Shikhar Microfinance Area Manager Salaries by 5 Employees (Updated 2024)

5 - 10 years exp.

₹3.3 Lakhs - ₹4.1 Lakhs

Low Confidence

Salary of majority employees

62% less than the average Area Manager Salary in NBFC Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Manager Salary 7 - 10 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.1 L/yr
Sales & Business Development Area Manager Salary 9 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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Risk Management & Compliance Area Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.7 L/yr

Last Updated: 12 Oct 2024

Companies similar to Shikhar Microfinance for Area Manager

Company name	Avg Annual Salary	Open Jobs
Bandhan Bank Area Manager Salary 0 - 14 years exp. (455 salaries)	₹2.4 L/yr - ₹10 L/yr 39% more
Ujjivan Financial Services Area Manager Salary 6 - 14 years exp. (4 salaries)	₹4.4 L/yr - ₹16 L/yr 171% more
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Bharat Financial Inclusion Area Manager Salary 1 - 11 years exp. (15 salaries)	₹3.3 L/yr - ₹11 L/yr 109% more
Jana Small Finance Bank Area Manager Salary 3 - 10 years exp. (141 salaries)	₹1.5 L/yr - ₹8 L/yr 20% more
Equitas Small Finance Bank Area Manager Salary 10 - 21 years exp. (19 salaries)	₹8.5 L/yr - ₹20.4 L/yr 276% more	1 job opening
Satin Creditcare Network Area Manager Salary 6 - 11 years exp. (5 salaries)	₹3.6 L/yr - ₹5.2 L/yr 26% more
CreditAccess Grameen Area Manager Salary 8 - 16 years exp. (67 salaries)	₹3.7 L/yr - ₹9 L/yr 54% more
Spandana Sphoorty Financial Area Manager Salary 1 - 10 years exp. (3 salaries)	₹5 L/yr - ₹9 L/yr 89% more
Utkarsh Small Finance Bank Area Manager Salary 4 - 12 years exp. (41 salaries)	₹3.5 L/yr - ₹8.5 L/yr 43% more
Svatantra Microfin Area Manager Salary 5 - 9 years exp. (32 salaries)	₹4 L/yr - ₹7.1 L/yr 57% more
HDB Financial Services Area Manager Salary 7 - 19 years exp. (225 salaries)	₹6 L/yr - ₹16.5 L/yr 196% more	4 job openings
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Bajaj Finance Area Manager Salary 5 - 13 years exp. (121 salaries)	₹5.6 L/yr - ₹16 L/yr 184% more
Bajaj Housing Finance Area Manager Salary 5 - 14 years exp. (114 salaries)	₹6.1 L/yr - ₹17 L/yr 247% more
SMFG India Credit Area Manager Salary 7 - 18 years exp. (15 salaries)	₹7.5 L/yr - ₹16.9 L/yr 233% more
Anand Rathi Global Finance Area Manager Salary 14 - 22 years exp. (5 salaries)	₹6 L/yr - ₹11.2 L/yr 119% more
Paisalo Digital Area Manager Salary 9 - 15 years exp. (5 salaries)	₹2.4 L/yr - ₹7.5 L/yr 31% more
Poonawalla Finance Area Manager Salary 5 - 14 years exp. (5 salaries)	₹9 L/yr - ₹13 L/yr 180% more
Hinduja Finance Area Manager Salary 3 - 5 years exp. (3 salaries)	₹3.5 L/yr - ₹6 L/yr 30% more
Rattanindia Finance Area Manager Salary 2 - 8 years exp. (3 salaries)	₹4.5 L/yr - ₹6.5 L/yr 40% more

Area Manager salary at Shikhar Microfinance ranges between ₹3.3 Lakhs to ₹4.1 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Shikhar Microfinance.

Experience wise Shikhar Microfinance Area Manager salaries

Last Updated: 12 Oct 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹6.6 L/yr
6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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7 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.1 L/yr
8 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
9 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4 L/yr
10 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.6 L/yr

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Similar Designation salaries in Shikhar Microfinance

Sales Manager Salary

(3 salaries)

₹3.5 L/yr - ₹4.3 L/yr

Branch Manager Salary

(5 salaries)

₹1.8 L/yr - ₹3.1 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Regional Manager Salary

(AmbitionBox Estimate)

₹5.5 L/yr - ₹7 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹3.5 L/yr - ₹4.5 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Territory Sales Manager Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Salary related reviews for Shikhar Microfinance

5.0

Rated by 2 employees for salary & benefits

Branch Manager in Najibabad

Sales & Business Development Department

5.0

• posted on 31 Jan 2020

3.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology.. work environment is too good.

Dislikes

Compensation is not good.. Incentive is bad.. Company do not pay Incentive at time. Travel claim is not on time.

Branch Manager in New Delhi

Full Time

Sales & Business Development Department

5.0

• posted on 11 Sep 2023

5.0

for Salary and Benefits

Likes

There are many benefits of working in Shikhar. The first advantage is that Shikhar is a family and secondly the seniors here help each other and take them forward.

Dislikes

Shikhar Company is a best company, there is no such problem in it which may cause problem in our work and we do not like it, there is nothing like that.

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Top trending discussions

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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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Shikhar Microfinance Area Manager Salary FAQs

What is the salary of Area Manager at Shikhar Microfinance?

Area Manager salary at Shikhar Microfinance in India ranges between ₹3.3 Lakhs to ₹4.1 Lakhs for experience between 5 years to 10 years. According to our estimates it is 62% less than the average Area Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Shikhar Microfinance India.

How does the salary of a Area Manager at Shikhar Microfinance India compare with the average salary range for this job?

The average salary of a Area Manager at Shikhar Microfinance is 62% less than the average salary of a Area Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Shikhar Microfinance to a Area Manager in India?

Equitas Small Finance Bank Area Manager Salary - ₹8.5 Lakhs to ₹20.4 Lakhs per year
Bajaj Housing Finance Area Manager Salary - ₹6.1 Lakhs to ₹17.0 Lakhs per year
SMFG India Credit Area Manager Salary - ₹7.5 Lakhs to ₹16.9 Lakhs per year
HDB Financial Services Area Manager Salary - ₹6.0 Lakhs to ₹16.5 Lakhs per year
Bajaj Finance Area Manager Salary - ₹5.6 Lakhs to ₹16.0 Lakhs per year

What is the salary of a Area Manager in companies similar to Shikhar Microfinance in India?

Poonawalla Finance Area Manager Salary - ₹9.0 Lakhs to ₹13.0 Lakhs per year
Ujjivan Financial Services Area Manager Salary - ₹4.4 Lakhs to ₹16.0 Lakhs per year
Anand Rathi Global Finance Area Manager Salary - ₹6.0 Lakhs to ₹11.2 Lakhs per year
Bharat Financial Inclusion Area Manager Salary - ₹3.3 Lakhs to ₹11.0 Lakhs per year
Spandana Sphoorty Financial Area Manager Salary - ₹5.0 Lakhs to ₹9.0 Lakhs per year

What is the estimated take home salary of a Area Manager at Shikhar Microfinance in India?

The estimated take-home salary of a Area Manager at Shikhar Microfinance ranges between ₹26,943 per month to ₹28,353 per month in India. The take-home salary calculation is based on the average Shikhar Microfinance Area Manager salary in India which ranges between ₹3.3 Lakhs to ₹4.1 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Area Manager at Shikhar Microfinance?

According to AmbitionBox, 40% of the Shikhar Microfinance Area Managers reported a notice period of 15 days or less, 40% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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Shikhar Microfinance Area Manager Salaries

Shikhar Microfinance Area Manager salary in India ranges between ₹3.3 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Shikhar Microfinance latest salaries received from various employees of Shikhar Microfinance.