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IDBI Bank Business Development Executive salaries in Mumbai

Annual salary range
0 - 6 years exp.
₹2.4 Lakhs - ₹3.2 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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28% less than the average Business Development Executive Salary in Banking Companies for 0 - 6 years of experience

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Salaries in different departments

Sales & Business Development
Business Development Executive Salary
2 - 5 years exp. (AmbitionBox Estimate)
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₹2.4 L/yr - ₹3 L/yr

BFSI, Investments & Trading
Business Development Executive Salary
1 year exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹3.2 L/yr

IT & Information Security
Business Development Executive Salary
Fresher (AmbitionBox Estimate)
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₹3 L/yr - ₹3.2 L/yr

Last Updated: 22 Jun 2024

Companies similar to IDBI Bank for Business Development Executive in Mumbai

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IDBI Bank Business Development Executive Salary

0 - 6 years exp. (6 salaries)

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₹2.4 L/yr - ₹3.2 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹1.6 L/yr - ₹3.6 L/yr

arrow icon 5% more
3 job openings
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₹1.8 L/yr - ₹3 L/yr

arrow icon 20% less
5 job openings
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₹1.5 L/yr - ₹3 L/yr

arrow icon 19% less
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₹3 L/yr - ₹5 L/yr

arrow icon 49% more
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BYJU'S Business Development Executive Salary

0 - 7 years exp. (186 salaries)

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₹2.4 L/yr - ₹8.2 L/yr

arrow icon 52% more
Business Development Executive salary at IDBI Bank ranges between ₹2.4 Lakhs to ₹3.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 6 latest salaries received from various employees of IDBI Bank.

Latest annual salaries shared by IDBI Bank Business Development Executive in Mumbai

9mo ago
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5 months exp.
9mo ago
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6 years exp.
1y ago
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1 year exp.

Experience wise IDBI Bank Business Development Executive salaries in Mumbai

Last Updated: 22 Jun 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.3 L/yr
1 year (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr
2 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr
3 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr
View all

Similar Designation salaries in IDBI Bank

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₹2.1 L/yr - ₹4 L/yr
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₹1.2 L/yr - ₹2.5 L/yr

Salary related reviews for IDBI Bank

5.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 20 Apr 2022

3.0
 for  Salary and Benefits

Likes

...s work with integrity. U get good customer exposure and handling multiple tasks. Pay scale is good.

read more
  • Company culture - Good

Dislikes

Retail branch banking Work pressure, multi-tasking apart from ur job profile. No value addition. Very slow career growth and monotonous job, job rotation periodicity is very large. You will get leaves after too much hardship until it is for some emergency. Review meetings are organised after working hours and frequent commitments and u have to bring figures on every login day. Seniors cannot keep away from using unofficial language if u don't perform in business and Continuous follow up will just keep u on pressure. No mental peace and satisfaction at all in branch banking in metros. If u don't perform, either u r thrown out to rural branches or compelled to resign. If u r excellent in selling insurance policy, then this is the best place to work. Promotions in higher grades are preferably available to staff posted in regional and zonal offices and hardly any branch banking staff is chosen.

read more
  • Work-life balance - Poor

Sales & Marketing Department

5.0
  •  posted on 20 Jun 2022

5.0
 for  Salary and Benefits

Likes

Good work environment and culture.teammates are supportive they give good sallary hike and bonus every year

  • Salary - Excellent
  • +6 more

Dislikes

There is a lot of politics and the management doesn't address our issues salary is decent but career growth is slow.

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BFSI, Investments & Trading Department

4.0
  •  posted on 04 Jan 2022

3.0
 for  Salary and Benefits

Likes

Good work environment and culture.company policies are good.

  • Skill development - Excellent
  • +1 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. On the job training is not given to new joinees

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  • Job security - Poor
  • +1 more

Finance & Accounting Department

5.0
  •  posted on 14 Jul 2021

5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

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Finance home loans Department

5.0
  •  posted on 19 May 2019

4.0
 for  Salary and Benefits

Likes

...job. But not job security for off role team(sales). Good managers. No politics. Salary is so delay.

read more
  • Salary - Good
  • +5 more

Dislikes

Nothing to say dislike about idbi bank.

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IDBI Bank Business Development Executive Salary FAQs

What is the salary of Business Development Executive at IDBI Bank in Mumbai?
The average salary of a Business Development Executive at IDBI Bank in Mumbai typically ranges from ₹2.4 Lakhs to ₹3.2 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Business Development Executive in Mumbai at IDBI Bank earn more than ₹3.2 Lakhs per year, and the top 1% earn over ₹3.2 Lakhs per year. Business Development Executive Salaries at IDBI 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 6 IDBI Bank employees in India.
What is the estimated take home salary of a Business Development Executive at IDBI Bank in Mumbai?
The estimated take-home salary of a Business Development Executive at IDBI Bank in Mumbai typically ranges from ₹20,628 to ₹22,281 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹3.2 Lakhs per year for employees with experience ranging from Fresher to 6 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 6 salaries received from various employees of IDBI Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than IDBI Bank for Business Development Executive in India?
BYJU'S ₹2.4 Lakhs to ₹8.2 Lakhs per year
Standard Chartered ₹3.0 Lakhs to ₹5.0 Lakhs per year
Jana Small Finance Bank ₹1.6 Lakhs to ₹3.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IDBI Bank, depending on the role and experience level.
What is the salary of a Business Development Executive in companies similar to IDBI Bank in Mumbai?
The salary of a Business Development Executive at companies similar to IDBI Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IDFC FIRST Bank ₹1.5 Lakhs to ₹3.0 Lakhs per year
Equitas Small Finance Bank ₹1.8 Lakhs to ₹3.0 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 Executive at IDBI Bank in Mumbai?
The salary growth for a Business Development Executive at IDBI Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Business Development Executive in Mumbai can expect the following growth trajectory at IDBI Bank:

Experience Average Salary Range
Fresher ₹2.5 Lakhs to ₹3.3 Lakhs per year
1 year ₹2.6 Lakhs to ₹3.3 Lakhs per year
2 years ₹2.6 Lakhs to ₹3.3 Lakhs per year
3 years ₹2.6 Lakhs to ₹3.3 Lakhs per year
and so on.

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IDBI Bank Business Development Executive salary in Mumbai ranges between ₹2.4 Lakhs to ₹3.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 IDBI Bank latest salaries received from various employees of IDBI Bank.