Muthoot Finance Senior Manager Salaries by 20+ Employees (Updated 2025)

11 - 19 years exp.

₹4.2 Lakhs - ₹13.6 Lakhs

Salary of majority employees

Fixed (89%)

₹7.1 Lakhs

Variable (11%)

₹0.8 Lakh

64% less than the average Senior Manager Salary in NBFC Companies for 11 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 14 - 17 years exp. (5 salaries)	₹6.5 L/yr - ₹7.9 L/yr
Finance & Accounting Senior Manager Salary 13 - 19 years exp. (4 salaries)	₹6 L/yr - ₹10.2 L/yr
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Sales & Business Development Senior Manager Salary 12 - 14 years exp. (4 salaries)	₹8.5 L/yr - ₹13.6 L/yr
Human Resources Senior Manager Salary 12 - 14 years exp. (3 salaries)	₹8 L/yr - ₹9.3 L/yr
Administration & Facilities Senior Manager Salary 17 - 19 years exp. (3 salaries)	₹7.7 L/yr - ₹9.5 L/yr

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Last Updated: 10 Mar 2025

Companies similar to Muthoot Finance for Senior Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Senior Manager Salary 4 - 12 years exp. (141 salaries)	₹7.5 L/yr - ₹28 L/yr 99% more	9 job openings
HDFC Bank Senior Manager Salary 3 - 21 years exp. (6.3k salaries)	₹8 L/yr - ₹25 L/yr 94% more
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ICICI Bank Senior Manager Salary 1 - 20 years exp. (1.8k salaries)	₹8.5 L/yr - ₹28 L/yr 116% more
Kotak Mahindra Bank Senior Manager Salary 2 - 19 years exp. (3.5k salaries)	₹6.5 L/yr - ₹19 L/yr 58% more
Axis Bank Senior Manager Salary 2 - 21 years exp. (5.2k salaries)	₹8 L/yr - ₹24.1 L/yr 105% more	2 job openings
Yes Bank Senior Manager Salary 2 - 18 years exp. (2.3k salaries)	₹5.9 L/yr - ₹21.5 L/yr 57% more
IndusInd Bank Senior Manager Salary 6 - 18 years exp. (355 salaries)	₹5.2 L/yr - ₹20 L/yr 51% more
IDFC FIRST Bank Senior Manager Salary 2 - 18 years exp. (1.3k salaries)	₹7 L/yr - ₹22.8 L/yr 82% more
Federal Bank Senior Manager Salary 6 - 15 years exp. (187 salaries)	₹10 L/yr - ₹30 L/yr 210% more
RBL Bank Senior Manager Salary 1 - 17 years exp. (802 salaries)	₹6 L/yr - ₹20.1 L/yr 58% more
L&T Finance Senior Manager Salary 2 - 13 years exp. (356 salaries)	₹8.1 L/yr - ₹26 L/yr 123% more
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SMFG India Credit Senior Manager Salary 6 - 16 years exp. (212 salaries)	₹8.9 L/yr - ₹31 L/yr 147% more
Tata Capital Senior Manager Salary 4 - 13 years exp. (212 salaries)	₹8.8 L/yr - ₹30 L/yr 139% more
Manappuram Finance Senior Manager Salary 0 - 13 years exp. (180 salaries)	₹3.2 L/yr - ₹12 L/yr 15% less
IIFL Finance Senior Manager Salary 1 - 13 years exp. (119 salaries)	₹3.5 L/yr - ₹14 L/yr 11% more
Poonawalla Fincorp Senior Manager Salary 5 - 19 years exp. (90 salaries)	₹10 L/yr - ₹23.1 L/yr 110% more
Aditya Birla Finance Senior Manager Salary 3 - 14 years exp. (86 salaries)	₹8.5 L/yr - ₹25 L/yr 97% more
HDB Financial Services Senior Manager Salary 0 - 15 years exp. (68 salaries)	₹2.7 L/yr - ₹11.9 L/yr 9% less
TVS Credit Senior Manager Salary 4 - 17 years exp. (70 salaries)	₹6.6 L/yr - ₹22.6 L/yr 106% more	1 job opening
Sammaan Capital Limited Senior Manager Salary 5 - 17 years exp. (73 salaries)	₹6.6 L/yr - ₹17 L/yr 39% more

View all

Senior Manager salary at Muthoot Finance ranges between ₹4.2 Lakhs to ₹13.6 Lakhs per year for employees with experience between 11 years to 19 years. Salary estimates are based on 23 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Senior Manager salaries

Last Updated: 10 Mar 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹15.1 L/yr
12 years (3 salaries)	₹8 L/yr - ₹13.6 L/yr
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13 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹14.7 L/yr
14 years (6 salaries)	₹7 L/yr - ₹13.6 L/yr
15+ years (11 salaries)	₹6 L/yr - ₹9.5 L/yr

Similar Designation salaries in Muthoot Finance

Store Manager Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Regional Manager Salary

(48 salaries)

₹6.8 L/yr - ₹21.5 L/yr

Deputy Manager Salary

(87 salaries)

₹2.8 L/yr - ₹8.9 L/yr

Territory Manager Salary

(5 salaries)

₹6 L/yr - ₹8.5 L/yr

Sales Manager Salary

(45 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Senior Sales Manager Salary

(6 salaries)

₹2.5 L/yr - ₹8 L/yr

Branch Manager Salary

(560 salaries)

₹1.8 L/yr - ₹7.5 L/yr

Area Manager Salary

(6 salaries)

₹3.5 L/yr - ₹8.8 L/yr

Marketing Manager Salary

(11 salaries)

₹2.35 L/yr - ₹6.5 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Top skills at Muthoot Finance for Senior Manager

Finance Accounts Reconciliation DSA Reconciliation Auditing

Salary related reviews for Muthoot Finance

4.0

Rated by 5 employees for salary & benefits

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

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

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

Salary - Good

+2 more

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.

Job security - Bad

+3 more

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Muthoot Finance Senior Manager Salary FAQs

What is the salary of Senior Manager at Muthoot Finance ?

The average salary of a Senior Manager at Muthoot Finance in India typically ranges from ₹4.2 Lakhs to ₹13.6 Lakhs per year, depending on experience (from 11 years to 19 years).

The top 10% of Senior Manager at Muthoot Finance earn more than ₹10.9 Lakhs per year, and the top 1% earn over ₹13.6 Lakhs per year. Senior Manager 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 20+ Muthoot Finance employees in India.

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

The estimated take-home salary of a Senior Manager at Muthoot Finance in India typically ranges from ₹58,532 to ₹60,007 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹13.6 Lakhs per year for employees with experience ranging from 11 years to 19 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 20+ 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 Senior Manager at Muthoot Finance ?

To be a Senior Manager at Muthoot Finance in india, the key skills required include:

- Finance
- Accounts Reconciliation
- DSA
- Reconciliation
- Auditing

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 Senior Manager in India?

Federal Bank	₹10.0 Lakhs to ₹30.0 Lakhs per year
SMFG India Credit	₹8.9 Lakhs to ₹31.0 Lakhs per year
Tata Capital	₹8.8 Lakhs to ₹30.0 Lakhs per year
L&T Finance	₹8.1 Lakhs to ₹26.0 Lakhs per year
ICICI Bank	₹8.5 Lakhs to ₹28.0 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 Senior Manager in companies similar to Muthoot Finance in India?

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

Capri Global Capital	₹9.3 Lakhs to ₹28.5 Lakhs per year
Poonawalla Fincorp	₹10.0 Lakhs to ₹23.1 Lakhs per year
Tata Capital Housing Finance	₹10.0 Lakhs to ₹25.0 Lakhs per year
PNB Housing Finance	₹9.5 Lakhs to ₹25.0 Lakhs per year
TVS Credit	₹6.6 Lakhs to ₹22.6 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 Senior Manager at Muthoot Finance in India?

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

Experience	Average Salary Range
11 years	₹4.2 Lakhs to ₹15.1 Lakhs per year
12 years	₹8.0 Lakhs to ₹13.6 Lakhs per year
13 years	₹7.5 Lakhs to ₹14.7 Lakhs per year
14 years	₹7.0 Lakhs to ₹13.6 Lakhs per year

and so on.

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Muthoot Finance Senior Manager Salaries

Muthoot Finance Senior Manager salary in India ranges between ₹4.2 Lakhs to ₹13.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 23 Muthoot Finance latest salaries received from various employees of Muthoot Finance.