Muthoot Finance Cluster Head Salaries by 10+ Employees (Updated 2025)

12 - 18 years exp.

₹4.7 Lakhs - ₹10.7 Lakhs

Salary of majority employees

51% less than the average Cluster Head Salary in NBFC Companies for 12 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Head Salary 14 - 17 years exp. (3 salaries)	₹5.1 L/yr - ₹7.3 L/yr
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Sales & Business Development Cluster Head Salary 12 - 18 years exp. (3 salaries)	₹5.2 L/yr - ₹6.8 L/yr

Last Updated: 23 Jan 2025

Companies similar to Muthoot Finance for Cluster Head

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Cluster Head Salary 10 - 13 years exp. (4 salaries)	₹5.1 L/yr - ₹5.5 L/yr 25% less
Bajaj Finance Cluster Head Salary 4 - 17 years exp. (21 salaries)	₹9.8 L/yr - ₹21.9 L/yr 155% more
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HDFC Bank Cluster Head Salary 9 - 21 years exp. (385 salaries)	₹8.5 L/yr - ₹32 L/yr 204% more
ICICI Bank Cluster Head Salary 3 - 19 years exp. (34 salaries)	₹6 L/yr - ₹25 L/yr 113% more
Axis Bank Cluster Head Salary 12 - 22 years exp. (166 salaries)	₹9.4 L/yr - ₹36.4 L/yr 229% more
Kotak Mahindra Bank Cluster Head Salary 5 - 16 years exp. (51 salaries)	₹4.3 L/yr - ₹16.9 L/yr 45% more
Tata Capital Cluster Head Salary 5 - 17 years exp. (17 salaries)	₹9 L/yr - ₹25 L/yr 153% more	1 job opening
Aditya Birla Finance Cluster Head Salary 9 - 18 years exp. (6 salaries)	₹17.5 L/yr - ₹28 L/yr 224% more
IIFL Finance Cluster Head Salary 6 - 13 years exp. (37 salaries)	₹4 L/yr - ₹14 L/yr 21% more
HDB Financial Services Cluster Head Salary 12 - 24 years exp. (31 salaries)	₹12 L/yr - ₹23 L/yr 160% more
SMFG India Credit Cluster Head Salary 7 - 17 years exp. (7 salaries)	₹8 L/yr - ₹14 L/yr 68% more
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Sammaan Capital Limited Cluster Head Salary 11 - 19 years exp. (6 salaries)	₹10 L/yr - ₹27.6 L/yr 205% more
Sundaram Finance Cluster Head Salary 19 - 23 years exp. (6 salaries)	₹23.5 L/yr - ₹26 L/yr 257% more
Tata Capital Housing Finance Cluster Head Salary 8 - 18 years exp. (5 salaries)	₹10 L/yr - ₹17 L/yr 90% more
Satin Creditcare Network Cluster Head Salary 6 - 12 years exp. (4 salaries)	₹5.4 L/yr - ₹8 L/yr 1% less
Bharat Financial Inclusion Cluster Head Salary 14 - 18 years exp. (4 salaries)	₹6 L/yr - ₹8 L/yr 2% less
Kotak Mahindra Prime Cluster Head Salary 10 - 18 years exp. (4 salaries)	₹14.3 L/yr - ₹16.3 L/yr 135% more
Capri Global Capital Cluster Head Salary 15 - 17 years exp. (4 salaries)	₹12.4 L/yr - ₹19.6 L/yr 130% more
SK Finance Limited Cluster Head Salary 12 - 17 years exp. (4 salaries)	₹12 L/yr - ₹22 L/yr 149% more
Mahindra Rural Housing Finance Cluster Head Salary 8 - 14 years exp. (3 salaries)	₹9.3 L/yr - ₹14 L/yr 57% more

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Cluster Head salary at Muthoot Finance ranges between ₹4.7 Lakhs to ₹10.7 Lakhs per year for employees with experience between 12 years to 18 years. Salary estimates are based on 13 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Cluster Head salaries

Last Updated: 23 Jan 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹12 L/yr
13 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹12.1 L/yr
Login to view exact salary
14 years (4 salaries)	₹5.1 L/yr - ₹8 L/yr
15+ years (6 salaries)	₹5.8 L/yr - ₹12.6 L/yr

Similar Designation salaries in Muthoot Finance

Cluster Manager Salary

(145 salaries)

₹4 L/yr - ₹10.6 L/yr

Team Lead Salary

(23 salaries)

₹1.8 L/yr - ₹3.85 L/yr

Sales Officer Salary

(23 salaries)

₹1.8 L/yr - ₹3.4 L/yr

Sales Manager Salary

(45 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Sales Executive Salary

(70 salaries)

₹1.4 L/yr - ₹3.53 L/yr

Area Manager Salary

(6 salaries)

₹3.5 L/yr - ₹8.8 L/yr

Deputy Manager Salary

(87 salaries)

₹2.8 L/yr - ₹8.9 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Branch Manager Salary

(593 salaries)

₹1.8 L/yr - ₹7.5 L/yr

Territory Manager Salary

(5 salaries)

₹6 L/yr - ₹8.5 L/yr

Top skills at Muthoot Finance for Cluster Head

Gold Loan Banking Sales Team Management Team Handling Sales

Salary related reviews for Muthoot Finance

2.5

Rated by 9 employees for salary & benefits

Sales Manager in Kochi

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 21 Jan 2025

3.0

for Salary and Benefits

Likes

There no need to wear formals like banks .

Dislikes

Work culture is bad , we will not get the salary which is mentioned in the offer letter , there is no work balance even we have to work in Sunday's also . Heavy work pressure. There is no job security

Skill development - Bad

+5 more

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

see more salary related reviews

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Help me choose New Regime or Old Regime for my salary revision

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 Cluster Head Salary FAQs

What is the salary of Cluster Head at Muthoot Finance ?

The average salary of a Cluster Head at Muthoot Finance in India typically ranges from ₹4.7 Lakhs to ₹10.7 Lakhs per year, depending on experience (from 12 years to 18 years).

The top 10% of Cluster Head at Muthoot Finance earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Cluster Head 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 10+ Muthoot Finance employees in India.

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

The estimated take-home salary of a Cluster Head at Muthoot Finance in India typically ranges from ₹52,803 to ₹54,047 per month. This is based on the average salary range of ₹4.7 Lakhs to ₹10.7 Lakhs per year for employees with experience ranging from 12 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 10+ 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 Cluster Head at Muthoot Finance ?

To be a Cluster Head at Muthoot Finance in india, the key skills required include:

- Gold Loan
- Banking Sales
- Team Management
- Team Handling
- Sales

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 Cluster Head in India?

Sundaram Finance	₹23.5 Lakhs to ₹26.0 Lakhs per year
Axis Bank	₹9.4 Lakhs to ₹36.4 Lakhs per year
Aditya Birla Finance	₹17.5 Lakhs to ₹28.0 Lakhs per year
Sammaan Capital Limited	₹10.0 Lakhs to ₹27.6 Lakhs per year
HDFC Bank	₹8.5 Lakhs to ₹32.0 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 Cluster Head in companies similar to Muthoot Finance in India?

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

HDB Financial Services	₹12.0 Lakhs to ₹23.0 Lakhs per year
Bajaj Finance	₹9.8 Lakhs to ₹21.9 Lakhs per year
Tata Capital	₹9.0 Lakhs to ₹25.0 Lakhs per year
SK Finance Limited	₹12.0 Lakhs to ₹22.0 Lakhs per year
Kotak Mahindra Prime	₹14.3 Lakhs to ₹16.3 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 Cluster Head at Muthoot Finance in India?

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

Experience	Average Salary Range
12 years	₹5.2 Lakhs to ₹12.0 Lakhs per year
13 years	₹4.7 Lakhs to ₹12.1 Lakhs per year
14 years	₹5.1 Lakhs to ₹8.0 Lakhs per year
15 years	₹5.8 Lakhs to ₹12.6 Lakhs per year

and so on.

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Muthoot Finance Cluster Head Salaries

Muthoot Finance Cluster Head salary in India ranges between ₹4.7 Lakhs to ₹10.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Muthoot Finance latest salaries received from various employees of Muthoot Finance.