Magma Fincorp Ltd
bankingfinancial services insurance
3.4Overall
Rating Breakdown
Salary
3.4
Work-Life
3.3
Culture
3.5
Growth
3.2
Company Info
- Founded
- 1988
- Employees
- 5001 - 10000
- Turnover (Cr)
- ₹500 - 1000 Cr
- Headquarters
- Kolkata, West Bengal
Pros & Cons(308 reviews)
👍 Pros
- Salary38
- Quality of Work35
- Work Environment33
- Work-Life Balance29
- People/Colleagues22
👎 Cons
- Average Yearly Appraisal32
- Processes and systems30
- Limited Career Growth Opportunities27
- No Flexi Hours18
- Limited Training and Development16
Salary
Is the salary as per market standard?
Yes
58 (47%)
No
65 (53%)
Tell us about your last increment
Less than 10%
55 (44%)
10-15%
29 (23%)
15-20%
22 (17%)
Not Eligible
20 (16%)
Work life balance
How many hours you normally work in a day?
5-6 Hours
4 (44%)
8-10 Hours
5 (56%)
10+ Hours
0 (0%)
Does Magma Fincorp Ltd have a flexible working hours policy?
Yes
5 (56%)
No
3 (33%)
Case to case basis
1 (11%)
Company culture
How smart are your colleagues?
Extremely smart
36 (29%)
Average
74 (59%)
Below average
16 (13%)
How punctual are your co-workers?
Always on time
59 (45%)
Most of time
54 (41%)
Seldom on time
19 (14%)
How often do you have parties/offsites?
Weekly
13 (10%)
Monthly
15 (11%)
Quarterly
17 (13%)
Yearly
35 (27%)
Managment doesn't believe in it
51 (39%)
Career growth
How often do employees get promotions?
Less than 1 year
17 (13%)
1-2 Years
38 (29%)
2-3 Years
23 (18%)
3+ Years
53 (40%)
How many trainings do you attend every year?
More than 6 times in a year
23 (17%)
3-5 times in a year
23 (17%)
1-2 times in a year
43 (32%)
No such programs
44 (33%)
Salary Insights
| Role | Min | Avg | Max |
|---|---|---|---|
| Collections Manager/ Head | ₹243K | ₹554K | ₹1175K |
| Collections Officer | ₹168K | ₹299K | ₹532K |
| Sales Executive/ Officer | ₹160K | ₹251K | ₹368K |
| Relationship Executive/ Manager | ₹184K | ₹349K | ₹583K |
| Area/ Territory Sales Manager | ₹259K | ₹548K | ₹890K |
| Credit Analyst/ Officer | ₹188K | ₹363K | ₹584K |
| Other Financial Services | ₹184K | ₹407K | ₹1077K |
| Accountant/ Accounts Executive | ₹158K | ₹229K | ₹317K |
| Operations Executive/ Officer | ₹160K | ₹237K | ₹356K |
| Operations/ Documentation - Executive/ Manager | ₹171K | ₹315K | ₹664K |