Muthoot Finance Area Collection Manager Salaries by 5 Employees

4 - 13 years exp.

₹3 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

Fixed (73%)

₹4.9 Lakhs

Variable (27%)

₹1.8 Lakh

25% less than the average Area Collection Manager Salary in NBFC Companies for 4 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Collection Manager Salary 4 - 13 years exp. (4 salaries)	₹3.2 L/yr - ₹10 L/yr
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Customer Success, Service & Operations Area Collection Manager Salary 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 30 Jun 2024

Companies similar to Muthoot Finance for Area Collection Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Area Collection Manager Salary 5 - 15 years exp. (226 salaries)	₹5.1 L/yr - ₹18 L/yr 51% more
HDB Financial Services Area Collection Manager Salary 10 - 19 years exp. (148 salaries)	₹7 L/yr - ₹17.4 L/yr 75% more
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L&T Finance Area Collection Manager Salary 5 - 16 years exp. (135 salaries)	₹3.5 L/yr - ₹12.5 L/yr 14% more
TVS Credit Area Collection Manager Salary 7 - 18 years exp. (100 salaries)	₹7.1 L/yr - ₹17.5 L/yr 85% more
Mahindra Finance Area Collection Manager Salary 8 - 16 years exp. (77 salaries)	₹3.8 L/yr - ₹11.6 L/yr 2% less
Kotak Mahindra Prime Area Collection Manager Salary 8 - 15 years exp. (34 salaries)	₹6.3 L/yr - ₹14.3 L/yr 43% more
Aavas Financiers Area Collection Manager Salary 2 - 8 years exp. (27 salaries)	₹3.3 L/yr - ₹6 L/yr 34% less
Sammaan Capital Limited Area Collection Manager Salary 6 - 19 years exp. (24 salaries)	₹4.7 L/yr - ₹10 L/yr 12% more
SMFG India Credit Area Collection Manager Salary 3 - 18 years exp. (22 salaries)	₹3.1 L/yr - ₹9.3 L/yr 3% less
Capri Global Capital Area Collection Manager Salary 7 - 16 years exp. (21 salaries)	₹5.4 L/yr - ₹12.1 L/yr 34% more
LendingKart Area Collection Manager Salary 7 - 16 years exp. (15 salaries)	₹6.3 L/yr - ₹17 L/yr 47% more
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Shriram Finance Area Collection Manager Salary 3 - 20 years exp. (14 salaries)	₹3.6 L/yr - ₹10.2 L/yr At par
Mahindra Rural Housing Finance Area Collection Manager Salary 12 - 19 years exp. (12 salaries)	₹8 L/yr - ₹22 L/yr 149% more
PNB Housing Finance Area Collection Manager Salary 7 - 18 years exp. (12 salaries)	₹5 L/yr - ₹17.5 L/yr 65% more
Poonawalla Fincorp Area Collection Manager Salary 5 - 15 years exp. (12 salaries)	₹5.5 L/yr - ₹12 L/yr 28% more
Tata Capital Housing Finance Area Collection Manager Salary 9 - 17 years exp. (10 salaries)	₹10.9 L/yr - ₹16.2 L/yr 117% more
John Deere Financial Area Collection Manager Salary 8 - 16 years exp. (8 salaries)	₹8.3 L/yr - ₹13.5 L/yr 75% more
IIFL Finance Area Collection Manager Salary 10 - 16 years exp. (6 salaries)	₹3.1 L/yr - ₹11.5 L/yr 17% more
Satin Creditcare Network Area Collection Manager Salary 6 - 11 years exp. (6 salaries)	₹3.6 L/yr - ₹4.2 L/yr 38% less
Manappuram Finance Area Collection Manager Salary 15 - 22 years exp. (6 salaries)	₹8.6 L/yr - ₹17.9 L/yr 53% more

View all

Area Collection Manager salary at Muthoot Finance ranges between ₹3 Lakhs to ₹10 Lakhs per year for employees with experience between 4 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Area Collection Manager salaries

Last Updated: 30 Jun 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.2 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.5 L/yr
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6 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
7 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
8 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
9 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
10 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹9.6 L/yr
11 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.4 L/yr
12 years (AmbitionBox Estimate)	₹4 L/yr - ₹10 L/yr
13 years (AmbitionBox Estimate)	₹10 L/yr - ₹10 L/yr

View all

Similar Designation salaries in Muthoot Finance

Branch Collection Manager Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Collections Manager Salary

(16 salaries)

₹2.28 L/yr - ₹5.5 L/yr

Regional Collection Manager Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Collection Officer Salary

(4 salaries)

₹2 L/yr - ₹3.5 L/yr

Senior Collection Officer Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Area Manager Salary

(6 salaries)

₹3.5 L/yr - ₹8.8 L/yr

Branch Manager Salary

(560 salaries)

₹1.8 L/yr - ₹7.5 L/yr

Cluster Manager Salary

(145 salaries)

₹4 L/yr - ₹10.6 L/yr

Relationship Manager Salary

(31 salaries)

₹2.2 L/yr - ₹3.7 L/yr

Collection Associate Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Top skills at Muthoot Finance for Area Collection Manager

Recovery Operations Collections Risk Management Debt Management Team Management Collection Management Recovery Customer Service Delinquency Management Team Handling Branch Management Employee Engagement Agency Management Training Recruitment

Salary related reviews for Muthoot Finance

3.0

Rated by 1 employees for salary & benefits

Deputy Manager in Rae Bareli

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 01 Dec 2024

3.0

for Salary and Benefits

Likes

salary hike and Career growth is nominal.. work culture and work life balance is best

Skill development - Good

+4 more

Dislikes

Increment of salary and Incentives payout is only for seniors and RO employees, branch level employee only get the nominal amount

Promotions - Poor

Branch Manager in New Delhi

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 28 Oct 2024

4.0

for Salary and Benefits

Likes

1.Market approach 2.On time salary and incentives 3.Accessible and easy to search services 4. Old and most known name in gold loan in market 5.brand goodwill

Salary - Good

+2 more

Dislikes

1. Security issues (unnecessary burden on employee) 2. It is like a high security jail 3. Unnecessary sales burden 4. Focus day ( no decreased roi no high per gram rate then it is illogical) 5. Sunday/night visit ( it should be the job done by security guard) 6. A number of products to sale with daily basis target (nobody can achieve all in a day) 7. Anybody unknown or new joinee in corporate or regional office can call you, threatened you,harrased you to complete his task on given time . 8. High rate of interest, difficult to add new customer comparing other banks and NBFC's 9. Muthoot most rust thing it's penalties ( a normal customer pays a lot extra RBI is still watching this fraud.

Job security - Bad

+3 more

Deputy Manager in Bhubaneswar

Full Time

Finance & Accounting Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Salary always credited in right time

Dislikes

Dividing the staff with religion Similar promotion and pay not available.Very politics on staff promotion Higher Authorities and very bad Paying very less payment Not employee friendly oriented company

Salary - Bad

+6 more

Branch Manager in Bhubaneswar

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 31 May 2023

1.0

for Salary and Benefits

Likes

Nothing in this company is good, company is very unorganised. Employment and Promotions is very pathetic situation mainly every decision based on Kerala centric employees. Kerala employees joined very good position and other states employees are very neglected by management it self.

Dislikes

...after several attempts whereas most likely employees of management got promoted. Salary Hike is very pathetic situation ,An employees dies by salary he/she gets. Supervisor behaviour is very rude to employees.Alway attempt to terminate the employment .

Salary - Bad

+6 more

Branch Manager in Bhuj

Full Time

Sales & Business Development Department

5.0

• posted on 01 Sep 2023

2.0

for Salary and Benefits

Likes

Company with good work culture and integrity. Company's marketing strategies and branding help us most for business generation. Audit team is always caring for customer's concern and company's image.

Skill development - Excellent

+4 more

Dislikes

Salary is not as per expectation compared to other competitors companies.

Salary - Poor

see more salary related reviews

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Muthoot Finance Area Collection Manager Salary FAQs

What is the salary of Area Collection Manager at Muthoot Finance ?

The average salary of a Area Collection Manager at Muthoot Finance in India typically ranges from ₹3.0 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 4 years to 13 years).

The top 10% of Area Collection Manager at Muthoot Finance earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Area Collection Manager Salaries at Muthoot 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 Muthoot Finance employees in India.

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

The estimated take-home salary of a Area Collection Manager at Muthoot Finance in India typically ranges from ₹51,508 to ₹52,722 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 4 years to 13 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 Muthoot Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Collection Manager at Muthoot Finance ?

To be a Area Collection Manager at Muthoot Finance in india, the key skills required include:

- Recovery Operations
- Collections
- Risk Management
- Debt Management
- Team Management

These skills are highly valued at Muthoot Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Muthoot Finance for Area Collection Manager in India?

Mahindra Rural Housing Finance	₹8.0 Lakhs to ₹22.0 Lakhs per year
Tata Capital Housing Finance	₹10.9 Lakhs to ₹16.2 Lakhs per year
Sundaram Finance	₹12.1 Lakhs to ₹17.5 Lakhs per year
TVS Credit	₹7.1 Lakhs to ₹17.5 Lakhs per year
John Deere Financial	₹8.3 Lakhs to ₹13.5 Lakhs per year

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

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

The salary of a Area Collection Manager at companies similar to Muthoot Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDB Financial Services	₹7.0 Lakhs to ₹17.4 Lakhs per year
PNB Housing Finance	₹5.0 Lakhs to ₹17.5 Lakhs per year
Manappuram Finance	₹8.6 Lakhs to ₹17.9 Lakhs per year
Bajaj Finance	₹5.1 Lakhs to ₹18.0 Lakhs per year
LendingKart	₹6.3 Lakhs to ₹17.0 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 Area Collection Manager at Muthoot Finance in India?

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

Experience	Average Salary Range
4 years	₹1.2 Lakhs to ₹3.2 Lakhs per year
5 years	₹3.0 Lakhs to ₹6.5 Lakhs per year
6 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
7 years	₹4.9 Lakhs to ₹6.2 Lakhs per year

and so on.

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Muthoot Finance Area Collection Manager Salaries

Muthoot Finance Area Collection Manager salary in India ranges between ₹3 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Finance latest salaries received from various employees of Muthoot Finance.