Kotak Mahindra Bank Mumbai Business Development Officer Salaries by 3 Employees

1 - 4 years exp.

₹2.7 Lakhs - ₹3.1 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

21% less than the average Business Development Officer Salary in Banking Companies for 1 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Officer Salary 4 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
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Marketing & Communication Business Development Officer Salary 2 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.6 L/yr

Last Updated: 16 Mar 2023

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

Kotak Mahindra Bank Business Development Officer Salary

1 - 4 years exp. (3 salaries)

₹2.7 L/yr - ₹3.1 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Business Development Officer Salary 0 - 6 years exp. (16 salaries)	₹1.7 L/yr - ₹3.5 L/yr 4% less
IDFC FIRST Bank Business Development Officer Salary 1 - 6 years exp. (12 salaries)	₹1.5 L/yr - ₹3.2 L/yr 19% less
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The Saraswat Co-operative Bank Business Development Officer Salary 2 - 6 years exp. (8 salaries)	₹3 L/yr - ₹4 L/yr 27% more
HDFC Bank Business Development Officer Salary 1 - 5 years exp. (5 salaries)	₹1.8 L/yr - ₹3 L/yr 6% less	1 job opening
IDBI Bank Business Development Officer Salary 2 - 5 years exp. (4 salaries)	₹1.2 L/yr - ₹2.5 L/yr 13% less

Business Development Officer salary at Kotak Mahindra Bank ranges between ₹2.7 Lakhs to ₹3.1 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Business Development Officer salaries in Mumbai

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
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3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr

From

Business Development Officer

₹

Lakhs/yr

1 - 7 years exp.

Regional Sales Manager

₹

Lakhs/yr

12 - 19 years exp.

Business Development Officer

1 - 7 years exp.

Assistant Sales Manager

1 - 6 years exp.

18% hike

Sales Manager

1 - 12 years exp.

89% 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

(180 salaries)

₹1.05 L/yr - ₹5 L/yr

Sales Officer Salary

(65 salaries)

₹1.44 L/yr - ₹4 L/yr

Assistant Sales Manager Salary

(23 salaries)

₹2 L/yr - ₹5 L/yr

Business Development Executive Salary

(6 salaries)

₹1.9 L/yr - ₹4.25 L/yr

Business Manager Salary

(5 salaries)

₹11.5 L/yr - ₹15.4 L/yr

Business Development Manager Salary

(5 salaries)

₹1.5 L/yr - ₹10.81 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

1.0

Rated by 1 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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What people are saying about Kotak Mahindra Bank

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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

How the salary growth look like for a Business Development Officer at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.3 Lakhs to ₹3.0 Lakhs per year
2 years	₹2.4 Lakhs to ₹3.1 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years	₹2.6 Lakhs to ₹3.3 Lakhs per year

and so on.

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Kotak Mahindra Bank Business Development Officer Salaries in Mumbai

Kotak Mahindra Bank Business Development Officer salary in Mumbai ranges between ₹2.7 Lakhs to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.