Spandana Sphoorty Financial Branch Manager 1 Salaries by 6 Employees

1 - 5 years exp.

₹1.8 Lakh - ₹4.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

47% less than the average Branch Manager 1 Salary in NBFC Companies for 1 - 5 years of experience

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Last Updated: 19 Oct 2023

Companies similar to Spandana Sphoorty Financial for Branch Manager 1

Company name	Avg Annual Salary	Open Jobs
IIFL Finance Branch Manager 1 Salary 2 - 12 years exp. (26 salaries)	₹3.7 L/yr - ₹6.5 L/yr 72% more
Muthoot Fincorp Branch Manager 1 Salary 4 - 15 years exp. (25 salaries)	₹3 L/yr - ₹5 L/yr 45% more
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Muthoot Finance Branch Manager 1 Salary 4 - 11 years exp. (22 salaries)	₹3 L/yr - ₹5.6 L/yr 47% more
Manappuram Finance Branch Manager 1 Salary 2 - 4 years exp. (8 salaries)	₹2.4 L/yr - ₹4.3 L/yr 1% more
Bharat Financial Inclusion Branch Manager 1 Salary 4 - 12 years exp. (5 salaries)	₹2.8 L/yr - ₹4.5 L/yr 20% more
Capri Global Capital Branch Manager 1 Salary 8 - 10 years exp. (5 salaries)	₹3.8 L/yr - ₹7.3 L/yr 83% more
Bajaj Finance Branch Manager 1 Salary 2 - 10 years exp. (5 salaries)	₹3.6 L/yr - ₹6.5 L/yr 74% more
SMFG India Credit Branch Manager 1 Salary 10 - 16 years exp. (5 salaries)	₹4.2 L/yr - ₹8.4 L/yr 125% more
Satin Creditcare Network Branch Manager 1 Salary 2 - 7 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 20% more
Asirvad Microfinance Branch Manager 1 Salary 3 - 7 years exp. (4 salaries)	₹3.4 L/yr - ₹3.6 L/yr 15% more
Mahindra Rural Housing Finance Branch Manager 1 Salary 5 - 8 years exp. (4 salaries)	₹4.1 L/yr - ₹6.5 L/yr 45% more
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Muthoot Microfin Branch Manager 1 Salary 2 - 6 years exp. (4 salaries)	₹2.5 L/yr - ₹4.5 L/yr 8% more
Aavas Financiers Branch Manager 1 Salary 3 - 8 years exp. (4 salaries)	₹3.8 L/yr - ₹4.5 L/yr 45% more
L&T Finance Branch Manager 1 Salary 3 - 8 years exp. (4 salaries)	₹3.5 L/yr - ₹4.8 L/yr 38% more
CreditAccess Grameen Branch Manager 1 Salary 6 - 9 years exp. (4 salaries)	₹3.6 L/yr - ₹8.6 L/yr 65% more
HDB Financial Services Branch Manager 1 Salary 3 - 6 years exp. (3 salaries)	₹6.1 L/yr - ₹8.5 L/yr 174% more

Branch Manager 1 salary at Spandana Sphoorty Financial ranges between ₹1.8 Lakh to ₹4.2 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Spandana Sphoorty Financial.

Experience wise Spandana Sphoorty Financial Branch Manager 1 salaries

Last Updated: 19 Oct 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.2 L/yr
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.2 L/yr
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3 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹5.4 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.4 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.5 L/yr

Similar Designation salaries in Spandana Sphoorty Financial

Branch Manager Salary

(154 salaries)

₹1.5 L/yr - ₹6.15 L/yr

Branch Incharge Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Area Manager Salary

(3 salaries)

₹5 L/yr - ₹9 L/yr

Credit Manager Salary

(6 salaries)

₹1.05 L/yr - ₹3.5 L/yr

Sales Manager Salary

(5 salaries)

₹2.4 L/yr - ₹5 L/yr

Branch Head Salary

(5 salaries)

₹3.25 L/yr - ₹4.2 L/yr

Deputy Manager Salary

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₹6.65 L/yr - ₹8.4 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Branch Manager Salary

(6 salaries)

₹3 L/yr - ₹5 L/yr

Cluster Manager Salary

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₹3.15 L/yr - ₹7.2 L/yr

Salary related reviews for Spandana Sphoorty Financial

3.1

Rated by 2 employees for salary & benefits

Accountant in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

5.0

• posted on 20 Oct 2023

3.0

for Salary and Benefits

Likes

I am proud to feel worked on spandana

Skill development - Excellent

+4 more

Dislikes

I worked in spandana 5.8 years but my salary with variable 3.2 lak per anum in my side give small suggestion for management please think about old employees for salaries hike so many employees completed in spandana 4 or 5 years but salaries 3 to 3.5 lak per anum they didn't get any holes and pramotion for that senior employees in freshers giving 3 laks above in that freshers don't have any experience but giving salaries 3 lakhs above what is the difference about experienced employees and freshers both are getting same salaries I am requesting think about senior employees

Branch Manager in Hyderabad / Secunderabad

Customer Success, Service & Operations Department

1.0

• posted on 05 Mar 2021

1.0

for Salary and Benefits

Likes

If you hate your family join spandana sphoorty, No family No week off, only begging infornt of borrowers houses. You can enjoy 24/7 beeging shiftm.... Very wonderfull to work with senior management ... They treat you like a begger infornt of temple... One and only worst never ever after company...

Dislikes

They give you salary like throwing biscuits to dog that too half biscuit....

Salary - Bad

+6 more

Branch Manager

Customer Success, Service & Operations Department

5.0

• posted on 26 Nov 2019

5.0

for Salary and Benefits

Likes

There is salary and appraisal are done with comfortable and learning some trick to crack the any uncomfortable situation.how to over come from pressure.

Salary - Excellent

+5 more

Dislikes

growth slow work pressure hihg i have worked 12-14 hours

Branch Manager in Katol

Finance & Accounting Department

5.0

• posted on 01 Aug 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Cluster Manager in Shivamogga

Other Department

5.0

• posted on 08 Apr 2018

5.0

for Salary and Benefits

Likes

...y to me in this company , iam joined on 13/08/2015 , company given promotions 2.2yrs in cluster manager, my salary taking in 40000above.

Salary - Excellent

+6 more

Dislikes

No limit time in this work

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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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Spandana Sphoorty Financial Branch Manager 1 Salary FAQs

What is the salary of Branch Manager 1 at Spandana Sphoorty Financial ?

The average salary of a Branch Manager 1 at Spandana Sphoorty Financial in India typically ranges from ₹1.8 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Branch Manager 1 at Spandana Sphoorty Financial earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. Branch Manager 1 Salaries at Spandana Sphoorty Financial 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 Spandana Sphoorty Financial employees in India.

What is the estimated take home salary of a Branch Manager 1 at Spandana Sphoorty Financial in India?

The estimated take-home salary of a Branch Manager 1 at Spandana Sphoorty Financial in India typically ranges from ₹21,498 to ₹23,139 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from 1 year to 5 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 Spandana Sphoorty Financial. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Spandana Sphoorty Financial for Branch Manager 1 in India?

HDB Financial Services	₹6.1 Lakhs to ₹8.5 Lakhs per year
SMFG India Credit	₹4.2 Lakhs to ₹8.4 Lakhs per year
Capri Global Capital	₹3.8 Lakhs to ₹7.3 Lakhs per year
Bajaj Finance	₹3.6 Lakhs to ₹6.5 Lakhs per year
IIFL Finance	₹3.7 Lakhs to ₹6.5 Lakhs per year

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

What is the salary of a Branch Manager 1 in companies similar to Spandana Sphoorty Financial in India?

The salary of a Branch Manager 1 at companies similar to Spandana Sphoorty Financial in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

CreditAccess Grameen	₹3.6 Lakhs to ₹8.6 Lakhs per year
Muthoot Finance	₹3.0 Lakhs to ₹5.6 Lakhs per year
Mahindra Rural Housing Finance	₹4.1 Lakhs to ₹6.5 Lakhs per year
Aavas Financiers	₹3.8 Lakhs to ₹4.5 Lakhs per year
Muthoot Fincorp	₹3.0 Lakhs to ₹5.0 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 1 at Spandana Sphoorty Financial in India?

The salary growth for a Branch Manager 1 at Spandana Sphoorty Financial depends on factors such as experience, performance, and promotions. On average, a Branch Manager 1 can expect the following growth trajectory at Spandana Sphoorty Financial:

Experience	Average Salary Range
1 year	₹1.6 Lakhs to ₹4.2 Lakhs per year
2 years	₹2.5 Lakhs to ₹4.2 Lakhs per year
3 years	₹2.9 Lakhs to ₹5.4 Lakhs per year
4 years	₹2.4 Lakhs to ₹4.4 Lakhs per year

and so on.

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Spandana Sphoorty Financial Branch Manager 1 salary in India ranges between ₹1.8 Lakh to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Spandana Sphoorty Financial latest salaries received from various employees of Spandana Sphoorty Financial.