The beginning compensation for those in the merchant navy can be somewhere in the range of Rs15 000 to 8 lakhs for each month.

Highest paying merchant navy companies. Lets talk about the ranks and salaries of Officer in Merchant Navy of Navigational department and we will go from bottom to the top most in the hierarchy. Gargi College New Delhi St. Stephens College Delhi Ramnarain Ruia College Mumbai.

The chance to travel around the globe and the adventure lure on the high seas attract many young people to make a career in the Merchant Navy. Hence their salary is at par with that of a captain. Having headquarter in Mumbai founded in 1973.

A 4th engineer may get a salary in between 2300-3600 as per the above mentioned factors. While ZipRecruiter is seeing annual salaries as high as 146000 and as low as 19500 the majority of Merchant Navy salaries currently range between 35000 25th percentile to 71500 75th percentile with top earners 90th percentile making 107500 annually across the United States. On merchant vessels seafarers of various ranks and sometimes members of maritime trade unions are required by the International Convention on Standards of Training Certification and Watchkeeping for Seafarers STCW to carry Merchant Mariners Documents.

The Merchant Navy is the maritime register of the United Kingdom and comprises the seagoing commercial interests of UK-registered ships and their crews. The starting pay in the merchant navy is highly attractive hence it is a good option for those who want a good starting pay and an adventurous life. A company that owns its own ships tends to pay more than a Ship Management company.

3rd Engineer can get in between 3800-4600. Salary in Merchant navy. King George V bestowed the title of Merchant Navy on the British merchant shipping fleets following their service in the First World War.

What are the top colleges offering Merchant Navy courses. Electrical Engineer or ETO is also there in some ships and can get salary package between 4000-5000 per. Bharati Shipyard is the fourth largest merchant navy company.