Kotak Mahindra Bank Mumbai Business Development Executive Salaries by 6 Employees

2 - 4 years exp.

₹1.9 Lakh - ₹4.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

29% less than the average Business Development Executive Salary in Banking Companies for 2 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Executive Salary 2 - 4 years exp. (4 salaries)	₹2.8 L/yr - ₹4.3 L/yr
Finance & Accounting Business Development Executive Salary 3 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹3 L/yr
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Marketing & Communication Business Development Executive Salary 2 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹2.7 L/yr

Last Updated: 13 Mar 2023

Companies similar to Kotak Mahindra Bank for Business Development Executive in Mumbai

Kotak Mahindra Bank Business Development Executive Salary

2 - 4 years exp. (6 salaries)

₹1.9 L/yr - ₹4.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Bank Business Development Executive Salary 0 - 6 years exp. (83 salaries)	₹1 L/yr - ₹4.5 L/yr 10% less	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 6% more	2 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 7% less
ICICI Bank Business Development Executive Salary 2 - 6 years exp. (11 salaries)	₹1 L/yr - ₹4.2 L/yr 17% less
IDBI Bank Business Development Executive Salary 0 - 6 years exp. (6 salaries)	₹2.4 L/yr - ₹3.2 L/yr 2% more
IDFC FIRST Bank Business Development Executive Salary 1 - 6 years exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 19% less
The Saraswat Co-operative Bank Business Development Executive Salary 3 - 6 years exp. (4 salaries)	₹3.6 L/yr - ₹4.9 L/yr 59% more

Business Development Executive salary at Kotak Mahindra Bank ranges between ₹1.9 Lakh to ₹4.3 Lakhs per year for employees with experience between 2 years to 4 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Business Development Executive salaries in Mumbai

Last Updated: 13 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
3 years (3 salaries)	₹1.9 L/yr - ₹4.3 L/yr
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4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr

From

Business Development Executive

0 - 5 years exp.

Deputy Manager

0 - 13 years exp.

From

View 3 more levels

Business Development Executive

0 - 5 years exp.

Regional Sales Manager

12 - 19 years exp.

From

View 4 more levels

Business Development Executive

0 - 5 years exp.

Senior Regional Business Manager

Salary unavailable

From

View 2 more levels

Business Development Executive

0 - 5 years exp.

Regional Asset Manager

15 - 17 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindra Bank

Sales Executive Salary

(178 salaries)

₹1.05 L/yr - ₹5 L/yr

Senior Sales Executive Salary

(11 salaries)

₹1.5 L/yr - ₹3 L/yr

Business Development Manager Salary

(5 salaries)

₹1.5 L/yr - ₹10.81 L/yr

Business Development Officer Salary

(3 salaries)

₹2.7 L/yr - ₹3.14 L/yr

Salary related reviews for Kotak Mahindra Bank

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.

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Business Development Executive Salary FAQs

What is the salary of Business Development Executive at Kotak Mahindra Bank in Mumbai?

The average salary of a Business Development Executive at Kotak Mahindra Bank in Mumbai typically ranges from ₹1.9 Lakhs to ₹4.3 Lakhs per year, depending on experience (from 2 years to 4 years).

The top 10% of Business Development Executive in Mumbai at Kotak Mahindra Bank earn more than ₹4.3 Lakhs per year, and the top 1% earn over ₹4.3 Lakhs per year. Business Development Executive 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 6 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Business Development Executive at Kotak Mahindra Bank in Mumbai typically ranges from ₹20,531 to ₹22,186 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹4.3 Lakhs per year for employees with experience ranging from 2 years to 4 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 6 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 Executive in India?

The Saraswat Co-operative Bank	₹3.6 Lakhs to ₹4.9 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

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 Executive in companies similar to Kotak Mahindra Bank in Mumbai?

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

HDFC Bank	₹2.0 Lakhs to ₹4.5 Lakhs per year
Axis Bank	₹1.0 Lakhs to ₹4.5 Lakhs per year
ICICI Bank	₹1.0 Lakhs to ₹4.2 Lakhs per year
IDFC FIRST Bank	₹1.5 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 Executive at Kotak Mahindra Bank in Mumbai?

The salary growth for a Business Development Executive at Kotak Mahindra 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 Kotak Mahindra Bank:

Experience	Average Salary Range
2 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
3 years	₹1.9 Lakhs to ₹4.3 Lakhs per year
4 years	₹2.6 Lakhs to ₹3.4 Lakhs per year

and so on.

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Kotak Mahindra Bank Business Development Executive Salaries in Mumbai

Kotak Mahindra Bank Business Development Executive salary in Mumbai ranges between ₹1.9 Lakh to ₹4.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.