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Mag Finserv Company Area Manager salaries in India

Annual salary range
9 - 15 years exp.
₹4.2 Lakhs - ₹6.3 Lakhs
Salary of majority employees
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47% less than the average Area Manager Salary in NBFC Companies for 9 - 15 years of experience

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Salaries in different departments

Sales & Business Development
Area Manager Salary
9 - 13 years exp. (3 salaries)
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₹5.5 L/yr - ₹6.3 L/yr

Finance & Accounting
Area Manager Salary
11 - 12 years exp. (AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.6 L/yr

Last Updated: 23 Nov 2024

Companies similar to Mag Finserv Company for Area Manager

Company name Avg Annual Salary Open Jobs
unlock blur

₹5.7 L/yr - ₹12.2 L/yr

arrow icon 71% more
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Muthoot Mercantile Area Manager Salary

6 - 14 years exp. (21 salaries)

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₹3.4 L/yr - ₹5 L/yr

arrow icon 12% less
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NeoGrowth Credit Area Manager Salary

2 - 10 years exp. (6 salaries)

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₹4.1 L/yr - ₹7.5 L/yr

arrow icon 11% more
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₹6.3 L/yr - ₹16.5 L/yr

arrow icon 118% more
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Altum Credo Home Finance Area Manager Salary

13 - 20 years exp. (5 salaries)

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₹9 L/yr - ₹14.5 L/yr

arrow icon 132% more
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Poonawalla Finance Area Manager Salary

5 - 14 years exp. (5 salaries)

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₹9 L/yr - ₹13 L/yr

arrow icon 100% more
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Saija Finance Area Manager Salary

3 - 9 years exp. (4 salaries)

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₹2.7 L/yr - ₹4.8 L/yr

arrow icon 24% less
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₹6.5 L/yr - ₹15.8 L/yr

arrow icon 78% more
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Yogakshemam Loans Area Manager Salary

9 - 15 years exp. (4 salaries)

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₹3.1 L/yr - ₹7 L/yr

arrow icon 9% less
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Hinduja Finance Area Manager Salary

3 - 5 years exp. (3 salaries)

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₹3.5 L/yr - ₹6 L/yr

arrow icon 7% less
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Rattanindia Finance Area Manager Salary

2 - 8 years exp. (3 salaries)

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₹4.5 L/yr - ₹6.5 L/yr

At par
Area Manager salary at Mag Finserv Company ranges between ₹4.2 Lakhs to ₹6.3 Lakhs per year for employees with experience between 9 years to 15 years. Salary estimates are based on 7 latest salaries received from various employees of Mag Finserv Company.

Latest annual salaries shared by Mag Finserv Company Area Manager

1mo ago
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15 years exp.
2mo ago
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12 years exp.
6mo ago
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13 years exp.
9mo ago
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12 years exp.
11mo ago
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11 years exp.
1y ago
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14 years exp.
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9 years exp.

Experience wise Mag Finserv Company Area Manager salaries

Last Updated: 23 Nov 2024

Experience Avg Annual Salary
9 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹5.5 L/yr
10 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹5.7 L/yr
11 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹9.1 L/yr
12 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹5.5 L/yr
13 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹6.3 L/yr
View all

Similar Designation salaries in Mag Finserv Company

Sales Manager Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
Branch Manager Salary
(11 salaries)
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₹2.88 L/yr - ₹5.34 L/yr
Area Sales Manager Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹3 L/yr
Cluster Manager Salary
(AmbitionBox Estimate)
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₹34 L/yr - ₹43.5 L/yr
Regional Manager Salary
(AmbitionBox Estimate)
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₹6.6 L/yr - ₹8.4 L/yr
Team Lead Salary
(AmbitionBox Estimate)
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₹3.7 L/yr - ₹4.7 L/yr
Sales Officer Salary
(AmbitionBox Estimate)
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₹0.7 L/yr - ₹0.9 L/yr
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₹1.24 L/yr - ₹2.4 L/yr
Senior Sales Executive Salary
(AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr
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₹2.2 L/yr - ₹2.8 L/yr

Top skills at Mag Finserv Company for Area Manager

Business Development Microfinance Area Sales Management Market Penetration Credit Underwriting Credit Policy Financial Services Sales

Salary related reviews for Mag Finserv Company

4.0

Rated by 1 employees for salary & benefits

BFSI, Investments & Trading Department

1.0
  •  posted on 10 Jun 2020

1.0
 for  Salary and Benefits

Likes

Very worst company they didn't given my 1 month salary & my deducted 3 month's Security deposit Amount also, management very worst, they will not support & they will not given any esic,pf, benefits to employees totally worst company.

read more

Dislikes

Plz dont join that company otherwise your career will stop

  • Salary - Bad
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 09 Feb 2024

1.0
 for  Salary and Benefits

Likes

Only few of my colleagues I met . And nothing is good thr.

Dislikes

As a employee I have seen worst time in my career with this company. Toxic environment,toxic people which can, politics and blamming games only no appreciations ever ,old employees cannot digest changes and new people their . Many of them will keep putting their nose in your business like it's theirs . No support, and authority given but expectations are high with no patience ,no job security,they can do anything without notice . No Peace and satisfaction You will leave only with bad memories. Thanks.

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

Mag Finserv Company Area Manager Salary FAQs

What is the salary of Area Manager at Mag Finserv Company ?
The average salary of a Area Manager at Mag Finserv Company in India typically ranges from ₹4.2 Lakhs to ₹6.3 Lakhs per year, depending on experience (from 9 years to 15 years).

The top 10% of Area Manager at Mag Finserv Company earn more than ₹6.2 Lakhs per year, and the top 1% earn over ₹6.3 Lakhs per year. Area Manager Salaries at Mag Finserv Company 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 7 Mag Finserv Company employees in India.
What is the estimated take home salary of a Area Manager at Mag Finserv Company in India?
The estimated take-home salary of a Area Manager at Mag Finserv Company in India typically ranges from ₹38,789 to ₹39,973 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹6.3 Lakhs per year for employees with experience ranging from 9 years to 15 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 7 salaries received from various employees of Mag Finserv Company. 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 Mag Finserv Company ?
To be a Area Manager at Mag Finserv Company in india, the key skills required include:

  • - Business Development
  • - Microfinance
  • - Area Sales Management
  • - Market Penetration
  • - Credit Underwriting

These skills are highly valued at Mag Finserv Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Mag Finserv Company for Area Manager in India?
Altum Credo Home Finance ₹9.0 Lakhs to ₹14.5 Lakhs per year
Anand Rathi Global Finance ₹6.3 Lakhs to ₹16.5 Lakhs per year
Poonawalla Finance ₹9.0 Lakhs to ₹13.0 Lakhs per year
Square Capital Advisory Services ₹6.5 Lakhs to ₹15.8 Lakhs per year
Muthoot Housing Finance Company ₹5.7 Lakhs to ₹12.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mag Finserv Company, depending on the role and experience level.
What is the salary of a Area Manager in companies similar to Mag Finserv Company in India?
The salary of a Area Manager at companies similar to Mag Finserv Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

NeoGrowth Credit ₹4.1 Lakhs to ₹7.5 Lakhs per year
Rattanindia Finance ₹4.5 Lakhs to ₹6.5 Lakhs per year
Hinduja Finance ₹3.5 Lakhs to ₹6.0 Lakhs per year
Yogakshemam Loans ₹3.1 Lakhs to ₹7.0 Lakhs per year
Muthoot Mercantile ₹3.4 Lakhs to ₹5.0 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 Area Manager at Mag Finserv Company in India?
The salary growth for a Area Manager at Mag Finserv Company depends on factors such as experience, performance, and promotions. On average, a Area Manager can expect the following growth trajectory at Mag Finserv Company:

Experience Average Salary Range
9 years ₹1.9 Lakhs to ₹5.5 Lakhs per year
10 years ₹4.4 Lakhs to ₹5.7 Lakhs per year
11 years ₹4.2 Lakhs to ₹9.1 Lakhs per year
12 years ₹4.2 Lakhs to ₹5.5 Lakhs per year
and so on.

Tell us how to improve this page.

Mag Finserv Company Area Manager salary in India ranges between ₹4.2 Lakhs to ₹6.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Mag Finserv Company latest salaries received from various employees of Mag Finserv Company.