Muthoot Finance Madurai Cluster Manager Salaries by 8 Employees (Updated 2024)

9 - 18 years exp.

₹4 Lakhs - ₹7.5 Lakhs

Salary of majority employees

31% less than the average Cluster Manager Salary in NBFC Companies for 9 - 18 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 13 - 18 years exp. (5 salaries)	₹4.5 L/yr - ₹6.2 L/yr
Sales & Business Development Cluster Manager Salary 16 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹7.7 L/yr
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Administration & Facilities Cluster Manager Salary 9 years exp. (AmbitionBox Estimate)	₹6.6 L/yr - ₹7.5 L/yr

Last Updated: 21 Mar 2024

Companies similar to Muthoot Finance for Cluster Manager in Madurai

Muthoot Finance Cluster Manager Salary

9 - 18 years exp. (8 salaries)

₹4 L/yr - ₹7.5 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Cluster Manager Salary 10 - 13 years exp. (5 salaries)	₹6.6 L/yr - ₹14.6 L/yr 78% more	1 job opening
SMFG India Credit Cluster Manager Salary 12 - 17 years exp. (3 salaries)	₹9.6 L/yr - ₹19.4 L/yr 81% more
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Big C Cluster Manager Salary 8 - 13 years exp. (5 salaries)	₹3 L/yr - ₹4.2 L/yr 49% less
IIFL SAMASTA Cluster Manager Salary 8 - 12 years exp. (4 salaries)	₹3.9 L/yr - ₹7.2 L/yr 1% more
Hero FinCorp Cluster Manager Salary 16 - 18 years exp. (4 salaries)	₹12 L/yr - ₹18.6 L/yr 149% more

Cluster Manager salary at Muthoot Finance ranges between ₹4 Lakhs to ₹7.5 Lakhs per year for employees with experience between 9 years to 18 years. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Cluster Manager salaries in Madurai

Last Updated: 21 Mar 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹7.5 L/yr
10 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
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11 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.6 L/yr
12 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹12 L/yr
13 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹12 L/yr
14 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹12.1 L/yr
15+ years (3 salaries)	₹4 L/yr - ₹12.3 L/yr

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Similar Designation salaries in Muthoot Finance

Territory Manager Salary

(5 salaries)

₹6 L/yr - ₹8.5 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

Salary related reviews for Muthoot Finance

5.0

Rated by 2 employees for salary & benefits

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

Cluster Manager in Nizamabad

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.

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

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.

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

see more salary related reviews

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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 Cluster Manager Salary FAQs

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

Cluster Manager salary at Muthoot Finance in Madurai ranges between ₹4.0 Lakhs to ₹7.5 Lakhs for experience between 9 years to 18 years. According to our estimates it is 31% less than the average Cluster Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Finance Madurai.

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

The average salary of a Cluster Manager at Muthoot Finance is 31% less than the average salary of a Cluster Manager in Madurai. 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 Madurai.

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

Hero FinCorp Cluster Manager Salary - ₹12.0 Lakhs to ₹18.6 Lakhs per year
SMFG India Credit Cluster Manager Salary - ₹9.6 Lakhs to ₹19.4 Lakhs per year
IDFC FIRST Bank Cluster Manager Salary - ₹6.6 Lakhs to ₹14.6 Lakhs per year
IIFL SAMASTA Cluster Manager Salary - ₹3.9 Lakhs to ₹7.2 Lakhs per year

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

Big C Cluster Manager Salary - ₹3.0 Lakhs to ₹4.2 Lakhs per year

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

The estimated take-home salary of a Cluster Manager at Muthoot Finance ranges between ₹51,280 per month to ₹52,489 per month in Madurai. The take-home salary calculation is based on the average Muthoot Finance Cluster Manager salary in India which ranges between ₹4.0 Lakhs to ₹7.5 Lakhs per year for employees with experience between 9 years to 18 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 60% of the Muthoot Finance Cluster Managers in Madurai reported a notice period of 3 Months, 40% reported a notice period of 2 Months.This is based on 5 responses on AmbitionBox in last 2 years.

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Muthoot Finance Cluster Manager Salaries in Madurai

Muthoot Finance Cluster Manager salary in Madurai ranges between ₹4 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Muthoot Finance latest salaries received from various employees of Muthoot Finance.