Mahindra Finance Bhopal Cluster Manager Salaries by 4 Employees

8 - 11 years exp.

₹9.8 Lakhs - ₹13.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

6% more than the average Cluster Manager Salary in NBFC Companies for 8 - 11 years of experience

Interested in this particular role?

Last Updated: 13 Sep 2023

Companies similar to Mahindra Finance for Cluster Manager in Bhopal

Mahindra Finance Cluster Manager Salary

8 - 11 years exp. (4 salaries)

₹9.8 L/yr - ₹13.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Spandana Sphoorty Financial Cluster Manager Salary 0 - 8 years exp. (4 salaries)	₹4.8 L/yr - ₹6.2 L/yr 44% less
SK Finance Limited Cluster Manager Salary 10 - 15 years exp. (4 salaries)	₹5.8 L/yr - ₹12 L/yr 2% less
Login to view exact salary
HDB Financial Services Cluster Manager Salary 16 - 20 years exp. (3 salaries)	₹15.5 L/yr - ₹25 L/yr 98% more	9 job openings
IDFC FIRST Bank Cluster Manager Salary 9 - 15 years exp. (9 salaries)	₹9 L/yr - ₹18 L/yr 20% more
XpressBees Cluster Manager Salary 5 - 10 years exp. (6 salaries)	₹4.2 L/yr - ₹4.8 L/yr 59% less

Cluster Manager salary at Mahindra Finance ranges between ₹9.8 Lakhs to ₹13.5 Lakhs per year for employees with experience between 8 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Cluster Manager salaries in Bhopal

Last Updated: 13 Sep 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.3 L/yr
9 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
Login to view exact salary
10 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.7 L/yr
11 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.8 L/yr

Similar Designation salaries in Mahindra Finance

Deputy Manager Salary

(6 salaries)

₹5.25 L/yr - ₹9 L/yr

Relationship Manager Salary

(4 salaries)

₹3 L/yr - ₹5.5 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

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.

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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?

Got a question about Mahindra Finance?

Ask anonymously on communities.

Mahindra Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Mahindra Finance in Bhopal?

The average salary of a Cluster Manager at Mahindra Finance in Bhopal typically ranges from ₹9.8 Lakhs to ₹13.5 Lakhs per year, depending on experience (from 8 years to 11 years).

The top 10% of Cluster Manager in Bhopal at Mahindra Finance earn more than ₹13.5 Lakhs per year, and the top 1% earn over ₹13.5 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 4 Mahindra Finance employees in India.

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

The estimated take-home salary of a Cluster Manager at Mahindra Finance in Bhopal typically ranges from ₹76,572 to ₹78,557 per month. This is based on the average salary range of ₹9.8 Lakhs to ₹13.5 Lakhs per year for employees with experience ranging from 8 years to 11 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 4 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 in Bhopal?

To be a Cluster Manager at Mahindra Finance in Bhopal, 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?

HDB Financial Services	₹15.5 Lakhs to ₹25.0 Lakhs per year
IDFC FIRST Bank	₹9.0 Lakhs to ₹18.0 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 Bhopal?

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

SK Finance Limited	₹5.8 Lakhs to ₹12.0 Lakhs per year
Spandana Sphoorty Financial	₹4.8 Lakhs to ₹6.2 Lakhs per year
XpressBees	₹4.2 Lakhs to ₹4.8 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 Bhopal?

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

Experience	Average Salary Range
8 years	₹8.9 Lakhs to ₹11.3 Lakhs per year
9 years	₹9.0 Lakhs to ₹11.5 Lakhs per year
10 years	₹9.1 Lakhs to ₹11.7 Lakhs per year
11 years	₹9.3 Lakhs to ₹11.8 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Mahindra Finance Salaries >
Mahindra Finance Cluster Manager Salaries >
Mahindra Finance Cluster Manager Salaries in Bhopal

Mahindra Finance Cluster Manager salary in Bhopal ranges between ₹9.8 Lakhs to ₹13.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.