First Solution Management Services Collection Associate Salaries by 5 Employees (Updated 2025)

2 - 5 years exp.

₹2 Lakhs - ₹2.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

27% less than the average Collection Associate Salary in Recruitment Companies for 2 - 5 years of experience

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Salaries in different departments

Customer Success, Service & Operations Collection Associate Salary 2 - 5 years exp. (4 salaries)	₹2 L/yr - ₹2.5 L/yr
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Sales & Business Development Collection Associate Salary 5 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 6 Apr 2025

Companies similar to First Solution Management Services for Collection Associate

Company name	Avg Annual Salary	Open Jobs
Randstad Collection Associate Salary 1 - 6 years exp. (3 salaries)	₹3.3 L/yr - ₹4.8 L/yr 83% more
HDB Financial Services Collection Associate Salary 0 - 12 years exp. (343 salaries)	₹1.7 L/yr - ₹4.7 L/yr 39% more	6 job openings
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Vivifi India Finance Collection Associate Salary 0 - 3 years exp. (166 salaries)	₹2.2 L/yr - ₹3.8 L/yr 27% more
DCB Bank Collection Associate Salary 3 - 9 years exp. (53 salaries)	₹2.2 L/yr - ₹4.3 L/yr 44% more
Home Credit Finance Collection Associate Salary 1 - 7 years exp. (32 salaries)	₹1.4 L/yr - ₹3.5 L/yr 9% more

Collection Associate salary at First Solution Management Services ranges between ₹2 Lakhs to ₹2.5 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 5 latest salaries received from various employees of First Solution Management Services.

Experience wise First Solution Management Services Collection Associate salaries

Last Updated: 6 Apr 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
3 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
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4 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr
5 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr

Salary related reviews for First Solution Management Services

Collection Officer

Other Department

1.0

• posted on 12 Jun 2019

1.0

for Salary and Benefits

Likes

The team I work with is great. No training environment. Security of the job is not there considering that the higher management always do power tripping. No career growth. Salary/appraisal is not good - even if you’re a performer. Work environment is not good. Manager always push for an over time (note it’s unpaid). Since it’s a collection department even during ramadan I remembered being asked for an overtime. Work life balance doesn’t exist in this company at all! What they need is a robot

Dislikes

As per above

Salary - Bad

+6 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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First Solution Management Services Collection Associate Salary FAQs

What is the salary of Collection Associate at First Solution Management Services ?

The average salary of a Collection Associate at First Solution Management Services in India typically ranges from ₹2.0 Lakhs to ₹2.5 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of Collection Associate at First Solution Management Services earn more than ₹2.5 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Collection Associate Salaries at First Solution Management Services 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 5 First Solution Management Services employees in India.

What is the estimated take home salary of a Collection Associate at First Solution Management Services in India?

The estimated take-home salary of a Collection Associate at First Solution Management Services in India typically ranges from ₹15,829 to ₹17,468 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from 2 years to 5 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 5 salaries received from various employees of First Solution Management Services. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than First Solution Management Services for Collection Associate in India?

Randstad	₹3.3 Lakhs to ₹4.8 Lakhs per year
DCB Bank	₹2.2 Lakhs to ₹4.3 Lakhs per year
HDB Financial Services	₹1.7 Lakhs to ₹4.7 Lakhs per year
Vivifi India Finance	₹2.2 Lakhs to ₹3.8 Lakhs per year
Home Credit Finance	₹1.4 Lakhs to ₹3.5 Lakhs per year

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

How the salary growth look like for a Collection Associate at First Solution Management Services in India?

The salary growth for a Collection Associate at First Solution Management Services depends on factors such as experience, performance, and promotions. On average, a Collection Associate can expect the following growth trajectory at First Solution Management Services:

Experience	Average Salary Range
2 years	₹2.0 Lakhs to ₹2.6 Lakhs per year
3 years	₹2.0 Lakhs to ₹2.6 Lakhs per year
4 years	₹2.1 Lakhs to ₹2.6 Lakhs per year
5 years	₹2.1 Lakhs to ₹2.7 Lakhs per year

and so on.

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First Solution Management Services Collection Associate Salaries

First Solution Management Services Collection Associate salary in India ranges between ₹2 Lakhs to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 First Solution Management Services latest salaries received from various employees of First Solution Management Services.

First Solution Management Services Collection Associate salaries in India (Updated 2025)