Mahindra Finance State Head Salaries by 6 Employees (Updated 2024)

14 - 23 years exp.

₹14 Lakhs - ₹24 Lakhs

Low Confidence

Salary of majority employees

At par with the average State Head Salary in NBFC Companies for 14 - 23 years of experience

Interested in this particular role? 1 job opening

Last Updated: 15 Mar 2023

Companies similar to Mahindra Finance for State Head

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance State Head Salary 12 - 14 years exp. (5 salaries)	₹16.6 L/yr - ₹23.5 L/yr 28% more
HDFC Bank State Head Salary 10 - 18 years exp. (22 salaries)	₹9 L/yr - ₹32 L/yr 22% more
Login to view exact salary
Shriram Finance State Head Salary 12 - 23 years exp. (8 salaries)	₹13 L/yr - ₹22.2 L/yr 27% more
L&T Finance State Head Salary 9 - 21 years exp. (4 salaries)	₹8.5 L/yr - ₹25 L/yr 20% more
Cholamandalam Investment & Finance State Head Salary 10 - 18 years exp. (8 salaries)	₹13 L/yr - ₹25 L/yr 41% more
Muthoot Finance State Head Salary 15 - 20 years exp. (6 salaries)	₹12 L/yr - ₹20 L/yr 11% more
Aditya Birla Capital State Head Salary 9 - 12 years exp. (4 salaries)	₹6 L/yr - ₹19 L/yr 23% less
Edelweiss State Head Salary 15 - 17 years exp. (4 salaries)	₹10.3 L/yr - ₹13 L/yr 21% less
Sammaan Capital Limited State Head Salary 9 - 20 years exp. (3 salaries)	₹10 L/yr - ₹26 L/yr 3% more
SMFG India Credit State Head Salary 12 - 22 years exp. (20 salaries)	₹11.5 L/yr - ₹28 L/yr 21% more
Poonawalla Fincorp State Head Salary 10 - 19 years exp. (16 salaries)	₹8.1 L/yr - ₹15.2 L/yr 12% less
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Muthoot Fincorp State Head Salary 12 - 19 years exp. (8 salaries)	₹10.4 L/yr - ₹20.5 L/yr 5% more
IIFL Finance State Head Salary 7 - 13 years exp. (5 salaries)	₹12 L/yr - ₹13.2 L/yr 13% less
Bharat Financial Inclusion State Head Salary 10 - 18 years exp. (7 salaries)	₹10.2 L/yr - ₹26.9 L/yr 22% more
TVS Credit State Head Salary 7 - 21 years exp. (6 salaries)	₹9 L/yr - ₹16.3 L/yr 25% less
IDFC FIRST Bharat State Head Salary 8 - 18 years exp. (7 salaries)	₹9 L/yr - ₹17.3 L/yr 14% less
Mahindra Rural Housing Finance State Head Salary 10 - 22 years exp. (6 salaries)	₹11 L/yr - ₹23 L/yr 32% more
LendingKart State Head Salary 8 - 15 years exp. (5 salaries)	₹11 L/yr - ₹14.5 L/yr 17% less
Manappuram Finance State Head Salary 15 - 20 years exp. (5 salaries)	₹12.9 L/yr - ₹15 L/yr 14% less
CreditAccess Grameen State Head Salary 13 - 16 years exp. (5 salaries)	₹19.5 L/yr - ₹31 L/yr 58% more

View all

State Head salary at Mahindra Finance ranges between ₹14 Lakhs to ₹24 Lakhs per year for employees with experience between 14 years to 23 years. Salary estimates are based on 6 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance State Head salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹14 L/yr - ₹26.7 L/yr
Login to view exact salary
15+ years (5 salaries)	₹14 L/yr - ₹24 L/yr

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Top skills at Mahindra Finance for State Head

Relationship Management Team Handling liabilities private banking Fixed Deposits Sales Management hni HNI Client Handling Mutual Funds HNI Sales Investment Products Wealth Management priority banking

Salary related reviews for Mahindra Finance

3.7

Rated by 3 employees for salary & benefits

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

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

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.

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

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

Area Business Manager in Pondicherry / Puducherry

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 09 May 2021

5.0

for Salary and Benefits

Likes

The company is good company where you can learn about business and collection. Employees are friendly and you will get good salary and hike. Only problem is work life balance which you can't handle well when you work in MMFSL

Dislikes

Work life balance

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.

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a technical project manager

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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 State Head Salary FAQs

What is the salary of State Head at Mahindra Finance?

State Head salary at Mahindra Finance in India ranges between ₹14.0 Lakhs to ₹24.0 Lakhs for experience between 14 years to 23 years. According to our estimates it is 3% less than the average State Head Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a State Head at Mahindra Finance India compare with the average salary range for this job?

The average salary of a State Head at Mahindra Finance is 3% less than the average salary of a State Head in India. To know exact salary insights, login to view.

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

Relationship Management, Team Handling, liabilities, private banking and Fixed Deposits are some of the popular skills required to work as a State Head at Mahindra Finance India.

Which similar companies are paying more than Mahindra Finance to a State Head in India?

Spandana Sphoorty Financial State Head Salary - ₹25.0 Lakhs to ₹30.0 Lakhs per year
CreditAccess Grameen State Head Salary - ₹19.5 Lakhs to ₹31.0 Lakhs per year
Cholamandalam Investment & Finance State Head Salary - ₹13.0 Lakhs to ₹25.0 Lakhs per year
Mahindra Rural Housing Finance State Head Salary - ₹11.0 Lakhs to ₹23.0 Lakhs per year
PNB Housing Finance State Head Salary - ₹16.0 Lakhs to ₹24.0 Lakhs per year

What is the salary of a State Head in companies similar to Mahindra Finance in India?

Bajaj Finance State Head Salary - ₹16.6 Lakhs to ₹23.5 Lakhs per year
Shriram Finance State Head Salary - ₹13.0 Lakhs to ₹22.2 Lakhs per year
Bharat Financial Inclusion State Head Salary - ₹10.2 Lakhs to ₹26.9 Lakhs per year
HDFC Bank State Head Salary - ₹9.0 Lakhs to ₹32.0 Lakhs per year
SMFG India Credit State Head Salary - ₹11.5 Lakhs to ₹28.0 Lakhs per year

What is the estimated take home salary of a State Head at Mahindra Finance in India?

The estimated take-home salary of a State Head at Mahindra Finance ranges between ₹1,04,608 per month to ₹1,07,479 per month in India. The take-home salary calculation is based on the average Mahindra Finance State Head salary in India which ranges between ₹14.0 Lakhs to ₹24.0 Lakhs per year for employees with experience between 14 years to 23 years. Check how did we calculate take home salary?

What is the notice period for State Head at Mahindra Finance?

According to AmbitionBox, 71% of the Mahindra Finance State Heads reported a notice period of 3 Months, 15% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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Mahindra Finance State Head Salaries

Mahindra Finance State Head salary in India ranges between ₹14 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Mahindra Finance latest salaries received from various employees of Mahindra Finance.