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SMFG India Credit Manager M1 salaries in Mumbai (Updated 2025)

Annual salary range
2 - 12 years exp.
₹6.5 Lakhs - ₹15 Lakhs
Salary of majority employees
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At par with the average Manager M1 Salary in NBFC Companies for 2 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager M1 Salary
2 - 12 years exp. (7 salaries)
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₹8 L/yr - ₹13.5 L/yr

Customer Success, Service & Operations
Manager M1 Salary
8 - 11 years exp. (4 salaries)
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₹8.5 L/yr - ₹11.1 L/yr

Sales & Business Development
Manager M1 Salary
5 years exp. (AmbitionBox Estimate)
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₹12 L/yr - ₹15 L/yr

Last Updated: 23 Feb 2025

Companies similar to SMFG India Credit for Manager M1 in Mumbai

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SMFG India Credit Manager M1 Salary

2 - 12 years exp. (14 salaries)

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₹6.5 L/yr - ₹15 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Mahindra Finance Manager M1 Salary

15 - 17 years exp. (3 salaries)

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₹10 L/yr - ₹14 L/yr

arrow icon 11% more
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ICICI Bank Manager M1 Salary

1 - 17 years exp. (509 salaries)

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₹4.5 L/yr - ₹15 L/yr

arrow icon 4% less
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ICICI Securities Manager M1 Salary

4 - 10 years exp. (27 salaries)

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₹4.3 L/yr - ₹9 L/yr

arrow icon 42% less
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Capgemini Manager M1 Salary

10 - 17 years exp. (26 salaries)

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₹9.4 L/yr - ₹24 L/yr

arrow icon 32% more
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₹6 L/yr - ₹9.5 L/yr

arrow icon 33% less
Manager M1 salary at SMFG India Credit ranges between ₹6.5 Lakhs to ₹15 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 14 latest salaries received from various employees of SMFG India Credit.

Latest annual salaries shared by SMFG India Credit Manager M1 in Mumbai

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12 years exp.
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7 years exp.
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10 years exp.
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5 years exp.
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2 years exp.
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9 years exp.
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12 years exp.
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8 years exp.
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11 years exp.
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6 years exp.

Experience wise SMFG India Credit Manager M1 salaries in Mumbai

Last Updated: 23 Feb 2025

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹4.8 L/yr - ₹13.5 L/yr
3 years (AmbitionBox Estimate)

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₹10.7 L/yr - ₹13.7 L/yr
4 years (AmbitionBox Estimate)

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₹10.6 L/yr - ₹13.6 L/yr
5 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹15 L/yr
6 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹12 L/yr
View all

Similar Designation salaries in SMFG India Credit

Team Lead Salary
(18 salaries)
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₹3.2 L/yr - ₹6 L/yr
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₹8.6 L/yr - ₹27 L/yr

Salary related reviews for SMFG India Credit

4.0

Rated by 1 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 25 Apr 2022

5.0
 for  Salary and Benefits

Likes

..., Learning Various Products and Policy. Good Friendly Natural of Company Senior. Best Pay Scale in industry.

read more
  • Salary - Excellent
  • +6 more

Dislikes

Only system issues and software not working properly. IT issue.

Full Time

 · 

Human Resources Department

3.0
  •  posted on 02 May 2021

1.0
 for  Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive

  • Job security - Excellent
  • +1 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is below decent & career growth is slow. Even during lockdown we worked from home using our personal computer and internet they didn't even give compensation instead reduced our appraisal bonus as 60% and increment as only 6%

read more
  • Salary - Bad
  • +3 more

Customer Success, Service & Operations Department

4.0
  •  posted on 26 May 2022

3.0
 for  Salary and Benefits

Likes

...rent learning skills we get not only one same work. Teammates are supportive. About Dislikes - I had worked over 3yrs, but no increment, no bonus, no incentive and all. Only work that's it.

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  • Skill development - Excellent
  • +5 more

Dislikes

I had worked over 3yrs, but no increment, no bonus, no overtime extra money, no incentive and all. Only work

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Customer Success, Service & Operations Department

4.0
  •  posted on 23 Jul 2021

4.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Good
  • +6 more

Dislikes

...ot okThere is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

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BFSI, Investments & Trading Department

4.0
  •  posted on 03 Apr 2021

4.0
 for  Salary and Benefits

Likes

Good work environment. Seniors are supportive. HR policies also good. Salaries and bonus are good compare to other NBFC.

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  • Salary - Good
  • +3 more

Dislikes

Work life balance is not applicable here. 30 days are working and a lot off target pressure. Dont have any training and help how to achieve assigned targets.

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  • Skill development - Poor
  • +1 more
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SMFG India Credit Manager M1 Salary FAQs

What is the salary of Manager M1 at SMFG India Credit in Mumbai?
The average salary of a Manager M1 at SMFG India Credit in Mumbai typically ranges from ₹6.5 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 2 years to 12 years).

The top 10% of Manager M1 in Mumbai at SMFG India Credit earn more than ₹13.7 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Manager M1 Salaries at SMFG India Credit 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+ SMFG India Credit employees in India.
What is the estimated take home salary of a Manager M1 at SMFG India Credit in Mumbai?
The estimated take-home salary of a Manager M1 at SMFG India Credit in Mumbai typically ranges from ₹81,212 to ₹83,329 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 2 years to 12 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 SMFG India Credit. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than SMFG India Credit for Manager M1 in India?
Capgemini ₹9.4 Lakhs to ₹24.0 Lakhs per year
Mahindra Finance ₹10.0 Lakhs to ₹14.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SMFG India Credit, depending on the role and experience level.
What is the salary of a Manager M1 in companies similar to SMFG India Credit in Mumbai?
The salary of a Manager M1 at companies similar to SMFG India Credit in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank ₹4.5 Lakhs to ₹15.0 Lakhs per year
ICICI Prudential Life Insurance ₹6.0 Lakhs to ₹9.5 Lakhs per year
ICICI Securities ₹4.3 Lakhs to ₹9.0 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 Manager M1 at SMFG India Credit in Mumbai?
The salary growth for a Manager M1 at SMFG India Credit in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager M1 in Mumbai can expect the following growth trajectory at SMFG India Credit:

Experience Average Salary Range
2 years ₹4.8 Lakhs to ₹13.5 Lakhs per year
3 years ₹10.7 Lakhs to ₹13.7 Lakhs per year
4 years ₹10.6 Lakhs to ₹13.6 Lakhs per year
5 years ₹4.7 Lakhs to ₹15.0 Lakhs per year
and so on.

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SMFG India Credit Manager M1 salary in Mumbai ranges between ₹6.5 Lakhs to ₹15 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 14 SMFG India Credit latest salaries received from various employees of SMFG India Credit.