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Indian Oil Corporation Business Manager salaries in Lucknow

Annual salary range
2 - 6 years exp.
₹11 Lakhs - ₹20 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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122% more than the average Business Manager Salary in Oil & Gas Companies for 2 - 6 years of experience

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Salaries in different departments

Sales & Business Development
Business Manager Salary
4 - 6 years exp. (3 salaries)
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₹17.4 L/yr - ₹20 L/yr

Marketing & Communication
Business Manager Salary
2 years exp. (AmbitionBox Estimate)
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₹11 L/yr - ₹16.9 L/yr

Last Updated: 29 Oct 2023

Companies similar to Indian Oil Corporation for Business Manager in Lucknow

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Indian Oil Corporation Business Manager Salary

2 - 6 years exp. (4 salaries)

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₹11 L/yr - ₹20 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2.5 L/yr - ₹5 L/yr

arrow icon 82% less
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LivSpace Business Manager Salary

6 - 11 years exp. (12 salaries)

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₹7.2 L/yr - ₹12 L/yr

arrow icon 45% less
10 job openings
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Cipla Business Manager Salary

7 - 14 years exp. (8 salaries)

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₹4 L/yr - ₹13 L/yr

arrow icon 52% less
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₹7 L/yr - ₹10.1 L/yr

arrow icon 50% less
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IFB Business Manager Salary

10 - 12 years exp. (5 salaries)

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₹6.4 L/yr - ₹17 L/yr

arrow icon 10% less
Business Manager salary at Indian Oil Corporation ranges between ₹11 Lakhs to ₹20 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Indian Oil Corporation.

Latest annual salaries shared by Indian Oil Corporation Business Manager in Lucknow

1y ago
₹20 Lakhs
6 years exp.

Experience wise Indian Oil Corporation Business Manager salaries in Lucknow

Last Updated: 29 Oct 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹15 L/yr - ₹19.2 L/yr
3 years (AmbitionBox Estimate)

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₹15.3 L/yr - ₹19.6 L/yr
4 years (AmbitionBox Estimate)

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₹15.6 L/yr - ₹19.9 L/yr
5 years (AmbitionBox Estimate)

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₹15.9 L/yr - ₹20.3 L/yr
6 years (AmbitionBox Estimate)

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₹16.1 L/yr - ₹20.6 L/yr

Salary related reviews for Indian Oil Corporation

Marketing Department

3.0
  •  posted on 20 Sep 2019

3.0
 for  Salary and Benefits

Likes

...either they allow to chose ur field of interest. No consideration to ur choices. Salary becomes static after a time. And now even job security is at risk. Its better u work hard in private sector and earn double than us.

read more

Dislikes

Static salary after a time Bad promotion policy. And no consideration for ur work choices.

read more
  • Promotions - Poor

Full Time

 · 

Production, Manufacturing & Engineering Department

3.0
  •  posted on 20 Aug 2024

4.0
 for  Salary and Benefits

Likes

Good salary for freshers Great allowances for furniture, mobile and laptops Superb Medical benefits Job security is best in the industry Diverse working exposure in refineries Townships for employees

read more
  • Salary - Good
  • +1 more

Dislikes

Remote/ Hardship working locations for refineries Poor work life balance for refineries Hard collar job Career growth is subject to satisfaction of bosses Heavy work loads in few large refineries

read more
  • Work-life balance - Poor

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 10 Sep 2023

4.0
 for  Salary and Benefits

Likes

...ork culture is not much stressed and employees can have a very comfortable life. The pay offered here is good and decent.

read more
  • Salary - Good
  • +2 more

Dislikes

The pay discrimination. Since its a PSU, one of the biggest disadvantages is that you are not paid according to your Qualification and contribution rather it is much based on how long have you been in the company. The organization has been filled with enough examples where an IITian, CAs, MBA professionals who are much important to organization because of their skills are being paid less than an old age employees who might be just doing basic work like passing of medical invoices, being PAs to senior management, employee reimbursement review etc. They work does not contribute either to the growth or profitability of the organization however there CTC 3-4 times higher than that of Qualified personnel working in the same company. Further, very limited personnel from the top management are actually concerned about the health of the organization but mostly are just there to complete their tenure which makes the organization extremely slow and difficult for young professionals to work with full efficiency.

read more
  • Skill development - Poor
  • +1 more

Full Time

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Finance & Accounting Department

5.0
  •  posted on 25 Jul 2023

5.0
 for  Salary and Benefits

Likes

...osphere may be different. But overall its a very good organisation to work with.job security, salary and benefits.

read more
  • Salary - Excellent
  • +5 more

Dislikes

Transfer policy is an issue. But it can be worked around if you take 2 to 3 transfer in 30 years.

Full Time

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Marketing & Communication Department

4.0
  •  posted on 09 Sep 2023

4.0
 for  Salary and Benefits

Likes

Job Security and decent salary. Extensive job profiles within the company to suit for everyone's needs. Some profiles are exhausting while some are chill.

read more
  • Salary - Good
  • +1 more

Dislikes

Work life balance is pathetic in sales and marketing division.

  • Work satisfaction - Poor
  • +1 more
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Indian Oil Corporation Business Manager Salary FAQs

What is the salary of Business Manager at Indian Oil Corporation in Lucknow?
The average salary of a Business Manager at Indian Oil Corporation in Lucknow typically ranges from ₹11.0 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Business Manager in Lucknow at Indian Oil Corporation earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Business Manager Salaries at Indian Oil Corporation 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 Indian Oil Corporation employees in India.
What is the estimated take home salary of a Business Manager at Indian Oil Corporation in Lucknow?
The estimated take-home salary of a Business Manager at Indian Oil Corporation in Lucknow typically ranges from ₹1,18,000 to ₹1,21,302 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 2 years 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 Indian Oil Corporation. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Business Manager in companies similar to Indian Oil Corporation in Lucknow?
The salary of a Business Manager at companies similar to Indian Oil Corporation in Lucknow varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IFB ₹6.4 Lakhs to ₹17.0 Lakhs per year
LivSpace ₹7.2 Lakhs to ₹12.0 Lakhs per year
Reliance General Insurance ₹7.0 Lakhs to ₹10.1 Lakhs per year
Cipla ₹4.0 Lakhs to ₹13.0 Lakhs per year
Bharti AXA Life Insurance ₹2.5 Lakhs to ₹5.0 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 Manager at Indian Oil Corporation in Lucknow?
The salary growth for a Business Manager at Indian Oil Corporation in Lucknow depends on factors such as experience, performance, and promotions. On average, a Business Manager in Lucknow can expect the following growth trajectory at Indian Oil Corporation:

Experience Average Salary Range
2 years ₹15.0 Lakhs to ₹19.2 Lakhs per year
3 years ₹15.3 Lakhs to ₹19.6 Lakhs per year
4 years ₹15.6 Lakhs to ₹19.9 Lakhs per year
5 years ₹15.9 Lakhs to ₹20.3 Lakhs per year
and so on.

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Indian Oil Corporation Business Manager salary in Lucknow ranges between ₹11 Lakhs to ₹20 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Indian Oil Corporation latest salaries received from various employees of Indian Oil Corporation.