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Magneto IT Solutions Business Development Manager salaries in India (Updated 2025)

Annual salary range
5 - 11 years exp.
₹8 Lakhs - ₹9 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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10% more than the average Business Development Manager Salary in IT Services & Consulting Companies for 5 - 11 years of experience

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Salaries in different departments

Sales & Business Development
Business Development Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹8 L/yr - ₹9 L/yr

Construction & Site Engineering
Business Development Manager Salary
10 - 11 years exp. (AmbitionBox Estimate)
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₹7.3 L/yr - ₹8.9 L/yr

Last Updated: 3 Feb 2025

Companies similar to Magneto IT Solutions for Business Development Manager

Company name Avg Annual Salary Open Jobs
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Hostment Business Development Manager Salary

4 - 8 years exp. (7 salaries)

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₹6.6 L/yr - ₹11.5 L/yr

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₹11 L/yr - ₹15 L/yr

arrow icon 45% more
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₹12 L/yr - ₹15 L/yr

arrow icon 58% more
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Andovar Business Development Manager Salary

9 - 13 years exp. (3 salaries)

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₹6.1 L/yr - ₹13.3 L/yr

arrow icon 16% more
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BYJU'S Business Development Manager Salary

1 - 8 years exp. (3.9k salaries)

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₹6 L/yr - ₹16.5 L/yr

arrow icon 20% more
Business Development Manager salary at Magneto IT Solutions ranges between ₹8 Lakhs to ₹9 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Magneto IT Solutions.

Latest annual salaries shared by Magneto IT Solutions Business Development Manager

3d ago
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11 years exp.
2w ago
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6 years exp.
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10 years exp.
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5 years exp.

Experience wise Magneto IT Solutions Business Development Manager salaries

Last Updated: 3 Feb 2025

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹7.6 L/yr - ₹9.8 L/yr
6 years (AmbitionBox Estimate)

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₹7.6 L/yr - ₹9.7 L/yr
7 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹9.6 L/yr
8 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹9.6 L/yr
9 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.5 L/yr
View all

Similar Designation salaries in Magneto IT Solutions

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₹2.4 L/yr - ₹4.2 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹10.8 L/yr - ₹13.8 L/yr

Top skills at Magneto IT Solutions for Business Development Manager

IT Sales IT Marketing bde

Salary related reviews for Magneto IT Solutions

5.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Engineering - Software & QA Department

1.0
  •  posted on 13 Oct 2023

1.0
 for  Salary and Benefits

Likes

There is nothing to like here.

Dislikes

If you are fresher just don't join here. They pay less no job security at all. Their HR takes WFH whenever she needs but denies WFH to people in need. They don't even a proper internet connection. Look for something else instead of this company.

read more
  • Salary - Bad
  • +6 more

Engineering - Software & QA Department

1.0
  •  posted on 20 Dec 2021

1.0
 for  Salary and Benefits

Likes

Salary on time. Final option for fresher but avoid if possible

Dislikes

Unprofessional management. Low salary. No benefits. Very long working hours. Sometimes working on weekend also. No job security, they will fire you because manager don't like you even if your performance is good

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Engineering - Hardware & Networks Department

1.0
  •  posted on 06 Mar 2024

2.0
 for  Salary and Benefits

Likes

You can learn some basic things, nothing else.

Dislikes

...operative, you can't trust anyone. A lot of politics happens on the floor. The Management is always behind cutting the salary of employees. Salary is not justified with the work. Regarding the policy they actually have employer centric p If you want appraisal you have to sign a bond again, and this policy they will only disclose at the time of your appraisal. So I think you are getting how they trap people 😅 So if you want to sacrifice your mental peace, family life, and health. Please join this company your wish will be definitely full filled.

read more
  • Salary - Poor
  • +5 more

Full Time

 · 

Marketing & Communication Department

5.0
  •  posted on 19 Apr 2024

5.0
 for  Salary and Benefits

Likes

Working with such excellent company has been an unforgeable experience. There were helpful co-workers who helped me while I was having trouble. Working with amazing team was another wonderful experience.

read more
  • Salary - Excellent
  • +6 more

Dislikes

I haven't had any problem as I mentioned I worked with great team

Full Time

 · 

Human Resources Department

4.0
  •  posted on 06 Mar 2025

4.0
 for  Salary and Benefits

Likes

I have been working with this company for the last 2 Years as an IT Technical Recruiter. It has been a good work culture and a supportive team. Regarding skills development, I have learned a lot from the company.

read more
  • Salary - Good
  • +6 more

Dislikes

No as of now

see more salary related reviews

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Magneto IT Solutions Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Magneto IT Solutions ?
The average salary of a Business Development Manager at Magneto IT Solutions in India typically ranges from ₹8.0 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 5 years to 11 years).

The top 10% of Business Development Manager at Magneto IT Solutions earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Business Development Manager Salaries at Magneto IT Solutions 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 Magneto IT Solutions employees in India.
What is the estimated take home salary of a Business Development Manager at Magneto IT Solutions in India?
The estimated take-home salary of a Business Development Manager at Magneto IT Solutions in India typically ranges from ₹61,094 to ₹62,642 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 5 years to 11 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 Magneto IT Solutions. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Business Development Manager at Magneto IT Solutions ?
To be a Business Development Manager at Magneto IT Solutions in india, the key skills required include:

  • - IT Sales
  • - IT Marketing
  • - bde

These skills are highly valued at Magneto IT Solutions and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Magneto IT Solutions for Business Development Manager in India?
Vensai Technologies ₹12.0 Lakhs to ₹15.0 Lakhs per year
Symtrax Software ₹11.0 Lakhs to ₹15.0 Lakhs per year
BYJU'S ₹6.0 Lakhs to ₹16.5 Lakhs per year
Andovar ₹6.1 Lakhs to ₹13.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Magneto IT Solutions, depending on the role and experience level.
What is the salary of a Business Development Manager in companies similar to Magneto IT Solutions in India?
The salary of a Business Development Manager at companies similar to Magneto IT Solutions in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Hostment ₹6.6 Lakhs to ₹11.5 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 Magneto IT Solutions in India?
The salary growth for a Business Development Manager at Magneto IT Solutions depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Magneto IT Solutions:

Experience Average Salary Range
5 years ₹7.6 Lakhs to ₹9.8 Lakhs per year
6 years ₹7.6 Lakhs to ₹9.7 Lakhs per year
7 years ₹7.5 Lakhs to ₹9.6 Lakhs per year
8 years ₹7.5 Lakhs to ₹9.6 Lakhs per year
and so on.

Tell us how to improve this page.

Magneto IT Solutions Business Development Manager salary in India ranges between ₹8 Lakhs to ₹9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Magneto IT Solutions latest salaries received from various employees of Magneto IT Solutions.