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

1 - 7 years exp.

₹8 Lakhs - ₹16.5 Lakhs

Salary of majority employees

Fixed (87%)

₹10.2 Lakhs

Variable (13%)

₹1.6 Lakh

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56% more than the average Business Development Manager Salary in Financial Services Companies for 1 - 7 years of experience

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Salaries in different departments

Sales & Business Development Business Development Manager Salary 1 - 7 years exp. (17 salaries)	Unlock ₹8 L/yr - ₹16.5 L/yr
BFSI, Investments & Trading Business Development Manager Salary 2 - 5 years exp. (4 salaries)	Unlock ₹8.5 L/yr - ₹14 L/yr
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Marketing & Communication Business Development Manager Salary 1 - 5 years exp. (AmbitionBox Estimate)	Unlock ₹8 L/yr - ₹11.8 L/yr

Last Updated: 9 Feb 2025

Companies similar to ICRA for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
Crisil Business Development Manager Salary 0 - 12 years exp. (29 salaries)	Unlock ₹3 L/yr - ₹11 L/yr 46% less	2 job openings
CareEdge Ratings Business Development Manager Salary 6 - 13 years exp. (14 salaries)	Unlock ₹4 L/yr - ₹12 L/yr 31% less
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Brickwork Ratings Business Development Manager Salary 4 - 12 years exp. (18 salaries)	Unlock ₹3.8 L/yr - ₹6.5 L/yr 54% less	1 job opening
India Ratings & Research Business Development Manager Salary 1 - 13 years exp. (6 salaries)	Unlock ₹2.5 L/yr - ₹6 L/yr 62% less
SMERA Ratings Business Development Manager Salary 1 - 10 years exp. (4 salaries)	Unlock ₹1.8 L/yr - ₹4.3 L/yr 72% less
Acuité Ratings & Research Business Development Manager Salary 1 - 11 years exp. (18 salaries)	Unlock ₹4 L/yr - ₹13 L/yr 27% less
Experian Business Development Manager Salary 3 - 10 years exp. (7 salaries)	Unlock ₹4.2 L/yr - ₹6.5 L/yr 62% less
DataTracks Business Development Manager Salary 7 - 12 years exp. (10 salaries)	Unlock ₹12 L/yr - ₹18 L/yr 34% more
Weizmann Forex Business Development Manager Salary 5 - 13 years exp. (7 salaries)	Unlock ₹2.2 L/yr - ₹3.8 L/yr 75% less
Emkay Global Financial Services Business Development Manager Salary 8 - 12 years exp. (5 salaries)	Unlock ₹7.2 L/yr - ₹9 L/yr 30% less
LKP Securities Business Development Manager Salary 5 - 12 years exp. (5 salaries)	Unlock ₹3.6 L/yr - ₹7.2 L/yr 52% less	1 job opening
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Bajaj Finserv Business Development Manager Salary 1 - 7 years exp. (5 salaries)	Unlock ₹3 L/yr - ₹6.5 L/yr 66% less
JPMorgan Chase & Co. Business Development Manager Salary 0 - 3 years exp. (5 salaries)	Unlock ₹23.1 L/yr - ₹58 L/yr 203% more
DKSH Business Development Manager Salary 6 - 11 years exp. (4 salaries)	Unlock ₹16.5 L/yr - ₹30.5 L/yr 87% more
5paisa Capital Ltd. Business Development Manager Salary 0 - 11 years exp. (3 salaries)	Unlock ₹8 L/yr - ₹10.5 L/yr 25% less
BOBCARD Ltd. Business Development Manager Salary 5 - 9 years exp. (3 salaries)	Unlock ₹4 L/yr - ₹4.3 L/yr 65% less
Wells Fargo Business Development Manager Salary 11 - 14 years exp. (3 salaries)	Unlock ₹30 L/yr - ₹45 L/yr 211% more

Business Development Manager salary at ICRA ranges between ₹8 Lakhs to ₹16.5 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 33 latest salaries received from various employees of ICRA.

Latest annual salaries shared by ICRA Business Development Manager

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2 years exp.

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3 years exp.

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1 year exp.

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6 years exp.

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2 years exp.

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1 year exp.

Experience wise ICRA Business Development Manager salaries

Last Updated: 9 Feb 2025

Experience	Avg Annual Salary
1 year (11 salaries)	Unlock ₹8 L/yr - ₹18.9 L/yr
2 years (10 salaries)	Unlock ₹8.3 L/yr - ₹14.8 L/yr
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3 years (AmbitionBox Estimate)	Unlock ₹8 L/yr - ₹16 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹11 L/yr - ₹12.5 L/yr
5 years (5 salaries)	Unlock ₹10 L/yr - ₹16.5 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹9.8 L/yr - ₹22.7 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹10 L/yr - ₹16 L/yr

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Similar Designation salaries in ICRA

Senior Business Development Manager Salary

(7 salaries)

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₹10.85 L/yr - ₹18.5 L/yr

Business Development Associate Salary

(3 salaries)

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₹3.2 L/yr - ₹7.2 L/yr

Business Development Executive Salary

(5 salaries)

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₹4 L/yr - ₹9.93 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.6 L/yr

Area Sales Manager Salary

(3 salaries)

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₹8.3 L/yr - ₹15 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

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₹12.6 L/yr - ₹16.1 L/yr

Deputy Manager Salary

(36 salaries)

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₹4 L/yr - ₹11.98 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

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₹8.6 L/yr - ₹11 L/yr

Relationship Manager Salary

(4 salaries)

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₹7.7 L/yr - ₹15 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

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₹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

1.7

Rated by 3 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.

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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ICRA Business Development Manager Salary FAQs

What is the salary of Business Development Manager at ICRA?

Business Development Manager salary at ICRA in India ranges between ₹8.0 Lakhs to ₹16.5 Lakhs for experience between 1 years to 7 years. According to our estimates it is 56% more than the average Business Development Manager Salary in India. Salary estimates are based on 33 latest salaries received from various employees of ICRA India.

How does the salary of a Business Development Manager at ICRA India compare with the average salary range for this job?

The average salary of a Business Development Manager at ICRA is 56% more than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Business Development Manager at ICRA?

B2B Sales, Sales, Corporate Sales, Relationship and Finance are some of the popular skills required to work as a Business Development Manager at ICRA India.

Which similar companies are paying more than ICRA to a Business Development Manager in India?

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

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

5paisa Capital Ltd. Business Development Manager Salary - ₹8.0 Lakhs to ₹10.5 Lakhs per year
Acuité Ratings & Research Business Development Manager Salary - ₹4.0 Lakhs to ₹13.0 Lakhs per year
Emkay Global Financial Services Business Development Manager Salary - ₹7.2 Lakhs to ₹9.0 Lakhs per year
CareEdge Ratings Business Development Manager Salary - ₹4.0 Lakhs to ₹12.0 Lakhs per year
Crisil Business Development Manager Salary - ₹3.0 Lakhs to ₹11.0 Lakhs per year

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 ranges between ₹83,857 per month to ₹86,049 per month in India. The take-home salary calculation is based on the average ICRA Business Development Manager salary in India which ranges between ₹8.0 Lakhs to ₹16.5 Lakhs per year for employees with experience between 1 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Business Development Manager at ICRA?

According to AmbitionBox, 43% of the ICRA Business Development Managers reported a notice period of 2 Months, 36% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

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ICRA Business Development Manager Salaries

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 33 ICRA latest salaries received from various employees of ICRA.