Muthoot Finance Financial Associate Salaries by 4 Employees

0 - 2 years exp.

₹1.2 Lakh - ₹2.5 Lakhs

Low Confidence

Salary of majority employees

58% less than the average Financial Associate Salary in NBFC Companies for 0 - 2 years of experience

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Last Updated: 20 Oct 2024

Companies similar to Muthoot Finance for Financial Associate

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance Financial Associate Salary 0 - 3 years exp. (6 salaries)	₹1.4 L/yr - ₹2.5 L/yr At par
Sundaram Finance Financial Associate Salary 1 - 7 years exp. (6 salaries)	₹1.8 L/yr - ₹2.2 L/yr 9% more
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Shriram Finance Financial Associate Salary 0 - 3 years exp. (5 salaries)	₹1 L/yr - ₹2.5 L/yr 13% less
Spandana Sphoorty Financial Financial Associate Salary 0 - 2 years exp. (4 salaries)	₹1.2 L/yr - ₹3 L/yr 3% less
Bajaj Finance Financial Associate Salary 0 - 2 years exp. (4 salaries)	₹2.1 L/yr - ₹2.4 L/yr 5% more
Mahindra Finance Financial Associate Salary 2 - 3 years exp. (3 salaries)	₹2 L/yr - ₹2.5 L/yr 1% more
Muthoot Microfin Financial Associate Salary 2 - 4 years exp. (3 salaries)	₹1.9 L/yr - ₹4.6 L/yr 45% more
L&T Finance Financial Associate Salary 1 - 5 years exp. (3 salaries)	₹2.2 L/yr - ₹3 L/yr 25% more

Financial Associate salary at Muthoot Finance ranges between ₹1.2 Lakh to ₹2.5 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Financial Associate salaries

Last Updated: 20 Oct 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹1.2 L/yr - ₹2.2 L/yr
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
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2 years (AmbitionBox Estimate)	₹1 L/yr - ₹2.5 L/yr

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Top skills at Muthoot Finance for Financial Associate

Finance Payroll Communication Skills Financial Statements Financial Analysis Accounts Payable Compliance Bank Reconciliation Financial Planning Accounts Receivable Auditing Accounting Financial Modelling Taxation Balance Sheet

Salary related reviews for Muthoot Finance

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

Account Assistant in Alibag

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 20 Dec 2023

1.0

for Salary and Benefits

Likes

Salary is credited on time.

Dislikes

They do more work in less salary. Work time is too much. In that too, sometimes they stop for more time and work. They work on Sundays as well. Salary does not increase even after working for 8 years. Older employees give more pressure and harass them

Salary - Bad

+6 more

Finance Executive in Tirunelveli

Finance & Accounting Department

5.0

• posted on 08 May 2021

5.0

for Salary and Benefits

Likes

...ansparent and friendly. Company policies are good.work with an comfortable zone.appraisals are fair and they provide good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

No dislike and no issues for this company

Accountant in Mumbai

Finance & Accounting Department

5.0

• posted on 21 Nov 2019

4.0

for Salary and Benefits

Likes

The company take cares of their employees these is the best thingh of these company whenever you do a business for the company it does not keeps the whole profit with them they share a certaiin part of it to those employees whose involvement is there to make that business sucessfull so these is the best thingh that i like about muthoot finance that they does not only think of their profit or pockets they also do take care of their employees to

Salary - Good

+4 more

Dislikes

...recovery and the worst thingh is that if i fail to punch after 9 am if also 9.1. Has became my half day salary will be deducted these is the worst thingh which almost all employees does not likes

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

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 Financial Associate Salary FAQs

What is the salary of Financial Associate at Muthoot Finance ?

The average salary of a Financial Associate at Muthoot Finance in India typically ranges from ₹1.2 Lakhs to ₹2.5 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Financial Associate at Muthoot Finance earn more than ₹2.5 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Financial Associate 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 Financial Associate at Muthoot Finance in India?

The estimated take-home salary of a Financial Associate at Muthoot Finance in India typically ranges from ₹13,866 to ₹15,335 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from Fresher to 2 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 Financial Associate at Muthoot Finance ?

To be a Financial Associate at Muthoot Finance in india, the key skills required include:

- Finance
- Payroll
- Communication Skills
- Financial Statements
- Financial Analysis

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 Financial Associate in India?

Muthoot Microfin	₹1.9 Lakhs to ₹4.6 Lakhs per year
L&T Finance	₹2.2 Lakhs to ₹3.0 Lakhs per year
Sundaram Finance	₹1.8 Lakhs to ₹2.2 Lakhs per year
Bajaj Finance	₹2.1 Lakhs to ₹2.4 Lakhs per year
Mahindra Finance	₹2.0 Lakhs to ₹2.5 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 Financial Associate in companies similar to Muthoot Finance in India?

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

Manappuram Finance	₹1.4 Lakhs to ₹2.5 Lakhs per year
Spandana Sphoorty Financial	₹1.2 Lakhs to ₹3.0 Lakhs per year
Shriram Finance	₹1.0 Lakhs to ₹2.5 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 Financial Associate at Muthoot Finance in India?

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

Experience	Average Salary Range
Fresher	₹1.2 Lakhs to ₹2.2 Lakhs per year
1 year	₹1.8 Lakhs to ₹2.3 Lakhs per year
2 years	₹1.0 Lakhs to ₹2.5 Lakhs per year

and so on.

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Muthoot Finance Financial Associate Salaries

Muthoot Finance Financial Associate salary in India ranges between ₹1.2 Lakh to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.