Mahindra Finance Mumbai Divisional Manager Salaries by 4 Employees

10 - 22 years exp.

₹10.8 Lakhs - ₹18 Lakhs

Avg. annual salary

Monthly In-hand Salary

18% more than the average Divisional Manager Salary in NBFC Companies for 10 - 22 years of experience

Interested in this particular role? 1 job opening

Last Updated: 11 Sep 2024

Companies similar to Mahindra Finance for Divisional Manager in Mumbai

Mahindra Finance Divisional Manager Salary

10 - 22 years exp. (4 salaries)

₹10.8 L/yr - ₹18 L/yr

Company name	Avg Annual Salary	Open Jobs
Micro Labs Divisional Manager Salary 20 - 26 years exp. (9 salaries)	₹9.3 L/yr - ₹15.5 L/yr 33% less
Raychem RPG Divisional Manager Salary 13 - 24 years exp. (8 salaries)	₹25 L/yr - ₹35 L/yr 99% more
Login to view exact salary
Fraazo Divisional Manager Salary 7 - 15 years exp. (7 salaries)	₹7 L/yr - ₹13 L/yr 41% less
Jumbo Finvest India Divisional Manager Salary 23 - 26 years exp. (5 salaries)	₹16 L/yr - ₹18 L/yr 4% more
Delvin Formulations Divisional Manager Salary 23 - 27 years exp. (5 salaries)	₹9 L/yr - ₹9.4 L/yr 43% less

Divisional Manager salary at Mahindra Finance ranges between ₹10.8 Lakhs to ₹18 Lakhs per year for employees with experience between 10 years to 22 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Divisional Manager salaries in Mumbai

Last Updated: 11 Sep 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹12 L/yr - ₹15.4 L/yr
11 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹15.9 L/yr
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12 years (AmbitionBox Estimate)	₹12.8 L/yr - ₹16.4 L/yr
13 years (AmbitionBox Estimate)	₹13.2 L/yr - ₹16.9 L/yr
14 years (AmbitionBox Estimate)	₹13.6 L/yr - ₹17.4 L/yr
15+ years (AmbitionBox Estimate)	₹15.9 L/yr - ₹20.3 L/yr

View all

Similar Designation salaries in Mahindra Finance

Deputy Manager Salary

(83 salaries)

₹4.2 L/yr - ₹11.5 L/yr

Sales Manager Salary

(5 salaries)

₹4.45 L/yr - ₹8 L/yr

Marketing Manager Salary

(5 salaries)

₹12 L/yr - ₹17 L/yr

Branch Manager Salary

(3 salaries)

₹4.3 L/yr - ₹6.27 L/yr

Top skills at Mahindra Finance for Divisional Manager

Team Development Team Management Training Recruitment Channel Partners Portfolio Management Manpower Planning Sales Business Planning Service Level Dealer Management Malayalam Team Handling Relationship Management Home Loans

Salary related reviews for Mahindra Finance

5.0

Rated by 1 employees for salary & benefits

Divisional Manager in Lucknow

Sales & Business Development Department

5.0

• posted on 14 Jun 2020

5.0

for Salary and Benefits

Likes

As of now, senior management has taken care of all employees at optimum level. I have listen some very disturbing news related to job losses & salary cuts from other companies, fortunately Mahindra Finance is handling this adversity.

Salary - Excellent

+5 more

Dislikes

Nothing as of now related to pandemic period.

Sales Executive in Salem

Full Time

Finance & Accounting Department

2.0

• posted on 02 Mar 2025

1.0

for Salary and Benefits

Likes

Can learn everything thing

Skill development - Good

Dislikes

They will never promote genuine employee never give a pay rise no bonus no grade change like a slave You can work there for 5+ years with the same salary even your managers will not support you for promotions and salary hike

Salary - Bad

+4 more

Area Business Manager in Hyderabad / Secunderabad

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 27 Dec 2024

5.0

for Salary and Benefits

Likes

We get salary timely without any delay. This is the only good thing about this company.

Salary - Excellent

+5 more

Dislikes

No hybrid work culture, no work life balance (depends on your manager), as per policy only 3rd Saturday off but that too company can withdraw it at any moment. Incentive policies are critical to achieve RBMIs. Every month is March closing. Every month last Sunday is normal working day.

Area Business Manager in Kanpur

Full Time

Finance & Accounting Department

2.0

• posted on 07 Oct 2024

2.0

for Salary and Benefits

Likes

Salary on time Culture

Promotions - Good

+1 more

Dislikes

Work Life Balance no time for family or personal Timing for morning and no timing for working at night Extra works on holiday or off day IT system related issues High demands with Lowest System support

Salary - Poor

+2 more

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.

see more salary related reviews

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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 Divisional Manager Salary FAQs

What is the salary of Divisional Manager at Mahindra Finance in Mumbai?

The average salary of a Divisional Manager at Mahindra Finance in Mumbai typically ranges from ₹10.8 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 10 years to 22 years).

The top 10% of Divisional Manager in Mumbai at Mahindra Finance earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Divisional 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 4 Mahindra Finance employees in India.

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

The estimated take-home salary of a Divisional Manager at Mahindra Finance in Mumbai typically ranges from ₹1,11,000 to ₹1,14,077 per month. This is based on the average salary range of ₹10.8 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 10 years to 22 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 4 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 Divisional Manager at Mahindra Finance in Mumbai?

To be a Divisional Manager at Mahindra Finance in Mumbai, the key skills required include:

- Team Development
- Team Management
- Training
- Recruitment
- Channel Partners

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 Divisional Manager in India?

Raychem RPG	₹25.0 Lakhs to ₹35.0 Lakhs per year
Jumbo Finvest India	₹16.0 Lakhs to ₹18.0 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 Divisional Manager in companies similar to Mahindra Finance in Mumbai?

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

Micro Labs	₹9.3 Lakhs to ₹15.5 Lakhs per year
Fraazo	₹7.0 Lakhs to ₹13.0 Lakhs per year
Delvin Formulations	₹9.0 Lakhs to ₹9.4 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 Divisional Manager at Mahindra Finance in Mumbai?

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

Experience	Average Salary Range
10 years	₹12.0 Lakhs to ₹15.4 Lakhs per year
11 years	₹12.4 Lakhs to ₹15.9 Lakhs per year
12 years	₹12.8 Lakhs to ₹16.4 Lakhs per year
13 years	₹13.2 Lakhs to ₹16.9 Lakhs per year

and so on.

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Mahindra Finance Divisional Manager Salaries in Mumbai

Mahindra Finance Divisional Manager salary in Mumbai ranges between ₹10.8 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.