Mahindra Finance Back Office Associate Salaries by 9 Employees

1 - 6 years exp.

₹1.8 Lakh - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

23% more than the average Back Office Associate Salary in NBFC Companies for 1 - 6 years of experience

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Last Updated: 27 Mar 2024

Companies similar to Mahindra Finance for Back Office Associate

Company name	Avg Annual Salary	Open Jobs
Mahindra Rural Housing Finance Back Office Associate Salary 1 - 3 years exp. (5 salaries)	₹0.6 L/yr - ₹1.5 L/yr 60% less
Kotak Mahindra Prime Back Office Associate Salary 1 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹2.2 L/yr 35% less
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Spandana Sphoorty Financial Back Office Associate Salary 0 - 2 years exp. (4 salaries)	₹1.5 L/yr - ₹2.5 L/yr 37% less
Shriram Finance Back Office Associate Salary 0 - 2 years exp. (4 salaries)	₹2 L/yr - ₹3.3 L/yr 17% less
Bajaj Finance Back Office Associate Salary 0 - 4 years exp. (4 salaries)	₹1 L/yr - ₹3 L/yr 37% less
HDB Financial Services Back Office Associate Salary 0 - 3 years exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 33% less
Sundaram Finance Back Office Associate Salary 3 - 15 years exp. (4 salaries)	₹1.1 L/yr - ₹2 L/yr 46% less
CreditAccess Grameen Back Office Associate Salary 1 - 6 years exp. (3 salaries)	₹2 L/yr - ₹2.5 L/yr 27% less

Back Office Associate salary at Mahindra Finance ranges between ₹1.8 Lakh to ₹5.5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 9 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Back Office Associate salaries

Last Updated: 27 Mar 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.1 L/yr
2 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr
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3 years (3 salaries)	₹2.1 L/yr - ₹5.5 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹5.5 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3.3 L/yr

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From

Back Office Associate

₹

Lakhs/yr

1 - 6 years exp.

Branch Head

₹

Lakhs/yr

5 - 13 years exp.

Back Office Associate 1 - 6 years exp.

Branch Accounts Manager 4 - 13 years exp.

61% hike

Branch Head 5 - 13 years exp.

5% hike

From

View 1 more level

Back Office Associate

1 - 6 years exp.

Territory Accounts Manager

7 - 20 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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Salary related reviews for Mahindra Finance

4.3

Rated by 5 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.

Salary - Excellent

+6 more

Dislikes

So far no issues.

Back Office Executive in Faizabad

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 07 Jul 2023

1.0

for Salary and Benefits

Likes

ONLY TO KNOW THAT HOW NBFC ARE WORKING AND WHAT ARE THIER PROCEDURE TO FIVE LOAN TO THE CUSTOMERS..

Dislikes

NO FAIR APRRAISAL & PROMOTIONS TO THE EMPLOYEES. IN A VERY SMALL SALARY LOTS OF WORK TO THE EMPLOYEE...AND MOST IMPORTANTLY FAVOURTISM AND REFERENCES WORKS INSTEAD OF HARDWORK HERE...

Salary - Bad

+6 more

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

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.

Salary - Excellent

+5 more

Dislikes

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

Sales Executive in Moradabad

Finance & Accounting Department

5.0

• posted on 28 Apr 2021

5.0

for Salary and Benefits

Likes

Overall my current company is good for learning about the sales, competition, working ethics and most important how to writing mail, good working environment and culture. Clear and transparent policies.

Salary - Excellent

+5 more

Dislikes

...wth is slow. And appraisal is not done last year and not done in this year aslo. No salary increment and yearly bonus also stopped.

see more salary related reviews

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Mahindra Finance Back Office Associate Salary FAQs

What is the salary of Back Office Associate at Mahindra Finance ?

The average salary of a Back Office Associate at Mahindra Finance in India typically ranges from ₹1.8 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Back Office Associate at Mahindra Finance earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Back Office 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 9 Mahindra Finance employees in India.

What is the estimated take home salary of a Back Office Associate at Mahindra Finance in India?

The estimated take-home salary of a Back Office Associate at Mahindra Finance in India typically ranges from ₹21,954 to ₹23,438 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 1 year to 6 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 is the salary of a Back Office Associate in companies similar to Mahindra Finance in India?

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

Shriram Finance	₹2.0 Lakhs to ₹3.3 Lakhs per year
CreditAccess Grameen	₹2.0 Lakhs to ₹2.5 Lakhs per year
HDB Financial Services	₹1.5 Lakhs to ₹3.0 Lakhs per year
Kotak Mahindra Prime	₹1.8 Lakhs to ₹2.2 Lakhs per year
Bajaj Finance	₹1.0 Lakhs to ₹3.0 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 Back Office Associate at Mahindra Finance in India?

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

Experience	Average Salary Range
1 year	₹1.8 Lakhs to ₹5.1 Lakhs per year
2 years	₹1.2 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.1 Lakhs to ₹5.5 Lakhs per year
4 years	₹2.2 Lakhs to ₹5.5 Lakhs per year

and so on.

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Mahindra Finance Back Office Associate Salaries

Mahindra Finance Back Office Associate salary in India ranges between ₹1.8 Lakh to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Mahindra Finance latest salaries received from various employees of Mahindra Finance.