Magma Housing Finance Collections Manager Salaries by 3 Employees

12 - 15 years exp.

₹6 Lakhs - ₹17 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

91% more than the average Collections Manager Salary in Financial Services Companies for 12 - 15 years of experience

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Salaries in different departments

Risk Management & Compliance Collections Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹9.1 L/yr - ₹17 L/yr
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BFSI, Investments & Trading Collections Manager Salary 12 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 9 Sep 2024

Companies similar to Magma Housing Finance for Collections Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finserv Collections Manager Salary 0 - 10 years exp. (450 salaries)	₹1.1 L/yr - ₹8.5 L/yr 54% less
Aditya Birla Capital Collections Manager Salary 3 - 14 years exp. (79 salaries)	₹3.1 L/yr - ₹10.3 L/yr 40% less
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Srei Equipment Finance Collections Manager Salary 3 - 15 years exp. (31 salaries)	₹2 L/yr - ₹6.1 L/yr 64% less
Edelweiss Collections Manager Salary 3 - 15 years exp. (14 salaries)	₹3.5 L/yr - ₹10.5 L/yr 40% less
Aditya Birla Housing Finance Collections Manager Salary 5 - 14 years exp. (11 salaries)	₹4.9 L/yr - ₹8.5 L/yr 39% less
The Muthoot Group Collections Manager Salary 2 - 19 years exp. (8 salaries)	₹3 L/yr - ₹6.4 L/yr 57% less
Reliance Capital Collections Manager Salary 5 - 11 years exp. (6 salaries)	₹4.5 L/yr - ₹6.6 L/yr 52% less
Bajaj Capital Collections Manager Salary 5 - 9 years exp. (5 salaries)	₹3.4 L/yr - ₹3.8 L/yr 67% less
Srei Infrastructure Finance Collections Manager Salary 6 - 10 years exp. (5 salaries)	₹2.4 L/yr - ₹5 L/yr 61% less
Motilal Oswal Financial Services Collections Manager Salary 4 - 12 years exp. (4 salaries)	₹3 L/yr - ₹5.5 L/yr 63% less

Collections Manager salary at Magma Housing Finance ranges between ₹6 Lakhs to ₹17 Lakhs per year for employees with experience between 12 years to 15 years. Salary estimates are based on 3 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Collections Manager salaries

Last Updated: 9 Sep 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
14 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr
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15+ years (AmbitionBox Estimate)	₹15.3 L/yr - ₹19.5 L/yr

Similar Designation salaries in Magma Housing Finance

Collection Officer Salary

(7 salaries)

₹2.4 L/yr - ₹3.5 L/yr

Zonal Collection Manager Salary

(AmbitionBox Estimate)

₹20.7 L/yr - ₹26.5 L/yr

Relationship Manager Salary

(100 salaries)

₹2.4 L/yr - ₹5.15 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

Deputy Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Senior Collection Officer Salary

(6 salaries)

₹3.85 L/yr - ₹4.4 L/yr

Sales Executive Salary

(4 salaries)

₹2 L/yr - ₹4.05 L/yr

Team Lead Salary

(4 salaries)

₹4.4 L/yr - ₹4.5 L/yr

State Head Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Salary related reviews for Magma Housing Finance

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

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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 Housing Finance Collections Manager Salary FAQs

How the salary growth look like for a Collections Manager at Magma Housing Finance in India?

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

Experience	Average Salary Range
12 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
14 years	₹8.2 Lakhs to ₹10.5 Lakhs per year
15 years	₹15.3 Lakhs to ₹19.5 Lakhs per year

and so on.

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Magma Housing Finance Collections Manager Salaries

Magma Housing Finance Collections Manager salary in India ranges between ₹6 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.