Bajaj Finance Mumbai Collections Manager Salaries by 30+ Employees (Updated 2025)

0 - 11 years exp.

₹1.2 Lakh - ₹8 Lakhs

Salary of majority employees

12% less than the average Collections Manager Salary in NBFC Companies for 0 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collections Manager Salary 2 - 8 years exp. (19 salaries)	₹3.1 L/yr - ₹8 L/yr
Customer Success, Service & Operations Collections Manager Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹5.5 L/yr
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Finance & Accounting Collections Manager Salary 2 - 5 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹6.1 L/yr
Sales & Business Development Collections Manager Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.3 L/yr

Last Updated: 24 Jan 2025

Companies similar to Bajaj Finance for Collections Manager in Mumbai

Bajaj Finance Collections Manager Salary

0 - 11 years exp. (35 salaries)

₹1.2 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 2 - 18 years exp. (81 salaries)	₹3.7 L/yr - ₹10.5 L/yr 32% more	3 job openings
ICICI Bank Collections Manager Salary 3 - 13 years exp. (18 salaries)	₹4.1 L/yr - ₹11 L/yr 49% more
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Axis Bank Collections Manager Salary 8 - 12 years exp. (8 salaries)	₹4.4 L/yr - ₹15 L/yr 72% more
Kotak Mahindra Bank Collections Manager Salary 3 - 14 years exp. (35 salaries)	₹3.1 L/yr - ₹9.2 L/yr 20% more
Tata Capital Collections Manager Salary 3 - 12 years exp. (18 salaries)	₹4 L/yr - ₹9 L/yr 27% more	12 job openings
Mahindra Finance Collections Manager Salary 3 - 10 years exp. (3 salaries)	₹2.6 L/yr - ₹5.4 L/yr 26% less
L&T Finance Collections Manager Salary 5 - 13 years exp. (13 salaries)	₹4.5 L/yr - ₹8.5 L/yr 31% more
Sammaan Capital Limited Collections Manager Salary 4 - 11 years exp. (10 salaries)	₹2.4 L/yr - ₹5.6 L/yr 9% less
Aditya Birla Finance Collections Manager Salary 4 - 8 years exp. (4 salaries)	₹4 L/yr - ₹7.1 L/yr 23% more
HDB Financial Services Collections Manager Salary 2 - 17 years exp. (28 salaries)	₹3.5 L/yr - ₹8 L/yr 27% more	8 job openings
Kotak Mahindra Prime Collections Manager Salary 3 - 10 years exp. (12 salaries)	₹2.3 L/yr - ₹5.9 L/yr 5% less
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IIFL Finance Collections Manager Salary 7 - 10 years exp. (6 salaries)	₹4.4 L/yr - ₹6.5 L/yr 4% less
Shriram Finance Collections Manager Salary 5 - 11 years exp. (6 salaries)	₹3.9 L/yr - ₹4.9 L/yr 18% less
SMFG India Credit Collections Manager Salary 6 - 10 years exp. (4 salaries)	₹4.6 L/yr - ₹7.7 L/yr 2% less

Collections Manager salary at Bajaj Finance ranges between ₹1.2 Lakh to ₹8 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 35 latest salaries received from various employees of Bajaj Finance.

Experience wise Bajaj Finance Collections Manager salaries in Mumbai

Last Updated: 24 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹7 L/yr
1 year (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
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2 years (5 salaries)	₹1.2 L/yr - ₹5.9 L/yr
3 years (7 salaries)	₹3.3 L/yr - ₹8 L/yr
4 years (8 salaries)	₹3 L/yr - ₹8 L/yr
5 years (6 salaries)	₹2.5 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
7 years (3 salaries)	₹3.5 L/yr - ₹5.8 L/yr
8 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹7 L/yr
9 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
10 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.3 L/yr
11 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7.8 L/yr

View all

From

Collections Manager

₹

Lakhs/yr

0 - 11 years exp.

Senior Area Collection Manager

₹

Lakhs/yr

6 - 19 years exp.

Collections Manager 0 - 11 years exp.

Area Collection Manager 4 - 18 years exp.

118% hike

Senior Area Collection Manager 6 - 19 years exp.

20% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Bajaj Finance

Area Collection Manager Salary

(26 salaries)

₹6 L/yr - ₹16 L/yr

Cluster Manager Salary

(16 salaries)

₹13 L/yr - ₹22.36 L/yr

Collection Officer Salary

(15 salaries)

₹1.45 L/yr - ₹5.1 L/yr

Relationship Manager Salary

(8 salaries)

₹1.8 L/yr - ₹5.5 L/yr

Debt Manager Salary

(3 salaries)

₹4.9 L/yr - ₹7.5 L/yr

Top skills at Bajaj Finance for Collections Manager

Recovery Operations Collections Agency Management Debt Management Collection Management Recovery Bucket Elevators

Salary related reviews for Bajaj Finance

4.1

Rated by 2 employees for salary & benefits

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 😁

Collections Manager in Aurangabad

BFSI, Investments & Trading Department

5.0

• posted on 02 Sep 2021

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

Salary - Excellent

+6 more

Dislikes

No their is no dislike about the Bajaj finance from my side

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

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Bajaj Finance Collections Manager Salary FAQs

What is the salary of Collections Manager at Bajaj Finance Mumbai?

Collections Manager salary at Bajaj Finance in Mumbai ranges between ₹1.2 Lakhs to ₹8.0 Lakhs for less than 1 year of experience to 11 years. According to our estimates it is 12% less than the average Collections Manager Salary in India. Salary estimates are based on 35 latest salaries received from various employees of Bajaj Finance Mumbai.

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

The average salary of a Collections Manager at Bajaj Finance is 12% less than the average salary of a Collections Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Collections Manager at Bajaj Finance?

Recovery Operations, Collections, Agency Management, Debt Management and Collection Management are some of the popular skills required to work as a Collections Manager at Bajaj Finance Mumbai.

Which similar companies are paying more than Bajaj Finance to a Collections Manager in Mumbai?

Axis Bank Collections Manager Salary - ₹4.4 Lakhs to ₹15.0 Lakhs per year
ICICI Bank Collections Manager Salary - ₹4.1 Lakhs to ₹11.0 Lakhs per year
HDFC Bank Collections Manager Salary - ₹3.7 Lakhs to ₹10.5 Lakhs per year
L&T Finance Collections Manager Salary - ₹4.5 Lakhs to ₹8.5 Lakhs per year
HDB Financial Services Collections Manager Salary - ₹3.5 Lakhs to ₹8.0 Lakhs per year

What is the salary of a Collections Manager in companies similar to Bajaj Finance in Mumbai?

Tata Capital Collections Manager Salary - ₹4.0 Lakhs to ₹9.0 Lakhs per year
Aditya Birla Finance Collections Manager Salary - ₹4.0 Lakhs to ₹7.1 Lakhs per year
Kotak Mahindra Bank Collections Manager Salary - ₹3.1 Lakhs to ₹9.2 Lakhs per year
SMFG India Credit Collections Manager Salary - ₹4.6 Lakhs to ₹7.7 Lakhs per year
IIFL Finance Collections Manager Salary - ₹4.4 Lakhs to ₹6.5 Lakhs per year

What is the estimated take home salary of a Collections Manager at Bajaj Finance in Mumbai?

The estimated take-home salary of a Collections Manager at Bajaj Finance ranges between ₹37,828 per month to ₹39,026 per month in Mumbai. The take-home salary calculation is based on the average Bajaj Finance Collections Manager salary in India which ranges between ₹1.2 Lakhs to ₹8.0 Lakhs per year for employees with less than 1 year of experience to 11 years. Check how did we calculate take home salary?

What is the notice period for Collections Manager at Bajaj Finance in Mumbai?

According to AmbitionBox, 52% of the Bajaj Finance Collections Managers in Mumbai reported a notice period of 3 Months, 29% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

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Bajaj Finance Collections Manager Salaries in Mumbai

Bajaj Finance Collections Manager salary in Mumbai ranges between ₹1.2 Lakh to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 35 Bajaj Finance latest salaries received from various employees of Bajaj Finance.