HDFC Life Mumbai Management Trainee Salaries by 70+ Employees (Updated 2025)

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BFSI, Investments & Trading Customer Success, Service & Operations Sales & Business Development Finance & Accounting + 6 more

Designation	Avg Annual Salary	Open Jobs
Management Trainee 0 - 3 years exp. · Mumbai (78 salaries)	₹5 L/yr - ₹15 L/yr
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Senior Associate 0 - 9 years exp. · Mumbai (496 salaries)	₹1.1 L/yr - ₹4.6 L/yr	5 job openings
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Deputy Manager 2 - 15 years exp. · Mumbai (435 salaries)	₹3.5 L/yr - ₹14.4 L/yr
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Relationship Manager 0 - 8 years exp. · Mumbai (93 salaries)	₹2 L/yr - ₹5 L/yr	6 job openings
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Senior Process Associate 2 - 8 years exp. · Mumbai (6 salaries)	₹2.3 L/yr - ₹3.6 L/yr
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Process Associate 1 - 4 years exp. · Mumbai (5 salaries)	₹1.5 L/yr - ₹2.5 L/yr
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Team Lead 5 - 8 years exp. · Mumbai (5 salaries)	₹3.3 L/yr - ₹7 L/yr
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Senior Corporate Agency Manager 0 - 10 years exp. · Mumbai (223 salaries)	₹2.8 L/yr - ₹5.8 L/yr
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Business Development Manager 0 - 10 years exp. · Mumbai (190 salaries)	₹1.9 L/yr - ₹5 L/yr	11 job openings
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Chief Manager 5 - 20 years exp. · Mumbai (163 salaries)	₹11.1 L/yr - ₹31 L/yr	2 job openings
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Corporate Agency Manager 0 - 10 years exp. · Mumbai (157 salaries)	₹2 L/yr - ₹5.1 L/yr
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Sales Development Manager 0 - 7 years exp. · Mumbai (149 salaries)	₹1.5 L/yr - ₹4 L/yr	12 job openings
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Bancassurance Manager 0 - 12 years exp. · Mumbai (140 salaries)	₹3.3 L/yr - ₹7 L/yr	3 job openings
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Manager- Corporate Sales 5 - 17 years exp. · Mumbai (108 salaries)	₹3.8 L/yr - ₹12.1 L/yr	2 job openings
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Executive Trainee 0 - 4 years exp. · Mumbai (98 salaries)	₹3 L/yr - ₹5.8 L/yr
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Sales Manager 0 - 10 years exp. · Mumbai (91 salaries)	₹2.2 L/yr - ₹7.5 L/yr	4 job openings
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Corporate Manager 2 - 15 years exp. · Mumbai (61 salaries)	₹3 L/yr - ₹10.5 L/yr
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Product Manager 2 - 8 years exp. · Mumbai (59 salaries)	₹7.5 L/yr - ₹20 L/yr
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Key Account Manager 1 - 12 years exp. · Mumbai (59 salaries)	₹7 L/yr - ₹19.2 L/yr
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Associate Vice President 9 - 24 years exp. · Mumbai (58 salaries)	₹18 L/yr - ₹50 L/yr	3 job openings
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Assistant Sales Manager 1 - 9 years exp. · Mumbai (50 salaries)	₹3.2 L/yr - ₹5.5 L/yr	7 job openings
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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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Salary related reviews for HDFC Life

3.3

Rated by 6 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.

Skill development - Excellent

+2 more

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.

Promotions - Poor

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.

Salary - Bad

+6 more

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.

Salary - Poor

+4 more

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

Salary - Bad

+6 more

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.

Job security - Good

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

Salary - Bad

+5 more

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Average annual salary for Management Trainee in HDFC Life , Mumbai is INR . Salary estimates are based on 70+ HDFC Life latest salaries received from various employees of HDFC Life.