Muthoot Finance BM Salaries by 8 Employees (Updated 2024)

5 - 10 years exp.

₹3 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

13% less than the average BM Salary in NBFC Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading BM Salary 5 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹5.6 L/yr
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Finance & Accounting BM Salary 6 - 10 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹4.8 L/yr

Last Updated: 2 Mar 2024

Companies similar to Muthoot Finance for BM

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance BM Salary 2 - 11 years exp. (3 salaries)	₹3.6 L/yr - ₹4.6 L/yr 19% less
Shriram Finance BM Salary 0 - 16 years exp. (7 salaries)	₹2.8 L/yr - ₹5.3 L/yr 16% less
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HDFC Bank BM Salary 10 - 18 years exp. (8 salaries)	₹7.2 L/yr - ₹21 L/yr 140% more
ICICI Bank BM Salary 7 - 12 years exp. (16 salaries)	₹3.5 L/yr - ₹8.1 L/yr 62% more
Kotak Mahindra Bank BM Salary 11 - 13 years exp. (5 salaries)	₹7.1 L/yr - ₹14.5 L/yr 110% more
Tata Capital BM Salary 6 - 8 years exp. (3 salaries)	₹4.8 L/yr - ₹5.5 L/yr 3% more
Mahindra Rural Housing Finance BM Salary 1 - 11 years exp. (13 salaries)	₹2.6 L/yr - ₹5 L/yr 22% less
Aavas Financiers BM Salary 4 - 12 years exp. (10 salaries)	₹4.5 L/yr - ₹7 L/yr 16% more
L&T Finance BM Salary 3 - 9 years exp. (9 salaries)	₹3.2 L/yr - ₹5.7 L/yr 11% less
Muthoot Fincorp BM Salary 4 - 11 years exp. (8 salaries)	₹3.1 L/yr - ₹4 L/yr 23% less
IIFL Finance BM Salary 5 - 11 years exp. (6 salaries)	₹4.8 L/yr - ₹6 L/yr 5% more
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CreditAccess Grameen BM Salary 3 - 10 years exp. (5 salaries)	₹2.7 L/yr - ₹4.4 L/yr 28% less
Satin Creditcare Network BM Salary 4 - 8 years exp. (4 salaries)	₹3.2 L/yr - ₹4 L/yr 28% less
Capri Global Capital BM Salary 5 - 9 years exp. (4 salaries)	₹5.5 L/yr - ₹8.5 L/yr 48% more
SMFG India Credit BM Salary 8 - 15 years exp. (4 salaries)	₹3.6 L/yr - ₹7.5 L/yr 12% more
HDB Financial Services BM Salary 10 - 11 years exp. (3 salaries)	₹5.2 L/yr - ₹6.3 L/yr 15% more

BM salary at Muthoot Finance ranges between ₹3 Lakhs to ₹5 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance BM salaries

Last Updated: 2 Mar 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.4 L/yr
6 years (3 salaries)	₹3 L/yr - ₹8.5 L/yr
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7 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5 L/yr
8 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.6 L/yr
9 years (AmbitionBox Estimate)	₹2 L/yr - ₹5 L/yr
10 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹8.9 L/yr

View all

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Top skills at Muthoot Finance for BM

Sales Gold Loan Finance Management Interpersonal Skills Sales Operations Analytical skills client servicing Personal Loans Corporate Sales Customer Relationship Operations Auto Loans Training Mortgage Loans

Salary related reviews for Muthoot Finance

5.0

Rated by 4 employees for salary & benefits

Branch Incharge in Varanasi

Full Time

Sales & Business Development Department

2.0

• posted on 22 Oct 2024

1.0

for Salary and Benefits

Likes

Yes,they look after there employees and have very strong Audit team which help in taking quick and responsive initiatives over any queries.

Dislikes

...the RM and the other employees at Ro level takes the Branch staff for granted 2. Salary package is very very low as compaire to others. 3. They ask about salary justification over work,i would like to say first you give the proper salary and designation to you employee's and then ask this question

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

Customer Care Executive in New Delhi

Full Time

Human Resources Department

5.0

• posted on 28 May 2024

4.0

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.

Dislikes

Muthoot finance is not A bad company for me. So I won't say bad.

Junior Relationship Officer in Uttarpara

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 26 Dec 2023

2.0

for Salary and Benefits

Likes

Timely salary

Dislikes

Less salary, in respect of the work we do, Work timing, maximum days we have to sit late beyond work time, and we do not get any kind of overtime pay Less holidays Less support from higher authorities

Relationship Executive in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

5.0

• posted on 30 Nov 2023

5.0

for Salary and Benefits

Likes

...r knowledge . We can learn each and every product knowledge in muthoot finance. And quarterly incentives are there with salary. I love very much of security system of muthoot finance

Dislikes

No deslikes are there but one thing few holidays are there in muthoot finance that's it.

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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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Muthoot Finance BM Salary FAQs

What is the salary of BM at Muthoot Finance?

BM salary at Muthoot Finance in India ranges between ₹3.0 Lakhs to ₹5.0 Lakhs for experience between 5 years to 10 years. According to our estimates it is 13% less than the average BM Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Finance India.

How does the salary of a BM at Muthoot Finance India compare with the average salary range for this job?

The average salary of a BM at Muthoot Finance is 13% less than the average salary of a BM in India. To know exact salary insights, login to view.

What are the top skills required to work as a BM at Muthoot Finance?

Sales, Gold Loan, Finance, Management and Interpersonal Skills are some of the popular skills required to work as a BM at Muthoot Finance India.

Which similar companies are paying more than Muthoot Finance to a BM in India?

HDFC Bank BM Salary - ₹7.2 Lakhs to ₹21.0 Lakhs per year
Kotak Mahindra Bank BM Salary - ₹7.1 Lakhs to ₹14.5 Lakhs per year
ICICI Bank BM Salary - ₹3.5 Lakhs to ₹8.1 Lakhs per year
Capri Global Capital BM Salary - ₹5.5 Lakhs to ₹8.5 Lakhs per year
Aavas Financiers BM Salary - ₹4.5 Lakhs to ₹7.0 Lakhs per year

What is the salary of a BM in companies similar to Muthoot Finance in India?

HDB Financial Services BM Salary - ₹5.2 Lakhs to ₹6.3 Lakhs per year
SMFG India Credit BM Salary - ₹3.6 Lakhs to ₹7.5 Lakhs per year
IIFL Finance BM Salary - ₹4.8 Lakhs to ₹6.0 Lakhs per year
Tata Capital BM Salary - ₹4.8 Lakhs to ₹5.5 Lakhs per year
L&T Finance BM Salary - ₹3.2 Lakhs to ₹5.7 Lakhs per year

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

The estimated take-home salary of a BM at Muthoot Finance ranges between ₹36,963 per month to ₹38,173 per month in India. The take-home salary calculation is based on the average Muthoot Finance BM salary in India which ranges between ₹3.0 Lakhs to ₹5.0 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?

What is the notice period for BM at Muthoot Finance?

According to AmbitionBox, 63% of the Muthoot Finance BMs reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Muthoot Finance BM Salaries

Muthoot Finance BM salary in India ranges between ₹3 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Muthoot Finance latest salaries received from various employees of Muthoot Finance.