Mahindra Finance Collection Head Salaries by 8 Employees

1 - 9 years exp.

₹1 Lakh - ₹12.7 Lakhs

Low Confidence

Salary of majority employees

63% less than the average Collection Head Salary in NBFC Companies for 1 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collection Head Salary 1 - 9 years exp. (3 salaries)	₹1 L/yr - ₹12.7 L/yr
Finance & Accounting Collection Head Salary 5 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
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Human Resources Collection Head Salary 4 years exp. (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr
Marketing & Communication Collection Head Salary 4 years exp. (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr

Last Updated: 16 Jan 2024

Companies similar to Mahindra Finance for Collection Head

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Collection Head Salary 1 - 5 years exp. (3 salaries)	₹1.2 L/yr - ₹3 L/yr 52% less
HDFC Bank Collection Head Salary 6 - 15 years exp. (5 salaries)	₹6 L/yr - ₹13 L/yr 100% more
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Shriram Finance Collection Head Salary 3 - 7 years exp. (9 salaries)	₹2.4 L/yr - ₹3.6 L/yr 29% less
IIFL Finance Collection Head Salary 8 - 21 years exp. (9 salaries)	₹3.8 L/yr - ₹8.3 L/yr 44% more
SK Finance Limited Collection Head Salary 4 - 7 years exp. (4 salaries)	₹5 L/yr - ₹7.7 L/yr 20% more
HDB Financial Services Collection Head Salary 4 - 12 years exp. (4 salaries)	₹1.2 L/yr - ₹6.1 L/yr 18% less
TVS Credit Collection Head Salary 1 - 9 years exp. (3 salaries)	₹2.6 L/yr - ₹15.2 L/yr 47% more

Collection Head salary at Mahindra Finance ranges between ₹1 Lakh to ₹12.7 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 8 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Collection Head salaries

Last Updated: 16 Jan 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr
4 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.7 L/yr
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5 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
8 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
9 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.3 L/yr

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Salary related reviews for Mahindra Finance

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.

Collections Manager in New Delhi

Full Time

Finance & Accounting Department

4.0

• posted on 21 Jun 2023

4.0

for Salary and Benefits

Likes

Mahindra and Mahindra company is very best industry, this company staff & senior is very helpfull , & company culture and company timing is the best.

Salary - Good

+3 more

Dislikes

Mahindra and Mahindra company neither promotes it's employee nor increase the salary in appraisal.

Promotions - Poor

Relationship Manager in Chandigarh

Full Time

Sales & Business Development Department

1.0

• posted on 31 Jul 2020

1.0

for Salary and Benefits

Likes

Nothing that i like about this company. They have deducted huge part of the salary (Fixed + Variable) of the employees. They have rather ditched us during the COVID 19 lockdown by deducting such a huge amount from our packages. Facing economic difficulties now due to this problem. No one is there to address to our grievances.

Dislikes

...ed targets, Last years appraisals not done with an excuse of COVID 19 impact. Huge salary cuts from existing package which has taken us 4-5 years back in terms of or career path. Blocked huge amount of salary till March 2021 so that nobody can leave the company. Career growth here is horrible.The one with good references internally can grow within the system. Lot of politics going on around the work place. Employee opinion on innovation and work related ideas is least considered. Travel expenses,Telephone expenses,Petrol/diesel expenses are stopped. Employees paying from their own pocket.

Salary - Bad

+6 more

Collection Officer in Dehradoon

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 13 Nov 2022

1.0

for Salary and Benefits

Likes

There is nothing to say on this matter... Because its really unworthy to work on this company.

Dislikes

...ny. 4- high authority recommended person will get promoted rather than others. 5- doesn't want to pay their employes good enough as others companies do 6- very poor incentive slabs and criteria. Many more........things to be change..

Salary - Bad

+5 more

Sales Executive in Derabassi

Finance & Accounting Department

5.0

• posted on 19 Feb 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.Teammates ase suppotive and the management is transparent. Company policies are good , appraisal are fair.

Salary - Excellent

+5 more

Dislikes

Salary is decent but career growth is slow. On the job training is not given to new joinees.

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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 Collection Head Salary FAQs

What is the salary of Collection Head at Mahindra Finance ?

The average salary of a Collection Head at Mahindra Finance in India typically ranges from ₹1.0 Lakhs to ₹12.7 Lakhs per year, depending on experience (from 1 year to 9 years).

The top 10% of Collection Head at Mahindra Finance earn more than ₹12.7 Lakhs per year, and the top 1% earn over ₹12.7 Lakhs per year. Collection Head 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 8 Mahindra Finance employees in India.

What is the estimated take home salary of a Collection Head at Mahindra Finance in India?

The estimated take-home salary of a Collection Head at Mahindra Finance in India typically ranges from ₹35,003 to ₹36,243 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹12.7 Lakhs per year for employees with experience ranging from 1 year to 9 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 8 salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Finance for Collection Head in India?

HDFC Bank	₹6.0 Lakhs to ₹13.0 Lakhs per year
TVS Credit	₹2.6 Lakhs to ₹15.2 Lakhs per year
IIFL Finance	₹3.8 Lakhs to ₹8.3 Lakhs per year
SK Finance Limited	₹5.0 Lakhs to ₹7.7 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 Collection Head in companies similar to Mahindra Finance in India?

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

HDB Financial Services	₹1.2 Lakhs to ₹6.1 Lakhs per year
Shriram Finance	₹2.4 Lakhs to ₹3.6 Lakhs per year
Bajaj Finance	₹1.2 Lakhs to ₹3.0 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 Collection Head at Mahindra Finance in India?

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

Experience	Average Salary Range
1 year	₹0.9 Lakhs to ₹1.1 Lakhs per year
4 years	₹1.3 Lakhs to ₹1.7 Lakhs per year
5 years	₹2.0 Lakhs to ₹2.6 Lakhs per year
8 years	₹6.8 Lakhs to ₹8.7 Lakhs per year

and so on.

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Mahindra Finance Collection Head Salaries

Mahindra Finance Collection Head salary in India ranges between ₹1 Lakh to ₹12.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Mahindra Finance latest salaries received from various employees of Mahindra Finance.