Cholamandalam Investment & Finance Credit Associate Salaries by 4 Employees (Updated 2024)

0 - 7 years exp.

₹2.1 Lakhs - ₹3.3 Lakhs

Low Confidence

Salary of majority employees

38% less than the average Credit Associate Salary in Financial Services Companies for 0 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Associate Salary 5 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.6 L/yr
Customer Success, Service & Operations Credit Associate Salary Fresher (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.6 L/yr
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Finance & Accounting Credit Associate Salary 1 year exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.3 L/yr

Last Updated: 19 Aug 2023

Companies similar to Cholamandalam Investment & Finance for Credit Associate

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Credit Associate Salary 3 - 7 years exp. (4 salaries)	₹1.2 L/yr - ₹5 L/yr 10% less
Mahindra Finance Credit Associate Salary 0 - 3 years exp. (8 salaries)	₹1.1 L/yr - ₹3 L/yr 28% less
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Tata Capital Credit Associate Salary 2 - 4 years exp. (4 salaries)	₹2 L/yr - ₹2.5 L/yr 12% less
Aditya Birla Capital Credit Associate Salary 0 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹3 L/yr 4% more
Muthoot Finance Credit Associate Salary 3 - 5 years exp. (5 salaries)	₹2.9 L/yr - ₹3.1 L/yr 16% more
JPMorgan Chase & Co. Credit Associate Salary 2 - 5 years exp. (25 salaries)	₹18 L/yr - ₹36 L/yr 989% more	1 job opening
HSBC Group Credit Associate Salary 2 - 5 years exp. (10 salaries)	₹8.1 L/yr - ₹20 L/yr 480% more
Wells Fargo Credit Associate Salary 3 - 6 years exp. (4 salaries)	₹12.5 L/yr - ₹13.7 L/yr 410% more
BNP Paribas Credit Associate Salary 5 - 6 years exp. (4 salaries)	₹24 L/yr - ₹25.5 L/yr 855% more
Morgan Stanley Credit Associate Salary 4 - 6 years exp. (3 salaries)	₹20.3 L/yr - ₹1.9 Cr/yr 5046% more

Credit Associate salary at Cholamandalam Investment & Finance ranges between ₹2.1 Lakhs to ₹3.3 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Cholamandalam Investment & Finance.

Experience wise Cholamandalam Investment & Finance Credit Associate salaries

Last Updated: 19 Aug 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.4 L/yr
1 year (AmbitionBox Estimate)	₹2.1 L/yr - ₹4.1 L/yr
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2 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
5 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.3 L/yr
6 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
7 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹5.5 L/yr

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Salary related reviews for Cholamandalam Investment & Finance

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.

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.

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.

Branch Credit Operations Manager in Panipat

Full Time

Finance & Accounting Department

2.0

• posted on 26 Sep 2024

5.0

for Salary and Benefits

Likes

The only good thing about my tenor in chola was good salary, they will pay you handsomely if you are working good enough . You will learn how to manage and micromanage your team

Dislikes

Work life balance is pathetic, you have to start your day early and the day will never come to an end. Continuous con calls even if you are on leave officially.

Area Credit Manager in Barwani

Full Time

Finance & Accounting Department

4.0

• posted on 01 Sep 2024

5.0

for Salary and Benefits

Likes

Friendly nature with seniors and employes .Good salary benifits and incentive structure. Skill development and time to time learning module.

Dislikes

Office work timing not fixed. We have not sufficient time for family

Assistant Manager in Chennai

Full Time

Finance & Accounting Department

3.0

• posted on 04 Aug 2024

1.0

for Salary and Benefits

Likes

Working environment, its almost like your college

Dislikes

Salary and appraisals are very works in some teams they should develop there strategy too... I was wondering that the managers are educated or what?... They didn't even have a brain,size of sparrow's brain, common sense and all

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Cholamandalam Investment & Finance Credit Associate Salary FAQs

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

Credit Associate salary at Cholamandalam Investment & Finance in India ranges between ₹2.1 Lakhs to ₹3.3 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 38% less than the average Credit Associate Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Cholamandalam Investment & Finance India.

How does the salary of a Credit Associate at Cholamandalam Investment & Finance India compare with the average salary range for this job?

The average salary of a Credit Associate at Cholamandalam Investment & Finance is 38% less than the average salary of a Credit Associate in India. To know exact salary insights, login to view.

Which similar companies are paying more than Cholamandalam Investment & Finance to a Credit Associate in India?

Morgan Stanley Credit Associate Salary - ₹20.3 Lakhs to ₹190.0 Lakhs per year
JPMorgan Chase & Co. Credit Associate Salary - ₹18.0 Lakhs to ₹36.0 Lakhs per year
BNP Paribas Credit Associate Salary - ₹24.0 Lakhs to ₹25.5 Lakhs per year
HSBC Group Credit Associate Salary - ₹8.1 Lakhs to ₹20.0 Lakhs per year
Wells Fargo Credit Associate Salary - ₹12.5 Lakhs to ₹13.7 Lakhs per year

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

Muthoot Finance Credit Associate Salary - ₹2.9 Lakhs to ₹3.1 Lakhs per year
Aditya Birla Capital Credit Associate Salary - ₹2.2 Lakhs to ₹3.0 Lakhs per year
HDFC Bank Credit Associate Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
Tata Capital Credit Associate Salary - ₹2.0 Lakhs to ₹2.5 Lakhs per year
Mahindra Finance Credit Associate Salary - ₹1.1 Lakhs to ₹3.0 Lakhs per year

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

The estimated take-home salary of a Credit Associate at Cholamandalam Investment & Finance ranges between ₹18,230 per month to ₹19,920 per month in India. The take-home salary calculation is based on the average Cholamandalam Investment & Finance Credit Associate salary in India which ranges between ₹2.1 Lakhs to ₹3.3 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

What is the notice period for Credit Associate at Cholamandalam Investment & Finance?

According to AmbitionBox, 50% of the Cholamandalam Investment & Finance Credit Associates reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Cholamandalam Investment & Finance Credit Associate Salaries

Cholamandalam Investment & Finance Credit Associate salary in India ranges between ₹2.1 Lakhs to ₹3.3 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.