UTI Asset Management Company Cluster Manager Salaries by 4 Employees (Updated 2024)

8 - 11 years exp.

₹9 Lakhs - ₹10 Lakhs

Salary of majority employees

7% more than the average Cluster Manager Salary in Financial Services Companies for 8 - 11 years of experience

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Salaries in different departments

Sales & Business Development Cluster Manager Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr
BFSI, Investments & Trading Cluster Manager Salary 11 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr
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Finance & Accounting Cluster Manager Salary 10 years exp. (AmbitionBox Estimate)	₹8.1 L/yr - ₹9.9 L/yr

Last Updated: 16 Mar 2023

Companies similar to UTI Asset Management Company for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Mutual Fund Cluster Manager Salary 6 - 18 years exp. (26 salaries)	₹8.4 L/yr - ₹21.6 L/yr 58% more
Nippon Life India Asset Management Cluster Manager Salary 13 - 18 years exp. (9 salaries)	₹13 L/yr - ₹19.8 L/yr 50% more
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Aditya Birla Health Insurance Co Cluster Manager Salary 3 - 11 years exp. (108 salaries)	₹3.5 L/yr - ₹10.8 L/yr 22% less
Kotak Mahindra Asset Management Company Cluster Manager Salary 5 - 10 years exp. (3 salaries)	₹8.6 L/yr - ₹12 L/yr 3% more
Axis Asset Management Company Cluster Manager Salary 0 - 15 years exp. (16 salaries)	₹4 L/yr - ₹6.8 L/yr 43% less
Axis Direct Cluster Manager Salary 0 - 10 years exp. (316 salaries)	₹2.5 L/yr - ₹5.7 L/yr 61% less
Kotak Securities Cluster Manager Salary 5 - 11 years exp. (45 salaries)	₹3.8 L/yr - ₹7.3 L/yr 40% less
Aadhar Housing Finance Cluster Manager Salary 7 - 18 years exp. (29 salaries)	₹7.5 L/yr - ₹15.2 L/yr 29% more
Edelweiss Cluster Manager Salary 11 - 15 years exp. (4 salaries)	₹16 L/yr - ₹17.1 L/yr 72% more
SBI Cards & Payment Services Cluster Manager Salary 9 - 10 years exp. (3 salaries)	₹10.5 L/yr - ₹16 L/yr 36% more

Cluster Manager salary at UTI Asset Management Company ranges between ₹9 Lakhs to ₹10 Lakhs per year for employees with experience between 8 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of UTI Asset Management Company.

Experience wise UTI Asset Management Company Cluster Manager salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹10 L/yr
9 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹10 L/yr
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10 years (AmbitionBox Estimate)	₹9 L/yr - ₹17.5 L/yr
11 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹10 L/yr

Similar Designation salaries in UTI Asset Management Company

Sales Manager Salary

(6 salaries)

₹5 L/yr - ₹12 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹7.3 L/yr - ₹9.3 L/yr

Relationship Manager Salary

(79 salaries)

₹3.6 L/yr - ₹9.5 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹5.5 L/yr - ₹7 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹1.1 L/yr - ₹1.4 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Business Development Manager Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Salary related reviews for UTI Asset Management Company

Manager in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 30 Sep 2024

5.0

for Salary and Benefits

Likes

...Opportunities for growth and development 3. Collaborative and supportive team 4. Competitive compensation and benefits 5. Diverse range of investment products and services 6. Strong brand reputation and industry presence 7. Learning opportunities from experienced professionals 8. Flexible work arrangements 9. Employee-friendly policies 10. Community outreach and CSR initiatives

Dislikes

Doesn't provide work from home opportunity. Overall good organization for all employees who are working in UTI AMC.

Branch Manager in Vijayawada

Full Time

Marketing & Communication Department

1.0

• posted on 06 May 2024

3.0

for Salary and Benefits

Likes

No point to be liking apart from the brand. Worst Ever Environment in my entire career. No one wants to drive the sales and development required by the management. Everyone feels like their own business and set their own rules. Never able to focus on core job.

Dislikes

Threateting culture, favouritism, partiality and almost Everything. The firm and its management is good. But the worst thing lies in the supervisor who are old staff here. They set their own rules. No possibility of completing core duties.

Regional Operations Coordinator in Mumbai

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 16 Jun 2024

5.0

for Salary and Benefits

Likes

I learnt lot of financial activities specially related to Mutual Fund industry. Sales and Operation work. On the field and back office work. Coordination with internal customers and external customers including Distributor and Investors. Full support and regular guidance from Senior Managers.

Dislikes

Nothing specific. UTI Mutual Fund is not believing in number one race.It believe in retaining existing investors with best returns and services.

Manager in Mumbai

Full Time

Sales & Business Development Department

2.0

• posted on 01 Oct 2024

3.0

for Salary and Benefits

Likes

Excellent work life balance and limited work pressure.

Dislikes

They promote literally anyone despite of their achievements past experience. You may get promoted within a year even if you can't read. People here are very close minded and doesn't want to adapt with the new things.

Regional Operations Coordinator in Mumbai

Full Time

Other Department

5.0

• posted on 20 Dec 2024

4.0

for Salary and Benefits

Likes

Excellent experience.... Learnt a lot....being oldest Mutual Fund...33 years...worked...taught from scratch. Excellent place to work with complete support from seniors and colleagues.

Dislikes

Almost...Nothing...

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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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UTI Asset Management Company Cluster Manager Salary FAQs

What is the salary of Cluster Manager at UTI Asset Management Company?

Cluster Manager salary at UTI Asset Management Company in India ranges between ₹9.0 Lakhs to ₹10.0 Lakhs for experience between 8 years to 11 years. According to our estimates it is 7% more than the average Cluster Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of UTI Asset Management Company India.

How does the salary of a Cluster Manager at UTI Asset Management Company India compare with the average salary range for this job?

The average salary of a Cluster Manager at UTI Asset Management Company is 7% more than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than UTI Asset Management Company to a Cluster Manager in India?

Edelweiss Cluster Manager Salary - ₹16.0 Lakhs to ₹17.1 Lakhs per year
ICICI Prudential Mutual Fund Cluster Manager Salary - ₹8.4 Lakhs to ₹21.6 Lakhs per year
Nippon Life India Asset Management Cluster Manager Salary - ₹13.0 Lakhs to ₹19.8 Lakhs per year
SBI Cards & Payment Services Cluster Manager Salary - ₹10.5 Lakhs to ₹16.0 Lakhs per year
Aadhar Housing Finance Cluster Manager Salary - ₹7.5 Lakhs to ₹15.2 Lakhs per year

What is the salary of a Cluster Manager in companies similar to UTI Asset Management Company in India?

Kotak Mahindra Asset Management Company Cluster Manager Salary - ₹8.6 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Health Insurance Co Cluster Manager Salary - ₹3.5 Lakhs to ₹10.8 Lakhs per year
Kotak Securities Cluster Manager Salary - ₹3.8 Lakhs to ₹7.3 Lakhs per year
Axis Asset Management Company Cluster Manager Salary - ₹4.0 Lakhs to ₹6.8 Lakhs per year
Axis Direct Cluster Manager Salary - ₹2.5 Lakhs to ₹5.7 Lakhs per year

What is the estimated take home salary of a Cluster Manager at UTI Asset Management Company in India?

The estimated take-home salary of a Cluster Manager at UTI Asset Management Company ranges between ₹70,533 per month to ₹72,347 per month in India. The take-home salary calculation is based on the average UTI Asset Management Company Cluster Manager salary in India which ranges between ₹9.0 Lakhs to ₹10.0 Lakhs per year for employees with experience between 8 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at UTI Asset Management Company?

According to AmbitionBox, 100% of the UTI Asset Management Company Cluster Managers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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UTI Asset Management Company Cluster Manager Salaries

UTI Asset Management Company Cluster Manager salary in India ranges between ₹9 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 UTI Asset Management Company latest salaries received from various employees of UTI Asset Management Company.