SMFG India Credit Business Development Manager Salaries by 4 Employees

0 - 10 years exp.

₹2.7 Lakhs - ₹3.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

60% less than the average Business Development Manager Salary in NBFC Companies for 0 - 10 years of experience

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Salaries in different departments

Sales & Business Development Business Development Manager Salary 0 - 5 years exp. (3 salaries)	₹2.7 L/yr - ₹3 L/yr
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BFSI, Investments & Trading Business Development Manager Salary 10 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 13 May 2024

Companies similar to SMFG India Credit for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
Tata Motors Finance Business Development Manager Salary 0 - 8 years exp. (394 salaries)	₹1.2 L/yr - ₹4.8 L/yr 6% more
SK Finance Limited Business Development Manager Salary 2 - 10 years exp. (78 salaries)	₹2.6 L/yr - ₹6.8 L/yr 28% more
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IIFL Finance Business Development Manager Salary 0 - 10 years exp. (44 salaries)	₹1.9 L/yr - ₹8 L/yr 51% more
Muthoot Finance Business Development Manager Salary 4 - 10 years exp. (40 salaries)	₹2.4 L/yr - ₹6.3 L/yr 41% more	1 job opening
Shriram Finance Business Development Manager Salary 0 - 9 years exp. (36 salaries)	₹2 L/yr - ₹4.3 L/yr 6% less
Mahindra Finance Business Development Manager Salary 2 - 8 years exp. (21 salaries)	₹2.3 L/yr - ₹10.2 L/yr 86% more
Fusion Microfinance Business Development Manager Salary 3 - 8 years exp. (20 salaries)	₹3 L/yr - ₹6.8 L/yr 50% more
CreditAccess Grameen Business Development Manager Salary 2 - 11 years exp. (19 salaries)	₹2.2 L/yr - ₹4.8 L/yr 10% more
Aditya Birla Finance Business Development Manager Salary 3 - 15 years exp. (16 salaries)	₹10.8 L/yr - ₹16.5 L/yr 353% more
HDB Financial Services Business Development Manager Salary 1 - 4 years exp. (15 salaries)	₹1.8 L/yr - ₹4.1 L/yr 16% less
Muthoot Fincorp Business Development Manager Salary 3 - 11 years exp. (7 salaries)	₹2.5 L/yr - ₹6 L/yr 11% more
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L&T Finance Business Development Manager Salary 2 - 5 years exp. (7 salaries)	₹8.1 L/yr - ₹13.4 L/yr 204% more
Home Credit Finance Business Development Manager Salary 3 - 7 years exp. (5 salaries)	₹1.5 L/yr - ₹2.2 L/yr 35% less
TVS Credit Business Development Manager Salary 2 - 30 years exp. (4 salaries)	₹6 L/yr - ₹15 L/yr 252% more
Bajaj Finance Business Development Manager Salary 4 - 5 years exp. (4 salaries)	₹2.5 L/yr - ₹4.8 L/yr 32% more
Bharat Financial Inclusion Business Development Manager Salary 1 - 15 years exp. (3 salaries)	₹1 L/yr - ₹7.2 L/yr 31% more
Aye Finance Business Development Manager Salary 2 - 12 years exp. (3 salaries)	₹2.5 L/yr - ₹5 L/yr 38% more
Muthoot Microfin Business Development Manager Salary 4 - 6 years exp. (3 salaries)	₹2 L/yr - ₹2.5 L/yr 27% less
Spandana Sphoorty Financial Business Development Manager Salary 4 - 6 years exp. (3 salaries)	₹8 L/yr - ₹10 L/yr 209% more

Business Development Manager salary at SMFG India Credit ranges between ₹2.7 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 4 latest salaries received from various employees of SMFG India Credit.

Experience wise SMFG India Credit Business Development Manager salaries

Last Updated: 13 May 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.7 L/yr
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
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2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹4.9 L/yr
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.4 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
7 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
8 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
9 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
10 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.5 L/yr

View all

Similar Designation salaries in SMFG India Credit

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(3 salaries)

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Business Manager Salary

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Zonal Sales Manager Salary

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₹38 L/yr - ₹51 L/yr

Assistant Sales Manager Salary

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₹3 L/yr - ₹4.2 L/yr

Senior Business Development Executive Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Senior Sales Manager Salary

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Area Sales Manager Salary

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Territory Sales Manager Salary

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₹6 L/yr - ₹11 L/yr

Area Business Manager Salary

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Deputy Manager Salary

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Salary related reviews for SMFG India Credit

5.0

Rated by 2 employees for salary & benefits

Sales Manager in Kadapa

Full Time

Sales & Business Development Department

5.0

• posted on 22 Mar 2024

5.0

for Salary and Benefits

Likes

I'm happy to work with SMFG company this company is excellent for every employee good salary very good incentives and also good growth 📈 working here thanks to big opportunity for me SMFG india credit

Salary - Excellent

+6 more

Dislikes

Nothing dislike this company it's a very good company more than other NBFC companies

Sales Manager in Chhindwara

Full Time

Sales & Business Development Department

5.0

• posted on 04 Mar 2023

3.0

for Salary and Benefits

Likes

There are many products here from which we get a lot of knowledge

Skill development - Excellent

+5 more

Dislikes

The salary that should have been received according to the work was not known! When the full salary was not received even after completing the achievement goal.

Sales Manager in Jorhat

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 31 May 2022

5.0

for Salary and Benefits

Likes

...'s worst to selling product due to high interest rate and poor customer service. Other hand, Employees are getting good salary and other benefits.

Salary - Excellent

+4 more

Dislikes

Poor customer service &high interest rate

Area Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 25 Apr 2022

5.0

for Salary and Benefits

Likes

..., Learning Various Products and Policy. Good Friendly Natural of Company Senior. Best Pay Scale in industry.

Salary - Excellent

+6 more

Dislikes

Only system issues and software not working properly. IT issue.

Sales Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

3.0

• posted on 16 Sep 2023

4.0

for Salary and Benefits

Likes

Nice company.work condition is good. Get good insentive. Hear work and family can manage easily time manage.

Salary - Good

+2 more

Dislikes

...policy. Company hold the old staff. they can't support new join . No pramotions. They not pay TA DA expenses properly.

Skill development - Bad

+1 more

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Salary Discussions, Hike & Promotions

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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SMFG India Credit Business Development Manager Salary FAQs

What is the salary of Business Development Manager at SMFG India Credit ?

The average salary of a Business Development Manager at SMFG India Credit in India typically ranges from ₹2.7 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Business Development Manager at SMFG India Credit earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Business Development Manager Salaries at SMFG India Credit can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 SMFG India Credit employees in India.

What is the estimated take home salary of a Business Development Manager at SMFG India Credit in India?

The estimated take-home salary of a Business Development Manager at SMFG India Credit in India typically ranges from ₹21,632 to ₹23,121 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 10 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of SMFG India Credit. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SMFG India Credit for Business Development Manager in India?

Aditya Birla Finance	₹10.8 Lakhs to ₹16.5 Lakhs per year
TVS Credit	₹6.0 Lakhs to ₹15.0 Lakhs per year
Spandana Sphoorty Financial	₹8.0 Lakhs to ₹10.0 Lakhs per year
L&T Finance	₹8.1 Lakhs to ₹13.4 Lakhs per year
Mahindra Finance	₹2.3 Lakhs to ₹10.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SMFG India Credit, depending on the role and experience level.

What is the salary of a Business Development Manager in companies similar to SMFG India Credit in India?

The salary of a Business Development Manager at companies similar to SMFG India Credit in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IIFL Finance	₹1.9 Lakhs to ₹8.0 Lakhs per year
Fusion Microfinance	₹3.0 Lakhs to ₹6.8 Lakhs per year
Muthoot Finance	₹2.4 Lakhs to ₹6.3 Lakhs per year
Aye Finance	₹2.5 Lakhs to ₹5.0 Lakhs per year
Bajaj Finance	₹2.5 Lakhs to ₹4.8 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Business Development Manager at SMFG India Credit in India?

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

Experience	Average Salary Range
Fresher	₹1.1 Lakhs to ₹2.7 Lakhs per year
1 year	₹2.4 Lakhs to ₹3.0 Lakhs per year
2 years	₹2.7 Lakhs to ₹4.9 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year

and so on.

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SMFG India Credit Business Development Manager Salaries

SMFG India Credit Business Development Manager salary in India ranges between ₹2.7 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SMFG India Credit latest salaries received from various employees of SMFG India Credit.