LIC Mutual Fund Area Sales Manager Salaries by 3 Employees (Updated 2024)

10 - 12 years exp.

₹11.3 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

36% more than the average Area Sales Manager Salary in Financial Services Companies for 10 - 12 years of experience

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Salaries in different departments

Sales & Business Development Area Sales Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹11.3 L/yr - ₹12 L/yr
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BFSI, Investments & Trading Area Sales Manager Salary 12 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr

Last Updated: 19 Aug 2023

Companies similar to LIC Mutual Fund for Area Sales Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Mutual Fund Area Sales Manager Salary 3 - 9 years exp. (3 salaries)	₹5.5 L/yr - ₹10.2 L/yr 33% less
SBI Mutual Fund Area Sales Manager Salary 5 - 15 years exp. (4 salaries)	₹1.2 L/yr - ₹7 L/yr 68% less
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Kotak Mahindra Bank Area Sales Manager Salary 6 - 17 years exp. (246 salaries)	₹6 L/yr - ₹23 L/yr 5% more	2 job openings
Nippon Life India Asset Management Area Sales Manager Salary 1 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹14.9 L/yr 35% less
Bajaj Finserv Area Sales Manager Salary 4 - 13 years exp. (362 salaries)	₹4.9 L/yr - ₹15.7 L/yr 18% less
Aditya Birla Capital Area Sales Manager Salary 5 - 16 years exp. (112 salaries)	₹4.9 L/yr - ₹18.2 L/yr 11% less
MAS Financial Services Area Sales Manager Salary 6 - 22 years exp. (104 salaries)	₹2.6 L/yr - ₹12 L/yr 42% less	3 job openings
Edelweiss Area Sales Manager Salary 10 - 17 years exp. (60 salaries)	₹7.6 L/yr - ₹15.5 L/yr 8% less
Motilal Oswal Financial Services Area Sales Manager Salary 1 - 16 years exp. (43 salaries)	₹3.5 L/yr - ₹12.1 L/yr 35% less
Shriram Housing Finance Area Sales Manager Salary 10 - 20 years exp. (36 salaries)	₹9.6 L/yr - ₹19 L/yr 10% more
JM Financial Area Sales Manager Salary 9 - 18 years exp. (15 salaries)	₹5.3 L/yr - ₹14 L/yr 26% less
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ICICI Securities Area Sales Manager Salary 3 - 12 years exp. (7 salaries)	₹3.5 L/yr - ₹5.2 L/yr 68% less
Bajaj Capital Area Sales Manager Salary 2 - 15 years exp. (7 salaries)	₹5.3 L/yr - ₹7.2 L/yr 52% less
Sharekhan Area Sales Manager Salary 5 - 16 years exp. (6 salaries)	₹3.9 L/yr - ₹8.8 L/yr 54% less
Muthoot Group Area Sales Manager Salary 0 - 15 years exp. (5 salaries)	₹4.2 L/yr - ₹8.2 L/yr 57% less
Reliance Capital Area Sales Manager Salary 7 - 14 years exp. (4 salaries)	₹4.5 L/yr - ₹11.7 L/yr 39% less
Stock Holding Corporation of India Area Sales Manager Salary 20 - 21 years exp. (3 salaries)	₹16.8 L/yr - ₹28 L/yr 60% more

Area Sales Manager salary at LIC Mutual Fund ranges between ₹11.3 Lakhs to ₹15 Lakhs per year for employees with experience between 10 years to 12 years. Salary estimates are based on 3 latest salaries received from various employees of LIC Mutual Fund.

Experience wise LIC Mutual Fund Area Sales Manager salaries

Last Updated: 19 Aug 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹11.3 L/yr
11 years (AmbitionBox Estimate)	₹12 L/yr - ₹12 L/yr
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12 years (AmbitionBox Estimate)	₹15 L/yr - ₹15 L/yr

Similar Designation salaries in LIC Mutual Fund

Sales Manager Salary

(32 salaries)

₹3.25 L/yr - ₹7.5 L/yr

Senior Sales Manager Salary

(9 salaries)

₹6 L/yr - ₹13 L/yr

Area Manager Salary

(15 salaries)

₹6.8 L/yr - ₹16.17 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Regional Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Branch Manager Salary

(6 salaries)

₹7.6 L/yr - ₹9.76 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Sales Officer Salary

(3 salaries)

₹3 L/yr - ₹5 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Relationship Manager Salary

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₹2.4 L/yr - ₹5.9 L/yr

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.

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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a technical project manager

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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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LIC Mutual Fund Area Sales Manager Salary FAQs

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

According to AmbitionBox, 100% of the LIC Mutual Fund Area Sales Managers reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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LIC Mutual Fund Area Sales Manager Salaries

LIC Mutual Fund Area Sales Manager salary in India ranges between ₹11.3 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 LIC Mutual Fund latest salaries received from various employees of LIC Mutual Fund.