L&T Finance Mumbai Senior Product Manager Salaries by 30+ Employees (Updated 2025)

1 - 13 years exp.

₹8.6 Lakhs - ₹28.9 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

36% 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. (24 salaries)	₹8 L/yr - ₹28 L/yr
Project & Program Management Senior Product Manager Salary 8 - 11 years exp. (3 salaries)	₹19.5 L/yr - ₹21 L/yr
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Strategic & Top Management Senior Product Manager Salary 3 - 4 years exp. (3 salaries)	₹10.2 L/yr - ₹21.3 L/yr
BFSI, Investments & Trading Senior Product Manager Salary 5 - 13 years exp. (AmbitionBox Estimate)	₹18.2 L/yr - ₹21.5 L/yr

Last Updated: 5 Apr 2025

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

L&T Finance Senior Product Manager Salary

1 - 13 years exp. (39 salaries)

₹8.6 L/yr - ₹28.9 L/yr

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit Senior Product Manager Salary 3 - 12 years exp. (11 salaries)	₹24.9 L/yr - ₹33 L/yr 33% more
IIFL Finance Senior Product Manager Salary 3 - 5 years exp. (5 salaries)	₹12 L/yr - ₹31.9 L/yr 16% more	2 job openings
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Mahindra Finance Senior Product Manager Salary 4 - 9 years exp. (5 salaries)	₹17.1 L/yr - ₹23 L/yr 11% less
Shriram Finance Senior Product Manager Salary 3 - 9 years exp. (5 salaries)	₹12.7 L/yr - ₹14.3 L/yr 33% less	1 job opening
Sammaan Capital Limited Senior Product Manager Salary 6 - 9 years exp. (3 salaries)	₹13 L/yr - ₹18 L/yr 27% less

Senior Product Manager salary at L&T Finance ranges between ₹8.6 Lakhs to ₹28.9 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 39 latest salaries received from various employees of L&T Finance.

Latest annual salaries shared by L&T Finance Senior Product Manager in Mumbai

4d ago

₹12 Lakhs

4 years exp.

1w ago

₹22 Lakhs

11 years exp.

1w ago

₹21 Lakhs

13 years exp.

3w ago

₹28 Lakhs

8 years exp.

3w ago

₹28.9 Lakhs

7 years exp.

1mo ago

2 years exp.

1mo ago

11 years exp.

1mo ago

10 years exp.

2mo ago

6 years exp.

3mo ago

11 years exp.

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

Last Updated: 5 Apr 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹10.3 L/yr - ₹29.1 L/yr
2 years (AmbitionBox Estimate)	₹15.2 L/yr - ₹19.4 L/yr
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3 years (3 salaries)	₹11.4 L/yr - ₹31.5 L/yr
4 years (5 salaries)	₹8 L/yr - ₹32.7 L/yr
5 years (4 salaries)	₹12.4 L/yr - ₹33.9 L/yr
6 years (5 salaries)	₹15.4 L/yr - ₹27 L/yr
7 years (4 salaries)	₹13.2 L/yr - ₹28.9 L/yr
8 years (4 salaries)	₹20 L/yr - ₹28 L/yr
9 years (AmbitionBox Estimate)	₹19.4 L/yr - ₹24.8 L/yr
10 years (AmbitionBox Estimate)	₹20 L/yr - ₹25.5 L/yr
11 years (3 salaries)	₹19 L/yr - ₹41.2 L/yr
12 years (AmbitionBox Estimate)	₹21.2 L/yr - ₹27.1 L/yr
13 years (AmbitionBox Estimate)	₹21.8 L/yr - ₹27.8 L/yr

View all

Similar Designation salaries in L&T Finance

Product Manager Salary

(182 salaries)

₹5 L/yr - ₹18.5 L/yr

Project Manager Salary

(13 salaries)

₹6 L/yr - ₹14.16 L/yr

Senior Project Manager Salary

(5 salaries)

₹10.98 L/yr - ₹21.28 L/yr

Assistant Product Manager Salary

(5 salaries)

₹5.1 L/yr - ₹13 L/yr

Digital Product Manager Salary

(4 salaries)

₹13.6 L/yr - ₹18.1 L/yr

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

Sales Executive in Chandigarh

Full Time

Finance & Accounting Department

4.0

• posted on 24 Mar 2025

5.0

for Salary and Benefits

Likes

This is a very good company. Company culture is also good and all co-workers are very helpful and 24 hour salary system is also very good.And the company has a very good health policy

Salary - Excellent

+3 more

Dislikes

The company is good but the salary is not right as per the time, it is very less and neither is the incentive structure right

Promotions - Poor

Assistant Manager in Coimbatore

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 23 Mar 2025

5.0

for Salary and Benefits

Likes

Salary and incentives are really good.If u work it's worth really.. promotion no issues

Salary - Excellent

+2 more

Dislikes

The big problem is incapablity peoples in big position like TM,RM,SRM they are not have the capability to be a BM

Skill development - Bad

+3 more

Branch Manager in Hanwada

Full Time

Finance & Accounting Department

4.0

• posted on 10 Feb 2025

4.0

for Salary and Benefits

Likes

Work life Salary Skill development

Salary - Good

+4 more

Dislikes

Some kind of aggressive mentors monitoring, It's too worst to face and use some salary to work comparision words continue revert by supervisor and superior officials

see more salary related reviews

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Top trending discussions

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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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L&T Finance Senior Product Manager Salary FAQs

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

The average salary of a Senior Product Manager at L&T Finance in Mumbai typically ranges from ₹8.6 Lakhs to ₹28.9 Lakhs per year, depending on experience (from 1 year to 13 years).

The top 10% of Senior Product Manager in Mumbai at L&T Finance earn more than ₹26.0 Lakhs per year, and the top 1% earn over ₹28.9 Lakhs per year. Senior Product Manager Salaries at L&T 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 30+ L&T Finance employees in India.

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

The estimated take-home salary of a Senior Product Manager at L&T Finance in Mumbai typically ranges from ₹1,32,760 to ₹1,37,626 per month. This is based on the average salary range of ₹8.6 Lakhs to ₹28.9 Lakhs per year for employees with experience ranging from 1 year 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 30+ salaries received from various employees of L&T Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than L&T Finance for Senior Product Manager in India?

SMFG India Credit	₹24.9 Lakhs to ₹33.0 Lakhs per year
IIFL Finance	₹12.0 Lakhs to ₹31.9 Lakhs per year

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

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

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

Mahindra Finance	₹17.1 Lakhs to ₹23.0 Lakhs per year
Sammaan Capital Limited	₹13.0 Lakhs to ₹18.0 Lakhs per year
Shriram Finance	₹12.7 Lakhs to ₹14.3 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 Senior Product Manager at L&T Finance in Mumbai?

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

Experience	Average Salary Range
1 year	₹10.3 Lakhs to ₹29.1 Lakhs per year
2 years	₹15.2 Lakhs to ₹19.4 Lakhs per year
3 years	₹11.4 Lakhs to ₹31.5 Lakhs per year
4 years	₹8.0 Lakhs to ₹32.7 Lakhs per year

and so on.

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L&T Finance Senior Product Manager Salaries in Mumbai

L&T Finance Senior Product Manager salary in Mumbai ranges between ₹8.6 Lakhs to ₹28.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 39 L&T Finance latest salaries received from various employees of L&T Finance.