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

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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)	Unlock ₹6.5 L/yr - ₹7.9 L/yr
Finance & Accounting Senior Manager Salary 13 - 19 years exp. (4 salaries)	Unlock ₹6 L/yr - ₹10.2 L/yr
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Sales & Business Development Senior Manager Salary 12 - 14 years exp. (4 salaries)	Unlock ₹8.5 L/yr - ₹13.6 L/yr
Human Resources Senior Manager Salary 12 - 14 years exp. (3 salaries)	Unlock ₹8 L/yr - ₹9.3 L/yr
Administration & Facilities Senior Manager Salary 17 - 19 years exp. (3 salaries)	Unlock ₹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. (145 salaries)	Unlock ₹7.3 L/yr - ₹27.7 L/yr 99% more	9 job openings
HDFC Bank Senior Manager Salary 3 - 21 years exp. (6.2k salaries)	Unlock ₹8 L/yr - ₹24 L/yr 92% more
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ICICI Bank Senior Manager Salary 1 - 19 years exp. (1.8k salaries)	Unlock ₹8.5 L/yr - ₹28 L/yr 119% more
Kotak Mahindra Bank Senior Manager Salary 1 - 19 years exp. (3.5k salaries)	Unlock ₹5.2 L/yr - ₹19 L/yr 58% more
Axis Bank Senior Manager Salary 2 - 21 years exp. (5.2k salaries)	Unlock ₹8 L/yr - ₹28.6 L/yr 105% more	1 job opening
Yes Bank Senior Manager Salary 2 - 18 years exp. (2.3k salaries)	Unlock ₹5.9 L/yr - ₹22 L/yr 57% more
IndusInd Bank Senior Manager Salary 6 - 18 years exp. (360 salaries)	Unlock ₹5.3 L/yr - ₹20 L/yr 52% more
IDFC FIRST Bank Senior Manager Salary 2 - 18 years exp. (1.4k salaries)	Unlock ₹7 L/yr - ₹23 L/yr 82% more
Federal Bank Senior Manager Salary 6 - 15 years exp. (189 salaries)	Unlock ₹10 L/yr - ₹30 L/yr 198% more
RBL Bank Senior Manager Salary 1 - 17 years exp. (796 salaries)	Unlock ₹6 L/yr - ₹20 L/yr 56% more
L&T Finance Senior Manager Salary 2 - 13 years exp. (392 salaries)	Unlock ₹7.9 L/yr - ₹26 L/yr 119% more
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SMFG India Credit Senior Manager Salary 6 - 16 years exp. (210 salaries)	Unlock ₹8.9 L/yr - ₹31 L/yr 139% more
Tata Capital Senior Manager Salary 4 - 13 years exp. (197 salaries)	Unlock ₹9.7 L/yr - ₹30 L/yr 148% more
Manappuram Finance Senior Manager Salary 0 - 13 years exp. (179 salaries)	Unlock ₹3.2 L/yr - ₹12 L/yr 15% less
IIFL Finance Senior Manager Salary 1 - 13 years exp. (119 salaries)	Unlock ₹3.5 L/yr - ₹14 L/yr 11% more
Poonawalla Fincorp Senior Manager Salary 5 - 19 years exp. (93 salaries)	Unlock ₹10 L/yr - ₹23.1 L/yr 105% more
Aditya Birla Finance Senior Manager Salary 3 - 14 years exp. (86 salaries)	Unlock ₹8.5 L/yr - ₹25 L/yr 91% more
HDB Financial Services Senior Manager Salary 0 - 17 years exp. (79 salaries)	Unlock ₹2.4 L/yr - ₹13.7 L/yr 1% more
TVS Credit Senior Manager Salary 4 - 20 years exp. (77 salaries)	Unlock ₹6.6 L/yr - ₹21.4 L/yr 102% more
Sammaan Capital Limited Senior Manager Salary 5 - 17 years exp. (73 salaries)	Unlock ₹6.6 L/yr - ₹17 L/yr 39% more

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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.

Latest annual salaries shared by Muthoot Finance Senior Manager

2d ago

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14 years exp.

1mo ago

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19 years exp.

4mo ago

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14 years exp.

5mo ago

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14 years exp.

6mo ago

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12 years exp.

7mo ago

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13 years exp.

7mo ago

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14 years exp.

1y ago

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19 years exp.

1y ago

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18 years exp.

1y ago

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14 years exp.

Experience wise Muthoot Finance Senior Manager salaries

Last Updated: 10 Mar 2025

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

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(6 salaries)

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₹3.5 L/yr - ₹8.8 L/yr

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(11 salaries)

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(AmbitionBox Estimate)

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₹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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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Muthoot Finance Senior Manager Salary FAQs

What is the salary of Senior Manager at Muthoot Finance?

Senior Manager salary at Muthoot Finance in India ranges between ₹4.2 Lakhs to ₹13.6 Lakhs for experience between 11 years to 19 years. According to our estimates it is 64% less than the average Senior Manager Salary in India. Salary estimates are based on 23 latest salaries received from various employees of Muthoot Finance India.

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

The average salary of a Senior Manager at Muthoot Finance is 64% less than the average salary of a Senior Manager in India. To know exact salary insights, login to view.

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

Finance, Accounts Reconciliation, DSA, Reconciliation and Auditing are some of the popular skills required to work as a Senior Manager at Muthoot Finance India.

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

Federal Bank Senior Manager Salary - ₹10.0 Lakhs to ₹30.0 Lakhs per year
Tata Capital Senior Manager Salary - ₹9.7 Lakhs to ₹30.0 Lakhs per year
SMFG India Credit Senior Manager Salary - ₹8.9 Lakhs to ₹31.0 Lakhs per year
ICICI Bank Senior Manager Salary - ₹8.5 Lakhs to ₹28.0 Lakhs per year
L&T Finance Senior Manager Salary - ₹7.9 Lakhs to ₹26.0 Lakhs per year

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

Mahindra Finance Senior Manager Salary - ₹7.0 Lakhs to ₹29.8 Lakhs per year
Tata Capital Housing Finance Senior Manager Salary - ₹10.0 Lakhs to ₹25.0 Lakhs per year
Capri Global Capital Senior Manager Salary - ₹9.3 Lakhs to ₹28.5 Lakhs per year
PNB Housing Finance Senior Manager Salary - ₹9.5 Lakhs to ₹25.0 Lakhs per year
Poonawalla Fincorp Senior Manager Salary - ₹10.0 Lakhs to ₹23.1 Lakhs per year

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 ranges between ₹58,532 per month to ₹60,007 per month in India. The take-home salary calculation is based on the average Muthoot Finance Senior Manager salary in India which ranges between ₹4.2 Lakhs to ₹13.6 Lakhs per year for employees with experience between 11 years to 19 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 56% of the Muthoot Finance Senior Managers reported a notice period of 1 Month, 44% reported a notice period of 3 Months.This is based on 18 responses on AmbitionBox in last 2 years.

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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.