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Magma Housing Finance Manager salaries in India

Annual salary range
8 - 18 years exp.
₹7.3 Lakhs - ₹12 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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43% less than the average Manager Salary in Financial Services Companies for 8 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager Salary
8 - 15 years exp. (AmbitionBox Estimate)
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₹7.3 L/yr - ₹11 L/yr

Sales & Business Development
Manager Salary
8 - 14 years exp. (AmbitionBox Estimate)
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₹6.7 L/yr - ₹8.2 L/yr

Engineering - Software & QA
Manager Salary
9 years exp. (AmbitionBox Estimate)
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₹7.2 L/yr - ₹8.9 L/yr

Last Updated: 28 Aug 2024

Companies similar to Magma Housing Finance for Manager

Company name Avg Annual Salary Open Jobs
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JPMorgan Chase & Co. Manager Salary

6 - 16 years exp. (1k salaries)

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₹7 L/yr - ₹28 L/yr

arrow icon 81% more
2 job openings
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Bajaj Finserv Manager Salary

1 - 12 years exp. (881 salaries)

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₹3 L/yr - ₹11 L/yr

arrow icon 27% less
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Motilal Oswal Financial Services Manager Salary

4 - 13 years exp. (348 salaries)

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₹4 L/yr - ₹11.6 L/yr

arrow icon 14% less
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Edelweiss Manager Salary

3 - 14 years exp. (285 salaries)

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₹6 L/yr - ₹22 L/yr

arrow icon 42% more
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ICICI Securities Manager Salary

1 - 11 years exp. (277 salaries)

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₹4.2 L/yr - ₹12 L/yr

arrow icon 22% less
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Aditya Birla Capital Manager Salary

0 - 11 years exp. (199 salaries)

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₹4.7 L/yr - ₹18 L/yr

arrow icon 14% more
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Wells Fargo Manager Salary

9 - 17 years exp. (119 salaries)

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₹10 L/yr - ₹36.9 L/yr

arrow icon 140% more
2 job openings
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JM Financial Manager Salary

4 - 15 years exp. (67 salaries)

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₹4 L/yr - ₹12 L/yr

arrow icon 22% less
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Bajaj Capital Manager Salary

2 - 8 years exp. (62 salaries)

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₹3 L/yr - ₹9 L/yr

arrow icon 34% less
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Srei Equipment Finance Manager Salary

7 - 17 years exp. (62 salaries)

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₹3.7 L/yr - ₹9.5 L/yr

arrow icon 33% less
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Religare Manager Salary

4 - 12 years exp. (49 salaries)

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₹5 L/yr - ₹12 L/yr

arrow icon 18% less
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Sharekhan Manager Salary

2 - 15 years exp. (43 salaries)

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₹4.3 L/yr - ₹15.2 L/yr

arrow icon 5% less
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The Muthoot Group Manager Salary

4 - 15 years exp. (42 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 44% less
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₹6.8 L/yr - ₹17 L/yr

arrow icon 17% more
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Reliance Capital Manager Salary

0 - 16 years exp. (32 salaries)

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₹5 L/yr - ₹20.9 L/yr

arrow icon 29% more
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Motilal Oswal Manager Salary

2 - 14 years exp. (32 salaries)

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₹4.2 L/yr - ₹15 L/yr

arrow icon 5% less
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Srei Infrastructure Finance Manager Salary

4 - 24 years exp. (18 salaries)

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₹5 L/yr - ₹8.6 L/yr

arrow icon 30% less
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Geojit Financial Services Manager Salary

7 - 24 years exp. (18 salaries)

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₹3.3 L/yr - ₹8.2 L/yr

arrow icon 33% less
1 job opening
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TSYS|Total System Services Manager Salary

10 - 19 years exp. (13 salaries)

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₹22 L/yr - ₹39 L/yr

arrow icon 226% more
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Satya MicroCapital Manager Salary

5 - 10 years exp. (11 salaries)

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₹4.8 L/yr - ₹10.1 L/yr

arrow icon 23% less
View all
Manager salary at Magma Housing Finance ranges between ₹7.3 Lakhs to ₹12 Lakhs per year for employees with experience between 8 years to 18 years. Salary estimates are based on 6 latest salaries received from various employees of Magma Housing Finance.

Latest annual salaries shared by Magma Housing Finance Manager

5mo ago
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18 years exp.
1y ago
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8 years exp.
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9 years exp.
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14 years exp.
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8 years exp.
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15 years exp.

Experience wise Magma Housing Finance Manager salaries

Last Updated: 28 Aug 2024

Experience Avg Annual Salary
8 years (AmbitionBox Estimate)

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₹6.6 L/yr - ₹8.4 L/yr
9 years (AmbitionBox Estimate)

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₹6.9 L/yr - ₹8.8 L/yr
10 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.3 L/yr
11 years (AmbitionBox Estimate)

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₹7.6 L/yr - ₹9.7 L/yr
12 years (AmbitionBox Estimate)

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₹8 L/yr - ₹10.2 L/yr
View all

Similar Designation salaries in Magma Housing Finance

Credit Manager Salary
(14 salaries)
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₹3.5 L/yr - ₹10.5 L/yr
Deputy Manager Salary
(AmbitionBox Estimate)
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₹6.3 L/yr - ₹8 L/yr
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₹2.9 L/yr - ₹3.7 L/yr
Financial Controller Salary
(AmbitionBox Estimate)
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₹21.1 L/yr - ₹26.9 L/yr

Salary related reviews for Magma Housing Finance

5.0

Rated by 1 employees for salary & benefits

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

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

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

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

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

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Magma Housing Finance Manager Salary FAQs

What is the salary of Manager at Magma Housing Finance ?
The average salary of a Manager at Magma Housing Finance in India typically ranges from ₹7.3 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 8 years to 18 years).

The top 10% of Manager at Magma Housing Finance earn more than ₹11.9 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Manager 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 estimates are based on salary data submitted by 6 Magma Housing Finance employees in India.
What is the estimated take home salary of a Manager at Magma Housing Finance in India?
The estimated take-home salary of a Manager at Magma Housing Finance in India typically ranges from ₹67,163 to ₹68,882 per month. This is based on the average salary range of ₹7.3 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 8 years to 18 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 6 salaries received from various employees of Magma Housing Finance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Magma Housing Finance for Manager in India?
TSYS|Total System Services ₹22.0 Lakhs to ₹39.0 Lakhs per year
Empower Retirement ₹15.5 Lakhs to ₹28.9 Lakhs per year
MSCI ₹15.0 Lakhs to ₹31.0 Lakhs per year
Mitsubishi Corporation ₹20.0 Lakhs to ₹30.0 Lakhs per year
Wells Fargo ₹10.0 Lakhs to ₹36.9 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Magma Housing Finance, depending on the role and experience level.
What is the salary of a Manager in companies similar to Magma Housing Finance in India?
The salary of a Manager at companies similar to Magma Housing Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICE Data Services ₹15.8 Lakhs to ₹21.5 Lakhs per year
GE Money ₹11.0 Lakhs to ₹26.0 Lakhs per year
JPMorgan Chase & Co. ₹7.0 Lakhs to ₹28.0 Lakhs per year
Envestnet Asset Management ₹11.0 Lakhs to ₹17.5 Lakhs per year
DKSH ₹11.5 Lakhs to ₹15.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Manager at Magma Housing Finance in India?
The salary growth for a Manager at Magma Housing Finance depends on factors such as experience, performance, and promotions. On average, a Manager can expect the following growth trajectory at Magma Housing Finance:

Experience Average Salary Range
8 years ₹6.6 Lakhs to ₹8.4 Lakhs per year
9 years ₹6.9 Lakhs to ₹8.8 Lakhs per year
10 years ₹7.2 Lakhs to ₹9.3 Lakhs per year
11 years ₹7.6 Lakhs to ₹9.7 Lakhs per year
and so on.

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Magma Housing Finance Manager salary in India ranges between ₹7.3 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.