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Mechanical Engineer V Salary in Pune, IN

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How much does a Mechanical Engineer V make in Pune, IN? The average Mechanical Engineer V salary in Pune, IN is ₹3,397,858 as of March 18, 2021, but the range typically falls between ₹2,400,587 and ₹4,230,334. 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) ₹3,397,858 25TH ₹2,400,587 75TH ₹4,230,334

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Skills to Boost a Mechanical Engineer V Salary

Mastering key skills can significantly increase your earning potential as a Mechanical Engineer V. According to Salary.com's Real-time Job Posting Data, expertise in Analysis can lead to a 11% salary raise, while strong Design Engineering skills boost pay by a 2%. Even Procurement can result in a 2% 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.
Design Engineering
Creating a system, component, or process to develop new products and systems.
Procurement
Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.
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Based on recent job listings, in-demand skills in the Mechanical Engineer V field include Analysis (11%), Design Engineering (2%), Procurement (2%), System Design (1%), and Programming (1%). These skills reflect current market needs.
Skills Salary Demand
Skill & Salary Demand
Analysis ₹3,771,623
Analysis
₹3,771,623
11%
Design Engineering ₹3,465,815
Design Engineering
₹3,465,815
2%
Procurement ₹3,465,815
Procurement
₹3,465,815
2%
System Design ₹3,431,837
System Design
₹3,431,837
1%
Programming ₹3,431,837
Programming
₹3,431,837
1%
Analysis
6.83%
Design Engineering
3.34%
Procurement
0.05%
System Design
18.74%
Programming
1.55%
Job Openings for Mechanical Engineer V in Pune, India
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About Pune, India

Pune is situated at approximately 18° 32" north latitude and 73° 51" east longitude. The city's total area is 15.642 sq. km. By road Pune is 1,173 km (729 mi) south of Delhi, 734 km (456 mi) north of Bangalore, 570 km (350 mi) north-west of Hyderabad and 149 km (93 mi) south-east of Mumbai. Pune lies on the western margin of the Deccan plateau, at an altitude of 560 m (1,840 ft) above sea level. It is on the leeward side of the Sahyadri mountain range, which forms a barrier from the Arabian Sea. It is a hilly city, with Vetal Hill rising to 800 m (2,600 ft) above sea level. The Sinhagad fort ...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia

Mechanical 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 Mechanical 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 a Mechanical Engineer V in Pune, IN

Average Base Salary

Core compensation

2400587
4230334
3397858
The chart shows the base salary for Mechanical Engineer V in Pune ranges from ₹2,400,587 to ₹4,230,334 with the average base salary of ₹3,397,858. 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 Mechanical Engineer V may get paid difference by industry, location, and factors.

Mechanical Engineer V Frequently Asked Questions

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

On average, a Mechanical 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 Mechanical Engineer V Jobs. Since Pune, India is an attractive place to work for many professions, Mechanical 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 a Mechanical Engineer V in Pune, India? What is the average hourly rate?

The average salary for a Mechanical Engineer V in Pune, India is ₹3,397,858 per year. The salary range for a Mechanical Engineer V is between ₹2,400,587 and ₹4,230,334. While we are seeing hourly wages as high as ₹2,034 and as low as ₹1,154, the majority of Mechanical Engineer Vs are currently paid an average of ₹1,634 in Pune, India. The average salary pay range for a Mechanical 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 a Mechanical Engineer V in Pune, 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 a Mechanical 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 a Mechanical Engineer V working in Pune, India will receive in exchange for their job. Some common items included in the total compensation of a Mechanical Engineer V working in the Pune, India are bonuses, medical/dental/vision benefits coverage, paid leaves, life insurance, and pension plan company match. Some companies in the Pune, India might also offer long-term incentives such as stock options or stock grants for Mechanical 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