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Magma Housing Finance

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4.4

based on 151 Reviews

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Magma Housing Finance Salaries in India (Updated 2025)

based on 531 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Finance & Accounting Sales & Business Development Marketing & Communication + 6 more
Designation Avg Annual Salary Open Jobs

Relationship Manager

2 - 9 years exp. (100 salaries)
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₹2.4 L/yr - ₹5.2 L/yr

Sales Manager

2 - 15 years exp. (22 salaries)
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₹3.6 L/yr - ₹10.4 L/yr

Branch Credit Manager

4 - 11 years exp. (22 salaries)
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₹4.7 L/yr - ₹12.5 L/yr

Technical Manager

2 - 7 years exp. (17 salaries)
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₹3.4 L/yr - ₹7.5 L/yr

Starting your career? Discover Magma Housing Finance fresher salaries in India

Credit Manager

2 - 10 years exp. (14 salaries)
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₹3.5 L/yr - ₹10.5 L/yr

Credit Analyst

2 - 6 years exp. (13 salaries)
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₹3 L/yr - ₹3.8 L/yr

Senior Sales Executive

2 - 4 years exp. (11 salaries)
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₹2 L/yr - ₹4 L/yr

Branch Sales Manager

5 - 16 years exp. (9 salaries)
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₹6 L/yr - ₹8.5 L/yr

Assistant Credit Manager

2 - 7 years exp. (7 salaries)
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₹3.8 L/yr - ₹5.6 L/yr

Area Sales Manager

9 - 18 years exp. (7 salaries)
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₹7.8 L/yr - ₹12 L/yr

Collection Officer

4 - 9 years exp. (7 salaries)
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₹2.4 L/yr - ₹3.5 L/yr

Regional Credit Manager

12 - 20 years exp. (6 salaries)
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₹20 L/yr - ₹24.9 L/yr

Senior Collection Officer

8 - 13 years exp. (6 salaries)
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₹3.9 L/yr - ₹4.4 L/yr

Senior Sales Officer

0 - 5 years exp. (5 salaries)
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₹2.5 L/yr - ₹2.6 L/yr

Area Credit Manager

0 - 17 years exp. (5 salaries)
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₹8.1 L/yr - ₹13.8 L/yr

Assistant Manager Technical

2 - 8 years exp. (5 salaries)
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₹3.7 L/yr - ₹4.5 L/yr

Regional Sales Manager

13 - 20 years exp. (5 salaries)
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₹19 L/yr - ₹24 L/yr

Sales Executive

4 - 5 years exp. (4 salaries)
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₹2 L/yr - ₹4.1 L/yr

Regional Technical Manager

8 - 11 years exp. (4 salaries)
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₹16.7 L/yr - ₹20.7 L/yr

Assistant Sales Manager

4 - 10 years exp. (4 salaries)
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₹2.6 L/yr - ₹5.2 L/yr

Last Updated: 7 Feb, 2025

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Salary related reviews for Magma Housing Finance

3.7

Rated by 151 employees for salary & benefits

Assistant Manager Finance & Accounts in Pune

Finance & Accounting Department

3.0
  •  posted on 30 Jun 2022
3.0
 for  Salary and Benefits

Likes

Team work and learning experience was really good for a fresher. Politics was the worst one especially by the senior managers.

read more
  • Job security - Excellent
    • +1 more

Dislikes

Politics especially by the senior managers. Few of them even harassed their subordinates.

  • Work-life balance - Poor

Associate in Kolkata

Finance & Accounting Department

3.0
  •  posted on 18 May 2021
2.0
 for  Salary and Benefits

Likes

Job security is there but not growth. You will learn many things in first two years.

Dislikes

Depends on department to department. Poor work culture, higher management will give u lots of work by saying you are senior and you have to manage alone the task of two. Poor team management, seniors will put unnecessary pressure. No good compensation, no leadership quality in bosses. Repetitive and laborious job. No one talks about new idea. Your suggestions will not be consider in front of seniors.

read more
  • Salary - Poor
    • +2 more

Branch Credit Manager in Gwalior

Housing Finance Department

5.0
  •  posted on 23 Aug 2020
5.0
 for  Salary and Benefits

Likes

Magma housing finance working culture are good with 100% job satisfaction and job security. Magma help during Covid - 19 lock down through work from home to all employee and after lock down learn all security point like keep mask, keep 3 feet distance, hand wash etc all paint remember to all employee par day. Also Magma housing finance donate some fund in PM Covid - 19 fund which is help for Covid patent. THANKS TO MAGMA FOR GETTING THIS OPPORTUNITY TO ME

read more
  • Salary - Excellent
    • +6 more

Dislikes

Sorry no dislike things

Relationship Manager in Eluru

Other Department

1.0
  •  posted on 11 Oct 2020
1.0
 for  Salary and Benefits

Likes

No supporting any employee. Only marketing publicity found transfer for pm account. With employee curshel situation covid19 time. my personal.

read more

Dislikes

Magma company is super competaion to banks.but heads is very dangers, politics,

  • Salary - Bad
    • +6 more

Assistant Credit Manager in Indore

Home Loan Department

5.0
  •  posted on 22 Jun 2020
5.0
 for  Salary and Benefits

Likes

The company is adaptive toward new and updated technology and changes with the current scenario. Teach a lot to the employee about the policies, work enhancement by their training sessions and empower them to give their best.

read more
  • Salary - Excellent
    • +5 more

Dislikes

Company have decent schedule and work culture but not respected and practice by the team. Late night working, holidays forcefully working, more then 12 hours working, office politics, etc

read more
  • Work-life balance - Poor
see more salary related reviews

Magma Housing Finance interview questions by designations

Relationship Manager (3)General Manager (1)Regional Operations Manager (1)
View all 5 interview experiences
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More about working at Magma Housing Finance

Magma Housing Finance Salary FAQs

How much does Magma Housing Finance pay per year?
The average Magma Housing Finance salary ranges from approximately ₹2.5 Lakhs to ₹2.7 Lakhs per year for a Senior Sales Officer and ₹20 Lakhs to ₹24.9 Lakhs per year for a Regional Credit Manager. Salary estimates are based on 531 Magma Housing Finance salaries received from various employees of Magma Housing Finance. Magma Housing Finance employees rate the overall salary and benefits package 3.7/5 stars.
What is the highest salary in Magma Housing Finance?
The highest-paying job at Magma Housing Finance is a Regional Credit Manager with a salary of ₹20 Lakhs to ₹24.9 Lakhs per year. The top 10% of employees earn more than ₹13.53 lakhs per year. The top 1% earn more than a whopping ₹35.60 lakhs per year.
What is the minimum salary in Magma Housing Finance?
Minimum salary at Magma Housing Finance depends on the role you are applying for. For Senior Sales Executive the minimum salary is ₹2 Lakhs to ₹4 Lakhs per year, and for Senior Executive the minimum salary is ₹2.5 Lakhs to ₹5 Lakhs per year and so on.
What is the notice period at Magma Housing Finance?
According to AmbitionBox, 38% of the Magma Housing Finance employees reported a notice period of 1 Month, 22% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 40 responses on AmbitionBox in last 2 years.

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Magma Housing Finance Salaries by Location

Average annual salary in Magma Housing Finance is INRunlock blur . Salary estimates are based on 531 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.

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