Magma Housing Finance Pune Relationship Manager Salaries by 3 Employees

2 - 6 years exp.

₹3 Lakhs - ₹3.7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

39% less than the average Relationship Manager Salary in Financial Services Companies for 2 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Relationship Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.7 L/yr
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Finance & Accounting Relationship Manager Salary 2 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.5 L/yr

Last Updated: 15 Mar 2023

Companies similar to Magma Housing Finance for Relationship Manager in Pune

Magma Housing Finance Relationship Manager Salary

2 - 6 years exp. (3 salaries)

₹3 L/yr - ₹3.7 L/yr

Company name	Avg Annual Salary	Open Jobs
Motilal Oswal Financial Services Relationship Manager Salary 0 - 8 years exp. (111 salaries)	₹2 L/yr - ₹6 L/yr 21% more	13 job openings
Sharekhan Relationship Manager Salary 0 - 10 years exp. (26 salaries)	₹2.1 L/yr - ₹6.5 L/yr 17% more
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Edelweiss Relationship Manager Salary 0 - 7 years exp. (25 salaries)	₹3 L/yr - ₹5.5 L/yr 34% more
Aditya Birla Capital Relationship Manager Salary 0 - 9 years exp. (23 salaries)	₹3 L/yr - ₹7 L/yr 50% more
Religare Relationship Manager Salary 0 - 6 years exp. (21 salaries)	₹1.8 L/yr - ₹4.5 L/yr 11% more	4 job openings
ICICI Securities Relationship Manager Salary 0 - 5 years exp. (11 salaries)	₹2.8 L/yr - ₹8 L/yr 43% more
Bajaj Finserv Relationship Manager Salary 1 - 5 years exp. (10 salaries)	₹2 L/yr - ₹4.6 L/yr 13% more
Nippon Life India Asset Management Relationship Manager Salary 1 - 6 years exp. (10 salaries)	₹3.5 L/yr - ₹9 L/yr 78% more	28 job openings
Reliance Capital Relationship Manager Salary 0 - 6 years exp. (8 salaries)	₹2.4 L/yr - ₹5.1 L/yr 7% more	1 job opening
Bajaj Capital Relationship Manager Salary 1 - 6 years exp. (6 salaries)	₹3.3 L/yr - ₹4.8 L/yr 32% more	45 job openings
Motilal Oswal Relationship Manager Salary 0 - 8 years exp. (6 salaries)	₹2 L/yr - ₹4 L/yr 6% less
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JM Financial Relationship Manager Salary 2 - 3 years exp. (3 salaries)	₹3 L/yr - ₹4.5 L/yr 10% more

Relationship Manager salary at Magma Housing Finance ranges between ₹3 Lakhs to ₹3.7 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Relationship Manager salaries in Pune

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.5 L/yr
3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr

Similar Designation salaries in Magma Housing Finance

Branch Sales Manager Salary

(3 salaries)

₹6 L/yr - ₹7 L/yr

Salary related reviews for Magma Housing Finance

1.1

Rated by 2 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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Salary Discussions, Hike & Promotions

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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Magma Housing Finance Relationship Manager Salary FAQs

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

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

Experience	Average Salary Range
2 years	₹2.8 Lakhs to ₹3.5 Lakhs per year
3 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
4 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
5 years	₹3.0 Lakhs to ₹3.8 Lakhs per year

and so on.

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Magma Housing Finance Relationship Manager Salaries in Pune

Magma Housing Finance Relationship Manager salary in Pune ranges between ₹3 Lakhs to ₹3.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.