Mahindra & Mahindra Collections Manager Salaries by 10+ Employees

2 - 11 years exp.

₹1.9 Lakh - ₹5 Lakhs

Avg. annual salary

Monthly In-hand Salary

26% less than the average Collections Manager Salary in Automobile Companies for 2 - 11 years of experience

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Salaries in different departments

Finance & Accounting Collections Manager Salary 2 - 8 years exp. (11 salaries)	₹2.2 L/yr - ₹4.6 L/yr
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BFSI, Investments & Trading Collections Manager Salary 5 - 10 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr

Last Updated: 2 Oct 2024

Companies similar to Mahindra & Mahindra for Collections Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Auto Collections Manager Salary 3 - 8 years exp. (28 salaries)	₹2.4 L/yr - ₹8 L/yr 7% more
Tata Motors Collections Manager Salary 0 - 9 years exp. (4 salaries)	₹2.5 L/yr - ₹3.7 L/yr 13% less
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Hero MotoCorp Collections Manager Salary 4 - 14 years exp. (4 salaries)	₹5.5 L/yr - ₹8 L/yr 65% more
Hinduja Group Collections Manager Salary 8 - 11 years exp. (3 salaries)	₹3.2 L/yr - ₹5.6 L/yr 14% more
Bajaj Group Collections Manager Salary 4 - 7 years exp. (3 salaries)	₹4.1 L/yr - ₹5.1 L/yr 14% more

Collections Manager salary at Mahindra & Mahindra ranges between ₹1.9 Lakh to ₹5 Lakhs per year for employees with experience between 2 years to 11 years. Salary estimates are based on 19 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Collections Manager salaries

Last Updated: 2 Oct 2024

Experience	Avg Annual Salary
2 years (3 salaries)	₹2.3 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹7.2 L/yr
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4 years (4 salaries)	₹1.9 L/yr - ₹7.3 L/yr
5 years (4 salaries)	₹1.9 L/yr - ₹4.5 L/yr
6 years (3 salaries)	₹3.2 L/yr - ₹4.3 L/yr
7 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.6 L/yr
8 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.6 L/yr
9 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
10 years (AmbitionBox Estimate)	₹4 L/yr - ₹8 L/yr
11 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5 L/yr

View all

Similar Designation salaries in Mahindra & Mahindra

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₹5.9 L/yr - ₹7.5 L/yr

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Salary related reviews for Mahindra & Mahindra

4.4

Rated by 12 employees for salary & benefits

Deputy Manager in Bangalore / Bengaluru

Full Time

Research & Development Department

4.0

• posted on 28 Dec 2023

3.0

for Salary and Benefits

Likes

1. No organisational hierarchy barrier. 2. Top management and seniors are easily approachable.

Skill development - Good

+3 more

Dislikes

1. Salary is lower compared to the work load and the top-notch job employees are doing. 2. Work-life balance is compromised many a times.

Deputy Manager in Mumbai

Full Time

Project & Program Management Department

5.0

• posted on 15 May 2023

5.0

for Salary and Benefits

Likes

Alternate Saturday off .....good work culture

Salary - Excellent

+5 more

Dislikes

... are need to more fair Need to start pick and drop facility for employees.... Need to add Sodexo cupouns as salary entity for tax benifit

Deputy Manager in Pune

Full Time

Research & Development Department

2.0

• posted on 12 Mar 2023

1.0

for Salary and Benefits

Likes

You have decision making power which helps in gaining experience hands-on.

Job security - Good

Dislikes

Work life balance, appraisal, salary benefits are in no way linked to your performance. It's all driven by internal politics. Never trust any promise made by senior management or HR department at Mahindra. 0% reliability.

Salary - Bad

+5 more

Deputy Manager in Pune

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 04 Oct 2018

3.0

for Salary and Benefits

Likes

Work Life Balance is good. Management keeps an eye on your learning needs. You are free to do innovation on your work area.

Skill development - Good

+1 more

Dislikes

Salary structure is very poor. Growth is very less compared to other automobile manufacturers.

Deputy Manager in Zaheerabad

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 30 Jan 2022

4.0

for Salary and Benefits

Likes

A lots of things to learn and u always get opportunity to prove yourself. Compensation is also good No issue of leaves

Salary - Good

+5 more

Dislikes

Production team has to do each and everything. Less support from CPE , RQA & PQA

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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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Mahindra & Mahindra Collections Manager Salary FAQs

What is the salary of Collections Manager at Mahindra & Mahindra ?

The average salary of a Collections Manager at Mahindra & Mahindra in India typically ranges from ₹1.9 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 2 years to 11 years).

The top 10% of Collections Manager at Mahindra & Mahindra earn more than ₹4.6 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Collections Manager Salaries at Mahindra & Mahindra 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 10+ Mahindra & Mahindra employees in India.

What is the estimated take home salary of a Collections Manager at Mahindra & Mahindra in India?

The estimated take-home salary of a Collections Manager at Mahindra & Mahindra in India typically ranges from ₹30,962 to ₹32,262 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 2 years to 11 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 10+ salaries received from various employees of Mahindra & Mahindra. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra & Mahindra for Collections Manager in India?

Hero MotoCorp	₹5.5 Lakhs to ₹8.0 Lakhs per year
Hinduja Group	₹3.2 Lakhs to ₹5.6 Lakhs per year
Bajaj Group	₹4.1 Lakhs to ₹5.1 Lakhs per year
Bajaj Auto	₹2.4 Lakhs to ₹8.0 Lakhs per year

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

What is the salary of a Collections Manager in companies similar to Mahindra & Mahindra in India?

The salary of a Collections Manager at companies similar to Mahindra & Mahindra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata Motors

₹2.5 Lakhs to ₹3.7 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 Collections Manager at Mahindra & Mahindra in India?

The salary growth for a Collections Manager at Mahindra & Mahindra depends on factors such as experience, performance, and promotions. On average, a Collections Manager can expect the following growth trajectory at Mahindra & Mahindra:

Experience	Average Salary Range
2 years	₹2.3 Lakhs to ₹4.0 Lakhs per year
3 years	₹2.3 Lakhs to ₹7.2 Lakhs per year
4 years	₹1.9 Lakhs to ₹7.3 Lakhs per year
5 years	₹1.9 Lakhs to ₹4.5 Lakhs per year

and so on.

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Mahindra & Mahindra Collections Manager Salaries

Mahindra & Mahindra Collections Manager salary in India ranges between ₹1.9 Lakh to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.