IFCI Financial Services Credit Manager Salaries by 10 Employees (Updated 2024)

10 - 15 years exp.

₹20 Lakhs - ₹33 Lakhs

Salary of majority employees

239% more than the average Credit Manager Salary in FMCG Companies for 10 - 15 years of experience

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Last Updated: 5 Mar 2024

Companies similar to IFCI Financial Services for Credit Manager

Company name	Avg Annual Salary	Open Jobs
Edelweiss Credit Manager Salary 0 - 8 years exp. (151 salaries)	₹2.7 L/yr - ₹12 L/yr 74% less
L&T Finance Credit Manager Salary 1 - 9 years exp. (83 salaries)	₹4.5 L/yr - ₹14 L/yr 68% less
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Bajaj Finance Credit Manager Salary 1 - 9 years exp. (191 salaries)	₹2.4 L/yr - ₹8.5 L/yr 78% less
HDFC Bank Credit Manager Salary 0 - 12 years exp. (2.6k salaries)	₹3.5 L/yr - ₹14 L/yr 68% less	3 job openings
Kotak Mahindra Bank Credit Manager Salary 0 - 11 years exp. (1k salaries)	₹4 L/yr - ₹14.5 L/yr 66% less
ICICI Bank Credit Manager Salary 0 - 11 years exp. (3.1k salaries)	₹4 L/yr - ₹14.4 L/yr 62% less
Axis Bank Credit Manager Salary 0 - 12 years exp. (819 salaries)	₹4 L/yr - ₹14.5 L/yr 66% less
Sammaan Capital Limited Credit Manager Salary 1 - 8 years exp. (77 salaries)	₹3.3 L/yr - ₹8.4 L/yr 80% less
Reliance Capital Credit Manager Salary 0 - 13 years exp. (7 salaries)	₹6 L/yr - ₹8.4 L/yr 72% less
Aditya Birla Capital Credit Manager Salary 2 - 10 years exp. (160 salaries)	₹4 L/yr - ₹10.8 L/yr 72% less

Credit Manager salary at IFCI Financial Services ranges between ₹20 Lakhs to ₹33 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 10 latest salaries received from various employees of IFCI Financial Services.

Experience wise IFCI Financial Services Credit Manager salaries

Last Updated: 5 Mar 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹33 L/yr
11 years (AmbitionBox Estimate)	₹22.5 L/yr - ₹33 L/yr
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12 years (3 salaries)	₹20 L/yr - ₹33 L/yr
13 years (AmbitionBox Estimate)	₹21.5 L/yr - ₹47.4 L/yr
14 years (AmbitionBox Estimate)	₹22.5 L/yr - ₹32 L/yr
15+ years (AmbitionBox Estimate)	₹10.6 L/yr - ₹33 L/yr

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Similar Designation salaries in IFCI Financial Services

Credit Officer Salary

(AmbitionBox Estimate)

₹23 L/yr - ₹29.3 L/yr

Branch Manager Salary

(5 salaries)

₹4.66 L/yr - ₹5.85 L/yr

Deputy Manager Salary

(6 salaries)

₹4.2 L/yr - ₹7 L/yr

Sales Manager Salary

(3 salaries)

₹0.4 L/yr - ₹4 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹0.4 L/yr - ₹0.5 L/yr

Relationship Manager Salary

(4 salaries)

₹3 L/yr - ₹3.5 L/yr

Officer Salary

(AmbitionBox Estimate)

₹0.3 L/yr - ₹0.3 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹15.3 L/yr - ₹19.5 L/yr

Associate Vice President Salary

(4 salaries)

₹6.85 L/yr - ₹15.5 L/yr

Assistant Vice President Salary

(AmbitionBox Estimate)

₹8.1 L/yr - ₹10.4 L/yr

Salary related reviews for IFCI Financial Services

2.0

Rated by 1 employees for salary & benefits

Executive in Chennai

Full Time

Other Department

4.0

• posted on 05 Aug 2024

3.0

for Salary and Benefits

Likes

We can tried by all the seniors. Leading process is very comfortable with a seniors. It's my first job. And very happy to working with the company. And we have a flexible time. Very safe place to work.

Dislikes

Nothing but the appraisal is not properly given to the employees.

Branch Manager in Chennai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 26 May 2023

5.0

for Salary and Benefits

Likes

Incentive every 3 months , ive got 3-12 laks as incentive, but the major set back is i have to give the back the major part to the MD Karra vishveshwara rao & the associate management.

Dislikes

Karra vishveshwara rao loots the company .

Deputy General Manager in New Delhi

BFSI, Investments & Trading Department

5.0

• posted on 30 Oct 2018

4.0

for Salary and Benefits

Likes

Best place to learn financing big projects and all India exposure. Being the oldest premier financial institution since 1948 great experience for learning. You will find the top executives in major Banks in private sector are having background of IFCI.

Dislikes

Nothing in particular.

Assistant Manager

Human Resources Department

4.0

• posted on 26 Oct 2018

5.0

for Salary and Benefits

Likes

Working in IFCI was excellent till 2007 and was worst during the period of one of the most arrogant CEO MD who was removed by Govt. as per hon'ble SC directions. Thanks

Dislikes

Boss appeasement is mandatory for career upgradation

Deputy General Manager in New Delhi

BFSI, Investments & Trading Department

5.0

• posted on 12 Sep 2018

4.0

for Salary and Benefits

Likes

The company was India's premier Development Financial Institution for financing industry and provided excellent learning opportunities in various facets of project/industrial financing.

Dislikes

Nothing in particular

see more salary related reviews

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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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IFCI Financial Services Credit Manager Salary FAQs

What is the salary of Credit Manager at IFCI Financial Services?

Credit Manager salary at IFCI Financial Services in India ranges between ₹20.0 Lakhs to ₹33.0 Lakhs for experience between 10 years to 15 years. According to our estimates it is 239% more than the average Credit Manager Salary in India. Salary estimates are based on 10 latest salaries received from various employees of IFCI Financial Services India.

How does the salary of a Credit Manager at IFCI Financial Services India compare with the average salary range for this job?

The average salary of a Credit Manager at IFCI Financial Services is 239% more than the average salary of a Credit Manager in India. To know exact salary insights, login to view.

What is the salary of a Credit Manager in companies similar to IFCI Financial Services in India?

ICICI Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.4 Lakhs per year
Kotak Mahindra Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.5 Lakhs per year
Axis Bank Credit Manager Salary - ₹4.0 Lakhs to ₹14.5 Lakhs per year
HDFC Bank Credit Manager Salary - ₹3.5 Lakhs to ₹14.0 Lakhs per year
L&T Finance Credit Manager Salary - ₹4.5 Lakhs to ₹14.0 Lakhs per year

What is the estimated take home salary of a Credit Manager at IFCI Financial Services in India?

The estimated take-home salary of a Credit Manager at IFCI Financial Services ranges between ₹1,64,837 per month to ₹1,71,153 per month in India. The take-home salary calculation is based on the average IFCI Financial Services Credit Manager salary in India which ranges between ₹20.0 Lakhs to ₹33.0 Lakhs per year for employees with experience between 10 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at IFCI Financial Services?

According to AmbitionBox, 50% of the IFCI Financial Services Credit Managers reported a notice period of 2 Months, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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IFCI Financial Services Credit Manager Salaries

IFCI Financial Services Credit Manager salary in India ranges between ₹20 Lakhs to ₹33 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 IFCI Financial Services latest salaries received from various employees of IFCI Financial Services.