Midland Microfin Limited Senior Cluster Manager Salaries by 6 Employees (Updated 2024)

11 - 16 years exp.

₹7.5 Lakhs - ₹7.8 Lakhs

Low Confidence

Salary of majority employees

45% less than the average Senior Cluster Manager Salary in NBFC Companies for 11 - 16 years of experience

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Last Updated: 10 Mar 2024

Companies similar to Midland Microfin Limited for Senior Cluster Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Senior Cluster Manager Salary 7 - 19 years exp. (229 salaries)	₹7 L/yr - ₹15 L/yr 39% more
Aditya Birla Sun Life Insurance Senior Cluster Manager Salary 5 - 16 years exp. (136 salaries)	₹8.5 L/yr - ₹16.8 L/yr 64% more
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HDFC Life Senior Cluster Manager Salary 6 - 20 years exp. (76 salaries)	₹7.3 L/yr - ₹14 L/yr 30% more
Bajaj Finance Senior Cluster Manager Salary 7 - 17 years exp. (152 salaries)	₹11 L/yr - ₹32 L/yr 195% more
Care Health Insurance Senior Cluster Manager Salary 4 - 12 years exp. (83 salaries)	₹3 L/yr - ₹7 L/yr 32% less

Senior Cluster Manager salary at Midland Microfin Limited ranges between ₹7.5 Lakhs to ₹7.8 Lakhs per year for employees with experience between 11 years to 16 years. Salary estimates are based on 6 latest salaries received from various employees of Midland Microfin Limited.

Experience wise Midland Microfin Limited Senior Cluster Manager salaries

Last Updated: 10 Mar 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹7.8 L/yr
12 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹7.8 L/yr
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13 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹13.9 L/yr
14 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹7.7 L/yr
15+ years (AmbitionBox Estimate)	₹3.1 L/yr - ₹7.7 L/yr

Similar Designation salaries in Midland Microfin Limited

Cluster Manager Salary

(20 salaries)

₹3.5 L/yr - ₹6.53 L/yr

Senior Sales Officer Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

Deputy Manager Salary

(14 salaries)

₹5.15 L/yr - ₹11 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Area Manager Salary

(4 salaries)

₹3.75 L/yr - ₹5.5 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Cluster Head Salary

(3 salaries)

₹5.8 L/yr - ₹9 L/yr

Branch Manager Salary

(33 salaries)

₹1.95 L/yr - ₹5.23 L/yr

Business Development Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Sales Officer Salary

(3 salaries)

₹1.5 L/yr - ₹3.15 L/yr

Salary related reviews for Midland Microfin Limited

Management Associate in Jalandhar

Full Time

Finance & Accounting Department

3.0

• posted on 04 Oct 2023

3.0

for Salary and Benefits

Likes

That you can directly approach to the senior management and they are very accessible.

Dislikes

No leaves, no overtime pay, very strict in leaves , not even giving second Saturday off which is mandatory , that leads to employee burnout and ultimately the resignation .Can create a much better leave structure for mental well being of client.

Deputy Vice in Jalandhar

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 31 Oct 2023

5.0

for Salary and Benefits

Likes

... system to the customers and employees Friendly loan products to the customers Salary and other benefits to the employees Annually and half yearly Appraisals and promotions Personal and professionally development and learning Company culture and work satisfaction Job security Company infrastructure at the branches

Dislikes

HR Executive in Noida

Intern

Human Resources Department

5.0

• posted on 14 Jul 2024

4.0

for Salary and Benefits

Likes

Senior management is very helpful, company culture is good and lively, no discrimination among genders, equal opportunities for all, office timings are perfect,

Dislikes

Salary of HR’s are comparatively less than others.

Branch Credit And Risk Manager in Raikot

Other Department

5.0

• posted on 25 Apr 2022

5.0

for Salary and Benefits

Likes

...gement is transparent. 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.

Assistant Manager Finance & Accounts in Jalandhar

Finance & Accounting Department

5.0

• posted on 09 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. 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.

Dislikes

Three months notice period.

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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Midland Microfin Limited Senior Cluster Manager Salary FAQs

What is the salary of Senior Cluster Manager at Midland Microfin Limited?

Senior Cluster Manager salary at Midland Microfin Limited in India ranges between ₹7.5 Lakhs to ₹7.8 Lakhs for experience between 11 years to 16 years. According to our estimates it is 45% less than the average Senior Cluster Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Midland Microfin Limited India.

How does the salary of a Senior Cluster Manager at Midland Microfin Limited India compare with the average salary range for this job?

The average salary of a Senior Cluster Manager at Midland Microfin Limited is 45% less than the average salary of a Senior Cluster Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Midland Microfin Limited to a Senior Cluster Manager in India?

Bajaj Finance Senior Cluster Manager Salary - ₹11.0 Lakhs to ₹32.0 Lakhs per year
Aditya Birla Sun Life Insurance Senior Cluster Manager Salary - ₹8.5 Lakhs to ₹16.8 Lakhs per year
Bajaj Allianz Life Insurance Senior Cluster Manager Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
HDFC Life Senior Cluster Manager Salary - ₹7.3 Lakhs to ₹14.0 Lakhs per year

What is the salary of a Senior Cluster Manager in companies similar to Midland Microfin Limited in India?

Care Health Insurance Senior Cluster Manager Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year

What is the estimated take home salary of a Senior Cluster Manager at Midland Microfin Limited in India?

The estimated take-home salary of a Senior Cluster Manager at Midland Microfin Limited ranges between ₹57,010 per month to ₹58,442 per month in India. The take-home salary calculation is based on the average Midland Microfin Limited Senior Cluster Manager salary in India which ranges between ₹7.5 Lakhs to ₹7.8 Lakhs per year for employees with experience between 11 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Senior Cluster Manager at Midland Microfin Limited?

According to AmbitionBox, 100% of the Midland Microfin Limited Senior Cluster Managers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Midland Microfin Limited Senior Cluster Manager Salaries

Midland Microfin Limited Senior Cluster Manager salary in India ranges between ₹7.5 Lakhs to ₹7.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Midland Microfin Limited latest salaries received from various employees of Midland Microfin Limited.