Multi Commodity Exchange of India IT Manager Salaries by 4 Employees (Updated 2025)

8 - 20 years exp.

₹7.8 Lakhs - ₹18.2 Lakhs

Low Confidence

Salary of majority employees

Fixed (77%)

₹11.2 Lakhs

Variable (23%)

₹3.3 Lakhs

At par with the average IT Manager Salary in Financial Services Companies for 8 - 20 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Engineering - Hardware & Networks IT Manager Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹14.4 L/yr - ₹17.6 L/yr
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IT & Information Security IT Manager Salary 14 - 20 years exp. (AmbitionBox Estimate)	₹7.8 L/yr - ₹18.2 L/yr

Last Updated: 1 Mar 2025

Companies similar to Multi Commodity Exchange of India for IT Manager

Company name	Avg Annual Salary	Open Jobs
BOBCARD Ltd. IT Manager Salary 8 - 9 years exp. (4 salaries)	₹10 L/yr - ₹16.5 L/yr 12% less	5 job openings
Stock Holding Corporation of India IT Manager Salary 14 - 31 years exp. (3 salaries)	₹9.5 L/yr - ₹12 L/yr 26% less
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Weizmann Forex IT Manager Salary 14 - 16 years exp. (3 salaries)	₹7.2 L/yr - ₹9.2 L/yr 45% less
Toyota Financial Services IT Manager Salary 8 - 9 years exp. (3 salaries)	₹8 L/yr - ₹10.2 L/yr 35% less
Care Health Insurance IT Manager Salary 1 - 11 years exp. (115 salaries)	₹2.5 L/yr - ₹10.9 L/yr 52% less	1 job opening

IT Manager salary at Multi Commodity Exchange of India ranges between ₹7.8 Lakhs to ₹18.2 Lakhs per year for employees with experience between 8 years to 20 years. Salary estimates are based on 4 latest salaries received from various employees of Multi Commodity Exchange of India.

Experience wise Multi Commodity Exchange of India IT Manager salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹14.4 L/yr - ₹18.4 L/yr
9 years (AmbitionBox Estimate)	₹14.4 L/yr - ₹18.4 L/yr
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14 years (AmbitionBox Estimate)	₹16.4 L/yr - ₹20.9 L/yr
15+ years (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr

Similar Designation salaries in Multi Commodity Exchange of India

Deputy Manager Salary

(AmbitionBox Estimate)

₹4.9 L/yr - ₹6.2 L/yr

Project Manager Salary

(4 salaries)

₹15 L/yr - ₹18 L/yr

Team Lead Salary

(3 salaries)

₹7 L/yr - ₹21 L/yr

IT Executive Salary

(4 salaries)

₹2.45 L/yr - ₹4.6 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹13.1 L/yr - ₹16.7 L/yr

Technical Lead Salary

(AmbitionBox Estimate)

₹18.9 L/yr - ₹24.2 L/yr

Senior Engineer Salary

(3 salaries)

₹2.7 L/yr - ₹10.6 L/yr

Devops Engineer Salary

(4 salaries)

₹5.2 L/yr - ₹12 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

System Engineer Salary

(7 salaries)

₹3 L/yr - ₹6 L/yr

Top skills at Multi Commodity Exchange of India for IT Manager

Cobit Analytical Chemistry Six Sigma IT Audit Cisa Legal Advisory Project Management Business Process Management IT Services Analysis IT Security Management Computer Science CMMI

Salary related reviews for Multi Commodity Exchange of India

Senior Executive in Mumbai

Full Time

Data Science & Analytics Department

4.0

• posted on 11 Mar 2025

5.0

for Salary and Benefits

Likes

Job security is very good and the salary is flat one here. Work life balance is also good if you live nearby. Generous in giving holidays.

Salary - Excellent

+5 more

Dislikes

Most of the core work is outsourced to TCS and hence only mindless mediocre DS work is there.

Work satisfaction - Poor

Assistant Manager in Gandhinagar

Full Time

Finance & Accounting Department

1.0

• posted on 24 Dec 2024

1.0

for Salary and Benefits

Likes

With 100% job security, you'll often find unskilled individuals who have remained in their positions for a long time. Being on higher position they don't have any knowledge a part from their current role.

Job security - Excellent

Dislikes

Qualified people will be sidelined. They will recruit people from outside with higher salary whome people working at lower position will train. But people working from long time with good qualification will not be promoted in name of Policy issue. Because of that you will see in every department skillful people leaving in a tenure of 1-3 years.

Salary - Bad

+5 more

Senior Executive in Gandhinagar

Full Time

Other Department

4.0

• posted on 28 Jul 2023

2.0

for Salary and Benefits

Likes

Good Work Life Balance. If you want to feel like Government Employee then this is the right company for you.

Job security - Excellent

+1 more

Dislikes

... them. No innovative ideas are exchanged or entertained by senior management. People work here only because salary gets credited on time. They have no motive of doing anything. Whole company is full of people who has attained the age of retirement so you won't find enthusiastic people who are focused in their career. Company is spending crores of rupees for development of the project but none of the employees is willing to make that project go live. Even if someone finds you working on that project then they'll do everything in their hands to stop you from working on that project.

Salary - Poor

+3 more

Senior Executive in Mumbai

Full Time

Engineering - Software & QA Department

1.0

• posted on 03 May 2023

1.0

for Salary and Benefits

Likes

For people who have drive to learn and become something, there is a lot of domain knowledge to absorb.

Skill development - Good

+1 more

Dislikes

...r professional misconduct about these senior VPs is first intimated to them😂 Dev team is sacrificial lamb working 12-13 hours a day at hilarious salary. Although the dev management recently had upgraded for better now.

Salary - Bad

+4 more

Marketing & Business Development Executive in Kolkata

BFSI, Investments & Trading Department

4.0

• posted on 19 Jun 2019

4.0

for Salary and Benefits

Likes

... extensive travel and enjoying it. Learning is great. Work life balance is good. Salary is satisfactory but not up to the mark as per job responsibilities. Higher level package is unnecessaryly high. But overall is wonderful experience.

Salary - Good

+6 more

Dislikes

Promotion policy is not good, that's like govt sector.

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Multi Commodity Exchange of India IT Manager Salary FAQs

What is the salary of IT Manager at Multi Commodity Exchange of India ?

The average salary of a IT Manager at Multi Commodity Exchange of India in India typically ranges from ₹7.8 Lakhs to ₹18.2 Lakhs per year, depending on experience (from 8 years to 20 years).

The top 10% of IT Manager at Multi Commodity Exchange of India earn more than ₹18.2 Lakhs per year, and the top 1% earn over ₹18.2 Lakhs per year. IT Manager Salaries at Multi Commodity Exchange of India 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 4 Multi Commodity Exchange of India employees in India.

What is the estimated take home salary of a IT Manager at Multi Commodity Exchange of India in India?

The estimated take-home salary of a IT Manager at Multi Commodity Exchange of India in India typically ranges from ₹1,00,609 to ₹1,03,350 per month. This is based on the average salary range of ₹7.8 Lakhs to ₹18.2 Lakhs per year for employees with experience ranging from 8 years to 20 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 4 salaries received from various employees of Multi Commodity Exchange of India. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a IT Manager at Multi Commodity Exchange of India ?

To be a IT Manager at Multi Commodity Exchange of India in india, the key skills required include:

- Cobit
- Analytical Chemistry
- Six Sigma
- IT Audit
- Cisa

These skills are highly valued at Multi Commodity Exchange of India and are crucial for successful performance in a Software Engineering role.

What is the salary of a IT Manager in companies similar to Multi Commodity Exchange of India in India?

The salary of a IT Manager at companies similar to Multi Commodity Exchange of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

BOBCARD Ltd.	₹10.0 Lakhs to ₹16.5 Lakhs per year
Stock Holding Corporation of India	₹9.5 Lakhs to ₹12.0 Lakhs per year
Toyota Financial Services	₹8.0 Lakhs to ₹10.2 Lakhs per year
Weizmann Forex	₹7.2 Lakhs to ₹9.2 Lakhs per year
Care Health Insurance	₹2.5 Lakhs to ₹10.9 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 IT Manager at Multi Commodity Exchange of India in India?

The salary growth for a IT Manager at Multi Commodity Exchange of India depends on factors such as experience, performance, and promotions. On average, a IT Manager can expect the following growth trajectory at Multi Commodity Exchange of India:

Experience	Average Salary Range
8 years	₹14.4 Lakhs to ₹18.4 Lakhs per year
9 years	₹14.4 Lakhs to ₹18.4 Lakhs per year
14 years	₹16.4 Lakhs to ₹20.9 Lakhs per year
15 years	₹7.0 Lakhs to ₹9.0 Lakhs per year

and so on.

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Multi Commodity Exchange of India IT Manager Salaries

Multi Commodity Exchange of India IT Manager salary in India ranges between ₹7.8 Lakhs to ₹18.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Multi Commodity Exchange of India latest salaries received from various employees of Multi Commodity Exchange of India.