Micro Finance Area Manager Salaries by 7 Employees (Updated 2024)

5 - 14 years exp.

₹3.5 Lakhs - ₹6.2 Lakhs

Low Confidence

Salary of majority employees

51% less than the average Area Manager Salary in Financial Services Companies for 5 - 14 years of experience

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Salaries in different departments

Finance & Accounting Area Manager Salary 9 - 13 years exp. (3 salaries)	₹5.3 L/yr - ₹6.2 L/yr
Sales & Business Development Area Manager Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
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BFSI, Investments & Trading Area Manager Salary 14 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.6 L/yr

Last Updated: 3 Sep 2024

Companies similar to Micro Finance for Area Manager

Company name	Avg Annual Salary	Open Jobs
Ujjivan Small Finance Bank Area Manager Salary 8 - 18 years exp. (168 salaries)	₹7 L/yr - ₹20.9 L/yr 184% more	1 job opening
Jana Small Finance Bank Area Manager Salary 3 - 10 years exp. (141 salaries)	₹1.5 L/yr - ₹8 L/yr 6% less
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Equitas Small Finance Bank Area Manager Salary 10 - 21 years exp. (19 salaries)	₹8.5 L/yr - ₹20.4 L/yr 196% more	1 job opening
ESAF Small Finance Bank Area Manager Salary 6 - 15 years exp. (22 salaries)	₹3.2 L/yr - ₹7.8 L/yr 10% more
Bandhan Bank Area Manager Salary 0 - 14 years exp. (361 salaries)	₹2.7 L/yr - ₹10 L/yr 8% more
Manappuram Finance Area Manager Salary 3 - 9 years exp. (155 salaries)	₹2.8 L/yr - ₹7 L/yr 12% more
HDFC Sales Area Manager Salary 6 - 16 years exp. (137 salaries)	₹3.8 L/yr - ₹12 L/yr 69% more
Bajaj Finance Area Manager Salary 5 - 13 years exp. (195 salaries)	₹5.5 L/yr - ₹16 L/yr 105% more
Cholamandalam Investment & Finance Area Manager Salary 6 - 19 years exp. (70 salaries)	₹4.8 L/yr - ₹16.5 L/yr 103% more
Utkarsh Small Finance Bank Area Manager Salary 5 - 12 years exp. (40 salaries)	₹3.5 L/yr - ₹8.5 L/yr 17% more
Svatantra Microfin Area Manager Salary 5 - 9 years exp. (32 salaries)	₹4 L/yr - ₹7.1 L/yr 24% more
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Muthoot Finance Area Manager Salary 5 - 14 years exp. (7 salaries)	₹3.5 L/yr - ₹9.6 L/yr 25% more
Satin Creditcare Network Area Manager Salary 6 - 11 years exp. (5 salaries)	₹3.6 L/yr - ₹5.2 L/yr At par
Karvy Financial Services Area Manager Salary 4 - 14 years exp. (4 salaries)	₹4 L/yr - ₹7 L/yr 25% more
Ujjivan Financial Services Area Manager Salary 6 - 14 years exp. (4 salaries)	₹4.4 L/yr - ₹16 L/yr 113% more
Spandana Sphoorty Financial Area Manager Salary 1 - 9 years exp. (3 salaries)	₹5 L/yr - ₹9 L/yr 48% more
American Express Area Manager Salary 2 - 6 years exp. (3 salaries)	₹2.2 L/yr - ₹3 L/yr 41% less
Citigroup Area Manager Salary 6 - 11 years exp. (3 salaries)	₹12.5 L/yr - ₹18 L/yr 225% more

Area Manager salary at Micro Finance ranges between ₹3.5 Lakhs to ₹6.2 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 7 latest salaries received from various employees of Micro Finance.

Experience wise Micro Finance Area Manager salaries

Last Updated: 3 Sep 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.8 L/yr
6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.5 L/yr
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7 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr
8 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹5.3 L/yr
10 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.8 L/yr
11 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
12 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹6.2 L/yr
13 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6.2 L/yr
14 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹10.1 L/yr

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Similar Designation salaries in Micro Finance

Sales Manager Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Branch Manager Salary

(22 salaries)

₹2.02 L/yr - ₹4 L/yr

Cluster Manager Salary

(AmbitionBox Estimate)

₹3.9 L/yr - ₹4.9 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Regional Manager Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Team Lead Salary

(3 salaries)

₹1.9 L/yr - ₹3 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Relationship Manager Salary

(3 salaries)

₹1.7 L/yr - ₹3.4 L/yr

Salary related reviews for Micro Finance

Risk Manager in Hyderabad / Secunderabad

Finance Department

5.0

• posted on 27 Dec 2017

4.0

for Salary and Benefits

Likes

The company is just a star up organisation so it was direct reporting to the bosses and all the employees are well treated as like as the family members.

Dislikes

Huge deductions in salary and no yearly bonus at all

SQL Database Administrator in Addis Ababa

Engineering - Software & QA Department

3.0

• posted on 24 Jul 2018

3.0

for Salary and Benefits

Likes

I like wasasa Microfinance Institution because of they have career growth and salary appraisal depending on performance of employees. And have travel service.

Dislikes

I dislike wasasa Microfinance cannot provide training and Education opportunities.

Assistant General Manager in Hyderabad / Secunderabad

BFSI, Investments & Trading Department

4.0

• posted on 15 Jul 2019

4.0

for Salary and Benefits

Likes

The sector gave me opportunity to bring smiles on the faces of deprived women who are in dire need of money to expand their livelihood. The sector not only helps the women in availing loans but helps them by educating through financial literacy, they tend to save money and invest it wisely. At the end of the day this job gave recognition in the community as their mentor and I feel proud when people express their gratitude for bringing change in their lives.

Dislikes

Many people see this sector as petty money lenders, and think that there are huge profits in the sector. This compels people to start micro finance without really understanding the essence of it. This situation is resulting in mushrooming micro finance organisations and developing unhealthy competition. In some cases the women who fail to repay are exploited in all sorts.

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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Micro Finance Area Manager Salary FAQs

What is the salary of Area Manager at Micro Finance?

Area Manager salary at Micro Finance in India ranges between ₹3.5 Lakhs to ₹6.2 Lakhs for experience between 5 years to 14 years. According to our estimates it is 51% less than the average Area Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Micro Finance India.

How does the salary of a Area Manager at Micro Finance India compare with the average salary range for this job?

The average salary of a Area Manager at Micro Finance is 51% less than the average salary of a Area Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Micro Finance to a Area Manager in India?

Citigroup Area Manager Salary - ₹12.5 Lakhs to ₹18.0 Lakhs per year
Equitas Small Finance Bank Area Manager Salary - ₹8.5 Lakhs to ₹20.4 Lakhs per year
Ujjivan Small Finance Bank Area Manager Salary - ₹7.0 Lakhs to ₹20.9 Lakhs per year
Ujjivan Financial Services Area Manager Salary - ₹4.4 Lakhs to ₹16.0 Lakhs per year
Bajaj Finance Area Manager Salary - ₹5.5 Lakhs to ₹16.0 Lakhs per year

What is the salary of a Area Manager in companies similar to Micro Finance in India?

Cholamandalam Investment & Finance Area Manager Salary - ₹4.8 Lakhs to ₹16.5 Lakhs per year
HDFC Sales Area Manager Salary - ₹3.8 Lakhs to ₹12.0 Lakhs per year
Spandana Sphoorty Financial Area Manager Salary - ₹5.0 Lakhs to ₹9.0 Lakhs per year
Muthoot Finance Area Manager Salary - ₹3.5 Lakhs to ₹9.6 Lakhs per year
Karvy Financial Services Area Manager Salary - ₹4.0 Lakhs to ₹7.0 Lakhs per year

What is the estimated take home salary of a Area Manager at Micro Finance in India?

The estimated take-home salary of a Area Manager at Micro Finance ranges between ₹34,931 per month to ₹36,172 per month in India. The take-home salary calculation is based on the average Micro Finance Area Manager salary in India which ranges between ₹3.5 Lakhs to ₹6.2 Lakhs per year for employees with experience between 5 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Area Manager at Micro Finance?

According to AmbitionBox, 100% of the Micro Finance Area Managers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Micro Finance Area Manager Salaries

Micro Finance Area Manager salary in India ranges between ₹3.5 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Micro Finance latest salaries received from various employees of Micro Finance.