Schaeffler India Finance Manager Salaries by 4 Employees

9 - 12 years exp.

₹11.1 Lakhs - ₹13.5 Lakhs

Low Confidence

Salary of majority employees

31% less than the average Finance Manager Salary in Auto Components Companies for 9 - 12 years of experience

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Last Updated: 12 Mar 2023

Companies similar to Schaeffler India for Finance Manager

Company name	Avg Annual Salary	Open Jobs
Bosch Finance Manager Salary 9 - 12 years exp. (7 salaries)	₹21 L/yr - ₹30 L/yr 134% more
Siemens Finance Manager Salary 4 - 15 years exp. (24 salaries)	₹10.2 L/yr - ₹25 L/yr 45% more
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ABB Finance Manager Salary 5 - 21 years exp. (14 salaries)	₹13.5 L/yr - ₹33.7 L/yr 75% more
Eaton Corporation Finance Manager Salary 15 - 22 years exp. (8 salaries)	₹26.7 L/yr - ₹62.3 L/yr 291% more
Honeywell Automation Finance Manager Salary 8 - 20 years exp. (17 salaries)	₹29 L/yr - ₹52.3 L/yr 293% more
Emerson Electric Co. Finance Manager Salary 12 - 14 years exp. (3 salaries)	₹25 L/yr - ₹93 L/yr 374% more
Johnson Controls Finance Manager Salary 8 - 15 years exp. (31 salaries)	₹10.3 L/yr - ₹21.5 L/yr 28% more
Cummins Finance Manager Salary 4 - 13 years exp. (13 salaries)	₹4.2 L/yr - ₹12.7 L/yr 24% less
JBM Group Finance Manager Salary 10 - 17 years exp. (10 salaries)	₹12.6 L/yr - ₹27.4 L/yr 50% more
Bharat Forge Finance Manager Salary 8 - 22 years exp. (4 salaries)	₹13 L/yr - ₹16 L/yr 20% more
Samvardhana Motherson Group Finance Manager Salary 4 - 11 years exp. (8 salaries)	₹15 L/yr - ₹22.5 L/yr 63% more
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Tenneco Finance Manager Salary 6 - 12 years exp. (5 salaries)	₹10.2 L/yr - ₹18 L/yr 20% more
TVS Sundram Fasteners Finance Manager Salary 7 - 14 years exp. (6 salaries)	₹8.6 L/yr - ₹30.1 L/yr 52% more
MAHLE ANAND Filter Systems Finance Manager Salary 11 - 14 years exp. (5 salaries)	₹14 L/yr - ₹15.6 L/yr 21% more
Continental Automotive Components Finance Manager Salary 6 - 10 years exp. (4 salaries)	₹16 L/yr - ₹30 L/yr 76% more
Mando Automotive Finance Manager Salary 4 - 24 years exp. (4 salaries)	₹12.8 L/yr - ₹15.1 L/yr 20% more
Magna International Finance Manager Salary 6 - 11 years exp. (4 salaries)	₹20 L/yr - ₹29 L/yr 93% more
Tata AutoComp Systems Finance Manager Salary 7 - 13 years exp. (4 salaries)	₹16 L/yr - ₹24.9 L/yr 76% more
Lumax Industries Finance Manager Salary 7 - 12 years exp. (3 salaries)	₹9.1 L/yr - ₹20 L/yr 34% more
Continental Finance Manager Salary 3 - 15 years exp. (3 salaries)	₹14.6 L/yr - ₹16 L/yr 27% more

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Finance Manager salary at Schaeffler India ranges between ₹11.1 Lakhs to ₹13.5 Lakhs per year for employees with experience between 9 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Schaeffler India.

Experience wise Schaeffler India Finance Manager salaries

Last Updated: 12 Mar 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹11.1 L/yr
10 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹20.4 L/yr
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11 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹21.7 L/yr
12 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹13.5 L/yr

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Salary related reviews for Schaeffler India

Deputy Manager in Hosur

Research & Development Department

3.0

• posted on 31 Oct 2020

3.0

for Salary and Benefits

Likes

Company is fully personal relationship oriented. During Covid-19 there was pay cut through pain sharing method (personal leave deducted) and work from home option was given for possible employees. HR decision were taken from central HR team. Apprisal for the previous year was cut and can't expect for this year also.

Job security - Good

Dislikes

Company culture would have been more process oriented and not person dependent. Trying to be flexible to customer demand Skipping the development process and squeezing the Internal team is Not good and it largely affects the work life balance and employees relationship.

Skill development - Poor

+2 more

Production Engineer in Vadodara

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 23 Oct 2024

5.0

for Salary and Benefits

Likes

Only salary and benefits are good

Salary - Excellent

+1 more

Dislikes

Hopeless working culture. People having 15+ yrs of experience with 0 knowledge. And have Ego on the 7th floor. Diploma holders became manager by favouritism and do micro management. No planning only fire fighting. These all things are only applicable for Savli plant. In general schaeffler is Excellent organisation.

Skill development - Poor

+4 more

Senior Engineer in Pune

Full Time

Engineering - Software & QA Department

4.0

• posted on 17 Oct 2024

4.0

for Salary and Benefits

Likes

Technical Exposure is good here . Good Training provided to new joiners . Salary is competitive wrt teir 1 automotive companies.

Salary - Good

+4 more

Dislikes

Management is never in the favour of WFH . Some employees are hired at good positions , although they don`t seem to deserve it . HR department is useless , un-responsive and careless .

Quality Manager in Vadodara

Full Time

Quality Assurance Department

2.0

• posted on 16 Oct 2024

3.0

for Salary and Benefits

Likes

Salary and job security is good

Job security - Good

Dislikes

Poor culture. Politics runs throughout the structure, no inclusivity for people from outside. Most of people managers would not let others go ahead. The culture is built so that the company and people are the last priority.

Skill development - Poor

+2 more

Senior Manager in Pune

Full Time

Key Accounts Department

4.0

• posted on 29 Oct 2022

2.0

for Salary and Benefits

Likes

Work culture, work life balance, better opportunities inside organisation for job change, new policies under experimental basis like hybrid working permantly, job rotation. Supportive and approachable senior management, worked with Schaeffler Hosur location business customer centric team

Skill development - Excellent

+5 more

Dislikes

Poor growth plan for middle management, inequality in responsibility/work vs compensation.

Salary - Poor

see more salary related reviews

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Schaeffler India Finance Manager Salary FAQs

What is the salary of Finance Manager at Schaeffler India ?

The average salary of a Finance Manager at Schaeffler India in India typically ranges from ₹11.1 Lakhs to ₹13.5 Lakhs per year, depending on experience (from 9 years to 12 years).

The top 10% of Finance Manager at Schaeffler India earn more than ₹13.5 Lakhs per year, and the top 1% earn over ₹13.5 Lakhs per year. Finance Manager Salaries at Schaeffler India 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 Schaeffler India employees in India.

What is the estimated take home salary of a Finance Manager at Schaeffler India in India?

The estimated take-home salary of a Finance Manager at Schaeffler India in India typically ranges from ₹84,150 to ₹86,350 per month. This is based on the average salary range of ₹11.1 Lakhs to ₹13.5 Lakhs per year for employees with experience ranging from 9 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 Schaeffler India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Schaeffler India for Finance Manager in India?

Emerson Electric Co.	₹25.0 Lakhs to ₹93.0 Lakhs per year
Honeywell Automation	₹29.0 Lakhs to ₹52.3 Lakhs per year
Eaton Corporation	₹26.7 Lakhs to ₹62.3 Lakhs per year
Bosch	₹21.0 Lakhs to ₹30.0 Lakhs per year
Magna International	₹20.0 Lakhs to ₹29.0 Lakhs per year

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

What is the salary of a Finance Manager in companies similar to Schaeffler India in India?

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

Continental Automotive Components	₹16.0 Lakhs to ₹30.0 Lakhs per year
Tata AutoComp Systems	₹16.0 Lakhs to ₹24.9 Lakhs per year
ABB	₹13.5 Lakhs to ₹33.7 Lakhs per year
Samvardhana Motherson Group	₹15.0 Lakhs to ₹22.5 Lakhs per year
TVS Sundram Fasteners	₹8.6 Lakhs to ₹30.1 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 Finance Manager at Schaeffler India in India?

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

Experience	Average Salary Range
9 years	₹11.1 Lakhs to ₹11.1 Lakhs per year
10 years	₹11.1 Lakhs to ₹20.4 Lakhs per year
11 years	₹11.1 Lakhs to ₹21.7 Lakhs per year
12 years	₹5.1 Lakhs to ₹13.5 Lakhs per year

and so on.

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Schaeffler India Finance Manager Salaries

Schaeffler India Finance Manager salary in India ranges between ₹11.1 Lakhs to ₹13.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Schaeffler India latest salaries received from various employees of Schaeffler India.