Micro Finance Assistant Manager Salaries by 2 Employees

4 - 7 years exp.

₹2.6 Lakhs - ₹3.3 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 7 May 2023

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Assistant Manager salary at Micro Finance ranges between ₹2.6 Lakhs to ₹3.3 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 2 latest salaries received from various employees of Micro Finance.

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Salary related reviews for Micro Finance

5.0

Rated by 2 employees for salary & benefits

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.

Salary - Good

+5 more

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.

Job security - Excellent

+4 more

Dislikes

I dislike wasasa Microfinance cannot provide training and Education opportunities.

Skill development - Poor

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.

Salary - Good

+4 more

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.

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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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Micro Finance Assistant Manager Salary FAQs

How the salary growth look like for a Assistant Manager at Micro Finance in India?

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

Experience	Average Salary Range
4 years	₹1.2 Lakhs to ₹3.5 Lakhs per year
5 years	₹2.7 Lakhs to ₹3.4 Lakhs per year
6 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
7 years	₹1.3 Lakhs to ₹3.5 Lakhs per year

and so on.

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Micro Finance Assistant Manager Salaries

Micro Finance Assistant Manager salary in India ranges between ₹2.6 Lakhs to ₹3.3 Lakhs. This is an estimate based on latest salaries received from employees of Micro Finance.