HDFC Bank Mumbai Business Development Manager Salaries by 7 Employees (Updated 2025)

1 - 10 years exp.

₹3 Lakhs - ₹8.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

15% less than the average Business Development Manager Salary in Banking Companies for 1 - 10 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

Marketing & Communication Business Development Manager Salary 2 - 10 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.8 L/yr
BFSI, Investments & Trading Business Development Manager Salary 5 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹8.5 L/yr
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Finance & Accounting Business Development Manager Salary 3 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹7.8 L/yr
Sales & Business Development Business Development Manager Salary 1 year exp. (AmbitionBox Estimate)	₹4 L/yr - ₹8.3 L/yr

Last Updated: 11 Mar 2025

Companies similar to HDFC Bank for Business Development Manager in Mumbai

HDFC Bank Business Development Manager Salary

1 - 10 years exp. (7 salaries)

₹3 L/yr - ₹8.5 L/yr

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank Business Development Manager Salary 0 - 8 years exp. (194 salaries)	₹2 L/yr - ₹5 L/yr 40% less	208 job openings
ICICI Bank Business Development Manager Salary 0 - 8 years exp. (18 salaries)	₹8.2 L/yr - ₹8.8 L/yr 35% more
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Axis Bank Business Development Manager Salary 0 - 8 years exp. (12 salaries)	₹2 L/yr - ₹6.5 L/yr 29% less	1 job opening
First Abu Dhabi Bank Business Development Manager Salary 4 - 12 years exp. (6 salaries)	₹12.5 L/yr - ₹18 L/yr 172% more
Kotak Mahindra Bank Business Development Manager Salary 1 - 9 years exp. (5 salaries)	₹1.5 L/yr - ₹10.8 L/yr 5% less
IDFC FIRST Bank Business Development Manager Salary 4 - 7 years exp. (3 salaries)	₹3.1 L/yr - ₹3.3 L/yr 49% less

Business Development Manager salary at HDFC Bank ranges between ₹3 Lakhs to ₹8.5 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 7 latest salaries received from various employees of HDFC Bank.

Experience wise HDFC Bank Business Development Manager salaries in Mumbai

Last Updated: 11 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
2 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
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3 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
4 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
5 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
6 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
8 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
9 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
10 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr

View all

Similar Designation salaries in HDFC Bank

Area Sales Manager Salary

(30 salaries)

₹9 L/yr - ₹24.25 L/yr

Senior Sales Manager Salary

(21 salaries)

₹8 L/yr - ₹14.5 L/yr

Business Development Executive Salary

(12 salaries)

₹2 L/yr - ₹4.5 L/yr

Assistant Sales Manager Salary

(9 salaries)

₹2.75 L/yr - ₹6 L/yr

Business Manager Salary

(3 salaries)

₹5.45 L/yr - ₹9 L/yr

Top skills at HDFC Bank for Business Development Manager

Working Capital Sales SME Sales Commodity Finance term loan Retail Assets WC OD cc Working Capital Business Development Client Relationship Management Client Acquisition SME Finance Agri Finance

Salary related reviews for HDFC Bank

Business Development Manager in Madurai

Full Time

Sales & Business Development Department

2.0

• posted on 08 Oct 2023

1.0

for Salary and Benefits

Likes

Nothing to cherish with. Regular corporate company

Dislikes

Salary and perks and grading system is not good.. i have joined as HDFC Ltd prior to merger. HDFC Bank is having worst Grading system. Freshers who have joined got double promotion without even performing good.

Salary - Bad

+5 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 25 Mar 2025

2.0

for Salary and Benefits

Likes

Don't have anything to like here

Dislikes

No Work life balance here No opportunity for skill development. No proper salary hike If you and family suffering from anything and u not providing proper productivity due any issue then don't have job security.

Salary - Poor

+5 more

Deputy Manager in Guwahati (working remotely)

Full Time

Sales & Business Development Department

3.0

• posted on 09 Feb 2025

2.0

for Salary and Benefits

Likes

1.Good brand value in market. 2.Variety of products.

Skill development - Good

+1 more

Dislikes

1. They demands multiple products to sell at same time. 2. Senior managers are taking very high salary with less productive and ideas and they just do 2-3 hrs concall with staffs every day. 3. Unwanted pressure on so many things.

Salary - Poor

+1 more

Sales Manager in Aurangabad

Full Time

Sales & Business Development Department

4.0

• posted on 06 Feb 2025

2.0

for Salary and Benefits

Likes

Product, customer trust on bank and it's help you to work in bank , office collogue help for you work time , internal job switch option available and job security only on your performance.

Job security - Good

+1 more

Dislikes

As per work not provide the salary and time to time change the product and sales targets , with out intimation and taken consent the role and work , promotion not depends on you it's totally depends on the supervisor and higher supervisor if they want to give you pramotion for not.

Salary - Poor

+1 more

Sales Executive in Jabalpur (working remotely)

Full Time

Finance & Accounting Department

5.0

• posted on 06 Feb 2025

5.0

for Salary and Benefits

Likes

strong brand reputation, dynamic work environment, excellent learning and development opportunities, supportive culture, focus on customer service, good career growth prospects, competitive compensation, and the ability to develop strong sales and financial management skills

Salary - Excellent

+6 more

Dislikes

SALARY ISSUE

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What people are saying about HDFC Bank

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yoyoyo

works at

HDFC Bank

Need suggestion for betterment

I am 32, having experience of 7 years in working capital vertical, have been stuck in my present job due to family issues. It is really difficult for me to relocate to any other city and I am not getting enough response in my present location in the same vertical in other companies. Salary is really low (Present CTC is 4.01 L) and struggling to survive in daily life expenses. Kindly suggest.

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HDFC Bank Business Development Manager Salary FAQs

What is the salary of Business Development Manager at HDFC Bank in Mumbai?

The average salary of a Business Development Manager at HDFC Bank in Mumbai typically ranges from ₹3.0 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Business Development Manager in Mumbai at HDFC Bank earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Business Development Manager Salaries at HDFC Bank 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 7 HDFC Bank employees in India.

What is the estimated take home salary of a Business Development Manager at HDFC Bank in Mumbai?

The estimated take-home salary of a Business Development Manager at HDFC Bank in Mumbai typically ranges from ₹47,948 to ₹49,083 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 1 year 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 7 salaries received from various employees of HDFC Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Business Development Manager at HDFC Bank in Mumbai?

To be a Business Development Manager at HDFC Bank in Mumbai, the key skills required include:

- Working Capital
- Sales
- SME Sales
- Commodity Finance
- term loan

These skills are highly valued at HDFC Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDFC Bank for Business Development Manager in India?

First Abu Dhabi Bank	₹12.5 Lakhs to ₹18.0 Lakhs per year
ICICI Bank	₹8.2 Lakhs to ₹8.8 Lakhs per year

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

What is the salary of a Business Development Manager in companies similar to HDFC Bank in Mumbai?

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

Kotak Mahindra Bank	₹1.5 Lakhs to ₹10.8 Lakhs per year
Axis Bank	₹2.0 Lakhs to ₹6.5 Lakhs per year
IndusInd Bank	₹2.0 Lakhs to ₹5.0 Lakhs per year
IDFC FIRST Bank	₹3.1 Lakhs to ₹3.3 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 HDFC Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹4.1 Lakhs to ₹5.3 Lakhs per year
2 years	₹4.4 Lakhs to ₹5.6 Lakhs per year
3 years	₹4.6 Lakhs to ₹5.9 Lakhs per year
4 years	₹4.8 Lakhs to ₹6.2 Lakhs per year

and so on.

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HDFC Bank Business Development Manager Salaries in Mumbai

HDFC Bank Business Development Manager salary in Mumbai ranges between ₹3 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 HDFC Bank latest salaries received from various employees of HDFC Bank.