Muthoot Money Cluster Head Salaries by 5 Employees

14 - 18 years exp.

₹7 Lakhs - ₹7.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

48% less than the average Cluster Head Salary in Financial Services Companies for 14 - 18 years of experience

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Salaries in different departments

Sales & Business Development Cluster Head Salary 14 - 18 years exp. (4 salaries)	₹7 L/yr - ₹7.8 L/yr
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Marketing & Communication Cluster Head Salary 14 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.7 L/yr

Last Updated: 15 Mar 2023

Companies similar to Muthoot Money for Cluster Head

Company name	Avg Annual Salary	Open Jobs
Fortune Integrated Assets Finance Cluster Head Salary 10 - 16 years exp. (5 salaries)	₹4.2 L/yr - ₹8.5 L/yr 13% less
Choice Equity Broking Cluster Head Salary 10 - 16 years exp. (3 salaries)	₹6 L/yr - ₹8.7 L/yr At par
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Tradebulls Cluster Head Salary 7 - 12 years exp. (3 salaries)	₹6 L/yr - ₹11.2 L/yr 17% more
HDFC Bank Cluster Head Salary 9 - 21 years exp. (378 salaries)	₹9 L/yr - ₹32 L/yr 180% more
Jana Small Finance Bank Cluster Head Salary 5 - 15 years exp. (253 salaries)	₹3.6 L/yr - ₹15 L/yr 22% more

Cluster Head salary at Muthoot Money ranges between ₹7 Lakhs to ₹7.8 Lakhs per year for employees with experience between 14 years to 18 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Money.

Experience wise Muthoot Money Cluster Head salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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15+ years (3 salaries)	₹7 L/yr - ₹7.8 L/yr

Similar Designation salaries in Muthoot Money

Cluster Manager Salary

(5 salaries)

₹9.45 L/yr - ₹12 L/yr

Team Lead Salary

(3 salaries)

₹3 L/yr - ₹8.6 L/yr

Sales Officer Salary

(3 salaries)

₹1.6 L/yr - ₹1.9 L/yr

Sales Manager Salary

(19 salaries)

₹3 L/yr - ₹6.5 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹7.3 L/yr - ₹9.3 L/yr

Deputy Manager Salary

(6 salaries)

₹5.3 L/yr - ₹9 L/yr

Branch Manager Salary

(10 salaries)

₹3.1 L/yr - ₹6 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Relationship Manager Salary

(6 salaries)

₹2.5 L/yr - ₹3.4 L/yr

Salary related reviews for Muthoot Money

1.0

Rated by 1 employees for salary & benefits

Sales Manager in Kancheepuram

Full Time

Finance & Accounting Department

1.0

• posted on 03 Oct 2024

1.0

for Salary and Benefits

Likes

Carriers Spoil this company last 3month Future spoil in company not sitting in office. Waste of reporting manager

Dislikes

EMPOLYEE not safety and salary issue. reporting manager Communication Nil not supported. . Wrost of company totally waste of company

Salary - Bad

+6 more

Operations in Hyderabad / Secunderabad

Operations Department

1.0

• posted on 02 May 2021

1.0

for Salary and Benefits

Likes

HR policy very worst, offer letter and take home completely different ex. package,is 2.5lkahs,but we get just 2.2 lakhs waste company.

Work-life balance - Excellent

Dislikes

No Growth, we Technology software not there complete manual process, everyone HOD feel like MD.

Salary - Bad

+5 more

Cluster Manager-Banking Operations in Vijayawada

Full Time

Marketing & Communication Department

2.0

• posted on 18 Jan 2022

1.0

for Salary and Benefits

Likes

There is no job security, In carona first phase 120 employees jobs as taken suddenly, And remaining employees paid May salary and not paid April20 salary, Even in second wave may21 month paid 60% salary

Dislikes

Even carona situatuons, Thumb is manadatory for attendance and cant respect emoloyees, Cant pay salaries and conveyances properly

Salary - Bad

+6 more

Assistant Manager O&M in Madurai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 21 Jan 2025

2.0

for Salary and Benefits

Likes

Work culture and my supervisor are very good handling.

Dislikes

Once you can properly reliving this company.then you can't get received from settlement and not properly Reliving letter and experience letter also. HR department are very slow and not responding by any messages .

Salary - Poor

+6 more

HR Executive Recruiter in Hyderabad / Secunderabad

Full Time

Human Resources Department

1.0

• posted on 25 Jul 2024

3.0

for Salary and Benefits

Likes

Nothing

Job security - Good

Dislikes

I don't like anything in muthoot, they treat their employees like a slave, there is no respect at all. And your openion is not considered for any change of management. Boss culture is there.

Skill development - Bad

+4 more

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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 Money Cluster Head Salary FAQs

What is the salary of Cluster Head at Muthoot Money ?

The average salary of a Cluster Head at Muthoot Money in India typically ranges from ₹7.0 Lakhs to ₹7.8 Lakhs per year, depending on experience (from 14 years to 18 years).

The top 10% of Cluster Head at Muthoot Money earn more than ₹7.8 Lakhs per year, and the top 1% earn over ₹7.8 Lakhs per year. Cluster Head Salaries at Muthoot Money 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 5 Muthoot Money employees in India.

What is the estimated take home salary of a Cluster Head at Muthoot Money in India?

The estimated take-home salary of a Cluster Head at Muthoot Money in India typically ranges from ₹55,069 to ₹56,446 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹7.8 Lakhs per year for employees with experience ranging from 14 years to 18 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 5 salaries received from various employees of Muthoot Money. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Muthoot Money for Cluster Head in India?

HDFC Bank	₹9.0 Lakhs to ₹32.0 Lakhs per year
Jana Small Finance Bank	₹3.6 Lakhs to ₹15.0 Lakhs per year
Tradebulls	₹6.0 Lakhs to ₹11.2 Lakhs per year

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

What is the salary of a Cluster Head in companies similar to Muthoot Money in India?

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

Choice Equity Broking	₹6.0 Lakhs to ₹8.7 Lakhs per year
Fortune Integrated Assets Finance	₹4.2 Lakhs to ₹8.5 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 Cluster Head at Muthoot Money in India?

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

Experience	Average Salary Range
14 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
15 years	₹7.0 Lakhs to ₹7.8 Lakhs per year

and so on.

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Muthoot Money Cluster Head Salaries

Muthoot Money Cluster Head salary in India ranges between ₹7 Lakhs to ₹7.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Money latest salaries received from various employees of Muthoot Money.

Muthoot Money Cluster Head salaries in India

Companies similar to Muthoot Money for Cluster Head

Latest annual salaries shared by Muthoot Money Cluster Head

Experience wise Muthoot Money Cluster Head salaries

Similar Designation salaries in Muthoot Money

Salary related reviews for Muthoot Money

Sales Manager in Kancheepuram

Operations in Hyderabad / Secunderabad

Cluster Manager-Banking Operations in Vijayawada

Assistant Manager O&M in Madurai

HR Executive Recruiter in Hyderabad / Secunderabad

Muthoot Money Cluster Head Salary FAQs

Tell us how to improve this page.