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Muthoot Fincorp Cluster Business Manager salaries in India (Updated 2025)

Annual salary range
20 - 22 years exp.
₹16.2 Lakhs - ₹22.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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68% more than the average Cluster Business Manager Salary in NBFC Companies for 20 - 22 years of experience

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Salaries in different departments

Sales & Business Development
Cluster Business Manager Salary
21 - 22 years exp. (AmbitionBox Estimate)
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₹14.6 L/yr - ₹17.8 L/yr

Administration & Facilities
Cluster Business Manager Salary
20 years exp. (AmbitionBox Estimate)
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₹18.9 L/yr - ₹23.1 L/yr

Legal & Regulatory
Cluster Business Manager Salary
21 years exp. (AmbitionBox Estimate)
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₹20.3 L/yr - ₹24.8 L/yr

Last Updated: 8 Feb 2025

Companies similar to Muthoot Fincorp for Cluster Business Manager

Company name Avg Annual Salary Open Jobs
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₹4.9 L/yr - ₹12.1 L/yr

arrow icon 52% less
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₹34.4 L/yr - ₹36 L/yr

arrow icon 83% more
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₹6.3 L/yr - ₹8.1 L/yr

arrow icon 62% less
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Muthoot Finance Cluster Business Manager Salary

12 - 20 years exp. (4 salaries)

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₹3.5 L/yr - ₹6.8 L/yr

arrow icon 72% less
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IIFL Finance Cluster Business Manager Salary

12 - 17 years exp. (3 salaries)

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₹8.5 L/yr - ₹11 L/yr

arrow icon 51% less
Cluster Business Manager salary at Muthoot Fincorp ranges between ₹16.2 Lakhs to ₹22.5 Lakhs per year for employees with experience between 20 years to 22 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Cluster Business Manager

3d ago
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21 years exp.
2w ago
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20 years exp.
3mo ago
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22 years exp.
8mo ago
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21 years exp.

Experience wise Muthoot Fincorp Cluster Business Manager salaries

Last Updated: 8 Feb 2025

Experience Avg Annual Salary
15+ years  (4 salaries)

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₹16.2 L/yr - ₹22.5 L/yr

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₹3 L/yr - ₹6.8 L/yr
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₹2.15 L/yr - ₹4.5 L/yr
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Salary related reviews for Muthoot Fincorp

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 09 Dec 2024

3.0
 for  Salary and Benefits

Likes

Working time is very comfortable... We can learn new things in every day.. We may be work in local...

  • Skill development - Excellent
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Dislikes

Other then CASA we are doing all banking product (nearby 23 products )but we get very low salary... Many of days Office system very hang... Need change the all old system....

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 · 

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.

read more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 08 Nov 2024

1.0
 for  Salary and Benefits

Likes

Jo ye km salary provide krte h wo on time dete h bs..

Dislikes

No promotion on time, no salary hike on time, no appreciations, too much work pressure, no understanding in company management, incentive plan is too much dum.

read more
  • Salary - Bad
  • +6 more

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

5.0
  •  posted on 07 Nov 2024

5.0
 for  Salary and Benefits

Likes

Good working culture and job security and good learning facilities available in organisation and good increament policy.

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  • Salary - Excellent
  • +6 more

Dislikes

Not promoting old employee and hiring out side person and giving him high salary also.

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Muthoot Fincorp Cluster Business Manager Salary FAQs

What is the salary of Cluster Business Manager at Muthoot Fincorp ?
The average salary of a Cluster Business Manager at Muthoot Fincorp in India typically ranges from ₹16.2 Lakhs to ₹22.5 Lakhs per year, depending on experience (from 20 years to 22 years).

The top 10% of Cluster Business Manager at Muthoot Fincorp earn more than ₹22.5 Lakhs per year, and the top 1% earn over ₹22.5 Lakhs per year. Cluster Business 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 4 Muthoot Fincorp employees in India.
What is the estimated take home salary of a Cluster Business Manager at Muthoot Fincorp in India?
The estimated take-home salary of a Cluster Business Manager at Muthoot Fincorp in India typically ranges from ₹1,26,288 to ₹1,30,382 per month. This is based on the average salary range of ₹16.2 Lakhs to ₹22.5 Lakhs per year for employees with experience ranging from 20 years to 22 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 4 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 Cluster Business Manager in India?
Sammaan Capital Limited ₹34.4 Lakhs to ₹36.0 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 Cluster Business Manager in companies similar to Muthoot Fincorp in India?
The salary of a Cluster Business Manager at companies similar to Muthoot Fincorp in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IIFL Finance ₹8.5 Lakhs to ₹11.0 Lakhs per year
SMFG India Credit ₹4.9 Lakhs to ₹12.1 Lakhs per year
Asirvad Microfinance ₹6.3 Lakhs to ₹8.1 Lakhs per year
Muthoot Finance ₹3.5 Lakhs to ₹6.8 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 Cluster Business Manager at Muthoot Fincorp in India?
The salary growth for a Cluster Business Manager at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Cluster Business Manager can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
15 years ₹16.2 Lakhs to ₹22.5 Lakhs per year
and so on.

Tell us how to improve this page.

Muthoot Fincorp Cluster Business Manager salary in India ranges between ₹16.2 Lakhs to ₹22.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.