HSBC Group Underwriting Manager Salaries by 4 Employees (Updated 2025)

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 4 - 15 years exp. (4 salaries)	₹8 L/yr - ₹28 L/yr 72% more
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SBI General Insurance Underwriting Manager Salary 7 - 15 years exp. (26 salaries)	₹5.8 L/yr - ₹13.5 L/yr 43% 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

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Credit Manager Salary

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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

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₹6 L/yr - ₹8.81 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

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₹5.5 L/yr - ₹22.42 L/yr

Team Lead Salary

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₹6.87 L/yr - ₹24 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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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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HSBC Group Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at HSBC Group?

Underwriting Manager salary at HSBC Group in India ranges between ₹7.0 Lakhs to ₹9.1 Lakhs for experience between 2 years to 15 years. According to our estimates it is 16% less than the average Underwriting Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of HSBC Group India.

How does the salary of a Underwriting Manager at HSBC Group India compare with the average salary range for this job?

The average salary of a Underwriting Manager at HSBC Group is 16% less than the average salary of a Underwriting Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than HSBC Group to a Underwriting Manager in India?

American Express Underwriting Manager Salary - ₹8.0 Lakhs to ₹28.0 Lakhs per year
HDFC Ergo General Insurance Underwriting Manager Salary - ₹5.1 Lakhs to ₹18.5 Lakhs per year
SBI General Insurance Underwriting Manager Salary - ₹5.8 Lakhs to ₹13.5 Lakhs per year

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

HDFC Bank Underwriting Manager Salary - ₹3.6 Lakhs to ₹7.8 Lakhs per year
Care Health Insurance Underwriting Manager Salary - ₹2.7 Lakhs to ₹7.3 Lakhs per year

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 ranges between ₹56,224 per month to ₹57,634 per month in India. The take-home salary calculation is based on the average HSBC Group Underwriting Manager salary in India which ranges between ₹7.0 Lakhs to ₹9.1 Lakhs per year for employees with experience between 2 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Underwriting Manager at HSBC Group?

According to AmbitionBox, 100% of the HSBC Group Underwriting Managers reported a notice period of 2 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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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.