Mahindra Finance Chennai Area Collection Manager Salaries by 10 Employees (Updated 2024)

10 - 16 years exp.

₹4.9 Lakhs - ₹8.9 Lakhs

Salary of majority employees

27% less than the average Area Collection Manager Salary in NBFC Companies for 10 - 16 years of experience

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Salaries in different departments

Finance & Accounting Area Collection Manager Salary 10 - 16 years exp. (7 salaries)	₹5 L/yr - ₹8.9 L/yr
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BFSI, Investments & Trading Area Collection Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹4.9 L/yr - ₹7 L/yr

Last Updated: 5 Dec 2024

Companies similar to Mahindra Finance for Area Collection Manager in Chennai

Mahindra Finance Area Collection Manager Salary

10 - 16 years exp. (10 salaries)

₹4.9 L/yr - ₹8.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Area Collection Manager Salary 5 - 15 years exp. (19 salaries)	₹5.5 L/yr - ₹18 L/yr 54% more
ICICI Bank Area Collection Manager Salary 10 - 15 years exp. (4 salaries)	₹7.5 L/yr - ₹11.1 L/yr 55% more
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Axis Bank Area Collection Manager Salary 14 - 16 years exp. (3 salaries)	₹7.5 L/yr - ₹12 L/yr 75% more
LendingKart Area Collection Manager Salary 8 - 18 years exp. (4 salaries)	₹7.2 L/yr - ₹22.5 L/yr 113% more
SMFG India Credit Area Collection Manager Salary 7 - 17 years exp. (4 salaries)	₹5.7 L/yr - ₹11.1 L/yr 3% less

Area Collection Manager salary at Mahindra Finance ranges between ₹4.9 Lakhs to ₹8.9 Lakhs per year for employees with experience between 10 years to 16 years. Salary estimates are based on 10 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Area Collection Manager salaries in Chennai

Last Updated: 5 Dec 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹11 L/yr
11 years (AmbitionBox Estimate)	₹5 L/yr - ₹8.9 L/yr
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12 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
13 years (AmbitionBox Estimate)	₹5 L/yr - ₹12.1 L/yr
14 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹7 L/yr
15+ years (3 salaries)	₹5 L/yr - ₹8.5 L/yr

View all

From

Area Collection Manager

₹

Lakhs/yr

7 - 18 years exp.

Divisional Manager

₹

Lakhs/yr

10 - 22 years exp.

Area Collection Manager 7 - 18 years exp.

Area Business Manager 4 - 18 years exp.

30% hike

Divisional Manager 10 - 22 years exp.

99% hike

From

1 more level

Area Collection Manager

7 - 18 years exp.

State Head

14 - 23 years exp.

View 1 more career path

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Mahindra Finance

Credit Manager Salary

(3 salaries)

₹5.4 L/yr - ₹10.13 L/yr

Branch Accounts Manager Salary

(3 salaries)

₹3.45 L/yr - ₹5.2 L/yr

Top skills at Mahindra Finance for Area Collection Manager

Collection Management Collections Team Handling Collection Management Recovery Loan Recovery Collections Team Handling Retail Sales Recovery Management Collateral Management Debt Recovery Sales Collections Strategy Recovery Operations

Salary related reviews for Mahindra Finance

2.2

Rated by 3 employees for salary & benefits

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 29 Oct 2024

5.0

for Salary and Benefits

Likes

...nt is preety good here. Ambience, work desk , cafeteria everything is top notch. Even the salary gets credited 2-3 days before the month ends.

Dislikes

So far no issues.

Collections Manager in New Delhi

Full Time

Finance & Accounting Department

4.0

• posted on 21 Jun 2023

4.0

for Salary and Benefits

Likes

Mahindra and Mahindra company is very best industry, this company staff & senior is very helpfull , & company culture and company timing is the best.

Dislikes

Mahindra and Mahindra company neither promotes it's employee nor increase the salary in appraisal.

Relationship Manager in Chandigarh

Full Time

Sales & Business Development Department

1.0

• posted on 31 Jul 2020

1.0

for Salary and Benefits

Likes

Nothing that i like about this company. They have deducted huge part of the salary (Fixed + Variable) of the employees. They have rather ditched us during the COVID 19 lockdown by deducting such a huge amount from our packages. Facing economic difficulties now due to this problem. No one is there to address to our grievances.

Dislikes

...ed targets, Last years appraisals not done with an excuse of COVID 19 impact. Huge salary cuts from existing package which has taken us 4-5 years back in terms of or career path. Blocked huge amount of salary till March 2021 so that nobody can leave the company. Career growth here is horrible.The one with good references internally can grow within the system. Lot of politics going on around the work place. Employee opinion on innovation and work related ideas is least considered. Travel expenses,Telephone expenses,Petrol/diesel expenses are stopped. Employees paying from their own pocket.

Collection Officer in Dehradoon

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 13 Nov 2022

1.0

for Salary and Benefits

Likes

There is nothing to say on this matter... Because its really unworthy to work on this company.

Dislikes

...ny. 4- high authority recommended person will get promoted rather than others. 5- doesn't want to pay their employes good enough as others companies do 6- very poor incentive slabs and criteria. Many more........things to be change..

Sales Executive in Derabassi

Finance & Accounting Department

5.0

• posted on 19 Feb 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.Teammates ase suppotive and the management is transparent. Company policies are good , appraisal are fair.

Dislikes

Salary is decent but career growth is slow. On the job training is not given to new joinees.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Mahindra Finance Area Collection Manager Salary FAQs

What is the salary of Area Collection Manager at Mahindra Finance Chennai?

Area Collection Manager salary at Mahindra Finance in Chennai ranges between ₹4.9 Lakhs to ₹8.9 Lakhs for experience between 10 years to 16 years. According to our estimates it is 27% less than the average Area Collection Manager Salary in India. Salary estimates are based on 10 latest salaries received from various employees of Mahindra Finance Chennai.

How does the salary of a Area Collection Manager at Mahindra Finance Chennai compare with the average salary range for this job?

The average salary of a Area Collection Manager at Mahindra Finance is 27% less than the average salary of a Area Collection Manager in Chennai. To know exact salary insights, login to view.

What are the top skills required to work as a Area Collection Manager at Mahindra Finance?

Collection Management, Collections, Team Handling, Collection Management and Recovery are some of the popular skills required to work as a Area Collection Manager at Mahindra Finance Chennai.

Which similar companies are paying more than Mahindra Finance to a Area Collection Manager in Chennai?

LendingKart Area Collection Manager Salary - ₹7.2 Lakhs to ₹22.5 Lakhs per year
Axis Bank Area Collection Manager Salary - ₹7.5 Lakhs to ₹12.0 Lakhs per year
ICICI Bank Area Collection Manager Salary - ₹7.5 Lakhs to ₹11.1 Lakhs per year
Bajaj Finance Area Collection Manager Salary - ₹5.5 Lakhs to ₹18.0 Lakhs per year

What is the salary of a Area Collection Manager in companies similar to Mahindra Finance in Chennai?

SMFG India Credit Area Collection Manager Salary - ₹5.7 Lakhs to ₹11.1 Lakhs per year

What is the estimated take home salary of a Area Collection Manager at Mahindra Finance in Chennai?

The estimated take-home salary of a Area Collection Manager at Mahindra Finance ranges between ₹50,495 per month to ₹51,686 per month in Chennai. The take-home salary calculation is based on the average Mahindra Finance Area Collection Manager salary in India which ranges between ₹4.9 Lakhs to ₹8.9 Lakhs per year for employees with experience between 10 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Area Collection Manager at Mahindra Finance in Chennai?

According to AmbitionBox, 88% of the Mahindra Finance Area Collection Managers in Chennai reported a notice period of 3 Months, 12% reported a notice period of 15 days or less.This is based on 8 responses on AmbitionBox in last 2 years.

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Mahindra Finance Area Collection Manager Salaries in Chennai

Mahindra Finance Area Collection Manager salary in Chennai ranges between ₹4.9 Lakhs to ₹8.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Mahindra Finance latest salaries received from various employees of Mahindra Finance.