Muthoot Finance State Head Salaries by 6 Employees (Updated 2024)

15 - 20 years exp.

₹12 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

8% more than the average State Head Salary in NBFC Companies for 15 - 20 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development State Head Salary 15 - 20 years exp. (3 salaries)	₹12 L/yr - ₹20 L/yr
Login to view exact salary
BFSI, Investments & Trading State Head Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹14.5 L/yr - ₹17 L/yr

Last Updated: 31 Jul 2024

Companies similar to Muthoot Finance for State Head

Company name	Avg Annual Salary	Open Jobs
Manappuram Finance State Head Salary 15 - 20 years exp. (5 salaries)	₹12.9 L/yr - ₹15 L/yr 23% less
Shriram Finance State Head Salary 12 - 23 years exp. (8 salaries)	₹13 L/yr - ₹22.2 L/yr 15% more
Login to view exact salary
Bajaj Finance State Head Salary 12 - 14 years exp. (5 salaries)	₹16.6 L/yr - ₹23.5 L/yr 15% more
HDFC Bank State Head Salary 10 - 18 years exp. (22 salaries)	₹9 L/yr - ₹32 L/yr 9% more
ICICI Bank State Head Salary 1 - 18 years exp. (6 salaries)	₹12 L/yr - ₹25 L/yr 26% more
Axis Bank State Head Salary 9 - 21 years exp. (47 salaries)	₹8 L/yr - ₹30.8 L/yr 7% more
Kotak Mahindra Bank State Head Salary 9 - 20 years exp. (15 salaries)	₹10.2 L/yr - ₹19 L/yr 16% less
Tata Capital State Head Salary 11 - 23 years exp. (18 salaries)	₹8 L/yr - ₹25 L/yr 3% more
Aavas Financiers State Head Salary 11 - 19 years exp. (40 salaries)	₹8.8 L/yr - ₹23.4 L/yr 7% less
SMFG India Credit State Head Salary 12 - 22 years exp. (20 salaries)	₹11.5 L/yr - ₹28 L/yr 9% more
Poonawalla Fincorp State Head Salary 10 - 19 years exp. (16 salaries)	₹8.1 L/yr - ₹15.2 L/yr 21% less
Login to view exact salary
Muthoot Fincorp State Head Salary 12 - 19 years exp. (8 salaries)	₹10.4 L/yr - ₹20.5 L/yr 5% less
IIFL Finance State Head Salary 7 - 13 years exp. (5 salaries)	₹12 L/yr - ₹13.2 L/yr 22% less
Bharat Financial Inclusion State Head Salary 10 - 18 years exp. (7 salaries)	₹10.2 L/yr - ₹26.9 L/yr 10% more
Tata Capital Housing Finance State Head Salary 11 - 21 years exp. (7 salaries)	₹13.5 L/yr - ₹22 L/yr 1% less
IDFC FIRST Bharat State Head Salary 8 - 18 years exp. (7 salaries)	₹9 L/yr - ₹17.3 L/yr 22% less
Mahindra Rural Housing Finance State Head Salary 10 - 22 years exp. (6 salaries)	₹11 L/yr - ₹23 L/yr 19% more
Mahindra Finance State Head Salary 14 - 23 years exp. (6 salaries)	₹14 L/yr - ₹24 L/yr 10% less	1 job opening
TVS Credit State Head Salary 7 - 21 years exp. (6 salaries)	₹9 L/yr - ₹16.3 L/yr 33% less
CreditAccess Grameen State Head Salary 13 - 16 years exp. (5 salaries)	₹19.5 L/yr - ₹31 L/yr 42% more

View all

State Head salary at Muthoot Finance ranges between ₹12 Lakhs to ₹20 Lakhs per year for employees with experience between 15 years to 20 years. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance State Head salaries

Last Updated: 31 Jul 2024

Experience	Avg Annual Salary
15+ years (6 salaries)	₹12 L/yr - ₹20 L/yr
Login to view exact salary

Similar Designation salaries in Muthoot Finance

Team Lead Salary

(25 salaries)

₹1.8 L/yr - ₹3.85 L/yr

Sales Manager Salary

(31 salaries)

₹2.5 L/yr - ₹6.3 L/yr

Sales Officer Salary

(25 salaries)

₹1.8 L/yr - ₹3.4 L/yr

Sales Executive Salary

(64 salaries)

₹1.4 L/yr - ₹4 L/yr

Branch Manager Salary

(552 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Area Manager Salary

(7 salaries)

₹3.5 L/yr - ₹9.6 L/yr

Cluster Manager Salary

(138 salaries)

₹4 L/yr - ₹10.61 L/yr

Deputy Manager Salary

(79 salaries)

₹3.5 L/yr - ₹9.6 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Regional Manager Salary

(47 salaries)

₹6.8 L/yr - ₹21.5 L/yr

Top skills at Muthoot Finance for State Head

Team Management Skills Business Development Gold Loan Business Generation Team Leading

Salary related reviews for Muthoot Finance

4.0

Rated by 1 employees for salary & benefits

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

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.

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

Branch Manager in Bhubaneswar

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 31 May 2023

1.0

for Salary and Benefits

Likes

Nothing in this company is good, company is very unorganised. Employment and Promotions is very pathetic situation mainly every decision based on Kerala centric employees. Kerala employees joined very good position and other states employees are very neglected by management it self.

Dislikes

...after several attempts whereas most likely employees of management got promoted. Salary Hike is very pathetic situation ,An employees dies by salary he/she gets. Supervisor behaviour is very rude to employees.Alway attempt to terminate the employment .

Branch Manager in Bhuj

Full Time

Sales & Business Development Department

5.0

• posted on 01 Sep 2023

2.0

for Salary and Benefits

Likes

Company with good work culture and integrity. Company's marketing strategies and branding help us most for business generation. Audit team is always caring for customer's concern and company's image.

Dislikes

Salary is not as per expectation compared to other competitors companies.

Cluster Manager in Ramanathapuram

Full Time

Finance & Accounting Department

5.0

• posted on 19 Oct 2020

4.0

for Salary and Benefits

Likes

...Team Work to us. Good micro Management. Good policies, huge incremental options. Every year bonus.

Dislikes

Some higher officer do Partiality. Missing some Support. Not transparent. Timings Incentive is not given

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

Got a question about Muthoot Finance?

Ask anonymously on communities.

Muthoot Finance State Head Salary FAQs

What is the salary of State Head at Muthoot Finance?

State Head salary at Muthoot Finance in India ranges between ₹12.0 Lakhs to ₹20.0 Lakhs for experience between 15 years to 20 years. According to our estimates it is 8% more than the average State Head Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Finance India.

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

The average salary of a State Head at Muthoot Finance is 8% more than the average salary of a State Head in India. To know exact salary insights, login to view.

What are the top skills required to work as a State Head at Muthoot Finance?

Team Management Skills, Business Development, Gold Loan, Business Generation and Team Leading are some of the popular skills required to work as a State Head at Muthoot Finance India.

Which similar companies are paying more than Muthoot Finance to a State Head in India?

CreditAccess Grameen State Head Salary - ₹19.5 Lakhs to ₹31.0 Lakhs per year
ICICI Bank State Head Salary - ₹12.0 Lakhs to ₹25.0 Lakhs per year
Mahindra Rural Housing Finance State Head Salary - ₹11.0 Lakhs to ₹23.0 Lakhs per year
PNB Housing Finance State Head Salary - ₹16.0 Lakhs to ₹24.0 Lakhs per year
Bajaj Finance State Head Salary - ₹16.6 Lakhs to ₹23.5 Lakhs per year

What is the salary of a State Head in companies similar to Muthoot Finance in India?

Shriram Finance State Head Salary - ₹13.0 Lakhs to ₹22.2 Lakhs per year
Bharat Financial Inclusion State Head Salary - ₹10.2 Lakhs to ₹26.9 Lakhs per year
HDFC Bank State Head Salary - ₹9.0 Lakhs to ₹32.0 Lakhs per year
SMFG India Credit State Head Salary - ₹11.5 Lakhs to ₹28.0 Lakhs per year
L&T Finance State Head Salary - ₹8.5 Lakhs to ₹25.0 Lakhs per year

What is the estimated take home salary of a State Head at Muthoot Finance in India?

The estimated take-home salary of a State Head at Muthoot Finance ranges between ₹1,14,460 per month to ₹1,17,648 per month in India. The take-home salary calculation is based on the average Muthoot Finance State Head salary in India which ranges between ₹12.0 Lakhs to ₹20.0 Lakhs per year for employees with experience between 15 years to 20 years. Check how did we calculate take home salary?

What is the notice period for State Head at Muthoot Finance?

According to AmbitionBox, 100% of the Muthoot Finance State Heads reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Muthoot Finance State Head Salaries by Location

Home >
Salaries >
Muthoot Finance Salaries >
Muthoot Finance State Head Salaries

Muthoot Finance State Head salary in India ranges between ₹12 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Muthoot Finance latest salaries received from various employees of Muthoot Finance.