Muthoot Finance Area Manager Salaries by 6 Employees

10 - 18 years exp.

₹3.5 Lakhs - ₹8.8 Lakhs

Low Confidence

Salary of majority employees

39% less than the average Area Manager Salary in NBFC Companies for 10 - 18 years of experience

Interested in this particular role?

Last Updated: 14 Jul 2024

Companies similar to Muthoot Finance for Area Manager

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Area Manager Salary 3 - 9 years exp. (151 salaries)	₹2.9 L/yr - ₹7 L/yr 10% less
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Bajaj Finance Area Manager Salary 5 - 16 years exp. (229 salaries)	₹5.2 L/yr - ₹15.5 L/yr 70% more	233 job openings
HDFC Bank Area Manager Salary 6 - 17 years exp. (76 salaries)	₹5.7 L/yr - ₹20 L/yr 104% more
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ICICI Bank Area Manager Salary 2 - 17 years exp. (87 salaries)	₹4.3 L/yr - ₹11.7 L/yr 49% more
Axis Bank Area Manager Salary 6 - 16 years exp. (137 salaries)	₹4.5 L/yr - ₹14.4 L/yr 49% more
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Aditya Birla Finance Area Manager Salary 4 - 10 years exp. (8 salaries)	₹10.5 L/yr - ₹15 L/yr 83% more
Muthoot Fincorp Area Manager Salary 7 - 20 years exp. (218 salaries)	₹3.2 L/yr - ₹10.1 L/yr 27% more
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HDB Financial Services Area Manager Salary 7 - 17 years exp. (218 salaries)	₹6 L/yr - ₹15.3 L/yr 77% more	6 job openings
Mahindra Finance Area Manager Salary 4 - 19 years exp. (95 salaries)	₹3.1 L/yr - ₹14 L/yr 35% more
CreditAccess Grameen Area Manager Salary 7 - 20 years exp. (81 salaries)	₹3.3 L/yr - ₹9 L/yr 4% less	1 job opening
TVS Credit Area Manager Salary 8 - 18 years exp. (92 salaries)	₹7.2 L/yr - ₹21 L/yr 132% more
L&T Finance Area Manager Salary 5 - 12 years exp. (32 salaries)	₹4.9 L/yr - ₹15 L/yr 43% more
IIFL Finance Area Manager Salary 4 - 17 years exp. (33 salaries)	₹3.9 L/yr - ₹13.8 L/yr 32% more	2 job openings
Poonawalla Fincorp Area Manager Salary 5 - 13 years exp. (29 salaries)	₹2.7 L/yr - ₹9 L/yr 5% less
SK Finance Limited Area Manager Salary 8 - 18 years exp. (28 salaries)	₹5 L/yr - ₹12.8 L/yr 43% more
Bharat Financial Inclusion Area Manager Salary 1 - 6 years exp. (11 salaries)	₹3.3 L/yr - ₹11 L/yr 32% more

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Area Manager salary at Muthoot Finance ranges between ₹3.5 Lakhs to ₹8.8 Lakhs per year for employees with experience between 10 years to 18 years. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Area Manager salaries

Last Updated: 14 Jul 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹10.5 L/yr
11 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.7 L/yr
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12 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹10.6 L/yr
13 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹10.6 L/yr
14 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7 L/yr
15+ years (AmbitionBox Estimate)	₹2.4 L/yr - ₹8.8 L/yr

View all

Similar Designation salaries in Muthoot Finance

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Branch Manager Salary

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₹1.8 L/yr - ₹7.5 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹6.4 L/yr - ₹8.2 L/yr

Cluster Manager Salary

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₹4 L/yr - ₹10.6 L/yr

Deputy Manager Salary

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₹2.8 L/yr - ₹8.9 L/yr

Regional Manager Salary

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₹6.8 L/yr - ₹21.5 L/yr

Marketing Manager Salary

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₹2.35 L/yr - ₹6.5 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Territory Manager Salary

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₹6 L/yr - ₹8.5 L/yr

Team Lead Salary

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₹1.8 L/yr - ₹3.85 L/yr

Top skills at Muthoot Finance for Area Manager

Retail Foreign Exchange Client Relationship Sales Forex

Salary related reviews for Muthoot Finance

4.5

Rated by 4 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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Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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Muthoot Finance Area Manager Salary FAQs

What is the salary of Area Manager at Muthoot Finance ?

The average salary of a Area Manager at Muthoot Finance in India typically ranges from ₹3.5 Lakhs to ₹8.8 Lakhs per year, depending on experience (from 10 years to 18 years).

The top 10% of Area Manager at Muthoot Finance earn more than ₹8.8 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Area 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 6 Muthoot Finance employees in India.

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

The estimated take-home salary of a Area Manager at Muthoot Finance in India typically ranges from ₹44,569 to ₹45,666 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹8.8 Lakhs per year for employees with experience ranging from 10 years to 18 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 6 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 Manager at Muthoot Finance ?

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

- Retail
- Foreign Exchange
- Client Relationship
- Sales
- Forex

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 Manager in India?

LIC Housing Finance	₹9.0 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindra Bank	₹7.0 Lakhs to ₹27.0 Lakhs per year
Tata Capital Housing Finance	₹12.0 Lakhs to ₹20.0 Lakhs per year
TVS Credit	₹7.2 Lakhs to ₹21.0 Lakhs per year
HDFC Bank	₹5.7 Lakhs to ₹20.0 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 Manager in companies similar to Muthoot Finance in India?

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

SMFG India Credit	₹9.1 Lakhs to ₹16.9 Lakhs per year
Aditya Birla Finance	₹10.5 Lakhs to ₹15.0 Lakhs per year
HDB Financial Services	₹6.0 Lakhs to ₹15.3 Lakhs per year
PNB Housing Finance	₹8.3 Lakhs to ₹11.0 Lakhs per year
Mahindra Rural Housing Finance	₹9.3 Lakhs to ₹14.0 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 Manager at Muthoot Finance in India?

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

Experience	Average Salary Range
10 years	₹3.5 Lakhs to ₹10.5 Lakhs per year
11 years	₹5.3 Lakhs to ₹6.7 Lakhs per year
12 years	₹3.5 Lakhs to ₹10.6 Lakhs per year
13 years	₹3.5 Lakhs to ₹10.6 Lakhs per year

and so on.

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Muthoot Finance Area Manager Salaries

Muthoot Finance Area Manager salary in India ranges between ₹3.5 Lakhs to ₹8.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Muthoot Finance latest salaries received from various employees of Muthoot Finance.