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Mag Finserv Company Branch Manager salaries in India (Updated 2025)

Annual salary range
7 - 11 years exp.
₹2.9 Lakhs - ₹5.3 Lakhs
Salary of majority employees
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53% less than the average Branch Manager Salary in NBFC Companies for 7 - 11 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting
Branch Manager Salary
7 - 11 years exp. (8 salaries)
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₹3.4 L/yr - ₹5.3 L/yr

BFSI, Investments & Trading
Branch Manager Salary
8 - 11 years exp. (3 salaries)
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₹2.9 L/yr - ₹4.1 L/yr

Last Updated: 25 Jan 2025

Companies similar to Mag Finserv Company for Branch Manager

Company name Avg Annual Salary Open Jobs
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Muthoot Mercantile Branch Manager Salary

5 - 14 years exp. (91 salaries)

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₹2.2 L/yr - ₹5 L/yr

arrow icon 16% less
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₹2.7 L/yr - ₹8 L/yr

arrow icon 32% more
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Jumbo Finvest India Branch Manager Salary

2 - 15 years exp. (43 salaries)

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₹2.2 L/yr - ₹4.5 L/yr

arrow icon 24% less
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Altum Credo Home Finance Branch Manager Salary

4 - 11 years exp. (38 salaries)

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₹3.3 L/yr - ₹6.3 L/yr

arrow icon 15% more
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Sewa Grih Rin Branch Manager Salary

3 - 12 years exp. (28 salaries)

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₹3.4 L/yr - ₹7.2 L/yr

arrow icon 28% more
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Srg Housing Finance Branch Manager Salary

5 - 10 years exp. (30 salaries)

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₹3.2 L/yr - ₹7.1 L/yr

arrow icon 22% more
1 job opening
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Yogakshemam Loans Branch Manager Salary

2 - 12 years exp. (21 salaries)

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₹1.8 L/yr - ₹4 L/yr

arrow icon 31% less
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₹3.6 L/yr - ₹7.1 L/yr

arrow icon 25% more
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Hindusthan Microfinance Branch Manager Salary

6 - 11 years exp. (19 salaries)

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₹3 L/yr - ₹4.7 L/yr

arrow icon 18% less
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Varthana Branch Manager Salary

6 - 14 years exp. (17 salaries)

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₹6.7 L/yr - ₹10 L/yr

arrow icon 87% more
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Saija Finance Branch Manager Salary

2 - 10 years exp. (17 salaries)

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₹2.1 L/yr - ₹3.8 L/yr

arrow icon 31% less
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Arthan Finance Branch Manager Salary

5 - 14 years exp. (12 salaries)

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₹3.1 L/yr - ₹6.5 L/yr

arrow icon 11% more
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₹5.3 L/yr - ₹9 L/yr

arrow icon 47% more
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Ratnaafin Capital Branch Manager Salary

7 - 14 years exp. (6 salaries)

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₹5.1 L/yr - ₹11.1 L/yr

arrow icon 75% more
1 job opening
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₹4 L/yr - ₹5.7 L/yr

arrow icon 18% more
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ECL Finance Branch Manager Salary

4 - 11 years exp. (6 salaries)

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₹5.1 L/yr - ₹6.8 L/yr

arrow icon 51% more
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Poonawalla Finance Branch Manager Salary

6 - 11 years exp. (6 salaries)

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₹5.8 L/yr - ₹9 L/yr

arrow icon 66% more
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Capital Finserve Branch Manager Salary

6 - 13 years exp. (5 salaries)

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₹3 L/yr - ₹3.9 L/yr

arrow icon 21% less
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₹5.1 L/yr - ₹7 L/yr

arrow icon 39% more
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NeoGrowth Credit Branch Manager Salary

12 - 17 years exp. (4 salaries)

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₹4.4 L/yr - ₹8.5 L/yr

arrow icon 24% more
View all
Branch Manager salary at Mag Finserv Company ranges between ₹2.9 Lakhs to ₹5.3 Lakhs per year for employees with experience between 7 years to 11 years. Salary estimates are based on 11 latest salaries received from various employees of Mag Finserv Company.

Latest annual salaries shared by Mag Finserv Company Branch Manager

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9 years exp.
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8 years exp.
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Experience wise Mag Finserv Company Branch Manager salaries

Last Updated: 25 Jan 2025

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹8 L/yr
8 years  (3 salaries)

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₹2.9 L/yr - ₹5.3 L/yr
9 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹4.8 L/yr
10 years  (3 salaries)

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₹1.6 L/yr - ₹4.8 L/yr
11 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.1 L/yr

Similar Designation salaries in Mag Finserv Company

Area Manager Salary
(7 salaries)
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₹4.2 L/yr - ₹6.25 L/yr
Credit Manager Salary
(4 salaries)
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₹2.2 L/yr - ₹4.6 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
Cluster Manager Salary
(AmbitionBox Estimate)
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₹34 L/yr - ₹43.5 L/yr
Operations Manager Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
Area Sales Manager Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹3 L/yr
Sales Officer Salary
(AmbitionBox Estimate)
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₹0.7 L/yr - ₹0.9 L/yr
Assistant Branch Manager Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Accountant Salary
(AmbitionBox Estimate)
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₹1.7 L/yr - ₹2.2 L/yr
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₹1.24 L/yr - ₹2.4 L/yr

Top skills at Mag Finserv Company for Branch Manager

Gold Loan Business Development Branch Management Target Achievement Team Handling Cross Selling Business Growth Gold Loan Financing MIS Reporting Feedback Cashier Activities Auditing Branch Operations Product Promotion

Salary related reviews for Mag Finserv Company

1.8

Rated by 6 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 Branch Manager Salary FAQs

What is the salary of Branch Manager at Mag Finserv Company ?
The average salary of a Branch Manager at Mag Finserv Company in India typically ranges from ₹2.9 Lakhs to ₹5.3 Lakhs per year, depending on experience (from 7 years to 11 years).

The top 10% of Branch Manager at Mag Finserv Company earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.3 Lakhs per year. Branch 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 10+ Mag Finserv Company employees in India.
What is the estimated take home salary of a Branch Manager at Mag Finserv Company in India?
The estimated take-home salary of a Branch Manager at Mag Finserv Company in India typically ranges from ₹32,359 to ₹33,638 per month. This is based on the average salary range of ₹2.9 Lakhs to ₹5.3 Lakhs per year for employees with experience ranging from 7 years to 11 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 10+ 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 Branch Manager at Mag Finserv Company ?
To be a Branch Manager at Mag Finserv Company in india, the key skills required include:

  • - Gold Loan
  • - Business Development
  • - Branch Management
  • - Target Achievement
  • - Team Handling

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 Branch Manager in India?
Varthana ₹6.7 Lakhs to ₹10.0 Lakhs per year
Ratnaafin Capital ₹5.1 Lakhs to ₹11.1 Lakhs per year
Poonawalla Finance ₹5.8 Lakhs to ₹9.0 Lakhs per year
ECL Finance ₹5.1 Lakhs to ₹6.8 Lakhs per year
Indian School Finance Company ₹5.3 Lakhs to ₹9.0 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 Branch Manager in companies similar to Mag Finserv Company in India?
The salary of a Branch 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:

Sustainable Agro-commercial Finance ₹5.1 Lakhs to ₹7.0 Lakhs per year
Muthoot Housing Finance Company ₹2.7 Lakhs to ₹8.0 Lakhs per year
Sewa Grih Rin ₹3.4 Lakhs to ₹7.2 Lakhs per year
Square Capital Advisory Services ₹3.6 Lakhs to ₹7.1 Lakhs per year
NeoGrowth Credit ₹4.4 Lakhs to ₹8.5 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 Branch Manager at Mag Finserv Company in India?
The salary growth for a Branch Manager at Mag Finserv Company depends on factors such as experience, performance, and promotions. On average, a Branch Manager can expect the following growth trajectory at Mag Finserv Company:

Experience Average Salary Range
7 years ₹3.6 Lakhs to ₹8.0 Lakhs per year
8 years ₹2.9 Lakhs to ₹5.3 Lakhs per year
9 years ₹1.7 Lakhs to ₹4.8 Lakhs per year
10 years ₹1.6 Lakhs to ₹4.8 Lakhs per year
and so on.

Tell us how to improve this page.

Mag Finserv Company Branch Manager salary in India ranges between ₹2.9 Lakhs to ₹5.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 11 Mag Finserv Company latest salaries received from various employees of Mag Finserv Company.