Mahindra Finance Sales Associate Salaries by 4 Employees

1 - 9 years exp.

₹2.2 Lakhs - ₹3.6 Lakhs

Low Confidence

Salary of majority employees

13% less than the average Sales Associate Salary in NBFC Companies for 1 - 9 years of experience

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Last Updated: 4 May 2024

Companies similar to Mahindra Finance for Sales Associate

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Sales Associate Salary 0 - 10 years exp. (29 salaries)	₹1.3 L/yr - ₹3.6 L/yr 14% less
HDFC Bank Sales Associate Salary 0 - 6 years exp. (55 salaries)	₹1.4 L/yr - ₹3 L/yr 18% less
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Shriram Finance Sales Associate Salary 2 - 8 years exp. (5 salaries)	₹1.4 L/yr - ₹3 L/yr 13% less
L&T Finance Sales Associate Salary 1 - 4 years exp. (5 salaries)	₹1.8 L/yr - ₹4.5 L/yr 11% less
Cholamandalam Investment & Finance Sales Associate Salary 3 - 9 years exp. (5 salaries)	₹2.6 L/yr - ₹3 L/yr At par
Muthoot Finance Sales Associate Salary 1 - 12 years exp. (4 salaries)	₹1.7 L/yr - ₹2.4 L/yr 27% less
Aditya Birla Capital Sales Associate Salary 1 - 6 years exp. (10 salaries)	₹2.8 L/yr - ₹3.4 L/yr 9% more
Edelweiss Sales Associate Salary 7 years exp. (3 salaries)	₹6 L/yr - ₹6.4 L/yr 126% more
Sammaan Capital Limited Sales Associate Salary 0 - 4 years exp. (8 salaries)	₹2.3 L/yr - ₹2.8 L/yr 11% less
Sundaram Finance Sales Associate Salary 0 - 7 years exp. (128 salaries)	₹1.1 L/yr - ₹3.5 L/yr 13% less	1 job opening
Tata Capital Housing Finance Sales Associate Salary 1 - 9 years exp. (78 salaries)	₹2.4 L/yr - ₹4.8 L/yr 34% more
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HDB Financial Services Sales Associate Salary 0 - 6 years exp. (56 salaries)	₹1.4 L/yr - ₹3.2 L/yr 24% less
Kotak Mahindra Prime Sales Associate Salary 0 - 7 years exp. (26 salaries)	₹1.5 L/yr - ₹3.1 L/yr 10% less
TVS Credit Sales Associate Salary 0 - 8 years exp. (7 salaries)	₹2.5 L/yr - ₹4.1 L/yr 20% more
IIFL Finance Sales Associate Salary 1 - 3 years exp. (6 salaries)	₹1.8 L/yr - ₹3.4 L/yr 30% less
Aavas Financiers Sales Associate Salary 2 - 5 years exp. (4 salaries)	₹1.9 L/yr - ₹3.4 L/yr 16% less
Muthoot Fincorp Sales Associate Salary 4 - 6 years exp. (3 salaries)	₹2.2 L/yr - ₹3.5 L/yr 5% less

Sales Associate salary at Mahindra Finance ranges between ₹2.2 Lakhs to ₹3.6 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Sales Associate salaries

Last Updated: 4 May 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.8 L/yr
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
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3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.9 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
5 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
7 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr
9 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.6 L/yr

View all

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Team Lead Salary

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Area Sales Manager Salary

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Area Sales Executive Salary

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Salary related reviews for Mahindra Finance

5.0

Rated by 3 employees for salary & benefits

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

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.

Cashier in Malkangiri

Full Time

Finance & Accounting Department

5.0

• posted on 19 Nov 2021

5.0

for Salary and Benefits

Likes

My company has nice work culture and allows employees to work freely and also good support from seniors and employees are motivated and appreciated for their effort.

Salary - Excellent

+6 more

Dislikes

There is nothing i dislike about the job in particular, But i honestly say that i have a family, i have one daughter and better salary is really needed that time with all the expenses... Company Refuse to pay the salary actually how much i need. So, I resigned my job...

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

Sales Executive in Derabassi

Finance & Accounting Department

5.0

• posted on 19 Feb 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.Teammates ase suppotive and the management is transparent. Company policies are good , appraisal are fair.

Salary - Excellent

+5 more

Dislikes

Salary is decent but career growth is slow. On the job training is not given to new joinees.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Mahindra Finance Sales Associate Salary FAQs

What is the salary of Sales Associate at Mahindra Finance ?

The average salary of a Sales Associate at Mahindra Finance in India typically ranges from ₹2.2 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 1 year to 9 years).

The top 10% of Sales Associate at Mahindra Finance earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Sales Associate 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 Sales Associate at Mahindra Finance in India?

The estimated take-home salary of a Sales Associate at Mahindra Finance in India typically ranges from ₹19,590 to ₹21,260 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from 1 year 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 4 salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Finance for Sales Associate in India?

Edelweiss	₹6.0 Lakhs to ₹6.4 Lakhs per year
Tata Capital Housing Finance	₹2.4 Lakhs to ₹4.8 Lakhs per year
TVS Credit	₹2.5 Lakhs to ₹4.1 Lakhs per year
Aditya Birla Capital	₹2.8 Lakhs to ₹3.4 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 Sales Associate in companies similar to Mahindra Finance in India?

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

Cholamandalam Investment & Finance	₹2.6 Lakhs to ₹3.0 Lakhs per year
Muthoot Fincorp	₹2.2 Lakhs to ₹3.5 Lakhs per year
Kotak Mahindra Prime	₹1.5 Lakhs to ₹3.1 Lakhs per year
Sammaan Capital Limited	₹2.3 Lakhs to ₹2.8 Lakhs per year
L&T Finance	₹1.8 Lakhs to ₹4.5 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 Sales Associate at Mahindra Finance in India?

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

Experience	Average Salary Range
1 year	₹2.2 Lakhs to ₹4.8 Lakhs per year
2 years	₹2.4 Lakhs to ₹3.1 Lakhs per year
3 years	₹2.2 Lakhs to ₹4.9 Lakhs per year
4 years	₹2.4 Lakhs to ₹3.1 Lakhs per year

and so on.

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Mahindra Finance Sales Associate Salaries

Mahindra Finance Sales Associate salary in India ranges between ₹2.2 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.