Muthoot Finance Finance Manager Salaries by 10+ Employees (Updated 2024)

1 - 9 years exp.

₹2 Lakhs - ₹10.1 Lakhs

Salary of majority employees

69% less than the average Finance Manager Salary in NBFC Companies for 1 - 9 years of experience

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Last Updated: 20 Aug 2024

Companies similar to Muthoot Finance for Finance Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Finance Manager Salary 0 - 6 years exp. (40 salaries)	₹1.5 L/yr - ₹8.8 L/yr 28% less
HDFC Bank Finance Manager Salary 0 - 8 years exp. (48 salaries)	₹3 L/yr - ₹13.8 L/yr 50% more
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ICICI Bank Finance Manager Salary 1 - 5 years exp. (62 salaries)	₹4.1 L/yr - ₹16.1 L/yr 80% more
Kotak Mahindra Bank Finance Manager Salary 2 - 13 years exp. (19 salaries)	₹2.6 L/yr - ₹10.1 L/yr 1% less
Axis Bank Finance Manager Salary 0 - 8 years exp. (14 salaries)	₹2.3 L/yr - ₹9 L/yr 2% less
Yes Bank Finance Manager Salary 0 - 11 years exp. (8 salaries)	₹3.8 L/yr - ₹15.8 L/yr 89% more
IndusInd Bank Finance Manager Salary 1 - 15 years exp. (21 salaries)	₹1.8 L/yr - ₹5.6 L/yr 32% less
IDFC FIRST Bank Finance Manager Salary 3 - 9 years exp. (13 salaries)	₹1.6 L/yr - ₹7.8 L/yr 38% less
Federal Bank Finance Manager Salary 1 - 4 years exp. (4 salaries)	₹3.8 L/yr - ₹16.6 L/yr 92% more
Bharat Financial Inclusion Finance Manager Salary 0 - 6 years exp. (42 salaries)	₹1.5 L/yr - ₹4.5 L/yr 46% less
Manappuram Finance Finance Manager Salary 1 - 9 years exp. (37 salaries)	₹2 L/yr - ₹6 L/yr 27% less
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Shriram Finance Finance Manager Salary 4 - 12 years exp. (33 salaries)	₹2 L/yr - ₹7 L/yr 28% less	1 job opening
HDB Financial Services Finance Manager Salary 0 - 8 years exp. (32 salaries)	₹1.4 L/yr - ₹6.3 L/yr 41% less
Tata Capital Finance Manager Salary 0 - 8 years exp. (21 salaries)	₹3.7 L/yr - ₹15.4 L/yr 67% more
L&T Finance Finance Manager Salary 1 - 8 years exp. (21 salaries)	₹1.7 L/yr - ₹7 L/yr 29% less
SMFG India Credit Finance Manager Salary 0 - 10 years exp. (11 salaries)	₹1.4 L/yr - ₹5.7 L/yr 27% less
Mahindra Finance Finance Manager Salary 0 - 9 years exp. (14 salaries)	₹1.8 L/yr - ₹5.2 L/yr 31% less
Aditya Birla Finance Finance Manager Salary 4 - 5 years exp. (6 salaries)	₹2.5 L/yr - ₹4.3 L/yr 28% less
Satin Creditcare Network Finance Manager Salary 2 - 4 years exp. (4 salaries)	₹2.4 L/yr - ₹3.3 L/yr 38% less
Capri Global Capital Finance Manager Salary 0 - 10 years exp. (6 salaries)	₹2.7 L/yr - ₹5.5 L/yr 22% less

View all

Finance Manager salary at Muthoot Finance ranges between ₹2 Lakhs to ₹10.1 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 16 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Finance Manager salaries

Last Updated: 20 Aug 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹2.2 L/yr - ₹8.6 L/yr
2 years (4 salaries)	₹2.2 L/yr - ₹9.7 L/yr
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3 years (3 salaries)	₹3.5 L/yr - ₹9.6 L/yr
4 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹10 L/yr
5 years (3 salaries)	₹2 L/yr - ₹9.3 L/yr
6 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
7 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
8 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
9 years (AmbitionBox Estimate)	₹3 L/yr - ₹8.8 L/yr

View all

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Top skills at Muthoot Finance for Finance Manager

Variance Analysis Budget preparation Accounting Budget Analysis Annual Reports Business Analysis Ca Management Reporting Payroll Accounts Handling Financial operations Vendor Payments Financial Statements Financial Analysis Project Analysis

Salary related reviews for Muthoot Finance

4.5

Rated by 4 employees for salary & benefits

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

Branch Manager in Bhubaneswar

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 31 May 2023

1.0

for Salary and Benefits

Likes

Nothing in this company is good, company is very unorganised. Employment and Promotions is very pathetic situation mainly every decision based on Kerala centric employees. Kerala employees joined very good position and other states employees are very neglected by management it self.

Dislikes

...after several attempts whereas most likely employees of management got promoted. Salary Hike is very pathetic situation ,An employees dies by salary he/she gets. Supervisor behaviour is very rude to employees.Alway attempt to terminate the employment .

Branch Manager in Bhuj

Full Time

Sales & Business Development Department

5.0

• posted on 01 Sep 2023

2.0

for Salary and Benefits

Likes

Company with good work culture and integrity. Company's marketing strategies and branding help us most for business generation. Audit team is always caring for customer's concern and company's image.

Dislikes

Salary is not as per expectation compared to other competitors companies.

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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 Finance Manager Salary FAQs

What is the salary of Finance Manager at Muthoot Finance?

Finance Manager salary at Muthoot Finance in India ranges between ₹2.0 Lakhs to ₹10.1 Lakhs for experience between 1 years to 9 years. According to our estimates it is 69% less than the average Finance Manager Salary in India. Salary estimates are based on 16 latest salaries received from various employees of Muthoot Finance India.

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

The average salary of a Finance Manager at Muthoot Finance is 69% less than the average salary of a Finance Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Finance Manager at Muthoot Finance?

Variance Analysis, Budget preparation, Accounting, Budget Analysis and Annual Reports are some of the popular skills required to work as a Finance Manager at Muthoot Finance India.

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

Federal Bank Finance Manager Salary - ₹3.8 Lakhs to ₹16.6 Lakhs per year
Yes Bank Finance Manager Salary - ₹3.8 Lakhs to ₹15.8 Lakhs per year
ICICI Bank Finance Manager Salary - ₹4.1 Lakhs to ₹16.1 Lakhs per year
Sammaan Capital Limited Finance Manager Salary - ₹6.3 Lakhs to ₹12.2 Lakhs per year
Tata Capital Finance Manager Salary - ₹3.7 Lakhs to ₹15.4 Lakhs per year

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

HDFC Bank Finance Manager Salary - ₹3.0 Lakhs to ₹13.8 Lakhs per year
Sundaram Finance Finance Manager Salary - ₹4.5 Lakhs to ₹10.8 Lakhs per year
Mahindra Rural Housing Finance Finance Manager Salary - ₹2.5 Lakhs to ₹5.5 Lakhs per year
Poonawalla Fincorp Finance Manager Salary - ₹2.5 Lakhs to ₹8.5 Lakhs per year
Kotak Mahindra Bank Finance Manager Salary - ₹2.6 Lakhs to ₹10.1 Lakhs per year

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

The estimated take-home salary of a Finance Manager at Muthoot Finance ranges between ₹39,115 per month to ₹40,294 per month in India. The take-home salary calculation is based on the average Muthoot Finance Finance Manager salary in India which ranges between ₹2.0 Lakhs to ₹10.1 Lakhs per year for employees with experience between 1 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Finance Manager at Muthoot Finance?

According to AmbitionBox, 32% of the Muthoot Finance Finance Managers reported a notice period of 2 Months, 27% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 22 responses on AmbitionBox in last 2 years.

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Muthoot Finance Finance Manager Salaries

Muthoot Finance Finance Manager salary in India ranges between ₹2 Lakhs to ₹10.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Muthoot Finance latest salaries received from various employees of Muthoot Finance.