L&T Finance Mumbai Senior Manager 1 Salaries by 5 Employees (Updated 2025)

5 - 11 years exp.

₹15 Lakhs - ₹19.5 Lakhs

Salary of majority employees

Fixed (85%)

₹14.8 Lakhs

Variable (15%)

₹2.6 Lakhs

At par with the average Senior Manager 1 Salary in NBFC Companies for 5 - 11 years of experience

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Salaries in different departments

Finance & Accounting Senior Manager 1 Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹19.5 L/yr
Consulting Senior Manager 1 Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹15 L/yr - ₹15.8 L/yr
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BFSI, Investments & Trading Senior Manager 1 Salary 5 years exp. (AmbitionBox Estimate)	₹16.7 L/yr - ₹20.4 L/yr

Last Updated: 12 Feb 2025

Companies similar to L&T Finance for Senior Manager 1 in Mumbai

L&T Finance Senior Manager 1 Salary

5 - 11 years exp. (5 salaries)

₹15 L/yr - ₹19.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Bank Senior Manager 1 Salary 13 - 20 years exp. (5 salaries)	₹12 L/yr - ₹17.1 L/yr 29% less
ICICI Prudential Life Insurance Senior Manager 1 Salary 1 - 15 years exp. (73 salaries)	₹11 L/yr - ₹21 L/yr 7% less
Login to view exact salary
Capgemini Senior Manager 1 Salary 15 - 16 years exp. (5 salaries)	₹28 L/yr - ₹29.4 L/yr 69% more
Jio Senior Manager 1 Salary 15 - 16 years exp. (4 salaries)	₹15.5 L/yr - ₹20.2 L/yr 3% less
Whitehat jr Senior Manager 1 Salary 6 - 9 years exp. (4 salaries)	₹7 L/yr - ₹15 L/yr 38% less

Senior Manager 1 salary at L&T Finance ranges between ₹15 Lakhs to ₹19.5 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Senior Manager 1 salaries in Mumbai

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹16.7 L/yr - ₹21.3 L/yr
7 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
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8 years (AmbitionBox Estimate)	₹14.2 L/yr - ₹18.1 L/yr
10 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr
11 years (AmbitionBox Estimate)	₹17.6 L/yr - ₹22.4 L/yr

Similar Designation salaries in L&T Finance

Credit Manager Salary

(19 salaries)

₹6 L/yr - ₹12.65 L/yr

Project Manager Salary

(13 salaries)

₹6 L/yr - ₹14.16 L/yr

Technical Manager Salary

(4 salaries)

₹5.5 L/yr - ₹12 L/yr

Senior Associate Salary

(4 salaries)

₹1.95 L/yr - ₹6.7 L/yr

Salary related reviews for L&T Finance

Senior Manager in Mumbai

Full Time

Human Resources Department

3.0

• posted on 24 Jan 2025

3.0

for Salary and Benefits

Likes

The work culture is dramatically different from before after the Leadership change. It’s all about work life balance and flexibility now.

Work-life balance - Good

Dislikes

While the work culture has improved there’s now a decline in opportunities for salary growth and promotions.

Skill development - Poor

+4 more

Team Manager in Mumbai

Full Time

Human Resources Department

4.0

• posted on 26 Dec 2024

5.0

for Salary and Benefits

Likes

Best company for Initiating the career Best in Class Salary and Compensation structure Best Terminal Benefits I come across Ambitious culture which surely can accelerate your career

Salary - Excellent

+1 more

Dislikes

Things decided by Middle Managers. Focused on short term achievement than sustainable development. Focused only on their own role and it will result in poor implementation. Duplicate reports and change according to the stakeholders.

Promotions - Poor

Branch Manager in Madhubani

Full Time

Finance & Accounting Department

2.0

• posted on 01 Dec 2024

4.0

for Salary and Benefits

Likes

Salary credit on time in any condition

Salary - Good

+1 more

Dislikes

Leave Policy.if the senior wishes,he will make him work for 30 days in a month's.There is no Hr Policy.secondly even if you are eligible for prmotion,if your senior does not wants it then will not get promotion,and if your senior wants it but is not eligible then he will also get promotion.There is no Hr Policy at all.

Job security - Bad

+4 more

Regional Process Manager in Kolkata

Full Time

Finance & Accounting Department

3.0

• posted on 26 Sep 2024

4.0

for Salary and Benefits

Likes

I am working in L&T last 4.6 years and I hope in good salary and appraisal time to time and future growth seen High.

Salary - Good

+3 more

Dislikes

I am facing issue about life balance. Not spend time with family and more concerned about job timing. Job timing and Saturday, Sunday working are very concerned area.

Company culture - Poor

+1 more

Branch Manager in Kochi

Full Time

Other Department

1.0

• posted on 01 Jul 2024

1.0

for Salary and Benefits

Likes

Nothing here to be liked

Dislikes

...ated people to save their job. If you complaints, you will be their next target. Mandatory yearly bonus is a part of your salary. Actually its not given. Always cutting your incentives.

Salary - Bad

+6 more

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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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L&T Finance Senior Manager 1 Salary FAQs

What is the salary of Senior Manager 1 at L&T Finance Mumbai?

Senior Manager 1 salary at L&T Finance in Mumbai ranges between ₹15.0 Lakhs to ₹19.5 Lakhs for experience between 5 years to 11 years. According to our estimates it is 4% less than the average Senior Manager 1 Salary in India. Salary estimates are based on 5 latest salaries received from various employees of L&T Finance Mumbai.

How does the salary of a Senior Manager 1 at L&T Finance Mumbai compare with the average salary range for this job?

The average salary of a Senior Manager 1 at L&T Finance is 4% less than the average salary of a Senior Manager 1 in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than L&T Finance to a Senior Manager 1 in Mumbai?

Capgemini Senior Manager 1 Salary - ₹28.0 Lakhs to ₹29.4 Lakhs per year

What is the salary of a Senior Manager 1 in companies similar to L&T Finance in Mumbai?

Jio Senior Manager 1 Salary - ₹15.5 Lakhs to ₹20.2 Lakhs per year
ICICI Prudential Life Insurance Senior Manager 1 Salary - ₹11.0 Lakhs to ₹21.0 Lakhs per year
Axis Bank Senior Manager 1 Salary - ₹12.0 Lakhs to ₹17.1 Lakhs per year
Whitehat jr Senior Manager 1 Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year

What is the estimated take home salary of a Senior Manager 1 at L&T Finance in Mumbai?

The estimated take-home salary of a Senior Manager 1 at L&T Finance ranges between ₹1,17,286 per month to ₹1,20,566 per month in Mumbai. The take-home salary calculation is based on the average L&T Finance Senior Manager 1 salary in India which ranges between ₹15.0 Lakhs to ₹19.5 Lakhs per year for employees with experience between 5 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Senior Manager 1 at L&T Finance in Mumbai?

According to AmbitionBox, 67% of the L&T Finance Senior Manager 1s in Mumbai reported a notice period of 3 Months, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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L&T Finance Senior Manager 1 Salaries in Mumbai

L&T Finance Senior Manager 1 salary in Mumbai ranges between ₹15 Lakhs to ₹19.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 L&T Finance latest salaries received from various employees of L&T Finance.