Magma Housing Finance Indore Relationship Manager Salaries by 6 Employees

4 - 7 years exp.

₹2.4 Lakhs - ₹4.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

43% less than the average Relationship Manager Salary in Financial Services Companies for 4 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Relationship Manager Salary 5 - 6 years exp. (3 salaries)	₹2.4 L/yr - ₹4.5 L/yr
Sales & Business Development Relationship Manager Salary 4 - 7 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.6 L/yr
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Finance & Accounting Relationship Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.6 L/yr

Last Updated: 15 Mar 2023

Companies similar to Magma Housing Finance for Relationship Manager in Indore

Magma Housing Finance Relationship Manager Salary

4 - 7 years exp. (6 salaries)

₹2.4 L/yr - ₹4.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Edelweiss Relationship Manager Salary 1 - 7 years exp. (13 salaries)	₹2.9 L/yr - ₹6 L/yr 32% more
ICICI Securities Relationship Manager Salary 0 - 4 years exp. (9 salaries)	₹3.8 L/yr - ₹4.8 L/yr 30% more
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Aditya Birla Capital Relationship Manager Salary 1 - 4 years exp. (8 salaries)	₹2.8 L/yr - ₹6.2 L/yr 36% more
JM Financial Relationship Manager Salary 1 - 4 years exp. (3 salaries)	₹3.1 L/yr - ₹4.4 L/yr 7% more
ICICI Bank Relationship Manager Salary 0 - 16 years exp. (618 salaries)	₹2.5 L/yr - ₹10.9 L/yr 98% more	3 job openings

Relationship Manager salary at Magma Housing Finance ranges between ₹2.4 Lakhs to ₹4.5 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 6 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Relationship Manager salaries in Indore

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
5 years (3 salaries)	₹2.4 L/yr - ₹3.6 L/yr
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6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr

Similar Designation salaries in Magma Housing Finance

Sales Manager Salary

(3 salaries)

₹5.4 L/yr - ₹10.8 L/yr

Salary related reviews for Magma Housing Finance

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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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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Magma Housing Finance Relationship Manager Salary FAQs

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

The average salary of a Relationship Manager at Magma Housing Finance in Indore typically ranges from ₹2.4 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of Relationship Manager in Indore at Magma Housing Finance earn more than ₹4.4 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Relationship 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 Relationship Manager at Magma Housing Finance in Indore?

The estimated take-home salary of a Relationship Manager at Magma Housing Finance in Indore typically ranges from ₹24,637 to ₹26,081 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 4 years to 7 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 Relationship Manager in India?

ICICI Bank	₹2.5 Lakhs to ₹10.9 Lakhs per year
Aditya Birla Capital	₹2.8 Lakhs to ₹6.2 Lakhs per year
Edelweiss	₹2.9 Lakhs to ₹6.0 Lakhs per year
ICICI Securities	₹3.8 Lakhs to ₹4.8 Lakhs per year
JM Financial	₹3.1 Lakhs to ₹4.4 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.

How the salary growth look like for a Relationship Manager at Magma Housing Finance in Indore?

The salary growth for a Relationship Manager at Magma Housing Finance in Indore depends on factors such as experience, performance, and promotions. On average, a Relationship Manager in Indore can expect the following growth trajectory at Magma Housing Finance:

Experience	Average Salary Range
4 years	₹3.0 Lakhs to ₹3.8 Lakhs per year
5 years	₹2.4 Lakhs to ₹3.6 Lakhs per year
6 years	₹3.1 Lakhs to ₹3.9 Lakhs per year
7 years	₹3.1 Lakhs to ₹4.0 Lakhs per year

and so on.

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Magma Housing Finance Relationship Manager Salaries in Indore

Magma Housing Finance Relationship Manager salary in Indore ranges between ₹2.4 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.