Bajaj Finserv Product Management Department Salaries in Mumbai

Likes

You will get salary on time . Deputy CEO and MD is awesome

Dislikes

Here are some highlights about working at Bajaj: 1. If you get an annual hike of 10%, Bajaj's ingenious policy is to give you only 60% of it for the first six months (a whopping 6%), and the remaining 4% after that. Brilliant! 2. At Bajaj, who needs an MBA or fancy certifications? A 10th-grade pass certificate is your golden ticket to happiness. After all, it's rumored that 40% of the staff share this prestigious qualification. 3. In the IT or COE teams? Don't fret about your ideas being heard. At Bajaj, senior management never listens, but they certainly act. IT gets its marching orders straight from the MD or CEO. Then our highly qualified 10th-grade pass IT gurus spring into action. No need to worry about your projects here! 4. Welcome to the first company where people enthusiastically follow poor practices because, why bother caring about the company, its management, or even RBI regulations? 5. Bajaj's culture is reminiscent of a slum, with business heads boasting an 8th-grade education. Their strategy? Yell at sales employees and run the business by sheer volume. Who needs business acumen? 6. While MNCs operate on logic and planning, at Bajaj, systems thrive on people's egos. It's a unique approach, for sure. The list is endless, but if you're still keen to join, welcome to Bajaj!

Likes

Financial compensation is competitive but it comes at the cost of your mental and physical health. I did not get it anyway but I have seen my colleagues from other teams earn it well. Just spare yourself a horror and DO NOT JOIN THIS COMPANY! I blame everybody for wasting my 3 precious years, restricted my growth, handicapped me financially, and left scars all over my self esteem and morale which will take time to heal. Waiting for a good company to join now and will throw all the awards I shall earn in Bajaj's face one day. Non competitive and sadist people run this bad show who micromanages your life and not just work. You imagine when employees were called to the office during the COVID peak, and we used to get daily mails of employee's demise after contracting Corona since the leaders think an employee is just doing timepass at his home and 'Dhandha' is getting hampered as you ofcourse don't trust them anyway. This is pure heartless

Dislikes

Your immediate boss can tarnish your image on smallest mistakes at work upto the level that you won't get paid your quarterly incentives and when you decide to move to another team they won't absorb you with that broken image. I have gone through it all. In my initial months of joining I was loaded with 3 people worth of work which made me do mistakes at work sometimes (even an expert would fall sometimes). With no clear instructions and understanding of work expectations from the boss you tend to commit small mistakes which doesn't go well with him followed by slur of abuses and me being tagged as non competitive. You report to your skip manager about this after repeated tiring episodes and your immediate boss, engulfed in his ego goes after your career from that day on. After working my mind off for 14-15 hours daily including weekends I was offered PIP. No matter however you fare in your work if your boss wants to revenge you, it will be served cold. After that no senior leadership listens to you and you are stuck wherever you are with no promotions, accelerations, incentives in sight for good. Have given my 3 years to this company and they have smothered it well and strangled my advancement. I would have earned a lot, grew well but a single guy with unquestionable authority and power restricted my growth illegally Had my family to feed, take care of my old parents, my loans but it all got tossed away in the sewer. The single biggest mistake I did was to stick to this team and company and did not fight it back aggressively. HR is virtually non-existent and a mere puppet of senior leadership. I have left the company on a very bad note. A lot of people could have assisted me, guided me but they did not as they were good friends with the boss and the empolyee policies are not employee friendly but only on papers. Hence I just did not leave the bad boss but also the bad company which could have used me in so many ways as an asset but failed badly in doing so.

Likes

Chilled out at times, but you have to pay the cost later. Excellent for those who do not have a social life.

Dislikes

Pathetic culture. You are expected to slog even if you are done with your work. You will have stretch targets which will automatically make you put in long working hours, but remember that you will not get any extra credit for this.

Likes

You get ample opportunities to learn new things.

Dislikes

...ing leave balance. 7. No buy out policy (despite of available in hr policies) 8. Held salary for 3 months despite not having any such policy and compelled to revoke resignation by blackmailing on salary release. 9. HR is not employee centric.

Likes

Work and experience is very high level and salary and incentive next leven but office politics is very high level no stuck promotion and manger support zero pressure hight level.

Dislikes

Working culture is very boring and must pressur be like manger will more pressure me how to you do bussiness and conversion