Mahindra Finance Mumbai Deputy Manager Salaries by 70+ Employees (Updated 2025)

0 - 13 years exp.

₹4.2 Lakhs - ₹11.5 Lakhs

Salary of majority employees

Fixed (93%)

₹7 Lakhs

Variable (7%)

₹0.5 Lakh

12% less than the average Deputy Manager Salary in NBFC Companies for 0 - 13 years of experience

Interested in this particular role? 4 job openings

Salaries in different departments

BFSI, Investments & Trading Deputy Manager Salary 4 - 11 years exp. (11 salaries)	₹5 L/yr - ₹10.1 L/yr
Risk Management & Compliance Deputy Manager Salary 0 - 12 years exp. (9 salaries)	₹6.2 L/yr - ₹8.4 L/yr
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Finance & Accounting Deputy Manager Salary 1 - 12 years exp. (6 salaries)	₹5.7 L/yr - ₹11 L/yr
Human Resources Deputy Manager Salary 1 - 13 years exp. (6 salaries)	₹5 L/yr - ₹9.9 L/yr
Data Science & Analytics Deputy Manager Salary 2 - 7 years exp. (5 salaries)	₹7.5 L/yr - ₹11 L/yr

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Last Updated: 20 Feb 2025

Companies similar to Mahindra Finance for Deputy Manager in Mumbai

Mahindra Finance Deputy Manager Salary

0 - 13 years exp. (73 salaries)

₹4.2 L/yr - ₹11.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Deputy Manager Salary 0 - 14 years exp. (3.6k salaries)	₹2 L/yr - ₹10 L/yr 21% less
Global Wings Abudhabi Deputy Manager Salary 7 - 13 years exp. (4 salaries)	₹9.5 L/yr - ₹11.6 L/yr 48% more
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ICICI Bank Deputy Manager Salary 0 - 15 years exp. (3.6k salaries)	₹2 L/yr - ₹10.6 L/yr 13% less
Axis Bank Deputy Manager Salary 0 - 14 years exp. (2.2k salaries)	₹2 L/yr - ₹11 L/yr 16% less
Bajaj Finance Deputy Manager Salary 0 - 10 years exp. (18 salaries)	₹3.2 L/yr - ₹7 L/yr 32% less	1 job opening
Tata Capital Deputy Manager Salary 3 - 11 years exp. (4 salaries)	₹4 L/yr - ₹5.8 L/yr 29% less
Aditya Birla Capital Deputy Manager Salary 0 - 10 years exp. (62 salaries)	₹3.5 L/yr - ₹11 L/yr 8% less
IIFL Finance Deputy Manager Salary 2 - 11 years exp. (53 salaries)	₹3.5 L/yr - ₹10 L/yr 7% less
Mahindra Rural Housing Finance Deputy Manager Salary 2 - 11 years exp. (47 salaries)	₹3.6 L/yr - ₹12 L/yr 10% less	1 job opening
Kotak Mahindra Prime Deputy Manager Salary 1 - 12 years exp. (38 salaries)	₹3.5 L/yr - ₹7.5 L/yr 25% less
Capri Global Capital Deputy Manager Salary 4 - 14 years exp. (28 salaries)	₹4.3 L/yr - ₹10 L/yr 12% less
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Shriram Finance Deputy Manager Salary 5 - 17 years exp. (20 salaries)	₹3.9 L/yr - ₹7.6 L/yr 30% less
Reliance Capital Deputy Manager Salary 1 - 9 years exp. (18 salaries)	₹5.5 L/yr - ₹11 L/yr 7% less
Poonawalla Fincorp Deputy Manager Salary 1 - 12 years exp. (9 salaries)	₹5.3 L/yr - ₹10 L/yr 3% more
Sundaram Finance Deputy Manager Salary 6 - 20 years exp. (7 salaries)	₹6.1 L/yr - ₹11 L/yr 10% more
Muthoot Fincorp Deputy Manager Salary 6 - 14 years exp. (6 salaries)	₹3.3 L/yr - ₹5 L/yr 37% less
Sammaan Capital Limited Deputy Manager Salary 3 - 10 years exp. (5 salaries)	₹5 L/yr - ₹10.2 L/yr 13% more
Manappuram Finance Deputy Manager Salary 4 - 10 years exp. (4 salaries)	₹3.3 L/yr - ₹6.5 L/yr 35% less
Muthoot Finance Deputy Manager Salary 7 - 14 years exp. (4 salaries)	₹5 L/yr - ₹7 L/yr 24% less
Cholamandalam Investment & Finance Deputy Manager Salary 4 - 10 years exp. (3 salaries)	₹3.2 L/yr - ₹8 L/yr 30% less

Deputy Manager salary at Mahindra Finance ranges between ₹4.2 Lakhs to ₹11.5 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 73 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Deputy Manager salaries in Mumbai

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.1 L/yr - ₹9 L/yr
1 year (8 salaries)	₹5.1 L/yr - ₹10 L/yr
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2 years (5 salaries)	₹7.1 L/yr - ₹8.3 L/yr
3 years (6 salaries)	₹7.5 L/yr - ₹9.5 L/yr
4 years (4 salaries)	₹6 L/yr - ₹9.4 L/yr
5 years (6 salaries)	₹7.2 L/yr - ₹10.8 L/yr
6 years (9 salaries)	₹5 L/yr - ₹11.5 L/yr
7 years (7 salaries)	₹5.7 L/yr - ₹9 L/yr
8 years (13 salaries)	₹4.2 L/yr - ₹11 L/yr
9 years (5 salaries)	₹5.5 L/yr - ₹10.4 L/yr
10 years (3 salaries)	₹6.2 L/yr - ₹10.2 L/yr
11 years (AmbitionBox Estimate)	₹7 L/yr - ₹8 L/yr
12 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹8 L/yr
13 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹9.4 L/yr

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From

Deputy Manager

₹

Lakhs/yr

0 - 14 years exp.

Divisional Manager

₹

Lakhs/yr

9 - 23 years exp.

Deputy Manager 0 - 14 years exp.

Area Business Manager 5 - 18 years exp.

28% hike

Divisional Manager 9 - 23 years exp.

114% hike

From

1 more level

Deputy Manager

0 - 14 years exp.

Senior Manager

4 - 13 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

Project Manager Salary

(13 salaries)

₹8 L/yr - ₹25.2 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

4.2

Rated by 10 employees for salary & benefits

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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Mahindra Finance Deputy Manager Salary FAQs

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

Deputy Manager salary at Mahindra Finance in Mumbai ranges between ₹4.2 Lakhs to ₹11.5 Lakhs for less than 1 year of experience to 13 years. According to our estimates it is 12% less than the average Deputy Manager Salary in India. Salary estimates are based on 73 latest salaries received from various employees of Mahindra Finance Mumbai.

How does the salary of a Deputy Manager at Mahindra Finance Mumbai compare with the average salary range for this job?

The average salary of a Deputy Manager at Mahindra Finance is 12% less than the average salary of a Deputy Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Deputy Manager at Mahindra Finance?

Civil Engineering, Inventory Management, Monitoring, Communication Skills and Offer Negotiation are some of the popular skills required to work as a Deputy Manager at Mahindra Finance Mumbai.

Which similar companies are paying more than Mahindra Finance to a Deputy Manager in Mumbai?

Global Wings Abudhabi Deputy Manager Salary - ₹9.5 Lakhs to ₹11.6 Lakhs per year
Sammaan Capital Limited Deputy Manager Salary - ₹5.0 Lakhs to ₹10.2 Lakhs per year
Sundaram Finance Deputy Manager Salary - ₹6.1 Lakhs to ₹11.0 Lakhs per year
Poonawalla Fincorp Deputy Manager Salary - ₹5.3 Lakhs to ₹10.0 Lakhs per year

What is the salary of a Deputy Manager in companies similar to Mahindra Finance in Mumbai?

Reliance Capital Deputy Manager Salary - ₹5.5 Lakhs to ₹11.0 Lakhs per year
IIFL Finance Deputy Manager Salary - ₹3.5 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Capital Deputy Manager Salary - ₹3.5 Lakhs to ₹11.0 Lakhs per year
Mahindra Rural Housing Finance Deputy Manager Salary - ₹3.6 Lakhs to ₹12.0 Lakhs per year
Capri Global Capital Deputy Manager Salary - ₹4.3 Lakhs to ₹10.0 Lakhs per year

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

The estimated take-home salary of a Deputy Manager at Mahindra Finance ranges between ₹55,809 per month to ₹57,207 per month in Mumbai. The take-home salary calculation is based on the average Mahindra Finance Deputy Manager salary in India which ranges between ₹4.2 Lakhs to ₹11.5 Lakhs per year for employees with less than 1 year of experience to 13 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 73% of the Mahindra Finance Deputy Managers in Mumbai reported a notice period of 3 Months, 14% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 55 responses on AmbitionBox in last 2 years.

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Mahindra Finance Deputy Manager Salaries in Mumbai

Mahindra Finance Deputy Manager salary in Mumbai ranges between ₹4.2 Lakhs to ₹11.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 73 Mahindra Finance latest salaries received from various employees of Mahindra Finance.