Cholamandalam Investment & Finance Chennai Back Office Associate Salaries by 4 Employees

1 - 4 years exp.

₹1.4 Lakh - ₹2.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

21% less than the average Back Office Associate Salary in Financial Services Companies for 1 - 4 years of experience

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Salaries in different departments

Finance & Accounting Back Office Associate Salary 1 - 4 years exp. (3 salaries)	₹1.4 L/yr - ₹2.4 L/yr
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BFSI, Investments & Trading Back Office Associate Salary 3 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr

Last Updated: 14 Mar 2023

Companies similar to Cholamandalam Investment & Finance for Back Office Associate in Chennai

Cholamandalam Investment & Finance Back Office Associate Salary

1 - 4 years exp. (4 salaries)

₹1.4 L/yr - ₹2.4 L/yr

Company name	Avg Annual Salary	Open Jobs
Royal Sundaram General Insurance Back Office Associate Salary 1 - 5 years exp. (22 salaries)	₹1.6 L/yr - ₹3.5 L/yr 33% more
CAMS Back Office Associate Salary 1 - 7 years exp. (12 salaries)	₹1 L/yr - ₹2 L/yr 35% less
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Tech Mahindra Back Office Associate Salary 0 - 3 years exp. (10 salaries)	₹1 L/yr - ₹2.2 L/yr 8% less
IDBI Bank Back Office Associate Salary 6 - 14 years exp. (8 salaries)	₹2.8 L/yr - ₹3.5 L/yr 54% more
Wipro Back Office Associate Salary 3 - 6 years exp. (4 salaries)	₹3.3 L/yr - ₹3.8 L/yr 74% more

Back Office Associate salary at Cholamandalam Investment & Finance ranges between ₹1.4 Lakh to ₹2.4 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Cholamandalam Investment & Finance.

Experience wise Cholamandalam Investment & Finance Back Office Associate salaries in Chennai

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
2 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.6 L/yr
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3 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr

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Salary related reviews for Cholamandalam Investment & Finance

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

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

Senior Officer in Jagtial

Full Time

Finance & Accounting Department

5.0

• posted on 21 Dec 2021

4.0

for Salary and Benefits

Likes

Good work team the management is transparent appraisal are fair and they give good salary hike and bonus every year

Salary - Good

+5 more

Dislikes

Mi insurance Targets and charges login days for month 5 , not given growth high level , BRM is not ok Jagtiyal location is unfit this job

Promotions - Poor

Senior Officer in Gadarwara

Tractor Finance Department

4.0

• posted on 08 Aug 2022

4.0

for Salary and Benefits

Likes

My company is a very good company. A company should take care of the employee as well as the customer, along with the salary, the incentive structure is also very good, so I am still working in this company.

Salary - Good

+5 more

Dislikes

Growth has to wait in the company.

Customer Service Executive in Parry's, Chennai

Customer Success, Service & Operations Department

5.0

• posted on 31 May 2022

5.0

for Salary and Benefits

Likes

... executive, i fell good to work in this bcz they treat people's in good way.....and you can improve you skills and they credit the salary in time ...CIFCL a good place to build carrier....Thanks cholamandalam and murugappa groups...

Salary - Excellent

+5 more

Dislikes

The company is good but no increment done

see more salary related reviews

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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 Back Office Associate Salary FAQs

What is the salary of Back Office Associate at Cholamandalam Investment & Finance in Chennai?

The average salary of a Back Office Associate at Cholamandalam Investment & Finance in Chennai typically ranges from ₹1.4 Lakhs to ₹2.4 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Back Office Associate in Chennai at Cholamandalam Investment & Finance earn more than ₹2.4 Lakhs per year, and the top 1% earn over ₹2.4 Lakhs per year. Back Office 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 4 Cholamandalam Investment & Finance employees in India.

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

The estimated take-home salary of a Back Office Associate at Cholamandalam Investment & Finance in Chennai typically ranges from ₹13,856 to ₹15,325 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹2.4 Lakhs per year for employees with experience ranging from 1 year to 4 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 4 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 Back Office Associate in India?

Wipro	₹3.3 Lakhs to ₹3.8 Lakhs per year
IDBI Bank	₹2.8 Lakhs to ₹3.5 Lakhs per year
Royal Sundaram General Insurance	₹1.6 Lakhs to ₹3.5 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 Back Office Associate in companies similar to Cholamandalam Investment & Finance in Chennai?

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

Tech Mahindra	₹1.0 Lakhs to ₹2.2 Lakhs per year
CAMS	₹1.0 Lakhs to ₹2.0 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 Back Office Associate at Cholamandalam Investment & Finance in Chennai?

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

Experience	Average Salary Range
1 year	₹1.9 Lakhs to ₹2.5 Lakhs per year
2 years	₹1.2 Lakhs to ₹1.6 Lakhs per year
3 years	₹1.9 Lakhs to ₹2.5 Lakhs per year
4 years	₹2.2 Lakhs to ₹2.8 Lakhs per year

and so on.

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Cholamandalam Investment & Finance Back Office Associate Salaries in Chennai

Cholamandalam Investment & Finance Back Office Associate salary in Chennai ranges between ₹1.4 Lakh to ₹2.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Cholamandalam Investment & Finance latest salaries received from various employees of Cholamandalam Investment & Finance.