Mahindra Finance Cluster Manager Salaries by 30+ Employees (Updated 2025)

8 - 19 years exp.

₹6.5 Lakhs - ₹16 Lakhs

Salary of majority employees

12% more than the average Cluster Manager Salary in NBFC Companies for 8 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 8 - 19 years exp. (14 salaries)	₹6.5 L/yr - ₹13.5 L/yr
Sales & Business Development Cluster Manager Salary 10 - 19 years exp. (11 salaries)	₹7.2 L/yr - ₹16 L/yr
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Marketing & Communication Cluster Manager Salary 9 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹10.5 L/yr
Product Management Cluster Manager Salary 10 - 13 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹9.6 L/yr
Finance & Accounting Cluster Manager Salary 8 years exp. (AmbitionBox Estimate)	₹10.6 L/yr - ₹12 L/yr

Last Updated: 5 Mar 2025

Companies similar to Mahindra Finance for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Cluster Manager Salary 5 - 17 years exp. (312 salaries)	₹8.8 L/yr - ₹29.5 L/yr 84% more	108 job openings
HDFC Bank Cluster Manager Salary 4 - 18 years exp. (30 salaries)	₹6.8 L/yr - ₹20 L/yr 14% more
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L&T Finance Cluster Manager Salary 3 - 12 years exp. (8 salaries)	₹4.2 L/yr - ₹8.1 L/yr 39% less
Cholamandalam Investment & Finance Cluster Manager Salary 13 - 15 years exp. (4 salaries)	₹9.6 L/yr - ₹13 L/yr 1% more
Muthoot Finance Cluster Manager Salary 8 - 20 years exp. (145 salaries)	₹4 L/yr - ₹10.6 L/yr 32% less	3 job openings
Aditya Birla Capital Cluster Manager Salary 0 - 13 years exp. (175 salaries)	₹5 L/yr - ₹13 L/yr 19% less
Reliance Capital Cluster Manager Salary 7 - 15 years exp. (7 salaries)	₹9 L/yr - ₹13.4 L/yr 8% more
Edelweiss Cluster Manager Salary 11 - 15 years exp. (4 salaries)	₹16 L/yr - ₹17.1 L/yr 62% more
Sammaan Capital Limited Cluster Manager Salary 8 - 12 years exp. (3 salaries)	₹5 L/yr - ₹10.4 L/yr 23% less
HDB Financial Services Cluster Manager Salary 10 - 23 years exp. (232 salaries)	₹9.5 L/yr - ₹25 L/yr 67% more	6 job openings
Spandana Sphoorty Financial Cluster Manager Salary 0 - 10 years exp. (75 salaries)	₹3.2 L/yr - ₹7.2 L/yr 48% less
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SMFG India Credit Cluster Manager Salary 7 - 19 years exp. (75 salaries)	₹5 L/yr - ₹21 L/yr 14% more
Bharat Financial Inclusion Cluster Manager Salary 0 - 12 years exp. (70 salaries)	₹5.3 L/yr - ₹8.4 L/yr 35% less
Kotak Mahindra Prime Cluster Manager Salary 7 - 17 years exp. (19 salaries)	₹6.5 L/yr - ₹11.5 L/yr 4% less
IIFL Finance Cluster Manager Salary 3 - 15 years exp. (17 salaries)	₹3.7 L/yr - ₹7.5 L/yr 41% less	1 job opening
SK Finance Limited Cluster Manager Salary 9 - 15 years exp. (13 salaries)	₹5.8 L/yr - ₹15 L/yr 2% more
Muthoot Fincorp Cluster Manager Salary 10 - 14 years exp. (10 salaries)	₹5.2 L/yr - ₹10.5 L/yr 36% less
Poonawalla Fincorp Cluster Manager Salary 9 - 16 years exp. (7 salaries)	₹12 L/yr - ₹21.5 L/yr 49% more
Mahindra Rural Housing Finance Cluster Manager Salary 6 - 13 years exp. (6 salaries)	₹3.4 L/yr - ₹11 L/yr 33% less
Aavas Financiers Cluster Manager Salary 7 - 15 years exp. (6 salaries)	₹7 L/yr - ₹13 L/yr 15% less

View all

Cluster Manager salary at Mahindra Finance ranges between ₹6.5 Lakhs to ₹16 Lakhs per year for employees with experience between 8 years to 19 years. Salary estimates are based on 34 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Cluster Manager salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
8 years (3 salaries)	₹3.8 L/yr - ₹12.5 L/yr
9 years (3 salaries)	₹6.5 L/yr - ₹12 L/yr
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10 years (7 salaries)	₹7.2 L/yr - ₹14 L/yr
11 years (3 salaries)	₹6.5 L/yr - ₹13.5 L/yr
12 years (3 salaries)	₹10 L/yr - ₹11.5 L/yr
13 years (AmbitionBox Estimate)	₹8 L/yr - ₹18.5 L/yr
14 years (3 salaries)	₹9 L/yr - ₹16 L/yr
15+ years (11 salaries)	₹7.3 L/yr - ₹15 L/yr

View all

Similar Designation salaries in Mahindra Finance

Store Manager Salary

(3 salaries)

₹5 L/yr - ₹26.5 L/yr

Cluster Head Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Area Manager Salary

(95 salaries)

₹3.07 L/yr - ₹14 L/yr

Deputy Manager Salary

(317 salaries)

₹4 L/yr - ₹12 L/yr

Business Manager Salary

(21 salaries)

₹2.5 L/yr - ₹10.75 L/yr

Sales Manager Salary

(108 salaries)

₹2.35 L/yr - ₹9 L/yr

Branch Manager Salary

(167 salaries)

₹1.85 L/yr - ₹9 L/yr

Territory Manager Salary

(12 salaries)

₹5 L/yr - ₹10.25 L/yr

Area Sales Manager Salary

(74 salaries)

₹4.2 L/yr - ₹15 L/yr

Relationship Manager Salary

(87 salaries)

₹2.2 L/yr - ₹6 L/yr

Top skills at Mahindra Finance for Cluster Manager

Team Handling Problem Solving Leadership Skills Time Management Resource management Sales

Salary related reviews for Mahindra Finance

4.1

Rated by 20 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

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.

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

see more salary related reviews

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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 Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Mahindra Finance ?

The average salary of a Cluster Manager at Mahindra Finance in India typically ranges from ₹6.5 Lakhs to ₹16.0 Lakhs per year, depending on experience (from 8 years to 19 years).

The top 10% of Cluster Manager at Mahindra Finance earn more than ₹14.1 Lakhs per year, and the top 1% earn over ₹16.0 Lakhs per year. Cluster Manager 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 30+ Mahindra Finance employees in India.

What is the estimated take home salary of a Cluster Manager at Mahindra Finance in India?

The estimated take-home salary of a Cluster Manager at Mahindra Finance in India typically ranges from ₹74,546 to ₹76,474 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹16.0 Lakhs per year for employees with experience ranging from 8 years to 19 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 30+ 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 Cluster Manager at Mahindra Finance ?

To be a Cluster Manager at Mahindra Finance in india, the key skills required include:

- Team Handling
- Problem Solving
- Leadership Skills
- Time Management
- Resource management

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 Cluster Manager in India?

Bajaj Finance	₹8.8 Lakhs to ₹29.5 Lakhs per year
HDB Financial Services	₹9.5 Lakhs to ₹25.0 Lakhs per year
Edelweiss	₹16.0 Lakhs to ₹17.1 Lakhs per year
Poonawalla Fincorp	₹12.0 Lakhs to ₹21.5 Lakhs per year
Capri Global Capital	₹11.0 Lakhs to ₹17.5 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 Cluster Manager in companies similar to Mahindra Finance in India?

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

Tata Capital Housing Finance	₹7.3 Lakhs to ₹17.7 Lakhs per year
PNB Housing Finance	₹5.0 Lakhs to ₹17.3 Lakhs per year
SMFG India Credit	₹5.0 Lakhs to ₹21.0 Lakhs per year
HDFC Bank	₹6.8 Lakhs to ₹20.0 Lakhs per year
Reliance Capital	₹9.0 Lakhs to ₹13.4 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 Cluster Manager at Mahindra Finance in India?

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

Experience	Average Salary Range
8 years	₹3.8 Lakhs to ₹12.5 Lakhs per year
9 years	₹6.5 Lakhs to ₹12.0 Lakhs per year
10 years	₹7.2 Lakhs to ₹14.0 Lakhs per year
11 years	₹6.5 Lakhs to ₹13.5 Lakhs per year

and so on.

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Mahindra Finance Cluster Manager Salaries

Mahindra Finance Cluster Manager salary in India ranges between ₹6.5 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 34 Mahindra Finance latest salaries received from various employees of Mahindra Finance.