Muthoot Finance Salem Cluster Manager Salaries by 4 Employees (Updated 2025)

12 - 14 years exp.

₹5.8 Lakhs - ₹9.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

12% less than the average Cluster Manager Salary in NBFC Companies for 12 - 14 years of experience

Interested in this particular role? 4 job openings

Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 12 - 14 years exp. (3 salaries)	₹5.8 L/yr - ₹8 L/yr
Login to view exact salary
Administration & Facilities Cluster Manager Salary 14 years exp. (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.5 L/yr

Last Updated: 20 Feb 2025

Companies similar to Muthoot Finance for Cluster Manager in Salem

Muthoot Finance Cluster Manager Salary

12 - 14 years exp. (4 salaries)

₹5.8 L/yr - ₹9.5 L/yr

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit Cluster Manager Salary 8 - 15 years exp. (3 salaries)	₹7 L/yr - ₹15 L/yr 42% more
Equitas Small Finance Bank Cluster Manager Salary 7 - 14 years exp. (6 salaries)	₹6.6 L/yr - ₹7.7 L/yr 4% less	1 job opening
Login to view exact salary
Aditya Birla Sun Life Insurance Cluster Manager Salary 9 - 14 years exp. (4 salaries)	₹6.5 L/yr - ₹12 L/yr 24% more
Magic Bus India Foundation Cluster Manager Salary 6 - 9 years exp. (4 salaries)	₹3.9 L/yr - ₹5 L/yr 42% less	3 job openings
IDFC FIRST Bharat Cluster Manager Salary 6 - 13 years exp. (4 salaries)	₹3.5 L/yr - ₹8.6 L/yr 6% less

Cluster Manager salary at Muthoot Finance ranges between ₹5.8 Lakhs to ₹9.5 Lakhs per year for employees with experience between 12 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Cluster Manager salaries in Salem

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
13 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
Login to view exact salary
14 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.9 L/yr

Top skills at Muthoot Finance for Cluster Manager

Gold Loan Management Gold Loan Customer Acquisition Sales Software Configuration Management resource mobilization Salesforce Loans Finance Business Development Cluster Operations Operations Customer Relationship Relationship Management

Salary related reviews for Muthoot Finance

5.0

Rated by 1 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.

Salary - Good

+4 more

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

Salary - Bad

+4 more

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

Got a question about Muthoot Finance?

Ask anonymously on communities.

Muthoot Finance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Muthoot Finance in Salem?

The average salary of a Cluster Manager at Muthoot Finance in Salem typically ranges from ₹5.8 Lakhs to ₹9.5 Lakhs per year, depending on experience (from 12 years to 14 years).

The top 10% of Cluster Manager in Salem at Muthoot Finance earn more than ₹9.5 Lakhs per year, and the top 1% earn over ₹9.5 Lakhs per year. Cluster Manager 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 4 Muthoot Finance employees in India.

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

The estimated take-home salary of a Cluster Manager at Muthoot Finance in Salem typically ranges from ₹57,061 to ₹58,494 per month. This is based on the average salary range of ₹5.8 Lakhs to ₹9.5 Lakhs per year for employees with experience ranging from 12 years to 14 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 4 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 Manager at Muthoot Finance in Salem?

To be a Cluster Manager at Muthoot Finance in Salem, the key skills required include:

- Gold Loan
- Management
- Gold Loan
- Customer Acquisition
- 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 Manager in India?

SMFG India Credit	₹7.0 Lakhs to ₹15.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹6.5 Lakhs to ₹12.0 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 Manager in companies similar to Muthoot Finance in Salem?

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

Equitas Small Finance Bank	₹6.6 Lakhs to ₹7.7 Lakhs per year
IDFC FIRST Bharat	₹3.5 Lakhs to ₹8.6 Lakhs per year
Magic Bus India Foundation	₹3.9 Lakhs to ₹5.0 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 Manager at Muthoot Finance in Salem?

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

Experience	Average Salary Range
12 years	₹6.9 Lakhs to ₹8.8 Lakhs per year
13 years	₹6.9 Lakhs to ₹8.8 Lakhs per year
14 years	₹6.9 Lakhs to ₹8.9 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Muthoot Finance Salaries >
Muthoot Finance Cluster Manager Salaries >
Muthoot Finance Cluster Manager Salaries in Salem

Muthoot Finance Cluster Manager salary in Salem ranges between ₹5.8 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.