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IDBI Bank Business Development Officer salaries in Hyderabad / Secunderabad

Annual salary range
1 - 5 years exp.
₹2.6 Lakhs - ₹2.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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27% less than the average Business Development Officer Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

Finance & Accounting
Business Development Officer Salary
1 - 3 years exp. (3 salaries)
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₹2.6 L/yr - ₹3.1 L/yr

BFSI, Investments & Trading
Business Development Officer Salary
2 years exp. (AmbitionBox Estimate)
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₹2.4 L/yr - ₹2.7 L/yr

Last Updated: 19 Dec 2023

Companies similar to IDBI Bank for Business Development Officer in Hyderabad / Secunderabad

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IDBI Bank Business Development Officer Salary

1 - 5 years exp. (5 salaries)

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₹2.6 L/yr - ₹2.8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹1.5 L/yr - ₹3.5 L/yr

arrow icon 13% less
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₹1.8 L/yr - ₹2.7 L/yr

arrow icon 14% less
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HDFC Bank Business Development Officer Salary

0 - 4 years exp. (13 salaries)

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₹1.5 L/yr - ₹3.5 L/yr

arrow icon 13% less
1 job opening
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₹1.7 L/yr - ₹3.5 L/yr

arrow icon 8% less
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₹3 L/yr - ₹4 L/yr

arrow icon 36% more
Business Development Officer salary at IDBI Bank ranges between ₹2.6 Lakhs to ₹2.8 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of IDBI Bank.

Latest annual salaries shared by IDBI Bank Business Development Officer in Hyderabad / Secunderabad

1y ago
₹2.8 Lakhs
3 years exp.

Experience wise IDBI Bank Business Development Officer salaries in Hyderabad / Secunderabad

Last Updated: 19 Dec 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.3 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3.1 L/yr
3 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3.1 L/yr
4 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.1 L/yr
5 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
IDBI Bank Business Development Officer Salary and Career Growth

From

To

Business Development Officer

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0 - 8 years exp.

Regional Sales Manager

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8 - 19 years exp.

Business Development Officer

0 - 8 years exp.
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Sales Manager

1 - 9 years exp.
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arrow icon 27% hike

Territory Sales Manager

6 - 15 years exp.
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arrow icon 41% hike

From

To

Business Development Officer

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0 - 8 years exp.

Branch Sales Manager

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4 - 8 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in IDBI Bank

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₹1.8 L/yr - ₹2.9 L/yr
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₹2.4 L/yr - ₹3.1 L/yr

Salary related reviews for IDBI Bank

4.0

Rated by 2 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 11 Sep 2023

4.0
 for  Salary and Benefits

Likes

Salary & employees monetary benefits due to IBA membership

  • Salary - Good

Dislikes

Unfair promotions practice, Impotent Supervisors in Retail Banking, Egoistic people in Mid Management, God Father culture, No career growth, Non posting of required employees in branches etc.,

read more
  • Skill development - Bad
  • +5 more

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.

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  • 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.

read more
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IDBI Bank Business Development Officer Salary FAQs

What is the salary of Business Development Officer at IDBI Bank in Hyderabad / Secunderabad?
The average salary of a Business Development Officer at IDBI Bank in Hyderabad / Secunderabad typically ranges from ₹2.6 Lakhs to ₹2.8 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Business Development Officer in Hyderabad / Secunderabad at IDBI Bank earn more than ₹2.8 Lakhs per year, and the top 1% earn over ₹2.8 Lakhs per year. Business Development Officer 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 5 IDBI Bank employees in India.
What is the estimated take home salary of a Business Development Officer at IDBI Bank in Hyderabad / Secunderabad?
The estimated take-home salary of a Business Development Officer at IDBI Bank in Hyderabad / Secunderabad typically ranges from ₹19,398 to ₹21,070 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹2.8 Lakhs per year for employees with experience ranging from 1 year 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 5 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 Officer in India?
Karur Vysya Bank ₹3.0 Lakhs to ₹4.0 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 Officer in companies similar to IDBI Bank in Hyderabad / Secunderabad?
The salary of a Business Development Officer at companies similar to IDBI Bank in Hyderabad / Secunderabad varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Muthoot Finance ₹1.7 Lakhs to ₹3.5 Lakhs per year
HDFC Bank ₹1.5 Lakhs to ₹3.5 Lakhs per year
IDFC FIRST Bank ₹1.5 Lakhs to ₹3.5 Lakhs per year
ICICI Bank ₹1.8 Lakhs to ₹2.7 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 Officer at IDBI Bank in Hyderabad / Secunderabad?
The salary growth for a Business Development Officer at IDBI Bank in Hyderabad / Secunderabad depends on factors such as experience, performance, and promotions. On average, a Business Development Officer in Hyderabad / Secunderabad can expect the following growth trajectory at IDBI Bank:

Experience Average Salary Range
1 year ₹2.3 Lakhs to ₹3.0 Lakhs per year
2 years ₹2.4 Lakhs to ₹3.1 Lakhs per year
3 years ₹2.4 Lakhs to ₹3.1 Lakhs per year
4 years ₹2.5 Lakhs to ₹3.1 Lakhs per year
and so on.

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IDBI Bank Business Development Officer salary in Hyderabad / Secunderabad ranges between ₹2.6 Lakhs to ₹2.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 IDBI Bank latest salaries received from various employees of IDBI Bank.