L&T Finance Microfinance Manager Salaries by 4 Employees

0 - 18 years exp.

₹5 Lakhs - ₹9 Lakhs

Low Confidence

Salary of majority employees

109% more than the average Microfinance Manager Salary in NBFC Companies for 0 - 18 years of experience

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Salaries in different departments

Finance & Accounting Microfinance Manager Salary 0 - 6 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.8 L/yr
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Sales & Business Development Microfinance Manager Salary 5 - 18 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹9 L/yr

Last Updated: 8 Nov 2024

Companies similar to L&T Finance for Microfinance Manager

Company name	Avg Annual Salary	Open Jobs
Asirvad Microfinance Microfinance Manager Salary 0 - 4 years exp. (4 salaries)	₹3.2 L/yr - ₹4.2 L/yr 41% less
Spandana Sphoorty Financial Microfinance Manager Salary 0 - 4 years exp. (4 salaries)	₹2.5 L/yr - ₹4.8 L/yr 46% less
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CreditAccess Grameen Microfinance Manager Salary 5 - 6 years exp. (4 salaries)	₹1.7 L/yr - ₹3 L/yr 62% less
Bharat Financial Inclusion Microfinance Manager Salary 5 - 13 years exp. (3 salaries)	₹2.5 L/yr - ₹3.3 L/yr 56% less
Muthoot Microfin Microfinance Manager Salary 5 - 7 years exp. (3 salaries)	₹3.1 L/yr - ₹4.2 L/yr 44% less

Microfinance Manager salary at L&T Finance ranges between ₹5 Lakhs to ₹9 Lakhs per year for employees with less than 1 year of experience to 18 years. Salary estimates are based on 4 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Microfinance Manager salaries

Last Updated: 8 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
5 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
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6 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
15+ years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr

Salary related reviews for L&T Finance

5.0

Rated by 2 employees for salary & benefits

Senior Manager in Mumbai

Full Time

Human Resources Department

3.0

• posted on 24 Jan 2025

3.0

for Salary and Benefits

Likes

The work culture is dramatically different from before after the Leadership change. It’s all about work life balance and flexibility now.

Work-life balance - Good

Dislikes

While the work culture has improved there’s now a decline in opportunities for salary growth and promotions.

Skill development - Poor

+4 more

Team Manager in Mumbai

Full Time

Human Resources Department

4.0

• posted on 26 Dec 2024

5.0

for Salary and Benefits

Likes

Best company for Initiating the career Best in Class Salary and Compensation structure Best Terminal Benefits I come across Ambitious culture which surely can accelerate your career

Salary - Excellent

+1 more

Dislikes

Things decided by Middle Managers. Focused on short term achievement than sustainable development. Focused only on their own role and it will result in poor implementation. Duplicate reports and change according to the stakeholders.

Promotions - Poor

Branch Manager in Madhubani

Full Time

Finance & Accounting Department

2.0

• posted on 01 Dec 2024

4.0

for Salary and Benefits

Likes

Salary credit on time in any condition

Salary - Good

+1 more

Dislikes

Leave Policy.if the senior wishes,he will make him work for 30 days in a month's.There is no Hr Policy.secondly even if you are eligible for prmotion,if your senior does not wants it then will not get promotion,and if your senior wants it but is not eligible then he will also get promotion.There is no Hr Policy at all.

Job security - Bad

+4 more

Regional Process Manager in Kolkata

Full Time

Finance & Accounting Department

3.0

• posted on 26 Sep 2024

4.0

for Salary and Benefits

Likes

I am working in L&T last 4.6 years and I hope in good salary and appraisal time to time and future growth seen High.

Salary - Good

+3 more

Dislikes

I am facing issue about life balance. Not spend time with family and more concerned about job timing. Job timing and Saturday, Sunday working are very concerned area.

Company culture - Poor

+1 more

Branch Manager in Kochi

Full Time

Other Department

1.0

• posted on 01 Jul 2024

1.0

for Salary and Benefits

Likes

Nothing here to be liked

Dislikes

...ated people to save their job. If you complaints, you will be their next target. Mandatory yearly bonus is a part of your salary. Actually its not given. Always cutting your incentives.

Salary - Bad

+6 more

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L&T Finance Microfinance Manager Salary FAQs

What is the salary of Microfinance Manager at L&T Finance ?

The average salary of a Microfinance Manager at L&T Finance in India typically ranges from ₹5.0 Lakhs to ₹9.0 Lakhs per year, depending on experience (from Fresher to 18 years).

The top 10% of Microfinance Manager at L&T Finance earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Microfinance Manager Salaries at L&T 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 L&T Finance employees in India.

What is the estimated take home salary of a Microfinance Manager at L&T Finance in India?

The estimated take-home salary of a Microfinance Manager at L&T Finance in India typically ranges from ₹49,914 to ₹51,093 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from Fresher to 18 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 L&T Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Microfinance Manager in companies similar to L&T Finance in India?

The salary of a Microfinance Manager at companies similar to L&T Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Asirvad Microfinance	₹3.2 Lakhs to ₹4.2 Lakhs per year
Muthoot Microfin	₹3.1 Lakhs to ₹4.2 Lakhs per year
Spandana Sphoorty Financial	₹2.5 Lakhs to ₹4.8 Lakhs per year
Bharat Financial Inclusion	₹2.5 Lakhs to ₹3.3 Lakhs per year
CreditAccess Grameen	₹1.7 Lakhs to ₹3.0 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 Microfinance Manager at L&T Finance in India?

The salary growth for a Microfinance Manager at L&T Finance depends on factors such as experience, performance, and promotions. On average, a Microfinance Manager can expect the following growth trajectory at L&T Finance:

Experience	Average Salary Range
Fresher	₹4.5 Lakhs to ₹5.8 Lakhs per year
5 years	₹4.9 Lakhs to ₹6.2 Lakhs per year
6 years	₹6.1 Lakhs to ₹7.8 Lakhs per year
15 years	₹8.1 Lakhs to ₹10.3 Lakhs per year

and so on.

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L&T Finance Microfinance Manager Salaries

L&T Finance Microfinance Manager salary in India ranges between ₹5 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 L&T Finance latest salaries received from various employees of L&T Finance.