Mahindra Finance Deputy Manager - Finance Salaries by 7 Employees

6 - 11 years exp.

₹5 Lakhs - ₹10.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

41% less than the average Deputy Manager - Finance Salary in NBFC Companies for 6 - 11 years of experience

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Salaries in different departments

Sales & Business Development Deputy Manager - Finance Salary 7 - 8 years exp. (3 salaries)	₹5 L/yr - ₹6.3 L/yr
BFSI, Investments & Trading Deputy Manager - Finance Salary 10 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹10 L/yr
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Finance & Accounting Deputy Manager - Finance Salary 6 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹7.8 L/yr

Last Updated: 30 Apr 2023

Companies similar to Mahindra Finance for Deputy Manager - Finance

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Prime Deputy Manager - Finance Salary 3 - 13 years exp. (17 salaries)	₹4 L/yr - ₹7.5 L/yr 14% less
LendingKart Deputy Manager - Finance Salary 1 - 11 years exp. (10 salaries)	₹5.4 L/yr - ₹10.5 L/yr 6% more
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TVS Credit Deputy Manager - Finance Salary 0 - 13 years exp. (7 salaries)	₹6.1 L/yr - ₹12.5 L/yr 41% more
Bajaj Finance Deputy Manager - Finance Salary 0 - 9 years exp. (7 salaries)	₹3.4 L/yr - ₹12.8 L/yr 19% more
IIFL Finance Deputy Manager - Finance Salary 5 - 11 years exp. (6 salaries)	₹3.8 L/yr - ₹4.9 L/yr 35% less
Muthoot Fincorp Deputy Manager - Finance Salary 2 - 11 years exp. (5 salaries)	₹2 L/yr - ₹8 L/yr 27% less
Shriram Finance Deputy Manager - Finance Salary 4 - 7 years exp. (5 salaries)	₹2.5 L/yr - ₹4.5 L/yr 49% less
Sundaram Finance Deputy Manager - Finance Salary 4 - 6 years exp. (5 salaries)	₹6 L/yr - ₹9 L/yr 9% more
Poonawalla Fincorp Deputy Manager - Finance Salary 8 - 18 years exp. (4 salaries)	₹6.4 L/yr - ₹8.1 L/yr 2% more
Satin Creditcare Network Deputy Manager - Finance Salary 5 - 13 years exp. (3 salaries)	₹4.5 L/yr - ₹5.3 L/yr 29% less
Mahindra Rural Housing Finance Deputy Manager - Finance Salary 1 - 2 years exp. (3 salaries)	₹5.3 L/yr - ₹6 L/yr 16% less
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Deputy Manager - Finance salary at Mahindra Finance ranges between ₹5 Lakhs to ₹10.5 Lakhs per year for employees with experience between 6 years to 11 years. Salary estimates are based on 7 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Deputy Manager - Finance salaries

Last Updated: 30 Apr 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
7 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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8 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹8 L/yr
9 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
10 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
11 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr

View all

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Salary related reviews for Mahindra Finance

5.0

Rated by 2 employees for salary & benefits

Credit Manager in Chennai

Full Time

Finance & Accounting Department

1.0

• posted on 20 Dec 2024

2.0

for Salary and Benefits

Likes

Nil

Dislikes

...MFSL is terrible. In the past 5 years from mar 2020 lots of dislikes happened i.e changes in salary stucture, poor increment, management changes, insecurity in job, etc.,

Salary - Poor

+6 more

Accounts Associate in Bikramganj

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 May 2023

1.0

for Salary and Benefits

Likes

There is nothing to like in Mahindra finance.

Dislikes

Work culture is very bad.Office also open on Sunday, salary is very low,there is lack of corporate culture,company is understaff,there is no proper infrastructure.

Salary - Bad

+4 more

Credit Manager in Mumbai

BFSI, Investments & Trading Department

2.0

• posted on 28 Jun 2022

1.0

for Salary and Benefits

Likes

There are no lines except some work life balance. That too is deteriorating offlate.

Job security - Good

Dislikes

...ponent. It may or may not provide Performance Pay depending on many variables. New recruits be careful while negotiating salary. The HR will tell Performance Pay is assured and is paid almost certainly. Don't believe that. This is not true. Ask for increment on Fixed, not overall CTC. Just because they mention Performance Pay on offer letter CTC, there is no assurance, that they have to give you. Lots of politics and partiality over Performance. The company used to be good. Not anymore after 2019. HR is meaningless and can't help with anything. Off role employees (colleagues) were laid off with just 15 days salary. Not a professional organisation. Lots of Management issues.

Salary - Bad

+4 more

Finance Executive in Haryana ,Rohtak

BFSI, Investments & Trading Department

4.0

• posted on 01 May 2022

4.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and but they give low salary hike and but bonus every year.

Salary - Good

+3 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a no bond of 2 years before which you cannot resign. On the job training is given to new joinees.

Job security - Bad

Credit Manager in Sinnar

BFSI, Investments & Trading Department

5.0

• posted on 26 Jan 2022

5.0

for Salary and Benefits

Likes

Full job security, But Your appraisal judge by company's points of view, not what rating and score given to you by your reporting manager and his boss, Companies HR is for only the name, No any Respect for Appraisal Rating

Salary - Excellent

+5 more

Dislikes

Working culture is good, you can get retirement here , but with lowest salary, there is no any waitege for your appraisal ratings

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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?

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Mahindra Finance Deputy Manager - Finance Salary FAQs

What is the salary of Deputy Manager - Finance at Mahindra Finance ?

The average salary of a Deputy Manager - Finance at Mahindra Finance in India typically ranges from ₹5.0 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 6 years to 11 years).

The top 10% of Deputy Manager - Finance at Mahindra Finance earn more than ₹10.4 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. Deputy Manager - Finance 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 7 Mahindra Finance employees in India.

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

The estimated take-home salary of a Deputy Manager - Finance at Mahindra Finance in India typically ranges from ₹52,793 to ₹54,036 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 6 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 7 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 Deputy Manager - Finance in India?

TVS Credit	₹6.1 Lakhs to ₹12.5 Lakhs per year
Bajaj Finance	₹3.4 Lakhs to ₹12.8 Lakhs per year
Sundaram Finance	₹6.0 Lakhs to ₹9.0 Lakhs per year
LendingKart	₹5.4 Lakhs to ₹10.5 Lakhs per year
Poonawalla Fincorp	₹6.4 Lakhs to ₹8.1 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 Deputy Manager - Finance in companies similar to Mahindra Finance in India?

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

Kotak Mahindra Prime	₹4.0 Lakhs to ₹7.5 Lakhs per year
Mahindra Rural Housing Finance	₹5.3 Lakhs to ₹6.0 Lakhs per year
Muthoot Fincorp	₹2.0 Lakhs to ₹8.0 Lakhs per year
Satin Creditcare Network	₹4.5 Lakhs to ₹5.3 Lakhs per year
IIFL Finance	₹3.8 Lakhs to ₹4.9 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 Deputy Manager - Finance at Mahindra Finance in India?

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

Experience	Average Salary Range
6 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
7 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
8 years	₹6.2 Lakhs to ₹8.0 Lakhs per year
9 years	₹6.2 Lakhs to ₹7.9 Lakhs per year

and so on.

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Mahindra Finance Deputy Manager - Finance Salaries

Mahindra Finance Deputy Manager - Finance salary in India ranges between ₹5 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Mahindra Finance latest salaries received from various employees of Mahindra Finance.