Mahindra Finance Mumbai Assistant Manager Salaries by 40+ Employees

4 - 10 years exp.

₹4 Lakhs - ₹9.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

30% less than the average Assistant Manager Salary in NBFC Companies for 4 - 10 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting Assistant Manager Salary 4 - 9 years exp. (16 salaries)	₹4 L/yr - ₹9.2 L/yr
Data Science & Analytics Assistant Manager Salary 4 - 7 years exp. (6 salaries)	₹5.5 L/yr - ₹9.7 L/yr
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Administration & Facilities Assistant Manager Salary 4 - 8 years exp. (6 salaries)	₹4 L/yr - ₹6.1 L/yr
BFSI, Investments & Trading Assistant Manager Salary 5 - 9 years exp. (5 salaries)	₹4.1 L/yr - ₹7.6 L/yr
Customer Success, Service & Operations Assistant Manager Salary 6 - 8 years exp. (3 salaries)	₹4.1 L/yr - ₹6.1 L/yr

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Last Updated: 2 Aug 2024

Companies similar to Mahindra Finance for Assistant Manager in Mumbai

Mahindra Finance Assistant Manager Salary

4 - 10 years exp. (49 salaries)

₹4 L/yr - ₹9.7 L/yr

Company name	Avg Annual Salary	Open Jobs
L&T Finance Assistant Manager Salary 1 - 9 years exp. (116 salaries)	₹3.1 L/yr - ₹8.7 L/yr 5% more
Bajaj Finance Assistant Manager Salary 0 - 11 years exp. (115 salaries)	₹1.8 L/yr - ₹7.6 L/yr 20% less	511 job openings
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HDB Financial Services Assistant Manager Salary 1 - 13 years exp. (113 salaries)	₹1.8 L/yr - ₹8 L/yr 26% less
IIFL Finance Assistant Manager Salary 0 - 11 years exp. (101 salaries)	₹2.4 L/yr - ₹6.4 L/yr 28% less
SMFG India Credit Assistant Manager Salary 1 - 10 years exp. (97 salaries)	₹4.2 L/yr - ₹14 L/yr 42% more	2 job openings
Shriram Finance Assistant Manager Salary 0 - 15 years exp. (78 salaries)	₹2.4 L/yr - ₹5.8 L/yr 29% less	2 job openings
Capri Global Capital Assistant Manager Salary 2 - 9 years exp. (36 salaries)	₹3.1 L/yr - ₹7.5 L/yr 5% less
Kotak Mahindra Prime Assistant Manager Salary 2 - 8 years exp. (33 salaries)	₹2.3 L/yr - ₹5 L/yr 39% less
Mahindra Rural Housing Finance Assistant Manager Salary 2 - 10 years exp. (30 salaries)	₹2.3 L/yr - ₹7.2 L/yr 20% less
Sammaan Capital Limited Assistant Manager Salary 5 - 13 years exp. (30 salaries)	₹3 L/yr - ₹10 L/yr 4% more
Manappuram Finance Assistant Manager Salary 1 - 7 years exp. (28 salaries)	₹1.2 L/yr - ₹6 L/yr 38% less	5 job openings
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LendingKart Assistant Manager Salary 0 - 13 years exp. (15 salaries)	₹3.2 L/yr - ₹8 L/yr 4% more
PNB Housing Finance Assistant Manager Salary 4 - 12 years exp. (13 salaries)	₹4.8 L/yr - ₹6.5 L/yr 2% less	1 job opening
Tata Capital Housing Finance Assistant Manager Salary 2 - 12 years exp. (13 salaries)	₹5.2 L/yr - ₹8.1 L/yr 1% less
Muthoot Fincorp Assistant Manager Salary 0 - 8 years exp. (12 salaries)	₹2.1 L/yr - ₹5 L/yr 38% less
Poonawalla Fincorp Assistant Manager Salary 2 - 9 years exp. (8 salaries)	₹4 L/yr - ₹7.5 L/yr 5% less
Aavas Financiers Assistant Manager Salary 2 - 9 years exp. (5 salaries)	₹2.8 L/yr - ₹5 L/yr 22% less
Satin Creditcare Network Assistant Manager Salary 4 - 7 years exp. (4 salaries)	₹2.7 L/yr - ₹5.2 L/yr 30% less

Assistant Manager salary at Mahindra Finance ranges between ₹4 Lakhs to ₹9.7 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 49 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Assistant Manager salaries in Mumbai

Last Updated: 2 Aug 2024

Experience	Avg Annual Salary
4 years (7 salaries)	₹4 L/yr - ₹9.5 L/yr
5 years (9 salaries)	₹4 L/yr - ₹9.7 L/yr
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6 years (10 salaries)	₹4 L/yr - ₹9.5 L/yr
7 years (13 salaries)	₹4 L/yr - ₹7.6 L/yr
8 years (5 salaries)	₹4.1 L/yr - ₹10.4 L/yr
9 years (3 salaries)	₹5 L/yr - ₹6.2 L/yr
10 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 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.

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

(83 salaries)

₹4.2 L/yr - ₹11.5 L/yr

Sales Manager Salary

(5 salaries)

₹4.45 L/yr - ₹8 L/yr

Senior Officer Salary

(3 salaries)

₹3.42 L/yr - ₹3.5 L/yr

Branch Manager Salary

(3 salaries)

₹4.3 L/yr - ₹6.27 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

3.7

Rated by 7 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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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 Mumbai?

The average salary of a Assistant Manager at Mahindra Finance in Mumbai typically ranges from ₹4.0 Lakhs to ₹9.7 Lakhs per year, depending on experience (from 4 years to 10 years).

The top 10% of Assistant Manager in Mumbai at Mahindra Finance earn more than ₹9.2 Lakhs per year, and the top 1% earn over ₹9.7 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 40+ Mahindra Finance employees in India.

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

The estimated take-home salary of a Assistant Manager at Mahindra Finance in Mumbai typically ranges from ₹44,488 to ₹45,586 per month. This is based on the average salary range of ₹4.0 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 40+ 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 Mumbai?

To be a Assistant Manager at Mahindra Finance in Mumbai, 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	₹4.2 Lakhs to ₹14.0 Lakhs per year
L&T Finance	₹3.1 Lakhs to ₹8.7 Lakhs per year
Sammaan Capital Limited	₹3.0 Lakhs to ₹10.0 Lakhs per year
LendingKart	₹3.2 Lakhs to ₹8.0 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 Mumbai?

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

Tata Capital Housing Finance	₹5.2 Lakhs to ₹8.1 Lakhs per year
PNB Housing Finance	₹4.8 Lakhs to ₹6.5 Lakhs per year
Poonawalla Fincorp	₹4.0 Lakhs to ₹7.5 Lakhs per year
Capri Global Capital	₹3.1 Lakhs to ₹7.5 Lakhs per year
Mahindra Rural Housing Finance	₹2.3 Lakhs to ₹7.2 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 Mumbai?

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

Experience	Average Salary Range
4 years	₹4.0 Lakhs to ₹9.5 Lakhs per year
5 years	₹4.0 Lakhs to ₹9.7 Lakhs per year
6 years	₹4.0 Lakhs to ₹9.5 Lakhs per year
7 years	₹4.0 Lakhs to ₹7.6 Lakhs per year

and so on.

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Mahindra Finance Assistant Manager Salaries in Mumbai

Mahindra Finance Assistant Manager salary in Mumbai ranges between ₹4 Lakhs to ₹9.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 49 Mahindra Finance latest salaries received from various employees of Mahindra Finance.