Kotak Mahindra Bank Business Development Manager Salaries by 40+ Employees (Updated 2025)

1 - 10 years exp.

₹1.5 Lakh - ₹8 Lakhs

Salary of majority employees

39% less than the average Business Development Manager Salary in Banking Companies for 1 - 10 years of experience

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Salaries in different departments

Sales & Business Development Business Development Manager Salary 1 - 10 years exp. (20 salaries)	₹3.4 L/yr - ₹9.6 L/yr
BFSI, Investments & Trading Business Development Manager Salary 3 - 10 years exp. (8 salaries)	₹2.5 L/yr - ₹9.6 L/yr
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Customer Success, Service & Operations Business Development Manager Salary 1 - 5 years exp. (4 salaries)	₹2.2 L/yr - ₹4.5 L/yr
Finance & Accounting Business Development Manager Salary 1 - 4 years exp. (4 salaries)	₹1.5 L/yr - ₹8 L/yr
Marketing & Communication Business Development Manager Salary 6 - 8 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹5.9 L/yr

Last Updated: 8 Feb 2025

Companies similar to Kotak Mahindra Bank for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Business Development Manager Salary 1 - 13 years exp. (128 salaries)	₹2 L/yr - ₹10 L/yr 27% more	1 job opening
ICICI Bank Business Development Manager Salary 0 - 8 years exp. (124 salaries)	₹2 L/yr - ₹7.1 L/yr 48% more
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Axis Bank Business Development Manager Salary 0 - 10 years exp. (125 salaries)	₹1.4 L/yr - ₹7 L/yr 12% less
Yes Bank Business Development Manager Salary 3 - 6 years exp. (12 salaries)	₹3.5 L/yr - ₹10 L/yr 17% more
IndusInd Bank Business Development Manager Salary 0 - 8 years exp. (1.4k salaries)	₹1.8 L/yr - ₹5.3 L/yr 17% less	13 job openings
IDFC FIRST Bank Business Development Manager Salary 1 - 10 years exp. (44 salaries)	₹2.1 L/yr - ₹5 L/yr 35% less
Federal Bank Business Development Manager Salary 1 - 5 years exp. (3 salaries)	₹11 L/yr - ₹13.3 L/yr 174% more
Bandhan Bank Business Development Manager Salary 2 - 8 years exp. (7 salaries)	₹1.8 L/yr - ₹5 L/yr 16% less
DBS Bank Business Development Manager Salary 3 - 14 years exp. (4 salaries)	₹2.8 L/yr - ₹5 L/yr 11% less
Karur Vysya Bank Business Development Manager Salary 3 - 8 years exp. (122 salaries)	₹3 L/yr - ₹8 L/yr 4% less
Bank of Baroda Business Development Manager Salary 0 - 6 years exp. (32 salaries)	₹2 L/yr - ₹4.2 L/yr 34% less
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City Union Bank Business Development Manager Salary 2 - 14 years exp. (31 salaries)	₹5.8 L/yr - ₹10.1 L/yr 74% more
Jana Small Finance Bank Business Development Manager Salary 0 - 14 years exp. (25 salaries)	₹2.5 L/yr - ₹7 L/yr 20% less
State Bank of India Business Development Manager Salary 3 - 9 years exp. (12 salaries)	₹2 L/yr - ₹6 L/yr 8% less
Paytm Payments Bank Business Development Manager Salary 1 - 5 years exp. (5 salaries)	₹2 L/yr - ₹3 L/yr 47% less
IDBI Bank Business Development Manager Salary 4 - 9 years exp. (4 salaries)	₹2 L/yr - ₹4.2 L/yr 28% less
Ujjivan Small Finance Bank Business Development Manager Salary 3 - 8 years exp. (4 salaries)	₹3.5 L/yr - ₹4 L/yr 19% less
Utkarsh Small Finance Bank Business Development Manager Salary 2 - 10 years exp. (4 salaries)	₹2.4 L/yr - ₹3.8 L/yr 36% less
Canara Bank Business Development Manager Salary 1 - 30 years exp. (3 salaries)	₹2.7 L/yr - ₹7 L/yr 20% more
South Indian Bank Business Development Manager Salary 5 - 8 years exp. (3 salaries)	₹3 L/yr - ₹9 L/yr 16% more

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Business Development Manager salary at Kotak Mahindra Bank ranges between ₹1.5 Lakh to ₹8 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 47 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Business Development Manager salaries

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹1.5 L/yr - ₹5.1 L/yr
2 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹5.1 L/yr
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3 years (10 salaries)	₹1.5 L/yr - ₹5 L/yr
4 years (7 salaries)	₹1.9 L/yr - ₹8 L/yr
5 years (7 salaries)	₹2.1 L/yr - ₹5 L/yr
6 years (7 salaries)	₹3.5 L/yr - ₹8 L/yr
7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹7.3 L/yr
8 years (4 salaries)	₹3.5 L/yr - ₹10 L/yr
9 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹10.3 L/yr
10 years (3 salaries)	₹2.5 L/yr - ₹9 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Senior Business Development Manager Salary

(7 salaries)

₹9.3 L/yr - ₹12 L/yr

Business Development Associate Salary

(4 salaries)

₹2 L/yr - ₹4.4 L/yr

Business Development Executive Salary

(48 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Business Manager Salary

(30 salaries)

₹7.25 L/yr - ₹15.4 L/yr

Zonal Sales Manager Salary

(10 salaries)

₹27 L/yr - ₹62 L/yr

Assistant Sales Manager Salary

(282 salaries)

₹1.8 L/yr - ₹4.5 L/yr

Senior Business Development Executive Salary

(4 salaries)

₹1.7 L/yr - ₹2.5 L/yr

Senior Sales Manager Salary

(74 salaries)

₹7.5 L/yr - ₹14 L/yr

Area Sales Manager Salary

(272 salaries)

₹6.05 L/yr - ₹23 L/yr

Territory Sales Manager Salary

(69 salaries)

₹3.8 L/yr - ₹12 L/yr

Top skills at Kotak Mahindra Bank for Business Development Manager

HNI Acquisition Portfolio Management Retail Liabilities preferred banking premier banking Relationship Management Investment Advisory hni NRI HNI Sales Investment Products Third Party Products Wealth Management Mutual Funds Sales priority banking

Salary related reviews for Kotak Mahindra Bank

4.4

Rated by 13 employees for salary & benefits

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

Deputy Manager in Thane

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Nov 2023

2.0

for Salary and Benefits

Likes

Work profile and process is good.

Dislikes

Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

Salary - Poor

+4 more

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank Business Development Manager Salary FAQs

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

Business Development Manager salary at Kotak Mahindra Bank in India ranges between ₹1.5 Lakhs to ₹8.0 Lakhs for experience between 1 years to 10 years. According to our estimates it is 39% less than the average Business Development Manager Salary in India. Salary estimates are based on 47 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Business Development Manager at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Business Development Manager at Kotak Mahindra Bank is 39% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Business Development Manager at Kotak Mahindra Bank?

HNI Acquisition, Portfolio Management, Retail Liabilities, preferred banking and premier banking are some of the popular skills required to work as a Business Development Manager at Kotak Mahindra Bank India.

Which similar companies are paying more than Kotak Mahindra Bank to a Business Development Manager in India?

Federal Bank Business Development Manager Salary - ₹11.0 Lakhs to ₹13.3 Lakhs per year
City Union Bank Business Development Manager Salary - ₹5.8 Lakhs to ₹10.1 Lakhs per year
ICICI Bank Business Development Manager Salary - ₹2.0 Lakhs to ₹7.1 Lakhs per year
HDFC Bank Business Development Manager Salary - ₹2.0 Lakhs to ₹10.0 Lakhs per year
Canara Bank Business Development Manager Salary - ₹2.7 Lakhs to ₹7.0 Lakhs per year

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

Yes Bank Business Development Manager Salary - ₹3.5 Lakhs to ₹10.0 Lakhs per year
South Indian Bank Business Development Manager Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year
Karur Vysya Bank Business Development Manager Salary - ₹3.0 Lakhs to ₹8.0 Lakhs per year
State Bank of India Business Development Manager Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
DBS Bank Business Development Manager Salary - ₹2.8 Lakhs to ₹5.0 Lakhs per year

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

The estimated take-home salary of a Business Development Manager at Kotak Mahindra Bank ranges between ₹34,146 per month to ₹35,399 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Business Development Manager salary in India which ranges between ₹1.5 Lakhs to ₹8.0 Lakhs per year for employees with experience between 1 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Business Development Manager at Kotak Mahindra Bank?

According to AmbitionBox, 50% of the Kotak Mahindra Bank Business Development Managers reported a notice period of 1 Month, 36% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 44 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Business Development Manager Salaries

Kotak Mahindra Bank Business Development Manager salary in India ranges between ₹1.5 Lakh to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 47 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Business Development Manager salaries in India

Companies similar to Kotak Mahindra Bank for Business Development Manager

Latest annual salaries shared by Kotak Mahindra Bank Business Development Manager

Experience wise Kotak Mahindra Bank Business Development Manager salaries

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Business Development Manager

Salary related reviews for Kotak Mahindra Bank

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Deputy Manager in Thane

Kotak Mahindra Bank Business Development Manager Salary FAQs

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Kotak Mahindra Bank Business Development Manager Salaries by Location