Magma Consumer Finance CFO Salaries by 4 Employees

Last Updated: 16 Mar 2024

Companies similar to Magma Consumer Finance for CFO

Company name	Avg Annual Salary	Open Jobs
Reliance Industries CFO Salary null years exp. (4 salaries)	₹3.5 L/yr - ₹1 Cr/yr 44% less
Stellar Value Chain Solutions CFO Salary 15 - 18 years exp. (8 salaries)	₹66 L/yr - ₹78 L/yr 34% more
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American Broadcasting Company CFO Salary 3 - 15 years exp. (9 salaries)	₹14.4 L/yr - ₹50 L/yr 43% less
Gerresheimer CFO Salary 16 - 18 years exp. (5 salaries)	₹78 L/yr - ₹1 Cr/yr 64% more

CFO salary at Magma Consumer Finance ranges between ₹50 Lakhs to ₹58 Lakhs per year for employees with experience between 12 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Magma Consumer Finance.

Experience wise Magma Consumer Finance CFO salaries

Last Updated: 16 Mar 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹50.4 L/yr - ₹55.7 L/yr
13 years (AmbitionBox Estimate)	₹55.1 L/yr - ₹60.9 L/yr
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15+ years (AmbitionBox Estimate)	₹51.3 L/yr - ₹56.7 L/yr

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Magma Consumer Finance CFO Salary FAQs

What is the salary of CFO at Magma Consumer Finance ?

The average salary of a CFO at Magma Consumer Finance in India typically ranges from ₹50.0 Lakhs to ₹58.0 Lakhs per year, depending on experience (from 12 years to 17 years).

The top 10% of CFO at Magma Consumer Finance earn more than ₹58.0 Lakhs per year, and the top 1% earn over ₹58.0 Lakhs per year. CFO Salaries at Magma Consumer Finance 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 4 Magma Consumer Finance employees in India.

What is the estimated take home salary of a CFO at Magma Consumer Finance in India?

The estimated take-home salary of a CFO at Magma Consumer Finance in India typically ranges from ₹3,06,457 to ₹3,18,538 per month. This is based on the average salary range of ₹50.0 Lakhs to ₹58.0 Lakhs per year for employees with experience ranging from 12 years to 17 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 4 salaries received from various employees of Magma Consumer Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Magma Consumer Finance for CFO in India?

Gerresheimer	₹78.0 Lakhs to ₹100.0 Lakhs per year
Stellar Value Chain Solutions	₹66.0 Lakhs to ₹78.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Magma Consumer Finance, depending on the role and experience level.

What is the salary of a CFO in companies similar to Magma Consumer Finance in India?

The salary of a CFO at companies similar to Magma Consumer Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

American Broadcasting Company	₹14.4 Lakhs to ₹50.0 Lakhs per year
Reliance Industries	₹3.5 Lakhs to ₹100.0 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 CFO at Magma Consumer Finance in India?

The salary growth for a CFO at Magma Consumer Finance depends on factors such as experience, performance, and promotions. On average, a CFO can expect the following growth trajectory at Magma Consumer Finance:

Experience	Average Salary Range
12 years	₹50.4 Lakhs to ₹55.7 Lakhs per year
13 years	₹55.1 Lakhs to ₹60.9 Lakhs per year
15 years	₹51.3 Lakhs to ₹56.7 Lakhs per year

and so on.

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Magma Consumer Finance CFO Salaries

Magma Consumer Finance CFO salary in India ranges between ₹50 Lakhs to ₹58 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magma Consumer Finance latest salaries received from various employees of Magma Consumer Finance.