Muthoot Microfin Chennai Area Manager Salaries by 4 Employees

5 - 7 years exp.

₹2.2 Lakhs - ₹4.2 Lakhs

Salary of majority employees

58% less than the average Area Manager Salary in NBFC Companies for 5 - 7 years of experience

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Salaries in different departments

Finance & Accounting Area Manager Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.1 L/yr
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BFSI, Investments & Trading Area Manager Salary 6 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.2 L/yr

Last Updated: 16 Mar 2024

Companies similar to Muthoot Microfin for Area Manager in Chennai

Muthoot Microfin Area Manager Salary

5 - 7 years exp. (4 salaries)

₹2.2 L/yr - ₹4.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDB Financial Services Area Manager Salary 7 - 16 years exp. (14 salaries)	₹6.7 L/yr - ₹14 L/yr 148% more	6 job openings
Bajaj Finance Area Manager Salary 5 - 13 years exp. (12 salaries)	₹7.6 L/yr - ₹12 L/yr 141% more	233 job openings
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Muthoot Fincorp Area Manager Salary 10 - 19 years exp. (9 salaries)	₹7.2 L/yr - ₹8.5 L/yr 99% more
Manappuram Finance Area Manager Salary 6 - 9 years exp. (9 salaries)	₹3 L/yr - ₹6 L/yr 26% more
TVS Credit Area Manager Salary 11 - 17 years exp. (4 salaries)	₹9 L/yr - ₹13 L/yr 196% more
L&T Finance Area Manager Salary 5 - 8 years exp. (4 salaries)	₹8.1 L/yr - ₹9.3 L/yr 110% more

Area Manager salary at Muthoot Microfin ranges between ₹2.2 Lakhs to ₹4.2 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin Area Manager salaries in Chennai

Last Updated: 16 Mar 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr
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7 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr

Similar Designation salaries in Muthoot Microfin

Branch Manager Salary

(10 salaries)

₹2.45 L/yr - ₹4.5 L/yr

Top skills at Muthoot Microfin for Area Manager

Branch Management Area Management Branch Operations Recovery Operations Sales Planning branch administration Excel Collections Territory Management MIS Reporting Branch Handling Performance Management Area Sales Management Agency Management Debt Management

Salary related reviews for Muthoot Microfin

5.0

Rated by 1 employees for salary & benefits

Manager in Sangli

Full Time

Human Resources Department

5.0

• posted on 12 Sep 2023

5.0

for Salary and Benefits

Likes

All aspects are very good for an employee. Training, Recruitment process, salary, promotions, incentives, increments all are best in the industry.

Salary - Excellent

+6 more

Dislikes

My reporting persons behaviour was not good. Nothing else.

Branch Relationship Manager Operation in Bijnor

Full Time

Sales & Business Development Department

4.0

• posted on 29 Dec 2024

4.0

for Salary and Benefits

Likes

...bout here, I am not enjoying working here much because I am new to this Company. The branches of Muthoot are very good Promotions also happen on time and salary is also paid on time And Incentive is also given according to the work That's all for now. Thank you.

Salary - Good

+3 more

Dislikes

I don't like the culture here and the timing is also not right The seniors get the work done by opening the branch even on Saturdays and Sundays.If the target given to the staff is not completed then they are mentally tortured I will do it, however HR has told me that I will get leave on Saturday and Sunday, I don't like it but the company is very good

Work satisfaction - Poor

Senior Relationship Officer in Berhampur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 21 Jun 2023

1.0

for Salary and Benefits

Likes

I am a ex-employee Management department very bad... I have left this organization 11month complete....but till now not done my settlement This company without intimation remove the employee Very bad management

Dislikes

All.... Salary Behavior Career growth Secure job.. All parameter and management very bad

Salary - Bad

+5 more

Credit Executive in Near Mushi Pulia Metro Station, Lucknow

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 15 Dec 2022

1.0

for Salary and Benefits

Likes

Good working culture Supportive staff Good Infrastructure Good for freshers

Job security - Good

+2 more

Dislikes

...Department pressurise to Work on holidays in credit department and operations Salary not as satisfied atleast company need to provide 15k in hand salary to fresher in Credit department.

Salary - Bad

+2 more

Relationship Officer (working remotely)

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 02 Feb 2023

3.0

for Salary and Benefits

Likes

MUTHOOT MICROFIN LTD good company and policy customer satisfaction. Then different types of loans good company

Skill development - Good

+2 more

Dislikes

MUTHOOT MICROFIN LTD 2 years 6 month working not hike salary and promotion nill so small dislikes

Promotions - Bad

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Muthoot Microfin Area Manager Salary FAQs

What is the salary of Area Manager at Muthoot Microfin in Chennai?

The average salary of a Area Manager at Muthoot Microfin in Chennai typically ranges from ₹2.2 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 5 years to 7 years).

The top 10% of Area Manager in Chennai at Muthoot Microfin earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. Area Manager Salaries at Muthoot Microfin 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 4 Muthoot Microfin employees in India.

What is the estimated take home salary of a Area Manager at Muthoot Microfin in Chennai?

The estimated take-home salary of a Area Manager at Muthoot Microfin in Chennai typically ranges from ₹31,043 to ₹32,342 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from 5 years to 7 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 4 salaries received from various employees of Muthoot Microfin. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Manager at Muthoot Microfin in Chennai?

To be a Area Manager at Muthoot Microfin in Chennai, the key skills required include:

- Branch Management
- Area Management
- Branch Operations
- Recovery Operations
- Sales Planning

These skills are highly valued at Muthoot Microfin and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Muthoot Microfin for Area Manager in India?

TVS Credit	₹9.0 Lakhs to ₹13.0 Lakhs per year
HDB Financial Services	₹6.7 Lakhs to ₹14.0 Lakhs per year
Bajaj Finance	₹7.6 Lakhs to ₹12.0 Lakhs per year
L&T Finance	₹8.1 Lakhs to ₹9.3 Lakhs per year
Muthoot Fincorp	₹7.2 Lakhs to ₹8.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Muthoot Microfin, depending on the role and experience level.

What is the salary of a Area Manager in companies similar to Muthoot Microfin in Chennai?

The salary of a Area Manager at companies similar to Muthoot Microfin in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Manappuram Finance

₹3.0 Lakhs to ₹6.0 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 Area Manager at Muthoot Microfin in Chennai?

The salary growth for a Area Manager at Muthoot Microfin in Chennai depends on factors such as experience, performance, and promotions. On average, a Area Manager in Chennai can expect the following growth trajectory at Muthoot Microfin:

Experience	Average Salary Range
5 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
6 years	₹3.7 Lakhs to ₹4.8 Lakhs per year
7 years	₹3.8 Lakhs to ₹4.8 Lakhs per year

and so on.

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Muthoot Microfin Area Manager Salaries in Chennai

Muthoot Microfin Area Manager salary in Chennai ranges between ₹2.2 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.