Muthoot Fincorp BM Salaries by 8 Employees

4 - 11 years exp.

₹3.1 Lakhs - ₹4 Lakhs

Low Confidence

Salary of majority employees

33% less than the average BM Salary in NBFC Companies for 4 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading BM Salary 5 - 11 years exp. (5 salaries)	₹3.3 L/yr - ₹3.8 L/yr
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Sales & Business Development BM Salary 7 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.6 L/yr

Last Updated: 27 Feb 2024

Companies similar to Muthoot Fincorp for BM

Company name	Avg Annual Salary	Open Jobs
Mahindra Rural Housing Finance BM Salary 5 - 11 years exp. (12 salaries)	₹2.6 L/yr - ₹5 L/yr 19% more
L&T Finance BM Salary 3 - 9 years exp. (11 salaries)	₹3.2 L/yr - ₹5.7 L/yr 18% more
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Aavas Financiers BM Salary 4 - 10 years exp. (9 salaries)	₹4.4 L/yr - ₹7 L/yr 51% more
Muthoot Finance BM Salary 5 - 10 years exp. (8 salaries)	₹3 L/yr - ₹5.9 L/yr 49% more
IIFL Finance BM Salary 5 - 11 years exp. (6 salaries)	₹4.8 L/yr - ₹6 L/yr 34% more
Capri Global Capital BM Salary 5 - 9 years exp. (5 salaries)	₹5.2 L/yr - ₹8.5 L/yr 78% more
CreditAccess Grameen BM Salary 3 - 10 years exp. (5 salaries)	₹2.7 L/yr - ₹4.4 L/yr 8% less
Satin Creditcare Network BM Salary 4 - 8 years exp. (4 salaries)	₹3.2 L/yr - ₹4 L/yr 8% less
Manappuram Finance BM Salary 2 - 12 years exp. (4 salaries)	₹3.6 L/yr - ₹4.6 L/yr 4% more
Asirvad Microfinance BM Salary 2 - 5 years exp. (4 salaries)	₹2.2 L/yr - ₹2.5 L/yr 39% less
Spandana Sphoorty Financial BM Salary 2 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹3.4 L/yr 31% less
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MAS Financial Services BM Salary 1 - 14 years exp. (4 salaries)	₹3.5 L/yr - ₹5 L/yr 10% more
SMFG India Credit BM Salary 8 - 15 years exp. (4 salaries)	₹3.6 L/yr - ₹7.5 L/yr 43% more
Muthoot Microfin BM Salary 4 - 6 years exp. (3 salaries)	₹3 L/yr - ₹3.7 L/yr 12% less
Five-Star Business Finance BM Salary 9 - 10 years exp. (3 salaries)	₹3 L/yr - ₹4.5 L/yr 13% less
SK Finance Limited BM Salary 5 - 7 years exp. (3 salaries)	₹3.6 L/yr - ₹3.8 L/yr 4% less

BM salary at Muthoot Fincorp ranges between ₹3.1 Lakhs to ₹4 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Fincorp.

Experience wise Muthoot Fincorp BM salaries

Last Updated: 27 Feb 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.1 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.1 L/yr
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6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
9 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹6.9 L/yr
10 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.9 L/yr
11 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.8 L/yr

View all

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Salary related reviews for Muthoot Fincorp

3.0

Rated by 1 employees for salary & benefits

Customer Service Executive in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 Dec 2024

5.0

for Salary and Benefits

Likes

The opportunities for continuous learning and professional development & salary credited on time.

Salary - Excellent

+5 more

Dislikes

Company is great no dought ,I am working here last 1.5 years and I see some people have two faces and changing their own words according to the situation. All over great !

Senior Customer Service Executive in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 Dec 2024

3.0

for Salary and Benefits

Likes

Working timing is good, and salary is always come on time.

Job security - Good

+2 more

Dislikes

In this company salary increment is done according to the outstanding of the branch, so the new staff who join in a smaller branch will not get any benefit. If increment is done according to the outstanding of the branch then the vintage staff should get a bigger branch according to their individual score card or there should be shuffling of all employees every 2 years.

Promotions - Bad

Senior Customer Service Executive in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 Dec 2024

4.0

for Salary and Benefits

Likes

Working timing is good, Salary come on time , great place for girls as they get job nearest to home

Salary - Good

+2 more

Dislikes

Working culture is toxic in some branches as there is lot of gap between management and employees. Employees do not able to contact HR for their problems. Appraisal and increment is not good as only buttering people get that.

Promotions - Poor

BD Executive in Mysuru / Mysore

Full Time

Sales & Business Development Department

1.0

• posted on 14 Dec 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

I am not satisfied with the company and also company salary I am working hard but the salary not high from last from 1 year but target is very high lot of pressure totally not happy with this enviornment

Salary - Bad

+6 more

Business Development Officer in Bhopal

Full Time

Sales & Business Development Department

5.0

• posted on 26 Nov 2024

5.0

for Salary and Benefits

Likes

The company is very good, I like the company a lot but my salary is very low, that's why I am a little angry because my salary is low

Salary - Excellent

+6 more

Dislikes

I do not want to dislike anything but I want to tell you that I am a business development officer but my salary package is very low. I am working here on a very low salary.

see more salary related reviews

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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 BM Salary FAQs

What is the salary of BM at Muthoot Fincorp ?

The average salary of a BM at Muthoot Fincorp in India typically ranges from ₹3.1 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 4 years to 11 years).

The top 10% of BM at Muthoot Fincorp earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. BM 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 BM at Muthoot Fincorp in India?

The estimated take-home salary of a BM at Muthoot Fincorp in India typically ranges from ₹28,393 to ₹29,782 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 4 years to 11 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.

Which companies offer higher salaries than Muthoot Fincorp for BM in India?

Capri Global Capital	₹5.2 Lakhs to ₹8.5 Lakhs per year
Aavas Financiers	₹4.4 Lakhs to ₹7.0 Lakhs per year
Muthoot Finance	₹3.0 Lakhs to ₹5.9 Lakhs per year
SMFG India Credit	₹3.6 Lakhs to ₹7.5 Lakhs per year
IIFL Finance	₹4.8 Lakhs to ₹6.0 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 BM in companies similar to Muthoot Fincorp in India?

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

Mahindra Rural Housing Finance	₹2.6 Lakhs to ₹5.0 Lakhs per year
L&T Finance	₹3.2 Lakhs to ₹5.7 Lakhs per year
MAS Financial Services	₹3.5 Lakhs to ₹5.0 Lakhs per year
Manappuram Finance	₹3.6 Lakhs to ₹4.6 Lakhs per year
SK Finance Limited	₹3.6 Lakhs to ₹3.8 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 BM at Muthoot Fincorp in India?

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

Experience	Average Salary Range
4 years	₹3.5 Lakhs to ₹7.1 Lakhs per year
5 years	₹3.5 Lakhs to ₹7.1 Lakhs per year
6 years	₹3.5 Lakhs to ₹4.5 Lakhs per year
7 years	₹3.3 Lakhs to ₹4.0 Lakhs per year

and so on.

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Muthoot Fincorp BM Salaries

Muthoot Fincorp BM salary in India ranges between ₹3.1 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.