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Muthoot Finance

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3.6

based on 4.8k Reviews

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Muthoot Finance Assistant Manager salaries in India

Annual salary range
0 - 11 years exp.
₹1.7 Lakh - ₹5.6 Lakhs
Salary of majority employees
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52% less than the average Assistant Manager Salary in NBFC Companies for 0 - 11 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting
Assistant Manager Salary
0 - 11 years exp. (258 salaries)
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₹2 L/yr - ₹5 L/yr

BFSI, Investments & Trading
Assistant Manager Salary
0 - 11 years exp. (132 salaries)
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₹2.2 L/yr - ₹5.5 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
0 - 11 years exp. (106 salaries)
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₹1.8 L/yr - ₹5 L/yr

Sales & Business Development
Assistant Manager Salary
0 - 8 years exp. (36 salaries)
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₹2.2 L/yr - ₹5.6 L/yr

Last Updated: 4 Jan 2025

Companies similar to Muthoot Finance for Assistant Manager

Company name Avg Annual Salary Open Jobs
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Bajaj Finance Assistant Manager Salary

0 - 13 years exp. (1.2k salaries)
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₹1.5 L/yr - ₹8.5 L/yr

arrow icon 19% more
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HDFC Bank Assistant Manager Salary

0 - 10 years exp. (9.4k salaries)
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₹1.8 L/yr - ₹7.3 L/yr

arrow icon 5% less
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ICICI Bank Assistant Manager Salary

0 - 8 years exp. (10.2k salaries)
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₹1.8 L/yr - ₹6 L/yr

At par
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Kotak Mahindra Bank Assistant Manager Salary

0 - 9 years exp. (12.6k salaries)
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₹1 L/yr - ₹5 L/yr

arrow icon 13% less
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Axis Bank Assistant Manager Salary

0 - 10 years exp. (15k salaries)
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₹1.8 L/yr - ₹5.9 L/yr

At par
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Yes Bank Assistant Manager Salary

0 - 10 years exp. (3.4k salaries)
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₹2 L/yr - ₹6.6 L/yr

arrow icon 11% more
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IndusInd Bank Assistant Manager Salary

0 - 10 years exp. (2.3k salaries)
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₹1.5 L/yr - ₹6.3 L/yr

arrow icon 4% less
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IDFC FIRST Bank Assistant Manager Salary

0 - 10 years exp. (1.6k salaries)
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₹2.1 L/yr - ₹7.1 L/yr

arrow icon 20% more
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Federal Bank Assistant Manager Salary

0 - 10 years exp. (560 salaries)
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₹6 L/yr - ₹20 L/yr

arrow icon 217% more
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RBL Bank Assistant Manager Salary

0 - 10 years exp. (1.3k salaries)
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₹1.8 L/yr - ₹7 L/yr

arrow icon 4% more
View all
Assistant Manager salary at Muthoot Finance ranges between ₹1.7 Lakh to ₹5.6 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 740 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Assistant Manager

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Experience wise Muthoot Finance Assistant Manager salaries

Last Updated: 4 Jan 2025

Experience Avg Annual Salary
Fresher  (17 salaries)

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₹2.2 L/yr - ₹4.9 L/yr
1 year  (46 salaries)

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₹1.7 L/yr - ₹5 L/yr
2 years  (81 salaries)

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₹1.8 L/yr - ₹5 L/yr
3 years  (133 salaries)

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₹2 L/yr - ₹5.3 L/yr
4 years  (129 salaries)

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₹2 L/yr - ₹5 L/yr
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Muthoot Finance Assistant Manager Salary and Career Growth

From

To

Assistant Manager

₹unlock blur Lakhs/yr

0 - 11 years exp.

Cluster Manager

₹unlock blur Lakhs/yr

8 - 20 years exp.

Assistant Manager 0 - 11 years exp.
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Branch Manager 2 - 18 years exp.
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arrow icon 24% hike
    Cluster Manager 8 - 20 years exp.
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    arrow icon 39% hike
    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Similar Designation salaries in Muthoot Finance

    Assistant Manager O&M Salary
    (10 salaries)
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    ₹3 L/yr - ₹4 L/yr
    Department Manager Salary
    (AmbitionBox Estimate)
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    ₹5.2 L/yr - ₹6.7 L/yr
    Assistant Branch Manager Salary
    (181 salaries)
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    ₹2.4 L/yr - ₹7.47 L/yr
    Operations Manager Salary
    (21 salaries)
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    ₹2.05 L/yr - ₹7.5 L/yr
    Team Manager Salary
    (3 salaries)
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    ₹3.1 L/yr - ₹6 L/yr
    Store Manager Salary
    (AmbitionBox Estimate)
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    ₹2.5 L/yr - ₹3.2 L/yr
    Branch Manager Salary
    (524 salaries)
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    ₹1.8 L/yr - ₹7.5 L/yr
    Deputy Manager Salary
    (81 salaries)
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    ₹3.6 L/yr - ₹8.9 L/yr
    Sales Manager Salary
    (30 salaries)
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    ₹3 L/yr - ₹6.3 L/yr
    Relationship Manager Salary
    (30 salaries)
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    ₹2 L/yr - ₹3.5 L/yr

    Top skills at Muthoot Finance for Assistant Manager

    Gold Loan Branch Operations Banking Branch Handling Relationship Building

    Salary related reviews for Muthoot Finance

    3.7

    Rated by 246 employees for salary & benefits

    Assistant Manager in Bangalore / Bengaluru

    Full Time

     · 

    Finance & Accounting Department

    4.0
      •  posted on 28 Jan 2024
    3.0
     for  Salary and Benefits

    Likes

    Muthoot Finance is a professional company and all the workers working in the company are given timely salary and promotion. Muthoot Finance is a good company for newly joined employees to improve their career.

    read more

    Dislikes

    Some time over work load there, othervise is Good.

    Assistant Manager in Chandigarh

    Full Time

     · 

    Teaching & Training Department

    5.0
      •  posted on 18 Aug 2017
    5.0
     for  Salary and Benefits

    Likes

    Its all about lyk job security, salary disbusment at last day of the month and i never found and deviation in the same and also if talk about learing skills its excelent to learning from all seniors and best cordination

    read more

    Dislikes

    Nothing

    Assistant Manager in Warangal Regional

    Sales & Business Development Department

    3.0
      •  posted on 26 May 2022
    2.0
     for  Salary and Benefits

    Likes

    Salary paid at time....that's it

    Dislikes

    No proper response from company regarding salary hikes,no employee benefits such no lunch time,many Sundays also have to work,pressurize employee to fulfill target no matter how,no guarantee of incentives,some incentives will be gud sometimes less don't know why?.....even company policies for resign or notice period not known by employees,they don't know why lots of things happens? Only for job need they are working.....not really a great place to work If yes ....why lots of senior executive's, assistant Managers and branch manager leaving?

    read more

    Assistant Manager in Balasore

    Marketing & Communication Department

    3.0
      •  posted on 14 Apr 2022
    3.0
     for  Salary and Benefits

    Likes

    Good work environment and culture. Team work together we can together we will. Company policies are good and they give good salary hike and bonus every year.

    read more

    Dislikes

    Salary growth different from different staff as a same degination.

    Assistant Manager

    Other Department

    4.0
      •  posted on 13 Jul 2019
    1.0
     for  Salary and Benefits

    Likes

    Muthoot Finance Ltd is good company with good values gives salary in sharp last day of every month .

    read more

    Dislikes

    Muthoot Finance Ltd is good company with good values but higher authorities and auditors spoil the good atmosphere .Manager and bellow grade people work heard and earn money for company ,above manager grade people simply enjoy the fruits and also rule manager and bellow people.If Manager did not done business higher authorities gives pressure him and if manager did business auditors intentionally write complaints on manager even small mistakes also they show in big mirror.With out small deviation on rules in present market we did not done business.

    read more
    see more salary related reviews

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    Salary Discussions, Hike & Promotions
    2w (edited)
    a social media specialist
    Salary Expectations
    I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?
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    Muthoot Finance Assistant Manager Salary FAQs

    What is the salary of Assistant Manager at Muthoot Finance?
    Assistant Manager salary at Muthoot Finance in India ranges between ₹1.7 Lakhs to ₹5.6 Lakhs for less than 1 year of experience to 11 years. According to our estimates it is 52% less than the average Assistant Manager Salary in India. Salary estimates are based on 740 latest salaries received from various employees of Muthoot Finance India.
    How does the salary of a Assistant Manager at Muthoot Finance India compare with the average salary range for this job?
    The average salary of a Assistant Manager at Muthoot Finance is 52% less than the average salary of a Assistant Manager in India. To know exact salary insights, login to view.
    What are the top skills required to work as a Assistant Manager at Muthoot Finance?
    Gold Loan, Branch Operations, Banking, Branch Handling and Relationship Building are some of the popular skills required to work as a Assistant Manager at Muthoot Finance India.
    Which similar companies are paying more than Muthoot Finance to a Assistant Manager in India?
    • LIC Housing Finance Assistant Manager Salary - ₹6.3 Lakhs to ₹20.0 Lakhs per year
    • Federal Bank Assistant Manager Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
    • Tata Capital Assistant Manager Salary - ₹2.8 Lakhs to ₹12.0 Lakhs per year
    • SMFG India Credit Assistant Manager Salary - ₹2.0 Lakhs to ₹12.0 Lakhs per year
    • PNB Housing Finance Assistant Manager Salary - ₹3.2 Lakhs to ₹9.0 Lakhs per year
    What is the salary of a Assistant Manager in companies similar to Muthoot Finance in India?
    • L&T Finance Assistant Manager Salary - ₹2.3 Lakhs to ₹9.0 Lakhs per year
    • Bharat Financial Inclusion Assistant Manager Salary - ₹2.0 Lakhs to ₹8.3 Lakhs per year
    • Sundaram Finance Assistant Manager Salary - ₹2.1 Lakhs to ₹9.0 Lakhs per year
    • Sammaan Capital Limited Assistant Manager Salary - ₹2.4 Lakhs to ₹10.3 Lakhs per year
    • Poonawalla Fincorp Assistant Manager Salary - ₹2.2 Lakhs to ₹8.6 Lakhs per year
    What is the estimated take home salary of a Assistant Manager at Muthoot Finance in India?
    The estimated take-home salary of a Assistant Manager at Muthoot Finance ranges between ₹29,539 per month to ₹30,860 per month in India. The take-home salary calculation is based on the average Muthoot Finance Assistant Manager salary in India which ranges between ₹1.7 Lakhs to ₹5.6 Lakhs per year for employees with less than 1 year of experience to 11 years. Check how did we calculate take home salary?
    What is the notice period for Assistant Manager at Muthoot Finance?
    According to AmbitionBox, 36% of the Muthoot Finance Assistant Managers reported a notice period of 3 Months, 24% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 737 responses on AmbitionBox in last 2 years.

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    Muthoot Finance Assistant Manager Salaries by Location

    Muthoot Finance Assistant Manager salary in India ranges between ₹1.7 Lakh to ₹5.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 740 Muthoot Finance latest salaries received from various employees of Muthoot Finance.