a marketing background directly into procurement without any knowledge of procurement. Weird way of promoting people in cross functions.

Salary - Bad

+3 more

Department Manager in Jamshedpur

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 02 Feb 2023

2.0

for Salary and Benefits

Likes

Lateral are getting higher salary with less experience, While trainees are getting so less salary. I started at 7900 basic salaries and now after 6 years, I get 15000 basic pay. Not a good hike in salary.

Work satisfaction - Good

+2 more

Dislikes

Salary structure is very bad , you will feel like , when will our salary rise, only gives raise on basic salary not on CTC.

Salary - Poor

+1 more

Deputy Manager in Jamshedpur

Full Time

Production, Manufacturing & Engineering Department

2.0

• posted on 18 May 2023

1.0

for Salary and Benefits

Likes

Job security is good, if you don't work hard then you don't get good ratings but job is secure.

Job security - Good

Dislikes

- very low pay scale - very low bonus - company doesn't follow any time line of increment of salary or bonus. - very slow HR department - management doesn't respect extra effort of employees

Salary - Bad

+4 more

Deputy Manager in Jamshedpur

Full Time

Procurement & Supply Chain Department

2.0

• posted on 22 Sep 2022

1.0

for Salary and Benefits

Likes

Location is good. Tata brand.

Dislikes

There is a whole list. Heavy corporate politics, nepotism at its peak, benefits are just an illusion, management is highly unprofessional, compensation is industry lowest, CTC is flawed, employees' overall development is zero, and many many more. If you want to regret one thing in your life - just join here.

Salary - Bad

+6 more

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Tata Steel Manager M1 Salary FAQs

What is the salary of Manager M1 at Tata Steel ?

The average salary of a Manager M1 at Tata Steel in India typically ranges from ₹15.0 Lakhs to ₹24.5 Lakhs per year, depending on experience (from 14 years to 18 years).

The top 10% of Manager M1 at Tata Steel earn more than ₹24.5 Lakhs per year, and the top 1% earn over ₹24.5 Lakhs per year. Manager M1 Salaries at Tata Steel 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 Tata Steel employees in India.

What is the estimated take home salary of a Manager M1 at Tata Steel in India?

The estimated take-home salary of a Manager M1 at Tata Steel in India typically ranges from ₹1,30,610 to ₹1,35,279 per month. This is based on the average salary range of ₹15.0 Lakhs to ₹24.5 Lakhs per year for employees with experience ranging from 14 years to 18 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 Tata Steel. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Manager M1 in companies similar to Tata Steel in India?

The salary of a Manager M1 at companies similar to Tata Steel in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

JSW Steel	₹13.0 Lakhs to ₹18.0 Lakhs per year
ArcelorMittal Nippon Steel	₹9.0 Lakhs to ₹13.0 Lakhs per year
ICICI Bank	₹4.5 Lakhs to ₹16.0 Lakhs per year
Vodafone Idea	₹3.6 Lakhs to ₹12.7 Lakhs per year
Axis Bank	₹4.4 Lakhs to ₹10.6 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 Manager M1 at Tata Steel in India?

The salary growth for a Manager M1 at Tata Steel depends on factors such as experience, performance, and promotions. On average, a Manager M1 can expect the following growth trajectory at Tata Steel:

Experience	Average Salary Range
14 years	₹13.6 Lakhs to ₹17.3 Lakhs per year
15 years	₹20.0 Lakhs to ₹24.5 Lakhs per year

and so on.

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Tata Steel Manager M1 Salaries

Tata Steel Manager M1 salary in India ranges between ₹15 Lakhs to ₹24.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Tata Steel latest salaries received from various employees of Tata Steel.