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4.5

based on 6.6k Reviews

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Muthoot Fincorp State Business Manager salaries in India

Annual salary range
11 - 19 years exp.
₹15 Lakhs - ₹22.5 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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41% more than the average State Business Manager Salary in NBFC Companies for 11 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading
State Business Manager Salary
15 years exp. (AmbitionBox Estimate)
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₹14.4 L/yr - ₹17.6 L/yr

Sales & Business Development
State Business Manager Salary
11 years exp. (AmbitionBox Estimate)
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₹20.3 L/yr - ₹24.8 L/yr

Last Updated: 7 Nov 2024

Companies similar to Muthoot Fincorp for State Business Manager

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SMFG India Credit State Business Manager Salary

12 - 18 years exp. (13 salaries)

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₹13.4 L/yr - ₹24.5 L/yr

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Ourfood State Business Manager Salary

0 - 4 years exp. (6 salaries)

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₹8 L/yr - ₹11 L/yr

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₹7 L/yr - ₹8 L/yr

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Kurlon State Business Manager Salary

9 - 15 years exp. (6 salaries)

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₹9.9 L/yr - ₹13.5 L/yr

arrow icon 35% less
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₹4.5 L/yr - ₹5.5 L/yr

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State Business Manager salary at Muthoot Fincorp ranges between ₹15 Lakhs to ₹22.5 Lakhs per year for employees with experience between 11 years to 19 years. Salary estimates are based on 3 latest salaries received from various employees of Muthoot Fincorp.

Latest annual salaries shared by Muthoot Fincorp State Business Manager

1mo ago
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11 years exp.
1y ago
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19 years exp.
1y ago
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15 years exp.

Experience wise Muthoot Fincorp State Business Manager salaries

Last Updated: 7 Nov 2024

Experience Avg Annual Salary
11 years (AmbitionBox Estimate)

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₹20.3 L/yr - ₹25.9 L/yr
15+ years (AmbitionBox Estimate)

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₹14 L/yr - ₹17.8 L/yr

Similar Designation salaries in Muthoot Fincorp

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₹3.6 L/yr - ₹10 L/yr
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₹3.5 L/yr - ₹8 L/yr
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₹6.5 L/yr - ₹20 L/yr
Sales Manager Salary
(61 salaries)
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₹3 L/yr - ₹6.8 L/yr
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₹24 L/yr - ₹24.05 L/yr
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₹3.55 L/yr - ₹7.4 L/yr
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₹5 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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₹8.2 L/yr - ₹14.65 L/yr
Branch Manager Salary
(632 salaries)
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₹1.25 L/yr - ₹6.3 L/yr

Salary related reviews for Muthoot Fincorp

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

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.

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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

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

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.

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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.

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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.

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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

Dislikes

Nothing, but ya little disappointment about salary increments. Of course it's based on performance even though.....

read more
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Muthoot Fincorp State Business Manager Salary FAQs

What is the notice period for State Business Manager at Muthoot Fincorp?
According to AmbitionBox, 100% of the Muthoot Fincorp State Business Managers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Muthoot Fincorp State Business Manager salary in India ranges between ₹15 Lakhs to ₹22.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.