Magma Housing Finance Prayagraj / Allahabad Salaries by 2 Employees (Updated 2025)

Designation	Avg Annual Salary	Open Jobs
Collection Agent 2 - 3 years exp. · Prayagraj / Allahabad (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
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fathersahaab

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Salary related reviews for Magma Housing Finance

4.5

Rated by 3 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 Prayagraj / Allahabad

Magma Housing Finance Salary FAQs

How much does Magma Housing Finance pay per year?

The average Magma Housing Finance salary ranges from approximately ₹2.5 Lakhs to ₹2.7 Lakhs per year for a Senior Sales Officer and ₹20 Lakhs to ₹24.9 Lakhs per year for a Regional Credit Manager. Salary estimates are based on 2 Magma Housing Finance salaries received from various employees of Magma Housing Finance. Magma Housing Finance employees rate the overall salary and benefits package 4.5/5 stars.

What is the highest salary in Magma Housing Finance?

The highest-paying job at Magma Housing Finance is a Regional Credit Manager with a salary of ₹20 Lakhs to ₹24.9 Lakhs per year. The top 10% of employees earn more than ₹13.53 lakhs per year. The top 1% earn more than a whopping ₹35.60 lakhs per year.

What is the minimum salary in Magma Housing Finance?

Minimum salary at Magma Housing Finance depends on the role you are applying for. For Senior Sales Executive the minimum salary is ₹2 Lakhs to ₹4 Lakhs per year, and for Senior Executive the minimum salary is ₹2.5 Lakhs to ₹5 Lakhs per year and so on.

What is the notice period at Magma Housing Finance in Prayagraj / Allahabad?

According to AmbitionBox, 100% of the Magma Housing Finance employees in Prayagraj / Allahabad reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.