Muthoot Finance Branch Manager 2 Salaries by 4 Employees (Updated 2024)

10 - 13 years exp.

₹5 Lakhs - ₹6.8 Lakhs

Low Confidence

Salary of majority employees

33% less than the average Branch Manager 2 Salary in NBFC Companies for 10 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager 2 Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.4 L/yr
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Finance & Accounting Branch Manager 2 Salary 10 - 13 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.6 L/yr

Last Updated: 23 Feb 2024

Companies similar to Muthoot Finance for Branch Manager 2

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Branch Manager 2 Salary 6 - 9 years exp. (3 salaries)	₹7.2 L/yr - ₹9.2 L/yr 33% more
ICICI Bank Branch Manager 2 Salary 9 - 18 years exp. (26 salaries)	₹8.5 L/yr - ₹17.1 L/yr 98% more
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Axis Bank Branch Manager 2 Salary 12 - 17 years exp. (4 salaries)	₹10.5 L/yr - ₹14 L/yr 112% more
Muthoot Fincorp Branch Manager 2 Salary 6 - 11 years exp. (6 salaries)	₹3.5 L/yr - ₹6 L/yr 19% less
IIFL Finance Branch Manager 2 Salary 7 - 13 years exp. (3 salaries)	₹5 L/yr - ₹6.2 L/yr 8% less

Branch Manager 2 salary at Muthoot Finance ranges between ₹5 Lakhs to ₹6.8 Lakhs per year for employees with experience between 10 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Branch Manager 2 salaries

Last Updated: 23 Feb 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
12 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
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13 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr

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Top skills at Muthoot Finance for Branch Manager 2

Team Handling Cross Selling Branch Banking Branch Management Business Development Branch Handling Sales Branch Operations

Salary related reviews for Muthoot Finance

1.0

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

Dislikes

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

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

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.

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

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 .

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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 Branch Manager 2 Salary FAQs

What is the salary of Branch Manager 2 at Muthoot Finance?

Branch Manager 2 salary at Muthoot Finance in India ranges between ₹5.0 Lakhs to ₹6.8 Lakhs for experience between 10 years to 13 years. According to our estimates it is 33% less than the average Branch Manager 2 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance India.

How does the salary of a Branch Manager 2 at Muthoot Finance India compare with the average salary range for this job?

The average salary of a Branch Manager 2 at Muthoot Finance is 33% less than the average salary of a Branch Manager 2 in India. To know exact salary insights, login to view.

What are the top skills required to work as a Branch Manager 2 at Muthoot Finance?

Team Handling, Cross Selling, Branch Banking, Branch Management and Business Development are some of the popular skills required to work as a Branch Manager 2 at Muthoot Finance India.

Which similar companies are paying more than Muthoot Finance to a Branch Manager 2 in India?

Axis Bank Branch Manager 2 Salary - ₹10.5 Lakhs to ₹14.0 Lakhs per year
ICICI Bank Branch Manager 2 Salary - ₹8.5 Lakhs to ₹17.1 Lakhs per year
Shriram Finance Branch Manager 2 Salary - ₹7.2 Lakhs to ₹9.2 Lakhs per year

What is the salary of a Branch Manager 2 in companies similar to Muthoot Finance in India?

IIFL Finance Branch Manager 2 Salary - ₹5.0 Lakhs to ₹6.2 Lakhs per year
Muthoot Fincorp Branch Manager 2 Salary - ₹3.5 Lakhs to ₹6.0 Lakhs per year

What is the estimated take home salary of a Branch Manager 2 at Muthoot Finance in India?

The estimated take-home salary of a Branch Manager 2 at Muthoot Finance ranges between ₹45,798 per month to ₹46,884 per month in India. The take-home salary calculation is based on the average Muthoot Finance Branch Manager 2 salary in India which ranges between ₹5.0 Lakhs to ₹6.8 Lakhs per year for employees with experience between 10 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager 2 at Muthoot Finance?

According to AmbitionBox, 67% of the Muthoot Finance Branch Manager 2s reported a notice period of 3 Months, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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Muthoot Finance Branch Manager 2 Salaries

Muthoot Finance Branch Manager 2 salary in India ranges between ₹5 Lakhs to ₹6.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.