Magma Housing Finance Senior Collection Officer Salaries by 6 Employees

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 3 - 7 years exp. (51 salaries)	₹1.5 L/yr - ₹4.3 L/yr 33% less
Sammaan Capital Limited Senior Collection Officer Salary 3 - 9 years exp. (34 salaries)	₹2.3 L/yr - ₹4.9 L/yr 15% 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 2 - 8 years exp. (38 salaries)	₹1.7 L/yr - ₹3.6 L/yr 36% 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

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.

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

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Magma Housing Finance Senior Collection Officer Salary FAQs

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

The average salary of a Senior Collection Officer at Magma Housing Finance in India typically ranges from ₹3.9 Lakhs to ₹4.4 Lakhs per year, depending on experience (from 8 years to 13 years).

The top 10% of Senior Collection Officer at Magma Housing Finance earn more than ₹4.4 Lakhs per year, and the top 1% earn over ₹4.4 Lakhs per year. Senior Collection Officer 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 Senior Collection Officer at Magma Housing Finance in India?

The estimated take-home salary of a Senior Collection Officer at Magma Housing Finance in India typically ranges from ₹30,202 to ₹31,513 per month. This is based on the average salary range of ₹3.9 Lakhs to ₹4.4 Lakhs per year for employees with experience ranging from 8 years to 13 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 Senior Collection Officer in India?

Aditya Birla Capital

₹4.5 Lakhs to ₹6.6 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.

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

The salary of a Senior Collection Officer at companies similar to Magma Housing Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Sammaan Capital Limited	₹2.3 Lakhs to ₹4.9 Lakhs per year
Edelweiss	₹3.0 Lakhs to ₹4.0 Lakhs per year
HDFC Bank	₹1.5 Lakhs to ₹4.3 Lakhs per year
Motilal Oswal Financial Services	₹2.4 Lakhs to ₹2.8 Lakhs per year
L&T Finance	₹1.7 Lakhs to ₹3.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

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

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

Experience	Average Salary Range
8 years	₹1.6 Lakhs to ₹4.4 Lakhs per year
9 years	₹4.0 Lakhs to ₹7.4 Lakhs per year
10 years	₹4.0 Lakhs to ₹7.4 Lakhs per year
11 years	₹3.7 Lakhs to ₹4.7 Lakhs per year

and so on.

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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.