Muthoot Finance IT Associate Salaries by 4 Employees

7 - 8 years exp.

₹2.9 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

42% less than the average IT Associate Salary in NBFC Companies for 7 - 8 years of experience

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Last Updated: 14 Mar 2023

Companies similar to Muthoot Finance for IT Associate

Company name	Avg Annual Salary	Open Jobs
Bharat Financial Inclusion IT Associate Salary 1 - 5 years exp. (25 salaries)	₹1.5 L/yr - ₹4 L/yr 7% less
Spandana Sphoorty Financial IT Associate Salary 2 - 4 years exp. (4 salaries)	₹3.1 L/yr - ₹3.4 L/yr 8% more
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Bajaj Finance IT Associate Salary 2 - 4 years exp. (4 salaries)	₹1.9 L/yr - ₹4.5 L/yr 4% more
Cinépolis IT Associate Salary 0 - 6 years exp. (168 salaries)	₹1.8 L/yr - ₹3.7 L/yr 8% less
Daffodil Software IT Associate Salary 1 - 5 years exp. (156 salaries)	₹5 L/yr - ₹18 L/yr 251% more

IT Associate salary at Muthoot Finance ranges between ₹2.9 Lakhs to ₹3 Lakhs per year for employees with experience between 7 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance IT Associate salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹2.9 L/yr
Login to view exact salary
8 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3 L/yr

Similar Designation salaries in Muthoot Finance

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Network Engineer Salary

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Software Engineer Salary

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₹5.4 L/yr - ₹6.9 L/yr

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Desktop Support Engineer Salary

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Technical Support Executive Salary

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₹1.6 L/yr - ₹2.1 L/yr

Top skills at Muthoot Finance for IT Associate

Firewall IT Infrastructure Root Cause Analysis Hardware VPN Management Inventory Testing Basic Troubleshooting Networking System Administration Technical Support Printers Computer Hardware

Salary related reviews for Muthoot Finance

1.0

Rated by 1 employees for salary & benefits

System Administrator in Warangal

Full Time

IT & Information Security Department

3.0

• posted on 01 May 2024

4.0

for Salary and Benefits

Likes

Good salary and allowances. Have freedom at working environment. Provides DA and guest house.

Salary - Good

+2 more

Dislikes

No promotion, no salary hikes and irresponsible HR. Head office staffs are not co-operative and are not understanding the employees' difficulties. Also, heavy work load at times with long traveling too. Average guest house facilities too.

Promotions - Bad

+1 more

Team Manager in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 Feb 2025

2.0

for Salary and Benefits

Likes

Getting salary on 30th of every month.

Dislikes

1- Very low salary , 2- Hypocrite attitude of senior level employees 3- HR is a comedy , even if you are resigning also they not even call you to understand the issue there is no exit interview at all. They started working after 5:30 PM only to show the management that we are working more hours , till 5 PM they are enjoying by distributing snaks going out etc ... 4- HR give promotion just for the sake and send you to another location by giving only 2K salary hike. while your expenses jumped to 10k and responsibility also , finally your promotion got waste. People fear to take promotions here. 5 -very bad family insurance , only 1 lakh and there is no parent insurance option.

Salary - Poor

+5 more

Senior Manager in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

3.0

• posted on 18 Feb 2025

3.0

for Salary and Benefits

Likes

Company is giving internal promotions and incentive for all employés irrespective of function.

Job security - Good

+2 more

Dislikes

Low salary for existing employees and giving better salary for new entrance in the same role 6 Days working is very hectic , company collecting money from employees for evening tea., Parent insurance is not available. Etc...

Business Development Associate in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 17 Feb 2025

1.0

for Salary and Benefits

Likes

Good things was it's near to my home and time was flexible and leaves were good

Dislikes

Many things salary is first but never received on time salary everytime and incentives were not given properly no skill development only work like hell and call customer daily but they were not even interested to get benifits and fooling customer by false words work environment was ok because manager and employee misunderstanding more

Salary - Bad

+5 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

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Muthoot Finance IT Associate Salary FAQs

What is the salary of IT Associate at Muthoot Finance ?

The average salary of a IT Associate at Muthoot Finance in India typically ranges from ₹2.9 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 7 years to 8 years).

The top 10% of IT Associate at Muthoot Finance earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. IT 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 IT Associate at Muthoot Finance in India?

The estimated take-home salary of a IT Associate at Muthoot Finance in India typically ranges from ₹20,795 to ₹22,447 per month. This is based on the average salary range of ₹2.9 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 7 years to 8 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 IT Associate at Muthoot Finance ?

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

- Firewall
- IT Infrastructure
- Root Cause Analysis
- Hardware
- VPN

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 IT Associate in India?

Daffodil Software	₹5.0 Lakhs to ₹18.0 Lakhs per year
Spandana Sphoorty Financial	₹3.1 Lakhs to ₹3.4 Lakhs per year
Bajaj Finance	₹1.9 Lakhs to ₹4.5 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 IT Associate in companies similar to Muthoot Finance in India?

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

Bharat Financial Inclusion	₹1.5 Lakhs to ₹4.0 Lakhs per year
Cinépolis	₹1.8 Lakhs to ₹3.7 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 IT Associate at Muthoot Finance in India?

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

Experience	Average Salary Range
7 years	₹2.9 Lakhs to ₹2.9 Lakhs per year
8 years	₹2.9 Lakhs to ₹3.0 Lakhs per year

and so on.

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Muthoot Finance IT Associate Salaries

Muthoot Finance IT Associate salary in India ranges between ₹2.9 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

Muthoot Finance IT Associate salaries in India

Companies similar to Muthoot Finance for IT Associate

Latest annual salaries shared by Muthoot Finance IT Associate

Experience wise Muthoot Finance IT Associate salaries

Similar Designation salaries in Muthoot Finance

Top skills at Muthoot Finance for IT Associate

Salary related reviews for Muthoot Finance

System Administrator in Warangal

Team Manager in Bangalore / Bengaluru

Senior Manager in Bangalore / Bengaluru

Business Development Associate in Bangalore / Bengaluru

Assistant Branch Manager in New Delhi

Muthoot Finance IT Associate Salary FAQs

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