Formidium Corp Senior Vice President Salaries by 6 Employees

16 - 17 years exp.

₹40 Lakhs - ₹60 Lakhs

Avg. annual salary

Monthly In-hand Salary

7% less than the average Senior Vice President Salary in Financial Services Companies for 16 - 17 years of experience

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Last Updated: 6 Oct 2024

Companies similar to Formidium Corp for Senior Vice President

Company name	Avg Annual Salary	Open Jobs
Orange Retail Finance Senior Vice President Salary 21 - 28 years exp. (4 salaries)	₹25 L/yr - ₹36 L/yr 46% less
Way2wealth Brokers Senior Vice President Salary 17 - 24 years exp. (3 salaries)	₹25 L/yr - ₹38 L/yr 45% less
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Yes Bank Senior Vice President Salary 10 - 23 years exp. (810 salaries)	₹15 L/yr - ₹45 L/yr 42% less
Citicorp Senior Vice President Salary 14 - 24 years exp. (425 salaries)	₹43 L/yr - ₹1.1 Cr/yr 36% more
Axis Bank Senior Vice President Salary 13 - 27 years exp. (240 salaries)	₹33 L/yr - ₹1 Cr/yr 12% more

Senior Vice President salary at Formidium Corp ranges between ₹40 Lakhs to ₹60 Lakhs per year for employees with experience between 16 years to 17 years. Salary estimates are based on 6 latest salaries received from various employees of Formidium Corp.

Experience wise Formidium Corp Senior Vice President salaries

Last Updated: 6 Oct 2024

Experience	Avg Annual Salary
15+ years (6 salaries)	₹40 L/yr - ₹60 L/yr
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Similar Designation salaries in Formidium Corp

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Salary related reviews for Formidium Corp

Team Manager in Jaipur

Full Time

Finance & Accounting Department

1.0

• posted on 12 Oct 2023

1.0

for Salary and Benefits

Likes

Worst company

Dislikes

...basis. AVP Hr is very unprofessional and rude in their behaviour with employees. Only dry promotion are given here without salary hike. Also for gaining promotions you have to do jee hazuri

Salary - Bad

+6 more

Associate in Jaipur

Full Time

Project & Program Management Department

1.0

• posted on 20 Dec 2023

1.0

for Salary and Benefits

Likes

Leave policy

Dislikes

...g in the team. SVP totally insane person doesn't know anything going in team. No promotion no salary hike after 2 years also.

Salary - Bad

+6 more

Associate Business Analysis Manager in Jaipur

Full Time

Project & Program Management Department

1.0

• posted on 02 Mar 2023

1.0

for Salary and Benefits

Likes

Here is nothing to like.

Dislikes

...Appraisal - Company is not promoting the deserving candidate since last 2 years. Promotion without increase in pay is common here. No appraisal no appreciation is here. 3. Salary and Hike - Package is below industry pay, co-founders accept it but says company is not in good condition to pay any amount right now. no appreciation money for anything 4.Skill Development - Monotonous work in each department. There are no good seniors in any team who can lead you and help you to learn. 5. Work satisfaction - everyone is living with a afraid of job loss, no identification in this company. 6. Company culture - there are three things to say about company culture. i) They promotes only relatives, relatives can get 3 promotion in a year. ii) Favouritism - If you are favourite to your manager you will automatic got good hike promotion etc. iii) Nepotism is on the high here. No clear vision of co-founders and founders, this is the worst company to work. If you want stress in your life and insecurities about job please go for this company.

Salary - Bad

+6 more

Associate Manager Finance in Jaipur

Full Time

Finance & Accounting Department

5.0

• posted on 14 Sep 2023

5.0

for Salary and Benefits

Likes

Excellent work culture with flexible work timing with no undue work pressure. Unlimited leaves for those having reasonable cause and no pay cutting for the leaves taken. Supportive team and motivating team and managers.

Salary - Excellent

+6 more

Dislikes

Nothing

Associate Manager in Jaipur

Full Time

Project & Program Management Department

1.0

• posted on 04 Mar 2023

1.0

for Salary and Benefits

Likes

Nothing to like here until you are the relatives of co-founders.

Dislikes

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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Formidium Corp Senior Vice President Salary FAQs

What is the salary of Senior Vice President at Formidium Corp ?

The average salary of a Senior Vice President at Formidium Corp in India typically ranges from ₹40.0 Lakhs to ₹60.0 Lakhs per year, depending on experience (from 16 years to 17 years).

The top 10% of Senior Vice President at Formidium Corp earn more than ₹60.0 Lakhs per year, and the top 1% earn over ₹60.0 Lakhs per year. Senior Vice President Salaries at Formidium Corp 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 Formidium Corp employees in India.

What is the estimated take home salary of a Senior Vice President at Formidium Corp in India?

The estimated take-home salary of a Senior Vice President at Formidium Corp in India typically ranges from ₹3,17,782 to ₹3,29,933 per month. This is based on the average salary range of ₹40.0 Lakhs to ₹60.0 Lakhs per year for employees with experience ranging from 16 years to 17 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 Formidium Corp. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Formidium Corp for Senior Vice President in India?

Citicorp	₹43.0 Lakhs to ₹112.0 Lakhs per year
Axis Bank	₹33.0 Lakhs to ₹101.7 Lakhs per year

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

What is the salary of a Senior Vice President in companies similar to Formidium Corp in India?

The salary of a Senior Vice President at companies similar to Formidium Corp in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yes Bank	₹15.0 Lakhs to ₹45.0 Lakhs per year
Way2wealth Brokers	₹25.0 Lakhs to ₹38.0 Lakhs per year
Orange Retail Finance	₹25.0 Lakhs to ₹36.0 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 Senior Vice President at Formidium Corp in India?

The salary growth for a Senior Vice President at Formidium Corp depends on factors such as experience, performance, and promotions. On average, a Senior Vice President can expect the following growth trajectory at Formidium Corp:

Experience	Average Salary Range
15 years	₹40.0 Lakhs to ₹60.0 Lakhs per year

and so on.

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Formidium Corp Senior Vice President Salaries

Formidium Corp Senior Vice President salary in India ranges between ₹40 Lakhs to ₹60 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Formidium Corp latest salaries received from various employees of Formidium Corp.