The average pay for a Finance Manager in Mumbai, Maharashtra is Rs 1,000,056 per year. For the first five to ten years in this position, salary increases sharply, but any additional experience does not have a big effect on pay. A skill in Senior Financial Management is associated with high pay for this job. Most people move on to other jobs if they have more than 20 years' experience in this field.

Rs 422,756 - Rs 1,915,128
Rs 420K
Rs 1M
Rs 2M
MEDIAN: Rs 1,009,557
10%
50%
90%
Rs 0Rs 2M
Salary Rs 422,756 - Rs 1,915,128
Bonus Rs 20,303 - Rs 295,166
Profit Sharing Rs 0.00 - Rs 425,000
Commission Rs 0.00
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
Rs 435,875 - Rs 2,063,486
  • Country: India
  • Currency: INR
  • Updated: 20 Jan 2018
  • Individuals Reporting: 521

Job Description for Finance Manager

Finance managers develop and monitor departmental budgets. They make relevant financial forecasts for their company. They work with other managers and their staff to establish their company’s future budgets. Their department keeps track of ongoing expenses to make sure that they are not over the budget. They ask relevant managers for clarification when their departmental expenses have surpassed the established budget. They are responsible for accurate and timely reporting of various. They must take ownership of various projects and delegate them to their staff. They follow up with their staff regarding project progress.

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Finance Manager Tasks

  • Prepare informational analyses on current processes, actual performance versus budget and prior year data.
  • Assist Operations team in Monthly Operations Review.
  • Identify areas for cost reductions and operational improvements.
  • Provide analyses to Operations team.

Finance Manager Job Listings

Pay by Experience Level for Finance Manager

Pay by Experience for a Finance Manager has a positive trend. An entry-level Finance Manager with less than 5 years of experience can expect to earn an average total compensation of Rs 908,000 based on 132 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Finance Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of Rs 1,218,000 based on 116 salaries. An experienced Finance Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of Rs 1,278,000 based on 58 salaries. A Finance Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of Rs 1,302,000 based on 8 salaries.

Key Stats for Finance Manager

Gender

Female
24 %
Male
76 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.
Less than 1 year
7%
1-4 years
31%
5-9 years
37%
10-19 years
22%
20 years or more
3%

Experience Affects Finance Manager Salaries

Late-Career
▲21%

▲19%

▲13%

National Average
Rs 1,076,000

▼16%

Skills That Affect Finance Manager Salaries


▲6%




National Average
Rs 1,076,000

▼1%







Windows Operating System General Use
▼29%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

Less than 1 year
7%
1-4 years
31%
5-9 years
37%
10-19 years
22%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 68%
dental benefits
Dental: 9%
vision benefits
Vision: 6%
no benefits
None: 32%