Mag Finserv Company Credit Manager Salaries by 4 Employees (Updated 2024)

3 - 5 years exp.

₹2.2 Lakhs - ₹4.6 Lakhs

Salary of majority employees

55% less than the average Credit Manager Salary in NBFC Companies for 3 - 5 years of experience

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Salaries in different departments

Risk Management & Compliance Credit Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.6 L/yr
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Finance & Accounting Credit Manager Salary 3 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.4 L/yr

Last Updated: 17 Mar 2023

Companies similar to Mag Finserv Company for Credit Manager

Company name	Avg Annual Salary	Open Jobs
Poonawalla Finance Credit Manager Salary 2 - 10 years exp. (37 salaries)	₹3 L/yr - ₹10 L/yr 83% more
Muthoot Housing Finance Company Credit Manager Salary 3 - 8 years exp. (17 salaries)	₹2.8 L/yr - ₹7.8 L/yr 62% more
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Srg Housing Finance Credit Manager Salary 0 - 6 years exp. (14 salaries)	₹2.3 L/yr - ₹6.1 L/yr 26% more
Ratnaafin Capital Credit Manager Salary 1 - 15 years exp. (13 salaries)	₹4 L/yr - ₹9 L/yr 83% more	1 job opening
ECL Finance Credit Manager Salary 0 - 7 years exp. (13 salaries)	₹5 L/yr - ₹8 L/yr 80% more	1 job opening
Rattanindia Finance Credit Manager Salary 2 - 8 years exp. (13 salaries)	₹3 L/yr - ₹8.5 L/yr 56% more
Anand Rathi Global Finance Credit Manager Salary 0 - 5 years exp. (12 salaries)	₹4.6 L/yr - ₹10.5 L/yr 146% more	1 job opening
Inditrade Capital Credit Manager Salary 1 - 6 years exp. (6 salaries)	₹3.5 L/yr - ₹6 L/yr 23% more
Indian School Finance Company Credit Manager Salary 1 - 10 years exp. (6 salaries)	₹4 L/yr - ₹6.8 L/yr 61% more
Wheels Emi Credit Manager Salary 5 - 10 years exp. (6 salaries)	₹3 L/yr - ₹6.5 L/yr 33% more
Hinduja Finance Credit Manager Salary 0 - 7 years exp. (6 salaries)	₹3.6 L/yr - ₹8.5 L/yr 66% more
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Sustainable Agro-commercial Finance Credit Manager Salary 8 - 9 years exp. (5 salaries)	₹3 L/yr - ₹6.3 L/yr 45% more
Volkswagen Finance Credit Manager Salary 5 - 7 years exp. (4 salaries)	₹10.4 L/yr - ₹18 L/yr 304% more
Jumbo Finvest India Credit Manager Salary 1 - 23 years exp. (4 salaries)	₹2 L/yr - ₹6.7 L/yr 23% more
Sewa Grih Rin Credit Manager Salary 4 - 7 years exp. (4 salaries)	₹3.8 L/yr - ₹6.1 L/yr 20% more
PayMe India Credit Manager Salary 2 - 7 years exp. (4 salaries)	₹4.1 L/yr - ₹6.6 L/yr 21% more
Arthan Finance Credit Manager Salary 4 - 6 years exp. (3 salaries)	₹3.9 L/yr - ₹4.2 L/yr 17% more

Credit Manager salary at Mag Finserv Company ranges between ₹2.2 Lakhs to ₹4.6 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Mag Finserv Company.

Experience wise Mag Finserv Company Credit Manager salaries

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
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5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr

Similar Designation salaries in Mag Finserv Company

Credit Officer Salary

(3 salaries)

₹1.8 L/yr - ₹4.5 L/yr

Branch Manager Salary

(9 salaries)

₹3.4 L/yr - ₹5.34 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Credit Executive Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹0.7 L/yr - ₹0.9 L/yr

Top skills at Mag Finserv Company for Credit Manager

Credit Management Financial operations Microfinance NBFC Business Loan Housing Banking

Salary related reviews for Mag Finserv Company

Product Manager in Belgaum

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.

Dislikes

Plz dont join that company otherwise your career will stop

Department Manager in Pune

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.

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a technical project manager

Deadend

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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Mag Finserv Company Credit Manager Salary FAQs

What is the salary of Credit Manager at Mag Finserv Company?

Credit Manager salary at Mag Finserv Company in India ranges between ₹2.2 Lakhs to ₹4.6 Lakhs for experience between 3 years to 5 years. According to our estimates it is 55% less than the average Credit Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Mag Finserv Company India.

How does the salary of a Credit Manager at Mag Finserv Company India compare with the average salary range for this job?

The average salary of a Credit Manager at Mag Finserv Company is 55% less than the average salary of a Credit Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Credit Manager at Mag Finserv Company?

Credit Management, Financial operations, Microfinance, NBFC and Business Loan are some of the popular skills required to work as a Credit Manager at Mag Finserv Company India.

Which similar companies are paying more than Mag Finserv Company to a Credit Manager in India?

Volkswagen Finance Credit Manager Salary - ₹10.4 Lakhs to ₹18.0 Lakhs per year
Anand Rathi Global Finance Credit Manager Salary - ₹4.6 Lakhs to ₹10.5 Lakhs per year
Ratnaafin Capital Credit Manager Salary - ₹4.0 Lakhs to ₹9.0 Lakhs per year
Poonawalla Finance Credit Manager Salary - ₹3.0 Lakhs to ₹10.0 Lakhs per year
ECL Finance Credit Manager Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year

What is the salary of a Credit Manager in companies similar to Mag Finserv Company in India?

Hinduja Finance Credit Manager Salary - ₹3.6 Lakhs to ₹8.5 Lakhs per year
Muthoot Housing Finance Company Credit Manager Salary - ₹2.8 Lakhs to ₹7.8 Lakhs per year
Indian School Finance Company Credit Manager Salary - ₹4.0 Lakhs to ₹6.8 Lakhs per year
Rattanindia Finance Credit Manager Salary - ₹3.0 Lakhs to ₹8.5 Lakhs per year
Sustainable Agro-commercial Finance Credit Manager Salary - ₹3.0 Lakhs to ₹6.3 Lakhs per year

What is the estimated take home salary of a Credit Manager at Mag Finserv Company in India?

The estimated take-home salary of a Credit Manager at Mag Finserv Company ranges between ₹25,113 per month to ₹26,550 per month in India. The take-home salary calculation is based on the average Mag Finserv Company Credit Manager salary in India which ranges between ₹2.2 Lakhs to ₹4.6 Lakhs per year for employees with experience between 3 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Credit Manager at Mag Finserv Company?

According to AmbitionBox, 100% of the Mag Finserv Company Credit Managers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Mag Finserv Company Credit Manager Salaries

Mag Finserv Company Credit Manager salary in India ranges between ₹2.2 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mag Finserv Company latest salaries received from various employees of Mag Finserv Company.