Mahindra Finance Business Development Associate Salaries by 5 Employees (Updated 2025)

3 - 7 years exp.

₹2.1 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

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51% less than the average Business Development Associate Salary in NBFC Companies for 3 - 7 years of experience

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Salaries in different departments

Finance & Accounting Business Development Associate Salary 6 - 7 years exp. (AmbitionBox Estimate)	Unlock ₹3.2 L/yr - ₹3.9 L/yr
BFSI, Investments & Trading Business Development Associate Salary 5 years exp. (AmbitionBox Estimate)	Unlock ₹1.9 L/yr - ₹2.3 L/yr
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Sales & Business Development Business Development Associate Salary 3 years exp. (AmbitionBox Estimate)	Unlock ₹2.7 L/yr - ₹3.2 L/yr

Last Updated: 29 Aug 2024

Companies similar to Mahindra Finance for Business Development Associate

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Business Development Associate Salary 1 - 4 years exp. (4 salaries)	Unlock ₹2.4 L/yr - ₹2.8 L/yr 9% less
HDFC Bank Business Development Associate Salary 2 - 3 years exp. (3 salaries)	Unlock ₹2 L/yr - ₹3.5 L/yr 24% more
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Shriram Finance Business Development Associate Salary 0 - 2 years exp. (3 salaries)	Unlock ₹2 L/yr - ₹2.8 L/yr 5% less
Muthoot Finance Business Development Associate Salary 0 - 7 years exp. (5 salaries)	Unlock ₹2 L/yr - ₹5 L/yr 26% more
Edelweiss Business Development Associate Salary 3 - 6 years exp. (3 salaries)	Unlock ₹5.1 L/yr - ₹7.2 L/yr 109% more
Sundaram Finance Business Development Associate Salary 0 - 3 years exp. (10 salaries)	Unlock ₹2.4 L/yr - ₹3.2 L/yr 1% less
IIFL Finance Business Development Associate Salary 0 - 5 years exp. (4 salaries)	Unlock ₹2 L/yr - ₹5.5 L/yr 18% more
Muthoot Fincorp Business Development Associate Salary 0 - 4 years exp. (3 salaries)	Unlock ₹1.5 L/yr - ₹4 L/yr 3% more

Business Development Associate salary at Mahindra Finance ranges between ₹2.1 Lakhs to ₹3.5 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Business Development Associate salaries

Last Updated: 29 Aug 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	Unlock ₹0.9 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹2.2 L/yr - ₹2.9 L/yr
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5 years (AmbitionBox Estimate)	Unlock ₹2.1 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹1.2 L/yr - ₹3.5 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹1.3 L/yr - ₹3.5 L/yr

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Salary related reviews for Mahindra Finance

3.5

Rated by 2 employees for salary & benefits

Relationship Manager in Chandigarh

Full Time

Sales & Business Development Department

1.0

• posted on 31 Jul 2020

1.0

for Salary and Benefits

Likes

Nothing that i like about this company. They have deducted huge part of the salary (Fixed + Variable) of the employees. They have rather ditched us during the COVID 19 lockdown by deducting such a huge amount from our packages. Facing economic difficulties now due to this problem. No one is there to address to our grievances.

Dislikes

...ed targets, Last years appraisals not done with an excuse of COVID 19 impact. Huge salary cuts from existing package which has taken us 4-5 years back in terms of or career path. Blocked huge amount of salary till March 2021 so that nobody can leave the company. Career growth here is horrible.The one with good references internally can grow within the system. Lot of politics going on around the work place. Employee opinion on innovation and work related ideas is least considered. Travel expenses,Telephone expenses,Petrol/diesel expenses are stopped. Employees paying from their own pocket.

Salary - Bad

+6 more

Business Executive in Koderma

Other Department

3.0

• posted on 07 May 2022

4.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive, company policies are good.Overall good experience.

Salary - Good

+3 more

Dislikes

There is a lot of policies and the management does not address our issues. Salary is decent but career growth is slow.

Company culture - Poor

Business Executive in Visakhapatnam

Lmv - car loans department Department

4.0

• posted on 16 Mar 2022

4.0

for Salary and Benefits

Likes

Good experience with Mahindra finance every one shoud face it ...good increments for every year

Salary - Good

+5 more

Dislikes

Such good place to work good competition between BE to BE and in time salary deposits ...such a nice company

Sales Executive in Derabassi

Finance & Accounting Department

5.0

• posted on 19 Feb 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.Teammates ase suppotive and the management is transparent. Company policies are good , appraisal are fair.

Salary - Excellent

+5 more

Dislikes

Salary is decent but career growth is slow. On the job training is not given to new joinees.

Business Development Executive in Nagaon

Research & Development Department

3.0

• posted on 22 Oct 2021

2.0

for Salary and Benefits

Likes

Work environment is good, Teammates are also good and management is average.company appraisal was not good.Company leave policies are good.

Skill development - Good

Dislikes

There is a lot of issues and the management doesn't address our issue and growth. Salary is decent type but career growth is too much slow..On the job training also was not given to new joinees...just show off...

Salary - Poor

+1 more

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an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Mahindra Finance Business Development Associate Salary FAQs

What is the salary of Business Development Associate at Mahindra Finance?

Business Development Associate salary at Mahindra Finance in India ranges between ₹2.1 Lakhs to ₹3.5 Lakhs for experience between 3 years to 7 years. According to our estimates it is 51% less than the average Business Development Associate Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Finance India.

How does the salary of a Business Development Associate at Mahindra Finance India compare with the average salary range for this job?

The average salary of a Business Development Associate at Mahindra Finance is 51% less than the average salary of a Business Development Associate in India. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Finance to a Business Development Associate in India?

Edelweiss Business Development Associate Salary - ₹5.1 Lakhs to ₹7.2 Lakhs per year
Muthoot Finance Business Development Associate Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
HDFC Bank Business Development Associate Salary - ₹2.0 Lakhs to ₹3.5 Lakhs per year
IIFL Finance Business Development Associate Salary - ₹2.0 Lakhs to ₹5.5 Lakhs per year
Muthoot Fincorp Business Development Associate Salary - ₹1.5 Lakhs to ₹4.0 Lakhs per year

What is the salary of a Business Development Associate in companies similar to Mahindra Finance in India?

Sundaram Finance Business Development Associate Salary - ₹2.4 Lakhs to ₹3.2 Lakhs per year
Shriram Finance Business Development Associate Salary - ₹2.0 Lakhs to ₹2.8 Lakhs per year
Bajaj Finance Business Development Associate Salary - ₹2.4 Lakhs to ₹2.8 Lakhs per year

What is the estimated take home salary of a Business Development Associate at Mahindra Finance in India?

The estimated take-home salary of a Business Development Associate at Mahindra Finance ranges between ₹19,566 per month to ₹21,235 per month in India. The take-home salary calculation is based on the average Mahindra Finance Business Development Associate salary in India which ranges between ₹2.1 Lakhs to ₹3.5 Lakhs per year for employees with experience between 3 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Business Development Associate at Mahindra Finance?

According to AmbitionBox, 40% of the Mahindra Finance Business Development Associates reported a notice period of 1 Month, 40% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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Mahindra Finance Business Development Associate Salaries

Mahindra Finance Business Development Associate salary in India ranges between ₹2.1 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mahindra Finance latest salaries received from various employees of Mahindra Finance.