Muthoot Fincorp Cluster Manager Salaries by 10 Employees (Updated 2025)

10 - 14 years exp.

₹5.2 Lakhs - ₹10.5 Lakhs

Low Confidence

Salary of majority employees

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26% 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)	Unlock ₹5.2 L/yr - ₹7.1 L/yr
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Sales & Business Development Cluster Manager Salary 11 - 14 years exp. (4 salaries)	Unlock ₹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
Manappuram Finance Cluster Manager Salary 14 - 16 years exp. (4 salaries)	Unlock ₹6.6 L/yr - ₹9.5 L/yr 21% more
Bajaj Finance Cluster Manager Salary 5 - 14 years exp. (302 salaries)	Unlock ₹8.1 L/yr - ₹29.5 L/yr 185% more	37 job openings
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Mahindra Finance Cluster Manager Salary 8 - 19 years exp. (34 salaries)	Unlock ₹6.5 L/yr - ₹16 L/yr 53% more
Cholamandalam Investment & Finance Cluster Manager Salary 13 - 15 years exp. (4 salaries)	Unlock ₹9.6 L/yr - ₹13 L/yr 54% more
L&T Finance Cluster Manager Salary 3 - 12 years exp. (8 salaries)	Unlock ₹4.2 L/yr - ₹8.1 L/yr 6% less
HDB Financial Services Cluster Manager Salary 10 - 23 years exp. (240 salaries)	Unlock ₹9.5 L/yr - ₹26 L/yr 158% more	4 job openings
Reliance Capital Cluster Manager Salary 7 - 15 years exp. (7 salaries)	Unlock ₹9 L/yr - ₹13.4 L/yr 65% more
Edelweiss Cluster Manager Salary 11 - 14 years exp. (4 salaries)	Unlock ₹16 L/yr - ₹17.1 L/yr 147% more
Tata Capital Cluster Manager Salary 6 - 16 years exp. (22 salaries)	Unlock ₹6.5 L/yr - ₹15.5 L/yr 80% more	2 job openings
Muthoot Finance Cluster Manager Salary 8 - 20 years exp. (144 salaries)	Unlock ₹4 L/yr - ₹9.8 L/yr 4% more	2 job openings
SMFG India Credit Cluster Manager Salary 8 - 19 years exp. (72 salaries)	Unlock ₹5 L/yr - ₹21 L/yr 78% more
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Bharat Financial Inclusion Cluster Manager Salary 0 - 9 years exp. (58 salaries)	Unlock ₹5.3 L/yr - ₹8.4 L/yr 1% less
Kotak Mahindra Prime Cluster Manager Salary 7 - 17 years exp. (19 salaries)	Unlock ₹6.5 L/yr - ₹11.5 L/yr 47% more
IIFL Finance Cluster Manager Salary 3 - 15 years exp. (17 salaries)	Unlock ₹3.7 L/yr - ₹7.5 L/yr 10% less	1 job opening
SK Finance Limited Cluster Manager Salary 9 - 15 years exp. (13 salaries)	Unlock ₹5.8 L/yr - ₹15 L/yr 55% more
Poonawalla Fincorp Cluster Manager Salary 9 - 16 years exp. (7 salaries)	Unlock ₹12 L/yr - ₹21.5 L/yr 127% more
Mahindra Rural Housing Finance Cluster Manager Salary 6 - 13 years exp. (6 salaries)	Unlock ₹3.4 L/yr - ₹11 L/yr 3% more
Aavas Financiers Cluster Manager Salary 7 - 15 years exp. (6 salaries)	Unlock ₹7 L/yr - ₹13 L/yr 29% more
CreditAccess Grameen Cluster Manager Salary 7 - 17 years exp. (6 salaries)	Unlock ₹2.2 L/yr - ₹4.3 L/yr 49% less
Capri Global Capital Cluster Manager Salary 14 - 17 years exp. (5 salaries)	Unlock ₹11 L/yr - ₹17.5 L/yr 122% more

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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

2mo ago

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14 years exp.

2mo ago

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13 years exp.

2mo ago

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12 years exp.

6mo ago

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13 years exp.

10mo ago

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12 years exp.

1y ago

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11 years exp.

1y ago

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14 years exp.

1y ago

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10 years exp.

1y ago

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12 years exp.

1y ago

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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)	Unlock ₹5.2 L/yr - ₹12.3 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹6.2 L/yr - ₹12.3 L/yr
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12 years (3 salaries)	Unlock ₹6.1 L/yr - ₹12.2 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹6.6 L/yr - ₹7.5 L/yr
14 years (3 salaries)	Unlock ₹5.2 L/yr - ₹10.5 L/yr

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Territory Manager Salary

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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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₹2.05 L/yr - ₹5.4 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

Branch Manager in Agra

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.

Branch Manager in Patna

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.

Salary - Good

+6 more

Dislikes

Monday to Saturday office. Less festival leave like in deepawali and chath pooja.

Branch Manager in New Delhi

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.

Salary - Poor

Branch Manager in Sulur

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.

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.

Branch Manager in Kothagudem

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

Salary - Good

+6 more

Dislikes

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

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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... read more

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Muthoot Fincorp Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Muthoot Fincorp?

Cluster Manager salary at Muthoot Fincorp in India ranges between ₹5.2 Lakhs to ₹10.5 Lakhs for experience between 10 years to 14 years. According to our estimates it is 26% less than the average Cluster Manager Salary in India. Salary estimates are based on 10 latest salaries received from various employees of Muthoot Fincorp India.

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

The average salary of a Cluster Manager at Muthoot Fincorp is 26% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Manager at Muthoot Fincorp?

Forex, Sales, Forex Trading, Team Handling and Foreign Exchange are some of the popular skills required to work as a Cluster Manager at Muthoot Fincorp India.

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

Bajaj Finance Cluster Manager Salary - ₹8.1 Lakhs to ₹29.5 Lakhs per year
HDB Financial Services Cluster Manager Salary - ₹9.5 Lakhs to ₹26.0 Lakhs per year
Edelweiss Cluster Manager Salary - ₹16.0 Lakhs to ₹17.1 Lakhs per year
Poonawalla Fincorp Cluster Manager Salary - ₹12.0 Lakhs to ₹21.5 Lakhs per year
Capri Global Capital Cluster Manager Salary - ₹11.0 Lakhs to ₹17.5 Lakhs per year

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

Tata Capital Housing Finance Cluster Manager Salary - ₹7.3 Lakhs to ₹17.7 Lakhs per year
Tata Capital Cluster Manager Salary - ₹6.5 Lakhs to ₹15.5 Lakhs per year
SMFG India Credit Cluster Manager Salary - ₹5.0 Lakhs to ₹21.0 Lakhs per year
Reliance Capital Cluster Manager Salary - ₹9.0 Lakhs to ₹13.4 Lakhs per year
SK Finance Limited Cluster Manager Salary - ₹5.8 Lakhs to ₹15.0 Lakhs per year

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 ranges between ₹51,884 per month to ₹53,107 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Cluster Manager salary in India which ranges between ₹5.2 Lakhs to ₹10.5 Lakhs per year for employees with experience between 10 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at Muthoot Fincorp?

According to AmbitionBox, 44% of the Muthoot Fincorp Cluster Managers reported a notice period of 1 Month, 39% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 18 responses on AmbitionBox in last 2 years.

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Muthoot Fincorp Cluster Manager Salaries

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