Muthoot Microfin Senior Divisional Manager Salaries by 6 Employees

6 - 12 years exp.

₹5.5 Lakhs - ₹7.1 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

64% less than the average Senior Divisional Manager Salary in NBFC Companies for 6 - 12 years of experience

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Salaries in different departments

Sales & Business Development Senior Divisional Manager Salary 6 - 11 years exp. (3 salaries)	₹6.2 L/yr - ₹6.3 L/yr
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Finance & Accounting Senior Divisional Manager Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr

Last Updated: 13 Apr 2024

Companies similar to Muthoot Microfin for Senior Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Fusion Microfinance Senior Divisional Manager Salary 11 - 17 years exp. (12 salaries)	₹7.5 L/yr - ₹9 L/yr 36% more
Asirvad Microfinance Senior Divisional Manager Salary 11 - 12 years exp. (5 salaries)	₹7.2 L/yr - ₹9 L/yr 28% more
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Muthoot Fincorp Senior Divisional Manager Salary 10 - 14 years exp. (3 salaries)	₹5 L/yr - ₹9 L/yr 8% more
AU Small Finance Bank Senior Divisional Manager Salary 8 - 17 years exp. (46 salaries)	₹7.4 L/yr - ₹17 L/yr 97% more
SBI Life Insurance Company Senior Divisional Manager Salary 14 - 25 years exp. (26 salaries)	₹15 L/yr - ₹28.8 L/yr 263% more

Senior Divisional Manager salary at Muthoot Microfin ranges between ₹5.5 Lakhs to ₹7.1 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Microfin.

Experience wise Muthoot Microfin Senior Divisional Manager salaries

Last Updated: 13 Apr 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.2 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹6.2 L/yr
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8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7.1 L/yr
9 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
10 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
11 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.3 L/yr
12 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹11.3 L/yr

View all

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₹3.5 L/yr - ₹4.5 L/yr

Regional Manager Salary

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Regional Credit Manager Salary

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₹4.2 L/yr - ₹7 L/yr

Area Collection Manager Salary

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₹3.7 L/yr - ₹4.7 L/yr

Relationship Manager Salary

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Salary related reviews for Muthoot Microfin

4.6

Rated by 4 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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Top trending discussions

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Muthoot Microfin Senior Divisional Manager Salary FAQs

What is the salary of Senior Divisional Manager at Muthoot Microfin ?

The average salary of a Senior Divisional Manager at Muthoot Microfin in India typically ranges from ₹5.5 Lakhs to ₹7.1 Lakhs per year, depending on experience (from 6 years to 12 years).

The top 10% of Senior Divisional Manager at Muthoot Microfin earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹7.1 Lakhs per year. Senior 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 6 Muthoot Microfin employees in India.

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

The estimated take-home salary of a Senior Divisional Manager at Muthoot Microfin in India typically ranges from ₹46,782 to ₹47,890 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹7.1 Lakhs per year for employees with experience ranging from 6 years to 12 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 6 salaries received from various employees of Muthoot Microfin. Check how we calculate in-hand salary with our in-hand salary calculator.

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

SBI Life Insurance Company	₹15.0 Lakhs to ₹28.8 Lakhs per year
AU Small Finance Bank	₹7.4 Lakhs to ₹17.0 Lakhs per year
Fusion Microfinance	₹7.5 Lakhs to ₹9.0 Lakhs per year
Asirvad Microfinance	₹7.2 Lakhs to ₹9.0 Lakhs per year
Muthoot Fincorp	₹5.0 Lakhs to ₹9.0 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.

How the salary growth look like for a Senior Divisional Manager at Muthoot Microfin in India?

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

Experience	Average Salary Range
6 years	₹2.4 Lakhs to ₹6.2 Lakhs per year
7 years	₹5.5 Lakhs to ₹6.2 Lakhs per year
8 years	₹2.5 Lakhs to ₹7.1 Lakhs per year
9 years	₹5.6 Lakhs to ₹7.1 Lakhs per year

and so on.

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Muthoot Microfin Senior Divisional Manager Salaries

Muthoot Microfin Senior Divisional Manager salary in India ranges between ₹5.5 Lakhs to ₹7.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Muthoot Microfin latest salaries received from various employees of Muthoot Microfin.