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MagicBricks Assistant Manager 1 salaries in India

Annual salary range
4 - 11 years exp.
₹12.3 Lakhs - ₹17.9 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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226% more than the average Assistant Manager 1 Salary in Internet Companies for 4 - 11 years of experience

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Last Updated: 16 Mar 2023

Companies similar to MagicBricks for Assistant Manager 1

Company name Avg Annual Salary Open Jobs
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ICICI Bank Assistant Manager 1 Salary

1 - 4 years exp. (240 salaries)

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₹2 L/yr - ₹5 L/yr

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Kotak Mahindra Bank Assistant Manager 1 Salary

0 - 6 years exp. (149 salaries)

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₹2 L/yr - ₹4.2 L/yr

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₹2.2 L/yr - ₹5.2 L/yr

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HDFC Bank Assistant Manager 1 Salary

1 - 6 years exp. (58 salaries)

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₹2.5 L/yr - ₹4.5 L/yr

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Axis Bank Assistant Manager 1 Salary

0 - 4 years exp. (39 salaries)

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₹2.5 L/yr - ₹5 L/yr

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Assistant Manager 1 salary at MagicBricks ranges between ₹12.3 Lakhs to ₹17.9 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 6 latest salaries received from various employees of MagicBricks.

Latest annual salaries shared by MagicBricks Assistant Manager 1

1y ago
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4 years exp.
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6 years exp.
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10 years exp.
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9 years exp.

Experience wise MagicBricks Assistant Manager 1 salaries

Last Updated: 16 Mar 2023

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹11.1 L/yr - ₹14.1 L/yr
5 years (AmbitionBox Estimate)

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₹11.1 L/yr - ₹14.1 L/yr
6 years (AmbitionBox Estimate)

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₹11.7 L/yr - ₹15 L/yr
7 years (AmbitionBox Estimate)

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₹12.6 L/yr - ₹16.1 L/yr
8 years (AmbitionBox Estimate)

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₹13.5 L/yr - ₹17.2 L/yr
View all

Similar Designation salaries in MagicBricks

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₹8 L/yr - ₹16 L/yr
Team Manager Salary
(16 salaries)
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₹4.05 L/yr - ₹15 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Branch Manager Salary
(AmbitionBox Estimate)
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₹19.5 L/yr - ₹25 L/yr
Deputy Manager Salary
(4 salaries)
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₹6.1 L/yr - ₹10.5 L/yr
Sales Manager Salary
(47 salaries)
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₹3.95 L/yr - ₹11.58 L/yr
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₹1.5 L/yr - ₹4.6 L/yr
Team Lead Salary
(87 salaries)
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₹3.45 L/yr - ₹11 L/yr
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₹2.15 L/yr - ₹8.5 L/yr
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₹2.3 L/yr - ₹3.9 L/yr

Salary related reviews for MagicBricks

Home loan process Department

1.0
  •  posted on 26 Dec 2021

1.0
 for  Salary and Benefits

Likes

It is terrible to work with magicbricks. Seniors are not supportive at all. They are just taking their salary and removing people from the company who genuinely wants to work and HR and CEO doesn't take any interest in hearing from employee side. It is better to stay unemployed while deciding to go to magicbricks.

read more

Dislikes

Nothing is worth liking in magicbricks.It is terrible working there.

  • Salary - Bad
  • +6 more

Other Department

3.0
  •  posted on 23 May 2020

4.0
 for  Salary and Benefits

Likes

The company is good enough to start off your journey as a fresher they offer average salary 6 days working with rotational off, However generating lead pressure is far higher than what you actually can think of seems monotonous after working long period of time salary on time full politics culture no growths will remain the agent for a long time

read more
  • Salary - Good
  • +2 more

Dislikes

Compansation is good

  • Promotions - Poor
  • +1 more

Sales & Business Development Department

1.0
  •  posted on 18 Jun 2020

3.0
 for  Salary and Benefits

Likes

Company kicks many employess in 2nd month of lockdown in april and regullary company want salary into 20 times business .. never expect this from magicbricks times of india

read more

Dislikes

Ur boss is boss .. u even cant give suggession

  • Job security - Bad
  • +2 more

Production, Manufacturing & Engineering Department

4.0
  •  posted on 30 Aug 2019

2.0
 for  Salary and Benefits

Likes

The environment of the company is very comfortable for us. Our team leader supports us and encourages.The a

  • Skill development - Good
  • +2 more

Dislikes

...f the company is very poor because we are on the pay roll of team lease company. It does not think for the increment of the salary while we have worked here for more than one year.

read more
  • Salary - Poor
  • +1 more

Full Time

 · 

Legal & Regulatory Department

1.0
  •  posted on 14 Feb 2025

1.0
 for  Salary and Benefits

Likes

Great infrastructure.

Dislikes

...ers are underpaid (only 8-10k) while being made to handle significant workloads. The compensation offered to freshers is shockingly low, making it an unattractive place for young professionals seeking fair pay and career growth. 3. Favoritism & Referral Bias: There is a clear bias towards existing employees. Since the company provides monetary incentives for employee referrals, current employees primarily refer their close ones rather than qualified candidates. This has resulted in a toxic work culture where deserving candidates are overlooked in favor of personal connections. 4. Questionable Leadership in the Legal Department: The Head Legal is on a contract but does not contribute effectively. Attendance is irregular, and even when present, personal work seems to take priority over company responsibilities . Additionally, the hiring of the Assistant Legal Manager raises serious concerns about favoritism and ethical standards. 5. Nepotism & Unethical Practices: The appointment of the Assistant Manager Legal appears to be a case of blatant nepotism. It might be possible that the Head Legal received financial benefits in exchange for recommending the candidate. This raises serious ethical concerns and questions the integrity of the hiring process. Such careless hiring has negatively impacted the efficiency and credibility of the legal department. FINAL VERDICT: This company prioritizes favoritism, internal politics, and personal gains over talent and merit. Freshers should be cautious before joining, as they are likely to be exploited with low pay and contractual roles. The legal department, in particular, suffers from poor leadership, unethical hiring, and inefficiency. A serious overhaul of the hiring process and leadership accountability is necessary for the company to improve its work culture. WOULD NOT RECOMMEND TO FRESHERS OR PROFESSIONALS LOOKING FOR FAIR CAREER OPPROTUNITIES.

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

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MagicBricks Assistant Manager 1 Salary FAQs

What is the salary of Assistant Manager 1 at MagicBricks ?
The average salary of a Assistant Manager 1 at MagicBricks in India typically ranges from ₹12.3 Lakhs to ₹17.9 Lakhs per year, depending on experience (from 4 years to 11 years).

The top 10% of Assistant Manager 1 at MagicBricks earn more than ₹17.8 Lakhs per year, and the top 1% earn over ₹17.9 Lakhs per year. Assistant Manager 1 Salaries at MagicBricks 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 6 MagicBricks employees in India.
What is the estimated take home salary of a Assistant Manager 1 at MagicBricks in India?
The estimated take-home salary of a Assistant Manager 1 at MagicBricks in India typically ranges from ₹1,01,624 to ₹1,04,398 per month. This is based on the average salary range of ₹12.3 Lakhs to ₹17.9 Lakhs per year for employees with experience ranging from 4 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 6 salaries received from various employees of MagicBricks. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Assistant Manager 1 in companies similar to MagicBricks in India?
The salary of a Assistant Manager 1 at companies similar to MagicBricks in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank ₹2.5 Lakhs to ₹5.0 Lakhs per year
Utkarsh Small Finance Bank ₹2.2 Lakhs to ₹5.2 Lakhs per year
HDFC Bank ₹2.5 Lakhs to ₹4.5 Lakhs per year
ICICI Bank ₹2.0 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindra Bank ₹2.0 Lakhs to ₹4.2 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 Assistant Manager 1 at MagicBricks in India?
The salary growth for a Assistant Manager 1 at MagicBricks depends on factors such as experience, performance, and promotions. On average, a Assistant Manager 1 can expect the following growth trajectory at MagicBricks:

Experience Average Salary Range
4 years ₹11.1 Lakhs to ₹14.1 Lakhs per year
5 years ₹11.1 Lakhs to ₹14.1 Lakhs per year
6 years ₹11.7 Lakhs to ₹15.0 Lakhs per year
7 years ₹12.6 Lakhs to ₹16.1 Lakhs per year
and so on.

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MagicBricks Assistant Manager 1 salary in India ranges between ₹12.3 Lakhs to ₹17.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 MagicBricks latest salaries received from various employees of MagicBricks.