NBFC Associate Manager Salaries by 4 Employees (Updated 2025)

5 - 12 years exp.

₹3.8 Lakhs - ₹15.6 Lakhs

Salary of majority employees

54% less than the average Associate Manager Salary in Insurance Companies for 5 - 12 years of experience

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Salaries in different departments

Sales & Business Development Associate Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr
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Customer Success, Service & Operations Associate Manager Salary 12 years exp. (AmbitionBox Estimate)	₹14.1 L/yr - ₹17.2 L/yr

Last Updated: 12 May 2023

Companies similar to NBFC for Associate Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Associate Manager Salary 0 - 8 years exp. (26 salaries)	₹2.5 L/yr - ₹6 L/yr 43% less
Bajaj Finance Associate Manager Salary 3 - 6 years exp. (4 salaries)	₹4 L/yr - ₹6 L/yr 27% less
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ICICI Bank Associate Manager Salary 0 - 6 years exp. (37 salaries)	₹2.2 L/yr - ₹7.6 L/yr 43% less
Axis Bank Associate Manager Salary 1 - 6 years exp. (15 salaries)	₹2.5 L/yr - ₹5.1 L/yr 46% less
Kotak Mahindra Bank Associate Manager Salary 1 - 8 years exp. (76 salaries)	₹1.6 L/yr - ₹5.1 L/yr 54% less
Tata Capital Associate Manager Salary 1 - 9 years exp. (5 salaries)	₹4.5 L/yr - ₹7.8 L/yr 24% less
Aditya Birla Capital Associate Manager Salary 0 - 6 years exp. (7 salaries)	₹3.6 L/yr - ₹8.5 L/yr 14% less
Mahindra Finance Associate Manager Salary 5 - 9 years exp. (4 salaries)	₹4.3 L/yr - ₹6.1 L/yr 31% less
L&T Finance Associate Manager Salary 1 - 8 years exp. (6 salaries)	₹3.2 L/yr - ₹8 L/yr 19% less
Shriram Finance Associate Manager Salary 2 - 6 years exp. (4 salaries)	₹3 L/yr - ₹7.9 L/yr 21% less
HDFC Life Associate Manager Salary 0 - 12 years exp. (826 salaries)	₹2.5 L/yr - ₹7 L/yr 32% less	1 job opening
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Axis Max Life Insurance Associate Manager Salary 1 - 8 years exp. (173 salaries)	₹2.3 L/yr - ₹5.8 L/yr 47% less
Allstate Associate Manager Salary 11 - 20 years exp. (121 salaries)	₹18 L/yr - ₹51.3 L/yr 386% more	3 job openings
ICICI Prudential Life Insurance Associate Manager Salary 0 - 7 years exp. (95 salaries)	₹2 L/yr - ₹6 L/yr 49% less
ICICI Lombard General Insurance Company Associate Manager Salary 2 - 14 years exp. (49 salaries)	₹5.8 L/yr - ₹12.1 L/yr 20% more
HDFC Ergo General Insurance Associate Manager Salary 1 - 12 years exp. (48 salaries)	₹2.6 L/yr - ₹8.5 L/yr 32% less
Kotak Mahindara Life Insurance Associate Manager Salary 0 - 6 years exp. (14 salaries)	₹3 L/yr - ₹4.8 L/yr 49% less
Aditya Birla Sun Life Insurance Associate Manager Salary 1 - 5 years exp. (8 salaries)	₹2.5 L/yr - ₹6.3 L/yr 49% less
Bajaj Allianz Life Insurance Associate Manager Salary 5 - 13 years exp. (8 salaries)	₹5.1 L/yr - ₹9.9 L/yr 4% more
First American Corporation Associate Manager Salary 14 - 17 years exp. (7 salaries)	₹24 L/yr - ₹40 L/yr 320% more

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Associate Manager salary at NBFC ranges between ₹3.8 Lakhs to ₹15.6 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of NBFC.

Experience wise NBFC Associate Manager salaries

Last Updated: 12 May 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr
6 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
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12 years (AmbitionBox Estimate)	₹14.1 L/yr - ₹18 L/yr

Similar Designation salaries in NBFC

Project Manager Salary

(AmbitionBox Estimate)

₹22.5 L/yr - ₹28.7 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Team Lead Salary

(6 salaries)

₹1.8 L/yr - ₹3 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹5.1 L/yr - ₹6.6 L/yr

Salary related reviews for NBFC

Back Office Executive in Jaipur

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 02 Jul 2024

2.0

for Salary and Benefits

Likes

Nbfc are hell for anyone…some of target and money greedy companies wants 100% for employee and want from them to work overtime no holiday in closings and if any festival comes in closing they will not give holiday.. If your employee is not happy how could he work better…

Skill development - Good

+3 more

Dislikes

Work load and salary low

Salary - Poor

+1 more

Bajaj Finance Limited in Mumbai

Asset Based Finance . FD . Secured and Unsecured Loans both.. Department

5.0

• posted on 22 Apr 2019

5.0

for Salary and Benefits

Likes

...gement is very demanding. It's very tough and challenging for middle Management. Compensation , R&R , salary increment is better then competition.

Salary - Excellent

+4 more

Dislikes

Higher management is very demanding. It's very tough and challenging for middle Management. Work Life balance is poor.

Work-life balance - Poor

Assistant Manager

Sales & Business Development Department

4.0

• posted on 04 Oct 2017

4.0

for Salary and Benefits

Likes

Highly motivated teams, proper training, innovations in marketing, helps for a strong foundation in career growth are good aspects

Salary - Good

+1 more

Dislikes

No job security and less career growth less salary, bad work-life balance

Job security - Poor

Assistant Manager in Gurgaon / Gurugram

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 20 Apr 2022

4.0

for Salary and Benefits

Likes

Yeah company policy and work managment are really great because I joined 2017 and now I m working same company.

Salary - Good

+6 more

Dislikes

Not any particular as always there is two thing's of anything but it's depend on us that how can we manage or balanced.

Senior Area Collection Manager in Wani

BFSI, Investments & Trading Department

5.0

• posted on 28 Oct 2021

5.0

for Salary and Benefits

Likes

i like the working culture of NBFC in collection segment. as well as there is fast career growth based on performance along with salary increment.

Salary - Excellent

+3 more

Dislikes

In NBFC their is problem of holiday as compare to banking sector.

Work-life balance - Poor

see more salary related reviews

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NBFC Associate Manager Salary FAQs

What is the salary of Associate Manager at NBFC?

Associate Manager salary at NBFC in India ranges between ₹3.8 Lakhs to ₹15.6 Lakhs for experience between 5 years to 12 years. According to our estimates it is 54% less than the average Associate Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of NBFC India.

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

The average salary of a Associate Manager at NBFC is 54% less than the average salary of a Associate Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than NBFC to a Associate Manager in India?

Allstate Associate Manager Salary - ₹18.0 Lakhs to ₹51.3 Lakhs per year
MetLife Associate Manager Salary - ₹13.0 Lakhs to ₹33.0 Lakhs per year
First American Corporation Associate Manager Salary - ₹24.0 Lakhs to ₹40.0 Lakhs per year
ICICI Lombard General Insurance Company Associate Manager Salary - ₹5.8 Lakhs to ₹12.1 Lakhs per year
Bajaj Allianz Life Insurance Associate Manager Salary - ₹5.1 Lakhs to ₹9.9 Lakhs per year

What is the salary of a Associate Manager in companies similar to NBFC in India?

PNB MetLife Associate Manager Salary - ₹2.8 Lakhs to ₹13.0 Lakhs per year
Aditya Birla Capital Associate Manager Salary - ₹3.6 Lakhs to ₹8.5 Lakhs per year
L&T Finance Associate Manager Salary - ₹3.2 Lakhs to ₹8.0 Lakhs per year
Star Health & Allied Insurance Associate Manager Salary - ₹2.4 Lakhs to ₹7.8 Lakhs per year
Shriram Finance Associate Manager Salary - ₹3.0 Lakhs to ₹7.9 Lakhs per year

What is the estimated take home salary of a Associate Manager at NBFC in India?

The estimated take-home salary of a Associate Manager at NBFC ranges between ₹53,132 per month to ₹54,454 per month in India. The take-home salary calculation is based on the average NBFC Associate Manager salary in India which ranges between ₹3.8 Lakhs to ₹15.6 Lakhs per year for employees with experience between 5 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Associate Manager at NBFC?

According to AmbitionBox, 50% of the NBFC Associate Managers reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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NBFC Associate Manager Salaries

NBFC Associate Manager salary in India ranges between ₹3.8 Lakhs to ₹15.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 NBFC latest salaries received from various employees of NBFC.