IIFL Finance Mumbai Business Manager Salaries by 5 Employees

1 - 4 years exp.

₹5.5 Lakhs - ₹7 Lakhs

Salary of majority employees

42% less than the average Business Manager Salary in NBFC Companies for 1 - 4 years of experience

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Salaries in different departments

Marketing & Communication Business Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6.9 L/yr
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Product Management Business Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.4 L/yr

Last Updated: 13 Mar 2023

Companies similar to IIFL Finance for Business Manager in Mumbai

IIFL Finance Business Manager Salary

1 - 4 years exp. (5 salaries)

₹5.5 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
L&T Finance Business Manager Salary 2 - 9 years exp. (25 salaries)	₹4.2 L/yr - ₹8.5 L/yr 4% less
Aavas Financiers Business Manager Salary 6 - 11 years exp. (9 salaries)	₹3.4 L/yr - ₹7 L/yr 5% less	2 job openings
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SMFG India Credit Business Manager Salary 1 - 4 years exp. (3 salaries)	₹12.5 L/yr - ₹26.2 L/yr 233% more
LivSpace Business Manager Salary 2 - 10 years exp. (51 salaries)	₹6 L/yr - ₹16 L/yr 60% more	8 job openings
Performics Business Manager Salary 2 - 7 years exp. (51 salaries)	₹6.6 L/yr - ₹13 L/yr 52% more

Business Manager salary at IIFL Finance ranges between ₹5.5 Lakhs to ₹7 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 5 latest salaries received from various employees of IIFL Finance.

Experience wise IIFL Finance Business Manager salaries in Mumbai

Last Updated: 13 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5.5 L/yr - ₹10.9 L/yr
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7 L/yr
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3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹6.8 L/yr
4 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹12.5 L/yr

Similar Designation salaries in IIFL Finance

Branch Manager Salary

(78 salaries)

₹2.15 L/yr - ₹7 L/yr

Deputy Manager Salary

(54 salaries)

₹3.5 L/yr - ₹10 L/yr

Sales Manager Salary

(15 salaries)

₹2.85 L/yr - ₹7.2 L/yr

Territory Manager Salary

(9 salaries)

₹5.3 L/yr - ₹10.5 L/yr

Marketing Manager Salary

(9 salaries)

₹5.9 L/yr - ₹24 L/yr

Area Sales Manager Salary

(3 salaries)

₹9.42 L/yr - ₹17 L/yr

Salary related reviews for IIFL Finance

Branch Manager in Dholka

Full Time

Other Department

3.0

• posted on 16 Nov 2024

1.0

for Salary and Benefits

Likes

Good scheams to serve customers

Skill development - Excellent

Dislikes

Giving low salary and huge pressure over work load more than salary. Hieringe from compitition with huge salary but not giving them who are wintage and loyal to the company.

Salary - Bad

+4 more

Area Manager in Guwahati

Full Time

Sales & Business Development Department

4.0

• posted on 04 Oct 2023

4.0

for Salary and Benefits

Likes

Good Culture, Good Management, Employee Partnership Program ESOP, Bonus

Salary - Good

+6 more

Dislikes

...s, ideally it should not be, Self driven people must have freedom from all this. Salary Structure should be as per performance, Outsiders gets higher package and those who are working since long they are having less salary. Few Seniors are looks like they are our guardian and they understand our problems, But few seniors we we feel scared even to make a call

Territory Sales Manager in Jaipur

Full Time

Sales & Business Development Department

5.0

• posted on 27 Sep 2023

5.0

for Salary and Benefits

Likes

...earn lot of thinks at my 12th year career company work culture is very healthy . Company each and every employee growth salary and profile according time to time.

Salary - Excellent

+6 more

Dislikes

Branch Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 31 Mar 2023

3.0

for Salary and Benefits

Likes

Value of positions, friendly nature with colleagues working areas,good customers at IIFL, salary intime credit employees,good service by employees for customers ,believed to customers iifl

Skill development - Excellent

+3 more

Dislikes

Some politics have in promotion s and grade changes, not completed in time eligible employees by promotions,no value for old employees ,some branches business depend by only some employees because future time face to problems company,zero walk-in some locations.some IRAs misuse job rules .

Job security - Poor

Deputy Manager in Mumbai

Full Time

Data Science & Analytics Department

3.0

• posted on 06 Sep 2023

1.0

for Salary and Benefits

Likes

...wth. Seniors are very rude and insensitive and careless... No work life balance. No salary promotions. No bonuses.. bonus are delayed with less %

Dislikes

Senior behaviour with junior

Salary - Bad

+5 more

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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IIFL Finance Business Manager Salary FAQs

What is the salary of Business Manager at IIFL Finance in Mumbai?

The average salary of a Business Manager at IIFL Finance in Mumbai typically ranges from ₹5.5 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Business Manager in Mumbai at IIFL Finance earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Business Manager Salaries at IIFL Finance 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 5 IIFL Finance employees in India.

What is the estimated take home salary of a Business Manager at IIFL Finance in Mumbai?

The estimated take-home salary of a Business Manager at IIFL Finance in Mumbai typically ranges from ₹49,430 to ₹50,598 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 1 year to 4 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 5 salaries received from various employees of IIFL Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IIFL Finance for Business Manager in India?

SMFG India Credit	₹12.5 Lakhs to ₹26.2 Lakhs per year
LivSpace	₹6.0 Lakhs to ₹16.0 Lakhs per year
Performics	₹6.6 Lakhs to ₹13.0 Lakhs per year

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

What is the salary of a Business Manager in companies similar to IIFL Finance in Mumbai?

The salary of a Business Manager at companies similar to IIFL Finance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

L&T Finance	₹4.2 Lakhs to ₹8.5 Lakhs per year
Aavas Financiers	₹3.4 Lakhs to ₹7.0 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 Business Manager at IIFL Finance in Mumbai?

The salary growth for a Business Manager at IIFL Finance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Business Manager in Mumbai can expect the following growth trajectory at IIFL Finance:

Experience	Average Salary Range
1 year	₹5.5 Lakhs to ₹10.9 Lakhs per year
2 years	₹2.5 Lakhs to ₹7.0 Lakhs per year
3 years	₹2.6 Lakhs to ₹6.8 Lakhs per year
4 years	₹6.8 Lakhs to ₹12.5 Lakhs per year

and so on.

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IIFL Finance Business Manager Salaries in Mumbai

IIFL Finance Business Manager salary in Mumbai ranges between ₹5.5 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 IIFL Finance latest salaries received from various employees of IIFL Finance.