Muthoot Microfin BM Salaries by 3 Employees (Updated 2024)

4 - 5 years exp.

₹3 Lakhs - ₹3.7 Lakhs

Low Confidence

Salary of majority employees

40% less than the average BM Salary in NBFC Companies for 4 - 5 years of experience

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Last Updated: 5 Sep 2024

Companies similar to Muthoot Microfin for BM

Company name	Avg Annual Salary	Open Jobs
Ujjivan Financial Services BM Salary 5 - 8 years exp. (3 salaries)	₹2.5 L/yr - ₹4 L/yr 2% less
Satin Creditcare Network BM Salary 4 - 8 years exp. (4 salaries)	₹3.2 L/yr - ₹4 L/yr 5% more
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Spandana Sphoorty Financial BM Salary 2 - 6 years exp. (4 salaries)	₹1.2 L/yr - ₹2.5 L/yr 35% less
Equitas Small Finance Bank BM Salary 11 - 13 years exp. (3 salaries)	₹5.9 L/yr - ₹6.5 L/yr 87% more
Jana Small Finance Bank BM Salary 4 - 10 years exp. (5 salaries)	₹3.7 L/yr - ₹8.3 L/yr 91% more
Svatantra Microfin BM Salary 2 - 6 years exp. (3 salaries)	₹2.3 L/yr - ₹3.3 L/yr 15% less
Annapurna Finance BM Salary 2 - 4 years exp. (4 salaries)	₹2.4 L/yr - ₹4.7 L/yr 6% more
CreditAccess Grameen BM Salary 3 - 10 years exp. (5 salaries)	₹2.7 L/yr - ₹4.4 L/yr 5% more
Utkarsh Small Finance Bank BM Salary 3 - 9 years exp. (7 salaries)	₹3 L/yr - ₹4.5 L/yr 6% more
Mahindra Rural Housing Finance BM Salary 1 - 11 years exp. (13 salaries)	₹2.6 L/yr - ₹5 L/yr 12% more
L&T Finance BM Salary 3 - 9 years exp. (9 salaries)	₹3.2 L/yr - ₹5.7 L/yr 29% more
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Muthoot Fincorp BM Salary 4 - 11 years exp. (8 salaries)	₹3.1 L/yr - ₹4 L/yr 13% more
Muthoot Finance BM Salary 5 - 10 years exp. (8 salaries)	₹3 L/yr - ₹5 L/yr 45% more
Shriram Finance BM Salary 0 - 16 years exp. (7 salaries)	₹2.8 L/yr - ₹5.3 L/yr 21% more
IIFL Finance BM Salary 5 - 11 years exp. (6 salaries)	₹4.8 L/yr - ₹6 L/yr 52% more
SMFG India Credit BM Salary 8 - 15 years exp. (4 salaries)	₹3.6 L/yr - ₹7.5 L/yr 62% more
Fusion Microfinance BM Salary 5 - 8 years exp. (3 salaries)	₹3.5 L/yr - ₹4.2 L/yr 10% more
Manappuram Finance BM Salary 2 - 11 years exp. (3 salaries)	₹3.6 L/yr - ₹4.6 L/yr 18% more
Tata Capital BM Salary 6 - 8 years exp. (3 salaries)	₹4.8 L/yr - ₹5.5 L/yr 50% more
HDB Financial Services BM Salary 10 - 11 years exp. (3 salaries)	₹5.2 L/yr - ₹6.3 L/yr 66% more

BM salary at Muthoot Microfin ranges between ₹3 Lakhs to ₹3.7 Lakhs per year for employees with experience between 4 years to 5 years. Salary estimates are based on 3 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin BM salaries

Last Updated: 5 Sep 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr

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Salary related reviews for Muthoot Microfin

Relationship Officer (working remotely)

Full Time

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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

Dislikes

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

Relationship Officer in Aluva

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4.0

• posted on 21 May 2022

3.0

for Salary and Benefits

Likes

...ironment and culture.Teammates are supportive and the management is transparent.company policies are better and also the salary package is good.

Dislikes

The appraisal were not effective for career growth.the notice period of 90 days is very lagging.

Relationship Officer in Kundapura

Other Department

5.0

• posted on 19 Apr 2021

3.0

for Salary and Benefits

Likes

Good work culture. Teammates are supportive and the management is good.company policies are good,appraisals are not fair and they give not good salary hike and bonus every year

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow.There is bond of 3years before which cannot resign

Relationship Officer in Nimbahera

BFSI, Investments & Trading Department

1.0

• posted on 08 Aug 2021

1.0

for Salary and Benefits

Likes

I don't like anything

Dislikes

Too much manual process Salary will not come in single payment No fix duty hours they will use you 6 am to 11 pm as a slave And most important thing " kam ni karna to ghar ja"

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.

Dislikes

My reporting persons behaviour was not good. Nothing else.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Muthoot Microfin BM Salary FAQs

What is the notice period for BM at Muthoot Microfin?

According to AmbitionBox, 50% of the Muthoot Microfin BMs reported a notice period of 15 days or less, 50% reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Muthoot Microfin BM Salaries

Muthoot Microfin BM salary in India ranges between ₹3 Lakhs to ₹3.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.