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Muthoot Fincorp Divisional Manager salaries in India

Annual salary range
2 - 12 years exp.
₹3.6 Lakhs - ₹8.7 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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71% less than the average Divisional Manager Salary in NBFC Companies for 2 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Divisional Manager Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.7 L/yr

Sales & Business Development
Divisional Manager Salary
10 - 12 years exp. (AmbitionBox Estimate)
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₹6.2 L/yr - ₹8.7 L/yr

Last Updated: 3 Jul 2024

Companies similar to Muthoot Fincorp for Divisional Manager

Company name Avg Annual Salary Open Jobs
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Mahindra Finance Divisional Manager Salary

9 - 22 years exp. (215 salaries)

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₹7.2 L/yr - ₹26 L/yr

arrow icon 236% more
1 job opening
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₹5.6 L/yr - ₹15.2 L/yr

arrow icon 79% more
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Muthoot Microfin Divisional Manager Salary

6 - 13 years exp. (37 salaries)

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₹3.5 L/yr - ₹7 L/yr

arrow icon 10% more
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Asirvad Microfinance Divisional Manager Salary

6 - 15 years exp. (29 salaries)

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₹3.8 L/yr - ₹7.2 L/yr

arrow icon 18% more
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Shriram Finance Divisional Manager Salary

9 - 17 years exp. (26 salaries)

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₹3.3 L/yr - ₹8.5 L/yr

arrow icon 17% more
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₹4.8 L/yr - ₹10 L/yr

arrow icon 29% more
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IIFL Finance Divisional Manager Salary

5 - 11 years exp. (8 salaries)

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₹3.5 L/yr - ₹8.5 L/yr

arrow icon 5% more
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L&T Finance Divisional Manager Salary

1 - 16 years exp. (7 salaries)

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₹6.4 L/yr - ₹15.7 L/yr

arrow icon 160% more
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₹5.5 L/yr - ₹6.1 L/yr

arrow icon 11% more
Divisional Manager salary at Muthoot Fincorp ranges between ₹3.6 Lakhs to ₹8.7 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Divisional Manager

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12 years exp.
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Experience wise Muthoot Fincorp Divisional Manager salaries

Last Updated: 3 Jul 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹8.4 L/yr
3 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹8.5 L/yr
4 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr
5 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹5.6 L/yr
6 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹5.7 L/yr
View all

Similar Designation salaries in Muthoot Fincorp

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₹8.25 L/yr - ₹14.65 L/yr
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₹3.5 L/yr - ₹8 L/yr
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₹3.55 L/yr - ₹6.25 L/yr
Branch Manager Salary
(614 salaries)
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₹1.8 L/yr - ₹6.65 L/yr
Area Manager Salary
(195 salaries)
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₹3.2 L/yr - ₹12 L/yr
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₹6.02 L/yr - ₹6.62 L/yr
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₹2.05 L/yr - ₹4.5 L/yr
Deputy Manager Salary
(69 salaries)
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₹2.75 L/yr - ₹7.9 L/yr
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₹6.74 L/yr - ₹9.59 L/yr
Sales Manager Salary
(61 salaries)
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₹3 L/yr - ₹6.8 L/yr

Top skills at Muthoot Fincorp for Divisional Manager

Process Training New Product Product Training Switching Excel Training Management Training Coordination Soft Skills Induction Training Capacity Building

Salary related reviews for Muthoot Fincorp

5.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 22 Nov 2024

4.0
 for  Salary and Benefits

Likes

This is a good company for work. We have the job security for all staff. And good office time.

  • Salary - Good
  • +6 more

Dislikes

Rate of interest to be change in one month the customers who not because every customer not able to pay every month continuously . so give some relaxation for 3 months once compulsory..

read more

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

 · 

Sales & Business Development Department

3.0
  •  posted on 06 Nov 2024

3.0
 for  Salary and Benefits

Likes

Company was good and time to we get salary..

Dislikes

I have one year experience in this company what have seen is alot of politics in this area company say target some but they give add some other targets here higher official are not good that why we are suffering lot sir.

read more
  • Job security - Poor
  • +3 more
see more salary related reviews

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Muthoot Fincorp Divisional Manager Salary FAQs

What is the salary of Divisional Manager at Muthoot Fincorp ?
The average salary of a Divisional Manager at Muthoot Fincorp in India typically ranges from ₹3.6 Lakhs to ₹8.7 Lakhs per year, depending on experience (from 2 years to 12 years).

The top 10% of Divisional Manager at Muthoot Fincorp earn more than ₹8.7 Lakhs per year, and the top 1% earn over ₹8.7 Lakhs per year. Divisional 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 5 Muthoot Fincorp employees in India.
What is the estimated take home salary of a Divisional Manager at Muthoot Fincorp in India?
The estimated take-home salary of a Divisional Manager at Muthoot Fincorp in India typically ranges from ₹37,930 to ₹39,126 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹8.7 Lakhs per year for employees with experience ranging from 2 years to 12 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 5 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 Divisional Manager at Muthoot Fincorp ?
To be a Divisional Manager at Muthoot Fincorp in india, the key skills required include:

  • - Process Training
  • - New Product
  • - Product Training
  • - Switching
  • - Excel

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 Divisional Manager in India?
Mahindra Finance ₹7.2 Lakhs to ₹26.0 Lakhs per year
L&T Finance ₹6.4 Lakhs to ₹15.7 Lakhs per year
Bharat Financial Inclusion ₹5.6 Lakhs to ₹15.2 Lakhs per year
Spandana Sphoorty Financial ₹4.8 Lakhs to ₹10.0 Lakhs per year
Asirvad Microfinance ₹3.8 Lakhs to ₹7.2 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 Divisional Manager in companies similar to Muthoot Fincorp in India?
The salary of a Divisional Manager at companies similar to Muthoot Fincorp in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Shriram Finance ₹3.3 Lakhs to ₹8.5 Lakhs per year
Satin Creditcare Network ₹5.5 Lakhs to ₹6.1 Lakhs per year
Muthoot Microfin ₹3.5 Lakhs to ₹7.0 Lakhs per year
IIFL Finance ₹3.5 Lakhs to ₹8.5 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 Divisional Manager at Muthoot Fincorp in India?
The salary growth for a Divisional Manager at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Divisional Manager can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
2 years ₹3.6 Lakhs to ₹8.4 Lakhs per year
3 years ₹3.6 Lakhs to ₹8.5 Lakhs per year
4 years ₹4.3 Lakhs to ₹5.5 Lakhs per year
5 years ₹4.4 Lakhs to ₹5.6 Lakhs per year
and so on.

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Muthoot Fincorp Divisional Manager salary in India ranges between ₹3.6 Lakhs to ₹8.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.