Cholamandalam Securities Cluster Manager Salaries by 7 Employees (Updated 2025)

5 - 15 years exp.

₹9.8 Lakhs - ₹13.3 Lakhs

Low Confidence

Salary of majority employees

20% more than the average Cluster Manager Salary in Investment Banking / Venture Capital / Private Equity Companies for 5 - 15 years of experience

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Salaries in different departments

Sales & Business Development Cluster Manager Salary 8 - 15 years exp. (4 salaries)	₹9.9 L/yr - ₹13.3 L/yr
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BFSI, Investments & Trading Cluster Manager Salary 8 - 10 years exp. (AmbitionBox Estimate)	₹9.8 L/yr - ₹11 L/yr

Last Updated: 13 Feb 2025

Companies similar to Cholamandalam Securities for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
Reliance Retail Cluster Manager Salary 8 - 20 years exp. (320 salaries)	₹5 L/yr - ₹20 L/yr 6% more
Bajaj Finserv Cluster Manager Salary 5 - 13 years exp. (303 salaries)	₹8 L/yr - ₹28 L/yr 74% more
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HDFC Life Cluster Manager Salary 5 - 17 years exp. (283 salaries)	₹5 L/yr - ₹12 L/yr 18% less	1 job opening
Bajaj Finance Cluster Manager Salary 5 - 14 years exp. (257 salaries)	₹8.2 L/yr - ₹29.5 L/yr 77% more	108 job openings
Care Health Insurance Cluster Manager Salary 3 - 12 years exp. (238 salaries)	₹2.4 L/yr - ₹7.7 L/yr 61% less

Cluster Manager salary at Cholamandalam Securities ranges between ₹9.8 Lakhs to ₹13.3 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 7 latest salaries received from various employees of Cholamandalam Securities.

Experience wise Cholamandalam Securities Cluster Manager salaries

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹9.8 L/yr
6 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
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7 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
8 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹18.6 L/yr
9 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.3 L/yr
10 years (AmbitionBox Estimate)	₹11 L/yr - ₹19.9 L/yr
11 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.1 L/yr
12 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.5 L/yr
13 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹13.3 L/yr
14 years (AmbitionBox Estimate)	₹12.3 L/yr - ₹22.4 L/yr
15+ years (AmbitionBox Estimate)	₹12.3 L/yr - ₹23 L/yr

View all

Similar Designation salaries in Cholamandalam Securities

Cluster Head Salary

(7 salaries)

₹7.6 L/yr - ₹12.75 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹15.8 L/yr - ₹20.2 L/yr

Deputy Manager Salary

(3 salaries)

₹3.1 L/yr - ₹9 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹6.1 L/yr - ₹7.8 L/yr

Sales Manager Salary

(7 salaries)

₹3.5 L/yr - ₹4 L/yr

Branch Manager Salary

(11 salaries)

₹5.6 L/yr - ₹9 L/yr

Area Sales Manager Salary

(4 salaries)

₹6.5 L/yr - ₹15 L/yr

Relationship Manager Salary

(26 salaries)

₹2.6 L/yr - ₹7.5 L/yr

Area Business Manager Salary

(8 salaries)

₹8.5 L/yr - ₹12 L/yr

Sales Officer Salary

(6 salaries)

₹2 L/yr - ₹3.28 L/yr

Salary related reviews for Cholamandalam Securities

4.0

Rated by 2 employees for salary & benefits

Key Account Manager in Pune

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 13 Jul 2024

1.0

for Salary and Benefits

Likes

Nothing in this company for sure false management false people scamming and making fool out of employees ans coustomer.

Dislikes

Everything about this company as a management trainee they show you a diffrent picture but the ground reality is totally different management is abusive they you mother father as their regular language.

Salary - Bad

+6 more

Branch Manager in Patna

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 14 Jul 2023

5.0

for Salary and Benefits

Likes

I feel very much Gap between Employee and Employer.Threre are no Communication between Employee and Employer.

Salary - Excellent

+1 more

Dislikes

I am not Recommend anyone Join in this organisation specially in Chola Securities Ltd because no one will care your career always keep in dark .

Skill development - Bad

+4 more

Area Business Manager in Indore

Full Time

Sales & Business Development Department

1.0

• posted on 29 Jun 2023

3.0

for Salary and Benefits

Likes

Overall Chola Group is better but Cholamandalam Securities verticle is worst.

Dislikes

This verticle is worst, no body want to listen, they have no proper system, If any problem in Business Development & you will inform to senior authorities but there will no solution. Only Employees harrasment.

Skill development - Bad

+5 more

Branch Head in Chennai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 02 Jul 2022

3.0

for Salary and Benefits

Likes

Total Politics Organization. we cant explore anything there, all are vintage people with zero knowledge. If we show our performance through experience, they only thing they do is fireup... I Worked with Motilal oswal for 5 years as an sales manager prior to join Chola, In MO the recognize only through our performance and our MIS Speaks... Here in Chola all are vintage people working in same company, if we try to correct something is wrong they will digest they only thing they do fireup in root itself, otherwise their job will be in suffer. The Pathitic part is even HR and Compliance department work with influence.

Dislikes

Fully Politics, If you see the top hirachy all are 10+ experience from same organization. you cannot find more then 1% in top level, that 1% is also because of they learn and keep themselves deaf and dump for their survival...

Skill development - Bad

+5 more

Manager - Operations Head in Chennai

Full Time

Finance & Accounting Department

3.0

• posted on 03 Sep 2017

5.0

for Salary and Benefits

Likes

Company is very good and dedicated staffs are required across all functions.

Salary - Excellent

+5 more

Dislikes

People's are not having complete knowledge in wealth management operations and depends with others. No discipline and punctuality etc.

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Salary Discussions, Hike & Promotions

a manager - business analyst

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 Securities Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Cholamandalam Securities ?

The average salary of a Cluster Manager at Cholamandalam Securities in India typically ranges from ₹9.8 Lakhs to ₹13.3 Lakhs per year, depending on experience (from 5 years to 15 years).

The top 10% of Cluster Manager at Cholamandalam Securities earn more than ₹13.1 Lakhs per year, and the top 1% earn over ₹13.3 Lakhs per year. Cluster Manager Salaries at Cholamandalam Securities 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 7 Cholamandalam Securities employees in India.

What is the estimated take home salary of a Cluster Manager at Cholamandalam Securities in India?

The estimated take-home salary of a Cluster Manager at Cholamandalam Securities in India typically ranges from ₹79,443 to ₹81,509 per month. This is based on the average salary range of ₹9.8 Lakhs to ₹13.3 Lakhs per year for employees with experience ranging from 5 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 7 salaries received from various employees of Cholamandalam Securities. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Cholamandalam Securities for Cluster Manager in India?

Bajaj Finance	₹8.2 Lakhs to ₹29.5 Lakhs per year
Bajaj Finserv	₹8.0 Lakhs to ₹28.0 Lakhs per year
Reliance Retail	₹5.0 Lakhs to ₹20.0 Lakhs per year

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

What is the salary of a Cluster Manager in companies similar to Cholamandalam Securities in India?

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

HDFC Life	₹5.0 Lakhs to ₹12.0 Lakhs per year
Care Health Insurance	₹2.4 Lakhs to ₹7.7 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 Securities in India?

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

Experience	Average Salary Range
5 years	₹9.8 Lakhs to ₹9.8 Lakhs per year
6 years	₹8.8 Lakhs to ₹11.3 Lakhs per year
7 years	₹9.0 Lakhs to ₹11.5 Lakhs per year
8 years	₹9.8 Lakhs to ₹18.6 Lakhs per year

and so on.

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Cholamandalam Securities Cluster Manager Salaries

Cholamandalam Securities Cluster Manager salary in India ranges between ₹9.8 Lakhs to ₹13.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Cholamandalam Securities latest salaries received from various employees of Cholamandalam Securities.