Shikhar Microfinance Branch Manager Salaries by 5 Employees

5 - 9 years exp.

₹1.8 Lakh - ₹3.1 Lakhs

Low Confidence

Salary of majority employees

72% less than the average Branch Manager Salary in NBFC Companies for 5 - 9 years of experience

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Salaries in different departments

Sales & Business Development Branch Manager Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.1 L/yr
Finance & Accounting Branch Manager Salary 9 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr
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Procurement & Supply Chain Branch Manager Salary 7 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 4 Jun 2023

Companies similar to Shikhar Microfinance for Branch Manager

Company name	Avg Annual Salary	Open Jobs
Bandhan Bank Branch Manager Salary 5 - 19 years exp. (450 salaries)	₹3.8 L/yr - ₹20.3 L/yr 336% more	1 job opening
Ujjivan Financial Services Branch Manager Salary 2 - 12 years exp. (12 salaries)	₹3.3 L/yr - ₹9.5 L/yr 155% more	2 job openings
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Bharat Financial Inclusion Branch Manager Salary 3 - 10 years exp. (227 salaries)	₹1.8 L/yr - ₹6.3 L/yr 43% more
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Equitas Small Finance Bank Branch Manager Salary 5 - 16 years exp. (250 salaries)	₹3.6 L/yr - ₹14.5 L/yr 219% more	28 job openings
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Spandana Sphoorty Financial Branch Manager Salary 2 - 9 years exp. (153 salaries)	₹1.4 L/yr - ₹6.1 L/yr 46% more
Utkarsh Small Finance Bank Branch Manager Salary 5 - 17 years exp. (255 salaries)	₹3.8 L/yr - ₹14 L/yr 243% more
Svatantra Microfin Branch Manager Salary 2 - 8 years exp. (94 salaries)	₹2.1 L/yr - ₹6 L/yr 42% more
HDB Financial Services Branch Manager Salary 6 - 18 years exp. (301 salaries)	₹4.4 L/yr - ₹14 L/yr 252% more	13 job openings
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SMFG India Credit Branch Manager Salary 7 - 18 years exp. (175 salaries)	₹4 L/yr - ₹15 L/yr 245% more	1 job opening
Bajaj Finance Branch Manager Salary 4 - 13 years exp. (170 salaries)	₹2.9 L/yr - ₹8.9 L/yr 144% more	272 job openings
Bajaj Housing Finance Branch Manager Salary 4 - 10 years exp. (62 salaries)	₹3 L/yr - ₹9.3 L/yr 151% more
Srg Housing Finance Branch Manager Salary 5 - 10 years exp. (30 salaries)	₹3.2 L/yr - ₹7.1 L/yr 105% more	1 job opening
Sewa Grih Rin Branch Manager Salary 3 - 12 years exp. (28 salaries)	₹3.4 L/yr - ₹7.2 L/yr 115% more
Aditya Birla Finance Branch Manager Salary 4 - 12 years exp. (13 salaries)	₹5.2 L/yr - ₹8.7 L/yr 168% more
Indian School Finance Company Branch Manager Salary 7 - 15 years exp. (8 salaries)	₹5.3 L/yr - ₹9 L/yr 147% more
Anand Rathi Global Finance Branch Manager Salary 3 - 13 years exp. (6 salaries)	₹4 L/yr - ₹5.7 L/yr 99% more
Paisalo Digital Branch Manager Salary 3 - 13 years exp. (7 salaries)	₹2.4 L/yr - ₹3.6 L/yr 13% more

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Branch Manager salary at Shikhar Microfinance ranges between ₹1.8 Lakh to ₹3.1 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 5 latest salaries received from various employees of Shikhar Microfinance.

Experience wise Shikhar Microfinance Branch Manager salaries

Last Updated: 4 Jun 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.6 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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7 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.1 L/yr
8 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4 L/yr
9 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹1.8 L/yr

Similar Designation salaries in Shikhar Microfinance

Area Manager Salary

(5 salaries)

₹3.32 L/yr - ₹4.34 L/yr

Credit Manager Salary

(7 salaries)

₹4 L/yr - ₹5 L/yr

Sales Manager Salary

(3 salaries)

₹3.5 L/yr - ₹4.3 L/yr

Branch Head Salary

(AmbitionBox Estimate)

₹0.3 L/yr - ₹0.3 L/yr

Senior Branch Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Operations Manager Salary

(3 salaries)

₹1.8 L/yr - ₹3.5 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹3.5 L/yr - ₹4.5 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Salary related reviews for Shikhar Microfinance

4.7

Rated by 4 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.

Skill development - Good

+5 more

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.

Salary - Excellent

+6 more

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.

see more salary related reviews

Top trending discussions

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Shikhar Microfinance Branch Manager Salary FAQs

What is the salary of Branch Manager at Shikhar Microfinance ?

The average salary of a Branch Manager at Shikhar Microfinance in India typically ranges from ₹1.8 Lakhs to ₹3.1 Lakhs per year, depending on experience (from 5 years to 9 years).

The top 10% of Branch Manager at Shikhar Microfinance earn more than ₹3.1 Lakhs per year, and the top 1% earn over ₹3.1 Lakhs per year. Branch Manager Salaries at Shikhar Microfinance 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 Shikhar Microfinance employees in India.

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

The estimated take-home salary of a Branch Manager at Shikhar Microfinance in India typically ranges from ₹18,170 to ₹19,861 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹3.1 Lakhs per year for employees with experience ranging from 5 years to 9 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 Shikhar Microfinance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Shikhar Microfinance for Branch Manager in India?

Bandhan Bank	₹3.8 Lakhs to ₹20.3 Lakhs per year
HDB Financial Services	₹4.4 Lakhs to ₹14.0 Lakhs per year
SMFG India Credit	₹4.0 Lakhs to ₹15.0 Lakhs per year
Utkarsh Small Finance Bank	₹3.8 Lakhs to ₹14.0 Lakhs per year
Jana Small Finance Bank	₹4.0 Lakhs to ₹14.0 Lakhs per year

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

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

The salary of a Branch Manager at companies similar to Shikhar Microfinance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Equitas Small Finance Bank	₹3.6 Lakhs to ₹14.5 Lakhs per year
Poonawalla Finance	₹5.8 Lakhs to ₹9.0 Lakhs per year
Aditya Birla Finance	₹5.2 Lakhs to ₹8.7 Lakhs per year
Ujjivan Financial Services	₹3.3 Lakhs to ₹9.5 Lakhs per year
Bajaj Housing Finance	₹3.0 Lakhs to ₹9.3 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 Branch Manager at Shikhar Microfinance in India?

The salary growth for a Branch Manager at Shikhar Microfinance depends on factors such as experience, performance, and promotions. On average, a Branch Manager can expect the following growth trajectory at Shikhar Microfinance:

Experience	Average Salary Range
5 years	₹3.0 Lakhs to ₹5.6 Lakhs per year
6 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
7 years	₹1.1 Lakhs to ₹3.1 Lakhs per year
8 years	₹1.8 Lakhs to ₹4.0 Lakhs per year

and so on.

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Shikhar Microfinance Branch Manager Salaries

Shikhar Microfinance Branch Manager salary in India ranges between ₹1.8 Lakh to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Shikhar Microfinance latest salaries received from various employees of Shikhar Microfinance.