Cholamandalam Investment & Finance Associate Salaries by 10+ Employees (Updated 2025)

1 - 7 years exp.

₹1.8 Lakh - ₹3.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

63% less than the average Associate Salary in Financial Services Companies for 1 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Salary 2 - 6 years exp. (4 salaries)	₹2 L/yr - ₹3.5 L/yr
Finance & Accounting Associate Salary 1 - 3 years exp. (4 salaries)	₹1.8 L/yr - ₹2.8 L/yr
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Data Science & Analytics Associate Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹3.3 L/yr
Sales & Business Development Associate Salary 7 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3 L/yr

Last Updated: 6 Apr 2025

Companies similar to Cholamandalam Investment & Finance for Associate

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Associate Salary 1 - 17 years exp. (10.4k salaries)	₹10 L/yr - ₹43.4 L/yr 769% more	50 job openings
Morgan Stanley Associate Salary 0 - 12 years exp. (3.3k salaries)	₹5.2 L/yr - ₹21 L/yr 341% more	1 job opening
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State Street Corporation Associate Salary 0 - 5 years exp. (1.5k salaries)	₹2 L/yr - ₹8 L/yr 46% more
BNY Associate Salary 0 - 10 years exp. (1.1k salaries)	₹3.7 L/yr - ₹15 L/yr 215% more	4 job openings
BNP Paribas Associate Salary 0 - 5 years exp. (841 salaries)	₹2 L/yr - ₹8 L/yr 73% more
HSBC Group Associate Salary 1 - 8 years exp. (339 salaries)	₹3.9 L/yr - ₹16.3 L/yr 239% more	1 job opening
Wells Fargo Associate Salary 0 - 6 years exp. (284 salaries)	₹2.1 L/yr - ₹9.3 L/yr 119% more	5 job openings
Marsh McLennan Associate Salary 0 - 5 years exp. (220 salaries)	₹1.8 L/yr - ₹4.8 L/yr 10% more
Citicorp Associate Salary 1 - 10 years exp. (176 salaries)	₹9.4 L/yr - ₹27.9 L/yr 456% more
Bnp Paribas Securities Associate Salary 0 - 3 years exp. (162 salaries)	₹2.5 L/yr - ₹5.5 L/yr 36% more
UBS Associate Salary 2 - 10 years exp. (122 salaries)	₹5 L/yr - ₹20 L/yr 336% more
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Bajaj Finserv Associate Salary 0 - 5 years exp. (46 salaries)	₹1.2 L/yr - ₹5 L/yr 2% less
American Express Associate Salary 0 - 5 years exp. (44 salaries)	₹11.4 L/yr - ₹12.6 L/yr 327% more
Aditya Birla Capital Associate Salary 0 - 6 years exp. (22 salaries)	₹2 L/yr - ₹6 L/yr 27% more
Fidelity Investments Associate Salary 0 - 5 years exp. (21 salaries)	₹1.1 L/yr - ₹6 L/yr 12% more
Northern Trust Operating Services Associate Salary 0 - 10 years exp. (20 salaries)	₹9 L/yr - ₹22 L/yr 367% more	6 job openings
FactSet Associate Salary 0 - 5 years exp. (18 salaries)	₹3 L/yr - ₹10.4 L/yr 102% more
Commonwealth Bank of Australia, India Associate Salary 3 - 10 years exp. (12 salaries)	₹5.8 L/yr - ₹21.6 L/yr 378% more
Aon Associate Salary 0 - 4 years exp. (11 salaries)	₹1.8 L/yr - ₹8.8 L/yr 54% more
Karvy DigiKonnect Associate Salary 0 - 4 years exp. (11 salaries)	₹1.5 L/yr - ₹2.8 L/yr 29% less

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Associate salary at Cholamandalam Investment & Finance ranges between ₹1.8 Lakh to ₹3.5 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 12 latest salaries received from various employees of Cholamandalam Investment & Finance.

Experience wise Cholamandalam Investment & Finance Associate salaries

Last Updated: 6 Apr 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
2 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
Login to view exact salary
3 years (5 salaries)	₹1.8 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
7 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr

View all

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Salary related reviews for Cholamandalam Investment & Finance

2.4

Rated by 4 employees for salary & benefits

Team Lead in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 19 Feb 2025

4.0

for Salary and Benefits

Likes

On time salary, every year salary increment, bonus, good working environment at local branchs.

Salary - Good

+3 more

Dislikes

Work life balance, something huge pressure, force to work on holiday and Sunday. Working time, as per work salary justification

Company culture - Poor

+1 more

Area Collection Manager in Udaipur (working remotely)

Full Time

Finance & Accounting Department

3.0

• posted on 30 Jan 2025

4.0

for Salary and Benefits

Likes

Not much but salary comparison is little high than industry

Salary - Good

+1 more

Dislikes

It should improve employee welfare calture no weekly off no leave, if on leave have to attend con call . Worst culture of any time con call. Early morning 6 o clock late evening after 8 o clock con call No personal life, working on weekends and even on Sunday. Public holidays are in calendar only . No festival leave Lots of parameters which are useless . Penetration of separation is high. Apologise to write with personal experience

Work satisfaction - Poor

+2 more

Regional Legal Manager in Mumbai

Full Time

Legal & Regulatory Department

4.0

• posted on 04 Jan 2025

5.0

for Salary and Benefits

Likes

Company compensation is good and appraisal are excellent. You get freedom to do whatever you want to until you are justifying the companies interest.

Salary - Excellent

+4 more

Dislikes

Just some people don't know how to collaborate with people, they are just interested in playing dirty politics to show Management how better are they from other people. Senior people get easily influenced by others and make their opinion about sincere peoples.

Credit Operation Executive in Margherita

Full Time

Finance & Accounting Department

3.0

• posted on 06 Nov 2024

3.0

for Salary and Benefits

Likes

Salary get credited on time. Moreover, the increment process is done by one's yearly performance.

Skill development - Good

+1 more

Dislikes

No time for home, we have to have to work like cow. We come to office at 9:00 am and no time to return home. Abusing words by seniors. Even if we take leave we are being called and asked to do complete the task. Lots of uneducated/unskilled person getting a big sum of money.

Promotions - Poor

+3 more

Relationship Manager in Ranchi

Full Time

Finance & Accounting Department

1.0

• posted on 01 Oct 2024

1.0

for Salary and Benefits

Likes

There is literally nothing to like about Cholamandalam Investment & Finance.

Dislikes

...They'll just force you everytime for no reason, company is full of backstabbers. Not even paid my Bonus Amount for this financial year, after mailing me the details with entire amount, they kept the money.

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Cholamandalam Investment & Finance Associate Salary FAQs

What is the salary of Associate at Cholamandalam Investment & Finance ?

The average salary of a Associate at Cholamandalam Investment & Finance in India typically ranges from ₹1.8 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Associate at Cholamandalam Investment & Finance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Associate Salaries at Cholamandalam Investment & 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 10+ Cholamandalam Investment & Finance employees in India.

What is the estimated take home salary of a Associate at Cholamandalam Investment & Finance in India?

The estimated take-home salary of a Associate at Cholamandalam Investment & Finance in India typically ranges from ₹19,987 to ₹21,650 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year to 7 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 10+ salaries received from various employees of Cholamandalam Investment & Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Cholamandalam Investment & Finance for Associate in India?

JPMorgan Chase & Co.	₹10.0 Lakhs to ₹43.4 Lakhs per year
Citicorp	₹9.4 Lakhs to ₹27.9 Lakhs per year
Commonwealth Bank of Australia, India	₹5.8 Lakhs to ₹21.6 Lakhs per year
Northern Trust Operating Services	₹9.0 Lakhs to ₹22.0 Lakhs per year
Morgan Stanley	₹5.2 Lakhs to ₹21.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Cholamandalam Investment & Finance, depending on the role and experience level.

What is the salary of a Associate in companies similar to Cholamandalam Investment & Finance in India?

The salary of a Associate at companies similar to Cholamandalam Investment & Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

UBS	₹5.0 Lakhs to ₹20.0 Lakhs per year
American Express	₹11.4 Lakhs to ₹12.6 Lakhs per year
HSBC Group	₹3.9 Lakhs to ₹16.3 Lakhs per year
BNY	₹3.7 Lakhs to ₹15.0 Lakhs per year
Mitsubishi Corporation	₹3.0 Lakhs to ₹12.4 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 Associate at Cholamandalam Investment & Finance in India?

The salary growth for a Associate at Cholamandalam Investment & Finance depends on factors such as experience, performance, and promotions. On average, a Associate can expect the following growth trajectory at Cholamandalam Investment & Finance:

Experience	Average Salary Range
1 year	₹2.6 Lakhs to ₹3.3 Lakhs per year
2 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
3 years	₹1.8 Lakhs to ₹2.8 Lakhs per year
4 years	₹2.5 Lakhs to ₹3.2 Lakhs per year

and so on.

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Cholamandalam Investment & Finance Associate Salaries

Cholamandalam Investment & Finance Associate salary in India ranges between ₹1.8 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Cholamandalam Investment & Finance latest salaries received from various employees of Cholamandalam Investment & Finance.