Empower Retirement Transaction Processing Specialist Salaries by 10 Employees

2 - 6 years exp.

₹3.8 Lakhs - ₹4.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

11% less than the average Transaction Processing Specialist Salary in Financial Services Companies for 2 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations Transaction Processing Specialist Salary 2 - 5 years exp. (6 salaries)	₹3.8 L/yr - ₹4.5 L/yr
BFSI, Investments & Trading Transaction Processing Specialist Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.2 L/yr
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Finance & Accounting Transaction Processing Specialist Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹4.5 L/yr

Last Updated: 13 Aug 2023

Companies similar to Empower Retirement for Transaction Processing Specialist

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Transaction Processing Specialist Salary 1 - 7 years exp. (110 salaries)	₹2.4 L/yr - ₹8.5 L/yr 23% more
Conduent Transaction Processing Specialist Salary 3 - 8 years exp. (73 salaries)	₹2.3 L/yr - ₹4.1 L/yr 20% less
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Accenture Transaction Processing Specialist Salary 2 - 11 years exp. (51 salaries)	₹2.4 L/yr - ₹10.5 L/yr 46% more
Empower Transaction Processing Specialist Salary 3 - 6 years exp. (7 salaries)	₹3.8 L/yr - ₹4.9 L/yr 7% more
Mphasis Transaction Processing Specialist Salary 1 - 3 years exp. (6 salaries)	₹2.3 L/yr - ₹2.6 L/yr 42% less

Transaction Processing Specialist salary at Empower Retirement ranges between ₹3.8 Lakhs to ₹4.5 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 10 latest salaries received from various employees of Empower Retirement .

Latest annual salaries shared by Empower Retirement Transaction Processing Specialist

1y ago

₹4.5 Lakhs

3 years exp.

1y ago

₹3.8 Lakhs

3 years exp.

1y ago

₹3.8 Lakhs

3 years exp.

1y ago

₹4.1 Lakhs

4 years exp.

1y ago

₹4.4 Lakhs

5 years exp.

1y ago

4 years exp.

1y ago

5 years exp.

1y ago

2 years exp.

1y ago

4 years exp.

1y ago

6 years exp.

Experience wise Empower Retirement Transaction Processing Specialist salaries

Last Updated: 13 Aug 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹4 L/yr - ₹7.3 L/yr
3 years (3 salaries)	₹3.8 L/yr - ₹4.5 L/yr
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4 years (3 salaries)	₹4 L/yr - ₹7.6 L/yr
5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.5 L/yr

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₹5.4 L/yr - ₹12.5 L/yr

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₹4 L/yr - ₹6.5 L/yr

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₹6 L/yr - ₹17 L/yr

Process Associate Salary

(16 salaries)

₹3 L/yr - ₹4.4 L/yr

Finance Executive Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Senior Associate Salary

(25 salaries)

₹4.1 L/yr - ₹7.15 L/yr

Associate Analyst Salary

(19 salaries)

₹2.4 L/yr - ₹5.4 L/yr

Senior Analyst Salary

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₹6.06 L/yr - ₹19.49 L/yr

Salary related reviews for Empower Retirement

Compliance Analyst in Bangalore / Bengaluru

Full Time

Risk Management & Compliance Department

4.0

• posted on 01 May 2023

5.0

for Salary and Benefits

Likes

Salary, benifits, appraisals and promotions. Shift timing.

Salary - Excellent

+4 more

Dislikes

Unpaid overtimes. Unplanned/unscientific targets. High work pressure. Minimum 3hours overtime a day. Saturday and Sunday's are fixed off for name sake but in real we need to forget weekends.

Work-life balance - Poor

Software Engineer (working remotely)

Full Time

Engineering - Software & QA Department

3.0

• posted on 07 Oct 2024

2.0

for Salary and Benefits

Likes

Good work specially related to tech modernization and cloud related.

Skill development - Good

+2 more

Dislikes

... all these to support legacy flow and applications. This is somewhat a downside. Other than that pay is below industry structure. People working of a lesser pay than what they can easily get outside.

Salary - Poor

Assistant Manager/Manager-(Nontechnical) in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 01 May 2021

4.0

for Salary and Benefits

Likes

Donot have much work pressure so you can focus on your personal life too. Good compensation and benefits provided by company.

Salary - Good

+2 more

Dislikes

Lot of existing internal promoted manager are not grommed and lack in managerial skills. They got promotion on basis of there tenure in company.

Skill development - Bad

+3 more

Specialist IT Service Center in Bangalore / Bengaluru

Full Time

IT & Information Security Department

3.0

• posted on 27 Jul 2023

4.0

for Salary and Benefits

Likes

As a company Empower is good with benefits, decent yearly appraisal and bonus. Free food, health insurance and cab facility.

Salary - Good

+1 more

Dislikes

Politics is too much within the team (this happens in most of the corporates). Performance is not the step for promotion or good hike, you have to be your managers favourite. You can't expect to be moving to a different team or position as IJP's are already fixed to your favourite person.

Skill development - Bad

+1 more

Customer Service Representative (working remotely)

Participant Services Department

2.0

• posted on 25 Oct 2022

3.0

for Salary and Benefits

Likes

Benefits and pay is okay.

Work-life balance - Good

Dislikes

Dealing with rightfully angry customers all day. Nobody in the company has any urgency to improve things. Everything is badly micromanaged. The metrics they set are absurd. Not really in the those metrics are hard to obtain but in the way like “how is this your priority?” Management and seasoned professionals are not very knowledgeable or passionate.

Skill development - Poor

+3 more

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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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Empower Retirement Transaction Processing Specialist Salary FAQs

What is the salary of Transaction Processing Specialist at Empower Retirement ?

The average salary of a Transaction Processing Specialist at Empower Retirement in India typically ranges from ₹3.8 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Transaction Processing Specialist at Empower Retirement earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Transaction Processing Specialist Salaries at Empower Retirement 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 10 Empower Retirement employees in India.

What is the estimated take home salary of a Transaction Processing Specialist at Empower Retirement in India?

The estimated take-home salary of a Transaction Processing Specialist at Empower Retirement in India typically ranges from ₹31,096 to ₹32,394 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 2 years to 6 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 10 salaries received from various employees of Empower Retirement . Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Empower Retirement for Transaction Processing Specialist in India?

Accenture	₹2.4 Lakhs to ₹10.5 Lakhs per year
JPMorgan Chase & Co.	₹2.4 Lakhs to ₹8.5 Lakhs per year
Empower	₹3.8 Lakhs to ₹4.9 Lakhs per year

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

What is the salary of a Transaction Processing Specialist in companies similar to Empower Retirement in India?

The salary of a Transaction Processing Specialist at companies similar to Empower Retirement in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Conduent	₹2.3 Lakhs to ₹4.1 Lakhs per year
Mphasis	₹2.3 Lakhs to ₹2.6 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 Transaction Processing Specialist at Empower Retirement in India?

The salary growth for a Transaction Processing Specialist at Empower Retirement depends on factors such as experience, performance, and promotions. On average, a Transaction Processing Specialist can expect the following growth trajectory at Empower Retirement :

Experience	Average Salary Range
2 years	₹4.0 Lakhs to ₹7.3 Lakhs per year
3 years	₹3.8 Lakhs to ₹4.5 Lakhs per year
4 years	₹4.0 Lakhs to ₹7.6 Lakhs per year
5 years	₹4.2 Lakhs to ₹4.4 Lakhs per year

and so on.

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Empower Retirement Transaction Processing Specialist Salaries

Empower Retirement Transaction Processing Specialist salary in India ranges between ₹3.8 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Empower Retirement latest salaries received from various employees of Empower Retirement .