Spandana Sphoorty Financial Divisional Manager Salaries by 9 Employees (Updated 2025)

3 - 18 years exp.

₹4.8 Lakhs - ₹10 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

63% less than the average Divisional Manager Salary in NBFC Companies for 3 - 18 years of experience

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Last Updated: 11 Jan 2025

Companies similar to Spandana Sphoorty Financial for Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Mahindra Finance Divisional Manager Salary 9 - 24 years exp. (222 salaries)	₹7.8 L/yr - ₹31 L/yr 170% more	1 job opening
Bharat Financial Inclusion Divisional Manager Salary 0 - 17 years exp. (163 salaries)	₹5.6 L/yr - ₹15.2 L/yr 40% more
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Muthoot Microfin Divisional Manager Salary 6 - 13 years exp. (37 salaries)	₹3.5 L/yr - ₹7 L/yr 15% less
Asirvad Microfinance Divisional Manager Salary 6 - 15 years exp. (29 salaries)	₹3.8 L/yr - ₹7.2 L/yr 9% less
Shriram Finance Divisional Manager Salary 9 - 17 years exp. (26 salaries)	₹3.3 L/yr - ₹8.5 L/yr 9% less
IIFL Finance Divisional Manager Salary 5 - 11 years exp. (8 salaries)	₹3.5 L/yr - ₹8.5 L/yr 19% less
L&T Finance Divisional Manager Salary 1 - 16 years exp. (8 salaries)	₹6.4 L/yr - ₹15.7 L/yr 121% more
Muthoot Fincorp Divisional Manager Salary 2 - 12 years exp. (5 salaries)	₹3.6 L/yr - ₹8.7 L/yr 22% less
Satin Creditcare Network Divisional Manager Salary 8 - 10 years exp. (3 salaries)	₹5.5 L/yr - ₹6.1 L/yr 14% less

Divisional Manager salary at Spandana Sphoorty Financial ranges between ₹4.8 Lakhs to ₹10 Lakhs per year for employees with experience between 3 years to 18 years. Salary estimates are based on 9 latest salaries received from various employees of Spandana Sphoorty Financial.

Latest annual salaries shared by Spandana Sphoorty Financial Divisional Manager

1w ago

₹4.8 Lakhs

17 years exp.

8mo ago

₹4.8 Lakhs

16 years exp.

1y ago

₹6.5 Lakhs

14 years exp.

1y ago

₹6.5 Lakhs

4 years exp.

1y ago

₹6.5 Lakhs

14 years exp.

1y ago

13 years exp.

1y ago

18 years exp.

1y ago

4 years exp.

1y ago

3 years exp.

Experience wise Spandana Sphoorty Financial Divisional Manager salaries

Last Updated: 11 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹10 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹10 L/yr
Login to view exact salary
5 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
6 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
7 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
8 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
9 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
10 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
11 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
12 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
13 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹11.8 L/yr
14 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹11.8 L/yr
15+ years (3 salaries)	₹4.8 L/yr - ₹11.9 L/yr

View all

Similar Designation salaries in Spandana Sphoorty Financial

Regional Manager Salary

(7 salaries)

₹3.64 L/yr - ₹5.4 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Branch Manager Salary

(154 salaries)

₹1.5 L/yr - ₹6.15 L/yr

Area Manager Salary

(3 salaries)

₹5 L/yr - ₹9 L/yr

Relationship Manager Salary

(5 salaries)

₹1.8 L/yr - ₹3.2 L/yr

Deputy Manager Salary

(9 salaries)

₹6.65 L/yr - ₹8.4 L/yr

Sales Manager Salary

(5 salaries)

₹2.4 L/yr - ₹5 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Sales Officer Salary

(4 salaries)

₹1.1 L/yr - ₹2.75 L/yr

Salary related reviews for Spandana Sphoorty Financial

2.2

Rated by 11 employees for salary & benefits

Divisional Manager in Hyderabad / Secunderabad

Full Time

Operations Department

1.0

• posted on 03 Oct 2020

1.0

for Salary and Benefits

Likes

Joined the company by Feb 2020 and after a month the company asked me to come for an review and gave me a room for stay. When the lockdown was implemented they cancelled my room and asked to take care of my stay on my own. They never helped me during the crisis. But all they need from a employee is 100% recovery and they don't pay on time.

Dislikes

...as work starts by 6 am in the morning and extends to 10 pm approx. in the night. The CTC is huge but the salary is deducted using silly reasons and we get only less in hand.

Salary - Bad

+6 more

Divisional Manager in Prayagraj / Allahabad

Business Operations Department

3.0

• posted on 03 Apr 2022

2.0

for Salary and Benefits

Likes

Spandana having ample of growth opportunities and placing nearby your home town. Salary is ok.

Dislikes

Spandana don't have work life balance. They have poor travel policy and salary not comes on time if you are above than BM.

Salary - Poor

+3 more

Divisional Manager in Bhubaneswar

BFSI, Investments & Trading Department

5.0

• posted on 06 Sep 2018

4.0

for Salary and Benefits

Likes

Teammates was very experienced and cooperatives.I had started my career here and getting very good experience here with lot of promotions.

Salary - Good

+3 more

Dislikes

...m was very poor in Spandana.Policy and process changes frequently by management.Salary not comes in timely.

Business Development Executive in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 30 Sep 2024

1.0

for Salary and Benefits

Likes

Only Job security. Bad projects and no future prospects after working here, so they are looking for manual workers.

Dislikes

No hike, politics, unprofessional behaviour, difficult getting leaves, expected to stay late and work after officr hours

Salary - Bad

+5 more

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

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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 Divisional Manager Salary FAQs

What is the salary of Divisional Manager at Spandana Sphoorty Financial ?

The average salary of a Divisional Manager at Spandana Sphoorty Financial in India typically ranges from ₹4.8 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 3 years to 18 years).

The top 10% of Divisional Manager at Spandana Sphoorty Financial earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Divisional Manager 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 9 Spandana Sphoorty Financial employees in India.

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

The estimated take-home salary of a Divisional Manager at Spandana Sphoorty Financial in India typically ranges from ₹49,627 to ₹50,799 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 3 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 9 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 Divisional Manager in India?

Mahindra Finance	₹7.8 Lakhs to ₹31.0 Lakhs per year
L&T Finance	₹6.4 Lakhs to ₹15.7 Lakhs per year
Bharat Financial Inclusion	₹5.6 Lakhs to ₹15.2 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 Divisional Manager in companies similar to Spandana Sphoorty Financial in India?

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

Asirvad Microfinance	₹3.8 Lakhs to ₹7.2 Lakhs per year
Shriram Finance	₹3.3 Lakhs to ₹8.5 Lakhs per year
Satin Creditcare Network	₹5.5 Lakhs to ₹6.1 Lakhs per year
Muthoot Microfin	₹3.5 Lakhs to ₹7.0 Lakhs per year
IIFL Finance	₹3.5 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 Divisional Manager at Spandana Sphoorty Financial in India?

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

Experience	Average Salary Range
3 years	₹2.6 Lakhs to ₹10.0 Lakhs per year
4 years	₹2.6 Lakhs to ₹10.0 Lakhs per year
5 years	₹5.8 Lakhs to ₹7.4 Lakhs per year
6 years	₹5.8 Lakhs to ₹7.4 Lakhs per year

and so on.

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Spandana Sphoorty Financial Divisional Manager Salaries

Spandana Sphoorty Financial Divisional Manager salary in India ranges between ₹4.8 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Spandana Sphoorty Financial latest salaries received from various employees of Spandana Sphoorty Financial.