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Principal Mutual Fund Sales Manager salaries in India

Annual salary range
8 - 15 years exp.
₹8.1 Lakhs - ₹9 Lakhs
Salary of majority employees
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16% more than the average Sales Manager Salary in Financial Services Companies for 8 - 15 years of experience

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Salaries in different departments

Sales & Business Development
Sales Manager Salary
12 - 15 years exp. (3 salaries)
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₹8.5 L/yr - ₹9 L/yr

BFSI, Investments & Trading
Sales Manager Salary
8 years exp. (AmbitionBox Estimate)
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₹7.3 L/yr - ₹8.9 L/yr

Last Updated: 14 Mar 2023

Companies similar to Principal Mutual Fund for Sales Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Sales Manager Salary

0 - 16 years exp. (4.3k salaries)

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₹2.8 L/yr - ₹11.8 L/yr

arrow icon 12% less
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Axis Bank Sales Manager Salary

0 - 16 years exp. (3k salaries)

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₹3 L/yr - ₹13 L/yr

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0 - 14 years exp. (1.1k salaries)

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₹1 L/yr - ₹6.5 L/yr

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Bajaj Finserv Sales Manager Salary

0 - 10 years exp. (1k salaries)

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₹1.5 L/yr - ₹9.6 L/yr

arrow icon 32% less
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IDFC FIRST Bank Sales Manager Salary

0 - 12 years exp. (992 salaries)

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₹2.2 L/yr - ₹10 L/yr

arrow icon 22% less
4 job openings
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₹2.5 L/yr - ₹10.6 L/yr

arrow icon 17% less
20 job openings
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Kotak Mahindra Bank Sales Manager Salary

0 - 12 years exp. (869 salaries)

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₹2 L/yr - ₹10 L/yr

arrow icon 24% less
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Bajaj Finance Sales Manager Salary

0 - 10 years exp. (820 salaries)

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₹1.2 L/yr - ₹8.5 L/yr

arrow icon 35% less
2 job openings
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Yes Bank Sales Manager Salary

0 - 14 years exp. (759 salaries)

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₹2.4 L/yr - ₹11 L/yr

arrow icon 18% less
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HDFC Life Sales Manager Salary

0 - 11 years exp. (704 salaries)

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₹1.6 L/yr - ₹7.5 L/yr

arrow icon 42% less
5 job openings
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Axis Max Life Insurance Sales Manager Salary

0 - 10 years exp. (614 salaries)

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₹2.7 L/yr - ₹6.2 L/yr

arrow icon 44% less
5 job openings
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ICICI Bank Sales Manager Salary

0 - 15 years exp. (588 salaries)

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₹2 L/yr - ₹11.1 L/yr

arrow icon 18% less
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₹2 L/yr - ₹11.4 L/yr

arrow icon 19% less
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IndusInd Bank Sales Manager Salary

2 - 13 years exp. (439 salaries)

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₹2 L/yr - ₹12 L/yr

arrow icon 18% less
2 job openings
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Deutsche Bank Sales Manager Salary

1 - 9 years exp. (338 salaries)

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₹3 L/yr - ₹10 L/yr

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31 job openings
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₹1.6 L/yr - ₹7 L/yr

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Bandhan Bank Sales Manager Salary

2 - 11 years exp. (206 salaries)

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₹2.2 L/yr - ₹10.8 L/yr

arrow icon 25% less
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AU Small Finance Bank Sales Manager Salary

4 - 11 years exp. (171 salaries)

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₹2 L/yr - ₹11.1 L/yr

arrow icon 19% less
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Udaan Sales Manager Salary

1 - 10 years exp. (61 salaries)

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₹1.8 L/yr - ₹8 L/yr

arrow icon 53% less
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Standard Chartered Sales Manager Salary

3 - 11 years exp. (55 salaries)

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₹4 L/yr - ₹15 L/yr

arrow icon 2% more
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Sales Manager salary at Principal Mutual Fund ranges between ₹8.1 Lakhs to ₹9 Lakhs per year for employees with experience between 8 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Principal Mutual Fund.

Latest annual salaries shared by Principal Mutual Fund Sales Manager

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15 years exp.
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12 years exp.
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13 years exp.
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8 years exp.

Experience wise Principal Mutual Fund Sales Manager salaries

Last Updated: 14 Mar 2023

Experience Avg Annual Salary
8 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹8.1 L/yr
9 years (AmbitionBox Estimate)

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₹7.3 L/yr - ₹9.3 L/yr
10 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.4 L/yr
11 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.5 L/yr
12 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹9 L/yr
View all

Similar Designation salaries in Principal Mutual Fund

Area Manager Salary
(AmbitionBox Estimate)
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₹17.5 L/yr - ₹22.3 L/yr
Area Sales Manager Salary
(AmbitionBox Estimate)
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₹22 L/yr - ₹28.1 L/yr
Sales Executive Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹3 L/yr
Assistant Sales Manager Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr
Relationship Manager Salary
(AmbitionBox Estimate)
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₹7 L/yr - ₹9 L/yr

Salary related reviews for Principal Mutual Fund

3.9

Rated by 3 employees for salary & benefits

Customer Success, Service & Operations Department

5.0
  •  posted on 29 Jun 2022

5.0
 for  Salary and Benefits

Likes

The best part about Principal is that people listen to you. They act on all the feedbacks given and always, always look forward to constructive ways to make an employee's life easier.

read more
  • Salary - Excellent
  • +4 more

Dislikes

Compensation is decent, but very few career growth opportunities. Considering that it was a very small setup in India, there were not many individuals to guide you for training. It was on the job training most of the time.

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Principal Mutual Fund Sales Manager Salary FAQs

What is the salary of Sales Manager at Principal Mutual Fund ?
The average salary of a Sales Manager at Principal Mutual Fund in India typically ranges from ₹8.1 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 8 years to 15 years).

The top 10% of Sales Manager at Principal Mutual Fund earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Sales Manager Salaries at Principal Mutual Fund 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 4 Principal Mutual Fund employees in India.
What is the estimated take home salary of a Sales Manager at Principal Mutual Fund in India?
The estimated take-home salary of a Sales Manager at Principal Mutual Fund in India typically ranges from ₹60,372 to ₹61,899 per month. This is based on the average salary range of ₹8.1 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 8 years to 15 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 4 salaries received from various employees of Principal Mutual Fund. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Principal Mutual Fund for Sales Manager in India?
IBM ₹18.5 Lakhs to ₹65.5 Lakhs per year
Barclays ₹4.6 Lakhs to ₹41.0 Lakhs per year
Mphasis ₹11.5 Lakhs to ₹19.0 Lakhs per year
Bank of America ₹5.4 Lakhs to ₹15.5 Lakhs per year
Ashok Leyland ₹4.9 Lakhs to ₹12.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Principal Mutual Fund, depending on the role and experience level.
What is the salary of a Sales Manager in companies similar to Principal Mutual Fund in India?
The salary of a Sales Manager at companies similar to Principal Mutual Fund in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Standard Chartered ₹4.0 Lakhs to ₹15.0 Lakhs per year
TCS ₹3.2 Lakhs to ₹10.1 Lakhs per year
Axis Bank ₹3.0 Lakhs to ₹13.0 Lakhs per year
HDFC Bank ₹2.8 Lakhs to ₹11.8 Lakhs per year
ICICI Prudential Life Insurance ₹2.5 Lakhs to ₹10.6 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 Sales Manager at Principal Mutual Fund in India?
The salary growth for a Sales Manager at Principal Mutual Fund depends on factors such as experience, performance, and promotions. On average, a Sales Manager can expect the following growth trajectory at Principal Mutual Fund:

Experience Average Salary Range
8 years ₹3.2 Lakhs to ₹8.1 Lakhs per year
9 years ₹7.3 Lakhs to ₹9.3 Lakhs per year
10 years ₹7.4 Lakhs to ₹9.4 Lakhs per year
11 years ₹7.4 Lakhs to ₹9.5 Lakhs per year
and so on.

Tell us how to improve this page.

Principal Mutual Fund Sales Manager salary in India ranges between ₹8.1 Lakhs to ₹9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Principal Mutual Fund latest salaries received from various employees of Principal Mutual Fund.