Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Muthoot Fincorp Team. If you also belong to the team, you can get access from here

Muthoot Fincorp Verified Tick

Compare button icon Compare button icon Compare
filter salariesFilter salaries by

Muthoot Fincorp Cluster Manager salaries in Bangalore / Bengaluru

Annual salary range
10 - 14 years exp.
₹5.2 Lakhs - ₹10.5 Lakhs
Salary of majority employees
unlock blur
unlock blur

30% less than the average Cluster Manager Salary in NBFC Companies for 10 - 14 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Cluster Manager Salary
11 - 14 years exp. (4 salaries)
unlock-blur

₹6.2 L/yr - ₹10.5 L/yr

BFSI, Investments & Trading
Cluster Manager Salary
10 - 14 years exp. (AmbitionBox Estimate)
unlock-blur

₹5.2 L/yr - ₹6.6 L/yr

Last Updated: 20 Dec 2024

Companies similar to Muthoot Fincorp for Cluster Manager in Bangalore / Bengaluru

Logo
Muthoot Fincorp Cluster Manager Salary

10 - 14 years exp. (6 salaries)

unlock blur

₹5.2 L/yr - ₹10.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
Logo
Muthoot Finance Cluster Manager Salary

8 - 14 years exp. (8 salaries)

unlock blur

₹4.4 L/yr - ₹11 L/yr

arrow icon 2% more
4 job openings
unlock blur

₹3.6 L/yr - ₹6 L/yr

arrow icon 22% less
unlock blur

₹6.5 L/yr - ₹7.5 L/yr

arrow icon 1% less
Logo
Mahindra Finance Cluster Manager Salary

10 - 16 years exp. (3 salaries)

unlock blur

₹7.5 L/yr - ₹11.7 L/yr

arrow icon 52% more
Logo
Reliance Retail Cluster Manager Salary

8 - 20 years exp. (39 salaries)

unlock blur

₹5.3 L/yr - ₹20 L/yr

arrow icon 77% more
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 6 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Cluster Manager in Bangalore / Bengaluru

3mo ago
avg blur mobile
14 years exp.
3mo ago
avg blur mobile
13 years exp.
3mo ago
avg blur mobile
12 years exp.
1y ago
avg blur mobile
11 years exp.
1y ago
avg blur mobile
14 years exp.

Experience wise Muthoot Fincorp Cluster Manager salaries in Bangalore / Bengaluru

Last Updated: 20 Dec 2024

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

unlock blur

₹6.1 L/yr - ₹7.8 L/yr
11 years (AmbitionBox Estimate)

unlock blur

₹6.1 L/yr - ₹7.8 L/yr
12 years (AmbitionBox Estimate)

unlock blur

₹6.1 L/yr - ₹7.8 L/yr
13 years (AmbitionBox Estimate)

unlock blur

₹6.1 L/yr - ₹7.9 L/yr
14 years (AmbitionBox Estimate)

unlock blur

₹6.1 L/yr - ₹7.9 L/yr

Similar Designation salaries in Muthoot Fincorp

Branch Manager Salary
(76 salaries)
unlock blur
₹1.8 L/yr - ₹6 L/yr
Area Manager Salary
(7 salaries)
unlock blur
₹6.38 L/yr - ₹9 L/yr
Sales Manager Salary
(4 salaries)
unlock blur
₹4.15 L/yr - ₹5.7 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

3.3

Rated by 3 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
see more salary related reviews

Discover interview dos and don'ts from real experiences

Muthoot Fincorp Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Muthoot Fincorp in Bangalore / Bengaluru?
The average salary of a Cluster Manager at Muthoot Fincorp in Bangalore / Bengaluru 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 in Bangalore / Bengaluru at Muthoot Fincorp earn more than ₹10.2 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 6 Muthoot Fincorp employees in India.
What is the estimated take home salary of a Cluster Manager at Muthoot Fincorp in Bangalore / Bengaluru?
The estimated take-home salary of a Cluster Manager at Muthoot Fincorp in Bangalore / Bengaluru typically ranges from ₹52,195 to ₹53,425 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 6 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 in Bangalore / Bengaluru?
To be a Cluster Manager at Muthoot Fincorp in Bangalore / Bengaluru, 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?
Reliance Retail ₹5.3 Lakhs to ₹20.0 Lakhs per year
Mahindra Finance ₹7.5 Lakhs to ₹11.7 Lakhs per year
Muthoot Finance ₹4.4 Lakhs to ₹11.0 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 Manager in companies similar to Muthoot Fincorp in Bangalore / Bengaluru?
The salary of a Cluster Manager at companies similar to Muthoot Fincorp in Bangalore / Bengaluru varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bharat Financial Inclusion ₹6.5 Lakhs to ₹7.5 Lakhs per year
Spandana Sphoorty Financial ₹3.6 Lakhs to ₹6.0 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 Bangalore / Bengaluru?
The salary growth for a Cluster Manager at Muthoot Fincorp in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Cluster Manager in Bangalore / Bengaluru can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
10 years ₹6.1 Lakhs to ₹7.8 Lakhs per year
11 years ₹6.1 Lakhs to ₹7.8 Lakhs per year
12 years ₹6.1 Lakhs to ₹7.8 Lakhs per year
13 years ₹6.1 Lakhs to ₹7.9 Lakhs per year
and so on.

Tell us how to improve this page.

Muthoot Fincorp Cluster Manager salary in Bangalore / Bengaluru ranges between ₹5.2 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.