Kotak Mahindra Bank Visakhapatnam Business Development Officer Salaries by 3 Employees (Updated 2025)

2 - 3 years exp.

₹1.8 Lakh - ₹3 Lakhs

Low Confidence

Salary of majority employees

24% less than the average Business Development Officer Salary in Banking Companies for 2 - 3 years of experience

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Salaries in different departments

Sales & Business Development Business Development Officer Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹3 L/yr
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BFSI, Investments & Trading Business Development Officer Salary 2 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.6 L/yr

Last Updated: 9 Aug 2023

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

Kotak Mahindra Bank Business Development Officer Salary

2 - 3 years exp. (3 salaries)

₹1.8 L/yr - ₹3 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Business Development Officer Salary 2 - 3 years exp. (4 salaries)	₹2.1 L/yr - ₹2.5 L/yr 17% less
Aquatech International Business Development Officer Salary 7 - 11 years exp. (4 salaries)	₹2.7 L/yr - ₹3.5 L/yr 10% more
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Udaan Business Development Officer Salary 2 - 8 years exp. (4 salaries)	₹3 L/yr - ₹3.7 L/yr 30% more
Berger Paints Business Development Officer Salary 0 - 9 years exp. (3 salaries)	₹3.5 L/yr - ₹9 L/yr 164% more	1 job opening

Business Development Officer salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹3 Lakhs per year for employees with experience between 2 years to 3 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 Visakhapatnam

Last Updated: 9 Aug 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.6 L/yr
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3 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 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 0 - 7 years exp.

15% hike

Sales Manager 0 - 12 years exp.

90% hike

From

4 more levels

Business Development Officer

1 - 7 years exp.

Regional Asset Manager

15 - 17 years exp.

View 1 more career path

Similar Designation salaries in Kotak Mahindra Bank

Team Lead Salary

(5 salaries)

₹2 L/yr - ₹5 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

4.0

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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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindra Bank Business Development Officer Salary FAQs

What is the notice period for Business Development Officer at Kotak Mahindra Bank in Visakhapatnam?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Business Development Officers in Visakhapatnam reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Business Development Officer Salaries in Visakhapatnam

Kotak Mahindra Bank Business Development Officer salary in Visakhapatnam ranges between ₹1.8 Lakh to ₹3 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.