Marsh India Insurance Brokers Mumbai Senior Associate Salaries by 10+ Employees (Updated 2025)

2 - 7 years exp.

₹2.9 Lakhs - ₹7.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

62% less than the average Senior Associate Salary in Insurance Companies for 2 - 7 years of experience

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Salaries in different departments

Customer Success, Service & Operations Senior Associate Salary 6 - 7 years exp. (5 salaries)	₹4.3 L/yr - ₹7.5 L/yr
Finance & Accounting Senior Associate Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹5.5 L/yr
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Consulting Senior Associate Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.5 L/yr

Last Updated: 21 Feb 2025

Companies similar to Marsh India Insurance Brokers for Senior Associate in Mumbai

Marsh India Insurance Brokers Senior Associate Salary

2 - 7 years exp. (11 salaries)

₹2.9 L/yr - ₹7.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Ageas Federal Life Insurance Senior Associate Salary 0 - 8 years exp. (12 salaries)	₹3.1 L/yr - ₹7 L/yr 12% more
Future Generali India Life Insurance Senior Associate Salary 4 - 12 years exp. (8 salaries)	₹3.6 L/yr - ₹5.5 L/yr 19% more
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Bharti AXA Life Insurance Senior Associate Salary 1 - 8 years exp. (6 salaries)	₹3.5 L/yr - ₹4 L/yr 6% less
Marsh Senior Associate Salary 2 - 5 years exp. (4 salaries)	₹4.1 L/yr - ₹4.6 L/yr 3% more
Aditya Birla Health Insurance Co Senior Associate Salary 3 - 5 years exp. (4 salaries)	₹3 L/yr - ₹5 L/yr 1% more
Edelweiss Life Insurance Senior Associate Salary 2 - 9 years exp. (4 salaries)	₹4 L/yr - ₹6.7 L/yr 24% more

Senior Associate salary at Marsh India Insurance Brokers ranges between ₹2.9 Lakhs to ₹7.5 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 11 latest salaries received from various employees of Marsh India Insurance Brokers.

Experience wise Marsh India Insurance Brokers Senior Associate salaries in Mumbai

Last Updated: 21 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
3 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
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4 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
6 years (4 salaries)	₹3 L/yr - ₹7.5 L/yr
7 years (3 salaries)	₹4.2 L/yr - ₹5.2 L/yr

View all

Similar Designation salaries in Marsh India Insurance Brokers

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Process Associate Salary

(12 salaries)

₹3 L/yr - ₹4.1 L/yr

Associate Vice President Salary

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₹19.25 L/yr - ₹22.62 L/yr

Management Trainee Salary

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Salary related reviews for Marsh India Insurance Brokers

3.6

Rated by 3 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.

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Marsh India Insurance Brokers Senior Associate Salary FAQs

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

The average salary of a Senior Associate at Marsh India Insurance Brokers in Mumbai typically ranges from ₹2.9 Lakhs to ₹7.5 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Senior Associate in Mumbai at Marsh India Insurance Brokers earn more than ₹6.3 Lakhs per year, and the top 1% earn over ₹7.5 Lakhs per year. Senior Associate 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 Senior Associate at Marsh India Insurance Brokers in Mumbai?

The estimated take-home salary of a Senior Associate at Marsh India Insurance Brokers in Mumbai typically ranges from ₹29,761 to ₹31,079 per month. This is based on the average salary range of ₹2.9 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from 2 years to 7 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 Senior Associate in India?

Edelweiss Life Insurance	₹4.0 Lakhs to ₹6.7 Lakhs per year
Future Generali India Life Insurance	₹3.6 Lakhs to ₹5.5 Lakhs per year
Ageas Federal Life Insurance	₹3.1 Lakhs to ₹7.0 Lakhs per year
Marsh	₹4.1 Lakhs to ₹4.6 Lakhs per year
Aditya Birla Health Insurance Co	₹3.0 Lakhs to ₹5.0 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 Senior Associate in companies similar to Marsh India Insurance Brokers in Mumbai?

The salary of a Senior Associate 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:

Bharti AXA Life Insurance

₹3.5 Lakhs to ₹4.0 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 Senior Associate at Marsh India Insurance Brokers in Mumbai?

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

Experience	Average Salary Range
2 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
3 years	₹3.4 Lakhs to ₹4.4 Lakhs per year
4 years	₹3.6 Lakhs to ₹4.5 Lakhs per year
5 years	₹3.7 Lakhs to ₹4.7 Lakhs per year

and so on.

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Marsh India Insurance Brokers Senior Associate Salaries in Mumbai

Marsh India Insurance Brokers Senior Associate salary in Mumbai ranges between ₹2.9 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Marsh India Insurance Brokers latest salaries received from various employees of Marsh India Insurance Brokers.

Marsh India Insurance Brokers Senior Associate salaries in Mumbai (Updated 2025)

Companies similar to Marsh India Insurance Brokers for Senior Associate in Mumbai

Latest annual salaries shared by Marsh India Insurance Brokers Senior Associate in Mumbai

Experience wise Marsh India Insurance Brokers Senior Associate salaries in Mumbai

Similar Designation salaries in Marsh India Insurance Brokers

Salary related reviews for Marsh India Insurance Brokers

Senior Executive Operations in Chennai

Assistant Vice President in Gurgaon / Gurugram

Senior Manager in Mumbai

Process Leader in New Delhi

Processing Manager in Pune

Marsh India Insurance Brokers Senior Associate Salary FAQs

Tell us how to improve this page.