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Mahindra Finance

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Mahindra Finance Business Officer salaries in India (Updated 2025)

Annual salary range
1 - 5 years exp.
₹1.8 Lakh - ₹3.3 Lakhs
Salary of majority employees
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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)
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₹1.9 L/yr - ₹3.3 L/yr

Sales & Business Development
Business Officer Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹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
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Bajaj Finance Business Officer Salary

0 - 2 years exp. (3 salaries)

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₹1.4 L/yr - ₹2 L/yr

arrow icon 29% less
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HDFC Bank Business Officer Salary

0 - 5 years exp. (6 salaries)

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₹1 L/yr - ₹3 L/yr

arrow icon 15% less
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L&T Finance Business Officer Salary

2 - 6 years exp. (4 salaries)

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₹1.8 L/yr - ₹5.2 L/yr

arrow icon 42% more
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₹1.9 L/yr - ₹2.4 L/yr

arrow icon 16% less
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₹1.7 L/yr - ₹2.4 L/yr

arrow icon 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.

Latest annual salaries shared by Mahindra Finance Business Officer

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Experience wise Mahindra Finance Business Officer salaries

Last Updated: 11 Feb 2025

Experience Avg Annual Salary
1 year  (5 salaries)

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₹2 L/yr - ₹3.3 L/yr
2 years  (4 salaries)

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₹2.3 L/yr - ₹3.3 L/yr
3 years  (6 salaries)

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₹1.8 L/yr - ₹3.3 L/yr
4 years  (4 salaries)

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₹1.9 L/yr - ₹4.5 L/yr
5 years  (4 salaries)

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₹1.9 L/yr - ₹4.5 L/yr

Similar Designation salaries in Mahindra Finance

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₹2.5 L/yr - ₹10.75 L/yr
Sales Officer Salary
(54 salaries)
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₹1.65 L/yr - ₹4.56 L/yr
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₹1.2 L/yr - ₹5 L/yr
Field Sales Officer Salary
(AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr
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₹3.78 L/yr - ₹15 L/yr
Sales Manager Salary
(108 salaries)
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₹2.35 L/yr - ₹9 L/yr
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₹7.02 L/yr - ₹30 L/yr
Area Manager Salary
(95 salaries)
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₹3.07 L/yr - ₹14 L/yr
Therapy Manager Salary
(AmbitionBox Estimate)
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₹0.1 L/yr - ₹0.1 L/yr
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₹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

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.

read more
  • 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.

read more

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

read more
  • Salary - Poor
  • +2 more

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

read more
  • Skill development - Poor
  • +3 more

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

read more
  • Salary - Excellent
  • +5 more

Dislikes

Work life balance

  • Work-life balance - Poor

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.

read more
  • Company culture - Poor
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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 salary in India ranges between ₹1.8 Lakh to ₹3.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 23 Mahindra Finance latest salaries received from various employees of Mahindra Finance.