Mahindra Finance Senior Manager Salaries by 80+ Employees (Updated 2025)

4 - 14 years exp.

₹7.8 Lakhs - ₹24.4 Lakhs

Salary of majority employees

Fixed (93%)

₹13.1 Lakhs

Variable (7%)

₹1.0 Lakh

35% less than the average Senior Manager Salary in NBFC Companies for 4 - 14 years of experience

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Salaries in different departments

Finance & Accounting Senior Manager Salary 6 - 14 years exp. (11 salaries)	₹7.8 L/yr - ₹12.2 L/yr
Marketing & Communication Senior Manager Salary 4 - 14 years exp. (10 salaries)	₹9 L/yr - ₹26.7 L/yr
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Product Management Senior Manager Salary 4 - 10 years exp. (6 salaries)	₹14 L/yr - ₹25.8 L/yr
IT & Information Security Senior Manager Salary 8 - 13 years exp. (5 salaries)	₹11 L/yr - ₹27.5 L/yr
Sales & Business Development Senior Manager Salary 4 - 10 years exp. (5 salaries)	₹10.6 L/yr - ₹13.5 L/yr

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Last Updated: 14 Mar 2025

Companies similar to Mahindra Finance for Senior Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Manager Salary 3 - 21 years exp. (6.3k salaries)	₹8 L/yr - ₹25 L/yr 9% more
Global Wings Abudhabi Senior Manager Salary 2 - 25 years exp. (14 salaries)	₹10.4 L/yr - ₹29.2 L/yr 40% more
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ICICI Bank Senior Manager Salary 1 - 20 years exp. (1.8k salaries)	₹8.5 L/yr - ₹28 L/yr 21% more
Axis Bank Senior Manager Salary 2 - 21 years exp. (5.2k salaries)	₹8 L/yr - ₹24.1 L/yr 15% more	2 job openings
Bajaj Finance Senior Manager Salary 4 - 12 years exp. (141 salaries)	₹7.5 L/yr - ₹28 L/yr 11% more	9 job openings
Kotak Mahindra Bank Senior Manager Salary 2 - 19 years exp. (3.5k salaries)	₹6.5 L/yr - ₹19 L/yr 12% less
L&T Finance Senior Manager Salary 2 - 11 years exp. (371 salaries)	₹8 L/yr - ₹26 L/yr 22% more
SMFG India Credit Senior Manager Salary 6 - 16 years exp. (212 salaries)	₹8.9 L/yr - ₹31 L/yr 39% more
Edelweiss Senior Manager Salary 7 - 17 years exp. (196 salaries)	₹7 L/yr - ₹21 L/yr 3% less
Manappuram Finance Senior Manager Salary 0 - 13 years exp. (180 salaries)	₹3.2 L/yr - ₹12 L/yr 52% less
IIFL Finance Senior Manager Salary 1 - 13 years exp. (119 salaries)	₹3.5 L/yr - ₹14 L/yr 38% less
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Aditya Birla Capital Senior Manager Salary 2 - 13 years exp. (105 salaries)	₹4.5 L/yr - ₹19.2 L/yr 24% less
Poonawalla Fincorp Senior Manager Salary 5 - 19 years exp. (90 salaries)	₹10 L/yr - ₹23.1 L/yr 17% more
HDB Financial Services Senior Manager Salary 0 - 15 years exp. (68 salaries)	₹2.7 L/yr - ₹11.9 L/yr 49% less
TVS Credit Senior Manager Salary 4 - 17 years exp. (70 salaries)	₹6.6 L/yr - ₹22.6 L/yr 15% more	1 job opening
Sammaan Capital Limited Senior Manager Salary 5 - 17 years exp. (73 salaries)	₹6.6 L/yr - ₹17 L/yr 22% less
Kotak Mahindra Prime Senior Manager Salary 3 - 14 years exp. (73 salaries)	₹6.2 L/yr - ₹15 L/yr 17% less
Shriram Finance Senior Manager Salary 4 - 16 years exp. (71 salaries)	₹3.5 L/yr - ₹15.7 L/yr 38% less	2 job openings
PNB Housing Finance Senior Manager Salary 5 - 16 years exp. (56 salaries)	₹9.5 L/yr - ₹25 L/yr 16% more
Cholamandalam Investment & Finance Senior Manager Salary 3 - 14 years exp. (57 salaries)	₹4.6 L/yr - ₹13.1 L/yr 21% less

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Senior Manager salary at Mahindra Finance ranges between ₹7.8 Lakhs to ₹24.4 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 84 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Senior Manager salaries

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
4 years (7 salaries)	₹11.5 L/yr - ₹24.1 L/yr
5 years (5 salaries)	₹10.5 L/yr - ₹23.9 L/yr
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6 years (11 salaries)	₹9 L/yr - ₹24.6 L/yr
7 years (10 salaries)	₹11.3 L/yr - ₹24.9 L/yr
8 years (14 salaries)	₹10 L/yr - ₹21.6 L/yr
9 years (4 salaries)	₹10.6 L/yr - ₹25.4 L/yr
10 years (5 salaries)	₹10.6 L/yr - ₹23 L/yr
11 years (4 salaries)	₹10.4 L/yr - ₹22 L/yr
12 years (8 salaries)	₹9 L/yr - ₹26.3 L/yr
13 years (9 salaries)	₹7.8 L/yr - ₹26.5 L/yr
14 years (7 salaries)	₹8.3 L/yr - ₹24.5 L/yr

View all

Similar Designation salaries in Mahindra Finance

Store Manager Salary

(3 salaries)

₹5 L/yr - ₹26.5 L/yr

Regional Manager Salary

(27 salaries)

₹7.02 L/yr - ₹30 L/yr

Deputy Manager Salary

(317 salaries)

₹4 L/yr - ₹12 L/yr

Territory Manager Salary

(12 salaries)

₹5 L/yr - ₹10.25 L/yr

Sales Manager Salary

(108 salaries)

₹2.35 L/yr - ₹9 L/yr

Senior Sales Manager Salary

(6 salaries)

₹7.5 L/yr - ₹10.5 L/yr

Branch Manager Salary

(167 salaries)

₹1.85 L/yr - ₹9 L/yr

Area Manager Salary

(95 salaries)

₹3.07 L/yr - ₹14 L/yr

Marketing Manager Salary

(9 salaries)

₹12 L/yr - ₹17 L/yr

Business Manager Salary

(21 salaries)

₹2.5 L/yr - ₹10.75 L/yr

Top skills at Mahindra Finance for Senior Manager

Operations Management Rewards Stakeholder Management Customer Focus Compliance

Salary related reviews for Mahindra Finance

3.5

Rated by 26 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

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.

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

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.

Area Business Manager in Lucknow

Full Time

Sales & Business Development Department

3.0

• posted on 27 Jan 2024

4.0

for Salary and Benefits

Likes

Job security Not much of work load Salary and incentives are good

Salary - Good

+1 more

Dislikes

Lots of work pressure Unrealistic targets and undue pressure to achieve Partiality to get growth Partiality from top management for growth in position Uneducated and incapable top management are placed and they put undue pressure to down the line staff Top management puts entire workload on Staff even daily reports are to be prepared by someone in team

Skill development - Poor

+3 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 Manager Salary FAQs

What is the salary of Senior Manager at Mahindra Finance ?

The average salary of a Senior Manager at Mahindra Finance in India typically ranges from ₹7.8 Lakhs to ₹24.4 Lakhs per year, depending on experience (from 4 years to 14 years).

The top 10% of Senior Manager at Mahindra Finance earn more than ₹26.1 Lakhs per year, and the top 1% earn over ₹29.4 Lakhs per year. Senior 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 80+ Mahindra Finance employees in India.

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

The estimated take-home salary of a Senior Manager at Mahindra Finance in India typically ranges from ₹98,485 to ₹1,01,158 per month. This is based on the average salary range of ₹7.8 Lakhs to ₹24.4 Lakhs per year for employees with experience ranging from 4 years to 14 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 80+ salaries received from various employees of Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Senior Manager at Mahindra Finance ?

To be a Senior Manager at Mahindra Finance in india, the key skills required include:

- Operations Management
- Rewards
- Stakeholder Management
- Customer Focus
- Compliance

These skills are highly valued at Mahindra Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Mahindra Finance for Senior Manager in India?

Global Wings Abudhabi	₹10.4 Lakhs to ₹29.2 Lakhs per year
SMFG India Credit	₹8.9 Lakhs to ₹31.0 Lakhs per year
Spandana Sphoorty Financial	₹8.4 Lakhs to ₹26.0 Lakhs per year
L&T Finance	₹8.0 Lakhs to ₹26.0 Lakhs per year
ICICI Bank	₹8.5 Lakhs to ₹28.0 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 Senior Manager in companies similar to Mahindra Finance in India?

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

Capri Global Capital	₹9.3 Lakhs to ₹28.5 Lakhs per year
Poonawalla Fincorp	₹10.0 Lakhs to ₹23.1 Lakhs per year
Tata Capital Housing Finance	₹10.0 Lakhs to ₹25.0 Lakhs per year
PNB Housing Finance	₹9.5 Lakhs to ₹25.0 Lakhs per year
TVS Credit	₹6.6 Lakhs to ₹22.6 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 Manager at Mahindra Finance in India?

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

Experience	Average Salary Range
4 years	₹11.5 Lakhs to ₹24.1 Lakhs per year
5 years	₹10.5 Lakhs to ₹23.9 Lakhs per year
6 years	₹9.0 Lakhs to ₹24.6 Lakhs per year
7 years	₹11.3 Lakhs to ₹24.9 Lakhs per year

and so on.

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Mahindra Finance Senior Manager Salaries

Mahindra Finance Senior Manager salary in India ranges between ₹7.8 Lakhs to ₹24.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 84 Mahindra Finance latest salaries received from various employees of Mahindra Finance.