IDFC FIRST Bank Mumbai Business Development Executive Salaries by 4 Employees

1 - 6 years exp.

₹1.5 Lakh - ₹3 Lakhs

Avg. annual salary

Monthly In-hand Salary

42% less than the average Business Development Executive Salary in Banking Companies for 1 - 6 years of experience

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Salaries in different departments

Finance & Accounting Business Development Executive Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
BFSI, Investments & Trading Business Development Executive Salary 6 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
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Sales & Business Development Business Development Executive Salary 1 year exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹2.5 L/yr

Last Updated: 3 Apr 2023

Companies similar to IDFC FIRST Bank for Business Development Executive in Mumbai

IDFC FIRST Bank Business Development Executive Salary

1 - 6 years exp. (4 salaries)

₹1.5 L/yr - ₹3 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Bank Business Development Executive Salary 0 - 6 years exp. (84 salaries)	₹1 L/yr - ₹4.5 L/yr 9% more	1 job opening
Jana Small Finance Bank Business Development Executive Salary 0 - 6 years exp. (26 salaries)	₹1.6 L/yr - ₹3.6 L/yr 30% more	3 job openings
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HDFC Bank Business Development Executive Salary 0 - 6 years exp. (12 salaries)	₹2 L/yr - ₹4.5 L/yr 14% more
ICICI Bank Business Development Executive Salary 2 - 6 years exp. (11 salaries)	₹1 L/yr - ₹4.2 L/yr 2% more
IDBI Bank Business Development Executive Salary 0 - 6 years exp. (6 salaries)	₹2.4 L/yr - ₹3.2 L/yr 26% more
Kotak Mahindra Bank Business Development Executive Salary 2 - 5 years exp. (6 salaries)	₹1.9 L/yr - ₹4.3 L/yr 23% more
Standard Chartered Business Development Executive Salary 5 - 11 years exp. (4 salaries)	₹3 L/yr - ₹5 L/yr 84% more

Business Development Executive salary at IDFC FIRST Bank ranges between ₹1.5 Lakh to ₹3 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 4 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Business Development Executive salaries in Mumbai

Last Updated: 3 Apr 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
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3 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr

View all

Similar Designation salaries in IDFC FIRST Bank

Sales Executive Salary

(88 salaries)

₹1.45 L/yr - ₹4.5 L/yr

Business Development Officer Salary

(12 salaries)

₹1.5 L/yr - ₹3.2 L/yr

Senior Sales Executive Salary

(11 salaries)

₹1.5 L/yr - ₹4 L/yr

Senior Business Development Executive Salary

(4 salaries)

₹1.3 L/yr - ₹2.4 L/yr

Business Development Manager Salary

(3 salaries)

₹3.1 L/yr - ₹3.3 L/yr

Top skills at IDFC FIRST Bank for Business Development Executive

Business Development Management Corporate Sales Sales Corporate Business Development

Salary related reviews for IDFC FIRST Bank

1.0

Rated by 1 employees for salary & benefits

Sales Executive in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 13 Sep 2023

1.0

for Salary and Benefits

Likes

Nothing I just only like that they give you the off but in that off they cut the salary also what is the job is this??? So it means I don't like this job, they don't hire you permanently because of if you don't give the targeted thing they will don't give you the salary and they expect ki hum inko itna Business karke de ki jitna Inka bhai karke dede

Dislikes

I don't like to work in this company as employee and already working in this bank as I am very disappointed in this company by seniors saloni bhalla territory manager of sepl and pradeep saluja state head of sepl. I feel discrimination in this company by the seniors and the other staff I am also like them I wanted to fall so I can work at there but I really didn't felt about that.

Salary - Bad

+5 more

Sales Executive in New Delhi

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 28 Mar 2023

4.0

for Salary and Benefits

Likes

This is my first job and had great experience working in IDFC FIRST BANK. Got alot to learn and I got chance to built new skills. Work culture is smooth, on every level people guide and support so never felt lack of learning in any point of situation.

Salary - Good

+4 more

Dislikes

There is nothing to hate about IDFC , but no body can ever be satisfied from their salary, but obviously according to me salary offer to me was less as compared to market value my skills and knowledge hold , it's been one year , I am not seeing appraisal scope here , so planning to change my job , After all we all are here to earn and learn .

Promotions - Poor

Relationship Manager in Chennai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 08 Sep 2023

2.0

for Salary and Benefits

Likes

Currently, the pay they are offering is good

Dislikes

...e a fancy job discription and in relaity, the job we do is completely different. They harras employees and even after resigning, they harrass for due payment.

Salary - Poor

+5 more

Relationship Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 17 Jul 2022

3.0

for Salary and Benefits

Likes

Pay Scale, on time appraisals and promotions

Dislikes

Work life balance Management Management’s attitude because of which there is such high attrition yet HR would do nothing about one or two people especially in the management who are root cause of all problem

Skill development - Bad

+3 more

Relationship Manager in Ujjain

Full Time

Sales & Business Development Department

4.0

• posted on 23 May 2022

4.0

for Salary and Benefits

Likes

Supportive staff,appraisals are good and salary hikes are good. Employee benifits and good incentive.

Salary - Good

+4 more

Dislikes

Product policy is not as per market. Difficulties arrives during manual login and disbursement of loans.

see more salary related reviews

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What people are saying about IDFC FIRST Bank

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a senior business analyst

Salary discussion

For a BA/PM, is 50% increment on current salary is too much to ask? Background: MBA from IIM, BE - Computer Science from tier 2 college, ~3 Years experience.

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IDFC FIRST Bank Business Development Executive Salary FAQs

What is the salary of Business Development Executive at IDFC FIRST Bank in Mumbai?

The average salary of a Business Development Executive at IDFC FIRST Bank in Mumbai typically ranges from ₹1.5 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Business Development Executive in Mumbai at IDFC FIRST Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Business Development Executive Salaries at IDFC FIRST 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 4 IDFC FIRST Bank employees in India.

What is the estimated take home salary of a Business Development Executive at IDFC FIRST Bank in Mumbai?

The estimated take-home salary of a Business Development Executive at IDFC FIRST Bank in Mumbai typically ranges from ₹16,200 to ₹17,871 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 1 year 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 4 salaries received from various employees of IDFC FIRST Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Business Development Executive at IDFC FIRST Bank in Mumbai?

To be a Business Development Executive at IDFC FIRST Bank in Mumbai, the key skills required include:

- Business Development Management
- Corporate Sales
- Sales
- Corporate Business Development

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

Which companies offer higher salaries than IDFC FIRST Bank for Business Development Executive in India?

Standard Chartered	₹3.0 Lakhs to ₹5.0 Lakhs per year
Jana Small Finance Bank	₹1.6 Lakhs to ₹3.6 Lakhs per year
IDBI Bank	₹2.4 Lakhs to ₹3.2 Lakhs per year
Kotak Mahindra Bank	₹1.9 Lakhs to ₹4.3 Lakhs per year
HDFC Bank	₹2.0 Lakhs to ₹4.5 Lakhs per year

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

What is the salary of a Business Development Executive in companies similar to IDFC FIRST Bank in Mumbai?

The salary of a Business Development Executive at companies similar to IDFC FIRST Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank	₹1.0 Lakhs to ₹4.5 Lakhs per year
ICICI Bank	₹1.0 Lakhs to ₹4.2 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 IDFC FIRST Bank in Mumbai?

The salary growth for a Business Development Executive at IDFC FIRST 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 IDFC FIRST Bank:

Experience	Average Salary Range
1 year	₹1.9 Lakhs to ₹2.4 Lakhs per year
2 years	₹2.0 Lakhs to ₹2.5 Lakhs per year
3 years	₹2.1 Lakhs to ₹2.6 Lakhs per year
4 years	₹2.1 Lakhs to ₹2.7 Lakhs per year

and so on.

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IDFC FIRST Bank Business Development Executive Salaries in Mumbai

IDFC FIRST Bank Business Development Executive salary in Mumbai ranges between ₹1.5 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.