LIC Housing Finance Business Development Manager Salaries by 5 Employees (Updated 2025)

4 - 15 years exp.

₹4.8 Lakhs - ₹12 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

32% more than the average Business Development Manager Salary in NBFC Companies for 4 - 15 years of experience

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Salaries in different departments

Finance & Accounting Business Development Manager Salary 4 - 15 years exp. (3 salaries)	₹4.8 L/yr - ₹12 L/yr
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BFSI, Investments & Trading Business Development Manager Salary 6 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

Last Updated: 19 Feb 2025

Companies similar to LIC Housing Finance for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
Ugro Capital Business Development Manager Salary 0 - 11 years exp. (113 salaries)	₹2.8 L/yr - ₹9 L/yr 46% less
MAS Financial Services Business Development Manager Salary 7 - 23 years exp. (26 salaries)	₹4.2 L/yr - ₹13 L/yr 17% less
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Sammaan Capital Limited Business Development Manager Salary 3 - 6 years exp. (6 salaries)	₹3 L/yr - ₹6.5 L/yr 61% less
Hero FinCorp Business Development Manager Salary 4 - 10 years exp. (5 salaries)	₹3.2 L/yr - ₹6.5 L/yr 50% less
PNB Housing Finance Business Development Manager Salary 1 - 6 years exp. (5 salaries)	₹7 L/yr - ₹12 L/yr 11% less
Home Credit Finance Business Development Manager Salary 3 - 7 years exp. (5 salaries)	₹1.5 L/yr - ₹2.2 L/yr 80% less
Electronica Finance Business Development Manager Salary 2 - 6 years exp. (5 salaries)	₹3.5 L/yr - ₹4.2 L/yr 64% less
Kogta Financial India Limited Business Development Manager Salary 5 - 10 years exp. (4 salaries)	₹4.4 L/yr - ₹5.9 L/yr 51% less
InCred Finance Business Development Manager Salary 0 - 5 years exp. (4 salaries)	₹3.1 L/yr - ₹6.8 L/yr 41% less
Hinduja Leyland Finance Business Development Manager Salary 3 - 6 years exp. (4 salaries)	₹2.2 L/yr - ₹2.3 L/yr 78% less
Shubham Housing Development Finance Business Development Manager Salary 2 - 3 years exp. (3 salaries)	₹3.1 L/yr - ₹3.5 L/yr 67% less
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Vistaar Finance Business Development Manager Salary 7 - 9 years exp. (3 salaries)	₹2.3 L/yr - ₹7.5 L/yr 54% less
IKF Finance Business Development Manager Salary 2 - 6 years exp. (3 salaries)	₹1.5 L/yr - ₹2.3 L/yr 80% less
Tyger Capital Business Development Manager Salary 4 - 7 years exp. (3 salaries)	₹3 L/yr - ₹15 L/yr 29% less

Business Development Manager salary at LIC Housing Finance ranges between ₹4.8 Lakhs to ₹12 Lakhs per year for employees with experience between 4 years to 15 years. Salary estimates are based on 5 latest salaries received from various employees of LIC Housing Finance.

Experience wise LIC Housing Finance Business Development Manager salaries

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹12.9 L/yr
5 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.9 L/yr
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6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹10 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹10 L/yr
8 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
9 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
10 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
11 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹12.5 L/yr
12 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹12 L/yr
13 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
14 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
15+ years (AmbitionBox Estimate)	₹12 L/yr - ₹12 L/yr

View all

Similar Designation salaries in LIC Housing Finance

Business Development Executive Salary

(6 salaries)

₹2.15 L/yr - ₹3.2 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹8.1 L/yr - ₹10.4 L/yr

Assistant Sales Manager Salary

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₹2.7 L/yr - ₹5 L/yr

Area Sales Manager Salary

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Territory Sales Manager Salary

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₹5.4 L/yr - ₹6.9 L/yr

Area Business Manager Salary

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₹11.3 L/yr - ₹14.4 L/yr

Deputy Manager Salary

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₹10 L/yr - ₹28 L/yr

Regional Manager Salary

(AmbitionBox Estimate)

₹17.6 L/yr - ₹22.4 L/yr

Store Manager Salary

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Salary related reviews for LIC Housing Finance

5.0

Rated by 1 employees for salary & benefits

Area Manager in Lucknow

Full Time

Sales & Business Development Department

2.0

• posted on 30 Oct 2023

4.0

for Salary and Benefits

Likes

Stable job Good Salary

Salary - Good

+1 more

Dislikes

No learning and new skill development Only run after chasing numbers No work life balance Everyone is doing everything, no specific career path Transfers every 3 years Places of postings may not be satisfactory

Skill development - Bad

+3 more

Accountant in Vijayawada

Full Time

Finance & Accounting Department

3.0

• posted on 28 Jul 2020

5.0

for Salary and Benefits

Likes

Secured job. Good work culture. Pressuring the employees every day. Not good company for chartered accountants. Compensation & benefits good. Covid lockdown time given work from home facility.

Salary - Excellent

+3 more

Dislikes

No proper execution regarding how to utilise employee knowledge resources

Direct Marketing Executive in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 22 Jun 2020

1.0

for Salary and Benefits

Likes

During covid 19 no one get salary or any compensation from LICHFL. No work no pay.

Dislikes

We think that LICHFL will help us to grow our future career, but we are wrong. All of we doing permanent job before joining LICHFL,now we think why should we leave that job.

Salary - Bad

+6 more

Area Manager- Housing Finance in Kolkata

Other Department

4.0

• posted on 30 Jun 2022

4.0

for Salary and Benefits

Likes

It is a company that provides good compensation for the work we do. However promotion structure at officer cadres are rigid and long office hours are the norm. Overall if one is willing to compromise a bit on work life balance , it is good company to work for.

Salary - Good

+2 more

Dislikes

Work-life balance - Poor

Senior Associate in Meerut

Credit Operation Department

3.0

• posted on 25 Sep 2021

5.0

for Salary and Benefits

Likes

Good salary. Secure job. Brand name.

Salary - Excellent

+1 more

Dislikes

Long working hours throughout year. unskilled and under qualified seniors. No training. No hr policies. they don't have hr wing except for head office. Biases like any other psu culture. Transfers are at mercy of management

Skill development - Poor

+4 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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LIC Housing Finance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at LIC Housing Finance ?

The average salary of a Business Development Manager at LIC Housing Finance in India typically ranges from ₹4.8 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 4 years to 15 years).

The top 10% of Business Development Manager at LIC Housing Finance earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Business Development Manager Salaries at LIC Housing Finance 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 5 LIC Housing Finance employees in India.

What is the estimated take home salary of a Business Development Manager at LIC Housing Finance in India?

The estimated take-home salary of a Business Development Manager at LIC Housing Finance in India typically ranges from ₹71,942 to ₹73,797 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 4 years to 15 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 5 salaries received from various employees of LIC Housing Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Business Development Manager in companies similar to LIC Housing Finance in India?

The salary of a Business Development Manager at companies similar to LIC Housing Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

PNB Housing Finance	₹7.0 Lakhs to ₹12.0 Lakhs per year
MAS Financial Services	₹4.2 Lakhs to ₹13.0 Lakhs per year
Tyger Capital	₹3.0 Lakhs to ₹15.0 Lakhs per year
InCred Finance	₹3.1 Lakhs to ₹6.8 Lakhs per year
Ugro Capital	₹2.8 Lakhs to ₹9.0 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 Manager at LIC Housing Finance in India?

The salary growth for a Business Development Manager at LIC Housing Finance depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at LIC Housing Finance:

Experience	Average Salary Range
4 years	₹4.8 Lakhs to ₹12.9 Lakhs per year
5 years	₹6.9 Lakhs to ₹8.9 Lakhs per year
6 years	₹3.3 Lakhs to ₹10.0 Lakhs per year
7 years	₹3.5 Lakhs to ₹10.0 Lakhs per year

and so on.

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LIC Housing Finance Business Development Manager Salaries

LIC Housing Finance Business Development Manager salary in India ranges between ₹4.8 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 LIC Housing Finance latest salaries received from various employees of LIC Housing Finance.