Munich Re Mumbai Salaries by 80+ Employees (Updated 2025)

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Designation	Avg Annual Salary	Open Jobs
Technical Accountant 0 - 8 years exp. · Mumbai (7 salaries)	₹6 L/yr - ₹8 L/yr
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Data Scientist 4 - 6 years exp. · Mumbai (4 salaries)	₹15 L/yr - ₹22 L/yr
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Client Manager 6 - 15 years exp. · Mumbai (4 salaries)	₹15 L/yr - ₹28 L/yr
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Administration Assistant 2 - 6 years exp. · Mumbai (4 salaries)	₹2.5 L/yr - ₹4.3 L/yr
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Underwriter 9 - 10 years exp. · Mumbai (3 salaries)	₹20 L/yr - ₹29 L/yr
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Accountant 2 - 5 years exp. · Mumbai (3 salaries)	₹3 L/yr - ₹3.4 L/yr
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Administration Executive 6 - 10 years exp. · Mumbai (3 salaries)	₹4.8 L/yr - ₹7.2 L/yr
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HR Specialist 3 - 5 years exp. · Mumbai (3 salaries)	₹9 L/yr - ₹12.5 L/yr
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Senior Data Scientist 6 - 7 years exp. · Mumbai (AmbitionBox Estimate)	₹22.5 L/yr - ₹28.8 L/yr
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Senior Manager Finance 9 - 10 years exp. · Mumbai (AmbitionBox Estimate)	₹21.2 L/yr - ₹27 L/yr
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Project Coordinator 5 years exp. · Mumbai (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
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Regional Business Manager 14 years exp. · Mumbai (AmbitionBox Estimate)	₹36 L/yr - ₹46 L/yr
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Actuarial Manager 10 - 12 years exp. · Mumbai (AmbitionBox Estimate)	₹33.8 L/yr - ₹43.1 L/yr
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Head Human Resources 19 - 26 years exp. · Mumbai (AmbitionBox Estimate)	₹32.9 L/yr - ₹42 L/yr
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IT Product Manager 10 - 11 years exp. · Mumbai (AmbitionBox Estimate)	₹22.5 L/yr - ₹28.8 L/yr
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MIS Executive and Analyst 6 - 7 years exp. · Mumbai (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
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MIS Executive and Vba Developer 7 - 8 years exp. · Mumbai (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
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SAP BW Hana Consultant 7 years exp. · Mumbai (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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CFO 14 years exp. · Mumbai (AmbitionBox Estimate)	₹76 L/yr - ₹84 L/yr
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Finance Manager 4 years exp. · Mumbai (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Salary related reviews for Munich Re

2.7

Rated by 5 employees for salary & benefits

Data Science Intern in The Capital, BKC, Mumbai

Intern

Data Science & Analytics Department

5.0

• posted on 18 May 2022

5.0

for Salary and Benefits

Likes

The exposure and appreciation one can get here is tremendous. If you want to learn and grow this is one of the best organisations that comes with really good culture, complete work and personal life balance lastly with highly supportive, energy packed and cheerful managers and colleagues.

Salary - Excellent

+6 more

Dislikes

I am working here since last 5 months and I personally didn't find anything that to say about what dislike. Even colleagues from my department and other departments would also talk same. But again this experience may vary person to person.

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Munich Re Salary FAQs

How much does Munich Re pay to its employees?

The average annual salary at Munich Re varies depending on the role, experience, and location. The salary ranges for some popular designations at Munich Re, are as follows:

Technical Accountant	₹6 Lakhs to ₹8 Lakhs per year
Data Scientist	₹15 Lakhs to ₹22 Lakhs per year
Client Manager	₹15 Lakhs to ₹28 Lakhs per year
Administration Assistant	₹2.5 Lakhs to ₹4.3 Lakhs per year

The highest-paying role, Underwriter, earns between ₹20 Lakhs to ₹50 Lakhs per year. The top 10% of employees earn more than ₹42 Lakhs per year, and the top 1% earn over ₹1.1 Lakhs per year. Salaries at Munich Re 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 salary estimates are based on data from 85 salaries submitted by Munich Re employees. Munich Re is rated 2.7 out of 5 stars by its employees on the salary and benefits parameter.

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Average annual salary in Munich Re , Mumbai is INR . Salary estimates are based on 80+ Munich Re latest salaries received from various employees of Munich Re.

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