Industrial Engineer V Salary in Indore, IN

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How much does an Industrial Engineer V make in Indore, IN? The average Industrial Engineer V salary in Indore, IN is ₹3,612,870 as of March 18, 2021, but the range typically falls between ₹2,182,174 and ₹7,128,193. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.

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Global Market Data
50TH(Median) ₹3,612,870 25TH ₹2,182,174 75TH ₹7,128,193

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Skills to Boost an Industrial Engineer V Salary

Mastering key skills can significantly increase your earning potential as an Industrial Engineer V. According to Salary.com's Real-time Job Posting Data, expertise in Analysis can lead to a 8% salary raise, while strong Material Handling skills boost pay by a 2%. Even Cost Analysis can result in a 1% salary increase.

Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Analysis
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Material Handling
Material handling involves short-distance movement within the confines of a building or between a building and a transportation vehicle. It uses a wide range of manual, semi-automated, and automated equipment and includes consideration of the protection, storage, and control of materials throughout their manufacturing, warehousing, distribution, consumption, and disposal. Material handling can be used to create time and place utility through the handling, storage, and control of material, as distinct from manufacturing, which creates form utility by changing the shape, form, and makeup of material.
Cost Analysis
Examining and comparing the estimated costs and potential earnings from a situation or project to evaluate the potential revenue of the organization.
More Skills...
Based on recent job listings, in-demand skills in the Industrial Engineer V field include Analysis (8%), Material Handling (2%), Cost Analysis (1%), and Business Administration (1%). These skills reflect current market needs.
Skills Salary Demand
Skill & Salary Demand
Analysis ₹3,901,900
Analysis
₹3,901,900
8%
Material Handling ₹3,685,128
Material Handling
₹3,685,128
2%
Cost Analysis ₹3,648,999
Cost Analysis
₹3,648,999
1%
Business Administration ₹3,648,999
Business Administration
₹3,648,999
1%
Analysis
6.83%
Material Handling
3.89%
Cost Analysis
9.64%
Business Administration
5.73%
Job Openings for Industrial Engineer V in Indore, India
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About Indore, India

Indore /ɪnˈdɔːr/ (listen) is the most populous and the largest city in the Indian state of Madhya Pradesh. It serves as the headquarters of both Indore District and Indore Division. It is also considered as an education hub of the state and has campuses of both the Indian Institute of Technology and the Indian Institute of Management. Located on the southern edge of Malwa Plateau, at an average altitude of 553 meters (1,814 ft) above sea level, it has the highest elevation among major cities of Central India. The city is 190 km (120 mi) west of the state capital of Bhopal. Indore had a census-...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia

Industrial Engineer V Pay Difference by Cities

City, Country Compared to national average
City, Country Mumbai, IN Compared to national average
+ 8.4%
City, Country Jaipur, IN Compared to national average
-9.2%
City, Country Kanpur, IN Compared to national average
-6.6%
City, Country Lucknow, IN Compared to national average
-12.4%
City, Country Nagpur, IN Compared to national average
-16.3%
City, Country Indore, IN Compared to national average
-14.5%
Employees with Industrial Engineer V in their job title in Mumbai, IN earn an average of 8.4% more than the national average. The lower salaries can be found in Nagpur, IN (16.3% less), Indore, IN (14.5% less), Lucknow, IN (12.4% less), Jaipur, IN (9.2% less), Kanpur, IN (6.6% less).

Understand the base salary paid range for an Industrial Engineer V in Indore, IN

Average Base Salary

Core compensation

2182174
7128193
3612870
The chart shows the base salary for Industrial Engineer V in Indore ranges from ₹2,182,174 to ₹7,128,193 with the average base salary of ₹3,612,870. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Industrial Engineer V may get paid difference by industry, location, and factors.

Industrial Engineer V Frequently Asked Questions

Can I expect to receive a higher salary for the position of Industrial Engineer V in Mumbai than for the same job in Nagpur in the India?

On average, an Industrial Engineer V, working in Mumbai, India, would generally get a higher salary than those working in the city of Nagpur. The larger cities in the IN typically provide numerous opportunities for Industrial Engineer V Jobs. Since Indore, India is an attractive place to work for many professions, Industrial Engineer V Jobs could be competitive. Candidates need to consider personal preferences when deciding on a work location and weigh all factors including employment viability, cost of living, workforce competition, and quality of life in a particular location. March 18, 2021 salary.com )
What is the salary range for an Industrial Engineer V in Indore, India? What is the average hourly rate?

The average salary for an Industrial Engineer V in Indore, India is ₹3,612,870 per year. The salary range for an Industrial Engineer V is between ₹2,182,174 and ₹7,128,193. While we are seeing hourly wages as high as ₹3,427 and as low as ₹1,049, the majority of Industrial Engineer Vs are currently paid an average of ₹1,737 in Indore, India. The average salary pay range for an Industrial Engineer V can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for an Industrial Engineer V in Indore, India can differ based on any or all of these varying factors. March 18, 2021 salary.com )
Besides the base pay, what other benefits might be negotiable when considering an Industrial Engineer V job? What common items are generally included in a total compensation package?

A total compensation package consists of base pay or salary and all other types of pay and benefits that an Industrial Engineer V working in Indore, India will receive in exchange for their job. Some common items included in the total compensation of an Industrial Engineer V working in the Indore, India are bonuses, medical/dental/vision benefits coverage, paid leaves, life insurance, and pension plan company match. Some companies in the Indore, India might also offer long-term incentives such as stock options or stock grants for Industrial Engineer Vs. Other popular benefits are gym memberships, free parking, monthly car expenses, free food, and company discounts. Evaluate all offered benefits to determine if they are of value to you. Consider items that you value and see if you can negotiate favorable terms for them. For example, request an extra week of vacation, reimbursement for training, flexible work hours, or subsidized parking. These perks have a value that should be included when you evaluate the entire compensation package offered to you. March 18, 2021 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap
Last Update: March 18, 2021