Mahindra Insurance Brokers Dhanbad Area Manager Salaries by 4 Employees

11 - 14 years exp.

₹4 Lakhs - ₹5 Lakhs

Avg. annual salary

Monthly In-hand Salary

55% less than the average Area Manager Salary in Insurance Companies for 11 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Manager Salary 11 - 13 years exp. (3 salaries)	₹4 L/yr - ₹5 L/yr
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Sales & Business Development Area Manager Salary 14 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.3 L/yr

Last Updated: 16 Jun 2024

Companies similar to Mahindra Insurance Brokers for Area Manager in Dhanbad

Mahindra Insurance Brokers Area Manager Salary

11 - 14 years exp. (4 salaries)

₹4 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata Steel Area Manager Salary 5 - 13 years exp. (4 salaries)	₹21.3 L/yr - ₹36 L/yr 378% more
LEAD School Area Manager Salary 4 - 12 years exp. (4 salaries)	₹7 L/yr - ₹11.3 L/yr 111% more
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Svatantra Microfin Area Manager Salary 6 - 9 years exp. (3 salaries)	₹4 L/yr - ₹6.3 L/yr 16% more	1 job opening
Nokia Area Manager Salary 6 - 9 years exp. (3 salaries)	₹3.3 L/yr - ₹12 L/yr 65% more
Tata AIG Area Manager Salary 9 - 12 years exp. (3 salaries)	₹8.5 L/yr - ₹9.7 L/yr 92% more

Area Manager salary at Mahindra Insurance Brokers ranges between ₹4 Lakhs to ₹5 Lakhs per year for employees with experience between 11 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Area Manager salaries in Dhanbad

Last Updated: 16 Jun 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.7 L/yr
12 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
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13 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
14 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr

Top skills at Mahindra Insurance Brokers for Area Manager

Area Sales Management Retail Sales Management

Salary related reviews for Mahindra Insurance Brokers

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3.0

• posted on 15 Jan 2025

2.0

for Salary and Benefits

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Mid level managers are not supported to grow ground team in terms appraisal promotions to management,work balance also not manageable.

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Salary hike not up to the mark if achieve annual target 100% and more than ,variables policy announced very late after completing 100%

Salary - Poor

+2 more

Senior Application Support Engineer in Mumbai

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4.0

• posted on 28 Jul 2023

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Activity going on weekend (every Friday) Supporting people and management. Good environment to work Birthday celebration all together with team.

Salary - Good

+4 more

Dislikes

...mething new or promotion is not good in our field As per my personal experience. Salary hike appraisal delayed this year. Work load is not managed properly.

Deputy Area Manager in Hazaribag

Full Time

Sales & Business Development Department

5.0

• posted on 25 Jun 2022

5.0

for Salary and Benefits

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...ve teammates are supportive. Management is transparent ,company policy are good.job security, appraisal are fair and they give good salary hike.

Salary - Excellent

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Verticalisation ,politics salary is good but career growth is slow,

Senior Territory Manager in Coimbatore

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BFSI, Investments & Trading Department

2.0

• posted on 29 May 2021

1.0

for Salary and Benefits

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... Assist, Wedding Bonus, New born baby gift, Medical assist, Birthday gift etc. Main Part - Salary slab was very worst and no increment, Executives stay 5 + year experience but salary at end they only out for 230000PA and starts with 180000 PA which is terrible and all work for salary that is not get what we work. Incentive was not given proper time as per time line eg: Quarterly plan, they provide incentive after 6months of that quarter and they not provide calculation for that incentive what we received

Salary - Bad

+6 more

Senior Business Development Executive in Bhubaneswar

BFSI, Investments & Trading Department

4.0

• posted on 12 May 2018

3.0

for Salary and Benefits

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There is a friendly atmosphere to work here,we have maintain a good work life balance here and the most important thing is we have more job security here.

Skill development - Good

+4 more

Dislikes

Here the salary and remuneration is not good as compared of other industry.

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Mahindra Insurance Brokers Area Manager Salary FAQs

What is the salary of Area Manager at Mahindra Insurance Brokers in Dhanbad?

The average salary of a Area Manager at Mahindra Insurance Brokers in Dhanbad typically ranges from ₹4.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 11 years to 14 years).

The top 10% of Area Manager in Dhanbad at Mahindra Insurance Brokers earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Area Manager Salaries at Mahindra Insurance Brokers 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 Insurance Brokers employees in India.

What is the estimated take home salary of a Area Manager at Mahindra Insurance Brokers in Dhanbad?

The estimated take-home salary of a Area Manager at Mahindra Insurance Brokers in Dhanbad typically ranges from ₹36,618 to ₹37,834 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 11 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 4 salaries received from various employees of Mahindra Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Manager at Mahindra Insurance Brokers in Dhanbad?

To be a Area Manager at Mahindra Insurance Brokers in Dhanbad, the key skills required include:

- Area Sales Management
- Retail Sales Management

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

Which companies offer higher salaries than Mahindra Insurance Brokers for Area Manager in India?

Tata Steel	₹21.3 Lakhs to ₹36.0 Lakhs per year
LEAD School	₹7.0 Lakhs to ₹11.3 Lakhs per year
Tata AIG	₹8.5 Lakhs to ₹9.7 Lakhs per year
Nokia	₹3.3 Lakhs to ₹12.0 Lakhs per year
Svatantra Microfin	₹4.0 Lakhs to ₹6.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Insurance Brokers, depending on the role and experience level.

How the salary growth look like for a Area Manager at Mahindra Insurance Brokers in Dhanbad?

The salary growth for a Area Manager at Mahindra Insurance Brokers in Dhanbad depends on factors such as experience, performance, and promotions. On average, a Area Manager in Dhanbad can expect the following growth trajectory at Mahindra Insurance Brokers:

Experience	Average Salary Range
11 years	₹4.4 Lakhs to ₹5.7 Lakhs per year
12 years	₹4.5 Lakhs to ₹5.7 Lakhs per year
13 years	₹4.5 Lakhs to ₹5.8 Lakhs per year
14 years	₹4.6 Lakhs to ₹5.9 Lakhs per year

and so on.

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Mahindra Insurance Brokers Area Manager Salaries in Dhanbad

Mahindra Insurance Brokers Area Manager salary in Dhanbad ranges between ₹4 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.