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What is the salary of a Finance Executive at Indian Oil Corporation?
The average salary for a Finance Executive at Indian Oil Corporation in India is around ₹9.0 Lakhs per year, ranging from ₹6.8 Lakhs to ₹9.7 Lakhs.
| Position | Salary Range (Monthly) |
| Finance Executive | ₹60,000 – ₹55,000 |
| Assistant Officer (A0) | ₹50,000 – ₹1,60,000 |
| Officer (A) | ₹60,000 – ₹1,80,000 |
| Assistant Manager (B) | ₹70,000 – ₹2,00,000 |
| Deputy Manager (C) | ₹80,000 – ₹2,20,000 |
| Manager (D) | ₹90,000 – ₹2,40,000 |
| Senior Manager (E) | ₹1,00,000 – ₹2,60,000 |
| Chief Manager (F) | ₹1,20,000 – ₹2,80,000 |
| Dy. General Manager (G) | ₹1,20,000 – ₹2,80,000 |
| General Manager (H) | ₹1,20,000 – ₹2,80,000 |
| Executive Director (I) | ₹1,50,000 – ₹3,00,000 |
| Director | ₹1,80,000 – ₹3,40,000 |
| Chairman | ₹2,00,000 – ₹3,70,000 |
Here are some extra perks and support programs that Finance Executives at Indian Oil Corporation (IOCL) might enjoy:
- Help with Housing: IOCL can assist with finding housing or offer allowances to help with rent or mortgage payments. This support varies depending on where you work and your position.
- Covering Commuting Costs: You might get help with travel expenses, like fuel costs or public transportation fares. This can ease the burden of getting to and from work.
- Staying Healthy: IOCL cares about your well-being. They might offer wellness programs to help you stay fit physically and mentally. These could include gym memberships, health check-ups, counseling services, and even workshops on nutrition and stress management.
- Wellness Allowances: Some companies give employees a fixed amount each month to spend on wellness-related things like gym memberships, fitness classes, or wellness retreats. This could be a perk offered at IOCL too.
Here's a breakdown of what a Finance Executive does:
- Planning Finances: They set goals and make detailed plans to reach them, managing budgets along the way.
- Keeping Track of Money: Finance Executives ensure all financial statements and reports are accurate and compliant with regulations.
- Analyzing Data: They dig into financial info to spot trends, find areas for improvement, and help make smart decisions.
- Setting Rules: They create and enforce policies to make sure money matters are handled properly and legally.
- Managing Risks: They evaluate investment opportunities and develop strategies to handle financial risks.
- Approving Transactions: They review and OK important financial moves like contracts and payments.
- Negotiating Deals: Finance Executives work with lenders and investors to get the best terms for the organization.
- Guiding Others: They offer advice and support to colleagues, helping them understand financial decisions.
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