Manappuram Finance Cluster Credit Manager Salaries by 8 Employees

6 - 14 years exp.

₹5 Lakhs - ₹7.9 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

36% less than the average Cluster Credit Manager Salary in NBFC Companies for 6 - 14 years of experience

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Last Updated: 15 Mar 2023

Companies similar to Manappuram Finance for Cluster Credit Manager

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit Cluster Credit Manager Salary 7 - 15 years exp. (56 salaries)	₹4.6 L/yr - ₹18.5 L/yr 67% more
HDB Financial Services Cluster Credit Manager Salary 13 - 20 years exp. (40 salaries)	₹11.9 L/yr - ₹24 L/yr 195% more
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Bajaj Finance Cluster Credit Manager Salary 4 - 18 years exp. (19 salaries)	₹12.3 L/yr - ₹23 L/yr 168% more
Capri Global Capital Cluster Credit Manager Salary 5 - 16 years exp. (17 salaries)	₹12.5 L/yr - ₹16.7 L/yr 123% more
SK Finance Limited Cluster Credit Manager Salary 9 - 16 years exp. (7 salaries)	₹8.4 L/yr - ₹11.5 L/yr 54% more
Mahindra Finance Cluster Credit Manager Salary 8 - 10 years exp. (6 salaries)	₹4.8 L/yr - ₹14 L/yr 38% more
Kotak Mahindra Prime Cluster Credit Manager Salary 6 - 14 years exp. (5 salaries)	₹7 L/yr - ₹16 L/yr 83% more
IIFL Finance Cluster Credit Manager Salary 4 - 12 years exp. (4 salaries)	₹6 L/yr - ₹8.2 L/yr 7% more
Satin Creditcare Network Cluster Credit Manager Salary 5 - 9 years exp. (4 salaries)	₹5 L/yr - ₹9 L/yr 5% more
Bharat Financial Inclusion Cluster Credit Manager Salary 5 - 6 years exp. (3 salaries)	₹4.3 L/yr - ₹7.9 L/yr 23% less
Asirvad Microfinance Cluster Credit Manager Salary 15 - 16 years exp. (3 salaries)	₹10 L/yr - ₹14.5 L/yr 89% more
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Cluster Credit Manager salary at Manappuram Finance ranges between ₹5 Lakhs to ₹7.9 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 8 latest salaries received from various employees of Manappuram Finance.

Experience wise Manappuram Finance Cluster Credit Manager salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹5 L/yr - ₹11.2 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹11.3 L/yr
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8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹11.5 L/yr
9 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
10 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
11 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹11.9 L/yr
12 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹6.9 L/yr
13 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7.2 L/yr
14 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7.9 L/yr

View all

Similar Designation salaries in Manappuram Finance

Area Credit Manager Salary

(AmbitionBox Estimate)

₹4.2 L/yr - ₹5.4 L/yr

Deputy Credit Manager Salary

(6 salaries)

₹4.3 L/yr - ₹6.6 L/yr

Branch Credit Manager Salary

(34 salaries)

₹2.8 L/yr - ₹6 L/yr

Assistant Credit Manager Salary

(9 salaries)

₹3.1 L/yr - ₹5.5 L/yr

Regional Credit Manager Salary

(6 salaries)

₹6.6 L/yr - ₹13 L/yr

Credit Manager Salary

(32 salaries)

₹3 L/yr - ₹6 L/yr

Relationship Manager Salary

(19 salaries)

₹2.4 L/yr - ₹6 L/yr

Chief Manager Salary

(51 salaries)

₹4.5 L/yr - ₹13.05 L/yr

Credit Officer Salary

(25 salaries)

₹2.2 L/yr - ₹4.5 L/yr

Branch Manager Salary

(224 salaries)

₹1.8 L/yr - ₹6 L/yr

Salary related reviews for Manappuram Finance

5.0

Rated by 1 employees for salary & benefits

Branch Manager in Yadgiri

Finance & Accounting Department

5.0

• posted on 15 Dec 2021

3.0

for Salary and Benefits

Likes

It's a good company good incentive given and salary given and every year bonus also given.

Job security - Good

+1 more

Dislikes

It's very toff to new joining employees because there is no training to employees all training BH given to employees and any issue is there not solved immediately.

Branch Manager in Ahmedabad

Marketing & Communication Department

5.0

• posted on 12 Apr 2021

5.0

for Salary and Benefits

Likes

...anagement is politics. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+3 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Branch Manager in Bangalore / Bengaluru

Gold department Department

3.0

• posted on 15 May 2021

1.0

for Salary and Benefits

Likes

worked as assistant branch manager, good environment with staff.

Job security - Good

Dislikes

Taking risks and also a Less salary only 10k in hand and almost salary is deducted. And their is no incentive and no holidays even in festivals like ramzan , dewali branch must be open and no timing rules need work from 9.30 to 8pm . And also no compensation for petrol allowence . Please don't join to this company never ever.

Salary - Bad

+5 more

Branch Manager in Solapur

BFSI, Investments & Trading Department

2.0

• posted on 08 Feb 2019

3.0

for Salary and Benefits

Likes

Leave facilities with compensation, Trainings and demos, Salary is average level but not so poor, Fast growth as in designation.

Dislikes

No job security, politics, no innovations and motivations, Not proper official culture.

Skill development - Poor

+4 more

Credit Manager in Thrissur

BFSI, Investments & Trading Department

1.0

• posted on 27 Mar 2018

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Company is running like a proprietary concern. No job security and your salary can be on hold anytime for no reason. No proper product policy, process flow related to work. You can be transferred to any part of India anytime without proper notice. Major part of the salary will be taken back by company itself in the form of panality. Employees are not even allowed to raise complaints regarding any of these issues.

Salary - Bad

+6 more

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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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Manappuram Finance Cluster Credit Manager Salary FAQs

What is the salary of Cluster Credit Manager at Manappuram Finance ?

The average salary of a Cluster Credit Manager at Manappuram Finance in India typically ranges from ₹5.0 Lakhs to ₹7.9 Lakhs per year, depending on experience (from 6 years to 14 years).

The top 10% of Cluster Credit Manager at Manappuram Finance earn more than ₹7.6 Lakhs per year, and the top 1% earn over ₹7.9 Lakhs per year. Cluster Credit Manager Salaries at Manappuram 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 8 Manappuram Finance employees in India.

What is the estimated take home salary of a Cluster Credit Manager at Manappuram Finance in India?

The estimated take-home salary of a Cluster Credit Manager at Manappuram Finance in India typically ranges from ₹48,991 to ₹50,149 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹7.9 Lakhs per year for employees with experience ranging from 6 years to 14 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 8 salaries received from various employees of Manappuram Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Manappuram Finance for Cluster Credit Manager in India?

HDB Financial Services	₹11.9 Lakhs to ₹24.0 Lakhs per year
Bajaj Finance	₹12.3 Lakhs to ₹23.0 Lakhs per year
Capri Global Capital	₹12.5 Lakhs to ₹16.7 Lakhs per year
Asirvad Microfinance	₹10.0 Lakhs to ₹14.5 Lakhs per year
Kotak Mahindra Prime	₹7.0 Lakhs to ₹16.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Manappuram Finance, depending on the role and experience level.

What is the salary of a Cluster Credit Manager in companies similar to Manappuram Finance in India?

The salary of a Cluster Credit Manager at companies similar to Manappuram Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SMFG India Credit	₹4.6 Lakhs to ₹18.5 Lakhs per year
SK Finance Limited	₹8.4 Lakhs to ₹11.5 Lakhs per year
Mahindra Finance	₹4.8 Lakhs to ₹14.0 Lakhs per year
IIFL Finance	₹6.0 Lakhs to ₹8.2 Lakhs per year
Satin Creditcare Network	₹5.0 Lakhs to ₹9.0 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 Cluster Credit Manager at Manappuram Finance in India?

The salary growth for a Cluster Credit Manager at Manappuram Finance depends on factors such as experience, performance, and promotions. On average, a Cluster Credit Manager can expect the following growth trajectory at Manappuram Finance:

Experience	Average Salary Range
6 years	₹5.0 Lakhs to ₹11.2 Lakhs per year
7 years	₹5.5 Lakhs to ₹11.3 Lakhs per year
8 years	₹5.5 Lakhs to ₹11.5 Lakhs per year
9 years	₹5.8 Lakhs to ₹7.4 Lakhs per year

and so on.

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Manappuram Finance Cluster Credit Manager Salaries

Manappuram Finance Cluster Credit Manager salary in India ranges between ₹5 Lakhs to ₹7.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Manappuram Finance latest salaries received from various employees of Manappuram Finance.