Micro Finance Collections Executive Salaries by 5 Employees

1 - 9 years exp.

₹1.2 Lakh - ₹2.4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

35% less than the average Collections Executive Salary in Financial Services Companies for 1 - 9 years of experience

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Last Updated: 9 May 2024

Companies similar to Micro Finance for Collections Executive

Company name	Avg Annual Salary	Open Jobs
Cholamandalam Investment & Finance Collections Executive Salary 1 - 13 years exp. (233 salaries)	₹1.4 L/yr - ₹4.2 L/yr 63% more	2 job openings
HSBC Group Collections Executive Salary 3 - 8 years exp. (18 salaries)	₹3.2 L/yr - ₹5 L/yr 128% more
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Citicorp Collections Executive Salary 0 - 10 years exp. (10 salaries)	₹1.5 L/yr - ₹3.6 L/yr 35% more
HDFC Sales Collections Executive Salary 1 - 7 years exp. (7 salaries)	₹2.5 L/yr - ₹3.5 L/yr 77% more
Karvy Financial Services Collections Executive Salary 0 - 4 years exp. (6 salaries)	₹1.1 L/yr - ₹3.5 L/yr 27% more
Axis Direct Collections Executive Salary 1 - 11 years exp. (6 salaries)	₹1.8 L/yr - ₹3 L/yr 37% more
American Express Collections Executive Salary 1 - 5 years exp. (6 salaries)	₹6 L/yr - ₹9.1 L/yr 259% more
Daimler Financial Services Collections Executive Salary 4 - 7 years exp. (5 salaries)	₹3 L/yr - ₹4 L/yr 93% more
Manappuram Home Finance Collections Executive Salary 2 - 9 years exp. (4 salaries)	₹2.8 L/yr - ₹3.2 L/yr 74% more

Collections Executive salary at Micro Finance ranges between ₹1.2 Lakh to ₹2.4 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 5 latest salaries received from various employees of Micro Finance.

Experience wise Micro Finance Collections Executive salaries

Last Updated: 9 May 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.6 L/yr
2 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹1.7 L/yr
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3 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.8 L/yr
4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.9 L/yr
5 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹2 L/yr
6 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
7 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
8 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr
9 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr

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Salary related reviews for Micro Finance

4.1

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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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Micro Finance Collections Executive Salary FAQs

What is the salary of Collections Executive at Micro Finance ?

The average salary of a Collections Executive at Micro Finance in India typically ranges from ₹1.2 Lakhs to ₹2.4 Lakhs per year, depending on experience (from 1 year to 9 years).

The top 10% of Collections Executive at Micro Finance earn more than ₹2.4 Lakhs per year, and the top 1% earn over ₹2.4 Lakhs per year. Collections Executive Salaries at Micro 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 5 Micro Finance employees in India.

What is the estimated take home salary of a Collections Executive at Micro Finance in India?

The estimated take-home salary of a Collections Executive at Micro Finance in India typically ranges from ₹11,605 to ₹12,878 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹2.4 Lakhs per year for employees with experience ranging from 1 year to 9 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 5 salaries received from various employees of Micro Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Micro Finance for Collections Executive in India?

American Express	₹6.0 Lakhs to ₹9.1 Lakhs per year
HSBC Group	₹3.2 Lakhs to ₹5.0 Lakhs per year
Daimler Financial Services	₹3.0 Lakhs to ₹4.0 Lakhs per year
HDFC Sales	₹2.5 Lakhs to ₹3.5 Lakhs per year
Manappuram Home Finance	₹2.8 Lakhs to ₹3.2 Lakhs per year

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

What is the salary of a Collections Executive in companies similar to Micro Finance in India?

The salary of a Collections Executive at companies similar to Micro Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Cholamandalam Investment & Finance	₹1.4 Lakhs to ₹4.2 Lakhs per year
Axis Direct	₹1.8 Lakhs to ₹3.0 Lakhs per year
Citicorp	₹1.5 Lakhs to ₹3.6 Lakhs per year
Karvy Financial Services	₹1.1 Lakhs to ₹3.5 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 Collections Executive at Micro Finance in India?

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

Experience	Average Salary Range
1 year	₹1.2 Lakhs to ₹1.6 Lakhs per year
2 years	₹1.3 Lakhs to ₹1.7 Lakhs per year
3 years	₹1.4 Lakhs to ₹1.8 Lakhs per year
4 years	₹1.5 Lakhs to ₹1.9 Lakhs per year

and so on.

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Micro Finance Collections Executive Salaries

Micro Finance Collections Executive salary in India ranges between ₹1.2 Lakh to ₹2.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Micro Finance latest salaries received from various employees of Micro Finance.