The Muthoot Group Cluster Manager Salaries by 30+ Employees (Updated 2025)

7 - 18 years exp.

₹4.2 Lakhs - ₹11.5 Lakhs

Salary of majority employees

Fixed (78%)

₹5.1 Lakhs

Variable (22%)

₹1.4 Lakh

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)	₹4.2 L/yr - ₹8 L/yr
Sales & Business Development Cluster Manager Salary 9 - 18 years exp. (12 salaries)	₹5.3 L/yr - ₹11.5 L/yr
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Finance & Accounting Cluster Manager Salary 9 - 18 years exp. (5 salaries)	₹5.1 L/yr - ₹10 L/yr
Customer Success, Service & Operations Cluster Manager Salary 17 years exp. (AmbitionBox Estimate)	₹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
Bajaj Finserv Cluster Manager Salary 5 - 13 years exp. (287 salaries)	₹8 L/yr - ₹28 L/yr 192% more
Aditya Birla Capital Cluster Manager Salary 0 - 13 years exp. (175 salaries)	₹5 L/yr - ₹13 L/yr 29% more
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IDFC FIRST Bharat Cluster Manager Salary 6 - 15 years exp. (31 salaries)	₹4.5 L/yr - ₹13.3 L/yr 38% more
Motilal Oswal Financial Services Cluster Manager Salary 6 - 17 years exp. (29 salaries)	₹4.9 L/yr - ₹15.5 L/yr 56% more
ICICI Securities Cluster Manager Salary 3 - 16 years exp. (13 salaries)	₹8.5 L/yr - ₹12.6 L/yr 87% more
Reliance Capital Cluster Manager Salary 7 - 15 years exp. (7 salaries)	₹9 L/yr - ₹13.4 L/yr 72% more
Bajaj Capital Cluster Manager Salary 0 - 11 years exp. (5 salaries)	₹2 L/yr - ₹9.6 L/yr 12% less
Satya MicroCapital Cluster Manager Salary 12 - 18 years exp. (5 salaries)	₹8 L/yr - ₹15.5 L/yr 87% more
RBL FinServe Cluster Manager Salary 6 - 14 years exp. (5 salaries)	₹7.2 L/yr - ₹9 L/yr 19% more
Cholamandalam Investment & Finance Cluster Manager Salary 13 - 15 years exp. (4 salaries)	₹9.6 L/yr - ₹13 L/yr 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.

Experience wise The Muthoot Group Cluster Manager salaries

Last Updated: 28 Feb 2025

Experience	Avg Annual Salary
7 years (3 salaries)	₹4.2 L/yr - ₹8 L/yr
8 years (3 salaries)	₹4.2 L/yr - ₹11.4 L/yr
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9 years (3 salaries)	₹5.1 L/yr - ₹7.3 L/yr
10 years (5 salaries)	₹4.8 L/yr - ₹11.6 L/yr
11 years (4 salaries)	₹5.4 L/yr - ₹8 L/yr
12 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
13 years (4 salaries)	₹6 L/yr - ₹11.5 L/yr
14 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹7 L/yr
15+ years (7 salaries)	₹5.3 L/yr - ₹10 L/yr

View all

Similar Designation salaries in The Muthoot Group

Cluster Head Salary

(6 salaries)

₹3 L/yr - ₹9 L/yr

Area Manager Salary

(14 salaries)

₹3.67 L/yr - ₹7.6 L/yr

Deputy Manager Salary

(29 salaries)

₹3.6 L/yr - ₹6.35 L/yr

Sales Manager Salary

(9 salaries)

₹3.1 L/yr - ₹6.55 L/yr

Branch Manager Salary

(180 salaries)

₹2.55 L/yr - ₹7.45 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

₹6.5 L/yr - ₹8.3 L/yr

Area Sales Manager Salary

(5 salaries)

₹4.2 L/yr - ₹8.2 L/yr

Relationship Manager Salary

(9 salaries)

₹2.5 L/yr - ₹4 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Salary related reviews for The Muthoot Group

3.6

Rated by 7 employees for salary & benefits

Branch Manager in Gadarwara

Full Time

Finance & Accounting Department

2.0

• posted on 28 Jan 2025

1.0

for Salary and Benefits

Likes

Skill development - Good
Job security - Good

Dislikes

... compititor. They transfer the employee to other city to complete notice period. Salary hike is too poor. Growth chances are less

Salary - Bad

+3 more

Branch Manager in Bangalore / Bengaluru

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.

Promotions - Poor

+1 more

Branch Manager in Tiptur

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.

Skill development - Poor

+4 more

Senior Sales Executive in Nellore

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.

Salary - Excellent

+5 more

Dislikes

Nothing

Branch Manager in Thiruvananthapuram

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

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.

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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?

Bajaj Finserv	₹8.0 Lakhs to ₹28.0 Lakhs per year
ICICI Securities	₹8.5 Lakhs to ₹12.6 Lakhs per year
Satya MicroCapital	₹8.0 Lakhs to ₹15.5 Lakhs per year
Reliance Capital	₹9.0 Lakhs to ₹13.4 Lakhs per year
Cholamandalam Investment & Finance	₹9.6 Lakhs to ₹13.0 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:

Motilal Oswal Financial Services	₹4.9 Lakhs to ₹15.5 Lakhs per year
IDFC FIRST Bharat	₹4.5 Lakhs to ₹13.3 Lakhs per year
Aditya Birla Capital	₹5.0 Lakhs to ₹13.0 Lakhs per year
RBL FinServe	₹7.2 Lakhs to ₹9.0 Lakhs per year
Bajaj Capital	₹2.0 Lakhs to ₹9.6 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 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.

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The Muthoot Group Cluster Manager Salaries by Location

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The Muthoot Group Cluster Manager Salaries

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

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

Companies similar to The Muthoot Group for Cluster Manager

Latest annual salaries shared by The Muthoot Group Cluster Manager

Experience wise The Muthoot Group Cluster Manager salaries

Similar Designation salaries in The Muthoot Group

Salary related reviews for The Muthoot Group

Branch Manager in Gadarwara

Branch Manager in Bangalore / Bengaluru

Branch Manager in Tiptur

Senior Sales Executive in Nellore

Branch Manager in Thiruvananthapuram

The Muthoot Group Cluster Manager Salary FAQs

Tell us how to improve this page.

The Muthoot Group Cluster Manager Salaries by Location