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Muthoot Fincorp Senior Manager salaries in India (Updated 2025)

Annual salary range
6 - 15 years exp.
₹3.6 Lakhs - ₹11 Lakhs
Salary of majority employees
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Fixed (91%)
₹6.4 Lakhs
Variable (9%)
₹0.6 Lakh
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68% less than the average Senior Manager Salary in NBFC Companies for 6 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Manager Salary
6 - 15 years exp. (9 salaries)
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₹6.4 L/yr - ₹9.7 L/yr

Customer Success, Service & Operations
Senior Manager Salary
8 - 13 years exp. (5 salaries)
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₹4.5 L/yr - ₹8.2 L/yr

Sales & Business Development
Senior Manager Salary
7 - 13 years exp. (5 salaries)
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₹3.6 L/yr - ₹9 L/yr

Finance & Accounting
Senior Manager Salary
11 - 12 years exp. (3 salaries)
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₹6.9 L/yr - ₹9.9 L/yr

Human Resources
Senior Manager Salary
7 - 12 years exp. (3 salaries)
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₹4 L/yr - ₹8.8 L/yr

Last Updated: 17 Feb 2025

Companies similar to Muthoot Fincorp for Senior Manager

Company name Avg Annual Salary Open Jobs
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Manappuram Finance Senior Manager Salary

0 - 13 years exp. (180 salaries)

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₹3.2 L/yr - ₹12 L/yr

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Bajaj Finance Senior Manager Salary

4 - 12 years exp. (141 salaries)

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₹7.5 L/yr - ₹28 L/yr

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4 - 16 years exp. (71 salaries)

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₹3.5 L/yr - ₹15.7 L/yr

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Mahindra Finance Senior Manager Salary

4 - 14 years exp. (84 salaries)

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₹7.8 L/yr - ₹24.4 L/yr

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₹4.4 L/yr - ₹18.4 L/yr

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L&T Finance Senior Manager Salary

2 - 13 years exp. (356 salaries)

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₹8.1 L/yr - ₹26 L/yr

arrow icon 153% more
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HDB Financial Services Senior Manager Salary

0 - 15 years exp. (66 salaries)

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₹2.2 L/yr - ₹12.6 L/yr

arrow icon 2% more
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Reliance Capital Senior Manager Salary

5 - 16 years exp. (18 salaries)

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₹6 L/yr - ₹20.2 L/yr

arrow icon 62% more
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Edelweiss Senior Manager Salary

7 - 17 years exp. (196 salaries)

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₹7 L/yr - ₹21 L/yr

arrow icon 96% more
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Tata Capital Senior Manager Salary

4 - 15 years exp. (219 salaries)

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₹8.5 L/yr - ₹30 L/yr

arrow icon 194% more
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SMFG India Credit Senior Manager Salary

6 - 16 years exp. (212 salaries)

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₹8.9 L/yr - ₹31 L/yr

arrow icon 172% more
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IIFL Finance Senior Manager Salary

1 - 13 years exp. (119 salaries)

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₹3.5 L/yr - ₹14 L/yr

arrow icon 26% more
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Poonawalla Fincorp Senior Manager Salary

5 - 19 years exp. (90 salaries)

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₹10 L/yr - ₹23.1 L/yr

arrow icon 138% more
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TVS Credit Senior Manager Salary

4 - 17 years exp. (70 salaries)

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₹6.6 L/yr - ₹22.6 L/yr

arrow icon 134% more
1 job opening
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Sammaan Capital Limited Senior Manager Salary

5 - 17 years exp. (73 salaries)

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₹6.6 L/yr - ₹17 L/yr

arrow icon 57% more
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Kotak Mahindra Prime Senior Manager Salary

3 - 14 years exp. (73 salaries)

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₹6.2 L/yr - ₹15 L/yr

arrow icon 68% more
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PNB Housing Finance Senior Manager Salary

5 - 16 years exp. (56 salaries)

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₹9.5 L/yr - ₹25 L/yr

arrow icon 135% more
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Asirvad Microfinance Senior Manager Salary

0 - 13 years exp. (56 salaries)

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₹5.1 L/yr - ₹10.5 L/yr

arrow icon 9% more
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₹10 L/yr - ₹25 L/yr

arrow icon 137% more
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Satin Creditcare Network Senior Manager Salary

2 - 15 years exp. (36 salaries)

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₹6 L/yr - ₹15.5 L/yr

arrow icon 34% more
View all
Senior Manager salary at Muthoot Fincorp ranges between ₹3.6 Lakhs to ₹11 Lakhs per year for employees with experience between 6 years to 15 years. Salary estimates are based on 34 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp Senior Manager

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12 years exp.
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13 years exp.
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15 years exp.
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7 years exp.
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11 years exp.
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9 years exp.
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6 years exp.
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12 years exp.
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13 years exp.
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12 years exp.

Experience wise Muthoot Fincorp Senior Manager salaries

Last Updated: 17 Feb 2025

Experience Avg Annual Salary
6 years  (3 salaries)

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₹5 L/yr - ₹11 L/yr
7 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹8.3 L/yr
8 years (AmbitionBox Estimate)

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₹4 L/yr - ₹12.6 L/yr
9 years  (3 salaries)

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₹4.5 L/yr - ₹7.5 L/yr
10 years  (4 salaries)

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₹4.8 L/yr - ₹7 L/yr
View all

Similar Designation salaries in Muthoot Fincorp

Store Manager Salary
(4 salaries)
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₹2 L/yr - ₹10 L/yr
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₹8.25 L/yr - ₹14.65 L/yr
Deputy Manager Salary
(68 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
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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
(218 salaries)
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₹3.2 L/yr - ₹10.1 L/yr
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₹6.02 L/yr - ₹6.62 L/yr
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₹3.5 L/yr - ₹8 L/yr

Top skills at Muthoot Fincorp for Senior Manager

Analytical Ability Employee Relations Statutory Compliance Team Management Employee Benefits

Salary related reviews for Muthoot Fincorp

4.2

Rated by 41 employees for salary & benefits

Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 23 Dec 2024

3.0
 for  Salary and Benefits

Likes

1. Good Culture 2. Work life balance. 3. Org works for Employee Health and well being. Altogether good org

  • Skill development - Good
  • +4 more

Dislikes

Salary discrimination, same grade different in salary package. Not counting the overall experience..

read more

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 21 Dec 2024

4.0
 for  Salary and Benefits

Likes

It's most convenient working time and travel distance for especially women. Hence I personally feel security in this job.

read more
  • Salary - Good
  • +6 more

Dislikes

CSE are getting lower salary. I would like to increase their salary and promotions.

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Other Department

4.0
  •  posted on 17 Aug 2018

3.0
 for  Salary and Benefits

Likes

Gets freedom to execute. Generally they take only mediocre talent in all level. So senior management does not have bandwidth to review everything.

read more
  • Skill development - Good
  • +3 more

Dislikes

...ning. If you are lucky and get a good manager then good to stay for long period. Salary growth and peace of mind depends on manager.

read more

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..

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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
see more salary related reviews

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Muthoot Fincorp Senior Manager Salary FAQs

What is the salary of Senior Manager at Muthoot Fincorp ?
The average salary of a Senior Manager at Muthoot Fincorp in India typically ranges from ₹3.6 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 6 years to 15 years).

The top 10% of Senior Manager at Muthoot Fincorp earn more than ₹9.7 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Senior 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 Manager at Muthoot Fincorp in India?
The estimated take-home salary of a Senior Manager at Muthoot Fincorp in India typically ranges from ₹52,304 to ₹53,603 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 6 years to 15 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.
What are the key skills required to be a Senior Manager at Muthoot Fincorp ?
To be a Senior Manager at Muthoot Fincorp in india, the key skills required include:

  • - Analytical Ability
  • - Employee Relations
  • - Statutory Compliance
  • - Team Management
  • - Employee Benefits

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 Senior Manager in India?
Tata Capital ₹8.5 Lakhs to ₹30.0 Lakhs per year
Sundaram Finance ₹17.1 Lakhs to ₹20.3 Lakhs per year
SMFG India Credit ₹8.9 Lakhs to ₹31.0 Lakhs per year
L&T Finance ₹8.1 Lakhs to ₹26.0 Lakhs per year
Spandana Sphoorty Financial ₹8.4 Lakhs to ₹26.0 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 Manager in companies similar to Muthoot Fincorp in India?
The salary of a Senior Manager at companies similar to Muthoot Fincorp in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Capri Global Capital ₹9.3 Lakhs to ₹28.5 Lakhs per year
Poonawalla Fincorp ₹10.0 Lakhs to ₹23.1 Lakhs per year
Tata Capital Housing Finance ₹10.0 Lakhs to ₹25.0 Lakhs per year
PNB Housing Finance ₹9.5 Lakhs to ₹25.0 Lakhs per year
TVS Credit ₹6.6 Lakhs to ₹22.6 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 Manager at Muthoot Fincorp in India?
The salary growth for a Senior Manager at Muthoot Fincorp depends on factors such as experience, performance, and promotions. On average, a Senior Manager can expect the following growth trajectory at Muthoot Fincorp:

Experience Average Salary Range
6 years ₹5.0 Lakhs to ₹11.0 Lakhs per year
7 years ₹6.5 Lakhs to ₹8.3 Lakhs per year
8 years ₹4.0 Lakhs to ₹12.6 Lakhs per year
9 years ₹4.5 Lakhs to ₹7.5 Lakhs per year
and so on.

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Muthoot Fincorp Senior Manager salary in India ranges between ₹3.6 Lakhs to ₹11 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 34 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.