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Mahindra Finance

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Mahindra Finance Financial Service Executive salaries in India (Updated 2025)

Annual salary range
6 - 9 years exp.
₹3.2 Lakhs - ₹4.1 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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27% more than the average Financial Service Executive Salary in NBFC Companies for 6 - 9 years of experience

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Salaries in different departments

Merchandising, Retail & eCommerce
Financial Service Executive Salary
6 - 9 years exp. (3 salaries)
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₹2.9 L/yr - ₹3.5 L/yr

Finance & Accounting
Financial Service Executive Salary
7 - 9 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.1 L/yr

Last Updated: 8 Mar 2025

Companies similar to Mahindra Finance for Financial Service Executive

Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹4 L/yr

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₹1.5 L/yr - ₹3 L/yr

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₹1.5 L/yr - ₹2.7 L/yr

arrow icon 39% less
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₹1.8 L/yr - ₹3 L/yr

arrow icon 33% less
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₹2.2 L/yr - ₹3.5 L/yr

arrow icon 13% less
Financial Service Executive salary at Mahindra Finance ranges between ₹3.2 Lakhs to ₹4.1 Lakhs per year for employees with experience between 6 years to 9 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Financial Service Executive

3d ago
₹3.2 Lakhs
9 years exp.
9mo ago
₹4.1 Lakhs
9 years exp.
11mo ago
₹3.2 Lakhs
8 years exp.
1y ago
₹3.2 Lakhs
6 years exp.
1y ago
₹3.5 Lakhs
7 years exp.

Experience wise Mahindra Finance Financial Service Executive salaries

Last Updated: 8 Mar 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹3.2 L/yr
7 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹3.5 L/yr
8 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹6.2 L/yr
9 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr

Similar Designation salaries in Mahindra Finance

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(152 salaries)
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₹2.2 L/yr - ₹9 L/yr
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₹1.5 L/yr - ₹4.5 L/yr
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₹2.3 L/yr - ₹5.5 L/yr
Credit Manager Salary
(114 salaries)
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₹2.66 L/yr - ₹12.98 L/yr
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₹2.8 L/yr - ₹7 L/yr
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₹2.2 L/yr - ₹6 L/yr
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₹3.75 L/yr - ₹11.57 L/yr
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₹1.5 L/yr - ₹5.5 L/yr
Cluster Manager Salary
(34 salaries)
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₹6.5 L/yr - ₹16 L/yr
Credit Officer Salary
(32 salaries)
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₹1.5 L/yr - ₹3.58 L/yr

Salary related reviews for Mahindra Finance

3.3

Rated by 3 employees for salary & benefits

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.,

read more
  • Salary - Poor
  • +6 more

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.

read more
  • Salary - Good
  • +3 more

Dislikes

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

read more
  • Promotions - Poor

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.

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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.

read more
  • Salary - Bad
  • +6 more

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..

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Salary - Bad
  • +4 more
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Mahindra Finance Financial Service Executive Salary FAQs

What is the salary of Financial Service Executive at Mahindra Finance ?
The average salary of a Financial Service Executive at Mahindra Finance in India typically ranges from ₹3.2 Lakhs to ₹4.1 Lakhs per year, depending on experience (from 6 years to 9 years).

The top 10% of Financial Service Executive at Mahindra Finance earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. Financial Service Executive 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 5 Mahindra Finance employees in India.
What is the estimated take home salary of a Financial Service Executive at Mahindra Finance in India?
The estimated take-home salary of a Financial Service Executive at Mahindra Finance in India typically ranges from ₹24,584 to ₹26,029 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from 6 years to 9 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 5 salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Financial Service Executive in companies similar to Mahindra Finance in India?
The salary of a Financial Service Executive at companies similar to Mahindra Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Prudential Life Insurance ₹2.2 Lakhs to ₹3.5 Lakhs per year
HDB Financial Services ₹2.0 Lakhs to ₹4.0 Lakhs per year
TVS Credit ₹1.8 Lakhs to ₹3.0 Lakhs per year
Bajaj Finance ₹1.5 Lakhs to ₹3.0 Lakhs per year
L&T Finance ₹1.5 Lakhs to ₹2.7 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 Financial Service Executive at Mahindra Finance in India?
The salary growth for a Financial Service Executive at Mahindra Finance depends on factors such as experience, performance, and promotions. On average, a Financial Service Executive can expect the following growth trajectory at Mahindra Finance:

Experience Average Salary Range
6 years ₹3.2 Lakhs to ₹3.2 Lakhs per year
7 years ₹1.3 Lakhs to ₹3.5 Lakhs per year
8 years ₹3.2 Lakhs to ₹6.2 Lakhs per year
9 years ₹3.2 Lakhs to ₹4.1 Lakhs per year
and so on.

Tell us how to improve this page.

Mahindra Finance Financial Service Executive salary in India ranges between ₹3.2 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Mahindra Finance latest salaries received from various employees of Mahindra Finance.