Magma Housing Finance Area Sales Manager Salaries by 7 Employees (Updated 2025)

9 - 18 years exp.

₹7.8 Lakhs - ₹12 Lakhs

Low Confidence

Salary of majority employees

7% more than the average Area Sales Manager Salary in Financial Services Companies for 9 - 18 years of experience

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Salaries in different departments

Sales & Business Development Area Sales Manager Salary 12 - 15 years exp. (4 salaries)	₹7.8 L/yr - ₹12 L/yr
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BFSI, Investments & Trading Area Sales Manager Salary 9 - 13 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹12 L/yr

Last Updated: 2 Aug 2024

Companies similar to Magma Housing Finance for Area Sales Manager

Company name	Avg Annual Salary	Open Jobs
LIC Housing Finance Area Sales Manager Salary 5 - 10 years exp. (5 salaries)	₹3.8 L/yr - ₹4.3 L/yr 61% less
HDFC Bank Area Sales Manager Salary 8 - 19 years exp. (314 salaries)	₹6.9 L/yr - ₹23.9 L/yr 42% more
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Sammaan Capital Limited Area Sales Manager Salary 6 - 17 years exp. (106 salaries)	₹3.7 L/yr - ₹15 L/yr 15% less
Piramal Capital Housing Finance Area Sales Manager Salary 8 - 19 years exp. (67 salaries)	₹7.9 L/yr - ₹16.2 L/yr 20% more
PNB Housing Finance Area Sales Manager Salary 4 - 13 years exp. (224 salaries)	₹4.5 L/yr - ₹13 L/yr 16% less
GIC Housing Finance Area Sales Manager Salary 4 - 10 years exp. (4 salaries)	₹4.5 L/yr - ₹13.8 L/yr 24% less
L&T Finance Area Sales Manager Salary 5 - 14 years exp. (284 salaries)	₹4 L/yr - ₹16 L/yr 6% less
Edelweiss Area Sales Manager Salary 10 - 17 years exp. (60 salaries)	₹7.6 L/yr - ₹15.5 L/yr 10% more
Bajaj Finserv Area Sales Manager Salary 4 - 13 years exp. (374 salaries)	₹4.9 L/yr - ₹15.7 L/yr 1% more
Aditya Birla Capital Area Sales Manager Salary 6 - 16 years exp. (106 salaries)	₹4.8 L/yr - ₹18.2 L/yr 15% more
Motilal Oswal Financial Services Area Sales Manager Salary 1 - 16 years exp. (42 salaries)	₹3.3 L/yr - ₹13 L/yr 27% less
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Truhome Finance Area Sales Manager Salary 10 - 20 years exp. (40 salaries)	₹9.6 L/yr - ₹19 L/yr 38% more
JM Financial Area Sales Manager Salary 9 - 17 years exp. (14 salaries)	₹5.3 L/yr - ₹14 L/yr 2% less
Sharekhan Area Sales Manager Salary 6 - 19 years exp. (7 salaries)	₹4.8 L/yr - ₹10 L/yr 23% less
ICICI Securities Area Sales Manager Salary 3 - 12 years exp. (7 salaries)	₹3.5 L/yr - ₹5.2 L/yr 61% less
Bajaj Capital Area Sales Manager Salary 2 - 15 years exp. (6 salaries)	₹4.4 L/yr - ₹6.5 L/yr 47% less
The Muthoot Group Area Sales Manager Salary 0 - 15 years exp. (5 salaries)	₹4.2 L/yr - ₹8.2 L/yr 47% less
Reliance Capital Area Sales Manager Salary 7 - 14 years exp. (4 salaries)	₹4.5 L/yr - ₹11.7 L/yr 25% less
Nippon Life India Asset Management Area Sales Manager Salary 1 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹14.9 L/yr 21% less

Area Sales Manager salary at Magma Housing Finance ranges between ₹7.8 Lakhs to ₹12 Lakhs per year for employees with experience between 9 years to 18 years. Salary estimates are based on 7 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Area Sales Manager salaries

Last Updated: 2 Aug 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹9 L/yr - ₹17.3 L/yr
10 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
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11 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
12 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹12 L/yr
13 years (AmbitionBox Estimate)	₹9 L/yr - ₹12 L/yr
14 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹18.9 L/yr
15+ years (AmbitionBox Estimate)	₹4.4 L/yr - ₹12 L/yr

View all

Similar Designation salaries in Magma Housing Finance

Sales Manager Salary

(22 salaries)

₹3.55 L/yr - ₹10.44 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹9.7 L/yr - ₹12.4 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

Assistant Sales Manager Salary

(4 salaries)

₹2.6 L/yr - ₹5.2 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Sales Officer Salary

(4 salaries)

₹2.5 L/yr - ₹3 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹12.1 L/yr - ₹15.4 L/yr

Senior Sales Officer Salary

(5 salaries)

₹2.5 L/yr - ₹2.65 L/yr

Relationship Manager Salary

(100 salaries)

₹2.4 L/yr - ₹5.15 L/yr

Salary related reviews for Magma Housing Finance

4.7

Rated by 3 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.

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.

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

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.

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.

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

Work-life balance - Poor

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Magma Housing Finance Area Sales Manager Salary FAQs

What is the salary of Area Sales Manager at Magma Housing Finance?

Area Sales Manager salary at Magma Housing Finance in India ranges between ₹7.8 Lakhs to ₹12.0 Lakhs for experience between 9 years to 18 years. According to our estimates it is 7% more than the average Area Sales Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Magma Housing Finance India.

How does the salary of a Area Sales Manager at Magma Housing Finance India compare with the average salary range for this job?

The average salary of a Area Sales Manager at Magma Housing Finance is 7% more than the average salary of a Area Sales Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magma Housing Finance to a Area Sales Manager in India?

HDFC Bank Area Sales Manager Salary - ₹6.9 Lakhs to ₹23.9 Lakhs per year
Truhome Finance Area Sales Manager Salary - ₹9.6 Lakhs to ₹19.0 Lakhs per year
Piramal Capital Housing Finance Area Sales Manager Salary - ₹7.9 Lakhs to ₹16.2 Lakhs per year
Aditya Birla Capital Area Sales Manager Salary - ₹4.8 Lakhs to ₹18.2 Lakhs per year
Edelweiss Area Sales Manager Salary - ₹7.6 Lakhs to ₹15.5 Lakhs per year

What is the salary of a Area Sales Manager in companies similar to Magma Housing Finance in India?

Bajaj Finserv Area Sales Manager Salary - ₹4.9 Lakhs to ₹15.7 Lakhs per year
JM Financial Area Sales Manager Salary - ₹5.3 Lakhs to ₹14.0 Lakhs per year
L&T Finance Area Sales Manager Salary - ₹4.0 Lakhs to ₹16.0 Lakhs per year
Sammaan Capital Limited Area Sales Manager Salary - ₹3.7 Lakhs to ₹15.0 Lakhs per year
PNB Housing Finance Area Sales Manager Salary - ₹4.5 Lakhs to ₹13.0 Lakhs per year

What is the estimated take home salary of a Area Sales Manager at Magma Housing Finance in India?

The estimated take-home salary of a Area Sales Manager at Magma Housing Finance ranges between ₹75,037 per month to ₹76,979 per month in India. The take-home salary calculation is based on the average Magma Housing Finance Area Sales Manager salary in India which ranges between ₹7.8 Lakhs to ₹12.0 Lakhs per year for employees with experience between 9 years to 18 years. Check how did we calculate take home salary?

What is the notice period for Area Sales Manager at Magma Housing Finance?

According to AmbitionBox, 100% of the Magma Housing Finance Area Sales Managers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Magma Housing Finance Area Sales Manager Salaries

Magma Housing Finance Area Sales Manager salary in India ranges between ₹7.8 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.