Magma Housing Finance Team Lead Salaries by 4 Employees

13 - 18 years exp.

₹4.4 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

50% less than the average Team Lead Salary in Financial Services Companies for 13 - 18 years of experience

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Last Updated: 13 Apr 2024

Companies similar to Magma Housing Finance for Team Lead

Company name	Avg Annual Salary	Open Jobs
LIC Housing Finance Team Lead Salary 2 - 7 years exp. (5 salaries)	₹2.5 L/yr - ₹3.2 L/yr 34% less
HDFC Bank Team Lead Salary 2 - 12 years exp. (272 salaries)	₹1 L/yr - ₹7 L/yr 5% less	2 job openings
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Sammaan Capital Limited Team Lead Salary 1 - 10 years exp. (64 salaries)	₹1.1 L/yr - ₹8.3 L/yr 26% less
Piramal Capital Housing Finance Team Lead Salary 3 - 15 years exp. (9 salaries)	₹2.1 L/yr - ₹5.3 L/yr 14% less
PNB Housing Finance Team Lead Salary 2 - 9 years exp. (58 salaries)	₹2.5 L/yr - ₹6.8 L/yr 12% less
L&T Finance Team Lead Salary 1 - 13 years exp. (83 salaries)	₹2.5 L/yr - ₹13 L/yr 74% more
Edelweiss Team Lead Salary 3 - 12 years exp. (15 salaries)	₹3 L/yr - ₹12.4 L/yr 77% more
JPMorgan Chase & Co. Team Lead Salary 0 - 15 years exp. (5.6k salaries)	₹5.6 L/yr - ₹16.5 L/yr 143% more	4 job openings
Wells Fargo Team Lead Salary 6 - 12 years exp. (355 salaries)	₹5.7 L/yr - ₹21 L/yr 201% more
Bajaj Finserv Team Lead Salary 1 - 9 years exp. (160 salaries)	₹1.1 L/yr - ₹6 L/yr 23% less
Motilal Oswal Financial Services Team Lead Salary 1 - 10 years exp. (139 salaries)	₹2 L/yr - ₹10 L/yr 37% more
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Sharekhan Team Lead Salary 1 - 12 years exp. (64 salaries)	₹2.4 L/yr - ₹7 L/yr 3% more
ICICI Securities Team Lead Salary 3 - 15 years exp. (40 salaries)	₹3 L/yr - ₹12 L/yr 63% more
Empower Retirement Team Lead Salary 5 - 13 years exp. (29 salaries)	₹6.5 L/yr - ₹13.7 L/yr 100% more
Aditya Birla Capital Team Lead Salary 4 - 16 years exp. (17 salaries)	₹5.3 L/yr - ₹17.5 L/yr 157% more
JM Financial Team Lead Salary 6 - 13 years exp. (19 salaries)	₹6 L/yr - ₹15.3 L/yr 140% more
TSYS\|Total System Services Team Lead Salary 8 - 14 years exp. (18 salaries)	₹12 L/yr - ₹36 L/yr 489% more
Religare Team Lead Salary 2 - 13 years exp. (18 salaries)	₹3.2 L/yr - ₹6 L/yr 7% more
Bajaj Capital Team Lead Salary 1 - 7 years exp. (17 salaries)	₹2 L/yr - ₹5.5 L/yr 33% less
Envestnet Asset Management Team Lead Salary 6 - 11 years exp. (14 salaries)	₹5 L/yr - ₹8.5 L/yr 59% more

View all

Team Lead salary at Magma Housing Finance ranges between ₹4.4 Lakhs to ₹4.5 Lakhs per year for employees with experience between 13 years to 18 years. Salary estimates are based on 4 latest salaries received from various employees of Magma Housing Finance.

Experience wise Magma Housing Finance Team Lead salaries

Last Updated: 13 Apr 2024

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.5 L/yr
14 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
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15+ years (3 salaries)	₹4.4 L/yr - ₹8 L/yr

Similar Designation salaries in Magma Housing Finance

Team Manager Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Operations Executive Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Salary related reviews for Magma Housing Finance

4.0

Rated by 1 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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an architect

Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Magma Housing Finance Team Lead Salary FAQs

What is the salary of Team Lead at Magma Housing Finance ?

The average salary of a Team Lead at Magma Housing Finance in India typically ranges from ₹4.4 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 13 years to 18 years).

The top 10% of Team Lead at Magma Housing Finance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Team Lead 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 4 Magma Housing Finance employees in India.

What is the estimated take home salary of a Team Lead at Magma Housing Finance in India?

The estimated take-home salary of a Team Lead at Magma Housing Finance in India typically ranges from ₹33,055 to ₹34,324 per month. This is based on the average salary range of ₹4.4 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 13 years to 18 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 4 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 Team Lead in India?

TSYS\|Total System Services	₹12.0 Lakhs to ₹36.0 Lakhs per year
MSCI	₹9.5 Lakhs to ₹39.0 Lakhs per year
Wells Fargo	₹5.7 Lakhs to ₹21.0 Lakhs per year
Aditya Birla Capital	₹5.3 Lakhs to ₹17.5 Lakhs per year
JPMorgan Chase & Co.	₹5.6 Lakhs to ₹16.5 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 Team Lead in companies similar to Magma Housing Finance in India?

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

JM Financial	₹6.0 Lakhs to ₹15.3 Lakhs per year
Empower Retirement	₹6.5 Lakhs to ₹13.7 Lakhs per year
Edelweiss	₹3.0 Lakhs to ₹12.4 Lakhs per year
L&T Finance	₹2.5 Lakhs to ₹13.0 Lakhs per year
ICICI Securities	₹3.0 Lakhs to ₹12.0 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 Team Lead at Magma Housing Finance in India?

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

Experience	Average Salary Range
13 years	₹1.8 Lakhs to ₹4.5 Lakhs per year
14 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
15 years	₹4.4 Lakhs to ₹8.0 Lakhs per year

and so on.

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Magma Housing Finance Team Lead Salaries

Magma Housing Finance Team Lead salary in India ranges between ₹4.4 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.