Muthoot Finance Visakhapatnam Cluster Manager Salaries by 4 Employees

10 - 17 years exp.

₹6 Lakhs - ₹8 Lakhs

Salary of majority employees

33% less than the average Cluster Manager Salary in NBFC Companies for 10 - 17 years of experience

Interested in this particular role? 4 job openings

Last Updated: 23 May 2024

Companies similar to Muthoot Finance for Cluster Manager in Visakhapatnam

Muthoot Finance Cluster Manager Salary

10 - 17 years exp. (4 salaries)

₹6 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
Spandana Sphoorty Financial Cluster Manager Salary 1 - 2 years exp. (3 salaries)	₹3.5 L/yr - ₹6 L/yr 25% less
HDB Financial Services Cluster Manager Salary 19 - 22 years exp. (3 salaries)	₹17.4 L/yr - ₹20 L/yr 174% more	8 job openings
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Stanza Living Cluster Manager Salary 6 - 9 years exp. (5 salaries)	₹6 L/yr - ₹10.5 L/yr 43% more	3 job openings
XpressBees Cluster Manager Salary 4 - 8 years exp. (4 salaries)	₹4.6 L/yr - ₹6 L/yr 30% less
Reliance Retail Cluster Manager Salary 12 - 18 years exp. (4 salaries)	₹7.5 L/yr - ₹16 L/yr 69% more

Cluster Manager salary at Muthoot Finance ranges between ₹6 Lakhs to ₹8 Lakhs per year for employees with experience between 10 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Cluster Manager salaries in Visakhapatnam

Last Updated: 23 May 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
11 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
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12 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
13 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
14 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr
15+ years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr

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Similar Designation salaries in Muthoot Finance

Branch Manager Salary

(31 salaries)

₹2.25 L/yr - ₹7 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

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

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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Muthoot Finance Cluster Manager Salary FAQs

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

The average salary of a Cluster Manager at Muthoot Finance in Visakhapatnam typically ranges from ₹6.0 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 10 years to 17 years).

The top 10% of Cluster Manager in Visakhapatnam at Muthoot Finance earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 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 Visakhapatnam?

The estimated take-home salary of a Cluster Manager at Muthoot Finance in Visakhapatnam typically ranges from ₹52,744 to ₹54,056 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 10 years to 17 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 Visakhapatnam?

To be a Cluster Manager at Muthoot Finance in Visakhapatnam, 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?

HDB Financial Services	₹17.4 Lakhs to ₹20.0 Lakhs per year
Reliance Retail	₹7.5 Lakhs to ₹16.0 Lakhs per year
Stanza Living	₹6.0 Lakhs to ₹10.5 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 Visakhapatnam?

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

Spandana Sphoorty Financial	₹3.5 Lakhs to ₹6.0 Lakhs per year
XpressBees	₹4.6 Lakhs to ₹6.0 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 Visakhapatnam?

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

Experience	Average Salary Range
10 years	₹6.2 Lakhs to ₹7.9 Lakhs per year
11 years	₹6.2 Lakhs to ₹7.9 Lakhs per year
12 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
13 years	₹6.3 Lakhs to ₹8.0 Lakhs per year

and so on.

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Muthoot Finance Cluster Manager Salaries in Visakhapatnam

Muthoot Finance Cluster Manager salary in Visakhapatnam ranges between ₹6 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.