Mahindra Finance Risk Manager Salaries by 5 Employees

6 - 17 years exp.

₹17.1 Lakhs - ₹25.3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

73% more than the average Risk Manager Salary in NBFC Companies for 6 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Risk Manager Salary 6 - 16 years exp. (3 salaries)	₹21 L/yr - ₹25.3 L/yr
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Risk Management & Compliance Risk Manager Salary 14 years exp. (AmbitionBox Estimate)	₹15.4 L/yr - ₹18.8 L/yr

Last Updated: 18 Mar 2023

Companies similar to Mahindra Finance for Risk Manager

Company name	Avg Annual Salary	Open Jobs
L&T Finance Risk Manager Salary 0 - 8 years exp. (180 salaries)	₹2.4 L/yr - ₹5 L/yr 82% less
SMFG India Credit Risk Manager Salary 3 - 11 years exp. (34 salaries)	₹2.4 L/yr - ₹5.1 L/yr 83% less
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Bajaj Finance Risk Manager Salary 0 - 6 years exp. (29 salaries)	₹4.1 L/yr - ₹7.9 L/yr 67% less
IIFL Finance Risk Manager Salary 1 - 7 years exp. (11 salaries)	₹8.1 L/yr - ₹24 L/yr 33% less
CreditAccess Grameen Risk Manager Salary 5 - 9 years exp. (8 salaries)	₹2.9 L/yr - ₹5.5 L/yr 78% less
HDB Financial Services Risk Manager Salary 2 - 17 years exp. (8 salaries)	₹3 L/yr - ₹10 L/yr 72% less
Bharat Financial Inclusion Risk Manager Salary 0 - 6 years exp. (7 salaries)	₹3.8 L/yr - ₹11 L/yr 66% less
Poonawalla Fincorp Risk Manager Salary 1 - 18 years exp. (7 salaries)	₹4.7 L/yr - ₹13.5 L/yr 59% less
Aavas Financiers Risk Manager Salary 4 - 7 years exp. (5 salaries)	₹2.1 L/yr - ₹8.4 L/yr 79% less
Satin Creditcare Network Risk Manager Salary 1 - 4 years exp. (4 salaries)	₹3 L/yr - ₹4.1 L/yr 84% less
PNB Housing Finance Risk Manager Salary 8 years exp. (3 salaries)	₹8.8 L/yr - ₹18 L/yr 43% less
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Shriram Finance Risk Manager Salary 2 - 14 years exp. (4 salaries)	₹2.8 L/yr - ₹7.1 L/yr 79% less
Mahindra Rural Housing Finance Risk Manager Salary 7 - 12 years exp. (3 salaries)	₹8 L/yr - ₹12 L/yr 53% less
Sammaan Capital Limited Risk Manager Salary 2 - 8 years exp. (3 salaries)	₹6.2 L/yr - ₹6.8 L/yr 70% less

Risk Manager salary at Mahindra Finance ranges between ₹17.1 Lakhs to ₹25.3 Lakhs per year for employees with experience between 6 years to 17 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Risk Manager salaries

Last Updated: 18 Mar 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹22.4 L/yr - ₹28.6 L/yr
7 years (AmbitionBox Estimate)	₹22 L/yr - ₹28.1 L/yr
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8 years (AmbitionBox Estimate)	₹21.5 L/yr - ₹27.5 L/yr
9 years (AmbitionBox Estimate)	₹21 L/yr - ₹26.9 L/yr
10 years (AmbitionBox Estimate)	₹20.6 L/yr - ₹26.3 L/yr
11 years (AmbitionBox Estimate)	₹20.1 L/yr - ₹25.7 L/yr
12 years (AmbitionBox Estimate)	₹19.7 L/yr - ₹25.2 L/yr
13 years (AmbitionBox Estimate)	₹19.2 L/yr - ₹24.6 L/yr
14 years (AmbitionBox Estimate)	₹18.8 L/yr - ₹24 L/yr
15+ years (AmbitionBox Estimate)	₹17.9 L/yr - ₹22.8 L/yr

View all

Similar Designation salaries in Mahindra Finance

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₹2.2 L/yr - ₹5.5 L/yr

Accountant Salary

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₹1.7 L/yr - ₹5.25 L/yr

Senior Auditor Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Senior Audit Manager Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Senior Associate Salary

(5 salaries)

₹7.13 L/yr - ₹9.66 L/yr

Internal Auditor Salary

(3 salaries)

₹6.5 L/yr - ₹10 L/yr

Senior Consultant Salary

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₹0.4 L/yr - ₹1.2 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.

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..

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.

Senior Business Executive in Port Blair

Full Time

Marketing & Communication Department

5.0

• posted on 12 Oct 2024

5.0

for Salary and Benefits

Likes

... have small suggestion in future we can do less paper work business like bank. We can do better then bank but some were missing salary customers they prefer bank. We are giving quick dispendment but some paper missing we can't give same days. This my suggestion our mahindra

Salary - Excellent

+6 more

Dislikes

No never I said because this is great company iam pleasure with working them my experience is 13yrs I hope future I have an good position work with our Mahindra family... Thank you jai hind....

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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 Risk Manager Salary FAQs

What is the salary of Risk Manager at Mahindra Finance ?

The average salary of a Risk Manager at Mahindra Finance in India typically ranges from ₹17.1 Lakhs to ₹25.3 Lakhs per year, depending on experience (from 6 years to 17 years).

The top 10% of Risk Manager at Mahindra Finance earn more than ₹25.3 Lakhs per year, and the top 1% earn over ₹25.3 Lakhs per year. Risk 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 5 Mahindra Finance employees in India.

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

The estimated take-home salary of a Risk Manager at Mahindra Finance in India typically ranges from ₹1,43,116 to ₹1,48,451 per month. This is based on the average salary range of ₹17.1 Lakhs to ₹25.3 Lakhs per year for employees with experience ranging from 6 years to 17 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 Risk Manager in companies similar to Mahindra Finance in India?

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

IIFL Finance	₹8.1 Lakhs to ₹24.0 Lakhs per year
PNB Housing Finance	₹8.8 Lakhs to ₹18.0 Lakhs per year
Mahindra Rural Housing Finance	₹8.0 Lakhs to ₹12.0 Lakhs per year
Poonawalla Fincorp	₹4.7 Lakhs to ₹13.5 Lakhs per year
Bharat Financial Inclusion	₹3.8 Lakhs to ₹11.0 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 Risk Manager at Mahindra Finance in India?

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

Experience	Average Salary Range
6 years	₹22.4 Lakhs to ₹28.6 Lakhs per year
7 years	₹22.0 Lakhs to ₹28.1 Lakhs per year
8 years	₹21.5 Lakhs to ₹27.5 Lakhs per year
9 years	₹21.0 Lakhs to ₹26.9 Lakhs per year

and so on.

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Mahindra Finance Risk Manager Salaries

Mahindra Finance Risk Manager salary in India ranges between ₹17.1 Lakhs to ₹25.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mahindra Finance latest salaries received from various employees of Mahindra Finance.