Mahindra Finance Mumbai Collections Manager Salaries by 3 Employees (Updated 2024)

3 - 9 years exp.

₹2.6 Lakhs - ₹5.4 Lakhs

Low Confidence

Salary of majority employees

31% less than the average Collections Manager Salary in NBFC Companies for 3 - 9 years of experience

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Last Updated: 2 Dec 2023

Companies similar to Mahindra Finance for Collections Manager in Mumbai

Mahindra Finance Collections Manager Salary

3 - 9 years exp. (3 salaries)

₹2.6 L/yr - ₹5.4 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 2 - 18 years exp. (80 salaries)	₹2.9 L/yr - ₹10.5 L/yr 62% more	2 job openings
ICICI Bank Collections Manager Salary 3 - 15 years exp. (18 salaries)	₹4.1 L/yr - ₹11 L/yr 87% more
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Axis Bank Collections Manager Salary 8 - 12 years exp. (5 salaries)	₹4.4 L/yr - ₹13.8 L/yr 103% more
Kotak Mahindra Bank Collections Manager Salary 3 - 15 years exp. (33 salaries)	₹3.1 L/yr - ₹9.2 L/yr 47% more
L&T Finance Collections Manager Salary 5 - 13 years exp. (12 salaries)	₹4.5 L/yr - ₹8.2 L/yr 52% more
Kotak Mahindra Prime Collections Manager Salary 3 - 10 years exp. (11 salaries)	₹2.3 L/yr - ₹5.9 L/yr 14% more
Sammaan Capital Limited Collections Manager Salary 3 - 11 years exp. (11 salaries)	₹2.4 L/yr - ₹5.6 L/yr 15% more
IIFL Finance Collections Manager Salary 6 - 10 years exp. (7 salaries)	₹4.4 L/yr - ₹6.5 L/yr 23% more
Aditya Birla Capital Collections Manager Salary 0 - 9 years exp. (7 salaries)	₹3.1 L/yr - ₹8 L/yr 58% more
Shriram Finance Collections Manager Salary 5 - 11 years exp. (7 salaries)	₹3.9 L/yr - ₹4.9 L/yr 3% more
SMFG India Credit Collections Manager Salary 6 - 10 years exp. (6 salaries)	₹4.6 L/yr - ₹7.7 L/yr 24% more
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Tata Capital Housing Finance Collections Manager Salary 6 - 15 years exp. (3 salaries)	₹6.6 L/yr - ₹9 L/yr 74% more

Collections Manager salary at Mahindra Finance ranges between ₹2.6 Lakhs to ₹5.4 Lakhs per year for employees with experience between 3 years to 9 years. Salary estimates are based on 3 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Collections Manager salaries in Mumbai

Last Updated: 2 Dec 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹6.4 L/yr
4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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5 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.9 L/yr
6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
7 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
8 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
9 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.4 L/yr

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Similar Designation salaries in Mahindra Finance

Credit Manager Salary

(8 salaries)

₹4.7 L/yr - ₹12.65 L/yr

Top skills at Mahindra Finance for Collections Manager

Collections Excel NBFC bengali SME malayalam Legal Auto Loans Collection Management Focus Recovery Management Banking Recovery Debt Recovery Chemistry

Salary related reviews for Mahindra Finance

3.0

Rated by 2 employees for salary & benefits

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.

Dislikes

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

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.

Dislikes

So far no issues.

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.

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..

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.

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 technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Mahindra Finance Collections Manager Salary FAQs

What is the notice period for Collections Manager at Mahindra Finance in Mumbai?

According to AmbitionBox, 100% of the Mahindra Finance Collections Managers in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Mahindra Finance Collections Manager Salaries in Mumbai

Mahindra Finance Collections Manager salary in Mumbai ranges between ₹2.6 Lakhs to ₹5.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Mahindra Finance latest salaries received from various employees of Mahindra Finance.