Bajaj Finance Area Recovery Manager Salaries by 4 Employees

12 - 17 years exp.

₹8.5 Lakhs - ₹13 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

30% more than the average Area Recovery Manager Salary in NBFC Companies for 12 - 17 years of experience

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Salaries in different departments

Finance & Accounting Area Recovery Manager Salary 12 - 15 years exp. (3 salaries)	₹11 L/yr - ₹13 L/yr
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BFSI, Investments & Trading Area Recovery Manager Salary 17 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.4 L/yr

Last Updated: 29 Feb 2024

Companies similar to Bajaj Finance for Area Recovery Manager

Company name	Avg Annual Salary	Open Jobs
Muthoot Fincorp Area Recovery Manager Salary 4 - 11 years exp. (12 salaries)	₹3.5 L/yr - ₹5 L/yr 61% less
Piramal Capital Housing Finance Area Recovery Manager Salary 12 - 19 years exp. (15 salaries)	₹6.5 L/yr - ₹13.2 L/yr 1% less
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IDFC FIRST Bank Area Recovery Manager Salary 7 - 16 years exp. (10 salaries)	₹9.5 L/yr - ₹16.5 L/yr 18% more
Bandhan Bank Area Recovery Manager Salary 10 - 19 years exp. (7 salaries)	₹6 L/yr - ₹10 L/yr 25% less
Cholamandalam Investment & Finance Area Recovery Manager Salary 5 - 11 years exp. (7 salaries)	₹5.7 L/yr - ₹9.3 L/yr 39% less

Area Recovery Manager salary at Bajaj Finance ranges between ₹8.5 Lakhs to ₹13 Lakhs per year for employees with experience between 12 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Finance.

Experience wise Bajaj Finance Area Recovery Manager salaries

Last Updated: 29 Feb 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹13 L/yr - ₹13 L/yr
13 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.4 L/yr
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14 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.3 L/yr
15+ years (AmbitionBox Estimate)	₹8.5 L/yr - ₹11 L/yr

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Deputy Manager Salary

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₹2.75 L/yr - ₹7.5 L/yr

Top skills at Bajaj Finance for Area Recovery Manager

Collections Auto Loans Recovery

Salary related reviews for Bajaj Finance

3.0

Rated by 2 employees for salary & benefits

Area Collection Manager in Chandigarh

Full Time

Finance & Accounting Department

1.0

• posted on 29 Mar 2025

3.0

for Salary and Benefits

Likes

... bosses. They only use abusive language. Forcefully ask your junior for funding. 70% salary goes in funding.

Job security - Good

Dislikes

Work culture pathetic. No personal life. Uneducated people Work there. Maximum regional manager level employee have fake degree. No Sunday

Skill development - Bad

+4 more

Collection Officer in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

2.0

• posted on 15 Jan 2025

3.0

for Salary and Benefits

Likes

Work culture is good, salary on time

Company culture - Excellent

Dislikes

Previously Bajaj Auto finance Ltd was good after merging in to finserv it got hectic, bosses are always after you, no rest on week days after merging new managers are toxic

Skill development - Bad

+3 more

Area Collection Manager in Navi Mumbai

Full Time

Finance & Accounting Department

2.0

• posted on 20 Dec 2024

2.0

for Salary and Benefits

Likes

They hire fresher but that too because experienced don't want to work there

Dislikes

Lot of things, from work culture to gundagiri of seniors. They ask to seat in the office without reason and forced to pay by employees pocket for target achievement

Salary - Poor

+6 more

Area Collection Manager in Raipur

Full Time

Finance & Accounting Department

1.0

• posted on 13 Oct 2023

3.0

for Salary and Benefits

Likes

Only salary and expenses if you join as a manager

Dislikes

All are very bad, management team is abusing to all employees, his HR not listening any thing about the management..... i think if you want to suside then join the company No work time your job start in 6am I don't know where is ending

Skill development - Bad

+5 more

Collection Officer in Kolkata

Full Time

Other Department

1.0

• posted on 22 Sep 2023

1.0

for Salary and Benefits

Likes

Worst company if you give customer emi from your salary ur good collection officer if you can't do that ur job is not done complet in Baja finance bucket x

Dislikes

If you pay customer emi from your salary and you want some person use abuse language about ur family and if you tolerate thise you can join thise company

Salary - Bad

+6 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Bajaj Finance Area Recovery Manager Salary FAQs

What is the salary of Area Recovery Manager at Bajaj Finance ?

The average salary of a Area Recovery Manager at Bajaj Finance in India typically ranges from ₹8.5 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 12 years to 17 years).

The top 10% of Area Recovery Manager at Bajaj Finance earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Area Recovery Manager Salaries at Bajaj Finance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Bajaj Finance employees in India.

What is the estimated take home salary of a Area Recovery Manager at Bajaj Finance in India?

The estimated take-home salary of a Area Recovery Manager at Bajaj Finance in India typically ranges from ₹79,051 to ₹81,107 per month. This is based on the average salary range of ₹8.5 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 12 years to 17 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Bajaj Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Recovery Manager at Bajaj Finance ?

To be a Area Recovery Manager at Bajaj Finance in india, the key skills required include:

- Collections
- Auto Loans
- Recovery

These skills are highly valued at Bajaj Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Bajaj Finance for Area Recovery Manager in India?

IDFC FIRST Bank

₹9.5 Lakhs to ₹16.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bajaj Finance, depending on the role and experience level.

What is the salary of a Area Recovery Manager in companies similar to Bajaj Finance in India?

The salary of a Area Recovery Manager at companies similar to Bajaj Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Piramal Capital Housing Finance	₹6.5 Lakhs to ₹13.2 Lakhs per year
Bandhan Bank	₹6.0 Lakhs to ₹10.0 Lakhs per year
Cholamandalam Investment & Finance	₹5.7 Lakhs to ₹9.3 Lakhs per year
Muthoot Fincorp	₹3.5 Lakhs to ₹5.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Area Recovery Manager at Bajaj Finance in India?

The salary growth for a Area Recovery Manager at Bajaj Finance depends on factors such as experience, performance, and promotions. On average, a Area Recovery Manager can expect the following growth trajectory at Bajaj Finance:

Experience	Average Salary Range
12 years	₹13.0 Lakhs to ₹13.0 Lakhs per year
13 years	₹11.3 Lakhs to ₹14.4 Lakhs per year
14 years	₹10.4 Lakhs to ₹13.3 Lakhs per year
15 years	₹8.5 Lakhs to ₹11.0 Lakhs per year

and so on.

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Bajaj Finance Area Recovery Manager Salaries

Bajaj Finance Area Recovery Manager salary in India ranges between ₹8.5 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bajaj Finance latest salaries received from various employees of Bajaj Finance.