Mahindra Finance Bhopal Cluster Manager Salaries by 4 Employees

8 - 11 years exp.

₹10 Lakhs - ₹13.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

Cluster Manager Salary at Mahindra Finance ranges between ₹10 Lakhs to ₹13.5 Lakhs per year for employees with experience between 8 years to 11 years. Salary estimates are based on 4 latest salaries received from... Read more

7% less than the average Cluster Manager Salary in NBFC Companies for 8 - 11 years of experience

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Last Updated: 13 Sep 2023

Companies similar to Mahindra Finance for Cluster Manager in Bhopal

Mahindra Finance Cluster Manager Salary

8 - 11 years exp. (4 salaries)

₹10 L/yr - ₹13.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Kogta Financial India Limited Cluster Manager Salary 6 - 12 years exp. (9 salaries)	₹3.8 L/yr - ₹8.5 L/yr 34% less
Spandana Sphoorty Financial Cluster Manager Salary 0 - 8 years exp. (4 salaries)	₹4.8 L/yr - ₹6.2 L/yr 45% less
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SK Finance Limited Cluster Manager Salary 10 - 15 years exp. (4 salaries)	₹5.8 L/yr - ₹12 L/yr 4% less

IDFC FIRST Bank Cluster Manager Salary 9 - 15 years exp. (11 salaries)	₹9 L/yr - ₹23 L/yr 37% more
XpressBees Cluster Manager Salary 5 - 10 years exp. (6 salaries)	₹4.2 L/yr - ₹5 L/yr 57% less

Mahindra Finance Cluster Manager salaries by

Years of experience	Avg. annual salary
8 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
9 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.7 L/yr
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10 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.8 L/yr
11 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr

Similar Designation Salaries at Mahindra Finance

Similar Designation	Avg. annual salary
Deputy Manager Salary (6 salaries)	₹5.3 L/yr - ₹9 L/yr
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Relationship Manager Salary (4 salaries)	₹3 L/yr - ₹5.5 L/yr

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a senior executive

GF salary Vs. My salary

Me and my gf have been dating for 5 years. Back in 2020, I started my career with a package of ₹5 LPA. Over the years, I’ve reached ₹22 LPA in 2025. She started her journey with ₹3 LPA(2020) and is now earning ₹8 LPA(2025). We’ve been in a live-in relationship for around 2 years, and the idea was to share expenses equally. But, equal sharing never really happened. If we go to a café she likes, especially with friends, I will pay the entire bill. We only split the house rent and grocery bills. I told her lots of time to cut down these costly cafe expenses or earn more money, increase your package, study and work hard, but.....she is now in her comfort zone. Being from a tech background, I have seen people upgrade their skills and package for a good life in metro cities. I am ready to support her in her studies, but she is like I am earning enough for myself.... No, you are not. I love her, but I don't know how to overcome this issue between us. Please suggest!

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Salary related reviews for Mahindra Finance

Sales Executive in Salem

Full Time

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2.0

• updated on 02 Mar 2025

1.0

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Can learn everything thing

Skill development - Good

Dislikes

They will never promote genuine employee never give a pay rise no bonus no grade change like a slave You can work there for 5+ years with the same salary even your managers will not support you for promotions and salary hike

Salary - Bad

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Area Business Manager in Hyderabad / Secunderabad

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No hybrid work culture, no work life balance (depends on your manager), as per policy only 3rd Saturday off but that too company can withdraw it at any moment. Incentive policies are critical to achieve RBMIs. Every month is March closing. Every month last Sunday is normal working day.

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Work Life Balance no time for family or personal Timing for morning and no timing for working at night Extra works on holiday or off day IT system related issues High demands with Lowest System support

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+2 more

Deputy Manager in Mumbai

Full Time

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5.0

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...nt is preety good here. Ambience, work desk , cafeteria everything is top notch. Even the salary gets credited 2-3 days before the month ends.

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Mahindra Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Mahindra Finance in Bhopal?

The average salary of a Cluster Manager at Mahindra Finance in Bhopal typically ranges from ₹10.0 Lakhs to ₹13.5 Lakhs per year, depending on experience (from 8 years to 11 years).

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

What is the estimated take home salary of a Cluster Manager at Mahindra Finance in Bhopal?

The estimated take-home salary of a Cluster Manager at Mahindra Finance in Bhopal typically ranges from ₹77,358 to ₹79,366 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹13.5 Lakhs per year for employees with experience ranging from 8 years to 11 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 Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Cluster Manager at Mahindra Finance in Bhopal?

To be a Cluster Manager at Mahindra Finance in Bhopal, the key skills required include:

- Team Handling
- Problem Solving
- Leadership Skills
- Time Management
- Resource management

These skills are highly valued at Mahindra Finance and are crucial for successful performance in a Software Engineering role.

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

IDFC FIRST Bank

₹9.0 Lakhs to ₹23.0 Lakhs per year

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

What is the salary of a Cluster Manager in companies similar to Mahindra Finance in Bhopal?

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

SK Finance Limited	₹5.8 Lakhs to ₹12.0 Lakhs per year
Kogta Financial India Limited	₹3.8 Lakhs to ₹8.5 Lakhs per year
Spandana Sphoorty Financial	₹4.8 Lakhs to ₹6.2 Lakhs per year
XpressBees	₹4.2 Lakhs to ₹5.0 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 Cluster Manager at Mahindra Finance in Bhopal?

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

Experience	Average Salary Range
8 years	₹9.0 Lakhs to ₹11.5 Lakhs per year
9 years	₹9.1 Lakhs to ₹11.7 Lakhs per year
10 years	₹9.3 Lakhs to ₹11.8 Lakhs per year
11 years	₹9.4 Lakhs to ₹12.0 Lakhs per year

and so on.

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Mahindra Finance Cluster Manager Salaries in Bhopal

Mahindra Finance Cluster Manager salary in Bhopal ranges between ₹10 Lakhs to ₹13.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.