Empower Your Financial Career with the Mahindra Finance Prarambh Programme

Are you a graduate eager to build a thriving career in the financial services sector? The Mahindra Finance Prarambh Programme, in partnership with Manipal Academy of BFSI, is a transformative 12-month residential initiative designed to shape young talent into skilled professionals. This programme offers a clear pathway to a rewarding role as an Assistant Manager at Mahindra Finance, one of India’s leading non-banking financial companies (NBFCs), with a starting salary of INR 4.8 Lakhs per annum. Tailored to promote diversity and inclusion, particularly for women, the Prarambh Programme is your gateway to a fulfilling career in finance. Here’s everything you need to know about this exciting opportunity.

Programme Overview

The Mahindra Finance Prarambh Programme is a specialized Post Graduate Certification in Financial Services aimed at graduates who aspire to excel in the financial industry. This 12-month programme combines three months of on-campus training, four months of on-the-job training (OJT), and five months of internship, ensuring participants are job-ready upon completion. Successful candidates secure a full-time role as an Assistant Manager in sales at Mahindra Finance, contributing to the company’s mission of simplifying finance for rural and semi-urban India.

Key Highlights

• Job Role: Assistant Manager (Sales)
• Salary: INR 4.8 Lakhs per annum (including performance-based incentives, loan benefits, and retirals like PF and Gratuity)
• Job Type: Full-time (with a potential 60-year career at Mahindra Finance)
• Duration: 12 months (3 months on-campus, 4 months OJT, 5 months internship)
• Course Fee: INR 2,70,000 + taxes (loan facility available, non-refundable)
• Campus Benefits: Lodging, food, programme-specific dress, a tablet for learning, and study materials

Training Structure and Stipend

The Prarambh Programme is designed to provide a seamless blend of theoretical knowledge, practical training, and real-world experience, preparing you for a successful career in financial services.

1. On-Campus Training (3 months)
   • Description: Three months of residential training at Manipal Academy of BFSI, delivered by industry experts. The curriculum focuses on financial products, sales techniques, customer engagement, and business development, with an emphasis on experiential learning.
   • Stipend: INR 5,000 per month
   • Benefits: Includes lodging, food, a programme-specific dress, a tablet for digital learning, and comprehensive study materials, creating an immersive learning environment.
2. On-the-Job Training (OJT) (4 months)
   • Description: Four months of hands-on training at a Mahindra Finance branch, where you’ll apply your skills in real-world scenarios, such as customer interactions, loan processing, and sales strategies.
   • Stipend: Full salary as per the CTC of INR 4.8 Lakhs per annum (approximately INR 40,000 per month, inclusive of benefits).
3. Internship (5 months)
   • Description: A five-month internship at a Mahindra Finance branch, where you’ll take on responsibilities like selling financial products, managing customer relationships, and achieving business targets. This phase prepares you for your permanent role.
   • Stipend: Full salary as per the CTC of INR 4.8 Lakhs per annum (approximately INR 40,000 per month, inclusive of benefits).

Total Earnings: Participants earn a stipend of INR 15,000 (3 months x INR 5,000) during campus training and a full salary during the 9 months of OJT and internship, aligning with the annual CTC of INR 4.8 Lakhs. The course fee of INR 2,70,000 + taxes is non-refundable, but a loan facility is available to support candidates financially.

Eligibility Criteria

The Prarambh Programme is open to ambitious graduates who meet the following requirements:

• Age: 20–35 years
• Gender: Open to both male and female candidates (with a special focus on empowering women)
• Qualification: Bachelor’s degree in any stream with a minimum of 50% marks in 10th, 12th, and graduation
• Additional Notes: Candidates awaiting final year results are not eligible. Proficiency in English and the local language is preferred. Candidates with relatives employed at Mahindra Finance are subject to the company’s relative hiring policy.

Course Fee and Financial Support

The programme requires a course fee of INR 2,70,000 + applicable taxes, payable to Manipal Academy of BFSI. This fee covers training, accommodation, food, a tablet, study materials, and programme-specific dress. While the fee is non-refundable, Mahindra Finance offers a loan facility to cover the cost, with EMIs starting six months after joining the company. The stipend and salary earned during the programme help ease the financial investment, making it accessible for aspiring professionals.

Selection Process

The journey to joining Mahindra Finance through the Prarambh Programme involves a structured selection process:

1. Application: Complete the online application form on the official programme portal (mahindrafinance.manipalbfsi.com) and pay the application fee of INR 100.
2. Assessment: Clear a Level 1 written test covering Verbal Ability, Analytical Ability, Numerical Ability, Written English, and Listening Comprehension.
3. Interview: Attend a Level 2 online panel interview with representatives from Manipal Academy and Mahindra Finance.
4. Provisional Offer Letter: Receive a provisional offer letter upon selection, confirming employment subject to programme completion.
5. Training: Pay 50% of the course fee to book your seat, complete the 12-month training, and clear all assessments.
6. Join Mahindra Finance: Secure a guaranteed role as an Assistant Manager in a sales position.

Successful completion of all programme stages, including assessments and certifications, is mandatory to join Mahindra Finance as a confirmed employee.

Why Choose the Mahindra Finance Prarambh Programme?

1. Guaranteed Job: Upon successful completion, you’ll join Mahindra Finance as an Assistant Manager with a CTC of INR 4.8 Lakhs per annum, including incentives and benefits.
2. Industry-Recognized Certification: Earn a Post Graduate Certification in Financial Services from Manipal Academy of BFSI, enhancing your resume.
3. Comprehensive Support: Enjoy campus benefits like lodging, food, and a tablet, plus a loan facility to cover the course fee.
4. Diversity and Inclusion: The programme prioritizes women candidates, fostering an equitable workplace with benefits like maternity policies and wellness initiatives.
5. Career Growth: Mahindra Finance’s extensive network of 1,386 branches and focus on employee development offer ample opportunities for advancement.

Success Stories

Participants of the Prarambh Programme have shared inspiring journeys:

• “The Prarambh Programme empowered me to break into the financial sector. The training and mentorship were game-changers!” – Programme Alumnus
• “As a woman in finance, I felt supported every step of the way. The programme gave me the skills and confidence to succeed.” – Priyanka, Mahindra Finance Employee

Is This Programme Right for You?

The Mahindra Finance Prarambh Programme is ideal for graduates aged 20–35 who are passionate about a career in financial services and want to work with a trusted NBFC. It’s perfect for those who:

• Hold a bachelor’s degree with at least 50% marks.
• Are eager to develop sales and customer engagement skills.
• Want a guaranteed job with a leading financial institution.
• Are open to working in rural and semi-urban areas across India.

Note: Final placement locations depend on Mahindra Finance’s business needs, and preferences for specific locations are not guaranteed. Employees must serve at least two years in their assigned role before being eligible for a transfer.

How to Apply

Ready to kickstart your career? Visit mahindrafinance.manipalbfsi.com to register. Complete the online application, pay the INR 100 application fee, and prepare for the assessments and interview. For more details, check www.mahindrafinance.com/careers/partnerships or contact the programme’s support team.

Conclusion

The Mahindra Finance Prarambh Programme is a launchpad for a rewarding career in financial services, offering a unique blend of training, certification, and a guaranteed job with Mahindra Finance. With a competitive salary, comprehensive campus benefits, and a focus on diversity, this programme empowers you to achieve your potential while contributing to India’s financial inclusion mission. Don’t miss this opportunity to join a leading NBFC and build a future filled with growth and impact.

Note: All payments, including stipends and salaries, are subject to prevailing tax laws and statutory deductions. The course fee is non-refundable, and candidates must verify eligibility and programme details before applying.