IIFL Finance Cluster Manager Salaries by 10+ Employees (Updated 2024)

3 - 16 years exp.

₹4 Lakhs - ₹9.5 Lakhs

Salary of majority employees

35% less than the average Cluster Manager Salary in NBFC Companies for 3 - 16 years of experience

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Salaries in different departments

Sales & Business Development Cluster Manager Salary 3 - 16 years exp. (5 salaries)	₹4 L/yr - ₹9.5 L/yr
BFSI, Investments & Trading Cluster Manager Salary 4 - 6 years exp. (4 salaries)	₹4.2 L/yr - ₹6.5 L/yr
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Customer Success, Service & Operations Cluster Manager Salary 12 - 15 years exp. (3 salaries)	₹6.3 L/yr - ₹6.5 L/yr
Finance & Accounting Cluster Manager Salary 10 - 12 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹7 L/yr

Last Updated: 21 Sep 2024

Companies similar to IIFL Finance for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Securities Cluster Manager Salary 10 - 25 years exp. (6 salaries)	₹10 L/yr - ₹16.8 L/yr 115% more
Kotak Securities Cluster Manager Salary 5 - 11 years exp. (45 salaries)	₹3.8 L/yr - ₹7.3 L/yr 2% less
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ICICI Securities Cluster Manager Salary 3 - 16 years exp. (13 salaries)	₹8.5 L/yr - ₹12.6 L/yr 106% more
Angel One Cluster Manager Salary 5 - 17 years exp. (5 salaries)	₹5 L/yr - ₹11 L/yr 38% more
Motilal Oswal Financial Services Cluster Manager Salary 7 - 17 years exp. (31 salaries)	₹6.4 L/yr - ₹16.5 L/yr 71% more	1 job opening
Edelweiss Cluster Manager Salary 11 - 14 years exp. (4 salaries)	₹16 L/yr - ₹17.1 L/yr 182% more
Axis Direct Cluster Manager Salary 0 - 10 years exp. (317 salaries)	₹2.5 L/yr - ₹5.7 L/yr 35% less
Karvy Stock Broking Cluster Manager Salary 9 - 15 years exp. (3 salaries)	₹6 L/yr - ₹7.5 L/yr 24% more
Bajaj Finance Cluster Manager Salary 5 - 16 years exp. (277 salaries)	₹8 L/yr - ₹28.5 L/yr 215% more
HDB Financial Services Cluster Manager Salary 13 - 23 years exp. (224 salaries)	₹9.5 L/yr - ₹26 L/yr 202% more	5 job openings
Muthoot Finance Cluster Manager Salary 8 - 20 years exp. (138 salaries)	₹4 L/yr - ₹10.6 L/yr 17% more	1 job opening
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SMFG India Credit Cluster Manager Salary 8 - 19 years exp. (81 salaries)	₹5 L/yr - ₹20.9 L/yr 99% more
Bharat Financial Inclusion Cluster Manager Salary 0 - 9 years exp. (60 salaries)	₹5.3 L/yr - ₹8.4 L/yr 15% more
Piramal Capital Housing Finance Cluster Manager Salary 9 - 19 years exp. (60 salaries)	₹8.4 L/yr - ₹21 L/yr 139% more
Mahindra Finance Cluster Manager Salary 8 - 16 years exp. (33 salaries)	₹5 L/yr - ₹16 L/yr 62% more
IDFC FIRST Bharat Cluster Manager Salary 6 - 15 years exp. (31 salaries)	₹4.2 L/yr - ₹13.3 L/yr 51% more
Tata Capital Cluster Manager Salary 5 - 16 years exp. (24 salaries)	₹7.5 L/yr - ₹15.7 L/yr 111% more	2 job openings
Home Credit Finance Cluster Manager Salary 6 - 15 years exp. (18 salaries)	₹4.1 L/yr - ₹9 L/yr 4% more	1 job opening
Annapurna Finance Cluster Manager Salary 4 - 13 years exp. (14 salaries)	₹5 L/yr - ₹10 L/yr 29% more
Muthoot Fincorp Cluster Manager Salary 10 - 14 years exp. (10 salaries)	₹5.2 L/yr - ₹10.5 L/yr 6% more	1 job opening

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Cluster Manager salary at IIFL Finance ranges between ₹4 Lakhs to ₹9.5 Lakhs per year for employees with experience between 3 years to 16 years. Salary estimates are based on 16 latest salaries received from various employees of IIFL Finance.

Experience wise IIFL Finance Cluster Manager salaries

Last Updated: 21 Sep 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.2 L/yr
4 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.5 L/yr
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5 years (AmbitionBox Estimate)	₹4 L/yr - ₹10.4 L/yr
6 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.5 L/yr
7 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.7 L/yr
8 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6 L/yr
9 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
10 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7 L/yr
11 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
12 years (AmbitionBox Estimate)	₹6 L/yr - ₹6.3 L/yr
13 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹11.1 L/yr
14 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.5 L/yr
15+ years (AmbitionBox Estimate)	₹2.5 L/yr - ₹9.5 L/yr

View all

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Territory Manager Salary

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₹4.2 L/yr - ₹13 L/yr

Area Sales Manager Salary

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₹3 L/yr - ₹12.5 L/yr

Relationship Manager Salary

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₹1.2 L/yr - ₹6.2 L/yr

Top skills at IIFL Finance for Cluster Manager

Revenue Generation Business Development Team Handling Gold Loan Team Handling General Insurance Home Loans Lead Generation Sales Health Insurance Branch Management Demat Agency Sales Agent Recruitment Agency Channel

Salary related reviews for IIFL Finance

4.4

Rated by 6 employees for salary & benefits

Area Manager in Guwahati

Full Time

Sales & Business Development Department

4.0

• posted on 04 Oct 2023

4.0

for Salary and Benefits

Likes

Good Culture, Good Management, Employee Partnership Program ESOP, Bonus

Dislikes

...s, ideally it should not be, Self driven people must have freedom from all this. Salary Structure should be as per performance, Outsiders gets higher package and those who are working since long they are having less salary. Few Seniors are looks like they are our guardian and they understand our problems, But few seniors we we feel scared even to make a call

Territory Sales Manager in Jaipur

Full Time

Sales & Business Development Department

5.0

• posted on 27 Sep 2023

5.0

for Salary and Benefits

Likes

...earn lot of thinks at my 12th year career company work culture is very healthy . Company each and every employee growth salary and profile according time to time.

Dislikes

Branch Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 31 Mar 2023

3.0

for Salary and Benefits

Likes

Value of positions, friendly nature with colleagues working areas,good customers at IIFL, salary intime credit employees,good service by employees for customers ,believed to customers iifl

Dislikes

Some politics have in promotion s and grade changes, not completed in time eligible employees by promotions,no value for old employees ,some branches business depend by only some employees because future time face to problems company,zero walk-in some locations.some IRAs misuse job rules .

Deputy Manager in Mumbai

Full Time

Data Science & Analytics Department

3.0

• posted on 06 Sep 2023

1.0

for Salary and Benefits

Likes

...wth. Seniors are very rude and insensitive and careless... No work life balance. No salary promotions. No bonuses.. bonus are delayed with less %

Dislikes

Senior behaviour with junior

Branch Manager in Jaipur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 10 Oct 2018

5.0

for Salary and Benefits

Likes

Salary,learning

Dislikes

Work pressure is high, manager do not have value of person, senior does not guide only need business that's it. Job is not secure , mentaly pressure given by senior, company and top management is best but over all not satisfactory.

see more salary related reviews

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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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IIFL Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at IIFL Finance?

Cluster Manager salary at IIFL Finance in India ranges between ₹4.0 Lakhs to ₹9.5 Lakhs for experience between 3 years to 16 years. According to our estimates it is 35% less than the average Cluster Manager Salary in India. Salary estimates are based on 16 latest salaries received from various employees of IIFL Finance India.

How does the salary of a Cluster Manager at IIFL Finance India compare with the average salary range for this job?

The average salary of a Cluster Manager at IIFL Finance is 35% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Manager at IIFL Finance?

Revenue Generation, Business Development, Team Handling, Gold Loan and Team Handling are some of the popular skills required to work as a Cluster Manager at IIFL Finance India.

Which similar companies are paying more than IIFL Finance to a Cluster Manager in India?

Bajaj Finance Cluster Manager Salary - ₹8.0 Lakhs to ₹28.5 Lakhs per year
HDB Financial Services Cluster Manager Salary - ₹9.5 Lakhs to ₹26.0 Lakhs per year
Edelweiss Cluster Manager Salary - ₹16.0 Lakhs to ₹17.1 Lakhs per year
Poonawalla Fincorp Cluster Manager Salary - ₹12.0 Lakhs to ₹21.5 Lakhs per year
Piramal Capital Housing Finance Cluster Manager Salary - ₹8.4 Lakhs to ₹21.0 Lakhs per year

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

HDFC Securities Cluster Manager Salary - ₹10.0 Lakhs to ₹16.8 Lakhs per year
Tata Capital Cluster Manager Salary - ₹7.5 Lakhs to ₹15.7 Lakhs per year
ICICI Securities Cluster Manager Salary - ₹8.5 Lakhs to ₹12.6 Lakhs per year
SMFG India Credit Cluster Manager Salary - ₹5.0 Lakhs to ₹20.9 Lakhs per year
Motilal Oswal Financial Services Cluster Manager Salary - ₹6.4 Lakhs to ₹16.5 Lakhs per year

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

The estimated take-home salary of a Cluster Manager at IIFL Finance ranges between ₹45,096 per month to ₹46,185 per month in India. The take-home salary calculation is based on the average IIFL Finance Cluster Manager salary in India which ranges between ₹4.0 Lakhs to ₹9.5 Lakhs per year for employees with experience between 3 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at IIFL Finance?

According to AmbitionBox, 77% of the IIFL Finance Cluster Managers reported a notice period of 1 Month, 8% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 13 responses on AmbitionBox in last 2 years.

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IIFL Finance Cluster Manager Salaries

IIFL Finance Cluster Manager salary in India ranges between ₹4 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 IIFL Finance latest salaries received from various employees of IIFL Finance.