HDB Financial Services Mumbai Cluster Head Salaries by 4 Employees

12 - 16 years exp.

₹18 Lakhs - ₹23 Lakhs

Avg. annual salary

Monthly In-hand Salary

15% more than the average Cluster Head Salary in NBFC Companies for 12 - 16 years of experience

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Salaries in different departments

Sales & Business Development Cluster Head Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹16.2 L/yr - ₹18 L/yr
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BFSI, Investments & Trading Cluster Head Salary 15 years exp. (AmbitionBox Estimate)	₹15.2 L/yr - ₹21.4 L/yr

Last Updated: 17 Mar 2023

Companies similar to HDB Financial Services for Cluster Head in Mumbai

HDB Financial Services Cluster Head Salary

12 - 16 years exp. (4 salaries)

₹18 L/yr - ₹23 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Cluster Head Salary 4 - 17 years exp. (4 salaries)	₹16 L/yr - ₹19.7 L/yr 3% less
IIFL Finance Cluster Head Salary 11 - 12 years exp. (3 salaries)	₹7.1 L/yr - ₹10.5 L/yr 54% less
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Yes Bank Cluster Head Salary 13 - 23 years exp. (24 salaries)	₹16.8 L/yr - ₹47 L/yr 71% more	2 job openings
YES SECURITIES Cluster Head Salary 6 - 15 years exp. (19 salaries)	₹5.6 L/yr - ₹13 L/yr 49% less
HDFC Bank Cluster Head Salary 10 - 21 years exp. (17 salaries)	₹9.6 L/yr - ₹29 L/yr 26% more

Cluster Head salary at HDB Financial Services ranges between ₹18 Lakhs to ₹23 Lakhs per year for employees with experience between 12 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services Cluster Head salaries in Mumbai

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr
13 years (AmbitionBox Estimate)	₹16.3 L/yr - ₹20.8 L/yr
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14 years (AmbitionBox Estimate)	₹16.3 L/yr - ₹20.9 L/yr
15+ years (AmbitionBox Estimate)	₹16.6 L/yr - ₹21.2 L/yr

Similar Designation salaries in HDB Financial Services

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₹1 L/yr - ₹5 L/yr

Sales Manager Salary

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₹1.85 L/yr - ₹6.5 L/yr

Team Lead Salary

(68 salaries)

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Deputy Manager Salary

(55 salaries)

₹3 L/yr - ₹9.1 L/yr

Cluster Manager Salary

(15 salaries)

₹16 L/yr - ₹21 L/yr

Territory Manager Salary

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Area Manager Salary

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₹7 L/yr - ₹13.5 L/yr

Salary related reviews for HDB Financial Services

1.0

Rated by 1 employees for salary & benefits

Sales Manager in Siwan

Full Time

Sales & Business Development Department

3.0

• posted on 25 Feb 2025

4.0

for Salary and Benefits

Likes

Salary on time, working pressure is average, work - life balance is average.

Salary - Good

+1 more

Dislikes

No co-operate from any seniors. Do self each and every thing. Sales and collection. Target pressure is 100 % but support is 0%. Work starting time is 8.00am ending time not fixed.

Skill development - Poor

+1 more

Senior Sales Officer in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 09 Nov 2024

2.0

for Salary and Benefits

Likes

Job secured for a standard term with lesser business. Overall maximum loans disbursement after login with minimum documentation and -cibil also.

Job security - Good

Dislikes

No Work life balance, poor salary, bad behaviors from managers each and every time,groupism.No thankful behavior for hardwork.

Salary - Poor

+3 more

Senior Sales Officer in Palakkad

Full Time

Sales & Business Development Department

4.0

• posted on 08 Nov 2024

4.0

for Salary and Benefits

Likes

Salary and incentive plans

Salary - Good

+4 more

Dislikes

NEED A PROPER TEAM FOR COLLECTION AND RELPL TELE-CALLING CAN BE SPARED FROM CD DPL OFFICERS. Incentive cuting,i did’t received my onam period incentive even after one month.this is a quite bad thing i felt in the company .i am totally disappointed.i worked so hard in those days for the company.it really sad.

Sales Officer in Barpeta

Full Time

Sales & Business Development Department

5.0

• posted on 01 Nov 2024

5.0

for Salary and Benefits

Likes

Some say that working at HDB Financial Services is a good place to start a career in lending and that they have a good work culture:

Salary - Excellent

+6 more

Dislikes

Some say the salary and growth level are low. No work-life balance: Some say there is no work-life balance.

Sales Manager in Jaipur

Full Time

Finance & Accounting Department

4.0

• posted on 01 Oct 2024

3.0

for Salary and Benefits

Likes

Only salary paid on time

Dislikes

Lot of things Pls remove sales part from HDB it's credit oriented group where only making fun on the basis of sales performance throw hold files without knowing facts in this group sales person are fool only credit is good If credit is good then why set higher target for sales team

Job security - Poor

+1 more

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What people are saying about HDB Financial Services

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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HDB Financial Services Cluster Head Salary FAQs

What is the salary of Cluster Head at HDB Financial Services in Mumbai?

The average salary of a Cluster Head at HDB Financial Services in Mumbai typically ranges from ₹18.0 Lakhs to ₹23.0 Lakhs per year, depending on experience (from 12 years to 16 years).

The top 10% of Cluster Head in Mumbai at HDB Financial Services earn more than ₹23.0 Lakhs per year, and the top 1% earn over ₹23.0 Lakhs per year. Cluster Head Salaries at HDB Financial 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 4 HDB Financial Services employees in India.

What is the estimated take home salary of a Cluster Head at HDB Financial Services in Mumbai?

The estimated take-home salary of a Cluster Head at HDB Financial Services in Mumbai typically ranges from ₹1,22,821 to ₹1,26,454 per month. This is based on the average salary range of ₹18.0 Lakhs to ₹23.0 Lakhs per year for employees with experience ranging from 12 years to 16 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 4 salaries received from various employees of HDB Financial Services. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDB Financial Services for Cluster Head in India?

Yes Bank	₹16.8 Lakhs to ₹47.0 Lakhs per year
HDFC Bank	₹9.6 Lakhs to ₹29.0 Lakhs per year

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

What is the salary of a Cluster Head in companies similar to HDB Financial Services in Mumbai?

The salary of a Cluster Head at companies similar to HDB Financial Services in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Finance	₹16.0 Lakhs to ₹19.7 Lakhs per year
YES SECURITIES	₹5.6 Lakhs to ₹13.0 Lakhs per year
IIFL Finance	₹7.1 Lakhs to ₹10.5 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 Head at HDB Financial Services in Mumbai?

The salary growth for a Cluster Head at HDB Financial Services in Mumbai depends on factors such as experience, performance, and promotions. On average, a Cluster Head in Mumbai can expect the following growth trajectory at HDB Financial Services:

Experience	Average Salary Range
12 years	₹16.2 Lakhs to ₹20.7 Lakhs per year
13 years	₹16.3 Lakhs to ₹20.8 Lakhs per year
14 years	₹16.3 Lakhs to ₹20.9 Lakhs per year
15 years	₹16.6 Lakhs to ₹21.2 Lakhs per year

and so on.

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HDB Financial Services Cluster Head Salaries in Mumbai

HDB Financial Services Cluster Head salary in Mumbai ranges between ₹18 Lakhs to ₹23 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDB Financial Services latest salaries received from various employees of HDB Financial Services.