Mahindra & Mahindra Chennai Relationship Manager Salaries by 4 Employees

1 - 8 years exp.

₹2.6 Lakhs - ₹3.9 Lakhs

Avg. annual salary

Monthly In-hand Salary

38% less than the average Relationship Manager Salary in Automobile Companies for 1 - 8 years of experience

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Salaries in different departments

Sales & Business Development Relationship Manager Salary 2 - 8 years exp. (3 salaries)	₹2.6 L/yr - ₹3.9 L/yr
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Research & Development Relationship Manager Salary 1 year exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr

Last Updated: 16 Mar 2023

Companies similar to Mahindra & Mahindra for Relationship Manager in Chennai

Mahindra & Mahindra Relationship Manager Salary

1 - 8 years exp. (4 salaries)

₹2.6 L/yr - ₹3.9 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Relationship Manager Salary 0 - 18 years exp. (1.2k salaries)	₹2.3 L/yr - ₹10.3 L/yr 99% more	1 job opening
HDFC Bank Relationship Manager Salary 0 - 15 years exp. (429 salaries)	₹2 L/yr - ₹11.5 L/yr 93% more	68 job openings
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City Union Bank Relationship Manager Salary 0 - 8 years exp. (278 salaries)	₹2.2 L/yr - ₹7 L/yr 18% more
RBL Bank Relationship Manager Salary 0 - 10 years exp. (146 salaries)	₹2.2 L/yr - ₹7.5 L/yr 31% more	4 job openings
Tata AIA Life Insurance Relationship Manager Salary 0 - 10 years exp. (136 salaries)	₹2.5 L/yr - ₹5.5 L/yr 16% more	39 job openings

Relationship Manager salary at Mahindra & Mahindra ranges between ₹2.6 Lakhs to ₹3.9 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Relationship Manager salaries in Chennai

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
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3 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr

View all

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Salary related reviews for Mahindra & Mahindra

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.

Area Sales Manager in Udaipur

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

Likes - Government type of job Easy peasy attitude Good systems Permanent job with zero attrition rate

Job security - Excellent

+1 more

Dislikes

No promotions Low salary structure (like labour) No one to hear your grievances Self narcissistic culture of working in a big brand Most of the divisions are loss making except auto and tractor division Expenses right out of your pocket for company work

Promotions - Poor

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

Sales Manager in Raipur

Full Time

Data Science & Analytics Department

1.0

• posted on 08 Jun 2019

1.0

for Salary and Benefits

Likes

Working for mahindra is good but when it comes to mahindra dealership it is complete terrible salary package is worst incentives which is told by dealer are never given by them Sales Executise are treated in a very bad manner Overall working for dealerships are at it worsy

Dislikes

Salary - Bad
Skill development - Bad

+4 more

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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 Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Mahindra & Mahindra in Chennai?

The average salary of a Relationship Manager at Mahindra & Mahindra in Chennai typically ranges from ₹2.6 Lakhs to ₹3.9 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Relationship Manager in Chennai at Mahindra & Mahindra earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹3.9 Lakhs per year. Relationship 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 4 Mahindra & Mahindra employees in India.

What is the estimated take home salary of a Relationship Manager at Mahindra & Mahindra in Chennai?

The estimated take-home salary of a Relationship Manager at Mahindra & Mahindra in Chennai typically ranges from ₹25,206 to ₹26,641 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹3.9 Lakhs per year for employees with experience ranging from 1 year to 8 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 Mahindra & Mahindra. Check how we calculate in-hand salary with our in-hand salary calculator.

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

ICICI Bank	₹2.3 Lakhs to ₹10.3 Lakhs per year
HDFC Bank	₹2.0 Lakhs to ₹11.5 Lakhs per year
RBL Bank	₹2.2 Lakhs to ₹7.5 Lakhs per year
City Union Bank	₹2.2 Lakhs to ₹7.0 Lakhs per year
Tata AIA Life Insurance	₹2.5 Lakhs to ₹5.5 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.

How the salary growth look like for a Relationship Manager at Mahindra & Mahindra in Chennai?

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

Experience	Average Salary Range
1 year	₹3.1 Lakhs to ₹4.0 Lakhs per year
2 years	₹3.1 Lakhs to ₹4.0 Lakhs per year
3 years	₹3.1 Lakhs to ₹4.0 Lakhs per year
4 years	₹3.1 Lakhs to ₹4.0 Lakhs per year

and so on.

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Mahindra & Mahindra Relationship Manager Salaries in Chennai

Mahindra & Mahindra Relationship Manager salary in Chennai ranges between ₹2.6 Lakhs to ₹3.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.