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

12 - 18 years exp.

₹4.7 Lakhs - ₹10.7 Lakhs

Salary of majority employees

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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)	Unlock ₹5.1 L/yr - ₹7.3 L/yr
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Sales & Business Development Cluster Head Salary 12 - 18 years exp. (3 salaries)	Unlock ₹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)	Unlock ₹5.1 L/yr - ₹5.5 L/yr 25% less
Bajaj Finance Cluster Head Salary 4 - 17 years exp. (21 salaries)	Unlock ₹9.8 L/yr - ₹21.9 L/yr 155% more
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HDFC Bank Cluster Head Salary 9 - 21 years exp. (386 salaries)	Unlock ₹8.5 L/yr - ₹32 L/yr 203% more
ICICI Bank Cluster Head Salary 3 - 19 years exp. (34 salaries)	Unlock ₹6 L/yr - ₹25 L/yr 113% more
Axis Bank Cluster Head Salary 12 - 22 years exp. (164 salaries)	Unlock ₹9.9 L/yr - ₹35.7 L/yr 227% more
Kotak Mahindra Bank Cluster Head Salary 5 - 12 years exp. (35 salaries)	Unlock ₹3.5 L/yr - ₹12.1 L/yr 25% more
Tata Capital Cluster Head Salary 5 - 17 years exp. (17 salaries)	Unlock ₹9 L/yr - ₹25 L/yr 153% more	1 job opening
Aditya Birla Finance Cluster Head Salary 9 - 18 years exp. (6 salaries)	Unlock ₹17.5 L/yr - ₹28 L/yr 224% more
IIFL Finance Cluster Head Salary 8 - 16 years exp. (49 salaries)	Unlock ₹4 L/yr - ₹12.5 L/yr 13% more
SMFG India Credit Cluster Head Salary 7 - 17 years exp. (7 salaries)	Unlock ₹8 L/yr - ₹14 L/yr 68% more
Sammaan Capital Limited Cluster Head Salary 11 - 19 years exp. (6 salaries)	Unlock ₹10 L/yr - ₹27.6 L/yr 205% more
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Sundaram Finance Cluster Head Salary 19 - 23 years exp. (6 salaries)	Unlock ₹23.5 L/yr - ₹26 L/yr 257% more
Tata Capital Housing Finance Cluster Head Salary 8 - 18 years exp. (5 salaries)	Unlock ₹10 L/yr - ₹17 L/yr 90% more
Satin Creditcare Network Cluster Head Salary 6 - 12 years exp. (4 salaries)	Unlock ₹5.4 L/yr - ₹8 L/yr 1% less
Bharat Financial Inclusion Cluster Head Salary 14 - 18 years exp. (4 salaries)	Unlock ₹6 L/yr - ₹8 L/yr 2% less
Kotak Mahindra Prime Cluster Head Salary 10 - 18 years exp. (4 salaries)	Unlock ₹14.3 L/yr - ₹16.3 L/yr 135% more
Capri Global Capital Cluster Head Salary 15 - 17 years exp. (4 salaries)	Unlock ₹12.4 L/yr - ₹19.6 L/yr 130% more
Aavas Financiers Cluster Head Salary 10 - 19 years exp. (4 salaries)	Unlock ₹8.3 L/yr - ₹12.5 L/yr 65% more
SK Finance Limited Cluster Head Salary 12 - 17 years exp. (4 salaries)	Unlock ₹12 L/yr - ₹22 L/yr 149% more
Mahindra Rural Housing Finance Cluster Head Salary 8 - 14 years exp. (3 salaries)	Unlock ₹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.

Latest annual salaries shared by Muthoot Finance Cluster Head

3d ago

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17 years exp.

7mo ago

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14 years exp.

8mo ago

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12 years exp.

1y ago

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15 years exp.

1y ago

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16 years exp.

1y ago

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18 years exp.

1y ago

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14 years exp.

1y ago

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13 years exp.

1y ago

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14 years exp.

1y ago

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14 years exp.

Experience wise Muthoot Finance Cluster Head salaries

Last Updated: 23 Jan 2025

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

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(86 salaries)

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₹3.5 L/yr - ₹9.08 L/yr

Business Manager Salary

(AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr

Branch Manager Salary

(557 salaries)

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₹1.8 L/yr - ₹7.5 L/yr

Territory Manager Salary

(5 salaries)

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₹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

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Muthoot Finance Cluster Head Salary FAQs

What is the salary of Cluster Head at Muthoot Finance?

Cluster Head salary at Muthoot Finance in India ranges between ₹4.7 Lakhs to ₹10.7 Lakhs for experience between 12 years to 18 years. According to our estimates it is 51% less than the average Cluster Head Salary in India. Salary estimates are based on 13 latest salaries received from various employees of Muthoot Finance India.

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

The average salary of a Cluster Head at Muthoot Finance is 51% less than the average salary of a Cluster Head in India. To know exact salary insights, login to view.

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

Gold Loan, Banking Sales, Team Management, Team Handling and Sales are some of the popular skills required to work as a Cluster Head at Muthoot Finance India.

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

Sundaram Finance Cluster Head Salary - ₹23.5 Lakhs to ₹26.0 Lakhs per year
Axis Bank Cluster Head Salary - ₹9.9 Lakhs to ₹35.7 Lakhs per year
Aditya Birla Finance Cluster Head Salary - ₹17.5 Lakhs to ₹28.0 Lakhs per year
Sammaan Capital Limited Cluster Head Salary - ₹10.0 Lakhs to ₹27.6 Lakhs per year
HDFC Bank Cluster Head Salary - ₹8.5 Lakhs to ₹32.0 Lakhs per year

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

Bajaj Finance Cluster Head Salary - ₹9.8 Lakhs to ₹21.9 Lakhs per year
Tata Capital Cluster Head Salary - ₹9.0 Lakhs to ₹25.0 Lakhs per year
SK Finance Limited Cluster Head Salary - ₹12.0 Lakhs to ₹22.0 Lakhs per year
Kotak Mahindra Prime Cluster Head Salary - ₹14.3 Lakhs to ₹16.3 Lakhs per year
Capri Global Capital Cluster Head Salary - ₹12.4 Lakhs to ₹19.6 Lakhs per year

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 ranges between ₹52,803 per month to ₹54,047 per month in India. The take-home salary calculation is based on the average Muthoot Finance Cluster Head salary in India which ranges between ₹4.7 Lakhs to ₹10.7 Lakhs per year for employees with experience between 12 years to 18 years. Check how did we calculate take home salary?

What is the notice period for Cluster Head at Muthoot Finance?

According to AmbitionBox, 56% of the Muthoot Finance Cluster Heads reported a notice period of 3 Months, 19% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 16 responses on AmbitionBox in last 2 years.

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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.