Bajaj Finance Manager M1 Salaries by 7 Employees (Updated 2024)

1 - 10 years exp.

₹2.5 Lakhs - ₹5.6 Lakhs

Low Confidence

Salary of majority employees

63% less than the average Manager M1 Salary in NBFC Companies for 1 - 10 years of experience

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Salaries in different departments

Finance & Accounting Manager M1 Salary 1 - 2 years exp. (3 salaries)	₹2.5 L/yr - ₹5.6 L/yr
Sales & Business Development Manager M1 Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr
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Aviation & Aerospace Manager M1 Salary 2 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr

Last Updated: 20 Oct 2024

Companies similar to Bajaj Finance for Manager M1

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager M1 Salary 5 - 14 years exp. (153 salaries)	₹5 L/yr - ₹12.1 L/yr 88% more
ICICI Bank Manager M1 Salary 1 - 17 years exp. (1.9k salaries)	₹4.5 L/yr - ₹17 L/yr 140% more
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Axis Bank Manager M1 Salary 5 - 14 years exp. (155 salaries)	₹4.2 L/yr - ₹10.6 L/yr 79% more
Kotak Mahindra Bank Manager M1 Salary 1 - 12 years exp. (44 salaries)	₹3 L/yr - ₹10 L/yr 32% more
Tata Capital Manager M1 Salary 3 - 5 years exp. (3 salaries)	₹4.6 L/yr - ₹6 L/yr 25% more
Mahindra Finance Manager M1 Salary 13 - 17 years exp. (4 salaries)	₹10 L/yr - ₹14.8 L/yr 204% more
SMFG India Credit Manager M1 Salary 2 - 16 years exp. (21 salaries)	₹6.5 L/yr - ₹15 L/yr 134% more
Kotak Mahindra Prime Manager M1 Salary 3 - 14 years exp. (6 salaries)	₹3.5 L/yr - ₹4.3 L/yr 12% less
Muthoot Finance Manager M1 Salary 6 - 12 years exp. (6 salaries)	₹3.9 L/yr - ₹8.5 L/yr 34% more
Muthoot Fincorp Manager M1 Salary 9 - 11 years exp. (5 salaries)	₹4.5 L/yr - ₹7 L/yr 27% more
IIFL SAMASTA Manager M1 Salary 6 - 8 years exp. (4 salaries)	₹5.8 L/yr - ₹8.7 L/yr 68% more
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TVS Credit Manager M1 Salary 0 - 12 years exp. (4 salaries)	₹7.6 L/yr - ₹8 L/yr 82% more
Bharat Financial Inclusion Manager M1 Salary 5 - 15 years exp. (3 salaries)	₹4 L/yr - ₹10 L/yr 69% more
Muthoot Microfin Manager M1 Salary 7 - 15 years exp. (3 salaries)	₹4.1 L/yr - ₹5.5 L/yr 12% more
Axis Finance Manager M1 Salary 9 - 15 years exp. (3 salaries)	₹8 L/yr - ₹12 L/yr 115% more
HDB Financial Services Manager M1 Salary 10 - 18 years exp. (3 salaries)	₹5 L/yr - ₹7.1 L/yr 47% more

Manager M1 salary at Bajaj Finance ranges between ₹2.5 Lakhs to ₹5.6 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 7 latest salaries received from various employees of Bajaj Finance.

Experience wise Bajaj Finance Manager M1 salaries

Last Updated: 20 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.6 L/yr
2 years (3 salaries)	₹2.5 L/yr - ₹5.6 L/yr
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3 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
5 years (AmbitionBox Estimate)	₹4 L/yr - ₹7.9 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹7.8 L/yr
7 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr
8 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
10 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.5 L/yr

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Salary related reviews for Bajaj Finance

4.0

Rated by 1 employees for salary & benefits

Team Lead in Viman Nagar, Pune

Other Department

1.0

• posted on 20 Oct 2022

3.0

for Salary and Benefits

Likes

Their competitive pay is the only good thing about working here

Dislikes

NO work life balance. You are expected to be available to work 20 hours a day and all 7 days of the week, no exceptions. HR will tell you that two Saturdays (and all Sundays) of a month are off. But once you join, your boss will call you to work on all Saturdays and some Sundays. If you dont like it, you can quit. If you make a small mistake or can't complete your work in the unreasonable target deadline, you will be shouted at and verbally abused, loudly, in front of multiple colleagues. And, dont even think about asking for vacation days. By policy you get 36 leaves per year. Practically, you may get 2 or 3. Also, no work from home, at all, for anyone, in any circumstances. Need i say more ?

Area Manager in Pileru

Finance & Accounting Department

5.0

• posted on 13 Oct 2020

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Dislikes

Nothing is there

Cluster Manager in Surat

Administration & Facilities Department

5.0

• posted on 16 Feb 2020

4.0

for Salary and Benefits

Likes

It's fun to work with great experience in the field of finance. The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that markets reliable, high-quality financial products and has a across country clientele.

Dislikes

Compensation is decent, but work pressure is very high. At times it has happened that managers do not value an individual's unique strengths, which is why I have to take back my suggestions.

Relationship Manager in Ahmedabad

Loan Department

4.0

• posted on 20 Nov 2019

4.0

for Salary and Benefits

Likes

I know that bajaj finace is biggest company of finance..team work is very important and very helpful.every morning training season and give more idea for achive our target..

Dislikes

Salary is not setisfaction for our work

Area Manager in Vadodara

Credit-Operation Department

4.0

• posted on 19 Oct 2018

5.0

for Salary and Benefits

Likes

The Company is open to changes and ready to provide facility to employees and compensation is very good

Dislikes

Work pressure is very high and family life distturb.also due to some politics problem in job security

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Bajaj Finance Manager M1 Salary FAQs

What is the salary of Manager M1 at Bajaj Finance?

Manager M1 salary at Bajaj Finance in India ranges between ₹2.5 Lakhs to ₹5.6 Lakhs for experience between 1 years to 10 years. According to our estimates it is 63% less than the average Manager M1 Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Bajaj Finance India.

How does the salary of a Manager M1 at Bajaj Finance India compare with the average salary range for this job?

The average salary of a Manager M1 at Bajaj Finance is 63% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bajaj Finance to a Manager M1 in India?

Mahindra Finance Manager M1 Salary - ₹10.0 Lakhs to ₹14.8 Lakhs per year
ICICI Bank Manager M1 Salary - ₹4.5 Lakhs to ₹17.0 Lakhs per year
SMFG India Credit Manager M1 Salary - ₹6.5 Lakhs to ₹15.0 Lakhs per year
Axis Finance Manager M1 Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
HDFC Bank Manager M1 Salary - ₹5.0 Lakhs to ₹12.1 Lakhs per year

What is the salary of a Manager M1 in companies similar to Bajaj Finance in India?

TVS Credit Manager M1 Salary - ₹7.6 Lakhs to ₹8.0 Lakhs per year
Axis Bank Manager M1 Salary - ₹4.2 Lakhs to ₹10.6 Lakhs per year
Bharat Financial Inclusion Manager M1 Salary - ₹4.0 Lakhs to ₹10.0 Lakhs per year
IIFL SAMASTA Manager M1 Salary - ₹5.8 Lakhs to ₹8.7 Lakhs per year
HDB Financial Services Manager M1 Salary - ₹5.0 Lakhs to ₹7.1 Lakhs per year

What is the estimated take home salary of a Manager M1 at Bajaj Finance in India?

The estimated take-home salary of a Manager M1 at Bajaj Finance ranges between ₹32,331 per month to ₹33,611 per month in India. The take-home salary calculation is based on the average Bajaj Finance Manager M1 salary in India which ranges between ₹2.5 Lakhs to ₹5.6 Lakhs per year for employees with experience between 1 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at Bajaj Finance?

According to AmbitionBox, 57% of the Bajaj Finance Manager M1s reported a notice period of 3 Months, 29% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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Bajaj Finance Manager M1 Salaries

Bajaj Finance Manager M1 salary in India ranges between ₹2.5 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Bajaj Finance latest salaries received from various employees of Bajaj Finance.