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Muthoot Finance Cluster Manager salaries in India (Updated 2025)

Annual salary range
8 - 20 years exp.
₹4 Lakhs - ₹9.8 Lakhs
Salary of majority employees
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23% less than the average Cluster Manager Salary in NBFC Companies for 8 - 20 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading
Cluster Manager Salary
8 - 18 years exp. (60 salaries)
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₹4 L/yr - ₹8.6 L/yr

Sales & Business Development
Cluster Manager Salary
8 - 20 years exp. (31 salaries)
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₹4 L/yr - ₹11 L/yr

Finance & Accounting
Cluster Manager Salary
8 - 15 years exp. (14 salaries)
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₹4.2 L/yr - ₹8 L/yr

Customer Success, Service & Operations
Cluster Manager Salary
9 - 16 years exp. (8 salaries)
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₹5.2 L/yr - ₹9.5 L/yr

Administration & Facilities
Cluster Manager Salary
9 - 19 years exp. (4 salaries)
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₹5 L/yr - ₹9.5 L/yr

Last Updated: 25 Feb 2025

Companies similar to Muthoot Finance for Cluster Manager

Company name Avg Annual Salary Open Jobs
Logo
Bajaj Finance Cluster Manager Salary

5 - 14 years exp. (302 salaries)

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₹8.1 L/yr - ₹29.5 L/yr

arrow icon 174% more
37 job openings
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HDFC Bank Cluster Manager Salary

5 - 16 years exp. (24 salaries)

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₹5 L/yr - ₹20 L/yr

arrow icon 60% more
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ICICI Bank Cluster Manager Salary

8 - 15 years exp. (41 salaries)

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₹6 L/yr - ₹25 L/yr

arrow icon 104% more
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Kotak Mahindra Bank Cluster Manager Salary

4 - 16 years exp. (63 salaries)

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₹3.9 L/yr - ₹16.2 L/yr

arrow icon 37% more
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Axis Bank Cluster Manager Salary

5 - 17 years exp. (78 salaries)

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₹4.7 L/yr - ₹15.5 L/yr

arrow icon 49% more
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Yes Bank Cluster Manager Salary

3 - 18 years exp. (23 salaries)

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₹4.8 L/yr - ₹16 L/yr

arrow icon 52% more
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IndusInd Bank Cluster Manager Salary

6 - 15 years exp. (24 salaries)

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₹5 L/yr - ₹12.7 L/yr

arrow icon 14% more
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IDFC FIRST Bank Cluster Manager Salary

8 - 16 years exp. (231 salaries)

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₹5.8 L/yr - ₹23 L/yr

arrow icon 88% more
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RBL Bank Cluster Manager Salary

10 - 14 years exp. (4 salaries)

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₹6 L/yr - ₹8 L/yr

arrow icon 3% more
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Federal Bank Cluster Manager Salary

6 - 10 years exp. (3 salaries)

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₹0.8 L/yr - ₹6 L/yr

arrow icon 64% less
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HDB Financial Services Cluster Manager Salary

10 - 23 years exp. (240 salaries)

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₹9.5 L/yr - ₹26 L/yr

arrow icon 149% more
4 job openings
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SMFG India Credit Cluster Manager Salary

8 - 19 years exp. (72 salaries)

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₹5 L/yr - ₹21 L/yr

arrow icon 71% more
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₹5.3 L/yr - ₹8.4 L/yr

arrow icon 5% less
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Mahindra Finance Cluster Manager Salary

8 - 19 years exp. (34 salaries)

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₹6.5 L/yr - ₹16 L/yr

arrow icon 47% more
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Tata Capital Cluster Manager Salary

6 - 16 years exp. (22 salaries)

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₹6.5 L/yr - ₹15.5 L/yr

arrow icon 73% more
2 job openings
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Kotak Mahindra Prime Cluster Manager Salary

7 - 17 years exp. (19 salaries)

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₹6.5 L/yr - ₹11.5 L/yr

arrow icon 41% more
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IIFL Finance Cluster Manager Salary

3 - 15 years exp. (17 salaries)

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₹3.7 L/yr - ₹7.5 L/yr

arrow icon 13% less
1 job opening
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SK Finance Limited Cluster Manager Salary

9 - 15 years exp. (13 salaries)

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₹5.8 L/yr - ₹15 L/yr

arrow icon 49% more
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Muthoot Fincorp Cluster Manager Salary

10 - 14 years exp. (10 salaries)

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₹5.2 L/yr - ₹10.5 L/yr

arrow icon 4% less
2 job openings
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L&T Finance Cluster Manager Salary

3 - 12 years exp. (8 salaries)

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₹4.2 L/yr - ₹8.1 L/yr

arrow icon 10% less
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Cluster Manager salary at Muthoot Finance ranges between ₹4 Lakhs to ₹9.8 Lakhs per year for employees with experience between 8 years to 20 years. Salary estimates are based on 144 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Cluster Manager

3d ago
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16 years exp.
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14 years exp.
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14 years exp.
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18 years exp.
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14 years exp.
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11 years exp.
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14 years exp.
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15 years exp.
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14 years exp.
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11 years exp.

Experience wise Muthoot Finance Cluster Manager salaries

Last Updated: 25 Feb 2025

Experience Avg Annual Salary
8 years  (10 salaries)

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₹4.3 L/yr - ₹7 L/yr
9 years  (12 salaries)

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₹4.1 L/yr - ₹7.5 L/yr
10 years  (15 salaries)

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₹4.1 L/yr - ₹8 L/yr
11 years  (18 salaries)

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₹4.8 L/yr - ₹11 L/yr
12 years  (19 salaries)

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₹4 L/yr - ₹8.6 L/yr
View all

Similar Designation salaries in Muthoot Finance

Store Manager Salary
(AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.2 L/yr
Cluster Head Salary
(13 salaries)
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₹4.7 L/yr - ₹10.75 L/yr
Area Manager Salary
(6 salaries)
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₹3.5 L/yr - ₹8.8 L/yr
Deputy Manager Salary
(83 salaries)
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₹2.8 L/yr - ₹7.5 L/yr
Business Manager Salary
(AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr
Sales Manager Salary
(42 salaries)
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₹2.5 L/yr - ₹6.5 L/yr
Branch Manager Salary
(562 salaries)
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₹1.8 L/yr - ₹7 L/yr
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₹6 L/yr - ₹8.5 L/yr
Area Sales Manager Salary
(AmbitionBox Estimate)
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₹5.5 L/yr - ₹7 L/yr
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₹2.2 L/yr - ₹4 L/yr

Top skills at Muthoot Finance for Cluster Manager

Gold Loan Management Sales Customer Acquisition resource mobilization Loans Finance Business Development Cluster Operations Customer Relationship Team Management Relationship Management channel management Channel Sales Operations Management
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Salary related reviews for Muthoot Finance

4.2

Rated by 39 employees for salary & benefits

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.

read more
  • Salary - Good
  • +4 more

Dislikes

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

RO Department

1.0
  •  posted on 09 Jul 2018

1.0
 for  Salary and Benefits

Likes

Only one point is that salary will be credited before month end or starting of the month.

read more

Dislikes

Company is not following which it issued circulars, instead of motivation, pushing the staff, total block mail is going, instead of RM control, auditors are misusing the authority, no clarity on any work implementing, staff problems, working on every holidays, exams on holidays, etc

read more
  • Salary - Bad
  • +4 more

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

read more
  • Skill development - Bad
  • +5 more

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

read more
  • 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

read more
  • Promotions - Poor

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

read more
  • 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.

read more
  • Job security - Bad
  • +3 more
see more salary related reviews

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Muthoot Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Muthoot Finance?
Cluster Manager salary at Muthoot Finance in India ranges between ₹4.0 Lakhs to ₹9.8 Lakhs for experience between 8 years to 20 years. According to our estimates it is 23% less than the average Cluster Manager Salary in India. Salary estimates are based on 144 latest salaries received from various employees of Muthoot Finance India.
How does the salary of a Cluster Manager at Muthoot Finance India compare with the average salary range for this job?
The average salary of a Cluster Manager at Muthoot Finance is 23% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Cluster Manager at Muthoot Finance?
Gold Loan, Management, Sales, Customer Acquisition and resource mobilization are some of the popular skills required to work as a Cluster Manager at Muthoot Finance India.
Which similar companies are paying more than Muthoot Finance to a Cluster Manager in India?
  • Bajaj Finance Cluster Manager Salary - ₹8.1 Lakhs to ₹29.5 Lakhs per year
  • HDB Financial Services Cluster Manager Salary - ₹9.5 Lakhs to ₹26.0 Lakhs per year
  • Poonawalla Fincorp Cluster Manager Salary - ₹12.0 Lakhs to ₹21.5 Lakhs per year
  • Capri Global Capital Cluster Manager Salary - ₹11.0 Lakhs to ₹17.5 Lakhs per year
  • ICICI Bank Cluster Manager Salary - ₹6.0 Lakhs to ₹25.0 Lakhs per year
What is the salary of a Cluster Manager in companies similar to Muthoot Finance in India?
  • IDFC FIRST Bank Cluster Manager Salary - ₹5.8 Lakhs to ₹23.0 Lakhs per year
  • Tata Capital Housing Finance Cluster Manager Salary - ₹7.3 Lakhs to ₹17.7 Lakhs per year
  • Tata Capital Cluster Manager Salary - ₹6.5 Lakhs to ₹15.5 Lakhs per year
  • SMFG India Credit Cluster Manager Salary - ₹5.0 Lakhs to ₹21.0 Lakhs per year
  • HDFC Bank Cluster Manager Salary - ₹5.0 Lakhs to ₹20.0 Lakhs per year
What is the estimated take home salary of a Cluster Manager at Muthoot Finance in India?
The estimated take-home salary of a Cluster Manager at Muthoot Finance ranges between ₹52,782 per month to ₹54,095 per month in India. The take-home salary calculation is based on the average Muthoot Finance Cluster Manager salary in India which ranges between ₹4.0 Lakhs to ₹9.8 Lakhs per year for employees with experience between 8 years to 20 years. Check how did we calculate take home salary?
What is the notice period for Cluster Manager at Muthoot Finance?
According to AmbitionBox, 50% of the Muthoot Finance Cluster Managers reported a notice period of 3 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 103 responses on AmbitionBox in last 2 years.

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Muthoot Finance Cluster Manager salary in India ranges between ₹4 Lakhs to ₹9.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 144 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

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