Magma Housing Finance Relationship Officer Salaries by Employees

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₹2 Lakhs - ₹2.6 Lakhs

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Last Updated: 6 Mar 2023

Companies similar to Magma Housing Finance for Relationship Officer

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Capital Relationship Officer Salary 0 - 6 years exp. (174 salaries)	₹2 L/yr - ₹4.7 L/yr 34% more
Bajaj Finserv Relationship Officer Salary 0 - 6 years exp. (38 salaries)	₹1.7 L/yr - ₹3.5 L/yr 9% more
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Edelweiss Relationship Officer Salary 0 - 6 years exp. (37 salaries)	₹2.2 L/yr - ₹3.4 L/yr 25% more
The Muthoot Group Relationship Officer Salary 0 - 7 years exp. (32 salaries)	₹1.2 L/yr - ₹3.3 L/yr 8% more
Nippon Life India Asset Management Relationship Officer Salary 0 - 5 years exp. (15 salaries)	₹1.8 L/yr - ₹4 L/yr 25% more
Motilal Oswal Financial Services Relationship Officer Salary 0 - 6 years exp. (12 salaries)	₹1.6 L/yr - ₹3.8 L/yr 13% more
Satya MicroCapital Relationship Officer Salary 1 - 7 years exp. (12 salaries)	₹2.4 L/yr - ₹3 L/yr 12% more
Aditya Birla Housing Finance Relationship Officer Salary 0 - 5 years exp. (8 salaries)	₹2 L/yr - ₹2.2 L/yr 6% less
Bandhan Financial Services Relationship Officer Salary 0 - 3 years exp. (7 salaries)	₹1.5 L/yr - ₹2.4 L/yr 11% less
Motilal Oswal Relationship Officer Salary 0 - 4 years exp. (7 salaries)	₹1.5 L/yr - ₹2.6 L/yr 13% less
ICICI Securities Relationship Officer Salary 0 - 1 year exp. (5 salaries)	₹3.3 L/yr - ₹4.1 L/yr 62% more
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Geojit Financial Services Relationship Officer Salary 0 - 2 years exp. (5 salaries)	₹1.2 L/yr - ₹2.5 L/yr 24% less
Sharekhan Relationship Officer Salary 1 - 5 years exp. (4 salaries)	₹2.3 L/yr - ₹5.8 L/yr 111% more
Reliance Capital Relationship Officer Salary 0 - 12 years exp. (4 salaries)	₹1 L/yr - ₹8.8 L/yr 97% more
Bajaj Capital Relationship Officer Salary 0 - 1 year exp. (3 salaries)	₹3.9 L/yr - ₹8 L/yr 106% more
JM Financial Relationship Officer Salary 0 - 7 years exp. (3 salaries)	₹3.8 L/yr - ₹12 L/yr 189% more

Relationship Officer salary at Magma Housing Finance ranges between ₹2 Lakhs to ₹2.6 Lakhs per year for employees with 4 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Magma Housing Finance.

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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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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 Officer Salary FAQs

How the salary growth look like for a Relationship Officer at Magma Housing Finance in India?

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

Experience	Average Salary Range
4 years	₹2.0 Lakhs to ₹2.6 Lakhs per year

and so on.

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Magma Housing Finance Relationship Officer Salaries

Magma Housing Finance Relationship Officer salary in India ranges between ₹2 Lakhs to ₹2.6 Lakhs. This is an estimate based on latest salaries received from employees of Magma Housing Finance.

Magma Housing Finance Relationship Officer salaries in India

Companies similar to Magma Housing Finance for Relationship Officer

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 Officer Salary FAQs

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