Mahindra Finance Mumbai Business Analyst Salaries by 10+ Employees (Updated 2025)

2 - 10 years exp.

₹6.7 Lakhs - ₹11.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

23% less than the average Business Analyst Salary in NBFC Companies for 2 - 10 years of experience

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Salaries in different departments

Data Science & Analytics Business Analyst Salary 2 - 10 years exp. (5 salaries)	₹2 L/yr - ₹10.3 L/yr
BFSI, Investments & Trading Business Analyst Salary 6 - 9 years exp. (3 salaries)	₹9 L/yr - ₹10.7 L/yr
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Consulting Business Analyst Salary 3 - 7 years exp. (AmbitionBox Estimate)	₹8.4 L/yr - ₹11.5 L/yr

Last Updated: 1 Jan 2025

Companies similar to Mahindra Finance for Business Analyst in Mumbai

Mahindra Finance Business Analyst Salary

2 - 10 years exp. (11 salaries)

₹6.7 L/yr - ₹11.5 L/yr

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit Business Analyst Salary 1 - 8 years exp. (18 salaries)	₹3.2 L/yr - ₹12.5 L/yr 9% less
L&T Finance Business Analyst Salary 0 - 8 years exp. (14 salaries)	₹5.2 L/yr - ₹12.6 L/yr 4% less
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IIFL Finance Business Analyst Salary 1 - 7 years exp. (10 salaries)	₹4.2 L/yr - ₹9 L/yr 8% less
Sammaan Capital Limited Business Analyst Salary 1 - 7 years exp. (9 salaries)	₹3 L/yr - ₹9.5 L/yr 25% less
HDB Financial Services Business Analyst Salary 2 - 7 years exp. (9 salaries)	₹2.1 L/yr - ₹10.2 L/yr 26% less	1 job opening
Capri Global Capital Business Analyst Salary 1 - 4 years exp. (3 salaries)	₹2.4 L/yr - ₹3.1 L/yr 65% less

Business Analyst salary at Mahindra Finance ranges between ₹6.7 Lakhs to ₹11.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 11 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Business Analyst salaries in Mumbai

Last Updated: 1 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.4 L/yr
3 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
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4 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9 L/yr
5 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.4 L/yr
6 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
7 years (3 salaries)	₹8.5 L/yr - ₹11 L/yr
8 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.4 L/yr
9 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.8 L/yr
10 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr

View all

Similar Designation salaries in Mahindra Finance

Product Manager Salary

(15 salaries)

₹9.25 L/yr - ₹35.1 L/yr

Project Manager Salary

(13 salaries)

₹8 L/yr - ₹25.2 L/yr

Data Scientist Salary

(12 salaries)

₹4.3 L/yr - ₹16.5 L/yr

Data Analyst Salary

(5 salaries)

₹4 L/yr - ₹15 L/yr

Top skills at Mahindra Finance for Business Analyst

Analytics Business Analysis

Salary related reviews for Mahindra Finance

2.9

Rated by 2 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.

Business Development Executive in Nagaon

Research & Development Department

3.0

• posted on 22 Oct 2021

2.0

for Salary and Benefits

Likes

Work environment is good, Teammates are also good and management is average.company appraisal was not good.Company leave policies are good.

Skill development - Good

Dislikes

There is a lot of issues and the management doesn't address our issue and growth. Salary is decent type but career growth is too much slow..On the job training also was not given to new joinees...just show off...

Salary - Poor

+1 more

Deputy Manager in Chandigarh Sector 34 A

Full Time

Finance & Accounting Department

5.0

• posted on 26 Jan 2022

5.0

for Salary and Benefits

Likes

I m working with this company since 17 years. There is well work life balance. Time to time new technology introduced by Co. And get trained by them. This Co. Is great place to work..

Salary - Excellent

+6 more

Dislikes

Only salary package..

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.

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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 Business Analyst Salary FAQs

What is the salary of Business Analyst at Mahindra Finance in Mumbai?

The average salary of a Business Analyst at Mahindra Finance in Mumbai typically ranges from ₹6.7 Lakhs to ₹11.5 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Business Analyst in Mumbai at Mahindra Finance earn more than ₹11.2 Lakhs per year, and the top 1% earn over ₹11.5 Lakhs per year. Business Analyst 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 10+ Mahindra Finance employees in India.

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

The estimated take-home salary of a Business Analyst at Mahindra Finance in Mumbai typically ranges from ₹60,071 to ₹61,590 per month. This is based on the average salary range of ₹6.7 Lakhs to ₹11.5 Lakhs per year for employees with experience ranging from 2 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 10+ 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 Business Analyst at Mahindra Finance in Mumbai?

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

- Analytics
- Business Analysis

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

What is the salary of a Business Analyst in companies similar to Mahindra Finance in Mumbai?

The salary of a Business Analyst 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	₹5.2 Lakhs to ₹12.6 Lakhs per year
IIFL Finance	₹4.2 Lakhs to ₹9.0 Lakhs per year
SMFG India Credit	₹3.2 Lakhs to ₹12.5 Lakhs per year
Sammaan Capital Limited	₹3.0 Lakhs to ₹9.5 Lakhs per year
HDB Financial Services	₹2.1 Lakhs to ₹10.2 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 Business Analyst at Mahindra Finance in Mumbai?

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

Experience	Average Salary Range
2 years	₹6.5 Lakhs to ₹8.4 Lakhs per year
3 years	₹6.8 Lakhs to ₹8.7 Lakhs per year
4 years	₹7.1 Lakhs to ₹9.0 Lakhs per year
5 years	₹7.3 Lakhs to ₹9.4 Lakhs per year

and so on.

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Mahindra Finance Business Analyst Salaries in Mumbai

Mahindra Finance Business Analyst salary in Mumbai ranges between ₹6.7 Lakhs to ₹11.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Mahindra Finance latest salaries received from various employees of Mahindra Finance.