Mahindra Finance Business Officer Salaries by 20+ Employees (Updated 2025)

1 - 5 years exp.

₹1.8 Lakh - ₹3.3 Lakhs

Salary of majority employees

32% less than the average Business Officer Salary in NBFC Companies for 1 - 5 years of experience

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Salaries in different departments

Finance & Accounting Business Officer Salary 1 - 5 years exp. (14 salaries)	₹1.9 L/yr - ₹3.3 L/yr
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Sales & Business Development Business Officer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr

Last Updated: 11 Feb 2025

Companies similar to Mahindra Finance for Business Officer

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Business Officer Salary 0 - 2 years exp. (3 salaries)	₹1.4 L/yr - ₹2 L/yr 29% less
HDFC Bank Business Officer Salary 0 - 5 years exp. (6 salaries)	₹1 L/yr - ₹3 L/yr 15% less
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L&T Finance Business Officer Salary 2 - 6 years exp. (4 salaries)	₹1.8 L/yr - ₹5.2 L/yr 42% more
Bharat Financial Inclusion Business Officer Salary 4 - 6 years exp. (3 salaries)	₹1.9 L/yr - ₹2.4 L/yr 16% less
HDB Financial Services Business Officer Salary 1 - 8 years exp. (3 salaries)	₹1.7 L/yr - ₹2.4 L/yr 15% less

Business Officer salary at Mahindra Finance ranges between ₹1.8 Lakh to ₹3.3 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 23 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Business Officer salaries

Last Updated: 11 Feb 2025

Experience	Avg Annual Salary
1 year (5 salaries)	₹2 L/yr - ₹3.3 L/yr
2 years (4 salaries)	₹2.3 L/yr - ₹3.3 L/yr
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3 years (6 salaries)	₹1.8 L/yr - ₹3.3 L/yr
4 years (4 salaries)	₹1.9 L/yr - ₹4.5 L/yr
5 years (4 salaries)	₹1.9 L/yr - ₹4.5 L/yr

Similar Designation salaries in Mahindra Finance

Business Manager Salary

(21 salaries)

₹2.5 L/yr - ₹10.75 L/yr

Sales Officer Salary

(54 salaries)

₹1.65 L/yr - ₹4.56 L/yr

Business Executive Salary

(327 salaries)

₹1.2 L/yr - ₹5 L/yr

Field Sales Officer Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Area Business Manager Salary

(381 salaries)

₹3.78 L/yr - ₹15 L/yr

Sales Manager Salary

(108 salaries)

₹2.35 L/yr - ₹9 L/yr

Regional Manager Salary

(27 salaries)

₹7.02 L/yr - ₹30 L/yr

Area Manager Salary

(95 salaries)

₹3.07 L/yr - ₹14 L/yr

Therapy Manager Salary

(AmbitionBox Estimate)

₹0.1 L/yr - ₹0.1 L/yr

Territory Manager Salary

(12 salaries)

₹5 L/yr - ₹10.25 L/yr

Top skills at Mahindra Finance for Business Officer

Sales

Salary related reviews for Mahindra Finance

4.3

Rated by 6 employees for salary & benefits

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.

Area Business Manager in Kanpur

Full Time

Finance & Accounting Department

2.0

• posted on 07 Oct 2024

2.0

for Salary and Benefits

Likes

Salary on time Culture

Promotions - Good

+1 more

Dislikes

Work Life Balance no time for family or personal Timing for morning and no timing for working at night Extra works on holiday or off day IT system related issues High demands with Lowest System support

Salary - Poor

+2 more

Area Business Manager in Lucknow

Full Time

Sales & Business Development Department

3.0

• posted on 27 Jan 2024

4.0

for Salary and Benefits

Likes

Job security Not much of work load Salary and incentives are good

Salary - Good

+1 more

Dislikes

Lots of work pressure Unrealistic targets and undue pressure to achieve Partiality to get growth Partiality from top management for growth in position Uneducated and incapable top management are placed and they put undue pressure to down the line staff Top management puts entire workload on Staff even daily reports are to be prepared by someone in team

Skill development - Poor

+3 more

Area Business Manager in Pondicherry / Puducherry

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 09 May 2021

5.0

for Salary and Benefits

Likes

The company is good company where you can learn about business and collection. Employees are friendly and you will get good salary and hike. Only problem is work life balance which you can't handle well when you work in MMFSL

Salary - Excellent

+5 more

Dislikes

Work life balance

Work-life balance - Poor

Business Executive in Koderma

Other Department

3.0

• posted on 07 May 2022

4.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive, company policies are good.Overall good experience.

Salary - Good

+3 more

Dislikes

There is a lot of policies and the management does not address our issues. Salary is decent but career growth is slow.

Company culture - Poor

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Mahindra Finance Business Officer Salary FAQs

What is the salary of Business Officer at Mahindra Finance ?

The average salary of a Business Officer at Mahindra Finance in India typically ranges from ₹1.8 Lakhs to ₹3.3 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Business Officer at Mahindra Finance earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹3.3 Lakhs per year. Business Officer 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 20+ Mahindra Finance employees in India.

What is the estimated take home salary of a Business Officer at Mahindra Finance in India?

The estimated take-home salary of a Business Officer at Mahindra Finance in India typically ranges from ₹17,440 to ₹19,141 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹3.3 Lakhs per year for employees with experience ranging from 1 year to 5 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 20+ 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 Officer at Mahindra Finance ?

Sales is a popular skill required to work as a Business Officer at Mahindra Finance.

Which companies offer higher salaries than Mahindra Finance for Business Officer in India?

L&T Finance

₹1.8 Lakhs to ₹5.2 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 Business Officer in companies similar to Mahindra Finance in India?

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

HDFC Bank	₹1.0 Lakhs to ₹3.0 Lakhs per year
HDB Financial Services	₹1.7 Lakhs to ₹2.4 Lakhs per year
Bharat Financial Inclusion	₹1.9 Lakhs to ₹2.4 Lakhs per year
Bajaj Finance	₹1.4 Lakhs to ₹2.0 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 Business Officer at Mahindra Finance in India?

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

Experience	Average Salary Range
1 year	₹2.0 Lakhs to ₹3.3 Lakhs per year
2 years	₹2.3 Lakhs to ₹3.3 Lakhs per year
3 years	₹1.8 Lakhs to ₹3.3 Lakhs per year
4 years	₹1.9 Lakhs to ₹4.5 Lakhs per year

and so on.

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Mahindra Finance Business Officer Salaries by Location

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Mahindra Finance Business Officer Salaries

Mahindra Finance Business Officer salary in India ranges between ₹1.8 Lakh to ₹3.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 23 Mahindra Finance latest salaries received from various employees of Mahindra Finance.

Mahindra Finance Business Officer salaries in India (Updated 2025)

Companies similar to Mahindra Finance for Business Officer

Latest annual salaries shared by Mahindra Finance Business Officer

Experience wise Mahindra Finance Business Officer salaries

Similar Designation salaries in Mahindra Finance

Top skills at Mahindra Finance for Business Officer

Salary related reviews for Mahindra Finance

Area Business Manager in Hyderabad / Secunderabad

Area Business Manager in Kanpur

Area Business Manager in Lucknow

Area Business Manager in Pondicherry / Puducherry

Business Executive in Koderma

Mahindra Finance Business Officer Salary FAQs

Tell us how to improve this page.

Mahindra Finance Business Officer Salaries by Location