NBFC Deputy Manager Salaries by 5 Employees

5 - 7 years exp.

₹4 Lakhs - ₹7 Lakhs

Salary of majority employees

49% less than the average Deputy Manager Salary in Insurance Companies for 5 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.5 L/yr
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Risk Management & Compliance Deputy Manager Salary 5 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 13 Mar 2024

Companies similar to NBFC for Deputy Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (1k salaries)	₹3.2 L/yr - ₹10.3 L/yr 19% more
Axis Max Life Insurance Deputy Manager Salary 0 - 15 years exp. (825 salaries)	₹2.4 L/yr - ₹8.5 L/yr 6% more	21 job openings
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Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 9 years exp. (764 salaries)	₹2 L/yr - ₹5.7 L/yr 19% less
HDFC Life Deputy Manager Salary 0 - 15 years exp. (827 salaries)	₹3.5 L/yr - ₹12.2 L/yr 59% more
Tata AIG Deputy Manager Salary 2 - 9 years exp. (473 salaries)	₹2.3 L/yr - ₹9 L/yr 13% less	2 job openings
Bajaj Allianz Life Insurance Deputy Manager Salary 1 - 16 years exp. (331 salaries)	₹5 L/yr - ₹16.5 L/yr 108% more
Future Generali India Life Insurance Deputy Manager Salary 4 - 16 years exp. (233 salaries)	₹4.2 L/yr - ₹15.9 L/yr 84% more	2 job openings
Aditya Birla Health Insurance Co Deputy Manager Salary 2 - 11 years exp. (253 salaries)	₹4 L/yr - ₹12.6 L/yr 59% more
Star Health & Allied Insurance Deputy Manager Salary 1 - 13 years exp. (209 salaries)	₹3 L/yr - ₹9.5 L/yr 24% more
Aditya Birla Sun Life Insurance Deputy Manager Salary 2 - 10 years exp. (193 salaries)	₹3 L/yr - ₹9.5 L/yr 25% more
Bajaj Allianz General Insurance Deputy Manager Salary 5 - 16 years exp. (166 salaries)	₹7.5 L/yr - ₹16 L/yr 149% more	3 job openings
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SBI General Insurance Deputy Manager Salary 4 - 11 years exp. (157 salaries)	₹3.7 L/yr - ₹9.7 L/yr 12% more
PNB MetLife Deputy Manager Salary 4 - 17 years exp. (125 salaries)	₹4 L/yr - ₹12.6 L/yr 59% more
Reliance General Insurance Deputy Manager Salary 1 - 10 years exp. (119 salaries)	₹3 L/yr - ₹7.5 L/yr 6% less
Canara HSBC Life Insurance Deputy Manager Salary 2 - 16 years exp. (114 salaries)	₹5 L/yr - ₹16 L/yr 96% more	1 job opening
Star Union Dai-ichi Life Insurance Deputy Manager Salary 0 - 13 years exp. (101 salaries)	₹3.8 L/yr - ₹12.3 L/yr 63% more
Bharti AXA Life Insurance Deputy Manager Salary 3 - 15 years exp. (82 salaries)	₹3.5 L/yr - ₹6 L/yr 9% less
Cholamandalam MS General Insurance Deputy Manager Salary 1 - 11 years exp. (66 salaries)	₹4 L/yr - ₹11.3 L/yr 74% more
Reliance Nippon Life Insurance Deputy Manager Salary 1 - 17 years exp. (64 salaries)	₹3.7 L/yr - ₹12.4 L/yr 44% more
Niva Bupa Health Insurance Company Deputy Manager Salary 4 - 11 years exp. (59 salaries)	₹6 L/yr - ₹12.5 L/yr 60% more

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Deputy Manager salary at NBFC ranges between ₹4 Lakhs to ₹7 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of NBFC.

Experience wise NBFC Deputy Manager salaries

Last Updated: 13 Mar 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹5 L/yr - ₹9.8 L/yr
6 years (3 salaries)	₹4 L/yr - ₹7 L/yr
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7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.5 L/yr

Similar Designation salaries in NBFC

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(18 salaries)

₹2.6 L/yr - ₹7 L/yr

Area Manager Salary

(7 salaries)

₹5.4 L/yr - ₹12.6 L/yr

Cluster Manager Salary

(3 salaries)

₹2.5 L/yr - ₹3.2 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹22.5 L/yr - ₹28.7 L/yr

Operations Manager Salary

(4 salaries)

₹7 L/yr - ₹9.5 L/yr

Relationship Manager Salary

(10 salaries)

₹2.3 L/yr - ₹5 L/yr

Team Lead Salary

(6 salaries)

₹1.8 L/yr - ₹3 L/yr

Customer Service Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Operations Executive Salary

(6 salaries)

₹2.2 L/yr - ₹3 L/yr

Business Development Manager Salary

(AmbitionBox Estimate)

₹4.6 L/yr - ₹5.9 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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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 Deputy Manager Salary FAQs

What is the salary of Deputy Manager at NBFC ?

The average salary of a Deputy Manager at NBFC in India typically ranges from ₹4.0 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 5 years to 7 years).

The top 10% of Deputy Manager at NBFC earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Deputy 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 5 NBFC employees in India.

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

The estimated take-home salary of a Deputy Manager at NBFC in India typically ranges from ₹37,208 to ₹38,414 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 5 years to 7 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 5 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 Deputy Manager in India?

AXA Business Services	₹10.0 Lakhs to ₹20.0 Lakhs per year
Allstate	₹6.3 Lakhs to ₹17.8 Lakhs per year
Bajaj Allianz General Insurance	₹7.5 Lakhs to ₹16.0 Lakhs per year
First American Corporation	₹9.5 Lakhs to ₹16.5 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹16.5 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 Deputy Manager in companies similar to NBFC in India?

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

Canara HSBC Life Insurance	₹5.0 Lakhs to ₹16.0 Lakhs per year
Future Generali India Life Insurance	₹4.2 Lakhs to ₹15.9 Lakhs per year
Cholamandalam MS General Insurance	₹4.0 Lakhs to ₹11.3 Lakhs per year
Star Union Dai-ichi Life Insurance	₹3.8 Lakhs to ₹12.3 Lakhs per year
Niva Bupa Health Insurance Company	₹6.0 Lakhs to ₹12.5 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 Deputy Manager at NBFC in India?

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

Experience	Average Salary Range
5 years	₹5.0 Lakhs to ₹9.8 Lakhs per year
6 years	₹4.0 Lakhs to ₹7.0 Lakhs per year
7 years	₹1.8 Lakhs to ₹4.5 Lakhs per year

and so on.

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NBFC Deputy Manager Salaries

NBFC Deputy Manager salary in India ranges between ₹4 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 NBFC latest salaries received from various employees of NBFC.