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
Manappuram Finance BM Salary 2 - 12 years exp. (4 salaries)	₹3.6 L/yr - ₹4.6 L/yr 4% more
L&T Finance BM Salary 3 - 9 years exp. (11 salaries)	₹3.2 L/yr - ₹5.7 L/yr 18% more
Login to view exact salary
HDB Financial Services BM Salary 10 - 11 years exp. (3 salaries)	₹5.2 L/yr - ₹6.3 L/yr 46% more
Tata Capital BM Salary 6 - 10 years exp. (4 salaries)	₹3 L/yr - ₹7.6 L/yr 37% more
Mahindra Rural Housing Finance BM Salary 5 - 11 years exp. (12 salaries)	₹2.6 L/yr - ₹5 L/yr 19% more
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
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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 - 5 years exp. (3 salaries)	₹3 L/yr - ₹3.7 L/yr 12% less
SK Finance Limited BM Salary 5 - 6 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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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

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 my previous org.

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Muthoot Fincorp BM Salary FAQs

What is the salary of BM at Muthoot Fincorp?

BM salary at Muthoot Fincorp in India ranges between ₹3.1 Lakhs to ₹4.0 Lakhs for experience between 4 years to 11 years. According to our estimates it is 33% less than the average BM Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Fincorp India.

How does the salary of a BM at Muthoot Fincorp India compare with the average salary range for this job?

The average salary of a BM at Muthoot Fincorp is 33% less than the average salary of a BM in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Fincorp to a BM in India?

Capri Global Capital BM Salary - ₹5.2 Lakhs to ₹8.5 Lakhs per year
Aavas Financiers BM Salary - ₹4.4 Lakhs to ₹7.0 Lakhs per year
Muthoot Finance BM Salary - ₹3.0 Lakhs to ₹5.9 Lakhs per year
HDB Financial Services BM Salary - ₹5.2 Lakhs to ₹6.3 Lakhs per year
SMFG India Credit BM Salary - ₹3.6 Lakhs to ₹7.5 Lakhs per year

What is the salary of a BM in companies similar to Muthoot Fincorp in India?

Tata Capital BM Salary - ₹3.0 Lakhs to ₹7.6 Lakhs per year
IIFL Finance BM Salary - ₹4.8 Lakhs to ₹6.0 Lakhs per year
Mahindra Rural Housing Finance BM Salary - ₹2.6 Lakhs to ₹5.0 Lakhs per year
L&T Finance BM Salary - ₹3.2 Lakhs to ₹5.7 Lakhs per year
Manappuram Finance BM Salary - ₹3.6 Lakhs to ₹4.6 Lakhs per year

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 ranges between ₹28,393 per month to ₹29,782 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp BM salary in India which ranges between ₹3.1 Lakhs to ₹4.0 Lakhs per year for employees with experience between 4 years to 11 years. Check how did we calculate take home salary?

What is the notice period for BM at Muthoot Fincorp?

According to AmbitionBox, 71% of the Muthoot Fincorp BMs reported a notice period of 3 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

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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.