Muthoot Microfin Divisional Manager Salaries by 30+ Employees (Updated 2025)

6 - 13 years exp.

₹3.5 Lakhs - ₹7 Lakhs

Salary of majority employees

68% less than the average Divisional Manager Salary in NBFC Companies for 6 - 13 years of experience

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Salaries in different departments

Sales & Business Development Divisional Manager Salary 6 - 13 years exp. (14 salaries)	₹4.4 L/yr - ₹7 L/yr
BFSI, Investments & Trading Divisional Manager Salary 7 - 13 years exp. (9 salaries)	₹4.4 L/yr - ₹7 L/yr
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Customer Success, Service & Operations Divisional Manager Salary 10 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.5 L/yr
Engineering - Hardware & Networks Divisional Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.7 L/yr
Finance & Accounting Divisional Manager Salary 8 - 12 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹5.5 L/yr

Last Updated: 18 Mar 2025

Companies similar to Muthoot Microfin for Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Mahindra Finance Divisional Manager Salary 9 - 22 years exp. (215 salaries)	₹7.2 L/yr - ₹26 L/yr 205% more	1 job opening
Bharat Financial Inclusion Divisional Manager Salary 0 - 17 years exp. (163 salaries)	₹5.6 L/yr - ₹15.2 L/yr 63% more
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IIFL SAMASTA Divisional Manager Salary 0 - 14 years exp. (73 salaries)	₹6 L/yr - ₹10.2 L/yr 41% more
Asirvad Microfinance Divisional Manager Salary 6 - 15 years exp. (29 salaries)	₹3.8 L/yr - ₹7.2 L/yr 7% more
Shriram Finance Divisional Manager Salary 9 - 17 years exp. (26 salaries)	₹3.3 L/yr - ₹8.5 L/yr 6% more
Fusion Microfinance Divisional Manager Salary 8 - 15 years exp. (25 salaries)	₹6 L/yr - ₹8.5 L/yr 29% more
Spandana Sphoorty Financial Divisional Manager Salary 3 - 18 years exp. (9 salaries)	₹4.8 L/yr - ₹10 L/yr 17% more
IIFL Finance Divisional Manager Salary 5 - 11 years exp. (8 salaries)	₹3.5 L/yr - ₹8.5 L/yr 5% less
Svatantra Microfin Divisional Manager Salary 7 - 18 years exp. (8 salaries)	₹6.6 L/yr - ₹21 L/yr 151% more
L&T Finance Divisional Manager Salary 1 - 16 years exp. (7 salaries)	₹6.4 L/yr - ₹15.7 L/yr 136% more
Muthoot Fincorp Divisional Manager Salary 2 - 12 years exp. (5 salaries)	₹3.6 L/yr - ₹8.7 L/yr 9% less
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Satin Creditcare Network Divisional Manager Salary 8 - 10 years exp. (3 salaries)	₹5.5 L/yr - ₹6.1 L/yr 1% more

Divisional Manager salary at Muthoot Microfin ranges between ₹3.5 Lakhs to ₹7 Lakhs per year for employees with experience between 6 years to 13 years. Salary estimates are based on 37 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin Divisional Manager salaries

Last Updated: 18 Mar 2025

Experience	Avg Annual Salary
6 years (3 salaries)	₹4.4 L/yr - ₹9.8 L/yr
7 years (6 salaries)	₹4.3 L/yr - ₹6.6 L/yr
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8 years (8 salaries)	₹4.3 L/yr - ₹7 L/yr
9 years (5 salaries)	₹2.2 L/yr - ₹6.6 L/yr
10 years (8 salaries)	₹3.5 L/yr - ₹7 L/yr
11 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹7 L/yr
12 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.5 L/yr
13 years (4 salaries)	₹4.8 L/yr - ₹6.8 L/yr

View all

Similar Designation salaries in Muthoot Microfin

Regional Manager Salary

(27 salaries)

₹5 L/yr - ₹11.15 L/yr

Branch Manager Salary

(108 salaries)

₹2 L/yr - ₹4.5 L/yr

Area Manager Salary

(58 salaries)

₹2.15 L/yr - ₹5.55 L/yr

Relationship Manager Salary

(5 salaries)

₹1.2 L/yr - ₹2.43 L/yr

Deputy Manager Salary

(35 salaries)

₹2.9 L/yr - ₹6 L/yr

Sales Manager Salary

(6 salaries)

₹1.84 L/yr - ₹3.19 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Area Sales Manager Salary

(4 salaries)

₹4 L/yr - ₹6.5 L/yr

Sales Officer Salary

(4 salaries)

₹2.4 L/yr - ₹3 L/yr

Team Lead Salary

(6 salaries)

₹2.85 L/yr - ₹3.31 L/yr

Top skills at Muthoot Microfin for Divisional Manager

Training Management Process Training Product Training Branch Operations Team Handling Training Coordination Operations Management Branch Management Excel Microfinance Capacity Building Branch Handling Induction New Product Learning

Salary related reviews for Muthoot Microfin

4.5

Rated by 20 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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Salary Discussions, Hike & Promotions

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 Divisional Manager Salary FAQs

What is the salary of Divisional Manager at Muthoot Microfin ?

The average salary of a Divisional Manager at Muthoot Microfin in India typically ranges from ₹3.5 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 6 years to 13 years).

The top 10% of Divisional Manager at Muthoot Microfin earn more than ₹6.8 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Divisional 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 30+ Muthoot Microfin employees in India.

What is the estimated take home salary of a Divisional Manager at Muthoot Microfin in India?

The estimated take-home salary of a Divisional Manager at Muthoot Microfin in India typically ranges from ₹42,062 to ₹43,197 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 6 years to 13 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 Muthoot Microfin. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Divisional Manager at Muthoot Microfin ?

To be a Divisional Manager at Muthoot Microfin in india, the key skills required include:

- Training Management
- Process Training
- Product Training
- Branch Operations
- Team Handling

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 Divisional Manager in India?

Mahindra Finance	₹7.2 Lakhs to ₹26.0 Lakhs per year
Svatantra Microfin	₹6.6 Lakhs to ₹21.0 Lakhs per year
L&T Finance	₹6.4 Lakhs to ₹15.7 Lakhs per year
Bharat Financial Inclusion	₹5.6 Lakhs to ₹15.2 Lakhs per year
IIFL SAMASTA	₹6.0 Lakhs to ₹10.2 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 Divisional Manager in companies similar to Muthoot Microfin in India?

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

Fusion Microfinance	₹6.0 Lakhs to ₹8.5 Lakhs per year
Spandana Sphoorty Financial	₹4.8 Lakhs to ₹10.0 Lakhs per year
Asirvad Microfinance	₹3.8 Lakhs to ₹7.2 Lakhs per year
Shriram Finance	₹3.3 Lakhs to ₹8.5 Lakhs per year
Satin Creditcare Network	₹5.5 Lakhs to ₹6.1 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 Divisional Manager at Muthoot Microfin in India?

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

Experience	Average Salary Range
6 years	₹4.4 Lakhs to ₹9.8 Lakhs per year
7 years	₹4.3 Lakhs to ₹6.6 Lakhs per year
8 years	₹4.3 Lakhs to ₹7.0 Lakhs per year
9 years	₹2.2 Lakhs to ₹6.6 Lakhs per year

and so on.

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Muthoot Microfin Divisional Manager Salaries by Location

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Muthoot Microfin Divisional Manager Salaries

Muthoot Microfin Divisional Manager salary in India ranges between ₹3.5 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 37 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.

Muthoot Microfin Divisional Manager salaries in India (Updated 2025)

Companies similar to Muthoot Microfin for Divisional Manager

Latest annual salaries shared by Muthoot Microfin Divisional Manager

Experience wise Muthoot Microfin Divisional Manager salaries

Similar Designation salaries in Muthoot Microfin

Top skills at Muthoot Microfin for Divisional Manager

Salary related reviews for Muthoot Microfin

Manager in Sangli

Branch Relationship Manager Operation in Bijnor

Senior Relationship Officer in Berhampur

Credit Executive in Near Mushi Pulia Metro Station, Lucknow

Relationship Officer (working remotely)

Muthoot Microfin Divisional Manager Salary FAQs

Tell us how to improve this page.

Muthoot Microfin Divisional Manager Salaries by Location