Magma Housing Finance Karnal Salaries by 10+ Employees

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Designation	Avg Annual Salary	Open Jobs
Branch Credit Manager 6 - 10 years exp. · Karnal (4 salaries)	₹4.7 L/yr - ₹6.1 L/yr
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Relationship Manager 4 - 7 years exp. · Karnal (3 salaries)	₹2.6 L/yr - ₹3.7 L/yr
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Starting your career? Discover Magma Housing Finance fresher salaries in India
Cluster Credit Manager 10 years exp. · Karnal (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.4 L/yr
Starting your career? Discover Magma Housing Finance fresher salaries in India
Realation Ship Manager 5 years exp. · Karnal (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
Starting your career? Discover Magma Housing Finance fresher salaries in India
Senior Relationship Officer 5 years exp. · Karnal (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
Starting your career? Discover Magma Housing Finance fresher salaries in India
Relationship Manager Dealing 5 years exp. · Karnal (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
Starting your career? Discover Magma Housing Finance fresher salaries in India

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Salary related reviews for Magma Housing Finance

4.7

Rated by 2 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

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Magma Housing Finance interview questions by designations

Relationship Manager (3)Regional Operations Manager (1)General Manager (1)

View all 5 interview experiences

Know more about Magma Housing Finance Karnal

Magma Housing Finance Salary FAQs

How much does Magma Housing Finance pay to its employees?

The average annual salary at Magma Housing Finance varies depending on the role, experience, and location. The salary ranges for some popular designations at Magma Housing Finance, are as follows:

Branch Credit Manager	₹4.7 Lakhs to ₹6.1 Lakhs per year
Relationship Manager	₹2.6 Lakhs to ₹3.7 Lakhs per year
Cluster Credit Manager	₹7.4 Lakhs to ₹9.4 Lakhs per year
Realation Ship Manager	₹2.5 Lakhs to ₹3.2 Lakhs per year

The highest-paying role, Regional Credit Manager, earns between ₹20 Lakhs to ₹24.9 Lakhs per year. The top 10% of employees earn more than ₹13.5 Lakhs per year, and the top 1% earn over ₹35.6 Lakhs per year. Salaries at Magma Housing Finance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These salary estimates are based on data from 11 salaries submitted by Magma Housing Finance employees. Magma Housing Finance is rated 4.7 out of 5 stars by its employees on the salary and benefits parameter.

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Average annual salary in Magma Housing Finance , Karnal is INR . Salary estimates are based on 10+ Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.