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Magma Housing Finance

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4.4

based on 150 Reviews

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Magma Housing Finance Salaries in India

based on 535 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Finance & Accounting Sales & Business Development Marketing & Communication + 6 more
Designation Avg Annual Salary Open Jobs

Team Lead

13 - 18 years exp. (4 salaries)
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₹4.4 L/yr - ₹4.5 L/yr

Senior Executive Operations

3 - 7 years exp. (4 salaries)
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₹3.5 L/yr - ₹3.6 L/yr

Deputy Manager Legal

3 - 6 years exp. (4 salaries)
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₹4.6 L/yr - ₹6 L/yr

Sales Officer

2 - 5 years exp. (4 salaries)
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₹2.5 L/yr - ₹3 L/yr

General Manager

4 - 20 years exp. (4 salaries)
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₹21 L/yr - ₹30 L/yr

Senior Credit Operations Executive

1 - 5 years exp. (4 salaries)
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₹2.9 L/yr - ₹3 L/yr

State Head Legal

13 - 17 years exp. (4 salaries)
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₹15 L/yr - ₹18 L/yr

Senior Collection Executive

3 - 8 years exp. (4 salaries)
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₹3.7 L/yr - ₹4 L/yr

Credit Operation Executive

0 - 6 years exp. (4 salaries)
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₹2.2 L/yr - ₹3.1 L/yr

Relationship Manager Sales

5 - 11 years exp. (3 salaries)
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₹3 L/yr - ₹5.7 L/yr

Finance Manager

3 - 7 years exp. (3 salaries)
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₹2.9 L/yr - ₹3.7 L/yr

ASM

7 - 10 years exp. (3 salaries)
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₹7.3 L/yr - ₹9 L/yr

Senior Relationship Manager

9 - 13 years exp. (3 salaries)
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₹4 L/yr - ₹4.5 L/yr

Senior Business Development Executive

1 - 5 years exp. (3 salaries)
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₹3 L/yr - ₹3.6 L/yr

Cluster Sales Manager

10 - 17 years exp. (3 salaries)
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₹9 L/yr - ₹17.5 L/yr

Manager Financial Planning Analysis

3 - 5 years exp. (3 salaries)
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₹11.6 L/yr - ₹12.1 L/yr

Senior Credit Officer

1 - 2 years exp. (3 salaries)
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₹3 L/yr - ₹3.2 L/yr

Sales Coordinator

1 - 5 years exp. (3 salaries)
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₹2.3 L/yr - ₹3.7 L/yr

Junior Sales Manager

3 - 4 years exp. (3 salaries)
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₹4 L/yr - ₹4.1 L/yr

Senior Officer Operations

4 - 5 years exp. (3 salaries)
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₹3 L/yr - ₹3.8 L/yr

Last Updated: 20 Dec, 2024

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Salary Discussions, Hike & Promotions
2w
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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Salary related reviews for Magma Housing Finance

3.8

Rated by 150 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.

read more

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.

read 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

read 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.

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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.

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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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see more salary related reviews

Magma Housing Finance interview questions by designations

Relationship Manager (2)Regional Operations Manager (1)General Manager (1)
View all 4 interview experiences
More about working at Magma Housing Finance

Magma Housing Finance Salary FAQs

How much does Magma Housing Finance pay per year?
The average Magma Housing Finance salary ranges from approximately ₹2.5 Lakhs to ₹2.7 Lakhs per year for a Senior Sales Officer and ₹20 Lakhs to ₹24.9 Lakhs per year for a Regional Credit Manager. Salary estimates are based on 535 Magma Housing Finance salaries received from various employees of Magma Housing Finance. Magma Housing Finance employees rate the overall salary and benefits package 3.8/5 stars.
What is the highest salary in Magma Housing Finance?
The highest-paying job at Magma Housing Finance is a Regional Credit Manager with a salary of ₹20 Lakhs to ₹24.9 Lakhs per year. The top 10% of employees earn more than ₹13.68 lakhs per year. The top 1% earn more than a whopping ₹35.60 lakhs per year.
What is the minimum salary in Magma Housing Finance?
Minimum salary at Magma Housing Finance depends on the role you are applying for. For Senior Sales Executive the minimum salary is ₹2 Lakhs to ₹4 Lakhs per year, and for Senior Executive the minimum salary is ₹2.5 Lakhs to ₹5 Lakhs per year and so on.
What is the notice period at Magma Housing Finance?
According to AmbitionBox, 36% of the Magma Housing Finance employees reported a notice period of 1 Month, 24% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 45 responses on AmbitionBox in last 2 years.

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Magma Housing Finance Salaries by Location

Magma Housing Finance Salaries by Department

Average annual salary in Magma Housing Finance is INRunlock blur . Salary estimates are based on 535 Magma Housing Finance latest salaries received from various employees of Magma Housing Finance.

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