ICRA Business Development Manager Salaries by 30+ Employees (Updated 2025)

0 - 5 years exp.

₹8 Lakhs - ₹16.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

49% more than the average Business Development Manager Salary in Financial Services Companies for 0 - 5 years of experience

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Salaries in different departments

Sales & Business Development Business Development Manager Salary 0 - 5 years exp. (14 salaries)	₹8 L/yr - ₹16.5 L/yr
BFSI, Investments & Trading Business Development Manager Salary 2 - 5 years exp. (4 salaries)	₹8.5 L/yr - ₹14 L/yr
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Marketing & Communication Business Development Manager Salary 0 - 5 years exp. (3 salaries)	₹8 L/yr - ₹11.7 L/yr

Last Updated: 26 Jan 2025

Companies similar to ICRA for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
DataTracks Business Development Manager Salary 7 - 12 years exp. (10 salaries)	₹12 L/yr - ₹18 L/yr 40% more
Weizmann Forex Business Development Manager Salary 5 - 13 years exp. (7 salaries)	₹2.2 L/yr - ₹3.8 L/yr 74% less
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Emkay Global Financial Services Business Development Manager Salary 8 - 12 years exp. (5 salaries)	₹7.2 L/yr - ₹9 L/yr 27% less
LKP Securities Business Development Manager Salary 5 - 12 years exp. (5 salaries)	₹3.6 L/yr - ₹7.2 L/yr 50% less	1 job opening
Bajaj Finserv Business Development Manager Salary 1 - 7 years exp. (5 salaries)	₹3 L/yr - ₹6.5 L/yr 65% less
JPMorgan Chase & Co. Business Development Manager Salary 0 - 3 years exp. (5 salaries)	₹23.1 L/yr - ₹58 L/yr 217% more
DKSH Business Development Manager Salary 6 - 11 years exp. (4 salaries)	₹16.5 L/yr - ₹30.5 L/yr 96% more
5paisa Capital Ltd. Business Development Manager Salary 0 - 11 years exp. (3 salaries)	₹8 L/yr - ₹10.5 L/yr 22% less
BOBCARD Ltd. Business Development Manager Salary 5 - 9 years exp. (3 salaries)	₹4 L/yr - ₹4.3 L/yr 64% less
Wells Fargo Business Development Manager Salary 11 - 14 years exp. (3 salaries)	₹30 L/yr - ₹45 L/yr 226% more

Business Development Manager salary at ICRA ranges between ₹8 Lakhs to ₹16.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 31 latest salaries received from various employees of ICRA.

Latest annual salaries shared by ICRA Business Development Manager

1mo ago

₹10 Lakhs

5 years exp.

1mo ago

₹16.5 Lakhs

5 years exp.

2mo ago

₹11.4 Lakhs

5 years exp.

2mo ago

₹13 Lakhs

2 years exp.

3mo ago

₹16 Lakhs

3 years exp.

4mo ago

1 year exp.

7mo ago

2 years exp.

10mo ago

1 year exp.

1y ago

1 year exp.

1y ago

2 years exp.

Experience wise ICRA Business Development Manager salaries

Last Updated: 26 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹8 L/yr - ₹18.1 L/yr
1 year (11 salaries)	₹8 L/yr - ₹19 L/yr
Login to view exact salary
2 years (10 salaries)	₹8.3 L/yr - ₹14.8 L/yr
3 years (AmbitionBox Estimate)	₹8 L/yr - ₹16 L/yr
4 years (AmbitionBox Estimate)	₹11 L/yr - ₹12.5 L/yr
5 years (4 salaries)	₹10 L/yr - ₹16.5 L/yr

View all

Similar Designation salaries in ICRA

Senior Business Development Manager Salary

(7 salaries)

₹10.85 L/yr - ₹18.5 L/yr

Business Development Associate Salary

(3 salaries)

₹3.2 L/yr - ₹7.2 L/yr

Business Development Executive Salary

(5 salaries)

₹4 L/yr - ₹9.93 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Area Sales Manager Salary

(3 salaries)

₹8.3 L/yr - ₹15 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹12.6 L/yr - ₹16.1 L/yr

Deputy Manager Salary

(36 salaries)

₹4 L/yr - ₹11.98 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹11 L/yr

Relationship Manager Salary

(4 salaries)

₹7.7 L/yr - ₹15 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Top skills at ICRA for Business Development Manager

B2B Sales Sales Corporate Sales Relationship Finance Mining Coo Corporate Research Lead Generation

Salary related reviews for ICRA

3.0

Rated by 4 employees for salary & benefits

Business Development Manager in Bangalore Rural

Full Time

Sales & Business Development Department

2.0

• posted on 05 Jun 2023

1.0

for Salary and Benefits

Likes

Good learning, but after sometime you do the same repetitive tasks tho

Skill development - Good

+1 more

Dislikes

Salary below market standards No employee engagement programs No motivation for employees Most of the employees just wait for next appraisal cycle so that they can leave after

Salary - Bad

+3 more

Business Development Manager in Gurgaon / Gurugram

Sales & Business Development Department

2.0

• posted on 27 Aug 2018

2.0

for Salary and Benefits

Likes

Nothing is there to like ICRA limited. You will regret to join such company.

Dislikes

Worst pay master. Sales and marketing don't get good salary appraisals. They love Analyst, Top management is ready to sacrifice for them. ICRA limited is useless company. I have wasted my 8 years, even CRISIL and CARE are good companies and pays better and understand employees needs. Please don't join ICRA Limited.

Salary - Poor

+6 more

Deputy Manager in Chennai

Business Development Department

4.0

• posted on 19 Jun 2019

4.0

for Salary and Benefits

Likes

Teammates are good, encouraging manner, helping in work. Training was not adequate. Job security can't assured. Salary & benefits are reasonable. Growth opportunities are less. In appraisal process, they are doing politics. Learning is less. Work environment quiet monotonous. Work life balance is very good, as 5 day work culture. No work after 6PM

Salary - Good

+3 more

Dislikes

In recruitment itself, depending upon candidate's background and education institution they fix salary and position. it's not fair. Carreer growth opportunities are limited. In appraisal, they are showing partiallity. Work is too monotonous. Complex product to sell. No good reputation in market. No support from Manager in job.

Manager in Gurgaon / Gurugram

Full Time

Production, Manufacturing & Engineering Department

1.0

• posted on 21 Nov 2023

3.0

for Salary and Benefits

Likes

Salary on time. Reimbursement on time.

Work-life balance - Good

Dislikes

Internal politics, Nepotism, partiality and the HR dept is terrible. No one will ever give you any answer/solution. They are good for nothing. Every month people change, you even don't know who to contact. Seniors wont help you achieve your targets nor they are willing to travel for meetings. Unwanted team calls. Whenever your manager is free or not in any mood for meeting, he/she will schedule Virtual team calls.

Job security - Poor

+3 more

Icra Analytics in Kolkata

Full Time

Finance & Accounting Department

5.0

• posted on 10 Jun 2022

3.0

for Salary and Benefits

Likes

This company has excellent culture and job security. Everyone is very polite and humble and the pay is as per industry average but there is very less perks and other benefits.

Skill development - Good

+5 more

Dislikes

... as such to dislike but only thing I can say is to give some perks to employees. Like for transport and foods they deduct from your salary.

see more salary related reviews

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

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ICRA Business Development Manager Salary FAQs

What is the salary of Business Development Manager at ICRA ?

The average salary of a Business Development Manager at ICRA in India typically ranges from ₹8.0 Lakhs to ₹16.5 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Business Development Manager at ICRA earn more than ₹14.3 Lakhs per year, and the top 1% earn over ₹16.5 Lakhs per year. Business Development Manager Salaries at ICRA 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 30+ ICRA employees in India.

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

The estimated take-home salary of a Business Development Manager at ICRA in India typically ranges from ₹80,448 to ₹82,543 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹16.5 Lakhs per year for employees with experience ranging from Fresher to 5 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 30+ salaries received from various employees of ICRA. 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 ICRA ?

To be a Business Development Manager at ICRA in india, the key skills required include:

- B2B Sales
- Sales
- Corporate Sales
- Relationship
- Finance

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

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

Wells Fargo	₹30.0 Lakhs to ₹45.0 Lakhs per year
JPMorgan Chase & Co.	₹23.1 Lakhs to ₹58.0 Lakhs per year
DKSH	₹16.5 Lakhs to ₹30.5 Lakhs per year
DataTracks	₹12.0 Lakhs to ₹18.0 Lakhs per year

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

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

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

5paisa Capital Ltd.	₹8.0 Lakhs to ₹10.5 Lakhs per year
Emkay Global Financial Services	₹7.2 Lakhs to ₹9.0 Lakhs per year
LKP Securities	₹3.6 Lakhs to ₹7.2 Lakhs per year
BOBCARD Ltd.	₹4.0 Lakhs to ₹4.3 Lakhs per year
Bajaj Finserv	₹3.0 Lakhs to ₹6.5 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 ICRA in India?

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

Experience	Average Salary Range
Fresher	₹8.0 Lakhs to ₹18.1 Lakhs per year
1 year	₹8.0 Lakhs to ₹19.0 Lakhs per year
2 years	₹8.3 Lakhs to ₹14.8 Lakhs per year
3 years	₹8.0 Lakhs to ₹16.0 Lakhs per year

and so on.

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ICRA Business Development Manager salary in India ranges between ₹8 Lakhs to ₹16.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 31 ICRA latest salaries received from various employees of ICRA.