Kotak Mahindra Bank Business Development Officer Salaries by 30+ Employees

1 - 7 years exp.

₹1.8 Lakh - ₹4 Lakhs

Salary of majority employees

23% less than the average Business Development Officer Salary in Banking Companies for 1 - 7 years of experience

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Salaries in different departments

Sales & Business Development Business Development Officer Salary 2 - 7 years exp. (12 salaries)	₹2 L/yr - ₹3.3 L/yr
BFSI, Investments & Trading Business Development Officer Salary 1 - 6 years exp. (8 salaries)	₹1.8 L/yr - ₹3 L/yr
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Marketing & Communication Business Development Officer Salary 2 - 7 years exp. (5 salaries)	₹2.7 L/yr - ₹4 L/yr
CSR & Social Service Business Development Officer Salary 1 - 3 years exp. (3 salaries)	₹2.4 L/yr - ₹3 L/yr
Customer Success, Service & Operations Business Development Officer Salary 3 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.3 L/yr

Last Updated: 10 Oct 2024

Companies similar to Kotak Mahindra Bank for Business Development Officer

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Business Development Officer Salary 0 - 5 years exp. (291 salaries)	₹1.2 L/yr - ₹3.8 L/yr 15% less
HDFC Bank Business Development Officer Salary 0 - 6 years exp. (182 salaries)	₹1.2 L/yr - ₹3.6 L/yr 16% less
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Karur Vysya Bank Business Development Officer Salary 3 - 8 years exp. (170 salaries)	₹3 L/yr - ₹5.1 L/yr 33% more
IDFC FIRST Bank Business Development Officer Salary 0 - 6 years exp. (145 salaries)	₹1.1 L/yr - ₹4 L/yr 22% less
Axis Bank Business Development Officer Salary 0 - 5 years exp. (58 salaries)	₹1.7 L/yr - ₹3.6 L/yr 10% less
IDBI Bank Business Development Officer Salary 0 - 8 years exp. (43 salaries)	₹1.2 L/yr - ₹3.6 L/yr 8% less
The Saraswat Co-operative Bank Business Development Officer Salary 1 - 6 years exp. (23 salaries)	₹3 L/yr - ₹4 L/yr 27% more
Jana Small Finance Bank Business Development Officer Salary 0 - 4 years exp. (8 salaries)	₹1.8 L/yr - ₹4.6 L/yr 2% more
IndusInd Bank Business Development Officer Salary 0 - 3 years exp. (6 salaries)	₹1.8 L/yr - ₹3 L/yr 7% less
Yes Bank Business Development Officer Salary 0 - 5 years exp. (5 salaries)	₹0.6 L/yr - ₹2.4 L/yr 52% less
South Indian Bank Business Development Officer Salary 0 - 10 years exp. (5 salaries)	₹5.6 L/yr - ₹14 L/yr 216% more
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Bandhan Bank Business Development Officer Salary 1 - 4 years exp. (4 salaries)	₹1.7 L/yr - ₹4 L/yr 11% less
RBL Bank Business Development Officer Salary 0 - 6 years exp. (4 salaries)	₹2.6 L/yr - ₹3.5 L/yr 5% more
Bank of Baroda Business Development Officer Salary 1 - 4 years exp. (4 salaries)	₹2 L/yr - ₹3.2 L/yr At par
Ujjivan Small Finance Bank Business Development Officer Salary 0 - 8 years exp. (4 salaries)	₹2.9 L/yr - ₹5 L/yr 46% more

Business Development Officer salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹4 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 32 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Business Development Officer salaries

Last Updated: 10 Oct 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹2.4 L/yr - ₹2.8 L/yr
2 years (5 salaries)	₹1.8 L/yr - ₹2.7 L/yr
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3 years (8 salaries)	₹2 L/yr - ₹3 L/yr
4 years (6 salaries)	₹2.3 L/yr - ₹3.3 L/yr
5 years (4 salaries)	₹1.2 L/yr - ₹3.3 L/yr
6 years (3 salaries)	₹2.9 L/yr - ₹4 L/yr
7 years (3 salaries)	₹2.9 L/yr - ₹4 L/yr

View all

From

Business Development Officer

₹

Lakhs/yr

1 - 7 years exp.

Regional Sales Manager

₹

Lakhs/yr

13 - 21 years exp.

Business Development Officer

1 - 7 years exp.

Assistant Sales Manager

1 - 6 years exp.

14% hike

Sales Manager

1 - 12 years exp.

97% hike

From

View 6 more levels

Business Development Officer

1 - 7 years exp.

Senior Regional Business Manager

Salary unavailable

From

View 4 more levels

Business Development Officer

1 - 7 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.

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Top skills at Kotak Mahindra Bank for Business Development Officer

Business Development Direct Sales Customer Retention Communication Skills Product Sales Portfolio Management Field Sales Ca bdm Casa Current Account hni sa NTP Sales

Salary related reviews for Kotak Mahindra Bank

4.5

Rated by 16 employees for salary & benefits

Business Development Officer in Jodhpur

Finance Department

1.0

• posted on 12 May 2018

1.0

for Salary and Benefits

Likes

There is no any growth salary / appraisal

Dislikes

Company is decent but growth is slow. The work pressure is very high. I have to work 14-18 Hours straight in a day as I attend the client calls in the late into the night. Manager do not value an individual which is why I have to take back my suggestion most of the time . No appraisal in service no any increments in salary

Salary - Bad

+6 more

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

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Kotak Mahindra Bank Business Development Officer Salary FAQs

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

The average salary of a Business Development Officer at Kotak Mahindra Bank in India typically ranges from ₹1.8 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Business Development Officer at Kotak Mahindra Bank earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Business Development Officer 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 30+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Business Development Officer at Kotak Mahindra Bank in India typically ranges from ₹20,252 to ₹21,911 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 1 year to 7 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 30+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Business Development Officer at Kotak Mahindra Bank ?

To be a Business Development Officer at Kotak Mahindra Bank in india, the key skills required include:

- Business Development
- Direct Sales
- Customer Retention
- Communication Skills
- Product Sales

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

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

South Indian Bank	₹5.6 Lakhs to ₹14.0 Lakhs per year
Ujjivan Small Finance Bank	₹2.9 Lakhs to ₹5.0 Lakhs per year
Karur Vysya Bank	₹3.0 Lakhs to ₹5.1 Lakhs per year
The Saraswat Co-operative Bank	₹3.0 Lakhs to ₹4.0 Lakhs per year
RBL Bank	₹2.6 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 Officer in companies similar to Kotak Mahindra Bank in India?

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

Jana Small Finance Bank	₹1.8 Lakhs to ₹4.6 Lakhs per year
Bank of Baroda	₹2.0 Lakhs to ₹3.2 Lakhs per year
IndusInd Bank	₹1.8 Lakhs to ₹3.0 Lakhs per year
IDBI Bank	₹1.2 Lakhs to ₹3.6 Lakhs per year
Axis Bank	₹1.7 Lakhs to ₹3.6 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 Officer at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹2.8 Lakhs per year
2 years	₹1.8 Lakhs to ₹2.7 Lakhs per year
3 years	₹2.0 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.3 Lakhs to ₹3.3 Lakhs per year

and so on.

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Kotak Mahindra Bank Business Development Officer Salaries

Kotak Mahindra Bank Business Development Officer salary in India ranges between ₹1.8 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 32 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.