HSBC Group Underwriting Manager Salaries by 4 Employees

2 - 15 years exp.

₹7 Lakhs - ₹9.1 Lakhs

Low Confidence

Salary of majority employees

16% less than the average Underwriting Manager Salary in Financial Services Companies for 2 - 15 years of experience

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Salaries in different departments

Finance & Accounting Underwriting Manager Salary 2 - 4 years exp. (3 salaries)	₹7 L/yr - ₹7.1 L/yr
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Customer Success, Service & Operations Underwriting Manager Salary 15 years exp. (AmbitionBox Estimate)	₹8.2 L/yr - ₹10 L/yr

Last Updated: 5 Dec 2024

Companies similar to HSBC Group for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Underwriting Manager Salary 5 years exp. (3 salaries)	₹3.6 L/yr - ₹7.8 L/yr 28% less
American Express Underwriting Manager Salary 5 - 15 years exp. (3 salaries)	₹8 L/yr - ₹30 L/yr 102% more
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SBI General Insurance Underwriting Manager Salary 1 - 13 years exp. (28 salaries)	₹5.8 L/yr - ₹13.5 L/yr 33% more
Care Health Insurance Underwriting Manager Salary 0 - 9 years exp. (23 salaries)	₹2.7 L/yr - ₹7.3 L/yr 33% less
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 44% more

Underwriting Manager salary at HSBC Group ranges between ₹7 Lakhs to ₹9.1 Lakhs per year for employees with experience between 2 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of HSBC Group.

Experience wise HSBC Group Underwriting Manager salaries

Last Updated: 5 Dec 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
3 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
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4 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
15+ years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr

Similar Designation salaries in HSBC Group

Underwriting Analyst Salary

(4 salaries)

₹4.5 L/yr - ₹10 L/yr

Credit Manager Salary

(24 salaries)

₹4.6 L/yr - ₹17.55 L/yr

Underwriter Salary

(13 salaries)

₹2.75 L/yr - ₹12.66 L/yr

Area Credit Manager Salary

(AmbitionBox Estimate)

₹22.5 L/yr - ₹28.7 L/yr

Deputy Manager Salary

(14 salaries)

₹6 L/yr - ₹10.51 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹15.8 L/yr - ₹20.1 L/yr

Regional Credit Manager Salary

(AmbitionBox Estimate)

₹18.9 L/yr - ₹24.2 L/yr

Senior Underwriter Salary

(3 salaries)

₹7.5 L/yr - ₹29 L/yr

Senior Analyst Salary

(1k salaries)

₹5.5 L/yr - ₹22.8 L/yr

Team Lead Salary

(94 salaries)

₹6.91 L/yr - ₹24.25 L/yr

Salary related reviews for HSBC Group

5.0

Rated by 1 employees for salary & benefits

Senior Analyst in Bangalore / Bengaluru

Full Time

Data Science & Analytics Department

3.0

• posted on 26 Feb 2025

2.0

for Salary and Benefits

Likes

If you go to right team then plenty of opportunity to do experiments and high end work. And easy team switches

Skill development - Excellent

+3 more

Dislikes

Promotion and salary growth is too slow. No meritocratic rank ordering. No fairness in pay distribution across band. You might be killing youself at the job and you also might be at low pay but you would never be corrected or even fairly compensated

Salary - Poor

+2 more

Senior Analyst in Hyderabad / Secunderabad

Full Time

Data Science & Analytics Department

1.0

• posted on 21 Feb 2025

1.0

for Salary and Benefits

Dislikes

Salary hike is not based on your year long hardwork but rather on your salary band in comparison to company' average. That means what ever hard work you do it doesn't matter or not cared rather as you are in a higher salary band

Salary - Bad

+4 more

Senior Associate in Bangalore / Bengaluru

Full Time

Risk Management & Compliance Department

5.0

• posted on 20 Oct 2023

3.0

for Salary and Benefits

Likes

I am impressed with my workplace which is mostly work from home. The atmosphere here is incredible supportive, fostering both personal and professional growth. The team is also like a family and make each day enjoyable.

Skill development - Good

+5 more

Dislikes

In the like comment, I have mentioned that its Hybrid or majority work from home, the salary structure is kind of average. In the beginning we used to claim our internet bills. However, they removed the internet bill reimbursement policy recently. Hope we wish to get it back so that I could give 5 star for salary and benefits next time. Some people would laugh at this dislike but many would know.

Assistant Vice President in Gurgaon / Gurugram

Full Time

Finance & Accounting Department

4.0

• posted on 26 Apr 2023

3.0

for Salary and Benefits

Likes

- Work Life balance is unmatched - Non monetary perks - Hybrid and Flexible working hours - Health policy for self and parents. For parents it's paid but premiums much lesser than in the market - Ample growth opportunities - Career progression is kind of automatic - Reputable designations are given

Skill development - Good

+5 more

Dislikes

- Salary hikes and monetary perks are on the lower side. As you spend more than 5-7 year's you kind of hit a wall - Lack of leadership roles

Analyst in Bangalore / Bengaluru

Full Time

Finance & Accounting Department

2.0

• posted on 22 May 2023

4.0

for Salary and Benefits

Likes

...licies in place in theory. In practice it all depends on your team and managers. In my experience I haven’t seen many positives apart from pay , but if your team is okay, it might work out very well

Salary - Good

+1 more

Dislikes

Again it’s all contingent on the team. The company has excellent policies in place and if allowed to work will create a great work environment

Job security - Poor

+3 more

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HSBC Group Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at HSBC Group ?

The average salary of a Underwriting Manager at HSBC Group in India typically ranges from ₹7.0 Lakhs to ₹9.1 Lakhs per year, depending on experience (from 2 years to 15 years).

The top 10% of Underwriting Manager at HSBC Group earn more than ₹9.1 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Underwriting Manager Salaries at HSBC Group 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 HSBC Group employees in India.

What is the estimated take home salary of a Underwriting Manager at HSBC Group in India?

The estimated take-home salary of a Underwriting Manager at HSBC Group in India typically ranges from ₹56,224 to ₹57,634 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹9.1 Lakhs per year for employees with experience ranging from 2 years to 15 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 HSBC Group. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HSBC Group for Underwriting Manager in India?

American Express	₹8.0 Lakhs to ₹30.0 Lakhs per year
HDFC Ergo General Insurance	₹5.1 Lakhs to ₹18.5 Lakhs per year
SBI General Insurance	₹5.8 Lakhs to ₹13.5 Lakhs per year

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

What is the salary of a Underwriting Manager in companies similar to HSBC Group in India?

The salary of a Underwriting Manager at companies similar to HSBC Group in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank	₹3.6 Lakhs to ₹7.8 Lakhs per year
Care Health Insurance	₹2.7 Lakhs to ₹7.3 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 Underwriting Manager at HSBC Group in India?

The salary growth for a Underwriting Manager at HSBC Group depends on factors such as experience, performance, and promotions. On average, a Underwriting Manager can expect the following growth trajectory at HSBC Group:

Experience	Average Salary Range
2 years	₹6.4 Lakhs to ₹8.2 Lakhs per year
3 years	₹6.4 Lakhs to ₹8.2 Lakhs per year
4 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
15 years	₹8.2 Lakhs to ₹10.5 Lakhs per year

and so on.

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HSBC Group Underwriting Manager Salaries

HSBC Group Underwriting Manager salary in India ranges between ₹7 Lakhs to ₹9.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HSBC Group latest salaries received from various employees of HSBC Group.