LIC Mutual Fund Area Manager Salaries by 10+ Employees (Updated 2025)

12 - 17 years exp.

₹6.8 Lakhs - ₹16.2 Lakhs

Salary of majority employees

33% more than the average Area Manager Salary in Financial Services Companies for 12 - 17 years of experience

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Salaries in different departments

Sales & Business Development Area Manager Salary 13 - 16 years exp. (7 salaries)	₹6.8 L/yr - ₹13.8 L/yr
BFSI, Investments & Trading Area Manager Salary 13 - 17 years exp. (6 salaries)	₹12.5 L/yr - ₹16.2 L/yr
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Marketing & Communication Area Manager Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹9.8 L/yr - ₹12.3 L/yr

Last Updated: 30 Jun 2024

Companies similar to LIC Mutual Fund for Area Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Area Manager Salary 8 - 21 years exp. (101 salaries)	₹7 L/yr - ₹25.2 L/yr 17% more
Nippon Life India Asset Management Area Manager Salary 10 - 16 years exp. (31 salaries)	₹10 L/yr - ₹20 L/yr 13% more	3 job openings
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Bajaj Finserv Area Manager Salary 4 - 13 years exp. (139 salaries)	₹4.7 L/yr - ₹16 L/yr 21% less
Motilal Oswal Financial Services Area Manager Salary 0 - 9 years exp. (195 salaries)	₹3.8 L/yr - ₹7.8 L/yr 52% less
Aditya Birla Capital Area Manager Salary 1 - 10 years exp. (35 salaries)	₹5 L/yr - ₹12.5 L/yr 39% less
Edelweiss Area Manager Salary 7 - 20 years exp. (25 salaries)	₹7 L/yr - ₹14 L/yr 11% less
Muthoot Group Area Manager Salary 9 - 28 years exp. (14 salaries)	₹3.7 L/yr - ₹7.6 L/yr 56% less
Reliance Capital Area Manager Salary 8 - 19 years exp. (13 salaries)	₹7 L/yr - ₹17.6 L/yr 4% less
ICICI Securities Area Manager Salary 13 - 18 years exp. (10 salaries)	₹6.5 L/yr - ₹13 L/yr 27% less
Stock Holding Corporation of India Area Manager Salary 16 - 21 years exp. (9 salaries)	₹13 L/yr - ₹24 L/yr 36% more
Religare Area Manager Salary 14 - 16 years exp. (6 salaries)	₹8 L/yr - ₹15 L/yr 9% less
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Shriram Housing Finance Area Manager Salary 10 - 19 years exp. (3 salaries)	₹7.8 L/yr - ₹15 L/yr 4% less
Bajaj Capital Area Manager Salary 9 - 13 years exp. (3 salaries)	₹4.2 L/yr - ₹5.5 L/yr 64% less
JPMorgan Chase & Co. Area Manager Salary 0 - 5 years exp. (3 salaries)	₹12 L/yr - ₹30 L/yr 73% more

Area Manager salary at LIC Mutual Fund ranges between ₹6.8 Lakhs to ₹16.2 Lakhs per year for employees with experience between 12 years to 17 years. Salary estimates are based on 15 latest salaries received from various employees of LIC Mutual Fund.

Experience wise LIC Mutual Fund Area Manager salaries

Last Updated: 30 Jun 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹22.6 L/yr
13 years (4 salaries)	₹6.8 L/yr - ₹16 L/yr
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14 years (4 salaries)	₹7.5 L/yr - ₹16 L/yr
15+ years (6 salaries)	₹8.5 L/yr - ₹16.2 L/yr

Similar Designation salaries in LIC Mutual Fund

Sales Manager Salary

(32 salaries)

₹3.25 L/yr - ₹6.66 L/yr

Branch Manager Salary

(6 salaries)

₹7.6 L/yr - ₹9.76 L/yr

Area Sales Manager Salary

(3 salaries)

₹11.3 L/yr - ₹15 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Regional Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Sales Officer Salary

(3 salaries)

₹3 L/yr - ₹5 L/yr

Senior Sales Manager Salary

(9 salaries)

₹6 L/yr - ₹13 L/yr

Relationship Manager Salary

(53 salaries)

₹2 L/yr - ₹5.9 L/yr

Top skills at LIC Mutual Fund for Area Manager

Networking Recruitment Relationship Building Finance Relationship Management Lead Generation Sales Corporate Mutual Funds Financial Management Research Analytical Corporate Sales Management Institutional Sales

Salary related reviews for LIC Mutual Fund

4.0

Rated by 1 employees for salary & benefits

Senior Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 06 May 2023

2.0

for Salary and Benefits

Likes

Nothing likes for this organisation

Dislikes

...nal life hell. As the company don't have any process, proper management and all. Often you will pay from your pocket bcoz the right approvals will not come as per the commitment of the senior management. There is neither proper system nor HR policy in this organisation. If you want to spoil your career by entering in this monopoly, uncultured then you may think of this organisation. If there would 0 for job security then I could have clicked on that.

Administration Executive in Kanpur

Full Time

Mutual funds Department

1.0

• posted on 24 Mar 2020

1.0

for Salary and Benefits

Likes

I have very bad experience working in Lic Mf as a admin executive, I have faced mental harassment there, slow growth & insecure environment.

Dislikes

I have joined there as a off role payroll process via rand stand company and they didn’t settle my dues and also not provided my reliving letter too.

Sales Manager in New Delhi

Sales & Business Development Department

4.0

• posted on 29 May 2022

3.0

for Salary and Benefits

Likes

Work culture is good. Lots of things are there to learn and built personality. Working Location Prefrence gives better understanding about the area and gives many more ideas to enhance sales and busienss for orgsnisation.

Dislikes

Sometime managing multiple channels become challanging.

Vice President - Zonal Head - North Zone in New Delhi

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 07 Feb 2022

5.0

for Salary and Benefits

Likes

Fantastic company to work for.. Performers always gets appreciated & acknowledged..Moreover Management believes in giving autonomy/ independent space to perform & excel..LIC MF has given opportunity to so many young/ fresh professionals in MF domain & most of them have come out with flying colors..The company has created/prepared so many young talent for the industry.. Indeed great experience working for this company since last 7 Years..

Dislikes

Nothing as such..

Business Development Manager in Bhubaneswar

Marketing & Communication Department

3.0

• posted on 12 Nov 2021

1.0

for Salary and Benefits

Likes

As a lady I feel really safe working with the organization but when it comes to guidance or support the seniors are not that much supportive, job security is very poor as meeting target is not possible because of lower penetration and less tie ups. Funds are not that very good performing to attract client.

Dislikes

No training, no hand holding

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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LIC Mutual Fund Area Manager Salary FAQs

What is the salary of Area Manager at LIC Mutual Fund?

Area Manager salary at LIC Mutual Fund in India ranges between ₹6.8 Lakhs to ₹16.2 Lakhs for experience between 12 years to 17 years. According to our estimates it is 33% more than the average Area Manager Salary in India. Salary estimates are based on 15 latest salaries received from various employees of LIC Mutual Fund India.

How does the salary of a Area Manager at LIC Mutual Fund India compare with the average salary range for this job?

The average salary of a Area Manager at LIC Mutual Fund is 33% more than the average salary of a Area Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Area Manager at LIC Mutual Fund?

Networking, Recruitment, Relationship Building, Finance and Relationship Management are some of the popular skills required to work as a Area Manager at LIC Mutual Fund India.

Which similar companies are paying more than LIC Mutual Fund to a Area Manager in India?

JPMorgan Chase & Co. Area Manager Salary - ₹12.0 Lakhs to ₹30.0 Lakhs per year
Stock Holding Corporation of India Area Manager Salary - ₹13.0 Lakhs to ₹24.0 Lakhs per year
Kotak Mahindra Bank Area Manager Salary - ₹7.0 Lakhs to ₹25.2 Lakhs per year
Nippon Life India Asset Management Area Manager Salary - ₹10.0 Lakhs to ₹20.0 Lakhs per year

What is the salary of a Area Manager in companies similar to LIC Mutual Fund in India?

Shriram Housing Finance Area Manager Salary - ₹7.8 Lakhs to ₹15.0 Lakhs per year
Reliance Capital Area Manager Salary - ₹7.0 Lakhs to ₹17.6 Lakhs per year
Religare Area Manager Salary - ₹8.0 Lakhs to ₹15.0 Lakhs per year
Edelweiss Area Manager Salary - ₹7.0 Lakhs to ₹14.0 Lakhs per year
Bajaj Finserv Area Manager Salary - ₹4.7 Lakhs to ₹16.0 Lakhs per year

What is the estimated take home salary of a Area Manager at LIC Mutual Fund in India?

The estimated take-home salary of a Area Manager at LIC Mutual Fund ranges between ₹90,063 per month to ₹92,431 per month in India. The take-home salary calculation is based on the average LIC Mutual Fund Area Manager salary in India which ranges between ₹6.8 Lakhs to ₹16.2 Lakhs per year for employees with experience between 12 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Area Manager at LIC Mutual Fund?

According to AmbitionBox, 81% of the LIC Mutual Fund Area Managers reported a notice period of 3 Months, 19% reported a notice period of 15 days or less.This is based on 16 responses on AmbitionBox in last 2 years.

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LIC Mutual Fund Area Manager Salaries

LIC Mutual Fund Area Manager salary in India ranges between ₹6.8 Lakhs to ₹16.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 LIC Mutual Fund latest salaries received from various employees of LIC Mutual Fund.