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Muthoot Fincorp Area Manager salaries in Kolkata

Annual salary range
10 - 18 years exp.
₹6.2 Lakhs - ₹9 Lakhs
Salary of majority employees
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27% less than the average Area Manager Salary in NBFC Companies for 10 - 18 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Area Manager Salary
10 - 18 years exp. (7 salaries)
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₹6.7 L/yr - ₹9 L/yr

BFSI, Investments & Trading
Area Manager Salary
16 years exp. (AmbitionBox Estimate)
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₹6.2 L/yr - ₹7.9 L/yr

Last Updated: 21 Apr 2024

Companies similar to Muthoot Fincorp for Area Manager in Kolkata

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Muthoot Fincorp Area Manager Salary

10 - 18 years exp. (8 salaries)

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₹6.2 L/yr - ₹9 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Manappuram Finance Area Manager Salary

5 - 9 years exp. (10 salaries)

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₹3.5 L/yr - ₹5.9 L/yr

arrow icon 29% less
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CreditAccess Grameen Area Manager Salary

10 - 15 years exp. (8 salaries)

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₹4.8 L/yr - ₹7 L/yr

arrow icon 13% less
1 job opening
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TVS Credit Area Manager Salary

12 - 15 years exp. (7 salaries)

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₹11 L/yr - ₹18.7 L/yr

arrow icon 120% more
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Mahindra Finance Area Manager Salary

4 - 11 years exp. (5 salaries)

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₹4 L/yr - ₹9 L/yr

arrow icon 2% more
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Asirvad Microfinance Area Manager Salary

4 - 10 years exp. (3 salaries)

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₹3.6 L/yr - ₹5.3 L/yr

arrow icon 38% less
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Muthoot Microfin Area Manager Salary

5 - 9 years exp. (3 salaries)

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₹2.2 L/yr - ₹4.6 L/yr

arrow icon 46% less
Area Manager salary at Muthoot Fincorp ranges between ₹6.2 Lakhs to ₹9 Lakhs per year for employees with experience between 10 years to 18 years. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Area Manager in Kolkata

11mo ago
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15 years exp.
11mo ago
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12 years exp.
1y ago
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12 years exp.

Experience wise Muthoot Fincorp Area Manager salaries in Kolkata

Last Updated: 21 Apr 2024

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹13.2 L/yr
11 years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹13.2 L/yr
12 years  (3 salaries)

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₹6.7 L/yr - ₹8.3 L/yr
13 years (AmbitionBox Estimate)

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₹6.7 L/yr - ₹8.6 L/yr
14 years (AmbitionBox Estimate)

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₹6.7 L/yr - ₹8.6 L/yr
View all
Muthoot Fincorp Area Manager Salary and Career Growth

From

To

Area Manager

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9 - 20 years exp.

Senior Area Manager

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11 - 19 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Muthoot Fincorp

Branch Manager Salary
(56 salaries)
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₹2.3 L/yr - ₹5.25 L/yr

Top skills at Muthoot Fincorp for Area Manager

Business Development Sales Gold Loan Area Management Lead Management Lead Generation Banking Marketing Campaigns Calling Team Management Team Handling Insurance NBFC Profitability Cross Selling

Salary related reviews for Muthoot Fincorp

4.5

Rated by 5 employees for salary & benefits

BFSI, Investments & Trading Department

1.0
  •  posted on 26 May 2022

1.0
 for  Salary and Benefits

Likes

I had the worst experience of working in this company. No job security, no compensation,no company ethics, not following any rules related to employee job satisfaction,no salary structure. All are the Boss of the company. Salary cuts without intimation and without any reason. I won't advise anyone to waste his/her precious time in this company. Rather, I would suggest to sell vegetables than working in this company. This company is full of nasty politics .

read more

Dislikes

Nasty politics, favouritism,lack of ethics,no proper salary structure

  • Salary - Bad
  • +6 more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 22 Nov 2024

4.0
 for  Salary and Benefits

Likes

This is a good company for work. We have the job security for all staff. And good office time.

  • Salary - Good
  • +6 more

Dislikes

Rate of interest to be change in one month the customers who not because every customer not able to pay every month continuously . so give some relaxation for 3 months once compulsory..

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Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 22 Nov 2024

3.0
 for  Salary and Benefits

Likes

Fix office timing and supportive staff

  • Skill development - Good
  • +1 more

Dislikes

... business targets, fostering customer relationships, and mentoring team members. However, I wish to highlight a concern regarding the disparity in salary increments and promotion benefits between vintage staff and newly recruited employees. Over the years, I have observed that long-serving employees, despite their proven track records and dedication, often receive comparatively modest increments during promotions. In contrast, newly recruited staff members are offered higher starting salaries and enjoy more substantial increments as they progress. This practice can sometimes lead to feelings of undervaluation among vintage staff, who have consistently demonstrated loyalty, expertise, and a deep understanding of the organization’s values and processes. It may also impact overall motivation and morale, as the efforts of long-term employees appear to be less recognized in monetary terms compared to newcomers. I believe Muthoot Fincorp values its employees and strives for fairness in its policies. Therefore, I would like to suggest that the organization considers implementing a more balanced approach to increments and promotions, taking into account both tenure and performance. This would not only enhance the morale of long-serving employees but also reinforce their commitment to the company's continued success. Thank you for providing this platform to share feedback. I trust that the management will give due consideration to this matter and take steps to ensure a fair and equitable workplace for all.

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Full Time

 · 

Sales & Business Development Department

4.0
  •  posted on 07 Nov 2024

4.0
 for  Salary and Benefits

Likes

Work environment is good. Work life balance is good. Salary is satisfying and seniors are supportive. Best for career oriented person.

read more
  • Salary - Good
  • +6 more

Dislikes

Monday to Saturday office. Less festival leave like in deepawali and chath pooja.

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 07 Nov 2024

2.0
 for  Salary and Benefits

Likes

MFL is giving opportunities to show your hidden talent like blue waves

  • Skill development - Excellent
  • +4 more

Dislikes

Salary structure is not good , i am working since 2015 but there is no enhancement like other NBFC nd Bank 's salary structure.no advantage for vintage staff even new staff getting nyc salary package.

read more
  • Salary - Poor
see more salary related reviews

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Muthoot Fincorp Area Manager Salary FAQs

What is the salary of Area Manager at Muthoot Fincorp in Kolkata?
The average salary of a Area Manager at Muthoot Fincorp in Kolkata typically ranges from ₹6.2 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 10 years to 18 years).

The top 10% of Area Manager in Kolkata at Muthoot Fincorp earn more than ₹8.8 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Area Manager Salaries at Muthoot Fincorp 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 8 Muthoot Fincorp employees in India.
What is the estimated take home salary of a Area Manager at Muthoot Fincorp in Kolkata?
The estimated take-home salary of a Area Manager at Muthoot Fincorp in Kolkata typically ranges from ₹55,771 to ₹57,168 per month. This is based on the average salary range of ₹6.2 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 10 years to 18 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 8 salaries received from various employees of Muthoot Fincorp. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Area Manager at Muthoot Fincorp in Kolkata?
To be a Area Manager at Muthoot Fincorp in Kolkata, the key skills required include:

  • - Business Development
  • - Sales
  • - Gold Loan
  • - Area Management
  • - Lead Management

These skills are highly valued at Muthoot Fincorp and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Muthoot Fincorp for Area Manager in India?
TVS Credit ₹11.0 Lakhs to ₹18.7 Lakhs per year
Mahindra Finance ₹4.0 Lakhs to ₹9.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Muthoot Fincorp, depending on the role and experience level.
What is the salary of a Area Manager in companies similar to Muthoot Fincorp in Kolkata?
The salary of a Area Manager at companies similar to Muthoot Fincorp in Kolkata varies, depending on the role, experience, and company size. Here are the typical salary ranges:

CreditAccess Grameen ₹4.8 Lakhs to ₹7.0 Lakhs per year
Manappuram Finance ₹3.5 Lakhs to ₹5.9 Lakhs per year
Asirvad Microfinance ₹3.6 Lakhs to ₹5.3 Lakhs per year
Muthoot Microfin ₹2.2 Lakhs to ₹4.6 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 Area Manager at Muthoot Fincorp in Kolkata?
The salary growth for a Area Manager at Muthoot Fincorp in Kolkata depends on factors such as experience, performance, and promotions. On average, a Area Manager in Kolkata can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
10 years ₹6.8 Lakhs to ₹13.2 Lakhs per year
11 years ₹6.8 Lakhs to ₹13.2 Lakhs per year
12 years ₹6.7 Lakhs to ₹8.3 Lakhs per year
13 years ₹6.7 Lakhs to ₹8.6 Lakhs per year
and so on.

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Muthoot Fincorp Area Manager salary in Kolkata ranges between ₹6.2 Lakhs to ₹9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.