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Magma Housing Finance

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4.4

based on 151 Reviews

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Magma Housing Finance Salaries in India (Updated 2025)

based on 532 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Finance & Accounting Sales & Business Development Marketing & Communication + 6 more
Designation Avg Annual Salary Open Jobs

Relationship Manager

2 - 9 years exp. (100 salaries)
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₹2.4 L/yr - ₹5.2 L/yr

Sales Manager

2 - 15 years exp. (22 salaries)
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₹3.6 L/yr - ₹10.4 L/yr

Branch Credit Manager

4 - 11 years exp. (22 salaries)
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₹4.7 L/yr - ₹12.5 L/yr

Technical Manager

2 - 7 years exp. (17 salaries)
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₹3.4 L/yr - ₹7.5 L/yr

Starting your career? Discover Magma Housing Finance fresher salaries in India

Credit Manager

2 - 10 years exp. (14 salaries)
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₹3.5 L/yr - ₹10.5 L/yr

Credit Analyst

2 - 6 years exp. (13 salaries)
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₹3 L/yr - ₹3.8 L/yr

Senior Sales Executive

2 - 4 years exp. (11 salaries)
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₹2 L/yr - ₹4 L/yr

Branch Sales Manager

5 - 16 years exp. (9 salaries)
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₹6 L/yr - ₹8.5 L/yr

Assistant Credit Manager

2 - 7 years exp. (7 salaries)
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₹3.8 L/yr - ₹5.6 L/yr

Area Sales Manager

9 - 18 years exp. (7 salaries)
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₹7.8 L/yr - ₹12 L/yr

Collection Officer

4 - 9 years exp. (7 salaries)
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₹2.4 L/yr - ₹3.5 L/yr

Regional Credit Manager

12 - 20 years exp. (6 salaries)
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₹20 L/yr - ₹24.9 L/yr

Senior Collection Officer

8 - 13 years exp. (6 salaries)
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₹3.9 L/yr - ₹4.4 L/yr

Senior Sales Officer

0 - 5 years exp. (5 salaries)
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₹2.5 L/yr - ₹2.6 L/yr

Area Credit Manager

0 - 17 years exp. (5 salaries)
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₹8.1 L/yr - ₹13.8 L/yr

Assistant Manager Technical

2 - 8 years exp. (5 salaries)
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₹3.7 L/yr - ₹4.5 L/yr

Regional Sales Manager

13 - 20 years exp. (5 salaries)
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₹19 L/yr - ₹24 L/yr

Sales Executive

4 - 5 years exp. (4 salaries)
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₹2 L/yr - ₹4.1 L/yr

Regional Technical Manager

8 - 11 years exp. (4 salaries)
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₹16.7 L/yr - ₹20.7 L/yr

Assistant Sales Manager

4 - 10 years exp. (4 salaries)
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₹2.6 L/yr - ₹5.2 L/yr

Last Updated: 30 Mar, 2025

Top trending discussions

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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
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works at
Georgia-Pacific
New offer. Confused.
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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Salary related reviews for Magma Housing Finance

3.7

Rated by 151 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.

read more
  • 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.

read more
  • 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

read more
  • 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.

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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.

read more
  • 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

read more
  • Work-life balance - Poor
see more salary related reviews

Magma Housing Finance interview questions by designations

Relationship Manager (3)Regional Operations Manager (1)General Manager (1)
View all 5 interview experiences
More about working at Magma Housing Finance

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:

Relationship Manager ₹2.4 Lakhs to ₹5.2 Lakhs per year
Sales Manager ₹3.6 Lakhs to ₹10.4 Lakhs per year
Branch Credit Manager ₹4.7 Lakhs to ₹12.5 Lakhs per year
Technical Manager ₹3.4 Lakhs to ₹7.5 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 532 salaries submitted by Magma Housing Finance employees. Magma Housing Finance is rated 3.7 out of 5 stars by its employees on the salary and benefits parameter.

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Magma Housing Finance Salaries by Location

Average annual salary in Magma Housing Finance is INRunlock blur . Salary estimates are based on 500+ Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.

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