Mahindra Finance Indore Deputy Manager Salaries by 7 Employees

4 - 11 years exp.

₹5 Lakhs - ₹8.6 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

17% less than the average Deputy Manager Salary in NBFC Companies for 4 - 11 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Marketing & Communication Deputy Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹6.4 L/yr - ₹7.6 L/yr
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Sales & Business Development Deputy Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.6 L/yr

Last Updated: 15 Aug 2024

Companies similar to Mahindra Finance for Deputy Manager in Indore

Mahindra Finance Deputy Manager Salary

4 - 11 years exp. (7 salaries)

₹5 L/yr - ₹8.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Poonawalla Fincorp Deputy Manager Salary 1 - 8 years exp. (7 salaries)	₹5 L/yr - ₹9.2 L/yr 2% more
TVS Credit Deputy Manager Salary 1 - 12 years exp. (5 salaries)	₹6.2 L/yr - ₹16 L/yr 64% more	1 job opening
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IIFL Finance Deputy Manager Salary 3 - 12 years exp. (3 salaries)	₹3.1 L/yr - ₹6.2 L/yr 20% less
VE Commercial Vehicles Deputy Manager Salary 0 - 16 years exp. (615 salaries)	₹5.5 L/yr - ₹19 L/yr 69% more	1 job opening
ICICI Bank Deputy Manager Salary 0 - 15 years exp. (532 salaries)	₹2.4 L/yr - ₹10.6 L/yr 11% less

Deputy Manager salary at Mahindra Finance ranges between ₹5 Lakhs to ₹8.6 Lakhs per year for employees with experience between 4 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 salaries in Indore

Last Updated: 15 Aug 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
5 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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6 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
7 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.9 L/yr
8 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
9 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
10 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
11 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr

View all

From

Deputy Manager

₹

Lakhs/yr

0 - 15 years exp.

Senior Manager

₹

Lakhs/yr

4 - 13 years exp.

Deputy Manager 0 - 15 years exp.

Manager 5 - 17 years exp.

40% hike

Senior Manager 4 - 13 years exp.

73% hike

From

View 1 more level

Deputy Manager

0 - 15 years exp.

Divisional Manager

9 - 24 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Mahindra Finance

Branch Manager Salary

(4 salaries)

₹4 L/yr - ₹6.7 L/yr

Top skills at Mahindra Finance for Deputy Manager

Civil Engineering Inventory Management Monitoring Communication Skills Offer Negotiation Critical Care PPAP SAP CO Relationship Management Costing Project Management Supply Chain Management Outsourcing Project Management Operations

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.

Deputy Manager in Chandigarh Sector 34 A

Full Time

Finance & Accounting Department

5.0

• posted on 26 Jan 2022

5.0

for Salary and Benefits

Likes

I m working with this company since 17 years. There is well work life balance. Time to time new technology introduced by Co. And get trained by them. This Co. Is great place to work..

Salary - Excellent

+6 more

Dislikes

Only salary package..

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

Customer Service Manager in Kolkata

Finance & Accounting Department

1.0

• posted on 04 Dec 2020

2.0

for Salary and Benefits

Likes

...ation from last 8 months every employees suffering for salery isse, every month dedicating our 6k to 7k salary / month

Job security - Good

+1 more

Dislikes

1st of all salary issue

Salary - Poor

+4 more

Customer Service Manager

Finance Department

1.0

• posted on 22 Sep 2017

1.0

for Salary and Benefits

Likes

... there is no culture and no job security . Managers not approve travel claim. Compeny has not given salary of my notice period .

Dislikes

There is No culture

Salary - Bad

+6 more

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Top trending discussions

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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 Salary FAQs

What is the salary of Deputy Manager at Mahindra Finance in Indore?

The average salary of a Deputy Manager at Mahindra Finance in Indore typically ranges from ₹5.0 Lakhs to ₹8.6 Lakhs per year, depending on experience (from 4 years to 11 years).

The top 10% of Deputy Manager in Indore at Mahindra Finance earn more than ₹8.4 Lakhs per year, and the top 1% earn over ₹8.6 Lakhs per year. Deputy 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 7 Mahindra Finance employees in India.

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

The estimated take-home salary of a Deputy Manager at Mahindra Finance in Indore typically ranges from ₹51,956 to ₹53,181 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹8.6 Lakhs per year for employees with experience ranging from 4 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.

What are the key skills required to be a Deputy Manager at Mahindra Finance in Indore?

To be a Deputy Manager at Mahindra Finance in Indore, the key skills required include:

- Civil Engineering
- Inventory Management
- Monitoring
- Communication Skills
- Offer Negotiation

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 Deputy Manager in India?

VE Commercial Vehicles	₹5.5 Lakhs to ₹19.0 Lakhs per year
TVS Credit	₹6.2 Lakhs to ₹16.0 Lakhs per year
Poonawalla Fincorp	₹5.0 Lakhs to ₹9.2 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 in companies similar to Mahindra Finance in Indore?

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

ICICI Bank	₹2.4 Lakhs to ₹10.6 Lakhs per year
IIFL Finance	₹3.1 Lakhs to ₹6.2 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 at Mahindra Finance in Indore?

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

Experience	Average Salary Range
4 years	₹6.4 Lakhs to ₹8.1 Lakhs per year
5 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
6 years	₹6.2 Lakhs to ₹7.9 Lakhs per year
7 years	₹6.1 Lakhs to ₹7.9 Lakhs per year

and so on.

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Mahindra Finance Deputy Manager Salaries in Indore

Mahindra Finance Deputy Manager salary in Indore ranges between ₹5 Lakhs to ₹8.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Mahindra Finance latest salaries received from various employees of Mahindra Finance.