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

1 - 11 years exp.

₹5 Lakhs - ₹9 Lakhs

Salary of majority employees

23% less than the average Underwriting Manager Salary in NBFC Companies for 1 - 11 years of experience

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Salaries in different departments

Finance & Accounting Underwriting Manager Salary 1 - 7 years exp. (6 salaries)	₹5.5 L/yr - ₹7.2 L/yr
BFSI, Investments & Trading Underwriting Manager Salary 5 - 11 years exp. (4 salaries)	₹5.1 L/yr - ₹9 L/yr
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Legal & Regulatory Underwriting Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.8 L/yr
Risk Management & Compliance Underwriting Manager Salary 6 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹8 L/yr

Last Updated: 14 Feb 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. (3 salaries)	₹6.9 L/yr - ₹9.5 L/yr 18% more
SBI General Insurance Underwriting Manager Salary 7 - 15 years exp. (26 salaries)	₹5.8 L/yr - ₹13.5 L/yr 57% 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 ₹5 Lakhs to ₹9 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 15 latest salaries received from various employees of Bajaj Finance.

Experience wise Bajaj Finance Underwriting Manager salaries

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5.5 L/yr - ₹10.7 L/yr
2 years (AmbitionBox Estimate)	₹5 L/yr - ₹11 L/yr
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3 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.4 L/yr
4 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹11.7 L/yr
5 years (4 salaries)	₹5.1 L/yr - ₹7.6 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
8 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
9 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
10 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
11 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹9 L/yr

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Senior Analyst Salary

(AmbitionBox Estimate)

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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 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 Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at Bajaj Finance?

Underwriting Manager salary at Bajaj Finance in India ranges between ₹5.0 Lakhs to ₹9.0 Lakhs for experience between 1 years to 11 years. According to our estimates it is 23% less than the average Underwriting Manager Salary in India. Salary estimates are based on 15 latest salaries received from various employees of Bajaj Finance India.

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

The average salary of a Underwriting Manager at Bajaj Finance is 23% less than the average salary of a Underwriting Manager in India. To know exact salary insights, login to view.

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

HDFC Ergo General Insurance Underwriting Manager Salary - ₹5.1 Lakhs to ₹18.5 Lakhs per year
SBI General Insurance Underwriting Manager Salary - ₹5.8 Lakhs to ₹13.5 Lakhs per year
ICICI Prudential Life Insurance Underwriting Manager Salary - ₹6.0 Lakhs to ₹10.5 Lakhs per year
Mahindra Finance Underwriting Manager Salary - ₹6.9 Lakhs to ₹9.5 Lakhs per year

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

Care Health Insurance Underwriting Manager Salary - ₹2.7 Lakhs to ₹7.3 Lakhs per year

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 ranges between ₹52,839 per month to ₹54,084 per month in India. The take-home salary calculation is based on the average Bajaj Finance Underwriting Manager salary in India which ranges between ₹5.0 Lakhs to ₹9.0 Lakhs per year for employees with experience between 1 years to 11 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 96% of the Bajaj Finance Underwriting Managers reported a notice period of 3 Months, 4% reported a notice period of 2 Months.This is based on 24 responses on AmbitionBox in last 2 years.

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Bajaj Finance Underwriting Manager Salaries

Bajaj Finance Underwriting Manager salary in India ranges between ₹5 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Bajaj Finance latest salaries received from various employees of Bajaj Finance.