IIFL Finance Mumbai Business Development Manager Salaries by 7 Employees

0 - 8 years exp.

₹2 Lakhs - ₹7.9 Lakhs

Salary of majority employees

32% less than the average Business Development Manager Salary in NBFC Companies for 0 - 8 years of experience

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Salaries in different departments

Finance & Accounting Business Development Manager Salary 1 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹7.9 L/yr
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BFSI, Investments & Trading Business Development Manager Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹7.3 L/yr

Last Updated: 6 Aug 2024

Companies similar to IIFL Finance for Business Development Manager in Mumbai

IIFL Finance Business Development Manager Salary

0 - 8 years exp. (7 salaries)

₹2 L/yr - ₹7.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata Motors Finance Business Development Manager Salary 1 - 8 years exp. (22 salaries)	₹2 L/yr - ₹4.5 L/yr 30% less
HDB Financial Services Business Development Manager Salary 1 - 5 years exp. (6 salaries)	₹2 L/yr - ₹3.6 L/yr 48% less
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Mahindra Finance Business Development Manager Salary 2 - 7 years exp. (5 salaries)	₹8.5 L/yr - ₹13 L/yr 110% more
IndusInd Bank Business Development Manager Salary 0 - 8 years exp. (191 salaries)	₹2 L/yr - ₹5 L/yr 25% less	154 job openings
HDFC Life Business Development Manager Salary 0 - 10 years exp. (188 salaries)	₹1.9 L/yr - ₹5 L/yr 24% less	13 job openings

Business Development Manager salary at IIFL Finance ranges between ₹2 Lakhs to ₹7.9 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 7 latest salaries received from various employees of IIFL Finance.

Experience wise IIFL Finance Business Development Manager salaries in Mumbai

Last Updated: 6 Aug 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr
1 year (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
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2 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
3 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.4 L/yr
4 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
6 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
7 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
8 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr

View all

Similar Designation salaries in IIFL Finance

Business Manager Salary

(5 salaries)

₹5.5 L/yr - ₹7 L/yr

Area Sales Manager Salary

(3 salaries)

₹9.42 L/yr - ₹17 L/yr

Top skills at IIFL Finance for Business Development Manager

B2B Sales Acquisition Business Development Business Development Management Channel Sales Mutual Funds Franchisee Development structured products Revenue Generation Life Insurance General Insurance Client Acquisition Fixed Deposits Lead Generation RM

Salary related reviews for IIFL Finance

2.5

Rated by 3 employees for salary & benefits

Branch Manager in Dholka

Full Time

Other Department

3.0

• posted on 16 Nov 2024

1.0

for Salary and Benefits

Likes

Good scheams to serve customers

Skill development - Excellent

Dislikes

Giving low salary and huge pressure over work load more than salary. Hieringe from compitition with huge salary but not giving them who are wintage and loyal to the company.

Salary - Bad

+4 more

Area Manager in Guwahati

Full Time

Sales & Business Development Department

4.0

• posted on 04 Oct 2023

4.0

for Salary and Benefits

Likes

Good Culture, Good Management, Employee Partnership Program ESOP, Bonus

Salary - Good

+6 more

Dislikes

...s, ideally it should not be, Self driven people must have freedom from all this. Salary Structure should be as per performance, Outsiders gets higher package and those who are working since long they are having less salary. Few Seniors are looks like they are our guardian and they understand our problems, But few seniors we we feel scared even to make a call

Territory Sales Manager in Jaipur

Full Time

Sales & Business Development Department

5.0

• posted on 27 Sep 2023

5.0

for Salary and Benefits

Likes

...earn lot of thinks at my 12th year career company work culture is very healthy . Company each and every employee growth salary and profile according time to time.

Salary - Excellent

+6 more

Dislikes

Branch Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 31 Mar 2023

3.0

for Salary and Benefits

Likes

Value of positions, friendly nature with colleagues working areas,good customers at IIFL, salary intime credit employees,good service by employees for customers ,believed to customers iifl

Skill development - Excellent

+3 more

Dislikes

Some politics have in promotion s and grade changes, not completed in time eligible employees by promotions,no value for old employees ,some branches business depend by only some employees because future time face to problems company,zero walk-in some locations.some IRAs misuse job rules .

Job security - Poor

Deputy Manager in Mumbai

Full Time

Data Science & Analytics Department

3.0

• posted on 06 Sep 2023

1.0

for Salary and Benefits

Likes

...wth. Seniors are very rude and insensitive and careless... No work life balance. No salary promotions. No bonuses.. bonus are delayed with less %

Dislikes

Senior behaviour with junior

Salary - Bad

+5 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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IIFL Finance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at IIFL Finance in Mumbai?

The average salary of a Business Development Manager at IIFL Finance in Mumbai typically ranges from ₹2.0 Lakhs to ₹7.9 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Business Development Manager in Mumbai at IIFL Finance earn more than ₹7.9 Lakhs per year, and the top 1% earn over ₹7.9 Lakhs per year. Business Development Manager Salaries at IIFL Finance 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 7 IIFL Finance employees in India.

What is the estimated take home salary of a Business Development Manager at IIFL Finance in Mumbai?

The estimated take-home salary of a Business Development Manager at IIFL Finance in Mumbai typically ranges from ₹37,650 to ₹38,850 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹7.9 Lakhs per year for employees with experience ranging from Fresher to 8 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 7 salaries received from various employees of IIFL Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Business Development Manager at IIFL Finance in Mumbai?

To be a Business Development Manager at IIFL Finance in Mumbai, the key skills required include:

- B2B Sales
- Acquisition
- Business Development
- Business Development Management
- Channel Sales

These skills are highly valued at IIFL Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than IIFL Finance for Business Development Manager in India?

Mahindra Finance

₹8.5 Lakhs to ₹13.0 Lakhs per year

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

What is the salary of a Business Development Manager in companies similar to IIFL Finance in Mumbai?

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

HDFC Life	₹1.9 Lakhs to ₹5.0 Lakhs per year
IndusInd Bank	₹2.0 Lakhs to ₹5.0 Lakhs per year
Tata Motors Finance	₹2.0 Lakhs to ₹4.5 Lakhs per year
HDB Financial Services	₹2.0 Lakhs to ₹3.6 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 Manager at IIFL Finance in Mumbai?

The salary growth for a Business Development Manager at IIFL Finance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Business Development Manager in Mumbai can expect the following growth trajectory at IIFL Finance:

Experience	Average Salary Range
Fresher	₹3.9 Lakhs to ₹4.9 Lakhs per year
1 year	₹4.0 Lakhs to ₹5.1 Lakhs per year
2 years	₹4.1 Lakhs to ₹5.3 Lakhs per year
3 years	₹4.3 Lakhs to ₹5.4 Lakhs per year

and so on.

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IIFL Finance Business Development Manager Salaries in Mumbai

IIFL Finance Business Development Manager salary in Mumbai ranges between ₹2 Lakhs to ₹7.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 IIFL Finance latest salaries received from various employees of IIFL Finance.