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

0 - 7 years exp.

₹4.1 Lakhs - ₹13 Lakhs

Salary of majority employees

Fixed (80%)

₹6 Lakhs

Variable (20%)

₹1.5 Lakh

40% less than the average Risk Manager Salary in NBFC Companies for 0 - 7 years of experience

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Salaries in different departments

Risk Management & Compliance Risk Manager Salary 0 - 6 years exp. (13 salaries)	₹4.6 L/yr - ₹15.2 L/yr
Data Science & Analytics Risk Manager Salary 0 - 6 years exp. (5 salaries)	₹7.5 L/yr - ₹9.1 L/yr
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BFSI, Investments & Trading Risk Manager Salary 2 - 7 years exp. (4 salaries)	₹6 L/yr - ₹10.1 L/yr
Customer Success, Service & Operations Risk Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹6.6 L/yr

Last Updated: 19 Jan 2025

Companies similar to Bajaj Finance for Risk Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Risk Manager Salary 1 - 10 years exp. (77 salaries)	₹3.8 L/yr - ₹14.9 L/yr 13% more
ICICI Bank Risk Manager Salary 0 - 10 years exp. (63 salaries)	₹5.3 L/yr - ₹22.5 L/yr 69% more
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Axis Bank Risk Manager Salary 1 - 17 years exp. (33 salaries)	₹5.4 L/yr - ₹20 L/yr 73% more
Kotak Mahindra Bank Risk Manager Salary 1 - 14 years exp. (15 salaries)	₹6 L/yr - ₹12.5 L/yr 19% more
State Bank of India Risk Manager Salary 5 - 11 years exp. (7 salaries)	₹16.5 L/yr - ₹27 L/yr 153% more
Tata Capital Risk Manager Salary 0 - 4 years exp. (7 salaries)	₹7 L/yr - ₹13 L/yr 21% more
Mahindra Finance Risk Manager Salary 6 - 17 years exp. (5 salaries)	₹17.1 L/yr - ₹25.3 L/yr 196% more
L&T Finance Risk Manager Salary 0 - 8 years exp. (167 salaries)	₹2.4 L/yr - ₹6.1 L/yr 48% less
SMFG India Credit Risk Manager Salary 3 - 11 years exp. (34 salaries)	₹2.4 L/yr - ₹5.1 L/yr 50% less
Home Credit Finance Risk Manager Salary 1 - 7 years exp. (21 salaries)	₹1.8 L/yr - ₹6.5 L/yr 60% less
IIFL Finance Risk Manager Salary 1 - 7 years exp. (10 salaries)	₹8.1 L/yr - ₹24 L/yr 107% more
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CreditAccess Grameen Risk Manager Salary 5 - 9 years exp. (8 salaries)	₹2.9 L/yr - ₹5.5 L/yr 34% less
HDB Financial Services Risk Manager Salary 2 - 17 years exp. (8 salaries)	₹3 L/yr - ₹10 L/yr 18% less
Bharat Financial Inclusion Risk Manager Salary 0 - 6 years exp. (7 salaries)	₹3.8 L/yr - ₹11 L/yr At par
Annapurna Finance Risk Manager Salary 2 - 6 years exp. (6 salaries)	₹5 L/yr - ₹19 L/yr 59% more
Satin Creditcare Network Risk Manager Salary 1 - 4 years exp. (4 salaries)	₹3 L/yr - ₹4.1 L/yr 53% less
Shriram Finance Risk Manager Salary 2 - 14 years exp. (4 salaries)	₹2.8 L/yr - ₹7.1 L/yr 37% less
Mahindra Rural Housing Finance Risk Manager Salary 7 - 12 years exp. (3 salaries)	₹8 L/yr - ₹12 L/yr 38% more

Risk Manager salary at Bajaj Finance ranges between ₹4.1 Lakhs to ₹13 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 30 latest salaries received from various employees of Bajaj Finance.

Experience wise Bajaj Finance Risk Manager salaries

Last Updated: 19 Jan 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹4.6 L/yr - ₹8.2 L/yr
1 year (3 salaries)	₹2.9 L/yr - ₹10 L/yr
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2 years (3 salaries)	₹2.9 L/yr - ₹13 L/yr
3 years (6 salaries)	₹6 L/yr - ₹13.4 L/yr
4 years (8 salaries)	₹4.1 L/yr - ₹13.1 L/yr
5 years (AmbitionBox Estimate)	₹6 L/yr - ₹9 L/yr
6 years (3 salaries)	₹4.6 L/yr - ₹11 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹13 L/yr

View all

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(114 salaries)

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Deputy Manager Salary

(280 salaries)

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(22 salaries)

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(3 salaries)

₹2 L/yr - ₹3.2 L/yr

Senior Associate Salary

(4 salaries)

₹2 L/yr - ₹2.8 L/yr

Audit Assistant Salary

(3 salaries)

₹1.5 L/yr - ₹2 L/yr

Internal Auditor Salary

(4 salaries)

₹3 L/yr - ₹4.5 L/yr

Salary related reviews for Bajaj Finance

3.4

Rated by 6 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 ?

Skill development - Poor

+4 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

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

Senior Unit Manager in Pune

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 23 Oct 2024

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

...hey even do cost cutting from tissues, toilet papers, tea, coffee and cutleries. Forcefully you have to buy refurbished laptop from them and monthly EMIs will cut directly from your salary, for your personal work you have to buy another laptop. Employees do not have enough space to sit. Every morning employees are fighting for chair and desk.

Salary - Poor

+5 more

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fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Bajaj Finance Risk Manager Salary FAQs

What is the salary of Risk Manager at Bajaj Finance?

Risk Manager salary at Bajaj Finance in India ranges between ₹4.1 Lakhs to ₹13.0 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 40% less than the average Risk Manager Salary in India. Salary estimates are based on 30 latest salaries received from various employees of Bajaj Finance India.

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

The average salary of a Risk Manager at Bajaj Finance is 40% less than the average salary of a Risk Manager in India. To know exact salary insights, login to view.

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

Mahindra Finance Risk Manager Salary - ₹17.1 Lakhs to ₹25.3 Lakhs per year
State Bank of India Risk Manager Salary - ₹16.5 Lakhs to ₹27.0 Lakhs per year
IIFL Finance Risk Manager Salary - ₹8.1 Lakhs to ₹24.0 Lakhs per year
Axis Bank Risk Manager Salary - ₹5.4 Lakhs to ₹20.0 Lakhs per year
ICICI Bank Risk Manager Salary - ₹5.3 Lakhs to ₹22.5 Lakhs per year

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

Annapurna Finance Risk Manager Salary - ₹5.0 Lakhs to ₹19.0 Lakhs per year
Mahindra Rural Housing Finance Risk Manager Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
Tata Capital Risk Manager Salary - ₹7.0 Lakhs to ₹13.0 Lakhs per year
Kotak Mahindra Bank Risk Manager Salary - ₹6.0 Lakhs to ₹12.5 Lakhs per year
HDFC Bank Risk Manager Salary - ₹3.8 Lakhs to ₹14.9 Lakhs per year

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

The estimated take-home salary of a Risk Manager at Bajaj Finance ranges between ₹55,602 per month to ₹56,994 per month in India. The take-home salary calculation is based on the average Bajaj Finance Risk Manager salary in India which ranges between ₹4.1 Lakhs to ₹13.0 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 86% of the Bajaj Finance Risk Managers reported a notice period of 3 Months, 9% reported a notice period of 2 Months 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 Risk Manager Salaries

Bajaj Finance Risk Manager salary in India ranges between ₹4.1 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 30 Bajaj Finance latest salaries received from various employees of Bajaj Finance.