JM Financial State Head Credit Salaries by 4 Employees (Updated 2025)

6 - 19 years exp.

₹16 Lakhs - ₹20.5 Lakhs

Low Confidence

Salary of majority employees

At par with the average State Head Credit Salary in Financial Services Companies for 6 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading State Head Credit Salary 6 - 19 years exp. (AmbitionBox Estimate)	₹19.5 L/yr - ₹20.5 L/yr
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Risk Management & Compliance State Head Credit Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹16 L/yr - ₹18.5 L/yr

Last Updated: 22 Mar 2025

Companies similar to JM Financial for State Head Credit

Company name	Avg Annual Salary	Open Jobs
Mahindra Rural Housing Finance State Head Credit Salary 4 - 19 years exp. (11 salaries)	₹10.5 L/yr - ₹26 L/yr At par
PNB Housing Finance State Head Credit Salary 14 - 19 years exp. (7 salaries)	₹17.6 L/yr - ₹33.3 L/yr 36% more
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Protium Finance State Head Credit Salary 10 - 19 years exp. (7 salaries)	₹15 L/yr - ₹27.8 L/yr 7% more
IDFC FIRST Bank State Head Credit Salary 9 - 17 years exp. (6 salaries)	₹16 L/yr - ₹30 L/yr 1% less
Avanse Financial Services State Head Credit Salary 9 - 13 years exp. (6 salaries)	₹13 L/yr - ₹14.9 L/yr 28% less

State Head Credit salary at JM Financial ranges between ₹16 Lakhs to ₹20.5 Lakhs per year for employees with experience between 6 years to 19 years. Salary estimates are based on 4 latest salaries received from various employees of JM Financial.

Experience wise JM Financial State Head Credit salaries

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹17.6 L/yr - ₹22.4 L/yr
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15+ years (3 salaries)	₹16 L/yr - ₹20.5 L/yr

Similar Designation salaries in JM Financial

Sales Officer Salary

(AmbitionBox Estimate)

₹4.8 L/yr - ₹6.1 L/yr

Branch Manager Salary

(10 salaries)

₹5 L/yr - ₹9.61 L/yr

Deputy Manager Salary

(15 salaries)

₹4.75 L/yr - ₹9.3 L/yr

Chief Manager Salary

(3 salaries)

₹12.5 L/yr - ₹18 L/yr

Associate Vice President Salary

(19 salaries)

₹11 L/yr - ₹32 L/yr

Credit Analyst Salary

(5 salaries)

₹10.24 L/yr - ₹22 L/yr

Senior Associate Salary

(156 salaries)

₹11.46 L/yr - ₹22.91 L/yr

Credit Underwriter Salary

(AmbitionBox Estimate)

₹9.9 L/yr - ₹12.6 L/yr

Credit Manager Salary

(6 salaries)

₹3.55 L/yr - ₹8.6 L/yr

Credit Officer Salary

(4 salaries)

₹2.25 L/yr - ₹3 L/yr

Salary related reviews for JM Financial

Branch Credit Manager in Jaipur

Credit Risk Management Department

5.0

• posted on 13 Mar 2022

5.0

for Salary and Benefits

Likes

Comany is very good and they give chance to not just only people from big named colleges but to also who are from little known colleges but are highly skilled

Salary - Excellent

+6 more

Dislikes

Salary growth is less, and they have no differentiation in their service so it becomes very difficult to convincr customers to take loan from us than hdfc or any big bank or nbfc

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

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JM Financial State Head Credit Salary FAQs

What is the salary of State Head Credit at JM Financial ?

The average salary of a State Head Credit at JM Financial in India typically ranges from ₹16.0 Lakhs to ₹20.5 Lakhs per year, depending on experience (from 6 years to 19 years).

The top 10% of State Head Credit at JM Financial earn more than ₹20.5 Lakhs per year, and the top 1% earn over ₹20.5 Lakhs per year. State Head Credit 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 4 JM Financial employees in India.

What is the estimated take home salary of a State Head Credit at JM Financial in India?

The estimated take-home salary of a State Head Credit at JM Financial in India typically ranges from ₹1,24,422 to ₹1,28,268 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹20.5 Lakhs per year for employees with experience ranging from 6 years to 19 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 JM Financial. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than JM Financial for State Head Credit in India?

PNB Housing Finance	₹17.6 Lakhs to ₹33.3 Lakhs per year
Protium Finance	₹15.0 Lakhs to ₹27.8 Lakhs per year
Mahindra Rural Housing Finance	₹10.5 Lakhs to ₹26.0 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 State Head Credit in companies similar to JM Financial in India?

The salary of a State Head Credit at companies similar to JM Financial in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IDFC FIRST Bank	₹16.0 Lakhs to ₹30.0 Lakhs per year
Avanse Financial Services	₹13.0 Lakhs to ₹14.9 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 State Head Credit at JM Financial in India?

The salary growth for a State Head Credit at JM Financial depends on factors such as experience, performance, and promotions. On average, a State Head Credit can expect the following growth trajectory at JM Financial:

Experience	Average Salary Range
6 years	₹17.6 Lakhs to ₹22.4 Lakhs per year
15 years	₹16.0 Lakhs to ₹20.5 Lakhs per year

and so on.

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JM Financial State Head Credit Salaries

JM Financial State Head Credit salary in India ranges between ₹16 Lakhs to ₹20.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 JM Financial latest salaries received from various employees of JM Financial.