Mahindra Finance Mumbai Associate Salaries by 7 Employees

1 - 7 years exp.

₹1.7 Lakh - ₹3.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

64% less than the average Associate Salary in NBFC Companies for 1 - 7 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting Associate Salary 1 - 5 years exp. (3 salaries)	₹2.8 L/yr - ₹3.2 L/yr
BFSI, Investments & Trading Associate Salary 2 - 4 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.6 L/yr
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Customer Success, Service & Operations Associate Salary 2 years exp. (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr

Last Updated: 24 Nov 2024

Companies similar to Mahindra Finance for Associate in Mumbai

Mahindra Finance Associate Salary

1 - 7 years exp. (7 salaries)

₹1.7 L/yr - ₹3.6 L/yr

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Associate Salary 1 - 5 years exp. (14 salaries)	₹1.8 L/yr - ₹2.8 L/yr 17% less
IIFL Finance Associate Salary 0 - 4 years exp. (8 salaries)	₹3 L/yr - ₹9 L/yr 66% more
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L&T Finance Associate Salary 0 - 6 years exp. (5 salaries)	₹1.8 L/yr - ₹3.3 L/yr 12% less
Sundaram Finance Associate Salary 0 - 4 years exp. (5 salaries)	₹1.8 L/yr - ₹2.5 L/yr 25% less
Kotak Mahindra Prime Associate Salary 4 - 8 years exp. (3 salaries)	₹2.7 L/yr - ₹3.8 L/yr 2% more
Mahindra Rural Housing Finance Associate Salary 1 - 6 years exp. (3 salaries)	₹1.9 L/yr - ₹2.5 L/yr 31% less

Associate salary at Mahindra Finance ranges between ₹1.7 Lakh to ₹3.6 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 7 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Associate salaries in Mumbai

Last Updated: 24 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
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3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
7 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

View all

From

Associate

0 - 7 years exp.

Senior Associate

4 - 10 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.

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Top skills at Mahindra Finance for Associate

Sales Executive Activities VLOOKUP Data Entry Operations Management Communication Skills

Salary related reviews for Mahindra Finance

1.1

Rated by 3 employees for salary & benefits

Associate in Mumbai

BFSI, Investments & Trading Department

5.0

• posted on 08 Apr 2018

3.0

for Salary and Benefits

Likes

... very feasible and the work gets completed on time. No such pressure of targets. The salary offered by the company is not satisfactory. Talking about appraisals, yes if you be there for more than 1.5 years n work good, complete your work on time, do not keep any task pending, if you have a degree and you studied enough from the others, then you will be definitely considered for appraisals. Mine was not that monotonous job. I learned alot of things everytime.

Skill development - Good

+5 more

Dislikes

Salary offered was too low

Senior Engineer in Aurangaba Maharashtra

Technical Department

4.0

• posted on 25 May 2021

4.0

for Salary and Benefits

Likes

Good work environment and culture,team are supportive , company polices is good but Appraisal is not satisfied but more Learning in Mahindra Rural housing finance ltd last 4yers experience also I have 6month on team mentorship work role play..

Salary - Good

+1 more

Dislikes

Yes there is lot of Politics and management dosen't address our issues Salary is decent but carrer growth is slow....due to I have resigned it..

Job security - Poor

+3 more

Sales Executive in Salem

Full Time

Finance & Accounting Department

2.0

• posted on 02 Mar 2025

1.0

for Salary and Benefits

Likes

Can learn everything thing

Skill development - Good

Dislikes

They will never promote genuine employee never give a pay rise no bonus no grade change like a slave You can work there for 5+ years with the same salary even your managers will not support you for promotions and salary hike

Salary - Bad

+4 more

Area Business Manager in Hyderabad / Secunderabad

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 27 Dec 2024

5.0

for Salary and Benefits

Likes

We get salary timely without any delay. This is the only good thing about this company.

Salary - Excellent

+5 more

Dislikes

No hybrid work culture, no work life balance (depends on your manager), as per policy only 3rd Saturday off but that too company can withdraw it at any moment. Incentive policies are critical to achieve RBMIs. Every month is March closing. Every month last Sunday is normal working day.

Senior Business Executive in Port Blair

Full Time

Marketing & Communication Department

5.0

• posted on 12 Oct 2024

5.0

for Salary and Benefits

Likes

... have small suggestion in future we can do less paper work business like bank. We can do better then bank but some were missing salary customers they prefer bank. We are giving quick dispendment but some paper missing we can't give same days. This my suggestion our mahindra

Salary - Excellent

+6 more

Dislikes

No never I said because this is great company iam pleasure with working them my experience is 13yrs I hope future I have an good position work with our Mahindra family... Thank you jai hind....

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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 Associate Salary FAQs

What is the salary of Associate at Mahindra Finance in Mumbai?

The average salary of a Associate at Mahindra Finance in Mumbai typically ranges from ₹1.7 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Associate in Mumbai at Mahindra Finance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Associate 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 7 Mahindra Finance employees in India.

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

The estimated take-home salary of a Associate at Mahindra Finance in Mumbai typically ranges from ₹20,293 to ₹21,952 per month. This is based on the average salary range of ₹1.7 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from 1 year to 7 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 7 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 Associate at Mahindra Finance in Mumbai?

To be a Associate at Mahindra Finance in Mumbai, the key skills required include:

- Sales Executive Activities
- VLOOKUP
- Data Entry
- Operations Management
- Communication Skills

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 Associate in India?

IIFL Finance	₹3.0 Lakhs to ₹9.0 Lakhs per year
Kotak Mahindra Prime	₹2.7 Lakhs to ₹3.8 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 Associate in companies similar to Mahindra Finance in Mumbai?

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

L&T Finance	₹1.8 Lakhs to ₹3.3 Lakhs per year
HDB Financial Services	₹1.8 Lakhs to ₹2.8 Lakhs per year
Sundaram Finance	₹1.8 Lakhs to ₹2.5 Lakhs per year
Mahindra Rural Housing Finance	₹1.9 Lakhs to ₹2.5 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 Associate at Mahindra Finance in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.5 Lakhs to ₹3.1 Lakhs per year
2 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.3 Lakhs per year
4 years	₹2.6 Lakhs to ₹3.3 Lakhs per year

and so on.

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Mahindra Finance Associate Salaries in Mumbai

Mahindra Finance Associate salary in Mumbai ranges between ₹1.7 Lakh to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Mahindra Finance latest salaries received from various employees of Mahindra Finance.