Magma Housing Finance Assistant Sales Manager Salaries by 4 Employees (Updated 2025)

4 - 10 years exp.

₹2.6 Lakhs - ₹5.2 Lakhs

Low Confidence

Salary of majority employees

28% less than the average Assistant Sales Manager Salary in Financial Services Companies for 4 - 10 years of experience

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Salaries in different departments

Sales & Business Development Assistant Sales Manager Salary 8 - 10 years exp. (3 salaries)	₹5 L/yr - ₹5.2 L/yr
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Finance & Accounting Assistant Sales Manager Salary 4 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr

Last Updated: 17 Mar 2023

Companies similar to Magma Housing Finance for Assistant Sales Manager

Company name	Avg Annual Salary	Open Jobs
LIC Housing Finance Assistant Sales Manager Salary 3 - 8 years exp. (58 salaries)	₹2.4 L/yr - ₹4.3 L/yr 20% less
HDFC Bank Assistant Sales Manager Salary 2 - 11 years exp. (113 salaries)	₹1.6 L/yr - ₹6 L/yr 27% less
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Piramal Capital Housing Finance Assistant Sales Manager Salary 3 - 8 years exp. (6 salaries)	₹3.1 L/yr - ₹3.8 L/yr 26% less
Repco Home Finance Assistant Sales Manager Salary 3 - 10 years exp. (4 salaries)	₹3 L/yr - ₹6.5 L/yr 10% more
L&T Finance Assistant Sales Manager Salary 2 - 5 years exp. (5 salaries)	₹2.5 L/yr - ₹5.6 L/yr 7% less
Edelweiss Assistant Sales Manager Salary 6 - 11 years exp. (4 salaries)	₹7 L/yr - ₹8.5 L/yr 68% more
Bajaj Finserv Assistant Sales Manager Salary 0 - 7 years exp. (304 salaries)	₹2 L/yr - ₹7 L/yr 7% less
Aditya Birla Capital Assistant Sales Manager Salary 0 - 4 years exp. (57 salaries)	₹2.8 L/yr - ₹3.7 L/yr 30% less
Motilal Oswal Financial Services Assistant Sales Manager Salary 1 - 9 years exp. (16 salaries)	₹3 L/yr - ₹6.1 L/yr 2% less
Sharekhan Assistant Sales Manager Salary 1 - 16 years exp. (14 salaries)	₹2.8 L/yr - ₹6 L/yr 13% less
Bajaj Capital Assistant Sales Manager Salary 2 - 5 years exp. (5 salaries)	₹1.5 L/yr - ₹5.1 L/yr 35% less
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Reliance Capital Assistant Sales Manager Salary 2 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹3.2 L/yr 36% less
Nippon Life India Asset Management Assistant Sales Manager Salary 8 - 9 years exp. (4 salaries)	₹2.6 L/yr - ₹7.5 L/yr 34% more
The Muthoot Group Assistant Sales Manager Salary 3 - 15 years exp. (4 salaries)	₹3.5 L/yr - ₹6.3 L/yr 5% less
Shriram Housing Finance Assistant Sales Manager Salary 0 - 5 years exp. (3 salaries)	₹2.8 L/yr - ₹4.6 L/yr 12% less
ICICI Securities Assistant Sales Manager Salary 2 - 8 years exp. (3 salaries)	₹2 L/yr - ₹6 L/yr 20% less
Geojit Financial Services Assistant Sales Manager Salary 2 - 3 years exp. (3 salaries)	₹3.5 L/yr - ₹6 L/yr 15% more
JM Financial Assistant Sales Manager Salary 5 - 9 years exp. (3 salaries)	₹6.6 L/yr - ₹10 L/yr 98% more

Assistant Sales Manager salary at Magma Housing Finance ranges between ₹2.6 Lakhs to ₹5.2 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Assistant Sales Manager salaries

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
8 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
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9 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr

Similar Designation salaries in Magma Housing Finance

Area Sales Manager Salary

(7 salaries)

₹7.75 L/yr - ₹12 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹9.7 L/yr - ₹12.4 L/yr

Sales Manager Salary

(22 salaries)

₹3.55 L/yr - ₹10.44 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹12.1 L/yr - ₹15.4 L/yr

Relationship Manager Salary

(100 salaries)

₹2.4 L/yr - ₹5.15 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

Business Development Manager Salary

(AmbitionBox Estimate)

₹4.2 L/yr - ₹5.4 L/yr

Salary related reviews for Magma Housing Finance

5.0

Rated by 1 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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Magma Housing Finance Assistant Sales Manager Salary FAQs

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

Assistant Sales Manager salary at Magma Housing Finance in India ranges between ₹2.6 Lakhs to ₹5.2 Lakhs for experience between 4 years to 10 years. According to our estimates it is 28% less than the average Assistant Sales Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Magma Housing Finance India.

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

The average salary of a Assistant Sales Manager at Magma Housing Finance is 28% less than the average salary of a Assistant Sales Manager in India. To know exact salary insights, login to view.

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

JM Financial Assistant Sales Manager Salary - ₹6.6 Lakhs to ₹10.0 Lakhs per year
Edelweiss Assistant Sales Manager Salary - ₹7.0 Lakhs to ₹8.5 Lakhs per year
Nippon Life India Asset Management Assistant Sales Manager Salary - ₹2.6 Lakhs to ₹7.5 Lakhs per year
Geojit Financial Services Assistant Sales Manager Salary - ₹3.5 Lakhs to ₹6.0 Lakhs per year
Repco Home Finance Assistant Sales Manager Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year

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

Motilal Oswal Financial Services Assistant Sales Manager Salary - ₹3.0 Lakhs to ₹6.1 Lakhs per year
The Muthoot Group Assistant Sales Manager Salary - ₹3.5 Lakhs to ₹6.3 Lakhs per year
Bajaj Finserv Assistant Sales Manager Salary - ₹2.0 Lakhs to ₹7.0 Lakhs per year
L&T Finance Assistant Sales Manager Salary - ₹2.5 Lakhs to ₹5.6 Lakhs per year
Shriram Housing Finance Assistant Sales Manager Salary - ₹2.8 Lakhs to ₹4.6 Lakhs per year

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

The estimated take-home salary of a Assistant Sales Manager at Magma Housing Finance ranges between ₹33,347 per month to ₹34,611 per month in India. The take-home salary calculation is based on the average Magma Housing Finance Assistant Sales Manager salary in India which ranges between ₹2.6 Lakhs to ₹5.2 Lakhs per year for employees with experience between 4 years to 10 years. Check how did we calculate take home salary?

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

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

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Magma Housing Finance Assistant Sales Manager Salaries

Magma Housing Finance Assistant Sales Manager salary in India ranges between ₹2.6 Lakhs to ₹5.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.