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

8 - 19 years exp.

₹6.5 Lakhs - ₹16 Lakhs

Salary of majority employees

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13% 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)	Unlock ₹6.5 L/yr - ₹13.5 L/yr
Sales & Business Development Cluster Manager Salary 10 - 19 years exp. (11 salaries)	Unlock ₹7.2 L/yr - ₹16 L/yr
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Marketing & Communication Cluster Manager Salary 9 years exp. (AmbitionBox Estimate)	Unlock ₹6.5 L/yr - ₹10.5 L/yr
Product Management Cluster Manager Salary 10 - 13 years exp. (AmbitionBox Estimate)	Unlock ₹8 L/yr - ₹9.6 L/yr
Finance & Accounting Cluster Manager Salary 8 years exp. (AmbitionBox Estimate)	Unlock ₹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 - 14 years exp. (302 salaries)	Unlock ₹8.1 L/yr - ₹29.5 L/yr 87% more	79 job openings
HDFC Bank Cluster Manager Salary 5 - 16 years exp. (24 salaries)	Unlock ₹5 L/yr - ₹20 L/yr 9% more
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L&T Finance Cluster Manager Salary 3 - 12 years exp. (8 salaries)	Unlock ₹4.2 L/yr - ₹8.1 L/yr 39% less
Cholamandalam Investment & Finance Cluster Manager Salary 13 - 15 years exp. (4 salaries)	Unlock ₹9.6 L/yr - ₹13 L/yr 1% more
Muthoot Finance Cluster Manager Salary 8 - 20 years exp. (144 salaries)	Unlock ₹4 L/yr - ₹9.8 L/yr 32% less	3 job openings
Aditya Birla Capital Cluster Manager Salary 0 - 12 years exp. (164 salaries)	Unlock ₹5 L/yr - ₹14 L/yr 21% less
Reliance Capital Cluster Manager Salary 7 - 15 years exp. (7 salaries)	Unlock ₹9 L/yr - ₹13.4 L/yr 8% more
Edelweiss Cluster Manager Salary 11 - 14 years exp. (4 salaries)	Unlock ₹16 L/yr - ₹17.1 L/yr 62% more
Sammaan Capital Limited Cluster Manager Salary 8 - 12 years exp. (3 salaries)	Unlock ₹5 L/yr - ₹10.4 L/yr 23% less
HDB Financial Services Cluster Manager Salary 10 - 23 years exp. (240 salaries)	Unlock ₹9.5 L/yr - ₹26 L/yr 69% more	4 job openings
Spandana Sphoorty Financial Cluster Manager Salary 1 - 13 years exp. (72 salaries)	Unlock ₹3.2 L/yr - ₹7 L/yr 50% less
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SMFG India Credit Cluster Manager Salary 8 - 19 years exp. (72 salaries)	Unlock ₹5 L/yr - ₹21 L/yr 16% more
Bharat Financial Inclusion Cluster Manager Salary 0 - 9 years exp. (58 salaries)	Unlock ₹5.3 L/yr - ₹8.4 L/yr 35% less
Kotak Mahindra Prime Cluster Manager Salary 7 - 17 years exp. (19 salaries)	Unlock ₹6.5 L/yr - ₹11.5 L/yr 4% less
IIFL Finance Cluster Manager Salary 3 - 15 years exp. (17 salaries)	Unlock ₹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)	Unlock ₹5.8 L/yr - ₹15 L/yr 2% more
Muthoot Fincorp Cluster Manager Salary 10 - 14 years exp. (10 salaries)	Unlock ₹5.2 L/yr - ₹10.5 L/yr 35% less	2 job openings
Poonawalla Fincorp Cluster Manager Salary 9 - 16 years exp. (7 salaries)	Unlock ₹12 L/yr - ₹21.5 L/yr 49% more
Mahindra Rural Housing Finance Cluster Manager Salary 6 - 13 years exp. (6 salaries)	Unlock ₹3.4 L/yr - ₹11 L/yr 33% less
Aavas Financiers Cluster Manager Salary 7 - 15 years exp. (6 salaries)	Unlock ₹7 L/yr - ₹13 L/yr 15% less

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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.

Latest annual salaries shared by Mahindra Finance Cluster Manager

2d ago

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19 years exp.

3w ago

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16 years exp.

2mo ago

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12 years exp.

3mo ago

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15 years exp.

6mo ago

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15 years exp.

7mo ago

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10 years exp.

7mo ago

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14 years exp.

8mo ago

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14 years exp.

8mo ago

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17 years exp.

9mo ago

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8 years exp.

Experience wise Mahindra Finance Cluster Manager salaries

Last Updated: 5 Mar 2025

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

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Similar Designation salaries in Mahindra Finance

Store Manager Salary

(3 salaries)

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₹5 L/yr - ₹26.5 L/yr

Cluster Head Salary

(AmbitionBox Estimate)

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₹11.7 L/yr - ₹15 L/yr

Area Manager Salary

(96 salaries)

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₹3.08 L/yr - ₹12.5 L/yr

Deputy Manager Salary

(234 salaries)

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₹4.04 L/yr - ₹11.5 L/yr

Business Manager Salary

(20 salaries)

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₹2.5 L/yr - ₹10.75 L/yr

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(107 salaries)

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₹2.35 L/yr - ₹8.2 L/yr

Branch Manager Salary

(163 salaries)

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₹2.05 L/yr - ₹9.1 L/yr

Territory Manager Salary

(12 salaries)

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₹5 L/yr - ₹10.25 L/yr

Area Sales Manager Salary

(71 salaries)

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₹4.2 L/yr - ₹16.35 L/yr

Relationship Manager Salary

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₹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

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Salary Discussions, Hike & Promotions

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an associate vice president

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Mahindra Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Mahindra Finance?

Cluster Manager salary at Mahindra Finance in India ranges between ₹6.5 Lakhs to ₹16.0 Lakhs for experience between 8 years to 19 years. According to our estimates it is 13% more than the average Cluster Manager Salary in India. Salary estimates are based on 34 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a Cluster Manager at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Cluster Manager at Mahindra Finance is 13% more than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Manager at Mahindra Finance?

Team Handling, Problem Solving, Leadership Skills, Time Management and Resource management are some of the popular skills required to work as a Cluster Manager at Mahindra Finance India.

Which similar companies are paying more than Mahindra Finance to a Cluster Manager in India?

Bajaj Finance Cluster Manager Salary - ₹8.1 Lakhs to ₹29.5 Lakhs per year
HDB Financial Services Cluster Manager Salary - ₹9.5 Lakhs to ₹26.0 Lakhs per year
Edelweiss Cluster Manager Salary - ₹16.0 Lakhs to ₹17.1 Lakhs per year
Poonawalla Fincorp Cluster Manager Salary - ₹12.0 Lakhs to ₹21.5 Lakhs per year
Capri Global Capital Cluster Manager Salary - ₹11.0 Lakhs to ₹17.5 Lakhs per year

What is the salary of a Cluster Manager in companies similar to Mahindra Finance in India?

Tata Capital Housing Finance Cluster Manager Salary - ₹7.3 Lakhs to ₹17.7 Lakhs per year
SMFG India Credit Cluster Manager Salary - ₹5.0 Lakhs to ₹21.0 Lakhs per year
HDFC Bank Cluster Manager Salary - ₹5.0 Lakhs to ₹20.0 Lakhs per year
Reliance Capital Cluster Manager Salary - ₹9.0 Lakhs to ₹13.4 Lakhs per year
SK Finance Limited Cluster Manager Salary - ₹5.8 Lakhs to ₹15.0 Lakhs per year

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 ranges between ₹74,546 per month to ₹76,474 per month in India. The take-home salary calculation is based on the average Mahindra Finance Cluster Manager salary in India which ranges between ₹6.5 Lakhs to ₹16.0 Lakhs per year for employees with experience between 8 years to 19 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at Mahindra Finance?

According to AmbitionBox, 55% of the Mahindra Finance Cluster Managers reported a notice period of 3 Months, 36% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 33 responses on AmbitionBox in last 2 years.

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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.