Muthoot Fincorp Mumbai Assistant Manager Salaries by 10+ Employees (Updated 2025)

0 - 8 years exp.

₹2.1 Lakhs - ₹5 Lakhs

Salary of majority employees

56% less than the average Assistant Manager Salary in NBFC Companies for 0 - 8 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 0 - 7 years exp. (5 salaries)	₹2.1 L/yr - ₹3.9 L/yr
Finance & Accounting Assistant Manager Salary 3 - 5 years exp. (4 salaries)	₹2.1 L/yr - ₹5 L/yr
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Customer Success, Service & Operations Assistant Manager Salary 4 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹3.3 L/yr
Sales & Business Development Assistant Manager Salary 8 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.2 L/yr

Last Updated: 12 Feb 2025

Companies similar to Muthoot Fincorp for Assistant Manager in Mumbai

Muthoot Fincorp Assistant Manager Salary

0 - 8 years exp. (12 salaries)

₹2.1 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
L&T Finance Assistant Manager Salary 1 - 11 years exp. (119 salaries)	₹3.1 L/yr - ₹8.7 L/yr 70% more
IIFL Finance Assistant Manager Salary 0 - 12 years exp. (101 salaries)	₹2.4 L/yr - ₹6.4 L/yr 14% more
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SMFG India Credit Assistant Manager Salary 1 - 10 years exp. (100 salaries)	₹4.3 L/yr - ₹15 L/yr 136% more
Shriram Finance Assistant Manager Salary 0 - 15 years exp. (79 salaries)	₹2.4 L/yr - ₹5.8 L/yr 15% more	2 job openings
Ugro Capital Assistant Manager Salary 0 - 10 years exp. (52 salaries)	₹3.6 L/yr - ₹9.3 L/yr 76% more
Mahindra Finance Assistant Manager Salary 4 - 10 years exp. (49 salaries)	₹4 L/yr - ₹9.7 L/yr 61% more	2 job openings
Capri Global Capital Assistant Manager Salary 2 - 9 years exp. (39 salaries)	₹3.1 L/yr - ₹7.5 L/yr 55% more
Kotak Mahindra Prime Assistant Manager Salary 2 - 8 years exp. (33 salaries)	₹2.3 L/yr - ₹5 L/yr 1% more
Mahindra Rural Housing Finance Assistant Manager Salary 2 - 10 years exp. (30 salaries)	₹2.3 L/yr - ₹7.2 L/yr 30% more
Sammaan Capital Limited Assistant Manager Salary 5 - 13 years exp. (30 salaries)	₹3 L/yr - ₹10 L/yr 70% more
Manappuram Finance Assistant Manager Salary 1 - 7 years exp. (29 salaries)	₹1.2 L/yr - ₹6 L/yr 1% less	4 job openings
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LendingKart Assistant Manager Salary 0 - 13 years exp. (15 salaries)	₹3.2 L/yr - ₹8 L/yr 62% more
PNB Housing Finance Assistant Manager Salary 4 - 12 years exp. (13 salaries)	₹4.8 L/yr - ₹6.5 L/yr 59% more
Tata Capital Housing Finance Assistant Manager Salary 2 - 12 years exp. (13 salaries)	₹5.2 L/yr - ₹8.1 L/yr 60% more
Electronica Finance Assistant Manager Salary 1 - 8 years exp. (8 salaries)	₹4.5 L/yr - ₹6.4 L/yr 39% more
Aavas Financiers Assistant Manager Salary 2 - 9 years exp. (6 salaries)	₹2.8 L/yr - ₹7.7 L/yr 39% more
Poonawalla Fincorp Assistant Manager Salary 2 - 9 years exp. (6 salaries)	₹4 L/yr - ₹7 L/yr 53% more
Satin Creditcare Network Assistant Manager Salary 4 - 7 years exp. (4 salaries)	₹2.7 L/yr - ₹5.2 L/yr 15% more

Assistant Manager salary at Muthoot Fincorp ranges between ₹2.1 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 12 latest salaries received from various employees of Muthoot Fincorp.

Experience wise Muthoot Fincorp Assistant Manager salaries in Mumbai

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
1 year (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
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2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
4 years (3 salaries)	₹2 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
7 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
8 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr

View all

From

Assistant Manager

₹

Lakhs/yr

0 - 11 years exp.

Senior Area Manager

₹

Lakhs/yr

11 - 19 years exp.

Assistant Manager

0 - 11 years exp.

Branch Manager

2 - 16 years exp.

21% hike

Senior Branch Manager

7 - 18 years exp.

34% hike

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

(34 salaries)

₹2.05 L/yr - ₹6.35 L/yr

Assistant Branch Manager Salary

(11 salaries)

₹2.05 L/yr - ₹4 L/yr

Deputy Manager Salary

(5 salaries)

₹3.25 L/yr - ₹5 L/yr

Sales Manager Salary

(4 salaries)

₹3.8 L/yr - ₹5.4 L/yr

Top skills at Muthoot Fincorp for Assistant Manager

Ca Stakeholder Management Personal Loans Inter Recruitment

Salary related reviews for Muthoot Fincorp

3.5

Rated by 2 employees for salary & benefits

Assistant Manager in Palakkad

Full Time

Finance & Accounting Department

5.0

• posted on 07 Nov 2024

1.0

for Salary and Benefits

Likes

excellant suport from seniors, salary on time,im proud to be a mutootian.

Skill development - Excellent

+5 more

Dislikes

only one think its salary package. company have to look in to this matter. im working here from past 10 years then also im not getting the good packege as per my vintage and experience.This is the one and only problem with my company.

Salary - Bad

Assistant Manager in Kochi

Full Time

Quality Assurance Department

5.0

• posted on 07 Nov 2024

4.0

for Salary and Benefits

Likes

Muthoot Fincorp ltd ...is a growing company. Secure branch atmosphere. Satisfaction is important than anything when you do a job. I like my job and I am happy to do my work.

Salary - Good

+6 more

Dislikes

...ause money is not the only thing that makes people stay back in an organisation. Apart from good pay u need to provide them 3 things. 1. Give responsibilities to people that help them expand their skill set. 2 Recognition... just around of applause&prasing people makes them feel valued. Assures them that their efforts are being seen..Celebrate people, It goes long way. 3 Respect...If you disrespect people nobody is going to stay with you. High performing talent, as they know their value in the market.. Organisation have to concentrate these things and maintain a fearless and friendship atmosphere. It build mutual trust between employees and organisation.

Assistant Manager in Bangalore / Bengaluru

Full Time

Other Department

2.0

• posted on 09 Aug 2024

1.0

for Salary and Benefits

Likes

Company has good customer base

Job security - Good

Dislikes

There is no international promotions on time and not received sufficient hike and salary according to market standards.. external recruities are paid according to market standards ....

Salary - Bad

+4 more

Assistant Manager in If You Die Also They Won't Care

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 07 Aug 2023

1.0

for Salary and Benefits

Likes

Job security - Good

Dislikes

You will not able to understand you salary in this company it will not same. When you ask to HR they told check with Audit and when you check with Audit they told they don't know. If they deduct salary unnecessary. It will take 5-6 months to credit your account and if they pay extra they will deduct with interest

Salary - Bad

+3 more

Assistant Manager

Finance & Accounting Department

2.0

• posted on 20 Feb 2019

2.0

for Salary and Benefits

Likes

No career growth at all. Salary/appraisal based on service only and not on work. There is no work-life balance specially for field staff.

Dislikes

Career growth not at all important segment in this organisation and salary hike depends up on service/vintage

Salary - Poor

+2 more

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Muthoot Fincorp Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Muthoot Fincorp in Mumbai?

The average salary of a Assistant Manager at Muthoot Fincorp in Mumbai typically ranges from ₹2.1 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Assistant Manager in Mumbai at Muthoot Fincorp earn more than ₹4.4 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Assistant 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 10+ Muthoot Fincorp employees in India.

What is the estimated take home salary of a Assistant Manager at Muthoot Fincorp in Mumbai?

The estimated take-home salary of a Assistant Manager at Muthoot Fincorp in Mumbai typically ranges from ₹26,564 to ₹27,979 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher 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 10+ 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 Assistant Manager at Muthoot Fincorp in Mumbai?

To be a Assistant Manager at Muthoot Fincorp in Mumbai, the key skills required include:

- Ca
- Stakeholder Management
- Personal Loans
- Inter
- Recruitment

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 Assistant Manager in India?

SMFG India Credit	₹4.3 Lakhs to ₹15.0 Lakhs per year
Ugro Capital	₹3.6 Lakhs to ₹9.3 Lakhs per year
L&T Finance	₹3.1 Lakhs to ₹8.7 Lakhs per year
Sammaan Capital Limited	₹3.0 Lakhs to ₹10.0 Lakhs per year
LendingKart	₹3.2 Lakhs to ₹8.0 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 Assistant Manager in companies similar to Muthoot Fincorp in Mumbai?

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

Mahindra Finance	₹4.0 Lakhs to ₹9.7 Lakhs per year
Tata Capital Housing Finance	₹5.2 Lakhs to ₹8.1 Lakhs per year
PNB Housing Finance	₹4.8 Lakhs to ₹6.5 Lakhs per year
Capri Global Capital	₹3.1 Lakhs to ₹7.5 Lakhs per year
Poonawalla Fincorp	₹4.0 Lakhs to ₹7.0 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 Assistant Manager at Muthoot Fincorp in Mumbai?

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

Experience	Average Salary Range
Fresher	₹3.1 Lakhs to ₹4.0 Lakhs per year
1 year	₹3.1 Lakhs to ₹4.0 Lakhs per year
2 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
3 years	₹3.2 Lakhs to ₹4.1 Lakhs per year

and so on.

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Muthoot Fincorp Assistant Manager Salaries in Mumbai

Muthoot Fincorp Assistant Manager salary in Mumbai ranges between ₹2.1 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.