Volvo Salaries by 4800+ Employees (Updated 2025)

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Engineering - Software & QA Finance & Accounting Research & Development Procurement & Supply Chain + 6 more

Designation	Avg Annual Salary	Open Jobs
Process Leader 6 - 12 years exp. (138 salaries)	₹4.7 L/yr - ₹9.3 L/yr
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Software Engineer 1 - 8 years exp. (129 salaries)	₹7.2 L/yr - ₹24 L/yr
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Senior Software Engineer 6 - 14 years exp. (114 salaries)	₹10.8 L/yr - ₹34.5 L/yr
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Senior Accountant 4 - 9 years exp. (84 salaries)	₹3.7 L/yr - ₹8.5 L/yr
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Accountant 1 - 5 years exp. (79 salaries)	₹3 L/yr - ₹5.3 L/yr
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Purchase Analyst 1 - 5 years exp. (69 salaries)	₹3.5 L/yr - ₹6.5 L/yr
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Deputy Manager 6 - 15 years exp. (67 salaries)	₹7.7 L/yr - ₹16.7 L/yr
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Design Engineer 3 - 7 years exp. (66 salaries)	₹4.5 L/yr - ₹15 L/yr
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Associate Engineer 0 - 4 years exp. (59 salaries)	₹7 L/yr - ₹9 L/yr
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Senior Engineer 5 - 12 years exp. (55 salaries)	₹7.6 L/yr - ₹31 L/yr
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Purchase Associate 0 - 2 years exp. (45 salaries)	₹3.5 L/yr - ₹5.2 L/yr
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Senior Design Engineer 4 - 12 years exp. (42 salaries)	₹6 L/yr - ₹20 L/yr
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Team Lead 5 - 13 years exp. (34 salaries)	₹5 L/yr - ₹13 L/yr
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Service Engineer 1 - 13 years exp. (33 salaries)	₹1.6 L/yr - ₹6 L/yr
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Data Engineer 0 - 9 years exp. (32 salaries)	₹6 L/yr - ₹20 L/yr
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Lead Engineer 8 - 16 years exp. (31 salaries)	₹13.3 L/yr - ₹34.4 L/yr
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Junior Accountant 0 - 3 years exp. (28 salaries)	₹2.6 L/yr - ₹3.9 L/yr
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Senior Accounts Executive 2 - 9 years exp. (26 salaries)	₹3 L/yr - ₹5.6 L/yr
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Data Scientist 4 - 9 years exp. (25 salaries)	₹12.2 L/yr - ₹35 L/yr
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Technical Lead 6 - 17 years exp. (25 salaries)	₹8.5 L/yr - ₹32 L/yr
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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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Salary related reviews for Volvo

3.7

Rated by 694 employees for salary & benefits

Software Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

2.0

• posted on 19 Nov 2024

2.0

for Salary and Benefits

Likes

Less work pressure No much work

Work-life balance - Excellent

Dislikes

Salary Fire the employees if they don't have assignment as they don't have bench concept. No respect for knowledge People who are in management aren't here for decades without upgradation so they feel threat if they find any knowledgeable person next to their position. Internal politics

Salary - Poor

+5 more

Quality Checker in Bangalore / Bengaluru

Full Time

Quality Assurance Department

4.0

• posted on 04 Jul 2024

3.0

for Salary and Benefits

Likes

It's a good company offering a stable job and provide food and travel also and the work experience is also good and the good thing is two week offs.

Work satisfaction - Good

+1 more

Dislikes

Contractual job is not a future and salary is just ok

Skill development - Poor

+2 more

Senior Manager in Bangalore / Bengaluru

Full Time

Product Management Department

5.0

• posted on 27 Oct 2023

1.0

for Salary and Benefits

Likes

Likeable things are few but quite attractive. Managers are a must to die for. (I felt like killing myself every day) They listen to everything in detail but there is no assurance that would be done till you work there.

Job security - Excellent

+1 more

Dislikes

Like everyone salary and bonus are not correctly mapped. Senior engineers are getting less paid than some junior engineers. I have no complaint as I'm considered as one of the junior engineers. They will raise your salary as soon as you get another job outside.

Salary - Bad

+2 more

Senior Manager in Bangalore / Bengaluru

Full Time

Procurement & Supply Chain Department

4.0

• posted on 08 May 2021

3.0

for Salary and Benefits

Likes

...can learn a lot and develop our skills and knowledge. Work life balance is good. Salary hike is also good. Global manager support a lot with carrier growth and opportunities.

Skill development - Good

+1 more

Dislikes

There is a lot of politics and favoritism. Management style in India is very bad. Traditional way of doing and old school though process and old mind set. No young leaders in management. Lack of vision and future by Volvo India. Deny opportunity for young leaders to grow in the company

AGM (Group Manager) - Chassis in Bangalore / Bengaluru

Full Time

Research & Development Department

5.0

• posted on 17 Dec 2024

4.0

for Salary and Benefits

Likes

It's employee centric and trust based organization with well work life balance, transparent, inclusive and very good work culture

Salary - Good

+6 more

Dislikes

It's a global organisation but some policies are regional or country specific. Insurance policies and pay package is comparatively low per

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Volvo interview questions by designations

Associate Engineer (4)Senior Software Engineer (3)Intern (2)Design Engineer (2)

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Volvo Salary FAQs

How much does Volvo pay per year?

The average Volvo salary ranges from approximately ₹1 Lakh to ₹3.2 Lakhs per year for a ITI Fitter and ₹55 Lakhs to ₹60 Lakhs per year for a Digital Product Manager. Salary estimates are based on 4.8k Volvo salaries received from various employees of Volvo. Volvo employees rate the overall salary and benefits package 3.7/5 stars.

What is the highest salary in Volvo?

The highest-paying job at Volvo is a Digital Product Manager with a salary of ₹55 Lakhs to ₹60 Lakhs per year. The top 10% of employees earn more than ₹28.66 lakhs per year. The top 1% earn more than a whopping ₹60 lakhs per year.

What is the minimum salary in Volvo?

Minimum salary at Volvo depends on the role you are applying for. For Accountant the minimum salary is ₹3 Lakhs to ₹5.3 Lakhs per year, and for Senior Executive the minimum salary is ₹3 Lakhs to ₹6.8 Lakhs per year and so on.

What is the salary package for freshers in Volvo?

The average salary at Volvo for freshers varies from ₹2.8 Lakhs to ₹3.4 Lakhs per year for Junior Accountant and ₹6.5 Lakhs to ₹10 Lakhs per year for Post Graduate Engineer Trainee [pget].

What is the notice period at Volvo?

According to AmbitionBox, 57% of the Volvo employees reported a notice period of 2 Months, 17% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 2.4k responses on AmbitionBox in last 2 years.