Kotak Mahindra Bank Pune Business Development Manager Salaries by 7 Employees (Updated 2025)

3 - 5 years exp.

₹2.5 Lakhs - ₹8 Lakhs

Salary of majority employees

38% less than the average Business Development Manager Salary in Banking Companies for 3 - 5 years of experience

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Salaries in different departments

Sales & Business Development Business Development Manager Salary 3 - 5 years exp. (3 salaries)	₹3.4 L/yr - ₹5.4 L/yr
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BFSI, Investments & Trading Business Development Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.3 L/yr

Last Updated: 24 Jul 2024

Companies similar to Kotak Mahindra Bank for Business Development Manager in Pune

Kotak Mahindra Bank Business Development Manager Salary

3 - 5 years exp. (7 salaries)

₹2.5 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Business Development Manager Salary 2 - 13 years exp. (9 salaries)	₹3 L/yr - ₹9.5 L/yr 27% more	1 job opening
ICICI Bank Business Development Manager Salary 2 - 10 years exp. (7 salaries)	₹5 L/yr - ₹11 L/yr 40% more
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Axis Bank Business Development Manager Salary 1 - 8 years exp. (6 salaries)	₹2.1 L/yr - ₹5.3 L/yr 4% less
IndusInd Bank Business Development Manager Salary 0 - 8 years exp. (142 salaries)	₹2 L/yr - ₹5 L/yr 15% less	47 job openings
Bank of Baroda Business Development Manager Salary 4 - 6 years exp. (4 salaries)	₹3 L/yr - ₹3.2 L/yr 30% less

Business Development Manager salary at Kotak Mahindra Bank ranges between ₹2.5 Lakhs to ₹8 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Business Development Manager salaries in Pune

Last Updated: 24 Jul 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.5 L/yr
4 years (3 salaries)	₹2.5 L/yr - ₹8 L/yr
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5 years (3 salaries)	₹3.4 L/yr - ₹7 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Assistant Sales Manager Salary

(17 salaries)

₹2.2 L/yr - ₹4 L/yr

Area Sales Manager Salary

(14 salaries)

₹8 L/yr - ₹22.45 L/yr

Senior Sales Manager Salary

(8 salaries)

₹7.5 L/yr - ₹12 L/yr

Business Manager Salary

(4 salaries)

₹10.4 L/yr - ₹12.75 L/yr

Business Development Executive Salary

(3 salaries)

₹2.3 L/yr - ₹3.5 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

5.0

Rated by 1 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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Business Development Manager Salary FAQs

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

Business Development Manager salary at Kotak Mahindra Bank in Pune ranges between ₹2.5 Lakhs to ₹8.0 Lakhs for experience between 3 years to 5 years. According to our estimates it is 38% less than the average Business Development Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindra Bank Pune.

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

The average salary of a Business Development Manager at Kotak Mahindra Bank is 38% less than the average salary of a Business Development Manager in Pune. 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 Pune.

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

ICICI Bank Business Development Manager Salary - ₹5.0 Lakhs to ₹11.0 Lakhs per year
HDFC Bank Business Development Manager Salary - ₹3.0 Lakhs to ₹9.5 Lakhs per year

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

Axis Bank Business Development Manager Salary - ₹2.1 Lakhs to ₹5.3 Lakhs per year
IndusInd Bank Business Development Manager Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
Bank of Baroda Business Development Manager Salary - ₹3.0 Lakhs to ₹3.2 Lakhs per year

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

The estimated take-home salary of a Business Development Manager at Kotak Mahindra Bank ranges between ₹33,369 per month to ₹34,633 per month in Pune. The take-home salary calculation is based on the average Kotak Mahindra Bank Business Development Manager salary in India which ranges between ₹2.5 Lakhs to ₹8.0 Lakhs per year for employees with experience between 3 years to 5 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Kotak Mahindra Bank Business Development Managers in Pune reported a notice period of 1 Month.This is based on 6 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Business Development Manager Salaries in Pune

Kotak Mahindra Bank Business Development Manager salary in Pune ranges between ₹2.5 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Business Development Manager salaries in Pune

Companies similar to Kotak Mahindra Bank for Business Development Manager in Pune

Latest annual salaries shared by Kotak Mahindra Bank Business Development Manager in Pune

Experience wise Kotak Mahindra Bank Business Development Manager salaries in Pune

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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