HDFC Life Mumbai Management Trainee Salaries by 70+ Employees (Updated 2024)

0 - 3 years exp.

₹4.8 Lakhs - ₹15 Lakhs

Salary of majority employees

At par with the average Management Trainee Salary in Insurance Companies for 0 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Management Trainee Salary 0 - 3 years exp. (13 salaries)	₹7.8 L/yr - ₹12 L/yr
Sales & Business Development Management Trainee Salary 0 - 3 years exp. (9 salaries)	₹9.6 L/yr - ₹10 L/yr
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Customer Success, Service & Operations Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹8 L/yr - ₹12 L/yr
Data Science & Analytics Management Trainee Salary 0 - 3 years exp. (6 salaries)	₹9.8 L/yr - ₹12 L/yr
Project & Program Management Management Trainee Salary 0 - 2 years exp. (6 salaries)	₹9.5 L/yr - ₹12 L/yr

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Last Updated: 8 Dec 2024

Companies similar to HDFC Life for Management Trainee in Mumbai

HDFC Life Management Trainee Salary

0 - 3 years exp. (76 salaries)

₹4.8 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Management Trainee Salary 0 - 2 years exp. (49 salaries)	₹5 L/yr - ₹9.6 L/yr 28% less
SBI Life Insurance Company Management Trainee Salary 0 - 3 years exp. (6 salaries)	₹5.3 L/yr - ₹10.5 L/yr 12% less
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Max Life Insurance Management Trainee Salary 2 - 4 years exp. (3 salaries)	₹20.4 L/yr - ₹22 L/yr 122% more
Bajaj Allianz Life Insurance Management Trainee Salary 0 - 4 years exp. (8 salaries)	₹6.6 L/yr - ₹8 L/yr 22% less
Tata AIA Life Insurance Management Trainee Salary 0 - 2 years exp. (25 salaries)	₹7 L/yr - ₹20 L/yr 47% more
ICICI Lombard General Insurance Company Management Trainee Salary 0 - 2 years exp. (49 salaries)	₹2.8 L/yr - ₹10.4 L/yr 17% less
Kotak Mahindara Life Insurance Management Trainee Salary 0 - 2 years exp. (17 salaries)	₹3 L/yr - ₹9 L/yr 57% less
Aditya Birla Sun Life Insurance Management Trainee Salary 0 - 2 years exp. (8 salaries)	₹9 L/yr - ₹15 L/yr 20% more

Management Trainee salary at HDFC Life ranges between ₹4.8 Lakhs to ₹15 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 76 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Management Trainee salaries in Mumbai

Last Updated: 8 Dec 2024

Experience	Avg Annual Salary
Fresher (31 salaries)	₹7.8 L/yr - ₹12 L/yr
1 year (26 salaries)	₹4.8 L/yr - ₹12 L/yr
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2 years (14 salaries)	₹5 L/yr - ₹13 L/yr
3 years (5 salaries)	₹9 L/yr - ₹15 L/yr

Similar Designation salaries in HDFC Life

Senior Associate Salary

(483 salaries)

₹1.1 L/yr - ₹4.7 L/yr

Deputy Manager Salary

(422 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Process Associate Salary

(5 salaries)

₹1.45 L/yr - ₹2.45 L/yr

Team Lead Salary

(4 salaries)

₹4 L/yr - ₹7 L/yr

Salary related reviews for HDFC Life

3.4

Rated by 7 employees for salary & benefits

Senior Associate in Machilipatnam

Full Time

Other Department

4.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

Relationship Manager in Bhubaneswar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 05 May 2024

2.0

for Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

Senior Associate in Patna

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 04 Jun 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Low salary structure Unwanted work pressure Dirty politics Zero growth if you're not a politician in the company Non recognition of your good work No incentives even after having huge targets Manual rating system of employees, you will be judged by your amount of buttering not by your performance. Overall very bad work culture

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Aug 2023

1.0

for Salary and Benefits

Likes

Flexibility of work from home.

Dislikes

...nt is not supportive and the way they communicate with lower levels is terrible. Salary structure is horrible and shift hours are expected for 12 to 14 hrs a day

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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HDFC Life Management Trainee Salary FAQs

What is the salary of Management Trainee at HDFC Life Mumbai?

Management Trainee salary at HDFC Life in Mumbai ranges between ₹4.8 Lakhs to ₹15.0 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 2% more than the average Management Trainee Salary in India. Salary estimates are based on 76 latest salaries received from various employees of HDFC Life Mumbai.

How does the salary of a Management Trainee at HDFC Life Mumbai compare with the average salary range for this job?

The average salary of a Management Trainee at HDFC Life is 2% more than the average salary of a Management Trainee in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Life to a Management Trainee in Mumbai?

Max Life Insurance Management Trainee Salary - ₹20.4 Lakhs to ₹22.0 Lakhs per year
Tata AIA Life Insurance Management Trainee Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year
Aditya Birla Sun Life Insurance Management Trainee Salary - ₹9.0 Lakhs to ₹15.0 Lakhs per year

What is the salary of a Management Trainee in companies similar to HDFC Life in Mumbai?

SBI Life Insurance Company Management Trainee Salary - ₹5.3 Lakhs to ₹10.5 Lakhs per year
ICICI Lombard General Insurance Company Management Trainee Salary - ₹2.8 Lakhs to ₹10.4 Lakhs per year
Bajaj Allianz Life Insurance Management Trainee Salary - ₹6.6 Lakhs to ₹8.0 Lakhs per year
ICICI Prudential Life Insurance Management Trainee Salary - ₹5.0 Lakhs to ₹9.6 Lakhs per year
Kotak Mahindara Life Insurance Management Trainee Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year

What is the estimated take home salary of a Management Trainee at HDFC Life in Mumbai?

The estimated take-home salary of a Management Trainee at HDFC Life ranges between ₹68,393 per month to ₹70,147 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Management Trainee salary in India which ranges between ₹4.8 Lakhs to ₹15.0 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?

What is the notice period for Management Trainee at HDFC Life in Mumbai?

According to AmbitionBox, 75% of the HDFC Life Management Trainees in Mumbai reported a notice period of 1 Month, 17% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 24 responses on AmbitionBox in last 2 years.

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HDFC Life Management Trainee Salaries in Mumbai

HDFC Life Management Trainee salary in Mumbai ranges between ₹4.8 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 76 HDFC Life latest salaries received from various employees of HDFC Life.