Mahindra & Mahindra Mumbai Senior Associate Salaries by 10+ Employees (Updated 2025)

3 - 10 years exp.

₹2.5 Lakhs - ₹6 Lakhs

Avg. annual salary

Monthly In-hand Salary

56% less than the average Senior Associate Salary in Automobile Companies for 3 - 10 years of experience

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Salaries in different departments

Finance & Accounting Senior Associate Salary 3 - 10 years exp. (6 salaries)	₹2.7 L/yr - ₹5.6 L/yr
Procurement & Supply Chain Senior Associate Salary 4 - 7 years exp. (3 salaries)	₹4.2 L/yr - ₹6 L/yr
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Customer Success, Service & Operations Senior Associate Salary 6 - 10 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.7 L/yr

Last Updated: 26 Feb 2025

Companies similar to Mahindra & Mahindra for Senior Associate in Mumbai

Mahindra & Mahindra Senior Associate Salary

3 - 10 years exp. (12 salaries)

₹2.5 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
SS&C TECHNOLOGIES Senior Associate Salary 0 - 8 years exp. (2.2k salaries)	₹2.4 L/yr - ₹10 L/yr 43% more	17 job openings
WNS Senior Associate Salary 0 - 10 years exp. (1.5k salaries)	₹1.5 L/yr - ₹7.5 L/yr 6% less	8 job openings
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PwC Senior Associate Salary 0 - 12 years exp. (1.3k salaries)	₹8 L/yr - ₹31.4 L/yr 298% more	739 job openings
TCS Senior Associate Salary 0 - 14 years exp. (1.2k salaries)	₹2 L/yr - ₹7.5 L/yr 4% more
BNP Paribas Senior Associate Salary 1 - 11 years exp. (868 salaries)	₹4 L/yr - ₹15 L/yr 100% more

Senior Associate salary at Mahindra & Mahindra ranges between ₹2.5 Lakhs to ₹6 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 12 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Senior Associate salaries in Mumbai

Last Updated: 26 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.2 L/yr
4 years (3 salaries)	₹2.7 L/yr - ₹6 L/yr
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5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
6 years (3 salaries)	₹2.5 L/yr - ₹5 L/yr
7 years (3 salaries)	₹2.7 L/yr - ₹6 L/yr
8 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
9 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
10 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr

View all

Similar Designation salaries in Mahindra & Mahindra

Software Engineer Salary

(5 salaries)

₹4.65 L/yr - ₹11 L/yr

Technical Lead Salary

(3 salaries)

₹7.8 L/yr - ₹23 L/yr

System Engineer Salary

(3 salaries)

₹7.72 L/yr - ₹12 L/yr

Salary related reviews for Mahindra & Mahindra

1.3

Rated by 2 employees for salary & benefits

Senior Associate in Mumbai

Finance & Accounting Department

2.0

• posted on 29 Jun 2022

1.0

for Salary and Benefits

Likes

Yes .. automation is a part where we can learn invention cause to develop our self

Skill development - Good

Dislikes

Bad experience due to internal politics with senior. Where senior are unable to allocate work task as well as compensation. After resignation of mine boss are not able to gain promotion

Salary - Bad

+3 more

Senior Associate in Lucknow

Full Time

Finance & Accounting Department

3.0

• posted on 18 Nov 2024

3.0

for Salary and Benefits

Likes

Work culture Some say that the work culture is good and that the company is people friendly.

Skill development - Good

Dislikes

Salary: Some say that the salary is low compared to the job description Growth: Some say that there is slow growth for existing employees Work-life balance: Some say that the work-life balance is unstable Management: Some say that there is too much hierarchical management

Promotions - Poor

Senior Software Engineer in Coimbatore

Full Time

Engineering - Software & QA Department

2.0

• posted on 25 Dec 2024

3.0

for Salary and Benefits

Likes

I only like work. Except for that work life balance is not good Compensation is ok Hike ok Overall company culture is not good

Skill development - Good

Dislikes

Company culture It feels like we worked for 3 yr but actually its 1.5 yr only. With this example I think you can guess what I'm trying to say.

Company culture - Bad

+1 more

Senior Engineer in Chennai

Full Time

Engineering - Software & QA Department

1.0

• posted on 07 Sep 2024

2.0

for Salary and Benefits

Likes

thaar car only.

Dislikes

...ce coverage is 100000 for employee family.wont get insurance related assistants.no good salary hikes. No work life balance. There is no leaderships who motivates employees and maintain a good work culture.

Salary - Poor

+6 more

Senior Engineer in Chennai

Full Time

Research & Development Department

4.0

• posted on 04 Feb 2023

4.0

for Salary and Benefits

Likes

1.Diverse work culture. 2.Very good for beginners. Lot of learnings are there. 3. Job security is good 4. Health related support from Management is good. They support in all possible extent for their employees and their family health.

Salary - Good

+4 more

Dislikes

...nd officer to put more time to complete the task. 2. Promotion and hike system. Pay is good it is average when compared to market. But for achieving this person need to work daily 3hrs extra. 3. No process. Yes there is a process. But due to congested project timelines, process always get skipped. 4. Manager always paid more in term of percentage. Management mindset is to keep manager at their end. so they can train any operational level engineer easily.

Work-life balance - Poor

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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 Senior Associate Salary FAQs

What is the salary of Senior Associate at Mahindra & Mahindra in Mumbai?

The average salary of a Senior Associate at Mahindra & Mahindra in Mumbai typically ranges from ₹2.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 3 years to 10 years).

The top 10% of Senior Associate in Mumbai at Mahindra & Mahindra earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Senior Associate 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 Senior Associate at Mahindra & Mahindra in Mumbai?

The estimated take-home salary of a Senior Associate at Mahindra & Mahindra in Mumbai typically ranges from ₹34,746 to ₹35,990 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 3 years to 10 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 Senior Associate in India?

PwC	₹8.0 Lakhs to ₹31.4 Lakhs per year
BNP Paribas	₹4.0 Lakhs to ₹15.0 Lakhs per year
SS&C TECHNOLOGIES	₹2.4 Lakhs to ₹10.0 Lakhs per year
TCS	₹2.0 Lakhs to ₹7.5 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.

What is the salary of a Senior Associate in companies similar to Mahindra & Mahindra in Mumbai?

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

WNS	₹1.5 Lakhs to ₹7.5 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 Associate at Mahindra & Mahindra in Mumbai?

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

Experience	Average Salary Range
3 years	₹4.0 Lakhs to ₹5.2 Lakhs per year
4 years	₹2.7 Lakhs to ₹6.0 Lakhs per year
5 years	₹4.1 Lakhs to ₹5.3 Lakhs per year
6 years	₹2.5 Lakhs to ₹5.0 Lakhs per year

and so on.

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Mahindra & Mahindra Senior Associate Salaries in Mumbai

Mahindra & Mahindra Senior Associate salary in Mumbai ranges between ₹2.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.