Mahindra Finance Mumbai Manager M1 Salaries by 3 Employees (Updated 2025)

15 - 17 years exp.

₹10 Lakhs - ₹14 Lakhs

Low Confidence

Salary of majority employees

Fixed (86%)

₹10.9 Lakhs

Variable (14%)

₹1.8 Lakh

14% more than the average Manager M1 Salary in NBFC Companies for 15 - 17 years of experience

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Last Updated: 25 Feb 2025

Companies similar to Mahindra Finance for Manager M1 in Mumbai

Mahindra Finance Manager M1 Salary

15 - 17 years exp. (3 salaries)

₹10 L/yr - ₹14 L/yr

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit Manager M1 Salary 2 - 12 years exp. (14 salaries)	₹6.5 L/yr - ₹15 L/yr 10% less
ICICI Bank Manager M1 Salary 1 - 17 years exp. (508 salaries)	₹4.5 L/yr - ₹15 L/yr 14% less
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ICICI Securities Manager M1 Salary 4 - 10 years exp. (27 salaries)	₹4.3 L/yr - ₹9 L/yr 48% less
Capgemini Manager M1 Salary 10 - 17 years exp. (26 salaries)	₹9.4 L/yr - ₹24 L/yr 18% more
ICICI Prudential Life Insurance Manager M1 Salary 1 - 11 years exp. (25 salaries)	₹6 L/yr - ₹9.5 L/yr 40% less

Manager M1 salary at Mahindra Finance ranges between ₹10 Lakhs to ₹14 Lakhs per year for employees with experience between 15 years to 17 years. Salary estimates are based on 3 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Manager M1 salaries in Mumbai

Last Updated: 25 Feb 2025

Experience	Avg Annual Salary
15+ years (3 salaries)	₹10 L/yr - ₹14 L/yr
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Similar Designation salaries in Mahindra Finance

Deputy Manager Salary

(79 salaries)

₹4.2 L/yr - ₹11.5 L/yr

Project Manager Salary

(13 salaries)

₹8 L/yr - ₹25.2 L/yr

Branch Manager Salary

(3 salaries)

₹4.3 L/yr - ₹6.1 L/yr

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.

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

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..

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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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Mahindra Finance Manager M1 Salary FAQs

How the salary growth look like for a Manager M1 at Mahindra Finance in Mumbai?

The salary growth for a Manager M1 at Mahindra Finance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager M1 in Mumbai can expect the following growth trajectory at Mahindra Finance:

Experience	Average Salary Range
15 years	₹10.0 Lakhs to ₹14.0 Lakhs per year

and so on.

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Mahindra Finance Manager M1 Salaries in Mumbai

Mahindra Finance Manager M1 salary in Mumbai ranges between ₹10 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Mahindra Finance latest salaries received from various employees of Mahindra Finance.