Magma Housing Finance Finance Manager Salaries by 3 Employees (Updated 2024)

3 - 7 years exp.

₹2.9 Lakhs - ₹3.7 Lakhs

Low Confidence

Salary of majority employees

81% less than the average Finance Manager Salary in Financial Services Companies for 3 - 7 years of experience

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Last Updated: 11 Mar 2023

Companies similar to Magma Housing Finance for Finance Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Finance Manager Salary 0 - 8 years exp. (48 salaries)	₹3 L/yr - ₹13.8 L/yr 144% more
Sammaan Capital Limited Finance Manager Salary 3 - 7 years exp. (5 salaries)	₹6.3 L/yr - ₹12.2 L/yr 186% more
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Piramal Capital Housing Finance Finance Manager Salary 0 - 8 years exp. (8 salaries)	₹3 L/yr - ₹4.4 L/yr 15% more
PNB Housing Finance Finance Manager Salary 0 - 12 years exp. (3 salaries)	₹1.4 L/yr - ₹7.3 L/yr 17% more
L&T Finance Finance Manager Salary 1 - 8 years exp. (21 salaries)	₹1.7 L/yr - ₹7 L/yr 19% more
Edelweiss Finance Manager Salary 4 - 12 years exp. (4 salaries)	₹13 L/yr - ₹24 L/yr 477% more
Bajaj Finserv Finance Manager Salary 1 - 9 years exp. (25 salaries)	₹1.5 L/yr - ₹6.1 L/yr 10% more
Wells Fargo Finance Manager Salary 4 - 15 years exp. (14 salaries)	₹15.2 L/yr - ₹28 L/yr 579% more
JPMorgan Chase & Co. Finance Manager Salary 0 - 16 years exp. (14 salaries)	₹8 L/yr - ₹26 L/yr 464% more
Aditya Birla Capital Finance Manager Salary 1 - 17 years exp. (8 salaries)	₹5.8 L/yr - ₹18 L/yr 276% more
ICICI Securities Finance Manager Salary 0 - 9 years exp. (6 salaries)	₹8.6 L/yr - ₹15 L/yr 180% more
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Bajaj Capital Finance Manager Salary 5 - 9 years exp. (6 salaries)	₹4.5 L/yr - ₹14 L/yr 197% more
Sharekhan Finance Manager Salary 4 - 22 years exp. (5 salaries)	₹4.3 L/yr - ₹11.5 L/yr 195% more
Reliance Capital Finance Manager Salary 0 - 7 years exp. (5 salaries)	₹6 L/yr - ₹9.4 L/yr 141% more
Motilal Oswal Financial Services Finance Manager Salary 1 - 7 years exp. (4 salaries)	₹4.8 L/yr - ₹14.3 L/yr 199% more
Religare Finance Manager Salary 0 - 14 years exp. (4 salaries)	₹6.9 L/yr - ₹17 L/yr 247% more
Muthoot Group Finance Manager Salary 8 - 16 years exp. (4 salaries)	₹8.2 L/yr - ₹8.9 L/yr 162% more
Geojit Financial Services Finance Manager Salary 10 - 15 years exp. (3 salaries)	₹2.4 L/yr - ₹4.2 L/yr 10% more
Nippon Life India Asset Management Finance Manager Salary 8 - 9 years exp. (3 salaries)	₹15 L/yr - ₹18 L/yr 421% more

Finance Manager salary at Magma Housing Finance ranges between ₹2.9 Lakhs to ₹3.7 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 3 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Finance Manager salaries

Last Updated: 11 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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7 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

Similar Designation salaries in Magma Housing Finance

Branch Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Sales Manager Salary

(22 salaries)

₹3.55 L/yr - ₹10.44 L/yr

Credit Manager Salary

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₹3.5 L/yr - ₹10.5 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Area Sales Manager Salary

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₹7.75 L/yr - ₹12 L/yr

Branch Sales Manager Salary

(9 salaries)

₹6 L/yr - ₹8.5 L/yr

Collections Manager Salary

(3 salaries)

₹6 L/yr - ₹17 L/yr

Branch Credit Manager Salary

(22 salaries)

₹4.7 L/yr - ₹12.5 L/yr

Relationship Manager Salary

(101 salaries)

₹2.4 L/yr - ₹5.15 L/yr

Financial Controller Salary

(AmbitionBox Estimate)

₹21.1 L/yr - ₹26.9 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.

Dislikes

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

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.

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

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,

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.

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

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Magma Housing Finance Finance Manager Salaries

Magma Housing Finance Finance Manager salary in India ranges between ₹2.9 Lakhs to ₹3.7 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.

Magma Housing Finance Finance Manager salaries in India

Companies similar to Magma Housing Finance for Finance Manager

Latest annual salaries shared by Magma Housing Finance Finance Manager

Experience wise Magma Housing Finance Finance Manager salaries

Similar Designation salaries in Magma Housing Finance

Salary related reviews for Magma Housing Finance

Assistant Manager Finance & Accounts in Pune

Associate in Kolkata

Branch Credit Manager in Gwalior

Relationship Manager in Eluru

Assistant Credit Manager in Indore

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