Bajaj Finance Recovery Manager Salaries by 7 Employees (Updated 2025)

1 - 8 years exp.

₹3.5 Lakhs - ₹6.2 Lakhs

Low Confidence

Salary of majority employees

Fixed (77%)

₹3.6 Lakhs

Variable (23%)

₹1.1 Lakh

13% less than the average Recovery Manager Salary in NBFC Companies for 1 - 8 years of experience

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Salaries in different departments

Finance & Accounting Recovery Manager Salary 3 - 7 years exp. (4 salaries)	₹3.5 L/yr - ₹6.2 L/yr
Data Science & Analytics Recovery Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹4.6 L/yr
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BFSI, Investments & Trading Recovery Manager Salary 8 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹6 L/yr

Last Updated: 6 Jan 2025

Companies similar to Bajaj Finance for Recovery Manager

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Recovery Manager Salary 4 - 14 years exp. (28 salaries)	₹2 L/yr - ₹6 L/yr 22% less
SMFG India Credit Recovery Manager Salary 3 - 9 years exp. (10 salaries)	₹2.5 L/yr - ₹5 L/yr 18% less
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HDB Financial Services Recovery Manager Salary 4 - 14 years exp. (7 salaries)	₹4.5 L/yr - ₹6.6 L/yr 21% more
Mahindra Finance Recovery Manager Salary 4 - 11 years exp. (5 salaries)	₹3.1 L/yr - ₹4.5 L/yr 17% less
Capital Trust Recovery Manager Salary 4 - 7 years exp. (3 salaries)	₹2.5 L/yr - ₹4.1 L/yr 24% less
Manappuram Finance Recovery Manager Salary 8 - 23 years exp. (3 salaries)	₹3 L/yr - ₹7.5 L/yr 53% more
Kotak Mahindra Prime Recovery Manager Salary 4 - 6 years exp. (3 salaries)	₹3.6 L/yr - ₹4.3 L/yr 19% less
Mahindra Rural Housing Finance Recovery Manager Salary 2 - 6 years exp. (3 salaries)	₹1.7 L/yr - ₹2.4 L/yr 56% less

Recovery Manager salary at Bajaj Finance ranges between ₹3.5 Lakhs to ₹6.2 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 7 latest salaries received from various employees of Bajaj Finance.

Experience wise Bajaj Finance Recovery Manager salaries

Last Updated: 6 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4.3 L/yr - ₹8.5 L/yr
2 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹8.5 L/yr
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3 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹8.5 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹8.5 L/yr
5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹6.2 L/yr
7 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.8 L/yr
8 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹6 L/yr

View all

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Top skills at Bajaj Finance for Recovery Manager

Recovery Management Npa Management

Salary related reviews for Bajaj Finance

4.4

Rated by 7 employees for salary & benefits

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

Collections Manager in Kochi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 18 Sep 2022

5.0

for Salary and Benefits

Likes

Bajaj finance is a family for me , colleagues are really helpful, workstation ambiance is really wonderful , salary hikes and incentives are really good here , every year we got promotion to higher grade,and major fact about being a Bajaj finance employee is job security, if we work honest our career growth will unpredictable,

Salary - Excellent

+6 more

Dislikes

Work pressure is really huge because we are number one in finance sector in India, holidays are joke here , please don't come to work here if you are love to celebrate holidays with your family or friends! Target's are rocket here ! So you need to achieve it whatever happens 😁

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Bajaj Finance Recovery Manager Salary FAQs

What is the salary of Recovery Manager at Bajaj Finance ?

The average salary of a Recovery Manager at Bajaj Finance in India typically ranges from ₹3.5 Lakhs to ₹6.2 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Recovery Manager at Bajaj Finance earn more than ₹6.1 Lakhs per year, and the top 1% earn over ₹6.2 Lakhs per year. 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 7 Bajaj Finance employees in India.

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

The estimated take-home salary of a Recovery Manager at Bajaj Finance in India typically ranges from ₹35,165 to ₹36,403 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹6.2 Lakhs per year for employees with experience ranging from 1 year to 8 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 7 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 Recovery Manager at Bajaj Finance ?

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

- Recovery Management
- Npa Management

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 Recovery Manager in India?

Manappuram Finance	₹3.0 Lakhs to ₹7.5 Lakhs per year
HDB Financial Services	₹4.5 Lakhs to ₹6.6 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 Recovery Manager in companies similar to Bajaj Finance in India?

The salary of a 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:

Mahindra Finance	₹3.1 Lakhs to ₹4.5 Lakhs per year
SMFG India Credit	₹2.5 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindra Prime	₹3.6 Lakhs to ₹4.3 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹6.0 Lakhs per year
Capital Trust	₹2.5 Lakhs to ₹4.1 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 Recovery Manager at Bajaj Finance in India?

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

Experience	Average Salary Range
1 year	₹4.3 Lakhs to ₹8.5 Lakhs per year
2 years	₹4.3 Lakhs to ₹8.5 Lakhs per year
3 years	₹4.7 Lakhs to ₹8.5 Lakhs per year
4 years	₹3.5 Lakhs to ₹8.5 Lakhs per year

and so on.

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Bajaj Finance Recovery Manager Salaries

Bajaj Finance Recovery Manager salary in India ranges between ₹3.5 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Bajaj Finance latest salaries received from various employees of Bajaj Finance.