Bajaj Finance Underwriting Manager Salaries by 10+ Employees (Updated 2025)

2 - 7 years exp.

₹4.2 Lakhs - ₹8.1 Lakhs

Salary of majority employees

22% less than the average Underwriting Manager Salary in NBFC Companies for 2 - 7 years of experience

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Salaries in different departments

Finance & Accounting Underwriting Manager Salary 2 - 7 years exp. (5 salaries)	₹5.5 L/yr - ₹7.2 L/yr
BFSI, Investments & Trading Underwriting Manager Salary 4 - 7 years exp. (4 salaries)	₹4.2 L/yr - ₹8.1 L/yr
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Legal & Regulatory Underwriting Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.6 L/yr
Risk Management & Compliance Underwriting Manager Salary 6 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹8.1 L/yr

Last Updated: 15 Mar 2025

Companies similar to Bajaj Finance for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
Mahindra Finance Underwriting Manager Salary 6 - 11 years exp. (4 salaries)	₹6.9 L/yr - ₹9.5 L/yr 21% more
SBI General Insurance Underwriting Manager Salary 1 - 13 years exp. (28 salaries)	₹5.8 L/yr - ₹13.5 L/yr 43% more
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Care Health Insurance Underwriting Manager Salary 0 - 9 years exp. (23 salaries)	₹2.7 L/yr - ₹7.3 L/yr 27% less
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 58% more
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 20% more

Underwriting Manager salary at Bajaj Finance ranges between ₹4.2 Lakhs to ₹8.1 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 12 latest salaries received from various employees of Bajaj Finance.

Experience wise Bajaj Finance Underwriting Manager salaries

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹11.1 L/yr
3 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.4 L/yr
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4 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹11.7 L/yr
5 years (3 salaries)	₹5.1 L/yr - ₹12.1 L/yr
6 years (3 salaries)	₹6.8 L/yr - ₹7.2 L/yr
7 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.1 L/yr

View all

Similar Designation salaries in Bajaj Finance

Credit Manager Salary

(211 salaries)

₹2.4 L/yr - ₹9 L/yr

Underwriter Salary

(6 salaries)

₹3.25 L/yr - ₹5 L/yr

Area Credit Manager Salary

(91 salaries)

₹4.4 L/yr - ₹14 L/yr

Deputy Manager Salary

(293 salaries)

₹3 L/yr - ₹9.78 L/yr

Branch Credit Manager Salary

(121 salaries)

₹3.2 L/yr - ₹8.5 L/yr

Cluster Credit Manager Salary

(19 salaries)

₹12.3 L/yr - ₹23 L/yr

Chief Manager Salary

(3 salaries)

₹8.5 L/yr - ₹30 L/yr

Regional Credit Manager Salary

(16 salaries)

₹17.6 L/yr - ₹30 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹15.8 L/yr - ₹20.1 L/yr

Team Lead Salary

(131 salaries)

₹1 L/yr - ₹7 L/yr

Salary related reviews for Bajaj Finance

4.5

Rated by 3 employees for salary & benefits

Credit Manager in Patiala

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 25 Jul 2023

5.0

for Salary and Benefits

Likes

Salary growth and career growth is a positive thing in a Bajaj finance Ltd . Also company is supportive and helpful. If you have any problem self or family then company stands with you . If you give time in this organisation then you will feel satisfied

Salary - Excellent

+4 more

Dislikes

Working life balance not well but if you are a alike army men then you have a good platform to groom your career

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 ?

Skill development - Poor

+4 more

Area Credit Manager in Tirunelveli

Finance & Accounting Department

2.0

• posted on 09 Mar 2020

5.0

for Salary and Benefits

Likes

Good salary and incentive structure. Also getting promotion every 18 to 24 months based on performance. No recommendation by superior.

Salary - Excellent

Dislikes

There is 24*7 culture. No holiday even Sunday. There is. No work life balance.

Job security - Bad

+3 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

Credit Sales Manager in Bareilly

Full Time

Finance & Accounting Department

1.0

• posted on 05 Jan 2025

3.0

for Salary and Benefits

Likes

The company culture is good and you get to learn something new and new technology

Skill development - Excellent

+1 more

Dislikes

I have no problem working in Bajaj Auto Finance but the only thing that has messed up is the salary structure. My post is that of a credit sales manager but my profile says sales officer And now the profile of the new hiring is Assistant Manager

Job security - Bad

+3 more

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Bajaj Finance Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at Bajaj Finance ?

The average salary of a Underwriting Manager at Bajaj Finance in India typically ranges from ₹4.2 Lakhs to ₹8.1 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Underwriting Manager at Bajaj Finance earn more than ₹7.5 Lakhs per year, and the top 1% earn over ₹8.1 Lakhs per year. Underwriting 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 10+ Bajaj Finance employees in India.

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

The estimated take-home salary of a Underwriting Manager at Bajaj Finance in India typically ranges from ₹52,691 to ₹53,932 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹8.1 Lakhs per year for employees with experience ranging from 2 years to 7 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 10+ salaries received from various employees of Bajaj Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

HDFC Ergo General Insurance	₹5.1 Lakhs to ₹18.5 Lakhs per year
SBI General Insurance	₹5.8 Lakhs to ₹13.5 Lakhs per year
Mahindra Finance	₹6.9 Lakhs to ₹9.5 Lakhs per year
ICICI Prudential Life Insurance	₹6.0 Lakhs to ₹10.5 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 Underwriting Manager in companies similar to Bajaj Finance in India?

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

Care Health Insurance

₹2.7 Lakhs to ₹7.3 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 Underwriting Manager at Bajaj Finance in India?

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

Experience	Average Salary Range
2 years	₹5.5 Lakhs to ₹11.1 Lakhs per year
3 years	₹6.0 Lakhs to ₹11.4 Lakhs per year
4 years	₹4.2 Lakhs to ₹11.7 Lakhs per year
5 years	₹5.1 Lakhs to ₹12.1 Lakhs per year

and so on.

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Bajaj Finance Underwriting Manager Salaries

Bajaj Finance Underwriting Manager salary in India ranges between ₹4.2 Lakhs to ₹8.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Bajaj Finance latest salaries received from various employees of Bajaj Finance.