NBFC IT Manager Salaries by 4 Employees

20 - 23 years exp.

₹8 Lakhs - ₹10.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

37% less than the average IT Manager Salary in Insurance Companies for 20 - 23 years of experience

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Salaries in different departments

Engineering - Hardware & Networks IT Manager Salary 20 - 22 years exp. (3 salaries)	₹7.2 L/yr - ₹8.8 L/yr
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IT & Information Security IT Manager Salary 23 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹11.6 L/yr

Last Updated: 5 Jul 2024

Companies similar to NBFC for IT Manager

Company name	Avg Annual Salary	Open Jobs
Tata AIG IT Manager Salary 1 - 10 years exp. (25 salaries)	₹4.9 L/yr - ₹14 L/yr 3% less
Bharti AXA Life Insurance IT Manager Salary 5 - 11 years exp. (17 salaries)	₹7 L/yr - ₹15 L/yr 37% more	1 job opening
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ICICI Prudential Life Insurance IT Manager Salary 0 - 14 years exp. (16 salaries)	₹4.7 L/yr - ₹14 L/yr 8% more
HDFC Ergo General Insurance IT Manager Salary 5 - 15 years exp. (14 salaries)	₹8.7 L/yr - ₹16 L/yr 49% more
Canara HSBC Life Insurance IT Manager Salary 6 - 17 years exp. (11 salaries)	₹6.8 L/yr - ₹19 L/yr 65% more
Cholamandalam MS General Insurance IT Manager Salary 1 - 20 years exp. (10 salaries)	₹9 L/yr - ₹23.5 L/yr 79% more
Aditya Birla Sun Life Insurance IT Manager Salary 0 - 8 years exp. (8 salaries)	₹8.9 L/yr - ₹14.7 L/yr 45% more
PNB MetLife IT Manager Salary 8 - 18 years exp. (7 salaries)	₹16.5 L/yr - ₹18.3 L/yr 98% more
SBI Life Insurance Company IT Manager Salary 8 - 21 years exp. (7 salaries)	₹11.9 L/yr - ₹20 L/yr 87% more
Niva Bupa Health Insurance Company IT Manager Salary 3 - 12 years exp. (7 salaries)	₹11 L/yr - ₹16.6 L/yr 68% more
Tata AIA Life Insurance IT Manager Salary 7 - 16 years exp. (6 salaries)	₹16.5 L/yr - ₹24.8 L/yr 128% more
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ICICI Lombard General Insurance Company IT Manager Salary 8 - 11 years exp. (6 salaries)	₹10.1 L/yr - ₹18.3 L/yr 68% more
Future Generali India Life Insurance IT Manager Salary 6 - 16 years exp. (6 salaries)	₹13.5 L/yr - ₹16 L/yr 79% more
Star Health & Allied Insurance IT Manager Salary 3 - 10 years exp. (6 salaries)	₹15 L/yr - ₹16.5 L/yr 76% more
Bajaj Allianz Life Insurance IT Manager Salary 6 - 17 years exp. (5 salaries)	₹17.7 L/yr - ₹18.4 L/yr 105% more
HDFC Life IT Manager Salary 7 - 13 years exp. (5 salaries)	₹12.5 L/yr - ₹15 L/yr 62% more
Axis Max Life Insurance IT Manager Salary 1 - 10 years exp. (4 salaries)	₹2.7 L/yr - ₹9.6 L/yr 34% less
Bajaj Allianz General Insurance IT Manager Salary 14 - 20 years exp. (4 salaries)	₹18 L/yr - ₹26 L/yr 155% more
Reliance General Insurance IT Manager Salary 9 - 16 years exp. (4 salaries)	₹9 L/yr - ₹14.7 L/yr 47% more
Reliance Nippon Life Insurance IT Manager Salary 8 - 10 years exp. (3 salaries)	₹9.9 L/yr - ₹12.7 L/yr 26% more

View all

IT Manager salary at NBFC ranges between ₹8 Lakhs to ₹10.5 Lakhs per year for employees with experience between 20 years to 23 years. Salary estimates are based on 4 latest salaries received from various employees of NBFC.

Experience wise NBFC IT Manager salaries

Last Updated: 5 Jul 2024

Experience	Avg Annual Salary
15+ years (4 salaries)	₹8 L/yr - ₹10.5 L/yr
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Similar Designation salaries in NBFC

Deputy Manager Salary

(5 salaries)

₹4 L/yr - ₹7 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹22.5 L/yr - ₹28.7 L/yr

Team Lead Salary

(6 salaries)

₹1.8 L/yr - ₹3 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

IT Executive Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Operations Manager Salary

(4 salaries)

₹7 L/yr - ₹9.5 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹5.1 L/yr - ₹6.6 L/yr

Software Developer Salary

(AmbitionBox Estimate)

₹14.2 L/yr - ₹18.2 L/yr

System Administrator Salary

(3 salaries)

₹4.7 L/yr - ₹7 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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NBFC IT Manager Salary FAQs

What is the salary of IT Manager at NBFC ?

The average salary of a IT Manager at NBFC in India typically ranges from ₹8.0 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 20 years to 23 years).

The top 10% of IT Manager at NBFC earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. IT 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 IT Manager at NBFC in India?

The estimated take-home salary of a IT Manager at NBFC in India typically ranges from ₹63,954 to ₹65,582 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 20 years to 23 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 IT Manager in India?

First American Corporation	₹28.0 Lakhs to ₹30.0 Lakhs per year
Bajaj Allianz General Insurance	₹18.0 Lakhs to ₹26.0 Lakhs per year
Tata AIA Life Insurance	₹16.5 Lakhs to ₹24.8 Lakhs per year
Bajaj Allianz Life Insurance	₹17.7 Lakhs to ₹18.4 Lakhs per year
PNB MetLife	₹16.5 Lakhs to ₹18.3 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 IT Manager in companies similar to NBFC in India?

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

SBI Life Insurance Company	₹11.9 Lakhs to ₹20.0 Lakhs per year
Aditya Birla Health Insurance Co	₹15.0 Lakhs to ₹18.3 Lakhs per year
AXA Business Services	₹14.0 Lakhs to ₹18.0 Lakhs per year
Cholamandalam MS General Insurance	₹9.0 Lakhs to ₹23.5 Lakhs per year
Future Generali India Life Insurance	₹13.5 Lakhs to ₹16.0 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 IT Manager at NBFC in India?

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

Experience	Average Salary Range
15 years	₹8.0 Lakhs to ₹10.5 Lakhs per year

and so on.

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NBFC IT Manager Salaries

NBFC IT Manager salary in India ranges between ₹8 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 NBFC latest salaries received from various employees of NBFC.