Bajaj Finance Mumbai Cluster Head Salaries by 4 Employees (Updated 2025)

4 - 17 years exp.

₹16 Lakhs - ₹19.7 Lakhs

Salary of majority employees

Fixed (79%)

₹14.1 Lakhs

Variable (21%)

₹3.7 Lakhs

12% more than the average Cluster Head Salary in NBFC Companies for 4 - 17 years of experience

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Salaries in different departments

Finance & Accounting Cluster Head Salary 4 years exp. (AmbitionBox Estimate)	₹16 L/yr - ₹18.6 L/yr
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Sales & Business Development Cluster Head Salary 13 years exp. (AmbitionBox Estimate)	₹19 L/yr - ₹19.7 L/yr

Last Updated: 8 Mar 2025

Companies similar to Bajaj Finance for Cluster Head in Mumbai

Bajaj Finance Cluster Head Salary

4 - 17 years exp. (4 salaries)

₹16 L/yr - ₹19.7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Cluster Head Salary 12 - 16 years exp. (4 salaries)	₹18 L/yr - ₹23 L/yr 3% more
IIFL Finance Cluster Head Salary 11 - 12 years exp. (3 salaries)	₹7.1 L/yr - ₹10.5 L/yr 53% less
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Yes Bank Cluster Head Salary 13 - 23 years exp. (23 salaries)	₹16.8 L/yr - ₹47 L/yr 75% more	1 job opening
YES SECURITIES Cluster Head Salary 6 - 15 years exp. (20 salaries)	₹5.6 L/yr - ₹13 L/yr 47% less
HDFC Bank Cluster Head Salary 10 - 21 years exp. (17 salaries)	₹9.6 L/yr - ₹30.4 L/yr 29% more

Cluster Head salary at Bajaj Finance ranges between ₹16 Lakhs to ₹19.7 Lakhs per year for employees with experience between 4 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Finance.

Experience wise Bajaj Finance Cluster Head salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹16 L/yr - ₹32.4 L/yr
5 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr
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6 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.6 L/yr
7 years (AmbitionBox Estimate)	₹16.1 L/yr - ₹20.6 L/yr
8 years (AmbitionBox Estimate)	₹16.1 L/yr - ₹20.6 L/yr
9 years (AmbitionBox Estimate)	₹16.1 L/yr - ₹20.6 L/yr
10 years (AmbitionBox Estimate)	₹16.1 L/yr - ₹20.5 L/yr
11 years (AmbitionBox Estimate)	₹16 L/yr - ₹20.5 L/yr
12 years (AmbitionBox Estimate)	₹16 L/yr - ₹20.5 L/yr
13 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹19.7 L/yr
14 years (AmbitionBox Estimate)	₹16 L/yr - ₹20.4 L/yr
15+ years (AmbitionBox Estimate)	₹17 L/yr - ₹31.8 L/yr

View all

Similar Designation salaries in Bajaj Finance

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(116 salaries)

₹1 L/yr - ₹4 L/yr

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₹2.5 L/yr - ₹8.5 L/yr

Sales Officer Salary

(101 salaries)

₹1.2 L/yr - ₹5 L/yr

Deputy Manager Salary

(18 salaries)

₹3.15 L/yr - ₹7 L/yr

Cluster Manager Salary

(18 salaries)

₹13 L/yr - ₹22.36 L/yr

Team Lead Salary

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₹2.5 L/yr - ₹5 L/yr

Salary related reviews for Bajaj Finance

Area Sales Manager in New Delhi (working remotely)

Full Time

Sales & Business Development Department

1.0

• posted on 03 Oct 2024

3.0

for Salary and Benefits

Likes

Nothing

Skill development - Excellent

Dislikes

Huge pressure No work life balance All Sunday and holiday working All leave day works even medical leave They require asm who have memory and processer of super computer in the salary of celeron processor salary. Please do not join this company save your life from heart attack

Job security - Bad

+4 more

Sales Officer in Madurai

Full Time

Other Department

1.0

• posted on 19 May 2022

3.0

for Salary and Benefits

Likes

Good salary hikes and IJP opportunities

Dislikes

Every single department is operating on politics. No respect for real talent. Abusive Senior management team. Worst working culture. No holidays to employees. Pathetic HR team who don't do any work or support at all.

Skill development - Bad

+4 more

Sales Officer in Durgapur

Full Time

Sales & Business Development Department

4.0

• posted on 11 Apr 2022

2.0

for Salary and Benefits

Likes

ITS NICE TO WORK HERE , DAILY MEETING WITH PEOPLES AND HAVING CONVERSATION WITH THEM. YOU CAN GROW UP YOUR MARKETING SKILLS HERE . AND DAILY INTERACTIONS WITH PEOPLE MAKE YOUR SPEAKING POWER GROW.

Skill development - Excellent

+3 more

Dislikes

JUST ONE DISPUIT IS THAT AS PER WORKING HOUR AND AS PER WORKING PREASURE SALARY AMOUNT IS NOT SATISFIED

Salary - Poor

Sales Manager in Amritsar

Full Time

Sales & Business Development Department

3.0

• posted on 10 Oct 2021

5.0

for Salary and Benefits

Likes

Salary on time. Salary and incentives are very good. Company gives incentives open heartedly to get work done.

Salary - Excellent

+1 more

Dislikes

Work culture is zero. They treat you like a machine. Intense work pressure. Received call even at 11 p.m for numbers. Once i had to work with 102 fever . Very abusive. Every one from top to low level use abusive level in offical meetings and conf. Calls. Zero personal life. Has to work on sundays most of the times. No leaves

Work satisfaction - Bad

+2 more

Sales Manager in Pune

Full Time

Sales & Business Development Department

3.0

• posted on 05 Aug 2021

5.0

for Salary and Benefits

Likes

One joins bajaj for good pay and incentives ofcourse.....If you want to earn money you join Bajaj finance limited..... that's it ......

Salary - Excellent

Dislikes

Policies and rules are different.....People are treated as per their Band not as per policy......One with the power or sitting at higher level can do anything they like or can manipulates policies......They don't treat you equally like I mentioned People are treated as per their Band not as per policy

Skill development - Poor

+2 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 Cluster Head Salary FAQs

What is the salary of Cluster Head at Bajaj Finance in Mumbai?

The average salary of a Cluster Head at Bajaj Finance in Mumbai typically ranges from ₹16.0 Lakhs to ₹19.7 Lakhs per year, depending on experience (from 4 years to 17 years).

The top 10% of Cluster Head in Mumbai at Bajaj Finance earn more than ₹19.7 Lakhs per year, and the top 1% earn over ₹19.7 Lakhs per year. Cluster Head 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 Cluster Head at Bajaj Finance in Mumbai?

The estimated take-home salary of a Cluster Head at Bajaj Finance in Mumbai typically ranges from ₹1,20,101 to ₹1,23,472 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹19.7 Lakhs per year for employees with experience ranging from 4 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.

Which companies offer higher salaries than Bajaj Finance for Cluster Head in India?

Yes Bank	₹16.8 Lakhs to ₹47.0 Lakhs per year
HDFC Bank	₹9.6 Lakhs to ₹30.4 Lakhs per year
HDB Financial Services	₹18.0 Lakhs to ₹23.0 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 Cluster Head in companies similar to Bajaj Finance in Mumbai?

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

YES SECURITIES	₹5.6 Lakhs to ₹13.0 Lakhs per year
IIFL Finance	₹7.1 Lakhs to ₹10.5 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 Cluster Head at Bajaj Finance in Mumbai?

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

Experience	Average Salary Range
4 years	₹16.0 Lakhs to ₹32.4 Lakhs per year
5 years	₹16.2 Lakhs to ₹20.7 Lakhs per year
6 years	₹16.2 Lakhs to ₹20.6 Lakhs per year
7 years	₹16.1 Lakhs to ₹20.6 Lakhs per year

and so on.

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Bajaj Finance Cluster Head Salaries in Mumbai

Bajaj Finance Cluster Head salary in Mumbai ranges between ₹16 Lakhs to ₹19.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bajaj Finance latest salaries received from various employees of Bajaj Finance.