JM Financial Mumbai Deputy Manager Salaries by 9 Employees (Updated 2025)

2 - 13 years exp.

₹4.8 Lakhs - ₹8 Lakhs

Avg. annual salary

Monthly In-hand Salary

26% less than the average Deputy Manager Salary in Financial Services Companies for 2 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Salary 4 - 7 years exp. (5 salaries)	₹4.8 L/yr - ₹6.7 L/yr
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Customer Success, Service & Operations Deputy Manager Salary 6 - 9 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6.8 L/yr

Last Updated: 4 Apr 2025

Companies similar to JM Financial for Deputy Manager in Mumbai

JM Financial Deputy Manager Salary

2 - 13 years exp. (9 salaries)

₹4.8 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Capital Deputy Manager Salary 3 - 10 years exp. (49 salaries)	₹3.5 L/yr - ₹11 L/yr 15% more
Sharekhan Deputy Manager Salary 6 - 16 years exp. (36 salaries)	₹4.5 L/yr - ₹12.5 L/yr 19% more
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Religare Deputy Manager Salary 3 - 12 years exp. (25 salaries)	₹3 L/yr - ₹5.3 L/yr 25% less	1 job opening
Nippon Life India Asset Management Deputy Manager Salary 6 - 11 years exp. (22 salaries)	₹4.8 L/yr - ₹16 L/yr 44% more	2 job openings
Reliance Capital Deputy Manager Salary 1 - 9 years exp. (17 salaries)	₹5.5 L/yr - ₹11 L/yr 12% more
ICICI Securities Deputy Manager Salary 0 - 6 years exp. (6 salaries)	₹4.2 L/yr - ₹6 L/yr 13% less
Motilal Oswal Financial Services Deputy Manager Salary 6 - 11 years exp. (6 salaries)	₹3.5 L/yr - ₹8 L/yr 13% less
JPMorgan Chase & Co. Deputy Manager Salary 3 - 4 years exp. (4 salaries)	₹7 L/yr - ₹21.7 L/yr 91% more

Deputy Manager salary at JM Financial ranges between ₹4.8 Lakhs to ₹8 Lakhs per year for employees with experience between 2 years to 13 years. Salary estimates are based on 9 latest salaries received from various employees of JM Financial.

Experience wise JM Financial Deputy Manager salaries in Mumbai

Last Updated: 4 Apr 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
3 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
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4 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
5 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
6 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
7 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
8 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
9 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
10 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
11 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
12 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
13 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr

View all

Similar Designation salaries in JM Financial

Team Lead Salary

(10 salaries)

₹6 L/yr - ₹13 L/yr

Relationship Manager Salary

(7 salaries)

₹3.6 L/yr - ₹5.5 L/yr

Operations Manager Salary

(7 salaries)

₹6.7 L/yr - ₹10.3 L/yr

Salary related reviews for JM Financial

3.0

Rated by 1 employees for salary & benefits

Senior Software Developer in Mumbai

Full Time

Engineering - Software & QA Department

1.0

• posted on 05 Sep 2024

1.0

for Salary and Benefits

Likes

salary on time

Dislikes

working here for few months now too much office politics, the deployment is never planned and entire process here is made unnecessarily complicated , too much favouritism like their fav ppl leaves are approved , no need of coming to office ontime or leaving early, dont fall for any review that says anything positive its not true and its not employee friendly, healthy working culture here, no body helps u with basic new joining stuff u need ,just wont recommend anyone fresher or exp to come, u need to be too good to handle all the politics thats all. manager and senior managers treats you like absolute slave. u grow here only if you are extremely good with politics , buttering the upper management no actual skills/intelligence needed. also no proper hierarchy is maintained here within team and organisation.

Salary - Bad

+5 more

Senior Executive in Mumbai

Full Time

Marketing & Communication Department

1.0

• posted on 12 Aug 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...letely biased towards seniors. He only listens and accepts whatever seniors say. I will not recommend anyone to work here even if you are getting very good package just for the sake of your mental health

Salary - Bad

+5 more

Investment Banking Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 03 Oct 2024

4.0

for Salary and Benefits

Likes

1. Higher compensation as compared to the Industry

Salary - Good

+1 more

Dislikes

1. Unnecessary work on weekends just because it is Investment Banking 2. Mandates come from top leadership....no real coverage banking 3. Highly rude, egoistic, insecure and envious people at top leadership 4. Exploitative behaviour, office politics, gossips, talking behind backs, etc. Won't recommend this even to my worst enemy

Skill development - Poor

+3 more

Associate in Mumbai

Full Time

Teaching & Training Department

1.0

• posted on 10 Nov 2023

2.0

for Salary and Benefits

Likes

There is one sun brand of JM financial name as Blinkx. Celebration of each festival was good.

Dislikes

...ou come to know that your expertise and your alloted profile is very different. Pathetic bonus return policy.

Salary - Poor

+6 more

Associate (working remotely)

Full Time

Finance & Accounting Department

2.0

• posted on 03 May 2023

3.0

for Salary and Benefits

Likes

Weekend off Medical checkup every week Insurance agent meetinf every week

Dislikes

...n worli branch employee have to seat and eat on the desk where u seat for work Most imp if u have vehicle than ready for traffice who take ur vehicle n pay fine again n again coz company does not provide parking facility

Skill development - Bad

+4 more

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Salary Discussions, Hike & Promotions

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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JM Financial Deputy Manager Salary FAQs

What is the salary of Deputy Manager at JM Financial in Mumbai?

The average salary of a Deputy Manager at JM Financial in Mumbai typically ranges from ₹4.8 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 2 years to 13 years).

The top 10% of Deputy Manager in Mumbai at JM Financial earn more than ₹7.9 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Deputy Manager Salaries at JM Financial 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 9 JM Financial employees in India.

What is the estimated take home salary of a Deputy Manager at JM Financial in Mumbai?

The estimated take-home salary of a Deputy Manager at JM Financial in Mumbai typically ranges from ₹48,410 to ₹49,555 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 2 years to 13 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 9 salaries received from various employees of JM Financial. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than JM Financial for Deputy Manager in India?

JPMorgan Chase & Co.	₹7.0 Lakhs to ₹21.7 Lakhs per year
Nippon Life India Asset Management	₹4.8 Lakhs to ₹16.0 Lakhs per year
Sharekhan	₹4.5 Lakhs to ₹12.5 Lakhs per year
Aditya Birla Capital	₹3.5 Lakhs to ₹11.0 Lakhs per year
Reliance Capital	₹5.5 Lakhs to ₹11.0 Lakhs per year

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

What is the salary of a Deputy Manager in companies similar to JM Financial in Mumbai?

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

ICICI Securities	₹4.2 Lakhs to ₹6.0 Lakhs per year
Motilal Oswal Financial Services	₹3.5 Lakhs to ₹8.0 Lakhs per year
Religare	₹3.0 Lakhs to ₹5.3 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 Deputy Manager at JM Financial in Mumbai?

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

Experience	Average Salary Range
2 years	₹5.5 Lakhs to ₹7.1 Lakhs per year
3 years	₹5.6 Lakhs to ₹7.1 Lakhs per year
4 years	₹5.6 Lakhs to ₹7.2 Lakhs per year
5 years	₹5.6 Lakhs to ₹7.2 Lakhs per year

and so on.

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JM Financial Deputy Manager Salaries in Mumbai

JM Financial Deputy Manager salary in Mumbai ranges between ₹4.8 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 JM Financial latest salaries received from various employees of JM Financial.