Marsh India Insurance Brokers Mumbai Associate Vice President Salaries by 4 Employees

7 - 13 years exp.

₹19.3 Lakhs - ₹22.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

38% less than the average Associate Vice President Salary in Insurance Companies for 7 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Vice President Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹18.8 L/yr - ₹21 L/yr
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Finance & Accounting Associate Vice President Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹19.3 L/yr - ₹22.6 L/yr

Last Updated: 17 Mar 2023

Companies similar to Marsh India Insurance Brokers for Associate Vice President in Mumbai

Marsh India Insurance Brokers Associate Vice President Salary

7 - 13 years exp. (4 salaries)

₹19.3 L/yr - ₹22.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Bharti AXA Life Insurance Associate Vice President Salary 8 - 21 years exp. (17 salaries)	₹20 L/yr - ₹34 L/yr 38% more
Aditya Birla Health Insurance Co Associate Vice President Salary 10 - 20 years exp. (17 salaries)	₹25 L/yr - ₹42 L/yr 81% more
Login to view exact salary
Future Generali India Life Insurance Associate Vice President Salary 14 - 23 years exp. (14 salaries)	₹26 L/yr - ₹45.2 L/yr 83% more	1 job opening
Kotak Mahindra General Insurance Associate Vice President Salary 7 - 18 years exp. (11 salaries)	₹8 L/yr - ₹22.5 L/yr 4% less
Liberty General Insurance Associate Vice President Salary 10 - 16 years exp. (8 salaries)	₹21 L/yr - ₹36 L/yr 39% more
Medi Assist India Associate Vice President Salary 11 - 21 years exp. (6 salaries)	₹18 L/yr - ₹43 L/yr 25% more
Aegon Life Insurance Associate Vice President Salary 15 - 18 years exp. (5 salaries)	₹20 L/yr - ₹28 L/yr 14% more
Edelweiss Life Insurance Associate Vice President Salary 8 - 14 years exp. (5 salaries)	₹23.5 L/yr - ₹30 L/yr 26% more
IndiaFirst Life Insurance Associate Vice President Salary 12 - 18 years exp. (3 salaries)	₹21 L/yr - ₹25 L/yr 12% more
Pramerica Life Insurance Associate Vice President Salary 13 - 24 years exp. (3 salaries)	₹25 L/yr - ₹32.5 L/yr 47% more

Associate Vice President salary at Marsh India Insurance Brokers ranges between ₹19.3 Lakhs to ₹22.6 Lakhs per year for employees with experience between 7 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of Marsh India Insurance Brokers.

Experience wise Marsh India Insurance Brokers Associate Vice President salaries in Mumbai

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
8 years (AmbitionBox Estimate)	₹17.8 L/yr - ₹22.7 L/yr
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9 years (AmbitionBox Estimate)	₹17.6 L/yr - ₹22.5 L/yr
10 years (AmbitionBox Estimate)	₹17.4 L/yr - ₹22.3 L/yr
11 years (AmbitionBox Estimate)	₹17.2 L/yr - ₹22 L/yr
12 years (AmbitionBox Estimate)	₹17.1 L/yr - ₹21.8 L/yr
13 years (AmbitionBox Estimate)	₹16.9 L/yr - ₹21.6 L/yr

View all

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Salary related reviews for Marsh India Insurance Brokers

Senior Executive Operations in Chennai

Full Time

Administration & Facilities Department

4.0

• posted on 23 Apr 2022

4.0

for Salary and Benefits

Likes

...bout work what we going to do but more than that we can't able to get knowledge. Marsh is for timely salary which mainly we need and yearly appraisal for either posting or increments, all credits goes to the Management. Nothing you will get delay after resignation also, HR management and operations manager may help you the best. Thanks for the best opportunities I had in Marsh through randstand.

Salary - Good

+5 more

Dislikes

Nothing to share about dislikes

Assistant Vice President in Gurgaon / Gurugram

Marketing & Communication Department

3.0

• posted on 25 Sep 2019

2.0

for Salary and Benefits

Likes

The salary compensation is made unnecessarily complex and vague. You will get 70% of what they commit. Retention will take 50% of your annual bonus, they pay you when they realise from the partners & the mechanism of recovery is poor.

Job security - Good

+2 more

Dislikes

Pay structure Work life balance

Salary - Poor

+1 more

Senior Manager in Mumbai

Full Time

Marketing & Communication Department

4.0

• posted on 18 Feb 2024

4.0

for Salary and Benefits

Likes

It's a nice place to work with a good company culture and balanced work-life.

Salary - Good

+3 more

Dislikes

Growth opportunities are limited in my role and people who are working in Sales or client relationship roles are preferred for promotions.

Process Leader in New Delhi

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 14 Oct 2023

2.0

for Salary and Benefits

Likes

Work life balance. Employee engagement. Flexible working hours. Great infrastructure,

Job security - Excellent

+2 more

Dislikes

Extreme politics at the higher level and disproportionate hierarchical structure, least opportunities for career growth and lesser growth percentage in monetary Benefits.

Salary - Poor

+2 more

Processing Manager in Pune

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 19 Oct 2023

4.0

for Salary and Benefits

Likes

Marsh is a leading broker, and provide good employee benefits, nice work culture, hybrid work style. Good Manegement.

Salary - Good

+6 more

Dislikes

I am working in Marsh last 5yr but the increment & pramotion not done as per my acceptance.

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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Marsh India Insurance Brokers Associate Vice President Salary FAQs

What is the salary of Associate Vice President at Marsh India Insurance Brokers in Mumbai?

The average salary of a Associate Vice President at Marsh India Insurance Brokers in Mumbai typically ranges from ₹19.3 Lakhs to ₹22.6 Lakhs per year, depending on experience (from 7 years to 13 years).

The top 10% of Associate Vice President in Mumbai at Marsh India Insurance Brokers earn more than ₹22.6 Lakhs per year, and the top 1% earn over ₹22.6 Lakhs per year. Associate Vice President Salaries at Marsh India 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 Marsh India Insurance Brokers employees in India.

What is the estimated take home salary of a Associate Vice President at Marsh India Insurance Brokers in Mumbai?

The estimated take-home salary of a Associate Vice President at Marsh India Insurance Brokers in Mumbai typically ranges from ₹1,27,783 to ₹1,32,076 per month. This is based on the average salary range of ₹19.3 Lakhs to ₹22.6 Lakhs per year for employees with experience ranging from 7 years to 13 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 Marsh India Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Marsh India Insurance Brokers for Associate Vice President in India?

Future Generali India Life Insurance	₹26.0 Lakhs to ₹45.2 Lakhs per year
Aditya Birla Health Insurance Co	₹25.0 Lakhs to ₹42.0 Lakhs per year
Pramerica Life Insurance	₹25.0 Lakhs to ₹32.5 Lakhs per year
Liberty General Insurance	₹21.0 Lakhs to ₹36.0 Lakhs per year
Bharti AXA Life Insurance	₹20.0 Lakhs to ₹34.0 Lakhs per year

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

What is the salary of a Associate Vice President in companies similar to Marsh India Insurance Brokers in Mumbai?

The salary of a Associate Vice President at companies similar to Marsh India Insurance Brokers in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Edelweiss Life Insurance	₹23.5 Lakhs to ₹30.0 Lakhs per year
Medi Assist India	₹18.0 Lakhs to ₹43.0 Lakhs per year
Aegon Life Insurance	₹20.0 Lakhs to ₹28.0 Lakhs per year
IndiaFirst Life Insurance	₹21.0 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindra General Insurance	₹8.0 Lakhs to ₹22.5 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 Associate Vice President at Marsh India Insurance Brokers in Mumbai?

The salary growth for a Associate Vice President at Marsh India Insurance Brokers in Mumbai depends on factors such as experience, performance, and promotions. On average, a Associate Vice President in Mumbai can expect the following growth trajectory at Marsh India Insurance Brokers:

Experience	Average Salary Range
7 years	₹18.0 Lakhs to ₹23.0 Lakhs per year
8 years	₹17.8 Lakhs to ₹22.7 Lakhs per year
9 years	₹17.6 Lakhs to ₹22.5 Lakhs per year
10 years	₹17.4 Lakhs to ₹22.3 Lakhs per year

and so on.

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Marsh India Insurance Brokers Associate Vice President Salaries in Mumbai

Marsh India Insurance Brokers Associate Vice President salary in Mumbai ranges between ₹19.3 Lakhs to ₹22.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Marsh India Insurance Brokers latest salaries received from various employees of Marsh India Insurance Brokers.