NBFC Relationship Manager Salaries by 10 Employees

2 - 6 years exp.

₹2.3 Lakhs - ₹5 Lakhs

Salary of majority employees

33% less than the average Relationship Manager Salary in Insurance Companies for 2 - 6 years of experience

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Salaries in different departments

Sales & Business Development Relationship Manager Salary 4 - 5 years exp. (4 salaries)	₹2.9 L/yr - ₹5 L/yr
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Finance & Accounting Relationship Manager Salary 3 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹3.7 L/yr

Last Updated: 24 Mar 2024

Companies similar to NBFC for Relationship Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Relationship Manager Salary 0 - 12 years exp. (1.2k salaries)	₹2.1 L/yr - ₹4.7 L/yr 9% more	150 job openings
Tata AIA Life Insurance Relationship Manager Salary 0 - 10 years exp. (1.1k salaries)	₹1.8 L/yr - ₹5.6 L/yr 19% more	71 job openings
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Tata AIG Relationship Manager Salary 0 - 12 years exp. (869 salaries)	₹2.2 L/yr - ₹7.5 L/yr 40% more	18 job openings
Bajaj Allianz Life Insurance Relationship Manager Salary 0 - 10 years exp. (761 salaries)	₹1.6 L/yr - ₹5 L/yr At par	24 job openings
Niva Bupa Health Insurance Company Relationship Manager Salary 0 - 10 years exp. (558 salaries)	₹1.9 L/yr - ₹4.7 L/yr 8% more	2 job openings
HDFC Life Relationship Manager Salary 0 - 8 years exp. (560 salaries)	₹1.7 L/yr - ₹5 L/yr 4% more	2 job openings
Star Union Dai-ichi Life Insurance Relationship Manager Salary 0 - 10 years exp. (546 salaries)	₹2.2 L/yr - ₹5.2 L/yr 16% more	8 job openings
Axis Max Life Insurance Relationship Manager Salary 0 - 10 years exp. (499 salaries)	₹1.1 L/yr - ₹7 L/yr 38% more	5 job openings
ICICI Prudential Life Insurance Relationship Manager Salary 0 - 7 years exp. (339 salaries)	₹1.9 L/yr - ₹7 L/yr 33% more
ICICI Lombard General Insurance Company Relationship Manager Salary 0 - 12 years exp. (327 salaries)	₹2.3 L/yr - ₹8.6 L/yr 37% more	2 job openings

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Relationship Manager salary at NBFC ranges between ₹2.3 Lakhs to ₹5 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 10 latest salaries received from various employees of NBFC.

Experience wise NBFC Relationship Manager salaries

Last Updated: 24 Mar 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.7 L/yr
3 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.9 L/yr
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4 years (3 salaries)	₹2.9 L/yr - ₹6.1 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.4 L/yr

From

Relationship Manager

2 - 6 years exp.

Branch Manager

3 - 14 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in NBFC

Relationship Officer Salary

(3 salaries)

₹1.1 L/yr - ₹3 L/yr

Branch Manager Salary

(18 salaries)

₹2.6 L/yr - ₹7 L/yr

Deputy Manager Salary

(5 salaries)

₹4 L/yr - ₹7 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

₹3.3 L/yr - ₹4.3 L/yr

Sales Manager Salary

(9 salaries)

₹2.05 L/yr - ₹6 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹5.8 L/yr - ₹7.4 L/yr

Area Manager Salary

(7 salaries)

₹5.4 L/yr - ₹12.6 L/yr

Branch Sales Manager Salary

(4 salaries)

₹3 L/yr - ₹6.7 L/yr

Territory Sales Manager Salary

(4 salaries)

₹6 L/yr - ₹6.5 L/yr

Assistant Sales Manager Salary

(5 salaries)

₹3.3 L/yr - ₹5 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

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Salary Discussions, Hike & Promotions

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 Relationship Manager Salary FAQs

What is the salary of Relationship Manager at NBFC ?

The average salary of a Relationship Manager at NBFC in India typically ranges from ₹2.3 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Relationship Manager at NBFC earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Relationship 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 10 NBFC employees in India.

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

The estimated take-home salary of a Relationship Manager at NBFC in India typically ranges from ₹24,472 to ₹25,918 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 2 years to 6 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 10 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 Relationship Manager in India?

Tata AIG	₹2.2 Lakhs to ₹7.5 Lakhs per year
Aditya Birla Health Insurance Co	₹2.1 Lakhs to ₹8.5 Lakhs per year
Axis Max Life Insurance	₹1.1 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company	₹2.3 Lakhs to ₹8.6 Lakhs per year
ICICI Prudential Life Insurance	₹1.9 Lakhs to ₹7.0 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 Relationship Manager in companies similar to NBFC in India?

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

Reliance General Insurance	₹1.8 Lakhs to ₹6.2 Lakhs per year
SBI Life Insurance Company	₹2.5 Lakhs to ₹6.0 Lakhs per year
Tata AIA Life Insurance	₹1.8 Lakhs to ₹5.6 Lakhs per year
Bharti AXA Life Insurance	₹2.3 Lakhs to ₹5.4 Lakhs per year
Cholamandalam MS General Insurance	₹2.1 Lakhs to ₹6.0 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 Relationship Manager at NBFC in India?

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

Experience	Average Salary Range
2 years	₹2.3 Lakhs to ₹5.7 Lakhs per year
3 years	₹2.3 Lakhs to ₹5.9 Lakhs per year
4 years	₹2.9 Lakhs to ₹6.1 Lakhs per year
5 years	₹3.4 Lakhs to ₹5.0 Lakhs per year

and so on.

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NBFC Relationship Manager Salaries

NBFC Relationship Manager salary in India ranges between ₹2.3 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 NBFC latest salaries received from various employees of NBFC.