Mahindra Finance Hyderabad / Secunderabad Assistant Manager Salaries by 9 Employees

4 - 8 years exp.

₹2.8 Lakhs - ₹9.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

37% less than the average Assistant Manager Salary in NBFC Companies for 4 - 8 years of experience

Interested in this particular role?

Salaries in different departments

Customer Success, Service & Operations Assistant Manager Salary 4 - 7 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹5.4 L/yr
Engineering - Software & QA Assistant Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹9.1 L/yr
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Sales & Business Development Assistant Manager Salary 6 - 8 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.5 L/yr

Last Updated: 24 Jun 2024

Companies similar to Mahindra Finance for Assistant Manager in Hyderabad / Secunderabad

Mahindra Finance Assistant Manager Salary

4 - 8 years exp. (9 salaries)

₹2.8 L/yr - ₹9.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Muthoot Finance Assistant Manager Salary 0 - 10 years exp. (180 salaries)	₹1.7 L/yr - ₹5.5 L/yr 22% less	2 job openings
Bajaj Finance Assistant Manager Salary 0 - 10 years exp. (129 salaries)	₹1.8 L/yr - ₹7.5 L/yr 13% less	306 job openings
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IIFL Finance Assistant Manager Salary 0 - 11 years exp. (84 salaries)	₹2.9 L/yr - ₹5.9 L/yr 27% less
Manappuram Finance Assistant Manager Salary 0 - 8 years exp. (72 salaries)	₹1.2 L/yr - ₹5 L/yr 33% less	5 job openings
HDB Financial Services Assistant Manager Salary 1 - 12 years exp. (46 salaries)	₹2.1 L/yr - ₹8 L/yr 19% less
Bharat Financial Inclusion Assistant Manager Salary 0 - 14 years exp. (40 salaries)	₹3.1 L/yr - ₹8.3 L/yr 19% more
Shriram Finance Assistant Manager Salary 0 - 15 years exp. (32 salaries)	₹2 L/yr - ₹5.1 L/yr 29% less	2 job openings
Kotak Mahindra Prime Assistant Manager Salary 1 - 8 years exp. (21 salaries)	₹3 L/yr - ₹5 L/yr 23% less
Spandana Sphoorty Financial Assistant Manager Salary 2 - 7 years exp. (21 salaries)	₹3.8 L/yr - ₹7 L/yr 6% less
Muthoot Fincorp Assistant Manager Salary 3 - 10 years exp. (19 salaries)	₹2 L/yr - ₹4.5 L/yr 31% less
TVS Credit Assistant Manager Salary 1 - 8 years exp. (11 salaries)	₹3.2 L/yr - ₹7 L/yr 5% more
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L&T Finance Assistant Manager Salary 4 - 8 years exp. (6 salaries)	₹3.6 L/yr - ₹8 L/yr 8% more
SMFG India Credit Assistant Manager Salary 3 - 10 years exp. (5 salaries)	₹3.5 L/yr - ₹10 L/yr 32% more	2 job openings
Sammaan Capital Limited Assistant Manager Salary 5 - 7 years exp. (4 salaries)	₹3.5 L/yr - ₹6.8 L/yr 14% more

Assistant Manager salary at Mahindra Finance ranges between ₹2.8 Lakhs to ₹9.1 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 9 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Assistant Manager salaries in Hyderabad / Secunderabad

Last Updated: 24 Jun 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
5 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
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6 years (3 salaries)	₹5 L/yr - ₹9.1 L/yr
7 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
8 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr

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.

29% hike

Manager

5 - 17 years exp.

40% hike

From

View 1 more level

Assistant Manager

4 - 10 years exp.

Divisional Manager

9 - 24 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

Deputy Manager Salary

(11 salaries)

₹5 L/yr - ₹10 L/yr

Sales Manager Salary

(8 salaries)

₹4.1 L/yr - ₹8.2 L/yr

Branch Manager Salary

(3 salaries)

₹2.9 L/yr - ₹5.83 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

2.9

Rated by 5 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

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Top trending discussions

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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 Finance Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Mahindra Finance in Hyderabad / Secunderabad?

The average salary of a Assistant Manager at Mahindra Finance in Hyderabad / Secunderabad typically ranges from ₹2.8 Lakhs to ₹9.1 Lakhs per year, depending on experience (from 4 years to 8 years).

The top 10% of Assistant Manager in Hyderabad / Secunderabad at Mahindra Finance earn more than ₹8.4 Lakhs per year, and the top 1% earn over ₹9.1 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 9 Mahindra Finance employees in India.

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

The estimated take-home salary of a Assistant Manager at Mahindra Finance in Hyderabad / Secunderabad typically ranges from ₹39,415 to ₹40,589 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹9.1 Lakhs per year for employees with experience ranging from 4 years 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 9 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 in Hyderabad / Secunderabad?

To be a Assistant Manager at Mahindra Finance in Hyderabad / Secunderabad, 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	₹3.5 Lakhs to ₹10.0 Lakhs per year
Bharat Financial Inclusion	₹3.1 Lakhs to ₹8.3 Lakhs per year
Sammaan Capital Limited	₹3.5 Lakhs to ₹6.8 Lakhs per year
L&T Finance	₹3.6 Lakhs to ₹8.0 Lakhs per year
TVS Credit	₹3.2 Lakhs to ₹7.0 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 Hyderabad / Secunderabad?

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

Spandana Sphoorty Financial	₹3.8 Lakhs to ₹7.0 Lakhs per year
Bajaj Finance	₹1.8 Lakhs to ₹7.5 Lakhs per year
HDB Financial Services	₹2.1 Lakhs to ₹8.0 Lakhs per year
Muthoot Finance	₹1.7 Lakhs to ₹5.5 Lakhs per year
Kotak Mahindra Prime	₹3.0 Lakhs to ₹5.0 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 Hyderabad / Secunderabad?

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

Experience	Average Salary Range
4 years	₹5.0 Lakhs to ₹6.4 Lakhs per year
5 years	₹4.9 Lakhs to ₹6.3 Lakhs per year
6 years	₹5.0 Lakhs to ₹9.1 Lakhs per year
7 years	₹4.7 Lakhs to ₹6.0 Lakhs per year

and so on.

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Mahindra Finance Assistant Manager Salaries in Hyderabad / Secunderabad

Mahindra Finance Assistant Manager salary in Hyderabad / Secunderabad ranges between ₹2.8 Lakhs to ₹9.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Mahindra Finance latest salaries received from various employees of Mahindra Finance.