Magma Housing Finance Senior Collection Officer Salaries by 6 Employees (Updated 2024)

8 - 13 years exp.

₹3.9 Lakhs - ₹4.4 Lakhs

Low Confidence

Salary of majority employees

36% more than the average Senior Collection Officer Salary in Financial Services Companies for 8 - 13 years of experience

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Last Updated: 2 Feb 2024

Companies similar to Magma Housing Finance for Senior Collection Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Collection Officer Salary 2 - 8 years exp. (53 salaries)	₹2 L/yr - ₹4.6 L/yr 29% less
Sammaan Capital Limited Senior Collection Officer Salary 0 - 10 years exp. (47 salaries)	₹2 L/yr - ₹4.7 L/yr 20% less
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Piramal Capital Housing Finance Senior Collection Officer Salary 1 - 4 years exp. (5 salaries)	₹2 L/yr - ₹2.7 L/yr 36% less
L&T Finance Senior Collection Officer Salary 3 - 7 years exp. (32 salaries)	₹1.7 L/yr - ₹3.6 L/yr 37% less
Edelweiss Senior Collection Officer Salary 4 - 17 years exp. (6 salaries)	₹3 L/yr - ₹4 L/yr 15% less
Motilal Oswal Financial Services Senior Collection Officer Salary 1 - 8 years exp. (7 salaries)	₹2.4 L/yr - ₹2.8 L/yr 35% less
Aditya Birla Capital Senior Collection Officer Salary 0 - 8 years exp. (3 salaries)	₹4.5 L/yr - ₹6.6 L/yr 29% more
MAS Financial Services Senior Collection Officer Salary 2 - 6 years exp. (3 salaries)	₹2.2 L/yr - ₹5 L/yr 21% less

Senior Collection Officer salary at Magma Housing Finance ranges between ₹3.9 Lakhs to ₹4.4 Lakhs per year for employees with experience between 8 years to 13 years. Salary estimates are based on 6 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Senior Collection Officer salaries

Last Updated: 2 Feb 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.4 L/yr
9 years (AmbitionBox Estimate)	₹4 L/yr - ₹7.4 L/yr
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10 years (AmbitionBox Estimate)	₹4 L/yr - ₹7.4 L/yr
11 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
12 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.4 L/yr
13 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹7.3 L/yr

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Salary related reviews for Magma Housing Finance

3.4

Rated by 4 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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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 Senior Collection Officer Salary FAQs

What is the salary of Senior Collection Officer at Magma Housing Finance?

Senior Collection Officer salary at Magma Housing Finance in India ranges between ₹3.9 Lakhs to ₹4.4 Lakhs for experience between 8 years to 13 years. According to our estimates it is 36% more than the average Senior Collection Officer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Magma Housing Finance India.

How does the salary of a Senior Collection Officer at Magma Housing Finance India compare with the average salary range for this job?

The average salary of a Senior Collection Officer at Magma Housing Finance is 36% more than the average salary of a Senior Collection Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Magma Housing Finance to a Senior Collection Officer in India?

Aditya Birla Capital Senior Collection Officer Salary - ₹4.5 Lakhs to ₹6.6 Lakhs per year

What is the salary of a Senior Collection Officer in companies similar to Magma Housing Finance in India?

Edelweiss Senior Collection Officer Salary - ₹3.0 Lakhs to ₹4.0 Lakhs per year
Sammaan Capital Limited Senior Collection Officer Salary - ₹2.0 Lakhs to ₹4.7 Lakhs per year
MAS Financial Services Senior Collection Officer Salary - ₹2.2 Lakhs to ₹5.0 Lakhs per year
HDFC Bank Senior Collection Officer Salary - ₹2.0 Lakhs to ₹4.6 Lakhs per year
Motilal Oswal Financial Services Senior Collection Officer Salary - ₹2.4 Lakhs to ₹2.8 Lakhs per year

What is the estimated take home salary of a Senior Collection Officer at Magma Housing Finance in India?

The estimated take-home salary of a Senior Collection Officer at Magma Housing Finance ranges between ₹30,202 per month to ₹31,513 per month in India. The take-home salary calculation is based on the average Magma Housing Finance Senior Collection Officer salary in India which ranges between ₹3.9 Lakhs to ₹4.4 Lakhs per year for employees with experience between 8 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Senior Collection Officer at Magma Housing Finance?

According to AmbitionBox, 100% of the Magma Housing Finance Senior Collection Officers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Magma Housing Finance Senior Collection Officer Salaries

Magma Housing Finance Senior Collection Officer salary in India ranges between ₹3.9 Lakhs to ₹4.4 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.