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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
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Fixed (90%)
₹8.3 Lakhs
Variable (10%)
₹1.0 Lakh
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30% less than the average Senior Area Manager Salary in NBFC Companies for 11 - 19 years of experience

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Salaries in different departments

Sales & Business Development
Senior Area Manager Salary
11 - 19 years exp. (22 salaries)
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₹6 L/yr - ₹10.6 L/yr

BFSI, Investments & Trading
Senior Area Manager Salary
11 - 17 years exp. (6 salaries)
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₹7 L/yr - ₹11 L/yr

Last Updated: 30 Jan 2025

Companies similar to Muthoot Fincorp for Senior Area Manager

Company name Avg Annual Salary Open Jobs
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Bajaj Finance Senior Area Manager Salary

5 - 14 years exp. (168 salaries)

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₹7.1 L/yr - ₹21.5 L/yr

arrow icon 47% more
4 job openings
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Shriram Finance Senior Area Manager Salary

2 - 15 years exp. (3 salaries)

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₹3.4 L/yr - ₹7.5 L/yr

arrow icon 37% less
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₹9 L/yr - ₹23 L/yr

arrow icon 81% more
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L&T Finance Senior Area Manager Salary

8 - 12 years exp. (5 salaries)

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₹7 L/yr - ₹17.8 L/yr

arrow icon 33% more
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₹13.5 L/yr - ₹17.5 L/yr

arrow icon 62% more
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Muthoot Microfin Senior Area Manager Salary

6 - 9 years exp. (6 salaries)

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₹5 L/yr - ₹5.6 L/yr

arrow icon 43% less
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TVS Credit Senior Area Manager Salary

10 - 18 years exp. (4 salaries)

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₹4 L/yr - ₹33 L/yr

arrow icon 68% more
Logo
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₹3.9 L/yr - ₹8.7 L/yr

arrow icon 35% less
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Capri Global Capital Senior Area Manager Salary

11 - 13 years exp. (3 salaries)

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₹9 L/yr - ₹10 L/yr

arrow icon 3% more
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₹7.3 L/yr - ₹10.3 L/yr

arrow icon 10% 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

1mo ago
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15 years exp.
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18 years exp.
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19 years exp.
2mo ago
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11 years exp.
4mo ago
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15 years exp.
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14 years exp.
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18 years exp.
7mo ago
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15 years exp.
10mo ago
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14 years exp.
11mo ago
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18 years exp.

Experience wise Muthoot Fincorp Senior Area Manager salaries

Last Updated: 30 Jan 2025

Experience Avg Annual Salary
11 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹10 L/yr
12 years (AmbitionBox Estimate)

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

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₹7 L/yr - ₹16.4 L/yr
14 years  (8 salaries)

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

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₹6 L/yr - ₹11 L/yr

Similar Designation salaries in Muthoot Fincorp

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₹3.55 L/yr - ₹6.25 L/yr
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₹7.5 L/yr - ₹11 L/yr
Area Manager Salary
(218 salaries)
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₹3.2 L/yr - ₹10.1 L/yr
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₹8.25 L/yr - ₹14.65 L/yr
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₹1.95 L/yr - ₹3.5 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
Branch Manager Salary
(601 salaries)
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₹1.25 L/yr - ₹6.3 L/yr
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₹6 L/yr - ₹9.3 L/yr
Cluster Manager Salary
(10 salaries)
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₹5.2 L/yr - ₹10.5 L/yr
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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

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Muthoot Fincorp Senior Area Manager Salary FAQs

What is the salary of Senior Area Manager at Muthoot Fincorp?
Senior Area Manager salary at Muthoot Fincorp in India ranges between ₹6.0 Lakhs to ₹11.0 Lakhs for experience between 11 years to 19 years. According to our estimates it is 30% less than the average Senior Area Manager Salary in India. Salary estimates are based on 36 latest salaries received from various employees of Muthoot Fincorp India.
How does the salary of a Senior Area Manager at Muthoot Fincorp India compare with the average salary range for this job?
The average salary of a Senior Area Manager at Muthoot Fincorp is 30% less than the average salary of a Senior Area Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Muthoot Fincorp to a Senior Area Manager in India?
  • Cholamandalam Investment & Finance Senior Area Manager Salary - ₹9.0 Lakhs to ₹23.0 Lakhs per year
  • TVS Credit Senior Area Manager Salary - ₹4.0 Lakhs to ₹33.0 Lakhs per year
  • HDB Financial Services Senior Area Manager Salary - ₹13.5 Lakhs to ₹17.5 Lakhs per year
  • Bajaj Finance Senior Area Manager Salary - ₹7.1 Lakhs to ₹21.5 Lakhs per year
  • L&T Finance Senior Area Manager Salary - ₹7.0 Lakhs to ₹17.8 Lakhs per year
What is the salary of a Senior Area Manager in companies similar to Muthoot Fincorp in India?
  • Capri Global Capital Senior Area Manager Salary - ₹9.0 Lakhs to ₹10.0 Lakhs per year
  • Spandana Sphoorty Financial Senior Area Manager Salary - ₹7.3 Lakhs to ₹10.3 Lakhs per year
  • CreditAccess Grameen Senior Area Manager Salary - ₹3.9 Lakhs to ₹8.7 Lakhs per year
  • Shriram Finance Senior Area Manager Salary - ₹3.4 Lakhs to ₹7.5 Lakhs per year
  • Muthoot Microfin Senior Area Manager Salary - ₹5.0 Lakhs to ₹5.6 Lakhs per year
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 ranges between ₹67,348 per month to ₹69,072 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Senior Area Manager salary in India which ranges between ₹6.0 Lakhs to ₹11.0 Lakhs per year for employees with experience between 11 years to 19 years. Check how did we calculate take home salary?
What is the notice period for Senior Area Manager at Muthoot Fincorp?
According to AmbitionBox, 55% of the Muthoot Fincorp Senior Area Managers reported a notice period of 2 Months, 27% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 44 responses on AmbitionBox in last 2 years.

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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.

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