Cholamandalam Investment & Finance Cluster Manager Salaries by 4 Employees (Updated 2025)

13 - 15 years exp.

₹9.6 Lakhs - ₹13 Lakhs

Low Confidence

Salary of majority employees

Fixed (90%)

₹9.4 Lakhs

Variable (10%)

₹1.0 Lakh

13% more than the average Cluster Manager Salary in Financial Services Companies for 13 - 15 years of experience

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Salaries in different departments

Customer Success, Service & Operations Cluster Manager Salary 14 years exp. (AmbitionBox Estimate)	₹8.9 L/yr - ₹10.9 L/yr
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Marketing & Communication Cluster Manager Salary 15 years exp. (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.5 L/yr

Last Updated: 18 Jan 2025

Companies similar to Cholamandalam Investment & Finance for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finserv Cluster Manager Salary 5 - 14 years exp. (294 salaries)	₹8 L/yr - ₹28 L/yr 82% more
Aditya Birla Capital Cluster Manager Salary 0 - 13 years exp. (175 salaries)	₹5 L/yr - ₹13 L/yr 19% less
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The Muthoot Group Cluster Manager Salary 7 - 18 years exp. (32 salaries)	₹4.2 L/yr - ₹11.5 L/yr 38% less
IDFC FIRST Bharat Cluster Manager Salary 6 - 15 years exp. (31 salaries)	₹4.5 L/yr - ₹13.3 L/yr 14% less
Motilal Oswal Financial Services Cluster Manager Salary 6 - 17 years exp. (29 salaries)	₹4.9 L/yr - ₹15.5 L/yr 3% less
RBL FinServe Cluster Manager Salary 6 - 14 years exp. (5 salaries)	₹7.2 L/yr - ₹9 L/yr 25% less

Cluster Manager salary at Cholamandalam Investment & Finance ranges between ₹9.6 Lakhs to ₹13 Lakhs per year for employees with experience between 13 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Cholamandalam Investment & Finance.

Experience wise Cholamandalam Investment & Finance Cluster Manager salaries

Last Updated: 18 Jan 2025

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹10 L/yr - ₹13 L/yr
14 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹18.7 L/yr
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15+ years (AmbitionBox Estimate)	₹9.6 L/yr - ₹9.6 L/yr

Similar Designation salaries in Cholamandalam Investment & Finance

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(AmbitionBox Estimate)

₹12.6 L/yr - ₹16.1 L/yr

Area Manager Salary

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Deputy Manager Salary

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Business Manager Salary

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₹5 L/yr - ₹10.2 L/yr

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Area Sales Manager Salary

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₹5.72 L/yr - ₹20 L/yr

Top skills at Cholamandalam Investment & Finance for Cluster Manager

channel management broking Wealth Management

Salary related reviews for Cholamandalam Investment & Finance

5.0

Rated by 1 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

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 Sales Officer in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 01 Mar 2024

1.0

for Salary and Benefits

Likes

Only I like in this company is timely incentive and salary .

Dislikes

Work environment worst , full pressure to sell other products if your background is from loan and they will pressurise you to do collection and sell motor insurance, concall from higher level is very terrible 5-6 con call in a day , bosses doesn't support junior level employees always pressurise them no job time they will tell you should work from 9 am in the morning and no time till night . Very bad company.

Salary - Bad

+6 more

Area Sales Manager in Patna

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Jul 2023

3.0

for Salary and Benefits

Likes

Not Very Good But Satisfactory Salary Compensation

Dislikes

No holidays, You have to work all 7 days a week but as per HR attendance system they mark your attendance 5 days rest 2 days (Saturday & Sunday) are weekly off. Working hours starts early morning from 6 am and there is no fixed time to return back to home. Apart from these if you are in recovery department and if your targets were getting short then you will be forced by seniors to get it achieved through you salary.like this there are many more things which are wrong in this organisation specially in Bihar & Jharkhand.

Skill development - Bad

+4 more

Area Sales Manager in Patna

Full Time

Finance & Accounting Department

2.0

• posted on 06 Sep 2023

4.0

for Salary and Benefits

Likes

Salary and perks

Salary - Good

Dislikes

Working 7 days a week No holiday Self funding for reducing NPA Senior talking in abusing language Down the line they treat as slave and people working here for Pvt Gift volunteer and incentive

Skill development - Bad

+5 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Cholamandalam Investment & Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Cholamandalam Investment & Finance ?

The average salary of a Cluster Manager at Cholamandalam Investment & Finance in India typically ranges from ₹9.6 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 13 years to 15 years).

The top 10% of Cluster Manager at Cholamandalam Investment & Finance earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Cluster Manager 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 Cluster Manager at Cholamandalam Investment & Finance in India?

The estimated take-home salary of a Cluster Manager at Cholamandalam Investment & Finance in India typically ranges from ₹75,100 to ₹77,044 per month. This is based on the average salary range of ₹9.6 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 13 years to 15 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.

What are the key skills required to be a Cluster Manager at Cholamandalam Investment & Finance ?

To be a Cluster Manager at Cholamandalam Investment & Finance in india, the key skills required include:

- channel management
- broking
- Wealth Management

These skills are highly valued at Cholamandalam Investment & Finance and are crucial for successful performance in a Software Engineering role.

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

Bajaj Finserv

₹8.0 Lakhs to ₹28.0 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 Cluster Manager in companies similar to Cholamandalam Investment & Finance in India?

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

Motilal Oswal Financial Services	₹4.9 Lakhs to ₹15.5 Lakhs per year
IDFC FIRST Bharat	₹4.5 Lakhs to ₹13.3 Lakhs per year
Aditya Birla Capital	₹5.0 Lakhs to ₹13.0 Lakhs per year
RBL FinServe	₹7.2 Lakhs to ₹9.0 Lakhs per year
The Muthoot Group	₹4.2 Lakhs to ₹11.5 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 Cluster Manager at Cholamandalam Investment & Finance in India?

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

Experience	Average Salary Range
13 years	₹10.0 Lakhs to ₹13.0 Lakhs per year
14 years	₹9.9 Lakhs to ₹18.7 Lakhs per year
15 years	₹9.6 Lakhs to ₹9.6 Lakhs per year

and so on.

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Cholamandalam Investment & Finance Cluster Manager Salaries

Cholamandalam Investment & Finance Cluster Manager salary in India ranges between ₹9.6 Lakhs to ₹13 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.