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The Muthoot Group Cluster Manager salaries in India (Updated 2025)

Annual salary range
7 - 18 years exp.
₹4.2 Lakhs - ₹11.5 Lakhs
Salary of majority employees
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Fixed (78%)
₹5.1 Lakhs
Variable (22%)
₹1.4 Lakh
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29% less than the average Cluster Manager Salary in Financial Services Companies for 7 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Cluster Manager Salary
7 - 15 years exp. (14 salaries)
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₹4.2 L/yr - ₹8 L/yr

Sales & Business Development
Cluster Manager Salary
9 - 18 years exp. (12 salaries)
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₹5.3 L/yr - ₹11.5 L/yr

Finance & Accounting
Cluster Manager Salary
9 - 18 years exp. (5 salaries)
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₹5.1 L/yr - ₹10 L/yr

Customer Success, Service & Operations
Cluster Manager Salary
17 years exp. (AmbitionBox Estimate)
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₹6.3 L/yr - ₹9.2 L/yr

Last Updated: 28 Feb 2025

Companies similar to The Muthoot Group for Cluster Manager

Company name Avg Annual Salary Open Jobs
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TCS Cluster Manager Salary

5 - 19 years exp. (5 salaries)

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₹3 L/yr - ₹12.4 L/yr

arrow icon 6% more
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Wipro Cluster Manager Salary

16 - 19 years exp. (4 salaries)

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₹17 L/yr - ₹23 L/yr

arrow icon 207% more
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HDFC Bank Cluster Manager Salary

4 - 18 years exp. (30 salaries)

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₹6.8 L/yr - ₹20 L/yr

arrow icon 80% more
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ICICI Bank Cluster Manager Salary

8 - 15 years exp. (41 salaries)

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₹6 L/yr - ₹25 L/yr

arrow icon 122% more
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Bajaj Finance Cluster Manager Salary

5 - 17 years exp. (312 salaries)

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₹8.8 L/yr - ₹29.5 L/yr

arrow icon 193% more
108 job openings
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Bajaj Finserv Cluster Manager Salary

5 - 14 years exp. (292 salaries)

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₹8 L/yr - ₹28 L/yr

arrow icon 190% more
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Aditya Birla Capital Cluster Manager Salary

0 - 13 years exp. (175 salaries)

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₹5 L/yr - ₹13 L/yr

arrow icon 32% more
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Axis Bank Cluster Manager Salary

5 - 17 years exp. (77 salaries)

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₹4.7 L/yr - ₹15.5 L/yr

arrow icon 59% more
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Kotak Mahindra Bank Cluster Manager Salary

4 - 16 years exp. (63 salaries)

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₹3.9 L/yr - ₹16.2 L/yr

arrow icon 45% more
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IDFC FIRST Bharat Cluster Manager Salary

6 - 15 years exp. (31 salaries)

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₹4.5 L/yr - ₹13.3 L/yr

arrow icon 37% more
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₹4.9 L/yr - ₹15.5 L/yr

arrow icon 47% more
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Tata Capital Cluster Manager Salary

6 - 16 years exp. (22 salaries)

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₹6.5 L/yr - ₹15.5 L/yr

arrow icon 87% more
1 job opening
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ICICI Securities Cluster Manager Salary

3 - 16 years exp. (13 salaries)

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₹8.5 L/yr - ₹12.6 L/yr

arrow icon 87% more
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L&T Finance Cluster Manager Salary

3 - 12 years exp. (8 salaries)

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₹4.2 L/yr - ₹8.1 L/yr

arrow icon 2% less
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Bajaj Capital Cluster Manager Salary

0 - 11 years exp. (5 salaries)

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₹2 L/yr - ₹9.6 L/yr

arrow icon 12% less
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Manappuram Finance Cluster Manager Salary

14 - 16 years exp. (4 salaries)

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₹6.6 L/yr - ₹9.5 L/yr

arrow icon 26% more
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₹9.6 L/yr - ₹13 L/yr

arrow icon 60% more
Cluster Manager salary at The Muthoot Group ranges between ₹4.2 Lakhs to ₹11.5 Lakhs per year for employees with experience between 7 years to 18 years. Salary estimates are based on 32 latest salaries received from various employees of The Muthoot Group.

Latest annual salaries shared by The Muthoot Group Cluster Manager

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17 years exp.
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11 years exp.
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13 years exp.
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13 years exp.
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16 years exp.
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9 years exp.
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13 years exp.
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18 years exp.

Experience wise The Muthoot Group Cluster Manager salaries

Last Updated: 28 Feb 2025

Experience Avg Annual Salary
7 years  (3 salaries)

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₹4.2 L/yr - ₹8 L/yr
8 years  (3 salaries)

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₹4.2 L/yr - ₹11.4 L/yr
9 years  (3 salaries)

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₹5.1 L/yr - ₹7.3 L/yr
10 years  (5 salaries)

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₹4.8 L/yr - ₹11.6 L/yr
11 years  (4 salaries)

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₹5.4 L/yr - ₹8 L/yr
View all

Similar Designation salaries in The Muthoot Group

Cluster Head Salary
(6 salaries)
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₹3 L/yr - ₹9 L/yr
Area Manager Salary
(14 salaries)
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₹3.67 L/yr - ₹7.6 L/yr
Deputy Manager Salary
(29 salaries)
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₹3.6 L/yr - ₹6.35 L/yr
Sales Manager Salary
(9 salaries)
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₹3.1 L/yr - ₹6.55 L/yr
Branch Manager Salary
(180 salaries)
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₹2.55 L/yr - ₹7.45 L/yr
Territory Manager Salary
(AmbitionBox Estimate)
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₹6.5 L/yr - ₹8.3 L/yr
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₹4.2 L/yr - ₹8.2 L/yr
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₹2.5 L/yr - ₹4 L/yr
Area Business Manager Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
Senior Sales Manager Salary
(AmbitionBox Estimate)
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₹4.3 L/yr - ₹5.5 L/yr

Salary related reviews for The Muthoot Group

3.6

Rated by 7 employees for salary & benefits

Full Time

 · 

Other Department

3.0
  •  posted on 04 Oct 2024

3.0
 for  Salary and Benefits

Likes

Job security and staffs

  • Skill development - Good
  • +2 more

Dislikes

Branch ambience why we should maintain personally, company has to keep seperate person, Salary and increments and incentives are not paying properly and deductions for everything it's very bad culture, who will do wantedly all the irregularities.

read more
  • Promotions - Poor
  • +1 more

Sales & Business Development Department

2.0
  •  posted on 02 Nov 2022

3.0
 for  Salary and Benefits

Likes

No comments

Dislikes

This is the number one cost cutting company, their is no life for future and bottom line of staff do every work like sale and operation and aslo sales like mutual fund and diffirenciate between metro and onmetro salary.

read more
  • Skill development - Poor
  • +4 more

Sales & Business Development Department

5.0
  •  posted on 23 Jul 2020

5.0
 for  Salary and Benefits

Likes

...agement is transparent. There is huge cafeteria and gaming arcade for chilling. Company policies are good appricials are fair and they give good salary and bonus every year.

read more
  • Salary - Excellent
  • +5 more

Dislikes

Nothing

Muthoot Finance Department

5.0
  •  posted on 15 Mar 2018

5.0
 for  Salary and Benefits

Likes

...eving our branch targets .Insurance products,gold loan ,NCD,are the main areas .Job security and good salary growth provided in Muthoot group

read more
  • Salary - Excellent
  • +6 more

Dislikes

.work environment is Monday to Saturday timing is 8.30 to 5.30 and Most Sunday’s have any training process there .In branch if alarm system working at any time most probably in night I will be there at night to open the branch and Sunday visit in branch for 10 minibus is compalsary for the managers only.

read more

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 06 Oct 2024

1.0
 for  Salary and Benefits

Likes

Salary on time.

Dislikes

No work life balance, late sitting, unnecessary pressure, 2 years employment bond, job with financial risks, rupe behaving seniors, no professionalism, no diversity support, office politics, there is no timings to go home after the shift over, you cannot late a minute to report your duties if you do even 1 minute late your half day salary will be gone, very less salary, discrimination, no good appraisals, it is like a lala ki dukan, no staff security, staff can be beaten and threatened by the customers, at the time of interview the roles and responsibilities are different but after joining and signing 2 years of bond everything gets change, they do not follow labour laws at many times, they take more than 90days to complete your FNF settlement, they provide your relieving and exp letter after 90days from your last working day, no employee engagement activities are performed, a person is working since 7 years but he only reached at 45k/month, unsupportive company, unsupportive upper management, sometimes colleagues are also unsupportive, they give CL/EL to employees but not approve the same at many times. There are many things I can still write here.

read more
  • Salary - Bad
  • +5 more
see more salary related reviews

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The Muthoot Group Cluster Manager Salary FAQs

What is the salary of Cluster Manager at The Muthoot Group ?
The average salary of a Cluster Manager at The Muthoot Group in India typically ranges from ₹4.2 Lakhs to ₹11.5 Lakhs per year, depending on experience (from 7 years to 18 years).

The top 10% of Cluster Manager at The Muthoot Group earn more than ₹9.4 Lakhs per year, and the top 1% earn over ₹11.5 Lakhs per year. Cluster Manager Salaries at The Muthoot Group 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+ The Muthoot Group employees in India.
What is the estimated take home salary of a Cluster Manager at The Muthoot Group in India?
The estimated take-home salary of a Cluster Manager at The Muthoot Group in India typically ranges from ₹49,797 to ₹50,973 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹11.5 Lakhs per year for employees with experience ranging from 7 years to 18 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 The Muthoot Group. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than The Muthoot Group for Cluster Manager in India?
Wipro ₹17.0 Lakhs to ₹23.0 Lakhs per year
Bajaj Finance ₹8.8 Lakhs to ₹29.5 Lakhs per year
Bajaj Finserv ₹8.0 Lakhs to ₹28.0 Lakhs per year
ICICI Bank ₹6.0 Lakhs to ₹25.0 Lakhs per year
ICICI Securities ₹8.5 Lakhs to ₹12.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by The Muthoot Group, depending on the role and experience level.
What is the salary of a Cluster Manager in companies similar to The Muthoot Group in India?
The salary of a Cluster Manager at companies similar to The Muthoot Group in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata Capital ₹6.5 Lakhs to ₹15.5 Lakhs per year
HDFC Bank ₹6.8 Lakhs to ₹20.0 Lakhs per year
Cholamandalam Investment & Finance ₹9.6 Lakhs to ₹13.0 Lakhs per year
Axis Bank ₹4.7 Lakhs to ₹15.5 Lakhs per year
Motilal Oswal Financial Services ₹4.9 Lakhs to ₹15.5 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 Cluster Manager at The Muthoot Group in India?
The salary growth for a Cluster Manager at The Muthoot Group depends on factors such as experience, performance, and promotions. On average, a Cluster Manager can expect the following growth trajectory at The Muthoot Group:

Experience Average Salary Range
7 years ₹4.2 Lakhs to ₹8.0 Lakhs per year
8 years ₹4.2 Lakhs to ₹11.4 Lakhs per year
9 years ₹5.1 Lakhs to ₹7.3 Lakhs per year
10 years ₹4.8 Lakhs to ₹11.6 Lakhs per year
and so on.

Tell us how to improve this page.

The Muthoot Group Cluster Manager salary in India ranges between ₹4.2 Lakhs to ₹11.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 32 The Muthoot Group latest salaries received from various employees of The Muthoot Group.