Marsh Mumbai Assistant Vice President Salaries by 4 Employees

7 - 12 years exp.

₹19.5 Lakhs - ₹23 Lakhs

Avg. annual salary

Monthly In-hand Salary

32% less than the average Assistant Vice President Salary in Insurance Companies for 7 - 12 years of experience

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Last Updated: 1 Jul 2023

Companies similar to Marsh for Assistant Vice President in Mumbai

Marsh Assistant Vice President Salary

7 - 12 years exp. (4 salaries)

₹19.5 L/yr - ₹23 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Assistant Vice President Salary 14 - 22 years exp. (41 salaries)	₹19.2 L/yr - ₹51 L/yr 79% more	5 job openings
Future Generali India Life Insurance Assistant Vice President Salary 11 - 21 years exp. (23 salaries)	₹19 L/yr - ₹30 L/yr 16% more	2 job openings
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Aditya Birla Health Insurance Co Assistant Vice President Salary 8 - 20 years exp. (10 salaries)	₹32.5 L/yr - ₹59 L/yr 102% more
SBI General Insurance Assistant Vice President Salary 11 - 20 years exp. (9 salaries)	₹18.2 L/yr - ₹34.9 L/yr 52% more
Swiss Re Assistant Vice President Salary 9 - 17 years exp. (7 salaries)	₹15.5 L/yr - ₹36 L/yr 46% more
Aditya Birla Sun Life Insurance Assistant Vice President Salary 10 - 20 years exp. (7 salaries)	₹40 L/yr - ₹56 L/yr 122% more
Ageas Federal Life Insurance Assistant Vice President Salary 9 - 21 years exp. (5 salaries)	₹32 L/yr - ₹38 L/yr 78% more
Gallagher Assistant Vice President Salary 9 - 16 years exp. (5 salaries)	₹20 L/yr - ₹26 L/yr 19% more
Reliance Nippon Life Insurance Assistant Vice President Salary 5 - 20 years exp. (4 salaries)	₹15 L/yr - ₹31 L/yr 17% more
Bharti AXA Life Insurance Assistant Vice President Salary 9 - 15 years exp. (4 salaries)	₹25 L/yr - ₹37 L/yr 49% more
Medi Assist India Assistant Vice President Salary 15 - 21 years exp. (4 salaries)	₹21.3 L/yr - ₹29 L/yr 21% more
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Assistant Vice President salary at Marsh ranges between ₹19.5 Lakhs to ₹23 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Marsh.

Experience wise Marsh Assistant Vice President salaries in Mumbai

Last Updated: 1 Jul 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹17.7 L/yr - ₹22.6 L/yr
8 years (AmbitionBox Estimate)	₹17.8 L/yr - ₹22.7 L/yr
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9 years (AmbitionBox Estimate)	₹17.9 L/yr - ₹22.8 L/yr
10 years (AmbitionBox Estimate)	₹17.9 L/yr - ₹22.9 L/yr
11 years (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
12 years (AmbitionBox Estimate)	₹18.1 L/yr - ₹23.1 L/yr

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Salary related reviews for Marsh

Operations Analyst in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 05 Aug 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Mangers are over friendly and they cut my bonus and give me bad rating due just because I haven't communicate with them friendly and also they decline my appraisal as well very nonsense company I'll never suggest anyone to join this company they are not focusing on work or business they just required personal attention and good good talks with managers, zero respect of work company culture only focus nonsense things like fun committee and events, HR's also not helpful over there they'll simply accept your resignation without any retention stupid company I ever seen in my career

Salary - Bad

+6 more

Associate in Mumbai

Full Time

Risk Management & Compliance Department

3.0

• posted on 05 Mar 2023

1.0

for Salary and Benefits

Likes

Good company with decent work ethic

Job security - Good

Dislikes

...w salary bracket so make sure you NEGOTIATE YOUR SALARY VERY WELL (ASK HIGHER) Salary structure is designed to demote people form taking leaves like you have shift allowance in it so every time you take leave that days shift allowance would not be given to you and shift allowance is arround 30% of your inhand salary

Salary - Bad

+1 more

Process Leader in Mumbai

Fiduciary Department

5.0

• posted on 03 Jun 2022

4.0

for Salary and Benefits

Likes

... internal job posting are released which employees can apply & can get promoted. Salary & yearly appraisal is at par with the market.

Salary - Good

+6 more

Dislikes

Compensation is decent, however growth is slow. We do get appreciations from stakeholders & insurers, but sometimes managers are biased & efforts go unnoticed.

Process Specialist in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 21 Mar 2025

1.0

for Salary and Benefits

Likes

Nothing.

Job security - Excellent

Dislikes

US certificates team is the worst team. They have started mass hiring again. It is my request to joing any other team but US CERTS TEAM is a big nooo. Aruna Selvaraj, Reena Mendonca, Brian Mendonca, Prathamesh Sarmalkar and all team leads and SMs are AAASSSSHOles They never approve any leave requests, make you work tirelessly like sllaaaaaveeesss plus they will interfere in personal life too. if don't massage theirthen you will get in trouble.

Salary - Bad

+5 more

HR Operations Analyst in Noida

Full Time

Human Resources Department

1.0

• posted on 21 Jun 2024

3.0

for Salary and Benefits

Likes

Nothing

Work-life balance - Good

Dislikes

Office politics, no support from management as well as human resources. Even if you want to leave, they force you as much as they do, don't think about your career. They believe in destroying it. If you love your career, don't join

Skill development - Bad

+3 more

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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 Assistant Vice President Salary FAQs

What is the salary of Assistant Vice President at Marsh in Mumbai?

The average salary of a Assistant Vice President at Marsh in Mumbai typically ranges from ₹19.5 Lakhs to ₹23.0 Lakhs per year, depending on experience (from 7 years to 12 years).

The top 10% of Assistant Vice President in Mumbai at Marsh earn more than ₹23.0 Lakhs per year, and the top 1% earn over ₹23.0 Lakhs per year. Assistant Vice President Salaries at Marsh 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 employees in India.

What is the estimated take home salary of a Assistant Vice President at Marsh in Mumbai?

The estimated take-home salary of a Assistant Vice President at Marsh in Mumbai typically ranges from ₹1,30,541 to ₹1,35,200 per month. This is based on the average salary range of ₹19.5 Lakhs to ₹23.0 Lakhs per year for employees with experience ranging from 7 years to 12 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. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Marsh for Assistant Vice President in India?

Aditya Birla Sun Life Insurance	₹40.0 Lakhs to ₹56.0 Lakhs per year
Aditya Birla Health Insurance Co	₹32.5 Lakhs to ₹59.0 Lakhs per year
Tata AIA Life Insurance	₹19.2 Lakhs to ₹51.0 Lakhs per year
Ageas Federal Life Insurance	₹32.0 Lakhs to ₹38.0 Lakhs per year
SBI General Insurance	₹18.2 Lakhs to ₹34.9 Lakhs per year

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

What is the salary of a Assistant Vice President in companies similar to Marsh in Mumbai?

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

Bharti AXA Life Insurance	₹25.0 Lakhs to ₹37.0 Lakhs per year
Swiss Re	₹15.5 Lakhs to ₹36.0 Lakhs per year
Medi Assist India	₹21.3 Lakhs to ₹29.0 Lakhs per year
Gallagher	₹20.0 Lakhs to ₹26.0 Lakhs per year
Reliance Nippon Life Insurance	₹15.0 Lakhs to ₹31.0 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 Assistant Vice President at Marsh in Mumbai?

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

Experience	Average Salary Range
7 years	₹17.7 Lakhs to ₹22.6 Lakhs per year
8 years	₹17.8 Lakhs to ₹22.7 Lakhs per year
9 years	₹17.9 Lakhs to ₹22.8 Lakhs per year
10 years	₹17.9 Lakhs to ₹22.9 Lakhs per year

and so on.

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Marsh Assistant Vice President Salaries in Mumbai

Marsh Assistant Vice President salary in Mumbai ranges between ₹19.5 Lakhs to ₹23 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Marsh latest salaries received from various employees of Marsh.