Howden Insurance Brokers Mumbai Management Trainee Salaries by 4 Employees

0 - 1 year exp.

₹6 Lakhs - ₹8.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

13% less than the average Management Trainee Salary in Engineering & Construction Companies for 0 - 1 year of experience

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Last Updated: 12 Jul 2023

Companies similar to Howden Insurance Brokers for Management Trainee in Mumbai

Howden Insurance Brokers Management Trainee Salary

0 - 1 year exp. (4 salaries)

₹6 L/yr - ₹8.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Management Trainee Salary 0 - 3 years exp. (322 salaries)	₹8 L/yr - ₹20 L/yr 102% more
HDFC Bank Management Trainee Salary 0 - 5 years exp. (106 salaries)	₹4 L/yr - ₹13 L/yr 9% more
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Unity Small Finance Bank Management Trainee Salary 1 - 5 years exp. (85 salaries)	₹1.2 L/yr - ₹3 L/yr 73% less
HDFC Life Management Trainee Salary 0 - 3 years exp. (78 salaries)	₹5 L/yr - ₹15 L/yr 31% more
Crisil Management Trainee Salary 0 - 3 years exp. (55 salaries)	₹7 L/yr - ₹15 L/yr 32% more	4 job openings

Management Trainee salary at Howden Insurance Brokers ranges between ₹6 Lakhs to ₹8.5 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 4 latest salaries received from various employees of Howden Insurance Brokers.

Experience wise Howden Insurance Brokers Management Trainee salaries in Mumbai

Last Updated: 12 Jul 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
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1 year (3 salaries)	₹6 L/yr - ₹8.5 L/yr

Similar Designation salaries in Howden Insurance Brokers

Assistant Vice President Salary

(14 salaries)

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Operations Manager Salary

(4 salaries)

₹7.3 L/yr - ₹10 L/yr

Salary related reviews for Howden Insurance Brokers

Senior Executive in Mumbai

Full Time

Risk Management & Compliance Department

2.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

The culture and colleagues are good and supportive. A very positive environment

Company culture - Excellent

Dislikes

Stay away from the Property and Risk Management team if you want your mental health and life to be less miserable. The boss is a verbally abusive bully with Gaslighting tendencies. No job security if you work under that B.

Skill development - Poor

+4 more

Accounts Assistant & Cashier in Bedford

Finance & Accounting Department

1.0

• posted on 07 Jan 2022

4.0

for Salary and Benefits

Likes

Clean, hygienic workspace with an adequately sized, comfortable break area. Hour long break. Generous benefits scheme.

Salary - Good

+1 more

Dislikes

Management sought to humiliate individuals based on work performance and targets. Was glad to leave before things digressed further.

Skill development - Poor

+2 more

see more salary related reviews

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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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Howden Insurance Brokers Management Trainee Salary FAQs

What is the salary of Management Trainee at Howden Insurance Brokers in Mumbai?

The average salary of a Management Trainee at Howden Insurance Brokers in Mumbai typically ranges from ₹6.0 Lakhs to ₹8.5 Lakhs per year, depending on experience (from Fresher to 1 year).

The top 10% of Management Trainee in Mumbai at Howden Insurance Brokers earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Management Trainee Salaries at Howden Insurance Brokers 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 Howden Insurance Brokers employees in India.

What is the estimated take home salary of a Management Trainee at Howden Insurance Brokers in Mumbai?

The estimated take-home salary of a Management Trainee at Howden Insurance Brokers in Mumbai typically ranges from ₹58,989 to ₹60,477 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from Fresher to 1 year.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 Howden Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Howden Insurance Brokers for Management Trainee in India?

ICICI Bank	₹8.0 Lakhs to ₹20.0 Lakhs per year
Crisil	₹7.0 Lakhs to ₹15.0 Lakhs per year
HDFC Life	₹5.0 Lakhs to ₹15.0 Lakhs per year
HDFC Bank	₹4.0 Lakhs to ₹13.0 Lakhs per year

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

What is the salary of a Management Trainee in companies similar to Howden Insurance Brokers in Mumbai?

The salary of a Management Trainee at companies similar to Howden Insurance Brokers in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Unity Small Finance Bank

₹1.2 Lakhs to ₹3.0 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 Management Trainee at Howden Insurance Brokers in Mumbai?

The salary growth for a Management Trainee at Howden Insurance Brokers in Mumbai depends on factors such as experience, performance, and promotions. On average, a Management Trainee in Mumbai can expect the following growth trajectory at Howden Insurance Brokers:

Experience	Average Salary Range
Fresher	₹7.3 Lakhs to ₹9.3 Lakhs per year
1 year	₹6.0 Lakhs to ₹8.5 Lakhs per year

and so on.

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Howden Insurance Brokers Management Trainee Salaries in Mumbai

Howden Insurance Brokers Management Trainee salary in Mumbai ranges between ₹6 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Howden Insurance Brokers latest salaries received from various employees of Howden Insurance Brokers.