UTI Asset Management Company Cluster Manager Salaries by 4 Employees

8 - 11 years exp.

₹9 Lakhs - ₹10 Lakhs

Avg. annual salary

Monthly In-hand Salary

5% 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
Axis Direct Cluster Manager Salary 1 - 10 years exp. (155 salaries)	₹2.5 L/yr - ₹5.7 L/yr 59% less
Aadhar Housing Finance Cluster Manager Salary 7 - 19 years exp. (32 salaries)	₹9.1 L/yr - ₹15.4 L/yr 30% more
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Kotak Securities Cluster Manager Salary 8 - 12 years exp. (29 salaries)	₹3.9 L/yr - ₹7.3 L/yr 40% less
ICICI Prudential Mutual Fund Cluster Manager Salary 6 - 18 years exp. (26 salaries)	₹8.4 L/yr - ₹21.6 L/yr 58% more
JM Financial Cluster Manager Salary 9 - 18 years exp. (8 salaries)	₹8.7 L/yr - ₹15 L/yr 20% more
Edelweiss Cluster Manager Salary 11 - 14 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)	₹8.9 L/yr - ₹11.4 L/yr
9 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
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10 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.2 L/yr
11 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr

Similar Designation salaries in UTI Asset Management Company

Cluster Head Salary

(3 salaries)

₹16 L/yr - ₹26.5 L/yr

Sales Manager Salary

(4 salaries)

₹6.53 L/yr - ₹7.7 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹6.6 L/yr - ₹8.4 L/yr

Relationship Manager Salary

(101 salaries)

₹3.15 L/yr - ₹9.5 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹5.5 L/yr - ₹7 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹1.5 L/yr - ₹2 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

Salary - Excellent

+6 more

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.

Skill development - Good

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.

Job security - Bad

+4 more

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.

Salary - Excellent

+6 more

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.

Job security - Excellent

+1 more

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.

Skill development - Bad

+3 more

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.

Salary - Good

+6 more

Dislikes

Almost...Nothing...

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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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UTI Asset Management Company Cluster Manager Salary FAQs

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

The average salary of a Cluster Manager at UTI Asset Management Company in India typically ranges from ₹9.0 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 8 years to 11 years).

The top 10% of Cluster Manager at UTI Asset Management Company earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Cluster Manager Salaries at UTI Asset Management Company 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 4 UTI Asset Management Company employees in India.

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 in India typically ranges from ₹70,533 to ₹72,347 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 8 years to 11 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 4 salaries received from various employees of UTI Asset Management Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than UTI Asset Management Company for Cluster Manager in India?

Edelweiss	₹16.0 Lakhs to ₹17.1 Lakhs per year
ICICI Prudential Mutual Fund	₹8.4 Lakhs to ₹21.6 Lakhs per year
SBI Cards & Payment Services	₹10.5 Lakhs to ₹16.0 Lakhs per year
Aadhar Housing Finance	₹9.1 Lakhs to ₹15.4 Lakhs per year
JM Financial	₹8.7 Lakhs to ₹15.0 Lakhs per year

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

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

The salary of a Cluster Manager at companies similar to UTI Asset Management Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Securities	₹3.9 Lakhs to ₹7.3 Lakhs per year
Axis Direct	₹2.5 Lakhs to ₹5.7 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 Cluster Manager at UTI Asset Management Company in India?

The salary growth for a Cluster Manager at UTI Asset Management Company depends on factors such as experience, performance, and promotions. On average, a Cluster Manager can expect the following growth trajectory at UTI Asset Management Company:

Experience	Average Salary Range
8 years	₹8.9 Lakhs to ₹11.4 Lakhs per year
9 years	₹8.8 Lakhs to ₹11.3 Lakhs per year
10 years	₹8.7 Lakhs to ₹11.2 Lakhs per year
11 years	₹8.6 Lakhs to ₹11.0 Lakhs per year

and so on.

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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.