HDB Financial Services Mumbai Cluster Manager Salaries by 10+ Employees (Updated 2025)

13 - 23 years exp.

₹16 Lakhs - ₹21 Lakhs

Avg. annual salary

Monthly In-hand Salary

94% more than the average Cluster Manager Salary in NBFC Companies for 13 - 23 years of experience

Interested in this particular role? 8 job openings

Salaries in different departments

Sales & Business Development Cluster Manager Salary 13 - 23 years exp. (12 salaries)	₹16 L/yr - ₹20.2 L/yr
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BFSI, Investments & Trading Cluster Manager Salary 15 years exp. (AmbitionBox Estimate)	₹18.5 L/yr - ₹21.6 L/yr

Last Updated: 13 Feb 2025

Companies similar to HDB Financial Services for Cluster Manager in Mumbai

HDB Financial Services Cluster Manager Salary

13 - 23 years exp. (15 salaries)

₹16 L/yr - ₹21 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Cluster Manager Salary 6 - 17 years exp. (19 salaries)	₹13 L/yr - ₹24 L/yr 1% less	27 job openings
Bajaj Housing Finance Cluster Manager Salary 7 - 15 years exp. (7 salaries)	₹15 L/yr - ₹21 L/yr 3% less
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Reliance Retail Cluster Manager Salary 9 - 20 years exp. (40 salaries)	₹6.5 L/yr - ₹17 L/yr 37% less
Reliance General Insurance Cluster Manager Salary 9 - 18 years exp. (30 salaries)	₹6.7 L/yr - ₹17.5 L/yr 35% less
Aditya Birla Sun Life Insurance Cluster Manager Salary 4 - 13 years exp. (29 salaries)	₹6.8 L/yr - ₹14 L/yr 43% less

Cluster Manager salary at HDB Financial Services ranges between ₹16 Lakhs to ₹21 Lakhs per year for employees with experience between 13 years to 23 years. Salary estimates are based on 15 latest salaries received from various employees of HDB Financial Services.

Experience wise HDB Financial Services Cluster Manager salaries in Mumbai

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹16.1 L/yr - ₹20.5 L/yr
14 years (3 salaries)	₹16 L/yr - ₹21 L/yr
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15+ years (10 salaries)	₹17 L/yr - ₹20.2 L/yr

From

Cluster Manager

12 - 23 years exp.

Zonal Business Manager

11 - 19 years exp.

From

Cluster Manager

12 - 23 years exp.

Zonal Manager

16 - 23 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in HDB Financial Services

Relationship Manager Salary

(192 salaries)

₹1.4 L/yr - ₹4.6 L/yr

Sales Manager Salary

(86 salaries)

₹1.85 L/yr - ₹6.5 L/yr

Deputy Manager Salary

(55 salaries)

₹3 L/yr - ₹9.1 L/yr

Area Sales Manager Salary

(22 salaries)

₹7.3 L/yr - ₹15.72 L/yr

Territory Manager Salary

(14 salaries)

₹4 L/yr - ₹9.61 L/yr

Area Manager Salary

(9 salaries)

₹7 L/yr - ₹13.5 L/yr

Cluster Head Salary

(4 salaries)

₹18 L/yr - ₹23 L/yr

Top skills at HDB Financial Services for Cluster Manager

Sales Loan against Property Personal Loans Lap Team Handling Team Handling Home Loans Team Management Auto Loans Marketing Support Secured Loan Laptop Commercial Vehicle Loans Operations Management Market Intelligence

Salary related reviews for HDB Financial Services

4.0

Rated by 2 employees for salary & benefits

Cluster Manager in Agra

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 Oct 2023

1.0

for Salary and Benefits

Likes

Very bad culture full of scolding

Dislikes

Very bad place to work full of exploitation, they pay low salary and get work on Sunday, holiday, every Saturday while 1st and 2nd Saturday are off every by company norms

Salary - Bad

+6 more

Cluster Manager in Hisar

Sales & Business Development Department

4.0

• posted on 23 Apr 2018

3.0

for Salary and Benefits

Likes

...test technology of all aspects which will increase productivity and reduce TAT. Work environment is good with good compensation and perks, flexible working hours for work-life balance.

Skill development - Good

+4 more

Dislikes

There is not much for anything to dislike. There is only one point that required attraction, that is training. Training is required for middle and junior management to improve their work. Overall it is a good company to work

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.

see more salary related reviews

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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 Manager Salary FAQs

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

The average salary of a Cluster Manager at HDB Financial Services in Mumbai typically ranges from ₹16.0 Lakhs to ₹21.0 Lakhs per year, depending on experience (from 13 years to 23 years).

The top 10% of Cluster Manager in Mumbai at HDB Financial Services earn more than ₹20.2 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Cluster Manager 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 10+ HDB Financial Services employees in India.

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

The estimated take-home salary of a Cluster Manager at HDB Financial Services in Mumbai typically ranges from ₹1,28,487 to ₹1,32,874 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from 13 years to 23 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 HDB Financial Services. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Cluster Manager at HDB Financial Services in Mumbai?

To be a Cluster Manager at HDB Financial Services in Mumbai, the key skills required include:

- Sales
- Loan against Property
- Personal Loans
- Lap
- Team Handling

These skills are highly valued at HDB Financial Services and are crucial for successful performance in a Software Engineering role.

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

The salary of a Cluster Manager 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	₹13.0 Lakhs to ₹24.0 Lakhs per year
Bajaj Housing Finance	₹15.0 Lakhs to ₹21.0 Lakhs per year
Reliance General Insurance	₹6.7 Lakhs to ₹17.5 Lakhs per year
Reliance Retail	₹6.5 Lakhs to ₹17.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹6.8 Lakhs to ₹14.0 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 Cluster Manager at HDB Financial Services in Mumbai?

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

Experience	Average Salary Range
13 years	₹16.1 Lakhs to ₹20.5 Lakhs per year
14 years	₹16.0 Lakhs to ₹21.0 Lakhs per year
15 years	₹17.0 Lakhs to ₹20.2 Lakhs per year

and so on.

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HDB Financial Services Cluster Manager Salaries in Mumbai

HDB Financial Services Cluster Manager salary in Mumbai ranges between ₹16 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 HDB Financial Services latest salaries received from various employees of HDB Financial Services.