L&T Finance Senior Product Manager Salaries by 40+ Employees (Updated 2025)

1 - 13 years exp.

₹8.7 Lakhs - ₹29 Lakhs

Salary of majority employees

Fixed (85%)

₹18.4 Lakhs

Variable (15%)

₹3.2 Lakhs

38% less than the average Senior Product Manager Salary in NBFC Companies for 1 - 13 years of experience

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Salaries in different departments

Product Management Senior Product Manager Salary 1 - 13 years exp. (26 salaries)	₹9.8 L/yr - ₹29 L/yr
Project & Program Management Senior Product Manager Salary 8 - 11 years exp. (3 salaries)	₹19.5 L/yr - ₹26.6 L/yr
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Strategic & Top Management Senior Product Manager Salary 3 - 4 years exp. (3 salaries)	₹10.2 L/yr - ₹21.2 L/yr
BFSI, Investments & Trading Senior Product Manager Salary 5 - 13 years exp. (AmbitionBox Estimate)	₹18.2 L/yr - ₹26.1 L/yr

Last Updated: 19 Feb 2025

Companies similar to L&T Finance for Senior Product Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Senior Product Manager Salary 3 - 8 years exp. (74 salaries)	₹11 L/yr - ₹30 L/yr 19% less
HDFC Bank Senior Product Manager Salary 5 - 11 years exp. (154 salaries)	₹10.3 L/yr - ₹35 L/yr 1% less
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ICICI Bank Senior Product Manager Salary 2 - 9 years exp. (405 salaries)	₹10 L/yr - ₹35 L/yr 11% more
Kotak Mahindra Bank Senior Product Manager Salary 1 - 9 years exp. (156 salaries)	₹9 L/yr - ₹28 L/yr 10% less
Axis Bank Senior Product Manager Salary 2 - 9 years exp. (191 salaries)	₹10.1 L/yr - ₹32 L/yr 2% less
Tata Capital Senior Product Manager Salary 2 - 10 years exp. (32 salaries)	₹10.5 L/yr - ₹28.3 L/yr 7% less
Mahindra Finance Senior Product Manager Salary 4 - 11 years exp. (7 salaries)	₹14.3 L/yr - ₹23 L/yr 20% less
Aditya Birla Capital Senior Product Manager Salary 4 - 10 years exp. (21 salaries)	₹18.3 L/yr - ₹46.4 L/yr 33% more
Shriram Finance Senior Product Manager Salary 3 - 9 years exp. (11 salaries)	₹4.8 L/yr - ₹12.1 L/yr 48% less
IIFL Finance Senior Product Manager Salary 3 - 8 years exp. (15 salaries)	₹16 L/yr - ₹42 L/yr 21% more	1 job opening
SMFG India Credit Senior Product Manager Salary 3 - 12 years exp. (10 salaries)	₹9.8 L/yr - ₹32 L/yr 6% less
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Capri Global Capital Senior Product Manager Salary 6 - 13 years exp. (4 salaries)	₹17.4 L/yr - ₹39.5 L/yr 42% more
CreditAccess Grameen Senior Product Manager Salary 6 - 9 years exp. (4 salaries)	₹15 L/yr - ₹17 L/yr 24% less
Sammaan Capital Limited Senior Product Manager Salary 6 - 10 years exp. (4 salaries)	₹13 L/yr - ₹38 L/yr 5% less
Poonawalla Fincorp Senior Product Manager Salary 8 - 15 years exp. (4 salaries)	₹16 L/yr - ₹21 L/yr 15% less
TVS Credit Senior Product Manager Salary 0 - 17 years exp. (3 salaries)	₹14 L/yr - ₹32 L/yr 3% less

Senior Product Manager salary at L&T Finance ranges between ₹8.7 Lakhs to ₹29 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 40 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Senior Product Manager salaries

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹10.3 L/yr - ₹32.3 L/yr
2 years (AmbitionBox Estimate)	₹18 L/yr - ₹33.4 L/yr
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3 years (3 salaries)	₹11.4 L/yr - ₹34.5 L/yr
4 years (5 salaries)	₹8 L/yr - ₹35.6 L/yr
5 years (5 salaries)	₹12.4 L/yr - ₹36.7 L/yr
6 years (6 salaries)	₹15.4 L/yr - ₹29 L/yr
7 years (4 salaries)	₹13.2 L/yr - ₹27.5 L/yr
8 years (4 salaries)	₹20 L/yr - ₹28 L/yr
9 years (AmbitionBox Estimate)	₹19.5 L/yr - ₹41.1 L/yr
10 years (AmbitionBox Estimate)	₹21.7 L/yr - ₹42.2 L/yr
11 years (AmbitionBox Estimate)	₹19 L/yr - ₹43.3 L/yr
12 years (AmbitionBox Estimate)	₹21 L/yr - ₹44.4 L/yr
13 years (AmbitionBox Estimate)	₹21 L/yr - ₹45.5 L/yr

View all

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(5 salaries)

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Digital Product Manager Salary

(4 salaries)

₹13.6 L/yr - ₹18 L/yr

Product Manager Salary

(219 salaries)

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Associate Product Manager Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Assistant Product Manager Salary

(5 salaries)

₹5.05 L/yr - ₹13 L/yr

Project Manager Salary

(13 salaries)

₹6 L/yr - ₹14.16 L/yr

Production Manager Salary

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₹6.25 L/yr - ₹11 L/yr

Product Owner Salary

(AmbitionBox Estimate)

₹40.5 L/yr - ₹51.7 L/yr

Program Manager Salary

(AmbitionBox Estimate)

₹41.4 L/yr - ₹52.9 L/yr

Senior Consultant Salary

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Salary related reviews for L&T Finance

3.7

Rated by 4 employees for salary & benefits

Product Manager in Mumbai

Full Time

Consulting Department

3.0

• posted on 17 Jan 2022

2.0

for Salary and Benefits

Likes

Work culture is aggressive. Management is good. But if you’re a part of rural finance team (which I was) work life balance is difficult. Learning opportunities are great. I learnt a lot as a product manager.

Job security - Good

Dislikes

Work life balance. Favouritism. Politics. Low compensation (2020 no hike was given to any staff, 2021 (5%-8%) was hike. Pay is not that great as to the market standard.

Salary - Poor

+2 more

Product Manager in Mumbai

Product Management Department

1.0

• posted on 06 Apr 2021

2.0

for Salary and Benefits

Likes

The one thing I would say is nice about this place is that it provides equal opportunity to everyone, no matter if they are freshers. A lot of learning opportunities are there and they can get hands on experience at a young stage in career as well.

Dislikes

... You will never get a day off, not even Sundays. Weekends are off only on paper. They expect you to work 24/7 and provide very less pay for the work they make you do.

Salary - Poor

+4 more

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

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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L&T Finance Senior Product Manager Salary FAQs

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

Senior Product Manager salary at L&T Finance in India ranges between ₹8.7 Lakhs to ₹29.0 Lakhs for experience between 1 years to 13 years. According to our estimates it is 38% less than the average Senior Product Manager Salary in India. Salary estimates are based on 40 latest salaries received from various employees of L&T Finance India.

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

The average salary of a Senior Product Manager at L&T Finance is 38% less than the average salary of a Senior Product Manager in India. To know exact salary insights, login to view.

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

Capri Global Capital Senior Product Manager Salary - ₹17.4 Lakhs to ₹39.5 Lakhs per year
Aditya Birla Capital Senior Product Manager Salary - ₹18.3 Lakhs to ₹46.4 Lakhs per year
IIFL Finance Senior Product Manager Salary - ₹16.0 Lakhs to ₹42.0 Lakhs per year
ICICI Bank Senior Product Manager Salary - ₹10.0 Lakhs to ₹35.0 Lakhs per year

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

HDFC Bank Senior Product Manager Salary - ₹10.3 Lakhs to ₹35.0 Lakhs per year
Axis Bank Senior Product Manager Salary - ₹10.1 Lakhs to ₹32.0 Lakhs per year
TVS Credit Senior Product Manager Salary - ₹14.0 Lakhs to ₹32.0 Lakhs per year
Sammaan Capital Limited Senior Product Manager Salary - ₹13.0 Lakhs to ₹38.0 Lakhs per year
SMFG India Credit Senior Product Manager Salary - ₹9.8 Lakhs to ₹32.0 Lakhs per year

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

The estimated take-home salary of a Senior Product Manager at L&T Finance ranges between ₹1,40,344 per month to ₹1,45,554 per month in India. The take-home salary calculation is based on the average L&T Finance Senior Product Manager salary in India which ranges between ₹8.7 Lakhs to ₹29.0 Lakhs per year for employees with experience between 1 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Senior Product Manager at L&T Finance?

According to AmbitionBox, 92% of the L&T Finance Senior Product Managers reported a notice period of 3 Months, 8% reported a notice period of 2 Months.This is based on 26 responses on AmbitionBox in last 2 years.

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L&T Finance Senior Product Manager Salaries

L&T Finance Senior Product Manager salary in India ranges between ₹8.7 Lakhs to ₹29 Lakhs with an average annual salary of ₹. Salary estimates are based on 40 L&T Finance latest salaries received from various employees of L&T Finance.