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 Senior Area Manager salaries in India (Updated 2025)

Annual salary range
11 - 19 years exp.
₹6 Lakhs - ₹11 Lakhs
Salary of majority employees
unlock blur
unlock blur

31% less than the average Senior Area Manager Salary in NBFC Companies for 11 - 19 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Senior Area Manager Salary
11 - 19 years exp. (22 salaries)
unlock-blur

₹6 L/yr - ₹10.6 L/yr

BFSI, Investments & Trading
Senior Area Manager Salary
11 - 17 years exp. (6 salaries)
unlock-blur

₹7 L/yr - ₹11 L/yr

Last Updated: 12 Mar 2025

Companies similar to Muthoot Fincorp for Senior Area Manager

Company name Avg Annual Salary Open Jobs
Logo
Muthoot Microfin Senior Area Manager Salary

6 - 10 years exp. (6 salaries)

unlock blur

₹5 L/yr - ₹5.6 L/yr

arrow icon 42% less
Logo
L&T Finance Senior Area Manager Salary

8 - 12 years exp. (5 salaries)

unlock blur

₹7 L/yr - ₹17.8 L/yr

arrow icon 36% more
Logo
TVS Credit Senior Area Manager Salary

10 - 18 years exp. (4 salaries)

unlock blur

₹4 L/yr - ₹33 L/yr

arrow icon 72% more
Logo
unlock blur

₹3.9 L/yr - ₹8.7 L/yr

arrow icon 34% less
Logo
Capri Global Capital Senior Area Manager Salary

11 - 13 years exp. (3 salaries)

unlock blur

₹9 L/yr - ₹10 L/yr

arrow icon 5% more
unlock blur

₹7.3 L/yr - ₹10.3 L/yr

arrow icon 8% less
Logo
Shriram Finance Senior Area Manager Salary

2 - 15 years exp. (3 salaries)

unlock blur

₹3.4 L/yr - ₹7.5 L/yr

arrow icon 35% less
Senior Area Manager salary at Muthoot Fincorp ranges between ₹6 Lakhs to ₹11 Lakhs per year for employees with experience between 11 years to 19 years. Salary estimates are based on 36 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Senior Area Manager

1w ago
avg blur mobile
11 years exp.
1mo ago
avg blur mobile
15 years exp.
2mo ago
avg blur mobile
18 years exp.
2mo ago
avg blur mobile
19 years exp.
4mo ago
avg blur mobile
15 years exp.
4mo ago
avg blur mobile
14 years exp.
4mo ago
avg blur mobile
18 years exp.
8mo ago
avg blur mobile
15 years exp.
10mo ago
avg blur mobile
14 years exp.
1y ago
avg blur mobile
18 years exp.

Experience wise Muthoot Fincorp Senior Area Manager salaries

Last Updated: 12 Mar 2025

Experience Avg Annual Salary
11 years (AmbitionBox Estimate)

unlock blur

₹3.5 L/yr - ₹10 L/yr
12 years (AmbitionBox Estimate)

unlock blur

₹6.5 L/yr - ₹9.5 L/yr
13 years (AmbitionBox Estimate)

unlock blur

₹7 L/yr - ₹9 L/yr
14 years  (8 salaries)

unlock blur

₹6 L/yr - ₹9.3 L/yr
15+ years  (22 salaries)

unlock blur

₹6 L/yr - ₹11 L/yr

Similar Designation salaries in Muthoot Fincorp

unlock blur
₹3.55 L/yr - ₹6.25 L/yr
unlock blur
₹6.5 L/yr - ₹11 L/yr
Area Manager Salary
(195 salaries)
unlock blur
₹3.2 L/yr - ₹12 L/yr
unlock blur
₹8.25 L/yr - ₹14.65 L/yr
unlock blur
₹2.15 L/yr - ₹4.1 L/yr
unlock blur
₹6.74 L/yr - ₹9.59 L/yr
Sales Manager Salary
(61 salaries)
unlock blur
₹3 L/yr - ₹6.8 L/yr
Branch Manager Salary
(614 salaries)
unlock blur
₹1.8 L/yr - ₹6.65 L/yr
unlock blur
₹6 L/yr - ₹9.3 L/yr
Cluster Manager Salary
(10 salaries)
unlock blur
₹5.2 L/yr - ₹10.5 L/yr

Salary related reviews for Muthoot Fincorp

4.5

Rated by 34 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 07 Nov 2024

5.0
 for  Salary and Benefits

Likes

Iam happy to work with Muthoot Fincorp, Every employees will get career growth and promotion based on their credibility and performance, Excellent work balance for Female staffs , Feeling proud to be Muthootian👍👍👍

read more
  • Salary - Excellent
  • +6 more

Dislikes

Required salary correction for Senior staffs

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
see more salary related reviews

Discover interview dos and don'ts from real experiences

Muthoot Fincorp Senior Area Manager Salary FAQs

What is the salary of Senior Area Manager at Muthoot Fincorp ?
The average salary of a Senior Area Manager at Muthoot Fincorp in India typically ranges from ₹6.0 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 11 years to 19 years).

The top 10% of Senior Area Manager at Muthoot Fincorp earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Senior Area 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 30+ Muthoot Fincorp employees in India.
What is the estimated take home salary of a Senior Area Manager at Muthoot Fincorp in India?
The estimated take-home salary of a Senior Area Manager at Muthoot Fincorp in India typically ranges from ₹65,998 to ₹67,684 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 11 years to 19 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 30+ 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 Senior Area Manager in India?
TVS Credit ₹4.0 Lakhs to ₹33.0 Lakhs per year
L&T Finance ₹7.0 Lakhs to ₹17.8 Lakhs per year
Capri Global Capital ₹9.0 Lakhs to ₹10.0 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 Senior Area Manager in companies similar to Muthoot Fincorp in India?
The salary of a Senior Area Manager at companies similar to Muthoot Fincorp in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Spandana Sphoorty Financial ₹7.3 Lakhs to ₹10.3 Lakhs per year
CreditAccess Grameen ₹3.9 Lakhs to ₹8.7 Lakhs per year
Shriram Finance ₹3.4 Lakhs to ₹7.5 Lakhs per year
Muthoot Microfin ₹5.0 Lakhs to ₹5.6 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 Senior Area Manager at Muthoot Fincorp in India?
The salary growth for a Senior Area Manager at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Senior Area Manager can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
11 years ₹3.5 Lakhs to ₹10.0 Lakhs per year
12 years ₹6.5 Lakhs to ₹9.5 Lakhs per year
13 years ₹7.0 Lakhs to ₹9.0 Lakhs per year
14 years ₹6.0 Lakhs to ₹9.3 Lakhs per year
and so on.

Tell us how to improve this page.

Muthoot Fincorp Senior Area Manager salary in India ranges between ₹6 Lakhs to ₹11 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 36 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.