Synchrony Collection Associate Salaries by 5 Employees (Updated 2024)

0 - 12 years exp.

₹4 Lakhs - ₹4.9 Lakhs

Low Confidence

Salary of majority employees

46% more than the average Collection Associate Salary in Financial Services Companies for 0 - 12 years of experience

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Last Updated: 17 Oct 2024

Companies similar to Synchrony for Collection Associate

Company name	Avg Annual Salary	Open Jobs
HSBC Group Collection Associate Salary 2 - 5 years exp. (6 salaries)	₹2.1 L/yr - ₹5.8 L/yr 8% less
JPMorgan Chase & Co. Collection Associate Salary 2 - 22 years exp. (3 salaries)	₹5 L/yr - ₹10 L/yr 49% more
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HDB Financial Services Collection Associate Salary 0 - 12 years exp. (332 salaries)	₹1.7 L/yr - ₹4.2 L/yr 32% less	2 job openings
Vivifi India Finance Collection Associate Salary 0 - 3 years exp. (154 salaries)	₹2.2 L/yr - ₹3.7 L/yr 35% less
DCB Bank Collection Associate Salary 3 - 8 years exp. (49 salaries)	₹2.2 L/yr - ₹4.1 L/yr 27% less

Collection Associate salary at Synchrony ranges between ₹4 Lakhs to ₹4.9 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Synchrony.

Experience wise Synchrony Collection Associate salaries

Last Updated: 17 Oct 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4 L/yr - ₹7.3 L/yr
1 year (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
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2 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.5 L/yr
3 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.2 L/yr
7 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
8 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
9 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
10 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.8 L/yr
11 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
12 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹4.8 L/yr

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Salary related reviews for Synchrony

5.0

Rated by 1 employees for salary & benefits

Process Developer in Hyderabad / Secunderabad

Customer Success, Service & Operations Department

3.0

• posted on 10 Feb 2019

3.0

for Salary and Benefits

Likes

Leadership team shows the concern on Employess issues n problem. Business structure for customers is good but not for employees. Synchrony is a company who always support equal opportunity to PDN n women to achieve their professional goals in their life.

Dislikes

Growth structure in terms of less designation opening in IJP's . Outsiders get better salary but person who given years n years religiously to company hardly get satisfactory hike in pay.

Senior Analyst in Hyderabad / Secunderabad

Analytics Department

4.0

• posted on 08 Jun 2021

2.0

for Salary and Benefits

Likes

As for me I got to work in good teams. I was part of Analytics dept. And worked for 4 yrs approximately. Quality of work was good when I joined as part of GE Capital Retail Finance but after it became Synchrony lot of changes happened and work quality was impacted. Job security, free transport,work from home, team outings were some of the good things.

Dislikes

Cafeteria sucks, management biased towards South Indian people. Salary not par with market for same experience bucket. Growth opportunity is not so good

Customer Solution Representative 2 in Hyderabad / Secunderabad

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 18 Apr 2023

3.0

for Salary and Benefits

Likes

Synchrony provides the best environment for a fresher to start their career. They also provide all facilities for their employees and take great consideration for their benefit.

Dislikes

The salary, as they don't provide incentives or bonuses for employees who would do well compared to others

Senior Customer Service Representative in Hyderabad / Secunderabad

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 28 Sep 2022

4.0

for Salary and Benefits

Likes

Synchrony financials is a great place to work . I have worked with the most kind and professional team . Mentors are very supportive. Synchrony cares about thier employees That's what it makes the company a great place to work.

Dislikes

Unseen Politics . Leave policies Salary hike

Senior Quality Analyst in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

4.0

• posted on 08 Mar 2022

1.0

for Salary and Benefits

Likes

Very less pay. You are forced to take calls even you move into other role. Pay is very very less. You can expect hike only upto 6% even you are excellant performer. Leaves are a big headache. You will have sufficient leave balance but no slots as usual to get approved. Pay is very very less across. You will get gifts quaterly and other occasions which they say that they are doing so much for employees. If pay slab is increased people will come forward to work and people will refer others.

Dislikes

Pay is very less. Only 3k per month hike you get every year. Hardly 30to 32k increase you get as yearly hike.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Synchrony Collection Associate Salary FAQs

What is the salary of Collection Associate at Synchrony?

Collection Associate salary at Synchrony in India ranges between ₹4.0 Lakhs to ₹4.9 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 46% more than the average Collection Associate Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Synchrony India.

How does the salary of a Collection Associate at Synchrony India compare with the average salary range for this job?

The average salary of a Collection Associate at Synchrony is 46% more than the average salary of a Collection Associate in India. To know exact salary insights, login to view.

Which similar companies are paying more than Synchrony to a Collection Associate in India?

JPMorgan Chase & Co. Collection Associate Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year

What is the salary of a Collection Associate in companies similar to Synchrony in India?

HSBC Group Collection Associate Salary - ₹2.1 Lakhs to ₹5.8 Lakhs per year
DCB Bank Collection Associate Salary - ₹2.2 Lakhs to ₹4.1 Lakhs per year
HDB Financial Services Collection Associate Salary - ₹1.7 Lakhs to ₹4.2 Lakhs per year
Vivifi India Finance Collection Associate Salary - ₹2.2 Lakhs to ₹3.7 Lakhs per year

What is the estimated take home salary of a Collection Associate at Synchrony in India?

The estimated take-home salary of a Collection Associate at Synchrony ranges between ₹33,409 per month to ₹34,672 per month in India. The take-home salary calculation is based on the average Synchrony Collection Associate salary in India which ranges between ₹4.0 Lakhs to ₹4.9 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?

What is the notice period for Collection Associate at Synchrony?

According to AmbitionBox, 75% of the Synchrony Collection Associates reported a notice period of 1 Month, 25% reported a notice period of 15 days or less.This is based on 4 responses on AmbitionBox in last 2 years.

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Synchrony Collection Associate Salaries

Synchrony Collection Associate salary in India ranges between ₹4 Lakhs to ₹4.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Synchrony latest salaries received from various employees of Synchrony.