Bank of Maharashtra Business Development Manager Salaries by 3 Employees (Updated 2025)

3 - 6 years exp.

₹5 Lakhs - ₹13 Lakhs

Low Confidence

Salary of majority employees

At par with the average Business Development Manager Salary in Banking Companies for 3 - 6 years of experience

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Salaries in different departments

Sales & Business Development Business Development Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr
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BFSI, Investments & Trading Business Development Manager Salary 6 years exp. (AmbitionBox Estimate)	₹11.7 L/yr - ₹14.3 L/yr

Last Updated: 29 Sep 2024

Companies similar to Bank of Maharashtra for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
State Bank of India Business Development Manager Salary 3 - 9 years exp. (10 salaries)	₹2 L/yr - ₹6 L/yr 45% less
ICICI Bank Business Development Manager Salary 1 - 10 years exp. (109 salaries)	₹2.1 L/yr - ₹9 L/yr 25% less
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HDFC Bank Business Development Manager Salary 1 - 13 years exp. (126 salaries)	₹2 L/yr - ₹10.5 L/yr 27% less	1 job opening
Axis Bank Business Development Manager Salary 0 - 10 years exp. (119 salaries)	₹1.8 L/yr - ₹6.9 L/yr 47% less
Kotak Mahindra Bank Business Development Manager Salary 1 - 8 years exp. (39 salaries)	₹1.5 L/yr - ₹8 L/yr 46% less
Bank of Baroda Business Development Manager Salary 0 - 6 years exp. (32 salaries)	₹2 L/yr - ₹4.2 L/yr 61% less
Canara Bank Business Development Manager Salary 1 - 30 years exp. (3 salaries)	₹2.7 L/yr - ₹7 L/yr 28% less
IndusInd Bank Business Development Manager Salary 0 - 8 years exp. (1.4k salaries)	₹1.8 L/yr - ₹5.2 L/yr 51% less	48 job openings
Yes Bank Business Development Manager Salary 3 - 10 years exp. (19 salaries)	₹2.3 L/yr - ₹9.9 L/yr 28% less
Standard Chartered Business Development Manager Salary 4 - 12 years exp. (437 salaries)	₹3.5 L/yr - ₹14.5 L/yr 7% more
Equitas Small Finance Bank Business Development Manager Salary 2 - 12 years exp. (140 salaries)	₹1.8 L/yr - ₹9.2 L/yr 25% less
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IDFC FIRST Bank Business Development Manager Salary 1 - 10 years exp. (46 salaries)	₹2.1 L/yr - ₹5.2 L/yr 61% less
Jana Small Finance Bank Business Development Manager Salary 0 - 14 years exp. (26 salaries)	₹1.8 L/yr - ₹5.7 L/yr 52% less
AU Small Finance Bank Business Development Manager Salary 2 - 10 years exp. (8 salaries)	₹3 L/yr - ₹5.5 L/yr 51% less
IDBI Bank Business Development Manager Salary 4 - 9 years exp. (4 salaries)	₹2 L/yr - ₹4.2 L/yr 57% less
Ujjivan Small Finance Bank Business Development Manager Salary 3 - 8 years exp. (4 salaries)	₹3.5 L/yr - ₹4 L/yr 52% less
DBS Bank Business Development Manager Salary 3 - 14 years exp. (4 salaries)	₹2.8 L/yr - ₹5 L/yr 47% less
NatWest Group Business Development Manager Salary 6 - 20 years exp. (4 salaries)	₹8 L/yr - ₹57.8 L/yr 305% more
Federal Bank Business Development Manager Salary 1 - 5 years exp. (3 salaries)	₹11 L/yr - ₹13.3 L/yr 63% more
Barclays Business Development Manager Salary 1 - 11 years exp. (3 salaries)	₹7.5 L/yr - ₹17 L/yr 46% more

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Business Development Manager salary at Bank of Maharashtra ranges between ₹5 Lakhs to ₹13 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Business Development Manager salaries

Last Updated: 29 Sep 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
4 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
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6 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr

Similar Designation salaries in Bank of Maharashtra

Senior Business Development Manager Salary

(AmbitionBox Estimate)

₹14.7 L/yr - ₹18.7 L/yr

Business Development Executive Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Territory Sales Manager Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Deputy Manager Salary

(78 salaries)

₹5 L/yr - ₹12 L/yr

Branch Manager Salary

(74 salaries)

₹8 L/yr - ₹22 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹1 L/yr - ₹1.3 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Salary related reviews for Bank of Maharashtra

5.0

Rated by 1 employees for salary & benefits

Branch Manager in Pune

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Aug 2024

4.0

for Salary and Benefits

Likes

Salary credited on time nothing else

Salary - Good

+1 more

Dislikes

No work life balance, extreme pressure for sales . Shortage of staff and very bad behaviour of higher Management executives on middle management officers. Frequent all India transfers , usse transfer as tools to harass it's employees to meet their targets.

Skill development - Poor

+4 more

Manager in Patna

Full Time

Credit monitoring Dept. Department

3.0

• posted on 20 Aug 2021

2.0

for Salary and Benefits

Likes

They have a very good policy and one should spend some time to understand the policies.

Job security - Good

+2 more

Dislikes

...f Maharashtra is an old generation bank and it will reflect in the work culture. They still have the system of manual salary where one need to submit an attendance sheet and the same would be send to zone. Then they will upload and you will receive your salary and stuffs like that.

Salary - Poor

+2 more

Assistant Manager in Pune

Full Time

Other Department

2.0

• posted on 05 Mar 2018

1.0

for Salary and Benefits

Likes

...dustry going through tough it's quite difficult to work in this organization . Heavy work pressure and the risk involve in it doesn't compesate the salary in hand.

Job security - Good

+1 more

Dislikes

Heavy work load, risk involved in credit , incessant targets bombarded every day ,no work life balance

Salary - Bad

+4 more

Manager in Gujarat

BFSI, Investments & Trading Department

2.0

• posted on 02 Feb 2022

4.0

for Salary and Benefits

Likes

Job Security, PSU Bank, Allowance are good as compared to industry, Career growth opportunities are there. Technology is good

Salary - Good

+2 more

Dislikes

...ot believe in training. You should be a self learner Pathetic Work life balance. They will call on Saturday and sunday without compensation. Quality of the proposal is not good.

Skill development - Bad

+3 more

Operations Manager in Pune

Operations Department

1.0

• posted on 09 Dec 2021

3.0

for Salary and Benefits

Likes

Nothing Except the Means as providing salary but in vain. Job is secure but Life is not.

Job security - Good

+1 more

Dislikes

Discriminative, insulting, Torturous, Biased, Zero Work life balance, Unsupportive, No life security includes forced Unhealthy routines leads to serious health problems, Chaotic, tensed ambiance and many.

Skill development - Poor

+3 more

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Bank of Maharashtra Business Development Manager Salary FAQs

What is the notice period for Business Development Manager at Bank of Maharashtra?

According to AmbitionBox, 67% of the Bank of Maharashtra Business Development Managers reported a notice period of 15 days or less, 33% reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Bank of Maharashtra Business Development Manager Salaries

Bank of Maharashtra Business Development Manager salary in India ranges between ₹5 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.