NBFC Associate Manager Salaries by 4 Employees

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 - 11 years exp. (29 salaries)	₹2.5 L/yr - ₹6 L/yr 42% 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 44% 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)	₹1.4 L/yr - ₹5 L/yr 55% 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 4 - 9 years exp. (5 salaries)	₹3.7 L/yr - ₹6.1 L/yr 32% less
L&T Finance Associate Manager Salary 1 - 9 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. (857 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. (176 salaries)	₹2.3 L/yr - ₹6 L/yr 46% less
Allstate Associate Manager Salary 11 - 18 years exp. (122 salaries)	₹17.3 L/yr - ₹51.3 L/yr 387% more
ICICI Prudential Life Insurance Associate Manager Salary 0 - 8 years exp. (102 salaries)	₹2 L/yr - ₹6 L/yr 47% 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. (15 salaries)	₹1.9 L/yr - ₹4.8 L/yr 49% less
Aditya Birla Sun Life Insurance Associate Manager Salary 1 - 6 years exp. (8 salaries)	₹2.5 L/yr - ₹6.3 L/yr 48% less
Bajaj Allianz Life Insurance Associate Manager Salary 0 - 13 years exp. (10 salaries)	₹5.1 L/yr - ₹10 L/yr 11% 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 ?

The average salary of a Associate Manager at NBFC in India typically ranges from ₹3.8 Lakhs to ₹15.6 Lakhs per year, depending on experience (from 5 years to 12 years).

The top 10% of Associate Manager at NBFC earn more than ₹15.6 Lakhs per year, and the top 1% earn over ₹15.6 Lakhs per year. Associate Manager Salaries at NBFC 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 NBFC employees in India.

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 in India typically ranges from ₹53,132 to ₹54,454 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹15.6 Lakhs per year for employees with experience ranging from 5 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 NBFC. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than NBFC for Associate Manager in India?

Allstate	₹17.3 Lakhs to ₹51.3 Lakhs per year
First American Corporation	₹24.0 Lakhs to ₹40.0 Lakhs per year
MetLife	₹13.0 Lakhs to ₹34.0 Lakhs per year
ICICI Lombard General Insurance Company	₹5.8 Lakhs to ₹12.1 Lakhs per year
Bajaj Allianz Life Insurance	₹5.1 Lakhs to ₹10.0 Lakhs per year

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

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

The salary of a Associate Manager at companies similar to NBFC in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

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

The salary growth for a Associate Manager at NBFC depends on factors such as experience, performance, and promotions. On average, a Associate Manager can expect the following growth trajectory at NBFC:

Experience	Average Salary Range
5 years	₹3.7 Lakhs to ₹4.8 Lakhs per year
6 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
12 years	₹14.1 Lakhs to ₹18.0 Lakhs per year

and so on.

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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.