Kotak Mahindra Bank Hyderabad / Secunderabad Business Development Officer Salaries by 4 Employees

5 - 7 years exp.

₹2.6 Lakhs - ₹3 Lakhs

Avg. annual salary

Monthly In-hand Salary

24% less than the average Business Development Officer Salary in Banking Companies for 5 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Officer Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹3 L/yr
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Sales & Business Development Business Development Officer Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.2 L/yr

Last Updated: 7 Nov 2023

Companies similar to Kotak Mahindra Bank for Business Development Officer in Hyderabad / Secunderabad

Kotak Mahindra Bank Business Development Officer Salary

5 - 7 years exp. (4 salaries)

₹2.6 L/yr - ₹3 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Business Development Officer Salary 0 - 5 years exp. (17 salaries)	₹1.8 L/yr - ₹2.7 L/yr 17% less
HDFC Bank Business Development Officer Salary 0 - 3 years exp. (13 salaries)	₹1.5 L/yr - ₹3.5 L/yr 16% less	1 job opening
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Karur Vysya Bank Business Development Officer Salary 3 - 6 years exp. (10 salaries)	₹3.5 L/yr - ₹4 L/yr 34% more
IDBI Bank Business Development Officer Salary 1 - 5 years exp. (5 salaries)	₹2.6 L/yr - ₹2.8 L/yr 4% less
IDFC FIRST Bank Business Development Officer Salary 2 - 3 years exp. (5 salaries)	₹1.5 L/yr - ₹3.5 L/yr 17% less

Business Development Officer salary at Kotak Mahindra Bank ranges between ₹2.6 Lakhs to ₹3 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Business Development Officer salaries in Hyderabad / Secunderabad

Last Updated: 7 Nov 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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7 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr

From

Business Development Officer

₹

Lakhs/yr

1 - 7 years exp.

Regional Sales Manager

₹

Lakhs/yr

12 - 21 years exp.

Business Development Officer

1 - 7 years exp.

Assistant Sales Manager

1 - 6 years exp.

16% hike

Sales Manager

0 - 12 years exp.

90% 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.

Similar Designation salaries in Kotak Mahindra Bank

Sales Executive Salary

(47 salaries)

₹1.15 L/yr - ₹4.5 L/yr

Assistant Sales Manager Salary

(19 salaries)

₹1.9 L/yr - ₹3.5 L/yr

Sales Officer Salary

(15 salaries)

₹1.5 L/yr - ₹4.3 L/yr

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

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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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 Officer Salary FAQs

What is the salary of Business Development Officer at Kotak Mahindra Bank in Hyderabad / Secunderabad?

The average salary of a Business Development Officer at Kotak Mahindra Bank in Hyderabad / Secunderabad typically ranges from ₹2.6 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 5 years to 7 years).

The top 10% of Business Development Officer in Hyderabad / Secunderabad at Kotak Mahindra Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 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 4 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Business Development Officer at Kotak Mahindra Bank in Hyderabad / Secunderabad typically ranges from ₹20,311 to ₹21,970 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 5 years 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 4 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 in Hyderabad / Secunderabad?

To be a Business Development Officer at Kotak Mahindra Bank in Hyderabad / Secunderabad, 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?

Karur Vysya Bank

₹3.5 Lakhs to ₹4.0 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 Hyderabad / Secunderabad?

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

IDBI Bank	₹2.6 Lakhs to ₹2.8 Lakhs per year
HDFC Bank	₹1.5 Lakhs to ₹3.5 Lakhs per year
IDFC FIRST Bank	₹1.5 Lakhs to ₹3.5 Lakhs per year
ICICI Bank	₹1.8 Lakhs to ₹2.7 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 Hyderabad / Secunderabad?

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

Experience	Average Salary Range
5 years	₹2.7 Lakhs to ₹3.4 Lakhs per year
6 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
7 years	₹2.8 Lakhs to ₹3.6 Lakhs per year

and so on.

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Kotak Mahindra Bank Business Development Officer Salaries in Hyderabad / Secunderabad

Kotak Mahindra Bank Business Development Officer salary in Hyderabad / Secunderabad ranges between ₹2.6 Lakhs to ₹3 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.

Kotak Mahindra Bank Business Development Officer salaries in Hyderabad / Secunderabad

Companies similar to Kotak Mahindra Bank for Business Development Officer in Hyderabad / Secunderabad

Latest annual salaries shared by Kotak Mahindra Bank Business Development Officer in Hyderabad / Secunderabad

Experience wise Kotak Mahindra Bank Business Development Officer salaries in Hyderabad / Secunderabad

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Business Development Officer

Salary related reviews for Kotak Mahindra Bank

Business Development Officer in Jodhpur

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Business Development Officer Salary FAQs

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