LIC Mutual Fund Pune Area Manager Salaries by 4 Employees

13 - 14 years exp.

₹6.8 Lakhs - ₹16 Lakhs

Salary of majority employees

25% more than the average Area Manager Salary in Financial Services Companies for 13 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Manager Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹14.6 L/yr - ₹16 L/yr
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Sales & Business Development Area Manager Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹11.1 L/yr

Last Updated: 17 Mar 2023

Companies similar to LIC Mutual Fund for Area Manager in Pune

LIC Mutual Fund Area Manager Salary

13 - 14 years exp. (4 salaries)

₹6.8 L/yr - ₹16 L/yr

Company name	Avg Annual Salary	Open Jobs
Motilal Oswal Financial Services Area Manager Salary 1 - 8 years exp. (26 salaries)	₹4 L/yr - ₹7.3 L/yr 53% less
Bajaj Finserv Area Manager Salary 4 - 11 years exp. (20 salaries)	₹6.4 L/yr - ₹15 L/yr 18% less
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Reliance Capital Area Manager Salary 8 - 14 years exp. (5 salaries)	₹7 L/yr - ₹13 L/yr 24% less
Edelweiss Area Manager Salary 9 - 20 years exp. (4 salaries)	₹8 L/yr - ₹13.7 L/yr 9% less
Aditya Birla Capital Area Manager Salary 1 - 5 years exp. (4 salaries)	₹6 L/yr - ₹8.1 L/yr 40% less
Nippon Life India Asset Management Area Manager Salary 12 - 15 years exp. (3 salaries)	₹12.8 L/yr - ₹20 L/yr 23% more	4 job openings

Area Manager salary at LIC Mutual Fund ranges between ₹6.8 Lakhs to ₹16 Lakhs per year for employees with experience between 13 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of LIC Mutual Fund.

Experience wise LIC Mutual Fund Area Manager salaries in Pune

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹16 L/yr
Login to view exact salary
14 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹16 L/yr

Similar Designation salaries in LIC Mutual Fund

Relationship Executive Salary

(3 salaries)

₹3.27 L/yr - ₹3.5 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

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.

Salary - Poor

+6 more

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.

Salary - Bad

+6 more

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.

Skill development - Good

+4 more

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..

Salary - Excellent

+6 more

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.

Company culture - Good

+1 more

Dislikes

No training, no hand holding

Salary - Bad

+4 more

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LIC Mutual Fund Area Manager Salary FAQs

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

The average salary of a Area Manager at LIC Mutual Fund in Pune typically ranges from ₹6.8 Lakhs to ₹16.0 Lakhs per year, depending on experience (from 13 years to 14 years).

The top 10% of Area Manager in Pune at LIC Mutual Fund earn more than ₹16.0 Lakhs per year, and the top 1% earn over ₹16.0 Lakhs per year. Area Manager Salaries at LIC Mutual Fund 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 LIC Mutual Fund employees in India.

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

The estimated take-home salary of a Area Manager at LIC Mutual Fund in Pune typically ranges from ₹88,946 to ₹91,282 per month. This is based on the average salary range of ₹6.8 Lakhs to ₹16.0 Lakhs per year for employees with experience ranging from 13 years to 14 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 LIC Mutual Fund. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Manager at LIC Mutual Fund in Pune?

To be a Area Manager at LIC Mutual Fund in Pune, the key skills required include:

- Networking
- Recruitment
- Relationship Building
- Finance
- Relationship Management

These skills are highly valued at LIC Mutual Fund and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than LIC Mutual Fund for Area Manager in India?

Nippon Life India Asset Management

₹12.8 Lakhs to ₹20.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by LIC Mutual Fund, depending on the role and experience level.

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

The salary of a Area Manager at companies similar to LIC Mutual Fund in Pune varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Edelweiss	₹8.0 Lakhs to ₹13.7 Lakhs per year
Bajaj Finserv	₹6.4 Lakhs to ₹15.0 Lakhs per year
Reliance Capital	₹7.0 Lakhs to ₹13.0 Lakhs per year
Aditya Birla Capital	₹6.0 Lakhs to ₹8.1 Lakhs per year
Motilal Oswal Financial Services	₹4.0 Lakhs to ₹7.3 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 Area Manager at LIC Mutual Fund in Pune?

The salary growth for a Area Manager at LIC Mutual Fund in Pune depends on factors such as experience, performance, and promotions. On average, a Area Manager in Pune can expect the following growth trajectory at LIC Mutual Fund:

Experience	Average Salary Range
13 years	₹6.8 Lakhs to ₹16.0 Lakhs per year
14 years	₹7.5 Lakhs to ₹16.0 Lakhs per year

and so on.

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LIC Mutual Fund Area Manager Salaries in Pune

LIC Mutual Fund Area Manager salary in Pune ranges between ₹6.8 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 LIC Mutual Fund latest salaries received from various employees of LIC Mutual Fund.