Muthoot Microfin Divisional Manager Salaries by 30+ Employees (Updated 2024)

6 - 13 years exp.

₹3.5 Lakhs - ₹7 Lakhs

Salary of majority employees

67% 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. (11 salaries)	₹4.4 L/yr - ₹7 L/yr
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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 - ₹5.6 L/yr
Customer Success, Service & Operations Divisional Manager Salary 10 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.5 L/yr

Last Updated: 3 Dec 2024

Companies similar to Muthoot Microfin for Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Mahindra Finance Divisional Manager Salary 10 - 22 years exp. (201 salaries)	₹7.8 L/yr - ₹29.4 L/yr 212% more	1 job opening
Shriram Finance Divisional Manager Salary 6 - 16 years exp. (31 salaries)	₹2.5 L/yr - ₹8 L/yr 1% more
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Bharat Financial Inclusion Divisional Manager Salary 0 - 17 years exp. (162 salaries)	₹5.1 L/yr - ₹15.2 L/yr 67% more
IIFL SAMASTA Divisional Manager Salary 0 - 13 years exp. (79 salaries)	₹5 L/yr - ₹11.4 L/yr 39% more
Fusion Microfinance Divisional Manager Salary 8 - 13 years exp. (23 salaries)	₹6 L/yr - ₹8.5 L/yr 29% more
Spandana Sphoorty Financial Divisional Manager Salary 2 - 17 years exp. (12 salaries)	₹4.3 L/yr - ₹6.5 L/yr 4% more
Utkarsh Small Finance Bank Divisional Manager Salary 5 - 12 years exp. (11 salaries)	₹4 L/yr - ₹8.2 L/yr 18% more
L&T Finance Divisional Manager Salary 1 - 16 years exp. (7 salaries)	₹6.4 L/yr - ₹15.7 L/yr 140% more
IIFL Finance Divisional Manager Salary 5 - 11 years exp. (7 salaries)	₹3.5 L/yr - ₹8.5 L/yr 6% less
Svatantra Microfin Divisional Manager Salary 7 - 18 years exp. (6 salaries)	₹5.5 L/yr - ₹21 L/yr 143% more
Muthoot Fincorp Divisional Manager Salary 2 - 12 years exp. (5 salaries)	₹3.6 L/yr - ₹8.7 L/yr 8% less
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CreditAccess Grameen Divisional Manager Salary 11 - 16 years exp. (4 salaries)	₹6.5 L/yr - ₹12 L/yr 106% more
Satin Creditcare Network Divisional Manager Salary 8 - 12 years exp. (3 salaries)	₹5.5 L/yr - ₹6.6 L/yr 7% 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 38 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin Divisional Manager salaries

Last Updated: 3 Dec 2024

Experience	Avg Annual Salary
6 years (3 salaries)	₹4.4 L/yr - ₹9.6 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 (6 salaries)	₹5.3 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

(31 salaries)

₹5 L/yr - ₹10 L/yr

Store Manager Salary

(4 salaries)

₹30.6 L/yr - ₹46 L/yr

Branch Manager Salary

(105 salaries)

₹2 L/yr - ₹4.5 L/yr

Area Manager Salary

(54 salaries)

₹2.15 L/yr - ₹5.4 L/yr

Relationship Manager Salary

(5 salaries)

₹1.2 L/yr - ₹2.4 L/yr

Deputy Manager Salary

(25 salaries)

₹2.9 L/yr - ₹7.68 L/yr

Sales Manager Salary

(6 salaries)

₹1.84 L/yr - ₹3.19 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Area Sales Manager Salary

(3 salaries)

₹4 L/yr - ₹6.5 L/yr

Sales Officer Salary

(4 salaries)

₹2.4 L/yr - ₹3 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

4.8

Rated by 21 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.

Dislikes

My reporting persons behaviour was not good. Nothing else.

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

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

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.

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

Dislikes

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

Relationship Officer in Aluva

Operations Department

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.

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Salary Discussions, Hike & Promotions

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 Divisional Manager Salary FAQs

What is the salary of Divisional Manager at Muthoot Microfin?

Divisional Manager salary at Muthoot Microfin in India ranges between ₹3.5 Lakhs to ₹7.0 Lakhs for experience between 6 years to 13 years. According to our estimates it is 67% less than the average Divisional Manager Salary in India. Salary estimates are based on 38 latest salaries received from various employees of Muthoot Microfin India.

How does the salary of a Divisional Manager at Muthoot Microfin India compare with the average salary range for this job?

The average salary of a Divisional Manager at Muthoot Microfin is 67% less than the average salary of a Divisional Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Divisional Manager at Muthoot Microfin?

Training Management, Process Training, Product Training, Branch Operations and Team Handling are some of the popular skills required to work as a Divisional Manager at Muthoot Microfin India.

Which similar companies are paying more than Muthoot Microfin to a Divisional Manager in India?

Mahindra Finance Divisional Manager Salary - ₹7.8 Lakhs to ₹29.4 Lakhs per year
Svatantra Microfin Divisional Manager Salary - ₹5.5 Lakhs to ₹21.0 Lakhs per year
L&T Finance Divisional Manager Salary - ₹6.4 Lakhs to ₹15.7 Lakhs per year
CreditAccess Grameen Divisional Manager Salary - ₹6.5 Lakhs to ₹12.0 Lakhs per year
Bharat Financial Inclusion Divisional Manager Salary - ₹5.1 Lakhs to ₹15.2 Lakhs per year

What is the salary of a Divisional Manager in companies similar to Muthoot Microfin in India?

IIFL SAMASTA Divisional Manager Salary - ₹5.0 Lakhs to ₹11.4 Lakhs per year
Fusion Microfinance Divisional Manager Salary - ₹6.0 Lakhs to ₹8.5 Lakhs per year
Utkarsh Small Finance Bank Divisional Manager Salary - ₹4.0 Lakhs to ₹8.2 Lakhs per year
Satin Creditcare Network Divisional Manager Salary - ₹5.5 Lakhs to ₹6.6 Lakhs per year
Spandana Sphoorty Financial Divisional Manager Salary - ₹4.3 Lakhs to ₹6.5 Lakhs per year

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 ranges between ₹41,446 per month to ₹42,590 per month in India. The take-home salary calculation is based on the average Muthoot Microfin Divisional Manager salary in India which ranges between ₹3.5 Lakhs to ₹7.0 Lakhs per year for employees with experience between 6 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Divisional Manager at Muthoot Microfin?

According to AmbitionBox, 69% of the Muthoot Microfin Divisional Managers reported a notice period of 3 Months, 17% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 51 responses on AmbitionBox in last 2 years.

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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 38 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.

Muthoot Microfin Divisional Manager salaries in India

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

Senior Relationship Officer in Berhampur

Credit Executive in Near Mushi Pulia Metro Station, Lucknow

Relationship Officer (working remotely)

Relationship Officer in Aluva

Muthoot Microfin Divisional Manager Salary FAQs

Tell us how to improve this page.

Muthoot Microfin Divisional Manager Salaries by Location