Federal Bank Business Development Manager Salaries by 3 Employees

1 - 5 years exp.

₹11 Lakhs - ₹13.3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

66% more than the average Business Development Manager Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹12 L/yr - ₹14.6 L/yr
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Finance & Accounting Business Development Manager Salary 1 year exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.1 L/yr

Last Updated: 21 Dec 2023

Companies similar to Federal Bank for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank Business Development Manager Salary 0 - 8 years exp. (1.4k salaries)	₹1.8 L/yr - ₹5.5 L/yr 70% less	190 job openings
Standard Chartered Business Development Manager Salary 4 - 13 years exp. (494 salaries)	₹3.5 L/yr - ₹12 L/yr 35% less
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Karur Vysya Bank Business Development Manager Salary 3 - 8 years exp. (135 salaries)	₹2.5 L/yr - ₹8 L/yr 66% less
HDFC Bank Business Development Manager Salary 1 - 14 years exp. (125 salaries)	₹2 L/yr - ₹10.5 L/yr 52% less	3 job openings
ICICI Bank Business Development Manager Salary 0 - 8 years exp. (126 salaries)	₹2 L/yr - ₹6.9 L/yr 47% less
Axis Bank Business Development Manager Salary 0 - 8 years exp. (121 salaries)	₹1.6 L/yr - ₹7.2 L/yr 69% less	1 job opening
IDFC FIRST Bank Business Development Manager Salary 1 - 10 years exp. (46 salaries)	₹2.1 L/yr - ₹5 L/yr 75% less
Kotak Mahindra Bank Business Development Manager Salary 1 - 10 years exp. (48 salaries)	₹1.5 L/yr - ₹8 L/yr 62% less
City Union Bank Business Development Manager Salary 2 - 14 years exp. (32 salaries)	₹5.8 L/yr - ₹10.1 L/yr 37% less
Jana Small Finance Bank Business Development Manager Salary 0 - 14 years exp. (25 salaries)	₹2.5 L/yr - ₹7 L/yr 71% less
Yes Bank Business Development Manager Salary 3 - 6 years exp. (11 salaries)	₹4 L/yr - ₹10 L/yr 58% less
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Bandhan Bank Business Development Manager Salary 2 - 8 years exp. (7 salaries)	₹1.8 L/yr - ₹5 L/yr 69% less
IDBI Bank Business Development Manager Salary 4 - 9 years exp. (4 salaries)	₹2 L/yr - ₹4.2 L/yr 74% less
Ujjivan Small Finance Bank Business Development Manager Salary 3 - 8 years exp. (4 salaries)	₹3.5 L/yr - ₹4 L/yr 70% less
Utkarsh Small Finance Bank Business Development Manager Salary 2 - 10 years exp. (4 salaries)	₹2.4 L/yr - ₹3.8 L/yr 77% less
Canara Bank Business Development Manager Salary 1 - 30 years exp. (3 salaries)	₹2.7 L/yr - ₹7 L/yr 56% less
Union Bank of India Business Development Manager Salary 3 - 9 years exp. (3 salaries)	₹2.4 L/yr - ₹4 L/yr 75% less
Emirates NBD Business Development Manager Salary 10 - 11 years exp. (3 salaries)	₹12.5 L/yr - ₹30 L/yr 94% more

Business Development Manager salary at Federal Bank ranges between ₹11 Lakhs to ₹13.3 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 3 latest salaries received from various employees of Federal Bank.

Experience wise Federal Bank Business Development Manager salaries

Last Updated: 21 Dec 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
4 years (AmbitionBox Estimate)	₹12 L/yr - ₹15.3 L/yr
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5 years (AmbitionBox Estimate)	₹12 L/yr - ₹15.3 L/yr

Similar Designation salaries in Federal Bank

Senior Business Development Manager Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Business Development Executive Salary

(6 salaries)

₹2.8 L/yr - ₹3 L/yr

Assistant Sales Manager Salary

(5 salaries)

₹3.25 L/yr - ₹8.38 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹5.5 L/yr - ₹7 L/yr

Area Sales Manager Salary

(10 salaries)

₹5.93 L/yr - ₹12.5 L/yr

Territory Sales Manager Salary

(6 salaries)

₹11 L/yr - ₹26 L/yr

Deputy Manager Salary

(6 salaries)

₹6.55 L/yr - ₹13.42 L/yr

Regional Manager Salary

(AmbitionBox Estimate)

₹12.2 L/yr - ₹15.5 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Branch Manager Salary

(47 salaries)

₹8.2 L/yr - ₹22 L/yr

Salary related reviews for Federal Bank

Sales Manager in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 25 Dec 2024

2.0

for Salary and Benefits

Likes

One small joke without infrom direct immediately reliving with last month salary also cut.... Total my bank career this organization worst feeling my carrer, Any one not joining this organization , if u join your career kollab

Dislikes

This organization without information direct immediately reliving and lost month salary also cut total my bank career this organization worst feeling my career, any one not joining this organization my suggestion

Salary - Poor

+6 more

Branch Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 May 2022

4.0

for Salary and Benefits

Likes

... 2. HR policies are favorable for employees. 3. Sales pressure is moderate. 4. Joining salary is one of the best in the industry.

Salary - Good

+3 more

Dislikes

1. Unclear process for business development. 2. Union culture, a hurdle in work culture. 3. Learning is confined. 4. No performance linked incentive & annual increments are peanuts.

Senior Manager in Ernakulam

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 05 Feb 2025

5.0

for Salary and Benefits

Likes

... consideration for posting based on personal issues. Opportunities for learning. Salary is at par with nationalised banks. Offers good job security.

Salary - Excellent

+5 more

Dislikes

The promotion process is subject to bias. Hands on training for new recruits can be improved.

Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 24 Nov 2024

5.0

for Salary and Benefits

Likes

Pay scale is good, less Pressure,

Salary - Excellent

+3 more

Dislikes

Policy and sales pressure as someone who want to learn more about wealth management and investment, I'm stuck in log-in days this learning curve is bad some Officers are treating customer as it's late 90s where they can move customer from counter to counter and delay paper work, not realising that it is also affecting other's efficiency as well. last but not least Transfer policy, not able to move to a desired location even if Mutual agreement is there

Skill development - Poor

+1 more

Assistant Manager in Khambhalia

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Only salary and perks are good

Job security - Good

Dislikes

and if talking about work life balance no such thing lies in Federal Bank. No one care about you if you're posted in rural branch you'll be like nothing for management. No one will talk about your career growth this is pathetic about federal bank

Skill development - Bad

+4 more

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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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Federal Bank Business Development Manager Salary FAQs

How the salary growth look like for a Business Development Manager at Federal Bank in India?

The salary growth for a Business Development Manager at Federal Bank depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Federal Bank:

Experience	Average Salary Range
1 year	₹9.9 Lakhs to ₹12.7 Lakhs per year
4 years	₹12.0 Lakhs to ₹15.3 Lakhs per year
5 years	₹12.0 Lakhs to ₹15.3 Lakhs per year

and so on.

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Federal Bank Business Development Manager Salaries

Federal Bank Business Development Manager salary in India ranges between ₹11 Lakhs to ₹13.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Federal Bank latest salaries received from various employees of Federal Bank.