MetLife Procurement Manager Salaries by 4 Employees (Updated 2024)

5 - 9 years exp.

₹9 Lakhs - ₹10.5 Lakhs

Low Confidence

Salary of majority employees

38% less than the average Procurement Manager Salary in Insurance Companies for 5 - 9 years of experience

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Last Updated: 23 Nov 2024

Companies similar to MetLife for Procurement Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Procurement Manager Salary 16 - 22 years exp. (4 salaries)	₹11.5 L/yr - ₹12.9 L/yr 25% more
Max Life Insurance Procurement Manager Salary 10 - 14 years exp. (7 salaries)	₹11 L/yr - ₹17 L/yr 44% more	1 job opening
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Kotak Mahindara Life Insurance Procurement Manager Salary 7 - 8 years exp. (3 salaries)	₹5 L/yr - ₹12.9 L/yr 12% less
Reliance Nippon Life Insurance Procurement Manager Salary 11 - 14 years exp. (4 salaries)	₹11.3 L/yr - ₹15.5 L/yr 33% more
PNB MetLife Procurement Manager Salary 10 - 14 years exp. (5 salaries)	₹10.3 L/yr - ₹13 L/yr 13% more
SBI General Insurance Procurement Manager Salary 3 - 13 years exp. (3 salaries)	₹8.6 L/yr - ₹9.6 L/yr 7% less

Procurement Manager salary at MetLife ranges between ₹9 Lakhs to ₹10.5 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of MetLife.

Experience wise MetLife Procurement Manager salaries

Last Updated: 23 Nov 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹9 L/yr - ₹9 L/yr
6 years (AmbitionBox Estimate)	₹9 L/yr - ₹16.3 L/yr
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7 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
8 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹10.5 L/yr
9 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹10.5 L/yr

Similar Designation salaries in MetLife

Procurement Specialist Salary

(6 salaries)

₹3.9 L/yr - ₹6.05 L/yr

Supply Chain Specialist Salary

(4 salaries)

₹4.4 L/yr - ₹6.2 L/yr

Procurement Buyer Salary

(4 salaries)

₹3.8 L/yr - ₹6.15 L/yr

Sourcing Specialist Salary

(4 salaries)

₹7.1 L/yr - ₹8 L/yr

Supply Chain Analyst Salary

(4 salaries)

₹2.4 L/yr - ₹5.12 L/yr

Senior Manager Procurement Salary

(4 salaries)

₹34.2 L/yr - ₹39 L/yr

Procurement Executive Salary

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₹2.15 L/yr - ₹4.81 L/yr

Senior Executive Supply Chain Management Salary

(3 salaries)

₹4 L/yr - ₹7.1 L/yr

Senior Buyer Salary

(3 salaries)

₹4 L/yr - ₹4.3 L/yr

Assistant Manager Procurement Salary

(3 salaries)

₹11 L/yr - ₹14 L/yr

Salary related reviews for MetLife

SIX Sigma Black Belt in Jaipur

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for Salary and Benefits

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...eling like I am home. You will get complete work-life balance with hybrid model. 💯 Job security, Salary is best in the industry.

Dislikes

Cafeteria is small inside the office however there is a common cafeteria of SEZ which offers variety.

Finance Specialist in Noida

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No limit on number of breaks you take, lean days are there. Incentive is now given on yearly basis that is 10% of fixed salary. Yearly appraisals are given between 5-10%. Other benefits are there such as token amounts on occasions such as marriage anniversary(2k Amazon voucher), birthdays(4k Amazon voucher), Sodexo voucher(1k) is given if awarded for exceptional performance. Joining gifts, Diwali gifts, year end gifts are given. Process parties/lunch/dinners are organised twice in a year.

Dislikes

Lot of internal politics. Senior management is least bothered about issues that you face if you are not someone who keeps on buttering your manager. Never discuss anything personal, it will be used against you.

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...sed company, its stakeholders (clients) r understanding and appreciate our work. salary is good.

Dislikes

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for Salary and Benefits

Likes

Working at metlife is a great experience for me, with job security and never found any such thing that can change my mind to switch the job. Its been 4 years with Metlife and many more to go happy to work with Metlife.

Dislikes

It's my opinion just a one thing that's a appraisal and the salary in hand.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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MetLife Procurement Manager Salary FAQs

What is the salary of Procurement Manager at MetLife?

Procurement Manager salary at MetLife in India ranges between ₹9.0 Lakhs to ₹10.5 Lakhs for experience between 5 years to 9 years. According to our estimates it is 38% less than the average Procurement Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of MetLife India.

How does the salary of a Procurement Manager at MetLife India compare with the average salary range for this job?

The average salary of a Procurement Manager at MetLife is 38% less than the average salary of a Procurement Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than MetLife to a Procurement Manager in India?

Max Life Insurance Procurement Manager Salary - ₹11.0 Lakhs to ₹17.0 Lakhs per year
Reliance Nippon Life Insurance Procurement Manager Salary - ₹11.3 Lakhs to ₹15.5 Lakhs per year
HDFC Life Procurement Manager Salary - ₹11.5 Lakhs to ₹12.9 Lakhs per year
PNB MetLife Procurement Manager Salary - ₹10.3 Lakhs to ₹13.0 Lakhs per year

What is the salary of a Procurement Manager in companies similar to MetLife in India?

SBI General Insurance Procurement Manager Salary - ₹8.6 Lakhs to ₹9.6 Lakhs per year
Kotak Mahindara Life Insurance Procurement Manager Salary - ₹5.0 Lakhs to ₹12.9 Lakhs per year

What is the estimated take home salary of a Procurement Manager at MetLife in India?

The estimated take-home salary of a Procurement Manager at MetLife ranges between ₹69,906 per month to ₹71,703 per month in India. The take-home salary calculation is based on the average MetLife Procurement Manager salary in India which ranges between ₹9.0 Lakhs to ₹10.5 Lakhs per year for employees with experience between 5 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Procurement Manager at MetLife?

According to AmbitionBox, 75% of the MetLife Procurement Manager s reported a notice period of 1 Month, 25% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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MetLife Procurement Manager Salaries

MetLife Procurement Manager salary in India ranges between ₹9 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 MetLife latest salaries received from various employees of MetLife.