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Indian Oil Corporation Salaries in India

based on 7.8k latest salaries
Explore Salaries by Departments
Production, Manufacturing & Engineering Finance & Accounting Construction & Site Engineering Research & Development + 6 more
Designation Avg Annual Salary Open Jobs
0 - 7 years exp. (121 salaries)
3.5 Lakhs

(₹2.4 L/yr - ₹4.3 L/yr)

0 - 9 years exp. (114 salaries)
2.3 Lakhs

(₹0.5 L/yr - ₹4.8 L/yr)

0 - 6 years exp. (99 salaries)
2.2 Lakhs

(₹1 L/yr - ₹4.3 L/yr)

1 - 7 years exp. (82 salaries)
3.3 Lakhs

(₹1.2 L/yr - ₹6.8 L/yr)

Starting your career? Discover Indian Oil Corporation fresher salaries in India
1 - 8 years exp. (80 salaries)
3.6 Lakhs

(₹1.9 L/yr - ₹6 L/yr)

0 - 3 years exp. (66 salaries)
2 Lakhs

(₹1 L/yr - ₹5 L/yr)

1 - 11 years exp. (65 salaries)
6.9 Lakhs

(₹2 L/yr - ₹12 L/yr)

0 - 6 years exp. (61 salaries)
2 Lakhs

(₹0.7 L/yr - ₹4 L/yr)

0 - 5 years exp. (60 salaries)
15.9 Lakhs

(₹6.7 L/yr - ₹24 L/yr)

1 - 10 years exp. (53 salaries)
3.2 Lakhs

(₹1.2 L/yr - ₹7 L/yr)

Fresher (50 salaries)
16 Lakhs

(₹12 L/yr - ₹20 L/yr)

1 - 12 years exp. (47 salaries)
8.4 Lakhs

(₹5 L/yr - ₹12.3 L/yr)

0 - 9 years exp. (39 salaries)
3.8 Lakhs

(₹1.3 L/yr - ₹8.1 L/yr)

0 - 6 years exp. (39 salaries)
2.6 Lakhs

(₹2 L/yr - ₹3 L/yr)

0 - 5 years exp. (38 salaries)
2.9 Lakhs

(₹1.1 L/yr - ₹4.1 L/yr)

0 - 3 years exp. (36 salaries)
2.6 Lakhs

(₹1.4 L/yr - ₹4 L/yr)

0 - 4 years exp. (36 salaries)
18.5 Lakhs

(₹10 L/yr - ₹25 L/yr)

8 - 15 years exp. (36 salaries)
25.6 Lakhs

(₹13.8 L/yr - ₹40 L/yr)

0 - 3 years exp. (36 salaries)
2.1 Lakhs

(₹1 L/yr - ₹6 L/yr)

0 - 6 years exp. (36 salaries)
3.3 Lakhs

(₹2 L/yr - ₹5.6 L/yr)

Last Updated: 2 Nov, 2024

Salary related reviews for Indian Oil Corporation

4.1 Rated by 2.9k employees for salary and benefits

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
posted on 20 Aug 2024

4.0 for Salary and Benefits

Likes

Good salary for freshers Great allowances for furniture, mobile and laptops Superb Medical benefits Job security is best in the industry Diverse working exposure in refineries Townships for employees

read more

Dislikes

Remote/ Hardship working locations for refineries Poor work life balance for refineries Hard collar job Career growth is subject to satisfaction of bosses Heavy work loads in few large refineries

read more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
posted on 20 Oct 2023

4.0 for Salary and Benefits

Likes

How satisfied are employees working at Indian Oil? 78% of Indian Oil employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Indian Oil 3.6 out of 5 for work life balance, 3.8 for culture and values and 3.7 for career

read more

Dislikes

...ow talented and hard-working you are, promotions happen in fixed time intervals. Growth of compensation is limited to 3% annually (with an additional 3% in the year you get promoted).

read more

Full Time

 · 

Finance & Accounting Department

3.0
posted on 10 Sep 2023

4.0 for Salary and Benefits

Likes

...ork culture is not much stressed and employees can have a very comfortable life. The pay offered here is good and decent.

read more

Dislikes

The pay discrimination. Since its a PSU, one of the biggest disadvantages is that you are not paid according to your Qualification and contribution rather it is much based on how long have you been in the company. The organization has been filled with enough examples where an IITian, CAs, MBA professionals who are much important to organization because of their skills are being paid less than an old age employees who might be just doing basic work like passing of medical invoices, being PAs to senior management, employee reimbursement review etc. They work does not contribute either to the growth or profitability of the organization however there CTC 3-4 times higher than that of Qualified personnel working in the same company. Further, very limited personnel from the top management are actually concerned about the health of the organization but mostly are just there to complete their tenure which makes the organization extremely slow and difficult for young professionals to work with full efficiency.

read more

Full Time

 · 

Finance & Accounting Department

5.0
posted on 25 Jul 2023

5.0 for Salary and Benefits

Likes

...osphere may be different. But overall its a very good organisation to work with.job security, salary and benefits.

read more

Dislikes

Transfer policy is an issue. But it can be worked around if you take 2 to 3 transfer in 30 years.

Full Time

 · 

Marketing & Communication Department

4.0
posted on 09 Sep 2023

4.0 for Salary and Benefits

Likes

Job Security and decent salary. Extensive job profiles within the company to suit for everyone's needs. Some profiles are exhausting while some are chill.

read more

Dislikes

Work life balance is pathetic in sales and marketing division.

see more salary related reviews

Indian Oil Corporation Salary FAQs

How much does Indian Oil Corporation pay per year?
The average Indian Oil Corporation salary ranges from approximately ₹1.0 Lakhs per year for a Office Boy to ₹78.3 Lakhs per year for a Executive Director. Salary estimates are based on 7.8k Indian Oil Corporation salaries received from various employees of Indian Oil Corporation. Indian Oil Corporation employees rate the overall salary and benefits package 4.1/5 stars.
What is the highest salary in Indian Oil Corporation?
The highest-paying job at Indian Oil Corporation is a Executive Director with a salary of ₹78.3 Lakhs per year. The top 10% of employees earn more than ₹25 lakhs per year. The top 1% earn more than a whopping ₹60 lakhs per year.
What is the minimum salary in Indian Oil Corporation?
Minimum salary at Indian Oil Corporation depends on the role you are applying for. For Technician Apprentice the minimum salary is ₹1.7 Lakhs per year, for Apprentice Trainee the minimum salary is ₹1.7 Lakhs per year and so on.
What is the salary package for freshers in Indian Oil Corporation?
The average salary at Indian Oil Corporation for freshers varies from ₹1.3 Lakhs per year for Apprenticeship Trainee to ₹19.2 Lakhs per year for Senior Medical Officer.
What is the notice period at Indian Oil Corporation?
According to AmbitionBox, 46% of the Indian Oil Corporation employees reported a notice period of 15 days or less, 36% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 5.5k responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Average annual salary in Indian Oil Corporation is INR 10.0 lakhs . Salary estimates are based on 7.8k Indian Oil Corporation latest salaries received from various employees of Indian Oil Corporation.

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