Magma Housing Finance Relationship Manager Salaries by 100+ Employees (Updated 2024)

2 - 10 years exp.

₹2.2 Lakhs - ₹5.6 Lakhs

Salary of majority employees

23% less than the average Relationship Manager Salary in Financial Services Companies for 2 - 10 years of experience

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Salaries in different departments

Sales & Business Development Relationship Manager Salary 2 - 10 years exp. (44 salaries)	₹2.2 L/yr - ₹5.6 L/yr
BFSI, Investments & Trading Relationship Manager Salary 2 - 10 years exp. (41 salaries)	₹2.4 L/yr - ₹5.3 L/yr
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Finance & Accounting Relationship Manager Salary 2 - 9 years exp. (17 salaries)	₹2.6 L/yr - ₹4.5 L/yr
Marketing & Communication Relationship Manager Salary 3 - 10 years exp. (15 salaries)	₹2.6 L/yr - ₹4.8 L/yr

Last Updated: 31 Jul 2024

Companies similar to Magma Housing Finance for Relationship Manager

Company name	Avg Annual Salary	Open Jobs
LIC Housing Finance Relationship Manager Salary 1 - 7 years exp. (7 salaries)	₹2.3 L/yr - ₹3 L/yr 29% less
HDFC Bank Relationship Manager Salary 0 - 16 years exp. (6.1k salaries)	₹2.4 L/yr - ₹12.5 L/yr 91% more	16 job openings
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Sammaan Capital Limited Relationship Manager Salary 1 - 10 years exp. (221 salaries)	₹1.7 L/yr - ₹5.5 L/yr 5% less	11 job openings
Piramal Capital Housing Finance Relationship Manager Salary 0 - 6 years exp. (823 salaries)	₹1.8 L/yr - ₹5 L/yr 24% less
PNB Housing Finance Relationship Manager Salary 0 - 8 years exp. (72 salaries)	₹1.5 L/yr - ₹7.3 L/yr 16% less	1 job opening
GIC Housing Finance Relationship Manager Salary 4 - 6 years exp. (3 salaries)	₹3.5 L/yr - ₹3.5 L/yr 8% less
L&T Finance Relationship Manager Salary 1 - 8 years exp. (63 salaries)	₹2.4 L/yr - ₹11.2 L/yr 67% more
Edelweiss Relationship Manager Salary 0 - 8 years exp. (308 salaries)	₹2 L/yr - ₹6 L/yr 15% more
Motilal Oswal Financial Services Relationship Manager Salary 0 - 8 years exp. (791 salaries)	₹1.5 L/yr - ₹6.5 L/yr 2% less	11 job openings
Bajaj Capital Relationship Manager Salary 0 - 8 years exp. (285 salaries)	₹2.4 L/yr - ₹6.2 L/yr 18% more	2 job openings
Sharekhan Relationship Manager Salary 0 - 12 years exp. (310 salaries)	₹1 L/yr - ₹6.5 L/yr 6% more	2 job openings
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ICICI Securities Relationship Manager Salary 0 - 6 years exp. (301 salaries)	₹1.5 L/yr - ₹6.7 L/yr 15% more	4 job openings
Aditya Birla Capital Relationship Manager Salary 0 - 9 years exp. (268 salaries)	₹2 L/yr - ₹8.1 L/yr 25% more
Religare Relationship Manager Salary 0 - 8 years exp. (286 salaries)	₹1.2 L/yr - ₹5 L/yr 11% less	4 job openings
Reliance Capital Relationship Manager Salary 0 - 8 years exp. (148 salaries)	₹2 L/yr - ₹5.5 L/yr 7% less
Bajaj Finserv Relationship Manager Salary 0 - 7 years exp. (118 salaries)	₹1.2 L/yr - ₹6 L/yr 4% more
Nippon Life India Asset Management Relationship Manager Salary 0 - 8 years exp. (112 salaries)	₹2.5 L/yr - ₹9.2 L/yr 55% more	5 job openings
JM Financial Relationship Manager Salary 0 - 6 years exp. (37 salaries)	₹2.3 L/yr - ₹5.5 L/yr 9% less
Geojit Financial Services Relationship Manager Salary 1 - 6 years exp. (14 salaries)	₹1.9 L/yr - ₹5.8 L/yr 5% less
Satya MicroCapital Relationship Manager Salary 1 - 9 years exp. (16 salaries)	₹2.9 L/yr - ₹5.5 L/yr 4% more

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Relationship Manager salary at Magma Housing Finance ranges between ₹2.2 Lakhs to ₹5.6 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 134 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Relationship Manager salaries

Last Updated: 31 Jul 2024

Experience	Avg Annual Salary
2 years (8 salaries)	₹2.3 L/yr - ₹4.5 L/yr
3 years (15 salaries)	₹2.4 L/yr - ₹4.8 L/yr
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4 years (33 salaries)	₹2.5 L/yr - ₹5.1 L/yr
5 years (26 salaries)	₹2.2 L/yr - ₹5.6 L/yr
6 years (18 salaries)	₹3 L/yr - ₹4.5 L/yr
7 years (14 salaries)	₹3 L/yr - ₹4.5 L/yr
8 years (8 salaries)	₹2.7 L/yr - ₹5.2 L/yr
9 years (7 salaries)	₹3.1 L/yr - ₹5.3 L/yr
10 years (5 salaries)	₹3.4 L/yr - ₹4.8 L/yr

View all

Similar Designation salaries in Magma Housing Finance

Branch Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹12.1 L/yr - ₹15.4 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Sales Manager Salary

(22 salaries)

₹3.55 L/yr - ₹10.44 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹9.7 L/yr - ₹12.4 L/yr

Area Sales Manager Salary

(7 salaries)

₹7.75 L/yr - ₹12 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

Assistant Sales Manager Salary

(4 salaries)

₹2.6 L/yr - ₹5.2 L/yr

Sales Officer Salary

(4 salaries)

₹2.5 L/yr - ₹3 L/yr

Team Lead Salary

(4 salaries)

₹4.4 L/yr - ₹4.5 L/yr

Salary related reviews for Magma Housing Finance

3.5

Rated by 38 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.

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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Salary Discussions, Hike & Promotions

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 Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Magma Housing Finance?

Relationship Manager salary at Magma Housing Finance in India ranges between ₹2.2 Lakhs to ₹5.6 Lakhs for experience between 2 years to 10 years. According to our estimates it is 23% less than the average Relationship Manager Salary in India. Salary estimates are based on 134 latest salaries received from various employees of Magma Housing Finance India.

How does the salary of a Relationship Manager at Magma Housing Finance India compare with the average salary range for this job?

The average salary of a Relationship Manager at Magma Housing Finance is 23% less than the average salary of a Relationship Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magma Housing Finance to a Relationship Manager in India?

JPMorgan Chase & Co. Relationship Manager Salary - ₹6.2 Lakhs to ₹75.0 Lakhs per year
HDFC Bank Relationship Manager Salary - ₹2.4 Lakhs to ₹12.5 Lakhs per year
L&T Finance Relationship Manager Salary - ₹2.4 Lakhs to ₹11.2 Lakhs per year
Nippon Life India Asset Management Relationship Manager Salary - ₹2.5 Lakhs to ₹9.2 Lakhs per year
Aditya Birla Capital Relationship Manager Salary - ₹2.0 Lakhs to ₹8.1 Lakhs per year

What is the salary of a Relationship Manager in companies similar to Magma Housing Finance in India?

Bajaj Capital Relationship Manager Salary - ₹2.4 Lakhs to ₹6.2 Lakhs per year
MAS Financial Services Relationship Manager Salary - ₹2.6 Lakhs to ₹9.3 Lakhs per year
Edelweiss Relationship Manager Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
ICICI Securities Relationship Manager Salary - ₹1.5 Lakhs to ₹6.7 Lakhs per year
Sharekhan Relationship Manager Salary - ₹1.0 Lakhs to ₹6.5 Lakhs per year

What is the estimated take home salary of a Relationship Manager at Magma Housing Finance in India?

The estimated take-home salary of a Relationship Manager at Magma Housing Finance ranges between ₹27,897 per month to ₹29,292 per month in India. The take-home salary calculation is based on the average Magma Housing Finance Relationship Manager salary in India which ranges between ₹2.2 Lakhs to ₹5.6 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Relationship Manager at Magma Housing Finance?

According to AmbitionBox, 33% of the Magma Housing Finance Relationship Managers reported a notice period of 1 Month, 23% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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Magma Housing Finance Relationship Manager Salaries

Magma Housing Finance Relationship Manager salary in India ranges between ₹2.2 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 134 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.

Magma Housing Finance Relationship Manager salaries in India

Companies similar to Magma Housing Finance for Relationship Manager

Latest annual salaries shared by Magma Housing Finance Relationship Manager

Experience wise Magma Housing Finance Relationship 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

Magma Housing Finance Relationship Manager Salary FAQs

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Magma Housing Finance Relationship Manager Salaries by Location