Muthoot Finance Operations Associate Salaries by 4 Employees

2 - 8 years exp.

₹2.4 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

11% less than the average Operations Associate Salary in NBFC Companies for 2 - 8 years of experience

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Last Updated: 5 Dec 2024

Companies similar to Muthoot Finance for Operations Associate

Company name	Avg Annual Salary	Open Jobs
LendingKart Operations Associate Salary 2 - 6 years exp. (16 salaries)	₹2.4 L/yr - ₹3.8 L/yr 2% more
Kotak Mahindra Prime Operations Associate Salary 1 - 5 years exp. (9 salaries)	₹2.2 L/yr - ₹3.1 L/yr 18% less
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HDB Financial Services Operations Associate Salary 1 - 3 years exp. (7 salaries)	₹2 L/yr - ₹3 L/yr 27% less
Mahindra Finance Operations Associate Salary 1 - 6 years exp. (6 salaries)	₹1.8 L/yr - ₹2.7 L/yr 26% less
Five-Star Business Finance Operations Associate Salary 0 - 3 years exp. (5 salaries)	₹1.5 L/yr - ₹3.2 L/yr 32% less
Shriram Finance Operations Associate Salary 1 - 3 years exp. (5 salaries)	₹1.7 L/yr - ₹3.2 L/yr 32% less
Sundaram Finance Operations Associate Salary 0 - 7 years exp. (5 salaries)	₹1.8 L/yr - ₹2.5 L/yr 29% less
IIFL Finance Operations Associate Salary 5 - 10 years exp. (4 salaries)	₹2.4 L/yr - ₹4.2 L/yr 2% more
Mahindra Rural Housing Finance Operations Associate Salary 3 - 4 years exp. (4 salaries)	₹1.4 L/yr - ₹2.7 L/yr 42% less
Spandana Sphoorty Financial Operations Associate Salary 1 - 3 years exp. (4 salaries)	₹1.1 L/yr - ₹4.5 L/yr 39% less
Bajaj Finance Operations Associate Salary 1 - 2 years exp. (4 salaries)	₹1.5 L/yr - ₹2 L/yr 42% less
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Operations Associate salary at Muthoot Finance ranges between ₹2.4 Lakhs to ₹3.5 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Operations Associate salaries

Last Updated: 5 Dec 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.5 L/yr
3 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.5 L/yr
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4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
7 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.3 L/yr
8 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.2 L/yr

View all

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Quality Analyst Salary

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Senior Officer Salary

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₹2.9 L/yr - ₹3.7 L/yr

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Top skills at Muthoot Finance for Operations Associate

Auditing MIS Reporting Customer Management Management Legal Customer Service Management Construction OTC MIS Excel EMI SOA Underwriting Relationship Reporting

Salary related reviews for Muthoot Finance

5.0

Rated by 1 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

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

Customer Care Executive in Agra

Full Time

Sales & Business Development Department

2.0

• posted on 06 May 2023

2.0

for Salary and Benefits

Likes

I like about working at muthoot finance some policies are good..

Dislikes

I just share my review for muthoot finance there is some policies are not favour of staff like salary, promotion and leaves and holidays. There is old staff future is not bright because they are taking a lots of time for promotion and also salary is very low is this inflation time and new staff and old staff salary is mostly same.. there is second and fourth saturday is also working when most of the banks and NBFC is closed, festival holiday is so low.. so its not my request that is all staff request please understand the whole staff needs who working in muthoot finance ..some times they give the pressure to staff.. They have submitted the all staff original documents like marksheet so thats not correct..

Salary - Poor

+3 more

Customer Care Executive in Chandigarh

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 02 Oct 2022

1.0

for Salary and Benefits

Likes

I like muthoot finance tranfer system..

Dislikes

Work culture , low salary and there are very poor promotion culture, target pressure .evry think is worst in muthoot finance that's why a lot of staff is leave job from muthoot

Salary - Bad

+6 more

Customer Care Executive in Anoopshahr (working remotely)

Full Time

Sales & Business Development Department

5.0

• posted on 20 Dec 2024

5.0

for Salary and Benefits

Likes

good work-life balance, consistent salary on time, strong job security, a positive work culture, good learning opportunities, attractive incentives, and the ability to work independently within their roles;

Salary - Excellent

+6 more

Dislikes

Strict Timings and Work Culture: Rigid work hours with limited flexibility, leading to complaints about work-life balance

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 Operations Associate Salary FAQs

What is the salary of Operations Associate at Muthoot Finance ?

The average salary of a Operations Associate at Muthoot Finance in India typically ranges from ₹2.4 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Operations Associate at Muthoot Finance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Operations 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 Operations Associate at Muthoot Finance in India?

The estimated take-home salary of a Operations Associate at Muthoot Finance in India typically ranges from ₹22,909 to ₹24,379 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 2 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 Operations Associate at Muthoot Finance ?

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

- Auditing
- MIS Reporting
- Customer Management
- Management
- Legal

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 Operations Associate in India?

IIFL Finance	₹2.4 Lakhs to ₹4.2 Lakhs per year
LendingKart	₹2.4 Lakhs to ₹3.8 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 Operations Associate in companies similar to Muthoot Finance in India?

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

Kotak Mahindra Prime	₹2.2 Lakhs to ₹3.1 Lakhs per year
Mahindra Finance	₹1.8 Lakhs to ₹2.7 Lakhs per year
HDB Financial Services	₹2.0 Lakhs to ₹3.0 Lakhs per year
Sundaram Finance	₹1.8 Lakhs to ₹2.5 Lakhs per year
Shriram Finance	₹1.7 Lakhs to ₹3.2 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 Operations Associate at Muthoot Finance in India?

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

Experience	Average Salary Range
2 years	₹1.4 Lakhs to ₹3.5 Lakhs per year
3 years	₹1.3 Lakhs to ₹3.5 Lakhs per year
4 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
5 years	₹2.8 Lakhs to ₹3.6 Lakhs per year

and so on.

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Muthoot Finance Operations Associate Salaries

Muthoot Finance Operations Associate salary in India ranges between ₹2.4 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Finance latest salaries received from various employees of Muthoot Finance.