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Muthoot Fincorp Cluster Manager salaries in India

Annual salary range
10 - 14 years exp.
₹5.2 Lakhs - ₹10.5 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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28% less than the average Cluster Manager Salary in NBFC Companies for 10 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Cluster Manager Salary
10 - 14 years exp. (6 salaries)
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₹5.2 L/yr - ₹7.1 L/yr

Sales & Business Development
Cluster Manager Salary
11 - 14 years exp. (4 salaries)
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₹6.2 L/yr - ₹10.5 L/yr

Last Updated: 20 Dec 2024

Companies similar to Muthoot Fincorp for Cluster Manager

Company name Avg Annual Salary Open Jobs
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Manappuram Finance Cluster Manager Salary

14 - 16 years exp. (4 salaries)

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₹6.6 L/yr - ₹9.5 L/yr

arrow icon 24% more
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Bajaj Finance Cluster Manager Salary

5 - 17 years exp. (312 salaries)

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₹8.8 L/yr - ₹29.5 L/yr

arrow icon 188% more
108 job openings
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Mahindra Finance Cluster Manager Salary

8 - 19 years exp. (34 salaries)

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₹6.5 L/yr - ₹16 L/yr

arrow icon 56% more
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₹9.6 L/yr - ₹13 L/yr

arrow icon 58% more
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L&T Finance Cluster Manager Salary

3 - 12 years exp. (8 salaries)

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₹4.2 L/yr - ₹8.1 L/yr

arrow icon 4% less
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HDB Financial Services Cluster Manager Salary

10 - 23 years exp. (232 salaries)

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₹9.5 L/yr - ₹25 L/yr

arrow icon 162% more
6 job openings
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Reliance Capital Cluster Manager Salary

7 - 15 years exp. (7 salaries)

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₹9 L/yr - ₹13.4 L/yr

arrow icon 69% more
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Edelweiss Cluster Manager Salary

11 - 15 years exp. (4 salaries)

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₹16 L/yr - ₹17.1 L/yr

arrow icon 153% more
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Tata Capital Cluster Manager Salary

6 - 16 years exp. (22 salaries)

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₹6.5 L/yr - ₹15.5 L/yr

arrow icon 84% more
1 job opening
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Muthoot Finance Cluster Manager Salary

8 - 20 years exp. (145 salaries)

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₹4 L/yr - ₹10.6 L/yr

arrow icon 6% more
3 job openings
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₹3.2 L/yr - ₹7.2 L/yr

arrow icon 19% less
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SMFG India Credit Cluster Manager Salary

7 - 19 years exp. (78 salaries)

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₹5 L/yr - ₹21 L/yr

arrow icon 76% more
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₹5.3 L/yr - ₹8.4 L/yr

arrow icon 3% more
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Kotak Mahindra Prime Cluster Manager Salary

7 - 17 years exp. (19 salaries)

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₹6.5 L/yr - ₹11.5 L/yr

arrow icon 50% more
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IIFL Finance Cluster Manager Salary

3 - 15 years exp. (17 salaries)

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₹3.7 L/yr - ₹7.5 L/yr

arrow icon 8% less
1 job opening
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SK Finance Limited Cluster Manager Salary

9 - 15 years exp. (13 salaries)

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₹5.8 L/yr - ₹15 L/yr

arrow icon 59% more
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Poonawalla Fincorp Cluster Manager Salary

9 - 16 years exp. (7 salaries)

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₹12 L/yr - ₹21.5 L/yr

arrow icon 132% more
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Asirvad Microfinance Cluster Manager Salary

12 - 17 years exp. (6 salaries)

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₹7 L/yr - ₹10 L/yr

arrow icon 39% more
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₹3.4 L/yr - ₹11 L/yr

arrow icon 5% more
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Aavas Financiers Cluster Manager Salary

7 - 15 years exp. (6 salaries)

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₹7 L/yr - ₹13 L/yr

arrow icon 32% more
View all
Cluster Manager salary at Muthoot Fincorp ranges between ₹5.2 Lakhs to ₹10.5 Lakhs per year for employees with experience between 10 years to 14 years. Salary estimates are based on 10 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Cluster Manager

3mo ago
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14 years exp.
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13 years exp.
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12 years exp.
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13 years exp.
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12 years exp.
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11 years exp.
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14 years exp.

Experience wise Muthoot Fincorp Cluster Manager salaries

Last Updated: 20 Dec 2024

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹5.2 L/yr - ₹11.9 L/yr
11 years (AmbitionBox Estimate)

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₹6.2 L/yr - ₹11.9 L/yr
12 years  (3 salaries)

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₹6.1 L/yr - ₹11.9 L/yr
13 years (AmbitionBox Estimate)

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₹6.6 L/yr - ₹7.5 L/yr
14 years  (3 salaries)

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₹5.2 L/yr - ₹10.5 L/yr

Similar Designation salaries in Muthoot Fincorp

Store Manager Salary
(4 salaries)
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₹2 L/yr - ₹10 L/yr
Cluster Head Salary
(AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr
Area Manager Salary
(218 salaries)
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₹3.2 L/yr - ₹10.1 L/yr
Deputy Manager Salary
(69 salaries)
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₹2.75 L/yr - ₹7.9 L/yr
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₹3.5 L/yr - ₹8 L/yr
Sales Manager Salary
(61 salaries)
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₹3 L/yr - ₹6.8 L/yr
Branch Manager Salary
(616 salaries)
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₹1.8 L/yr - ₹6.65 L/yr
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₹6.74 L/yr - ₹9.59 L/yr
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₹6 L/yr - ₹9.3 L/yr
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₹2.15 L/yr - ₹4.5 L/yr

Top skills at Muthoot Fincorp for Cluster Manager

Forex Sales Forex Trading Team Handling Foreign Exchange Forex Trading Sales Business Development Remittances Customer Acquisition Forex FX Forex Operations Lead Generation Team Management

Salary related reviews for Muthoot Fincorp

4.2

Rated by 17 employees for salary & benefits

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.

read 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

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

Full Time

 · 

Other Department

4.0
  •  posted on 02 Sep 2024

4.0
 for  Salary and Benefits

Likes

Salary COVID period also credited on time.public service low interest launch in every year for the new customer.new customer gifts we are providing mostly.

read more
  • Salary - Good
  • +6 more

Dislikes

COVID period I am pregnancy in 8th month.that time I am suffer COVID symptom.but they are not even given a single day leave. I manage and put a hard work in that time.no increment my survey period.

read more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 02 Apr 2020

4.0
 for  Salary and Benefits

Likes

It's a family feeling while working with our company. we are receiving calls from our higher officers and this time not for targets but asking about health conditions and suggesting about precautions to be taken.. Feeling good

read more
  • Salary - Good
  • +6 more

Dislikes

Nothing, but ya little disappointment about salary increments. Of course it's based on performance even though.....

read more
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Muthoot Fincorp Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Muthoot Fincorp ?
The average salary of a Cluster Manager at Muthoot Fincorp in India typically ranges from ₹5.2 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 10 years to 14 years).

The top 10% of Cluster Manager at Muthoot Fincorp earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. Cluster 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 Cluster Manager at Muthoot Fincorp in India?
The estimated take-home salary of a Cluster Manager at Muthoot Fincorp in India typically ranges from ₹50,604 to ₹51,798 per month. This is based on the average salary range of ₹5.2 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 10 years to 14 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 Cluster Manager at Muthoot Fincorp ?
To be a Cluster Manager at Muthoot Fincorp in india, the key skills required include:

  • - Forex
  • - Sales
  • - Forex Trading
  • - Team Handling
  • - Foreign Exchange

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 Cluster Manager in India?
Bajaj Finance ₹8.8 Lakhs to ₹29.5 Lakhs per year
HDB Financial Services ₹9.5 Lakhs to ₹25.0 Lakhs per year
Edelweiss ₹16.0 Lakhs to ₹17.1 Lakhs per year
Poonawalla Fincorp ₹12.0 Lakhs to ₹21.5 Lakhs per year
Capri Global Capital ₹11.0 Lakhs to ₹17.5 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 Manager in companies similar to Muthoot Fincorp in India?
The salary of a Cluster Manager at companies similar to Muthoot Fincorp in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata Capital Housing Finance ₹7.3 Lakhs to ₹17.7 Lakhs per year
Tata Capital ₹6.5 Lakhs to ₹15.5 Lakhs per year
PNB Housing Finance ₹5.0 Lakhs to ₹17.3 Lakhs per year
SMFG India Credit ₹5.0 Lakhs to ₹21.0 Lakhs per year
Reliance Capital ₹9.0 Lakhs to ₹13.4 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 Manager at Muthoot Fincorp in India?
The salary growth for a Cluster Manager at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Cluster Manager can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
10 years ₹5.2 Lakhs to ₹11.9 Lakhs per year
11 years ₹6.2 Lakhs to ₹11.9 Lakhs per year
12 years ₹6.1 Lakhs to ₹11.9 Lakhs per year
13 years ₹6.6 Lakhs to ₹7.5 Lakhs per year
and so on.

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Muthoot Fincorp Cluster Manager salary in India ranges between ₹5.2 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.