Cholamandalam MS General Insurance Mumbai Management Trainee Salaries by 3 Employees

0 - 1 year exp.

₹3.5 Lakhs - ₹5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

50% less than the average Management Trainee Salary in Insurance Companies for 0 - 1 year of experience

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Salaries in different departments

BFSI, Investments & Trading Management Trainee Salary 1 year exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.8 L/yr
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Finance & Accounting Management Trainee Salary Fresher (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.6 L/yr

Last Updated: 14 Mar 2023

Companies similar to Cholamandalam MS General Insurance for Management Trainee in Mumbai

Cholamandalam MS General Insurance Management Trainee Salary

0 - 1 year exp. (3 salaries)

₹3.5 L/yr - ₹5 L/yr

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Star Union Dai-ichi Life Insurance Management Trainee Salary 0 - 2 years exp. (12 salaries)	₹4.5 L/yr - ₹19 L/yr 143% more
Bajaj Allianz Life Insurance Management Trainee Salary 0 - 4 years exp. (10 salaries)	₹4 L/yr - ₹8.3 L/yr 49% more
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SBI General Insurance Management Trainee Salary 1 - 4 years exp. (6 salaries)	₹9 L/yr - ₹10 L/yr 109% more
Aditya Birla Health Insurance Co Management Trainee Salary 0 - 1 year exp. (6 salaries)	₹7.4 L/yr - ₹12 L/yr 64% more
Magma HDI General Insurance Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹6 L/yr - ₹8 L/yr 38% more
Bharti AXA Life Insurance Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹0.6 L/yr - ₹10 L/yr 19% more
IndiaFirst Life Insurance Management Trainee Salary 0 - 5 years exp. (4 salaries)	₹10 L/yr - ₹12.5 L/yr 130% more
Shriram General Insurance Management Trainee Salary 0 - 2 years exp. (4 salaries)	₹4.7 L/yr - ₹7 L/yr 17% more
Universal Sompo General Insurance Management Trainee Salary 0 - 1 year exp. (4 salaries)	₹5 L/yr - ₹7 L/yr 17% more
Axis Max Life Insurance Management Trainee Salary 2 - 4 years exp. (3 salaries)	₹21.2 L/yr - ₹22 L/yr 360% more
Future Generali India Life Insurance Management Trainee Salary 0 - 1 year exp. (3 salaries)	₹3.4 L/yr - ₹9.9 L/yr 82% more
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Management Trainee salary at Cholamandalam MS General Insurance ranges between ₹3.5 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 3 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Management Trainee salaries in Mumbai

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
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1 year (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr

Similar Designation salaries in Cholamandalam MS General Insurance

Deputy Manager Salary

(10 salaries)

₹5.6 L/yr - ₹11 L/yr

Salary related reviews for Cholamandalam MS General Insurance

3.0

Rated by 1 employees for salary & benefits

Deputy Manager in Chennai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 15 Feb 2022

3.0

for Salary and Benefits

Likes

The company provides a very high job security and you would never face any delays in salary. The leaves offered by the company are also good in comparison to other companies.

Job security - Excellent

Dislikes

The companies culture is not meant for youngsters or people who wants to work in a challenging and learning environment. A lot of People in this company are working since 10-15 years and have a very rigid mentality and approach towards work. The gowth trajectory is very slow and the learning curve is also flat.

Skill development - Bad

+4 more

Area Manager in Bikaner

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 20 Nov 2024

3.0

for Salary and Benefits

Likes

Good company. Having Employee friendly. Happy to work here...

Skill development - Excellent

+5 more

Dislikes

Only In company promotion you can't get salary hike as you deserved . Some of the points your salary is laser then your colleagues and team.

Sales Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 07 Aug 2023

3.0

for Salary and Benefits

Likes

Nothing

Dislikes

Appraisals are terrible here even if achieved 275% of ytd target they increase only 7% of salary..no personal life teams meeting every now and then infact after working hours also, continue warning of termination if you fail to achieve daily numbers

Promotions - Bad

+3 more

Agency Manager in Ahmednagar

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 06 Jan 2023

2.0

for Salary and Benefits

Likes

Murugappa group is a very big group, One of them is Chola General Insurance. Salary is good in the company.

Dislikes

The company has a great name, but the company's senior front-line executives are not doing well in support.. The company does not use today's technology in the work.

Salary - Poor

+3 more

Area Head in Pune

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 17 Jan 2023

5.0

for Salary and Benefits

Likes

...nts like tata, icici, Hdfc far better. No stress and dirty internal politics. Variables pay also high as compare to mention company.

Salary - Excellent

+6 more

Dislikes

weekly 1 off, need to change in 5 day working week.

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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 MS General Insurance Management Trainee Salary FAQs

How the salary growth look like for a Management Trainee at Cholamandalam MS General Insurance in Mumbai?

The salary growth for a Management Trainee at Cholamandalam MS General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Management Trainee in Mumbai can expect the following growth trajectory at Cholamandalam MS General Insurance:

Experience	Average Salary Range
Fresher	₹4.5 Lakhs to ₹5.8 Lakhs per year
1 year	₹4.2 Lakhs to ₹5.3 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Management Trainee Salaries in Mumbai

Cholamandalam MS General Insurance Management Trainee salary in Mumbai ranges between ₹3.5 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.