Mahindra Finance Assistant Manager Salaries by 200+ Employees (Updated 2025)

4 - 10 years exp.

₹2.5 Lakhs - ₹9.7 Lakhs

Salary of majority employees

39% less than the average Assistant Manager Salary in NBFC Companies for 4 - 10 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Finance & Accounting Assistant Manager Salary 4 - 10 years exp. (53 salaries)	₹2.8 L/yr - ₹9.5 L/yr
Sales & Business Development Assistant Manager Salary 4 - 10 years exp. (36 salaries)	₹2.5 L/yr - ₹6.7 L/yr
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BFSI, Investments & Trading Assistant Manager Salary 4 - 10 years exp. (23 salaries)	₹3.1 L/yr - ₹7.6 L/yr
Administration & Facilities Assistant Manager Salary 4 - 10 years exp. (13 salaries)	₹3.8 L/yr - ₹6.1 L/yr
Customer Success, Service & Operations Assistant Manager Salary 4 - 10 years exp. (12 salaries)	₹2.8 L/yr - ₹7.3 L/yr

View all

Last Updated: 16 Mar 2025

Companies similar to Mahindra Finance for Assistant Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Assistant Manager Salary 0 - 13 years exp. (1.4k salaries)	₹1.5 L/yr - ₹8.1 L/yr 8% less	850 job openings
Muthoot Finance Assistant Manager Salary 0 - 10 years exp. (746 salaries)	₹1.5 L/yr - ₹5.7 L/yr 23% less
Login to view exact salary
IIFL Finance Assistant Manager Salary 0 - 11 years exp. (696 salaries)	₹2.2 L/yr - ₹6.5 L/yr 27% less
HDB Financial Services Assistant Manager Salary 1 - 13 years exp. (536 salaries)	₹1.7 L/yr - ₹7.8 L/yr 15% less
Shriram Finance Assistant Manager Salary 0 - 15 years exp. (516 salaries)	₹0.7 L/yr - ₹6 L/yr 27% less	2 job openings
Manappuram Finance Assistant Manager Salary 0 - 7 years exp. (458 salaries)	₹1 L/yr - ₹6 L/yr 33% less	4 job openings
L&T Finance Assistant Manager Salary 1 - 10 years exp. (308 salaries)	₹2 L/yr - ₹10 L/yr 9% more
Sundaram Finance Assistant Manager Salary 0 - 10 years exp. (250 salaries)	₹2.6 L/yr - ₹7.7 L/yr 6% more	2 job openings
Kotak Mahindra Prime Assistant Manager Salary 1 - 8 years exp. (246 salaries)	₹2 L/yr - ₹5 L/yr 28% less
TVS Credit Assistant Manager Salary 1 - 11 years exp. (231 salaries)	₹3 L/yr - ₹8.8 L/yr 2% more

View all

Assistant Manager salary at Mahindra Finance ranges between ₹2.5 Lakhs to ₹9.7 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 218 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Assistant Manager salaries

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
4 years (41 salaries)	₹2.8 L/yr - ₹9.5 L/yr
5 years (41 salaries)	₹2.7 L/yr - ₹9.7 L/yr
Login to view exact salary
6 years (31 salaries)	₹3.1 L/yr - ₹9.5 L/yr
7 years (33 salaries)	₹2.5 L/yr - ₹9 L/yr
8 years (30 salaries)	₹3 L/yr - ₹6.8 L/yr
9 years (24 salaries)	₹3.3 L/yr - ₹6.7 L/yr
10 years (18 salaries)	₹3.5 L/yr - ₹6.5 L/yr

View all

From

Assistant Manager

₹

Lakhs/yr

4 - 10 years exp.

Senior Manager

₹

Lakhs/yr

4 - 13 years exp.

Assistant Manager

4 - 10 years exp.

Deputy Manager

0 - 15 years exp.

31% hike

Manager

5 - 17 years exp.

43% hike

From

View 1 more level

Assistant Manager

4 - 10 years exp.

Divisional Manager

9 - 22 years exp.

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

Department Manager Salary

(4 salaries)

₹10.48 L/yr - ₹35 L/yr

Assistant Branch Manager Salary

(AmbitionBox Estimate)

₹5.2 L/yr - ₹6.7 L/yr

Operations Manager Salary

(14 salaries)

₹1.3 L/yr - ₹8.22 L/yr

Team Manager Salary

(5 salaries)

₹4.7 L/yr - ₹10 L/yr

Store Manager Salary

(3 salaries)

₹5 L/yr - ₹26.5 L/yr

Branch Manager Salary

(167 salaries)

₹1.85 L/yr - ₹9 L/yr

Deputy Manager Salary

(327 salaries)

₹4 L/yr - ₹12 L/yr

Sales Manager Salary

(108 salaries)

₹2.35 L/yr - ₹9 L/yr

Relationship Manager Salary

(87 salaries)

₹2.2 L/yr - ₹6 L/yr

Senior Officer Salary

(5 salaries)

₹3.42 L/yr - ₹4.62 L/yr

Top skills at Mahindra Finance for Assistant Manager

SAP CO Human Resource Management Vendor Management Excel Selection

Salary related reviews for Mahindra Finance

3.6

Rated by 95 employees for salary & benefits

Assistant Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 09 Jun 2018

3.0

for Salary and Benefits

Likes

Company norms is good ,but managers working style is bad,as they are very seniors in this company they are working in old fashion,their decision making is poor,other than that HR policies & company norms & team mate's are very good and supportive.

Job security - Good

Dislikes

Compensation is decent,no recognition for work,no work life balance.no team outings,no interaction between team members,no proper guidance by manager

Work satisfaction - Poor

+2 more

Assistant Manager in HO In Mumbai

Sales & Business Development Department

4.0

• posted on 22 Jan 2022

4.0

for Salary and Benefits

Likes

My experience is fantastic as I take chalanges and complete with in tat, as per my work company promote to time to time. Soft Skill and product training held by senior manager on time to time to grow yourself. Experience is amazing.

Salary - Good

+5 more

Dislikes

Career growth is good but salary not growth as per responsibility. If you join at low CTC your hike will be remain same as other even you promote in designation.

Assistant Manager in Ajmer

Finance & Accounting Department

3.0

• posted on 06 Jan 2021

2.0

for Salary and Benefits

Likes

There is no support from management. As per their policy executives and ABM’s are immune to Corona Virus. They should go to field and work. The salaries are deducted and metal pressure is increasing day by day.

Dislikes

Mental Pressure Torturing subordinate Salary deduction

Salary - Poor

+5 more

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.

Salary - Excellent

+6 more

Dislikes

So far no issues.

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.

Salary - Bad

+6 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Mahindra Finance Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Mahindra Finance ?

The average salary of a Assistant Manager at Mahindra Finance in India typically ranges from ₹2.5 Lakhs to ₹9.7 Lakhs per year, depending on experience (from 4 years to 10 years).

The top 10% of Assistant Manager at Mahindra Finance earn more than ₹7.3 Lakhs per year, and the top 1% earn over ₹9.5 Lakhs per year. Assistant Manager Salaries at Mahindra 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 200+ Mahindra Finance employees in India.

What is the estimated take home salary of a Assistant Manager at Mahindra Finance in India?

The estimated take-home salary of a Assistant Manager at Mahindra Finance in India typically ranges from ₹39,325 to ₹40,500 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹9.7 Lakhs per year for employees with experience ranging from 4 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 200+ salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Assistant Manager at Mahindra Finance ?

To be a Assistant Manager at Mahindra Finance in india, the key skills required include:

- SAP CO
- Human Resource Management
- Vendor Management
- Excel
- Selection

These skills are highly valued at Mahindra Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Mahindra Finance for Assistant Manager in India?

SMFG India Credit	₹2.0 Lakhs to ₹11.1 Lakhs per year
CreditAccess Grameen	₹1.7 Lakhs to ₹10.6 Lakhs per year
Bharat Financial Inclusion	₹2.0 Lakhs to ₹8.3 Lakhs per year
LendingKart	₹2.0 Lakhs to ₹8.3 Lakhs per year
L&T Finance	₹2.0 Lakhs to ₹10.0 Lakhs per year

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

What is the salary of a Assistant Manager in companies similar to Mahindra Finance in India?

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

PNB Housing Finance	₹3.0 Lakhs to ₹8.5 Lakhs per year
Sammaan Capital Limited	₹2.9 Lakhs to ₹10.4 Lakhs per year
Poonawalla Fincorp	₹3.0 Lakhs to ₹8.6 Lakhs per year
Sundaram Finance	₹2.6 Lakhs to ₹7.7 Lakhs per year
TVS Credit	₹3.0 Lakhs to ₹8.8 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 Assistant Manager at Mahindra Finance in India?

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

Experience	Average Salary Range
4 years	₹2.8 Lakhs to ₹9.5 Lakhs per year
5 years	₹2.7 Lakhs to ₹9.7 Lakhs per year
6 years	₹3.1 Lakhs to ₹9.5 Lakhs per year
7 years	₹2.5 Lakhs to ₹9.0 Lakhs per year

and so on.

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Mahindra Finance Assistant Manager Salaries

Mahindra Finance Assistant Manager salary in India ranges between ₹2.5 Lakhs to ₹9.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 218 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Assistant Manager salaries in India (Updated 2025)

Companies similar to Mahindra Finance for Assistant Manager

Latest annual salaries shared by Mahindra Finance Assistant Manager

Experience wise Mahindra Finance Assistant Manager salaries

Similar Designation salaries in Mahindra Finance

Top skills at Mahindra Finance for Assistant Manager

Salary related reviews for Mahindra Finance

Assistant Manager in Hyderabad / Secunderabad

Assistant Manager in HO In Mumbai

Assistant Manager in Ajmer

Deputy Manager in Mumbai

Relationship Manager in Chandigarh

Mahindra Finance Assistant Manager Salary FAQs

Tell us how to improve this page.

Mahindra Finance Assistant Manager Salaries by Location