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IDBI Bank Business Development Officer salaries in Mumbai

Annual salary range
2 - 4 years exp.
₹1.2 Lakh - ₹2.5 Lakhs
Salary of majority employees
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31% less than the average Business Development Officer Salary in Banking Companies for 2 - 4 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Business Development Officer Salary
2 - 4 years exp. (3 salaries)
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₹2.3 L/yr - ₹2.5 L/yr

BFSI, Investments & Trading
Business Development Officer Salary
4 years exp. (AmbitionBox Estimate)
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₹1.2 L/yr - ₹2.4 L/yr

Last Updated: 23 Jun 2023

Companies similar to IDBI Bank for Business Development Officer in Mumbai

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IDBI Bank Business Development Officer Salary

2 - 4 years exp. (4 salaries)

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₹1.2 L/yr - ₹2.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹1.8 L/yr - ₹3 L/yr

arrow icon 12% more
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₹1.7 L/yr - ₹3.5 L/yr

arrow icon 11% more
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₹2.7 L/yr - ₹3.1 L/yr

arrow icon 17% more
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₹2 L/yr - ₹3.7 L/yr

arrow icon 31% more
6 job openings
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₹1.8 L/yr - ₹3.3 L/yr

arrow icon 5% less
Business Development Officer salary at IDBI Bank ranges between ₹1.2 Lakh to ₹2.5 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of IDBI Bank.

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

1y ago
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4 years exp.
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4 years exp.
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3 years exp.
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2 years exp.

Experience wise IDBI Bank Business Development Officer salaries in Mumbai

Last Updated: 23 Jun 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹1 L/yr - ₹2.5 L/yr
3 years (AmbitionBox Estimate)

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₹1 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹4.4 L/yr
IDBI Bank Business Development Officer Salary and Career Growth

From

To

Business Development Officer

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0 - 10 years exp.

Regional Sales Manager

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8 - 17 years exp.

Business Development Officer 0 - 10 years exp.
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Sales Manager 1 - 10 years exp.
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arrow icon 35% hike
Territory Sales Manager 8 - 15 years exp.
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arrow icon 39% hike

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From

To

Business Development Officer

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0 - 10 years exp.

Branch Sales Manager

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5 - 9 years exp.

Similar Designation salaries in IDBI Bank

Sales Executive Salary
(16 salaries)
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₹2 L/yr - ₹3 L/yr
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₹2.4 L/yr - ₹3.2 L/yr
Sales Officer Salary
(5 salaries)
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₹1.45 L/yr - ₹3.5 L/yr

Salary related reviews for IDBI Bank

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

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

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

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.

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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

Dislikes

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

read more

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.

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

read 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

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 Mumbai?
Business Development Officer salary at IDBI Bank in Mumbai ranges between ₹1.2 Lakhs to ₹2.5 Lakhs for experience between 2 years to 4 years. According to our estimates it is 31% less than the average Business Development Officer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of IDBI Bank Mumbai.
How does the salary of a Business Development Officer at IDBI Bank Mumbai compare with the average salary range for this job?
The average salary of a Business Development Officer at IDBI Bank is 31% less than the average salary of a Business Development Officer in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than IDBI Bank to a Business Development Officer in Mumbai?
  • Equitas Small Finance Bank Business Development Officer Salary - ₹2.0 Lakhs to ₹3.7 Lakhs per year
  • Kotak Mahindra Bank Business Development Officer Salary - ₹2.7 Lakhs to ₹3.1 Lakhs per year
  • HDFC Bank Business Development Officer Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
  • ICICI Bank Business Development Officer Salary - ₹1.7 Lakhs to ₹3.5 Lakhs per year
What is the salary of a Business Development Officer in companies similar to IDBI Bank in Mumbai?
  • IDFC FIRST Bank Business Development Officer Salary - ₹1.8 Lakhs to ₹3.3 Lakhs per year
What is the estimated take home salary of a Business Development Officer at IDBI Bank in Mumbai?
The estimated take-home salary of a Business Development Officer at IDBI Bank ranges between ₹17,051 per month to ₹18,758 per month in Mumbai. The take-home salary calculation is based on the average IDBI Bank Business Development Officer salary in India which ranges between ₹1.2 Lakhs to ₹2.5 Lakhs per year for employees with experience between 2 years to 4 years. Check how did we calculate take home salary?

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IDBI Bank Business Development Officer salary in Mumbai ranges between ₹1.2 Lakh to ₹2.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 IDBI Bank latest salaries received from various employees of IDBI Bank.