NBFC Collections Manager Salaries by 7 Employees

5 - 14 years exp.

₹2.3 Lakhs - ₹6.6 Lakhs

Salary of majority employees

17% less than the average Collections Manager Salary in Insurance Companies for 5 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Collections Manager Salary 9 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹6.1 L/yr
Marketing & Communication Collections Manager Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.5 L/yr
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Finance & Accounting Collections Manager Salary 14 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹5.3 L/yr

Last Updated: 5 Aug 2023

Companies similar to NBFC for Collections Manager

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Collections Manager Salary 4 - 9 years exp. (6 salaries)	₹1.1 L/yr - ₹4 L/yr 44% less
HDFC Bank Collections Manager Salary 1 - 18 years exp. (1.1k salaries)	₹2 L/yr - ₹11.1 L/yr 42% more	7 job openings
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IDFC FIRST Bank Collections Manager Salary 1 - 11 years exp. (567 salaries)	₹2 L/yr - ₹10.6 L/yr 37% more
Bajaj Finserv Collections Manager Salary 0 - 10 years exp. (364 salaries)	₹1.1 L/yr - ₹8.5 L/yr 4% more
HDB Financial Services Collections Manager Salary 2 - 17 years exp. (265 salaries)	₹2.2 L/yr - ₹9 L/yr 34% more	6 job openings

Collections Manager salary at NBFC ranges between ₹2.3 Lakhs to ₹6.6 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 7 latest salaries received from various employees of NBFC.

Experience wise NBFC Collections Manager salaries

Last Updated: 5 Aug 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹6.7 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
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7 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹7.4 L/yr
8 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹6.6 L/yr
9 years (AmbitionBox Estimate)	₹3 L/yr - ₹8.1 L/yr
10 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
11 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
12 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹9.1 L/yr
13 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
14 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹9.7 L/yr

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Similar Designation salaries in NBFC

Collection Officer Salary

(3 salaries)

₹2.45 L/yr - ₹4.5 L/yr

Area Collection Manager Salary

(4 salaries)

₹8.4 L/yr - ₹13 L/yr

Zonal Collection Manager Salary

(AmbitionBox Estimate)

₹15.4 L/yr - ₹19.7 L/yr

Collection Associate Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Branch Collection Manager Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Cluster Manager Salary

(3 salaries)

₹2.5 L/yr - ₹3.2 L/yr

Relationship Manager Salary

(10 salaries)

₹2.3 L/yr - ₹5 L/yr

Recovery Manager Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Branch Manager Salary

(18 salaries)

₹2.6 L/yr - ₹7 L/yr

Agency Manager Salary

(AmbitionBox Estimate)

₹7.6 L/yr - ₹9.7 L/yr

Salary related reviews for NBFC

4.0

Rated by 1 employees for salary & benefits

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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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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NBFC Collections Manager Salary FAQs

What is the salary of Collections Manager at NBFC ?

The average salary of a Collections Manager at NBFC in India typically ranges from ₹2.3 Lakhs to ₹6.6 Lakhs per year, depending on experience (from 5 years to 14 years).

The top 10% of Collections Manager at NBFC earn more than ₹6.3 Lakhs per year, and the top 1% earn over ₹6.6 Lakhs per year. Collections 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 7 NBFC employees in India.

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

The estimated take-home salary of a Collections Manager at NBFC in India typically ranges from ₹34,855 to ₹36,097 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹6.6 Lakhs per year for employees with experience ranging from 5 years to 14 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 7 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 Collections Manager in India?

HDFC Bank	₹2.0 Lakhs to ₹11.1 Lakhs per year
IDFC FIRST Bank	₹2.0 Lakhs to ₹10.6 Lakhs per year
HDB Financial Services	₹2.2 Lakhs to ₹9.0 Lakhs per year
Bajaj Finserv	₹1.1 Lakhs to ₹8.5 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 Collections Manager in companies similar to NBFC in India?

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

Cholamandalam MS General Insurance

₹1.1 Lakhs to ₹4.0 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 Collections Manager at NBFC in India?

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

Experience	Average Salary Range
5 years	₹3.1 Lakhs to ₹6.7 Lakhs per year
6 years	₹3.5 Lakhs to ₹4.5 Lakhs per year
7 years	₹2.3 Lakhs to ₹7.4 Lakhs per year
8 years	₹1.7 Lakhs to ₹6.6 Lakhs per year

and so on.

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NBFC Collections Manager Salaries

NBFC Collections Manager salary in India ranges between ₹2.3 Lakhs to ₹6.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 NBFC latest salaries received from various employees of NBFC.