Muthoot Finance Department Manager Salaries by 2 Employees

5 - 10 years exp.

₹5.2 Lakhs - ₹6.6 Lakhs

Low Confidence

Salary of majority employees

Fixed (75%)

₹4.4 Lakhs

Variable (25%)

₹1.5 Lakh

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Last Updated: 21 Jul 2023

Companies similar to Muthoot Finance for Department Manager

Company name	Avg Annual Salary	Open Jobs
Mahindra Finance Department Manager Salary 7 - 15 years exp. (4 salaries)	₹10.5 L/yr - ₹35 L/yr 263% more
HDB Financial Services Department Manager Salary 0 - 10 years exp. (4 salaries)	₹3.4 L/yr - ₹26.5 L/yr 113% more
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Bharat Financial Inclusion Department Manager Salary 1 - 7 years exp. (3 salaries)	₹4 L/yr - ₹7.5 L/yr 1% more
Sundaram Finance Department Manager Salary 4 - 13 years exp. (3 salaries)	₹5.5 L/yr - ₹7.7 L/yr 17% more
Reliance Retail Department Manager Salary 0 - 16 years exp. (2.5k salaries)	₹2 L/yr - ₹6.3 L/yr 30% less	4 job openings

Department Manager salary at Muthoot Finance ranges between ₹5.2 Lakhs to ₹6.6 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 2 latest salaries received from various employees of Muthoot Finance.

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Salary related reviews for Muthoot Finance

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

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

Assistant Branch Manager in New Delhi

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 30 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Bahut kam salary hai and bahut jayada work pressure dete hain bilkul chindi company hai and koi job security nahi hai hamesha dar laga rahta hai job ka and fraud ka agar koi bhi fraud ho jaye to tumhe paise dene padenge.and management bhi sabko chor samajhti hai.badhua mazdoor ki tarah kaam lete hai.raat ko 8 baje tak kaam lete hain subha 1 min bhi late ho jaao to salary kaat lete hain.

Salary - Bad

+6 more

Relationship Executive in Howrah

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 15 Dec 2024

2.0

for Salary and Benefits

Likes

The one and only thing is good that they pay the salary on time. But the salary is very low compared to their competitors.

Dislikes

Nothing is good in the company. The regional office staff will not help you when you face some problems. When you join the company they will tell you that it's a 9-6 job but in reality it is 9-7:30 job or beyond. Create senseless pressure by the management. Even they forcefully work you on "SUNDAY". That means there are no holiday. Think 100 times before join this company.

Salary - Poor

+5 more

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Muthoot Finance Department Manager Salary FAQs

How the salary growth look like for a Department Manager at Muthoot Finance in India?

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

Experience	Average Salary Range
5 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
10 years	₹7.2 Lakhs to ₹9.2 Lakhs per year

and so on.

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Muthoot Finance Department Manager Salaries

Muthoot Finance Department Manager salary in India ranges between ₹5.2 Lakhs to ₹6.6 Lakhs. This is an estimate based on latest salaries received from employees of Muthoot Finance.

Muthoot Finance Department Manager salaries in India

Companies similar to Muthoot Finance for Department Manager

Similar Designation salaries in Muthoot Finance

Salary related reviews for Muthoot Finance

Sales Manager in Kochi

Deputy Manager in Rae Bareli

Deputy Manager in Bhubaneswar

Assistant Branch Manager in New Delhi

Relationship Executive in Howrah

Muthoot Finance Department Manager Salary FAQs

Tell us how to improve this page.