Marsh India Insurance Brokers Management Trainee Salaries by 10+ Employees

0 - 2 years exp.

₹8 Lakhs - ₹13 Lakhs

Avg. annual salary

Monthly In-hand Salary

50% more than the average Management Trainee Salary in Insurance Companies for 0 - 2 years of experience

Interested in this particular role?

Last Updated: 31 Aug 2024

Companies similar to Marsh India Insurance Brokers for Management Trainee

Company name	Avg Annual Salary	Open Jobs
Shriram General Insurance Management Trainee Salary 0 - 2 years exp. (25 salaries)	₹2.6 L/yr - ₹6.8 L/yr 55% less
Axa XL Management Trainee Salary 0 - 4 years exp. (23 salaries)	₹8.2 L/yr - ₹12 L/yr 1% more
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Cholamandalam MS General Insurance Management Trainee Salary 0 - 2 years exp. (17 salaries)	₹3.5 L/yr - ₹8 L/yr 53% less
Marsh Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹9.5 L/yr - ₹17 L/yr 11% more
Bharti AXA Life Insurance Management Trainee Salary 0 - 1 year exp. (14 salaries)	₹0.6 L/yr - ₹6 L/yr 57% less
Kotak Mahindra General Insurance Management Trainee Salary 0 - 2 years exp. (12 salaries)	₹3 L/yr - ₹4 L/yr 69% less
Mahindra Insurance Brokers Management Trainee Salary 0 - 1 year exp. (12 salaries)	₹14 L/yr - ₹15 L/yr 29% more
Aditya Birla Health Insurance Co Management Trainee Salary 0 - 1 year exp. (10 salaries)	₹3 L/yr - ₹12 L/yr 30% less
Liberty General Insurance Management Trainee Salary 0 - 1 year exp. (10 salaries)	₹5 L/yr - ₹10.5 L/yr 27% less
Future Generali India Life Insurance Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹3.4 L/yr - ₹9.9 L/yr 35% less
Edelweiss Life Insurance Management Trainee Salary 0 - 1 year exp. (7 salaries)	₹4.5 L/yr - ₹13 L/yr 15% less
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Universal Sompo General Insurance Management Trainee Salary Fresher (6 salaries)	₹3.5 L/yr - ₹7 L/yr 57% less
IndiaFirst Life Insurance Management Trainee Salary 0 - 4 years exp. (5 salaries)	₹10 L/yr - ₹15 L/yr 12% more
Vidal Health Tpa Management Trainee Salary 0 - 1 year exp. (4 salaries)	₹5 L/yr - ₹6.3 L/yr 47% less
AXA Business Services Management Trainee Salary 2 - 5 years exp. (4 salaries)	₹8 L/yr - ₹8.4 L/yr 25% less
Pramerica Life Insurance Management Trainee Salary 0 - 3 years exp. (4 salaries)	₹8 L/yr - ₹14 L/yr 1% less
CignaTTk Health Insurance Management Trainee Salary 0 - 2 years exp. (3 salaries)	₹3 L/yr - ₹9 L/yr 55% less
Medi Assist India Management Trainee Salary 0 - 14 years exp. (3 salaries)	₹3.5 L/yr - ₹9.5 L/yr 33% less

Management Trainee salary at Marsh India Insurance Brokers ranges between ₹8 Lakhs to ₹13 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 16 latest salaries received from various employees of Marsh India Insurance Brokers.

Experience wise Marsh India Insurance Brokers Management Trainee salaries

Last Updated: 31 Aug 2024

Experience	Avg Annual Salary
Fresher (14 salaries)	₹8 L/yr - ₹13 L/yr
1 year (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr
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2 years (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

From

Management Trainee

0 - 2 years exp.

Assistant Manager

1 - 10 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Marsh India Insurance Brokers

Finance Executive Salary

(4 salaries)

₹2.7 L/yr - ₹4.4 L/yr

Accountant Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Team Lead Salary

(4 salaries)

₹6 L/yr - ₹12 L/yr

Financial Analyst Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Analyst Salary

(3 salaries)

₹3 L/yr - ₹11 L/yr

Senior Associate Salary

(15 salaries)

₹2.9 L/yr - ₹7.5 L/yr

Process Associate Salary

(22 salaries)

₹3 L/yr - ₹5.52 L/yr

Senior Analyst Salary

(3 salaries)

₹3.3 L/yr - ₹11.8 L/yr

Deputy Manager Salary

(3 salaries)

₹8.5 L/yr - ₹11 L/yr

Process Developer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Salary related reviews for Marsh India Insurance Brokers

4.0

Rated by 1 employees for salary & benefits

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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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 Management Trainee Salary FAQs

What is the salary of Management Trainee at Marsh India Insurance Brokers ?

The average salary of a Management Trainee at Marsh India Insurance Brokers in India typically ranges from ₹8.0 Lakhs to ₹13.0 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Management Trainee at Marsh India Insurance Brokers earn more than ₹12.5 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Management Trainee 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 10+ Marsh India Insurance Brokers employees in India.

What is the estimated take home salary of a Management Trainee at Marsh India Insurance Brokers in India?

The estimated take-home salary of a Management Trainee at Marsh India Insurance Brokers in India typically ranges from ₹78,687 to ₹80,733 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from Fresher to 2 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 10+ 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 Management Trainee in India?

Mahindra Insurance Brokers	₹14.0 Lakhs to ₹15.0 Lakhs per year
IndiaFirst Life Insurance	₹10.0 Lakhs to ₹15.0 Lakhs per year
Marsh	₹9.5 Lakhs to ₹17.0 Lakhs per year
Axa XL	₹8.2 Lakhs to ₹12.0 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 Management Trainee in companies similar to Marsh India Insurance Brokers in India?

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

Pramerica Life Insurance	₹8.0 Lakhs to ₹14.0 Lakhs per year
Edelweiss Life Insurance	₹4.5 Lakhs to ₹13.0 Lakhs per year
AXA Business Services	₹8.0 Lakhs to ₹8.4 Lakhs per year
Liberty General Insurance	₹5.0 Lakhs to ₹10.5 Lakhs per year
Aditya Birla Health Insurance Co	₹3.0 Lakhs to ₹12.0 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 Management Trainee at Marsh India Insurance Brokers in India?

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

Experience	Average Salary Range
Fresher	₹8.0 Lakhs to ₹13.0 Lakhs per year
1 year	₹9.9 Lakhs to ₹12.6 Lakhs per year
2 years	₹9.0 Lakhs to ₹11.0 Lakhs per year

and so on.

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Marsh India Insurance Brokers Management Trainee Salaries

Marsh India Insurance Brokers Management Trainee salary in India ranges between ₹8 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Marsh India Insurance Brokers latest salaries received from various employees of Marsh India Insurance Brokers.