Mahindra Finance Chennai Manager Salaries by 8 Employees (Updated 2024)

4 - 13 years exp.

₹4.8 Lakhs - ₹12 Lakhs

Salary of majority employees

44% less than the average Manager Salary in NBFC Companies for 4 - 13 years of experience

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Salaries in different departments

Customer Success, Service & Operations Manager Salary 10 - 13 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
Finance & Accounting Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹8.8 L/yr
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BFSI, Investments & Trading Manager Salary 8 years exp. (AmbitionBox Estimate)	₹8.4 L/yr - ₹11 L/yr
Sales & Business Development Manager Salary 7 years exp. (AmbitionBox Estimate)	₹8.5 L/yr - ₹12 L/yr
Legal & Regulatory Manager Salary 13 years exp. (AmbitionBox Estimate)	₹8.1 L/yr - ₹8.7 L/yr

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Last Updated: 4 Nov 2024

Companies similar to Mahindra Finance for Manager in Chennai

Mahindra Finance Manager Salary

4 - 13 years exp. (8 salaries)

₹4.8 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Manager Salary 1 - 11 years exp. (46 salaries)	₹3.5 L/yr - ₹10.1 L/yr 34% less	2 job openings
HDFC Bank Manager Salary 0 - 18 years exp. (1k salaries)	₹4.1 L/yr - ₹15 L/yr 3% less	1 job opening
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Shriram Finance Manager Salary 3 - 15 years exp. (24 salaries)	₹3.1 L/yr - ₹14.4 L/yr 12% less
L&T Finance Manager Salary 3 - 13 years exp. (13 salaries)	₹5.7 L/yr - ₹11 L/yr 9% more
Cholamandalam Investment & Finance Manager Salary 3 - 12 years exp. (28 salaries)	₹5.5 L/yr - ₹17.7 L/yr 13% more
Muthoot Finance Manager Salary 3 - 13 years exp. (11 salaries)	₹3 L/yr - ₹5.5 L/yr 49% less
Aditya Birla Capital Manager Salary 5 - 11 years exp. (12 salaries)	₹4.5 L/yr - ₹17 L/yr 5% more
Sammaan Capital Limited Manager Salary 7 - 13 years exp. (3 salaries)	₹4.2 L/yr - ₹7.7 L/yr 19% less
TVS Credit Manager Salary 0 - 11 years exp. (22 salaries)	₹7 L/yr - ₹19.1 L/yr 25% more
Sundaram Finance Manager Salary 3 - 20 years exp. (15 salaries)	₹9 L/yr - ₹14 L/yr 26% more
Manappuram Finance Manager Salary 1 - 9 years exp. (14 salaries)	₹2 L/yr - ₹6 L/yr 53% less
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Kotak Mahindra Prime Manager Salary 5 - 13 years exp. (14 salaries)	₹5 L/yr - ₹9.9 L/yr 12% less
IDFC FIRST Bharat Manager Salary 3 - 11 years exp. (9 salaries)	₹4.2 L/yr - ₹8 L/yr 40% less
IIFL Finance Manager Salary 8 - 12 years exp. (7 salaries)	₹3 L/yr - ₹9.8 L/yr 32% less	1 job opening
SMFG India Credit Manager Salary 8 - 11 years exp. (6 salaries)	₹4.3 L/yr - ₹10 L/yr 4% more
Muthoot Fincorp Manager Salary 4 - 11 years exp. (3 salaries)	₹3.4 L/yr - ₹6 L/yr 41% less

Manager salary at Mahindra Finance ranges between ₹4.8 Lakhs to ₹12 Lakhs per year for employees with experience between 4 years to 13 years. Salary estimates are based on 8 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Manager salaries in Chennai

Last Updated: 4 Nov 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹8 L/yr - ₹15.4 L/yr
5 years (AmbitionBox Estimate)	₹8 L/yr - ₹15.5 L/yr
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6 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹12 L/yr
8 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹11 L/yr
9 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹16.1 L/yr
10 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹16.3 L/yr
11 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr
12 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
13 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹16.7 L/yr

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Similar Designation salaries in Mahindra Finance

Deputy Manager Salary

(14 salaries)

₹5 L/yr - ₹10 L/yr

Credit Manager Salary

(3 salaries)

₹5.4 L/yr - ₹10.13 L/yr

Top skills at Mahindra Finance for Manager

HR Operations Business Development Relationship Management Project Management Raw Material

Salary related reviews for Mahindra Finance

4.0

Rated by 2 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.

Dislikes

So far no issues.

Credit Manager in Mumbai

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.

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.

Credit Manager in Sinnar

BFSI, Investments & Trading Department

5.0

• posted on 26 Jan 2022

5.0

for Salary and Benefits

Likes

Full job security, But Your appraisal judge by company's points of view, not what rating and score given to you by your reporting manager and his boss, Companies HR is for only the name, No any Respect for Appraisal Rating

Dislikes

Working culture is good, you can get retirement here , but with lowest salary, there is no any waitege for your appraisal ratings

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..

Dislikes

Only salary package..

Circle Head in Kolkata

Full Time

Strategic & Top Management Department

3.0

• posted on 04 Nov 2024

2.0

for Salary and Benefits

Likes

Earlier it used to be Culture and company policies. But since the management has changed it’s a pathetic situation. Old employees at senior level of 22+ years in the organisation has also been sacked.

Dislikes

No work life balance Low salary growth for existing employees Weak management Poor policy

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Mahindra Finance Manager Salary FAQs

What is the salary of Manager at Mahindra Finance Chennai?

Manager salary at Mahindra Finance in Chennai ranges between ₹4.8 Lakhs to ₹12.0 Lakhs for experience between 4 years to 13 years. According to our estimates it is 44% less than the average Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Mahindra Finance Chennai.

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

The average salary of a Manager at Mahindra Finance is 44% less than the average salary of a Manager in Chennai. To know exact salary insights, login to view.

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

HR Operations, Business Development, Relationship Management, Project Management and Raw Material are some of the popular skills required to work as a Manager at Mahindra Finance Chennai.

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

Sundaram Finance Manager Salary - ₹9.0 Lakhs to ₹14.0 Lakhs per year
TVS Credit Manager Salary - ₹7.0 Lakhs to ₹19.1 Lakhs per year
Cholamandalam Investment & Finance Manager Salary - ₹5.5 Lakhs to ₹17.7 Lakhs per year
L&T Finance Manager Salary - ₹5.7 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Capital Manager Salary - ₹4.5 Lakhs to ₹17.0 Lakhs per year

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

SMFG India Credit Manager Salary - ₹4.3 Lakhs to ₹10.0 Lakhs per year
HDFC Bank Manager Salary - ₹4.1 Lakhs to ₹15.0 Lakhs per year
Shriram Finance Manager Salary - ₹3.1 Lakhs to ₹14.4 Lakhs per year
Kotak Mahindra Prime Manager Salary - ₹5.0 Lakhs to ₹9.9 Lakhs per year
Sammaan Capital Limited Manager Salary - ₹4.2 Lakhs to ₹7.7 Lakhs per year

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

The estimated take-home salary of a Manager at Mahindra Finance ranges between ₹66,188 per month to ₹67,880 per month in Chennai. The take-home salary calculation is based on the average Mahindra Finance Manager salary in India which ranges between ₹4.8 Lakhs to ₹12.0 Lakhs per year for employees with experience between 4 years to 13 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the Mahindra Finance Managers in Chennai reported a notice period of 3 Months, 16% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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Mahindra Finance Manager Salaries in Chennai

Mahindra Finance Manager salary in Chennai ranges between ₹4.8 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Mahindra Finance latest salaries received from various employees of Mahindra Finance.