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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.

PositionSalary 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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:

  1. Planning Finances: They set goals and make detailed plans to reach them, managing budgets along the way.
  2. Keeping Track of Money: Finance Executives ensure all financial statements and reports are accurate and compliant with regulations.
  3. Analyzing Data: They dig into financial info to spot trends, find areas for improvement, and help make smart decisions.
  4. Setting Rules: They create and enforce policies to make sure money matters are handled properly and legally.
  5. Managing Risks: They evaluate investment opportunities and develop strategies to handle financial risks.
  6. Approving Transactions: They review and OK important financial moves like contracts and payments.
  7. Negotiating Deals: Finance Executives work with lenders and investors to get the best terms for the organization.
  8. Guiding Others: They offer advice and support to colleagues, helping them understand financial decisions.

 

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