Muthoot Finance Cluster Business Manager Salaries by 4 Employees (Updated 2024)

12 - 20 years exp.

₹3.5 Lakhs - ₹6.8 Lakhs

Low Confidence

Salary of majority employees

49% less than the average Cluster Business Manager Salary in NBFC Companies for 12 - 20 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting Cluster Business Manager Salary 15 - 20 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.8 L/yr
BFSI, Investments & Trading Cluster Business Manager Salary 17 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr
Login to view exact salary
Customer Success, Service & Operations Cluster Business Manager Salary 12 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 16 Mar 2023

Companies similar to Muthoot Finance for Cluster Business Manager

Company name	Avg Annual Salary	Open Jobs
Axis Bank Cluster Business Manager Salary 3 - 12 years exp. (43 salaries)	₹3.9 L/yr - ₹11 L/yr 54% more	1 job opening
Kotak Mahindra Bank Cluster Business Manager Salary 16 - 18 years exp. (4 salaries)	₹16.5 L/yr - ₹20 L/yr 237% more
Login to view exact salary
SMFG India Credit Cluster Business Manager Salary 9 - 14 years exp. (28 salaries)	₹4.9 L/yr - ₹12.1 L/yr 70% more
Sammaan Capital Limited Cluster Business Manager Salary 15 - 20 years exp. (8 salaries)	₹35 L/yr - ₹43.9 L/yr 721% more
IDFC FIRST Bharat Cluster Business Manager Salary 6 - 11 years exp. (8 salaries)	₹4.4 L/yr - ₹11 L/yr 66% more
Muthoot Fincorp Cluster Business Manager Salary 20 - 22 years exp. (4 salaries)	₹16.2 L/yr - ₹22.5 L/yr 258% more
HDB Financial Services Cluster Business Manager Salary 14 - 17 years exp. (4 salaries)	₹14.8 L/yr - ₹21.3 L/yr 224% more
IIFL Finance Cluster Business Manager Salary 12 - 17 years exp. (3 salaries)	₹8.5 L/yr - ₹11 L/yr 76% more

Cluster Business Manager salary at Muthoot Finance ranges between ₹3.5 Lakhs to ₹6.8 Lakhs per year for employees with experience between 12 years to 20 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Cluster Business Manager salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.6 L/yr
13 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.5 L/yr
Login to view exact salary
14 years (AmbitionBox Estimate)	₹4 L/yr - ₹4.9 L/yr
15+ years (3 salaries)	₹5 L/yr - ₹6.8 L/yr

Similar Designation salaries in Muthoot Finance

Branch Manager Salary

(541 salaries)

₹1.8 L/yr - ₹7.5 L/yr

Assistant Branch Manager Salary

(162 salaries)

₹2 L/yr - ₹7 L/yr

Cluster Manager Salary

(138 salaries)

₹4 L/yr - ₹10.61 L/yr

Regional Manager Salary

(47 salaries)

₹6.8 L/yr - ₹21.5 L/yr

Business Development Manager Salary

(37 salaries)

₹2.65 L/yr - ₹6.25 L/yr

Relationship Manager Salary

(34 salaries)

₹1.9 L/yr - ₹3.5 L/yr

Sales Manager Salary

(33 salaries)

₹2.25 L/yr - ₹6.3 L/yr

Sales Officer Salary

(25 salaries)

₹1.8 L/yr - ₹3.4 L/yr

Cluster Head Salary

(15 salaries)

₹3.8 L/yr - ₹11.75 L/yr

Regional Head Salary

(11 salaries)

₹7 L/yr - ₹20 L/yr

Top skills at Muthoot Finance for Cluster Business Manager

Sales Planning Customer Satisfaction channel management Strategic Planning Communication Skills Profitability Financial Analysis Business Development Team Management Forecasting Cost Control New Business Sales Marketing Market Analysis

Salary related reviews for Muthoot Finance

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 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 .

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.

Dislikes

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

Assistant Branch Manager in Indore

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 06 Oct 2023

2.0

for Salary and Benefits

Likes

Provided best customer service as well as various schemes for customers

Dislikes

Not beneficial for employees very less salary and growth opportunities. Thay don't have any value for there existing and resined employees. Very disappointing.

Cluster Manager in Ramanathapuram

Full Time

Finance & Accounting Department

5.0

• posted on 19 Oct 2020

4.0

for Salary and Benefits

Likes

...Team Work to us. Good micro Management. Good policies, huge incremental options. Every year bonus.

Dislikes

Some higher officer do Partiality. Missing some Support. Not transparent. Timings Incentive is not given

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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?

Got a question about Muthoot Finance?

Ask anonymously on communities.

Muthoot Finance Cluster Business Manager Salary FAQs

What is the salary of Cluster Business Manager at Muthoot Finance?

Cluster Business Manager salary at Muthoot Finance in India ranges between ₹3.5 Lakhs to ₹6.8 Lakhs for experience between 12 years to 20 years. According to our estimates it is 49% less than the average Cluster Business Manager 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 Cluster Business Manager at Muthoot Finance India compare with the average salary range for this job?

The average salary of a Cluster Business Manager at Muthoot Finance is 49% less than the average salary of a Cluster Business Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Business Manager at Muthoot Finance?

Sales Planning, Customer Satisfaction, channel management, Strategic Planning and Communication Skills are some of the popular skills required to work as a Cluster Business Manager at Muthoot Finance India.

Which similar companies are paying more than Muthoot Finance to a Cluster Business Manager in India?

Sammaan Capital Limited Cluster Business Manager Salary - ₹35.0 Lakhs to ₹43.9 Lakhs per year
Muthoot Fincorp Cluster Business Manager Salary - ₹16.2 Lakhs to ₹22.5 Lakhs per year
Kotak Mahindra Bank Cluster Business Manager Salary - ₹16.5 Lakhs to ₹20.0 Lakhs per year
HDB Financial Services Cluster Business Manager Salary - ₹14.8 Lakhs to ₹21.3 Lakhs per year
IIFL Finance Cluster Business Manager Salary - ₹8.5 Lakhs to ₹11.0 Lakhs per year

What is the salary of a Cluster Business Manager in companies similar to Muthoot Finance in India?

SMFG India Credit Cluster Business Manager Salary - ₹4.9 Lakhs to ₹12.1 Lakhs per year
IDFC FIRST Bharat Cluster Business Manager Salary - ₹4.4 Lakhs to ₹11.0 Lakhs per year
Axis Bank Cluster Business Manager Salary - ₹3.9 Lakhs to ₹11.0 Lakhs per year

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

The estimated take-home salary of a Cluster Business Manager at Muthoot Finance ranges between ₹40,000 per month to ₹41,165 per month in India. The take-home salary calculation is based on the average Muthoot Finance Cluster Business Manager salary in India which ranges between ₹3.5 Lakhs to ₹6.8 Lakhs per year for employees with experience between 12 years to 20 years. Check how did we calculate take home salary?

What is the notice period for Cluster Business Manager at Muthoot Finance?

According to AmbitionBox, 100% of the Muthoot Finance Cluster Business Managers reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Muthoot Finance Cluster Business Manager Salaries by Location

Home >
Salaries >
Muthoot Finance Salaries >
Muthoot Finance Cluster Business Manager Salaries

Muthoot Finance Cluster Business Manager salary in India ranges between ₹3.5 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.