Kotak Mahindra Bank Business Development Associate Salaries by 4 Employees

0 - 3 years exp.

₹2.1 Lakhs - ₹4.4 Lakhs

Low Confidence

Salary of majority employees

50% less than the average Business Development Associate Salary in Banking Companies for 0 - 3 years of experience

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Salaries in different departments

Sales & Business Development Business Development Associate Salary 0 - 3 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.4 L/yr
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Finance & Accounting Business Development Associate Salary 1 year exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 8 May 2023

Companies similar to Kotak Mahindra Bank for Business Development Associate

Company name	Avg Annual Salary	Open Jobs
Karur Vysya Bank Business Development Associate Salary 1 - 4 years exp. (115 salaries)	₹1.8 L/yr - ₹3.6 L/yr 2% more
Axis Bank Business Development Associate Salary 0 - 3 years exp. (57 salaries)	₹2 L/yr - ₹4.1 L/yr 1% less
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ICICI Bank Business Development Associate Salary 0 - 5 years exp. (6 salaries)	₹1.7 L/yr - ₹5.5 L/yr 26% more
IDFC FIRST Bank Business Development Associate Salary 2 - 6 years exp. (6 salaries)	₹1.7 L/yr - ₹3 L/yr 30% less
IDBI Bank Business Development Associate Salary 3 - 9 years exp. (4 salaries)	₹3 L/yr - ₹3.6 L/yr 20% more
IndusInd Bank Business Development Associate Salary 1 - 4 years exp. (4 salaries)	₹2.7 L/yr - ₹4.6 L/yr 33% more
Bank of Baroda Business Development Associate Salary 0 - 8 years exp. (4 salaries)	₹2.2 L/yr - ₹9 L/yr 134% more
Jana Small Finance Bank Business Development Associate Salary 0 - 3 years exp. (4 salaries)	₹2.2 L/yr - ₹4.2 L/yr 4% more
Paytm Payments Bank Business Development Associate Salary 3 - 5 years exp. (4 salaries)	₹2.1 L/yr - ₹5.5 L/yr 45% more
HDFC Bank Business Development Associate Salary 2 - 3 years exp. (3 salaries)	₹2 L/yr - ₹3.5 L/yr 22% more

Business Development Associate salary at Kotak Mahindra Bank ranges between ₹2.1 Lakhs to ₹4.4 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Business Development Associate salaries

Last Updated: 8 May 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
1 year (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr
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3 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr

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Salary related reviews for Kotak Mahindra Bank

5.0

Rated by 1 employees for salary & benefits

Relationship Officer in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 24 Mar 2025

2.0

for Salary and Benefits

Likes

On time salary

Skill development - Good

Dislikes

Worst work culture, even 2nd Saturday and 4th Saturday also working day.and if anyone not reached daily sales target reporting manager is putting LOP and high work pressure and paying low salaries.and not not given any leaves

Salary - Poor

+4 more

Sales Executive in Pune

Full Time

Finance & Accounting Department

5.0

• posted on 25 Sep 2023

3.0

for Salary and Benefits

Likes

Kotak is the best work place for freshers or experience persons .good culture. I say that bcoz of I had experienced.

Job security - Good

+2 more

Dislikes

But we need to focus employee salary package. I say that bcoz I have 18000 in hand salary package monthly. I can't survive in this fast growing city. Don't take it personal that is my honest review😊

Promotions - Poor

Team Lead in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

4.0

• posted on 08 May 2023

2.0

for Salary and Benefits

Likes

You get a lot of learning exposure. Job security is very good. 5 days working benefit. Overall a great experience.

Job security - Excellent

Dislikes

Newly recruited person are taken for high salary where as existing employees do not have the value. Work for 2 years and change the company we ll have dignity then. Wen required sales and when required service changes in sop very frequently. We end up learning n experience all these as well.

Salary - Poor

+1 more

Sales Executive in Hyderabad / Secunderabad

Full Time

Himayatnagar Department

5.0

• posted on 16 Apr 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture. teammates are supportive and the management is transparent. there is a huge cafeteria and gaming arcade for chilling. Company policies are good,

Salary - Excellent

+6 more

Dislikes

Salary is decent but career growth is full . There is a brand of 2 years before which you connot resign. On the job training is not giving to new joinees. there is lost of politics and the management doesn't address our issues.

Sales Officer in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

5.0

• posted on 07 Jan 2022

5.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues.

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank

I have bank experience and want to move to the IT sector, any possible? Which cloud is suitable for me.

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Kotak Mahindra Bank Business Development Associate Salary FAQs

What is the salary of Business Development Associate at Kotak Mahindra Bank ?

The average salary of a Business Development Associate at Kotak Mahindra Bank in India typically ranges from ₹2.1 Lakhs to ₹4.4 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Business Development Associate at Kotak Mahindra Bank earn more than ₹4.4 Lakhs per year, and the top 1% earn over ₹4.4 Lakhs per year. Business Development Associate Salaries at Kotak Mahindra 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 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Business Development Associate at Kotak Mahindra Bank in India?

The estimated take-home salary of a Business Development Associate at Kotak Mahindra Bank in India typically ranges from ₹19,892 to ₹21,556 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹4.4 Lakhs per year for employees with experience ranging from Fresher to 3 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 Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Bank for Business Development Associate in India?

Bank of Baroda	₹2.2 Lakhs to ₹9.0 Lakhs per year
Paytm Payments Bank	₹2.1 Lakhs to ₹5.5 Lakhs per year
IndusInd Bank	₹2.7 Lakhs to ₹4.6 Lakhs per year
ICICI Bank	₹1.7 Lakhs to ₹5.5 Lakhs per year
HDFC Bank	₹2.0 Lakhs to ₹3.5 Lakhs per year

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

What is the salary of a Business Development Associate in companies similar to Kotak Mahindra Bank in India?

The salary of a Business Development Associate at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IDBI Bank	₹3.0 Lakhs to ₹3.6 Lakhs per year
Jana Small Finance Bank	₹2.2 Lakhs to ₹4.2 Lakhs per year
Karur Vysya Bank	₹1.8 Lakhs to ₹3.6 Lakhs per year
Axis Bank	₹2.0 Lakhs to ₹4.1 Lakhs per year
IDFC FIRST Bank	₹1.7 Lakhs to ₹3.0 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 Development Associate at Kotak Mahindra Bank in India?

The salary growth for a Business Development Associate at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Business Development Associate can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹2.5 Lakhs per year
1 year	₹2.1 Lakhs to ₹2.6 Lakhs per year
3 years	₹4.0 Lakhs to ₹5.1 Lakhs per year

and so on.

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Kotak Mahindra Bank Business Development Associate Salaries

Kotak Mahindra Bank Business Development Associate salary in India ranges between ₹2.1 Lakhs to ₹4.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.