Mahindra Finance Senior Associate Salaries by 5 Employees

4 - 10 years exp.

₹7.1 Lakhs - ₹9.7 Lakhs

Low Confidence

Salary of majority employees

12% less than the average Senior Associate Salary in NBFC Companies for 4 - 10 years of experience

Interested in this particular role?

Last Updated: 13 Apr 2024

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Senior Associate salary at Mahindra Finance ranges between ₹7.1 Lakhs to ₹9.7 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Senior Associate salaries

Last Updated: 13 Apr 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹14.7 L/yr
5 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
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6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹15.6 L/yr
7 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹12 L/yr
9 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.8 L/yr
10 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹17.4 L/yr

View all

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Salary related reviews for Mahindra Finance

2.0

Rated by 1 employees for salary & benefits

Senior Engineer in Aurangaba Maharashtra

Technical Department

4.0

• posted on 25 May 2021

4.0

for Salary and Benefits

Likes

Good work environment and culture,team are supportive , company polices is good but Appraisal is not satisfied but more Learning in Mahindra Rural housing finance ltd last 4yers experience also I have 6month on team mentorship work role play..

Salary - Good

+1 more

Dislikes

Yes there is lot of Politics and management dosen't address our issues Salary is decent but carrer growth is slow....due to I have resigned it..

Job security - Poor

+3 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....

Area Business Manager in Kanpur

Full Time

Finance & Accounting Department

2.0

• posted on 07 Oct 2024

2.0

for Salary and Benefits

Likes

Salary on time Culture

Promotions - Good

+1 more

Dislikes

Work Life Balance no time for family or personal Timing for morning and no timing for working at night Extra works on holiday or off day IT system related issues High demands with Lowest System support

Salary - Poor

+2 more

Credit Manager in Chennai

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.,

Salary - Poor

+6 more

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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 Senior Associate Salary FAQs

What is the salary of Senior Associate at Mahindra Finance ?

The average salary of a Senior Associate at Mahindra Finance in India typically ranges from ₹7.1 Lakhs to ₹9.7 Lakhs per year, depending on experience (from 4 years to 10 years).

The top 10% of Senior Associate at Mahindra Finance earn more than ₹25.0 Lakhs per year, and the top 1% earn over ₹25.0 Lakhs per year. Senior 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 5 Mahindra Finance employees in India.

What is the estimated take home salary of a Senior Associate at Mahindra Finance in India?

The estimated take-home salary of a Senior Associate at Mahindra Finance in India typically ranges from ₹61,626 to ₹63,189 per month. This is based on the average salary range of ₹7.1 Lakhs to ₹9.7 Lakhs per year for employees with experience ranging from 4 years to 10 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 Senior Associate in companies similar to Mahindra Finance in India?

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

L&T Finance	₹2.0 Lakhs to ₹10.0 Lakhs per year
LendingKart	₹3.4 Lakhs to ₹7.0 Lakhs per year
PNB Housing Finance	₹4.0 Lakhs to ₹4.5 Lakhs per year
SMFG India Credit	₹3.8 Lakhs to ₹4.4 Lakhs per year
Poonawalla Fincorp	₹3.6 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 Senior Associate at Mahindra Finance in India?

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

Experience	Average Salary Range
4 years	₹3.3 Lakhs to ₹14.7 Lakhs per year
5 years	₹7.6 Lakhs to ₹9.7 Lakhs per year
6 years	₹3.5 Lakhs to ₹15.6 Lakhs per year
7 years	₹8.0 Lakhs to ₹10.2 Lakhs per year

and so on.

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Mahindra Finance Senior Associate Salaries

Mahindra Finance Senior Associate salary in India ranges between ₹7.1 Lakhs to ₹9.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mahindra Finance latest salaries received from various employees of Mahindra Finance.