Mahindra Finance Team Manager Salaries by 5 Employees

0 - 14 years exp.

₹4.7 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

52% less than the average Team Manager Salary in NBFC Companies for 0 - 14 years of experience

Interested in this particular role?

Last Updated: 16 Nov 2024

Companies similar to Mahindra Finance for Team Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Team Manager Salary 0 - 6 years exp. (9 salaries)	₹2 L/yr - ₹8.6 L/yr 41% less
HDFC Bank Team Manager Salary 5 - 13 years exp. (334 salaries)	₹3.8 L/yr - ₹14.4 L/yr 20% more
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Shriram Finance Team Manager Salary 1 - 6 years exp. (4 salaries)	₹2.9 L/yr - ₹4.7 L/yr 49% less
L&T Finance Team Manager Salary 1 - 17 years exp. (168 salaries)	₹11.9 L/yr - ₹36 L/yr 221% more
Cholamandalam Investment & Finance Team Manager Salary 0 - 4 years exp. (4 salaries)	₹3.7 L/yr - ₹4 L/yr 49% less
Muthoot Finance Team Manager Salary 5 - 8 years exp. (3 salaries)	₹3.1 L/yr - ₹6 L/yr 43% less
Aditya Birla Capital Team Manager Salary 1 - 8 years exp. (11 salaries)	₹6.7 L/yr - ₹21.6 L/yr 94% more
Reliance Capital Team Manager Salary 3 - 14 years exp. (4 salaries)	₹2.3 L/yr - ₹15.5 L/yr At par
Edelweiss Team Manager Salary 0 - 8 years exp. (7 salaries)	₹7.5 L/yr - ₹20 L/yr 62% more
Sammaan Capital Limited Team Manager Salary 2 - 9 years exp. (6 salaries)	₹8.4 L/yr - ₹10.7 L/yr 30% more
HDB Financial Services Team Manager Salary 4 - 15 years exp. (86 salaries)	₹3.2 L/yr - ₹8 L/yr 27% less
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IIFL Finance Team Manager Salary 3 - 13 years exp. (23 salaries)	₹4 L/yr - ₹9 L/yr 5% less
PNB Housing Finance Team Manager Salary 4 - 10 years exp. (22 salaries)	₹3.2 L/yr - ₹5 L/yr 40% less
SMFG India Credit Team Manager Salary 1 - 18 years exp. (12 salaries)	₹3.5 L/yr - ₹12.7 L/yr 16% more
Bharat Financial Inclusion Team Manager Salary 4 - 10 years exp. (6 salaries)	₹2.5 L/yr - ₹6.3 L/yr 36% less
Kotak Mahindra Prime Team Manager Salary 1 - 12 years exp. (6 salaries)	₹2.5 L/yr - ₹4.8 L/yr 55% less
Poonawalla Fincorp Team Manager Salary 1 - 18 years exp. (5 salaries)	₹10 L/yr - ₹21.5 L/yr 94% more	2 job openings
TVS Credit Team Manager Salary 1 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹5.5 L/yr 35% less
SK Finance Limited Team Manager Salary 0 - 18 years exp. (4 salaries)	₹3 L/yr - ₹7 L/yr 40% less
Manappuram Finance Team Manager Salary 3 - 7 years exp. (3 salaries)	₹4 L/yr - ₹9.5 L/yr 32% less

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Team Manager salary at Mahindra Finance ranges between ₹4.7 Lakhs to ₹10 Lakhs per year for employees with less than 1 year of experience to 14 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Team Manager salaries

Last Updated: 16 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.4 L/yr - ₹10 L/yr
1 year (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.5 L/yr
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2 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
3 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
4 years (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr
5 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
6 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
7 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
8 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
9 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr
10 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹9 L/yr
11 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹12.1 L/yr
12 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
13 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹11.5 L/yr
14 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹11.2 L/yr

View all

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Operations Manager Salary

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₹1.3 L/yr - ₹8.22 L/yr

Salary related reviews for Mahindra Finance

4.2

Rated by 6 employees for salary & benefits

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.

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

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..

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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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Mahindra Finance Team Manager Salary FAQs

What is the salary of Team Manager at Mahindra Finance ?

The average salary of a Team Manager at Mahindra Finance in India typically ranges from ₹4.7 Lakhs to ₹10.0 Lakhs per year, depending on experience (from Fresher to 14 years).

The top 10% of Team Manager at Mahindra Finance earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Team 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 Team Manager at Mahindra Finance in India?

The estimated take-home salary of a Team Manager at Mahindra Finance in India typically ranges from ₹54,647 to ₹56,012 per month. This is based on the average salary range of ₹4.7 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from Fresher 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 5 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 Team Manager in India?

L&T Finance	₹11.9 Lakhs to ₹36.0 Lakhs per year
Capri Global Capital	₹16.0 Lakhs to ₹25.0 Lakhs per year
Poonawalla Fincorp	₹10.0 Lakhs to ₹21.5 Lakhs per year
Aditya Birla Capital	₹6.7 Lakhs to ₹21.6 Lakhs per year
Edelweiss	₹7.5 Lakhs to ₹20.0 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 Team Manager in companies similar to Mahindra Finance in India?

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

Sammaan Capital Limited	₹8.4 Lakhs to ₹10.7 Lakhs per year
HDFC Bank	₹3.8 Lakhs to ₹14.4 Lakhs per year
SMFG India Credit	₹3.5 Lakhs to ₹12.7 Lakhs per year
Reliance Capital	₹2.3 Lakhs to ₹15.5 Lakhs per year
IIFL Finance	₹4.0 Lakhs to ₹9.0 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 Team Manager at Mahindra Finance in India?

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

Experience	Average Salary Range
Fresher	₹3.4 Lakhs to ₹10.0 Lakhs per year
1 year	₹7.4 Lakhs to ₹9.5 Lakhs per year
2 years	₹7.3 Lakhs to ₹9.3 Lakhs per year
3 years	₹7.2 Lakhs to ₹9.2 Lakhs per year

and so on.

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Mahindra Finance Team Manager Salaries

Mahindra Finance Team Manager salary in India ranges between ₹4.7 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mahindra Finance latest salaries received from various employees of Mahindra Finance.