Mahindra Finance Business Development Associate Salaries by 5 Employees

3 - 7 years exp.

₹2.1 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

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)	₹3.2 L/yr - ₹3.9 L/yr
BFSI, Investments & Trading Business Development Associate Salary 5 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.3 L/yr
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Sales & Business Development Business Development Associate Salary 3 years exp. (AmbitionBox Estimate)	₹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
Sundaram Finance Business Development Associate Salary 0 - 3 years exp. (10 salaries)	₹2.4 L/yr - ₹3.2 L/yr 1% less
HDB Financial Services Business Development Associate Salary 0 - 4 years exp. (7 salaries)	₹2.5 L/yr - ₹3 L/yr 5% less
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Muthoot Finance Business Development Associate Salary 0 - 7 years exp. (5 salaries)	₹2.6 L/yr - ₹5 L/yr 52% more
IIFL Finance Business Development Associate Salary 0 - 5 years exp. (4 salaries)	₹2 L/yr - ₹5.5 L/yr 18% more
Bajaj Finance Business Development Associate Salary 1 - 4 years exp. (4 salaries)	₹2.4 L/yr - ₹2.8 L/yr 9% less
Muthoot Fincorp Business Development Associate Salary 0 - 5 years exp. (3 salaries)	₹1.5 L/yr - ₹4 L/yr 3% more
Shriram Finance Business Development Associate Salary 0 - 2 years exp. (3 salaries)	₹2 L/yr - ₹2.8 L/yr 5% less

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)	₹2 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.9 L/yr
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5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
7 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr

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Salary related reviews for Mahindra Finance

3.5

Rated by 2 employees for salary & benefits

Sales Executive in Salem

Full Time

Finance & Accounting Department

2.0

• posted on 02 Mar 2025

1.0

for Salary and Benefits

Likes

Can learn everything thing

Skill development - Good

Dislikes

They will never promote genuine employee never give a pay rise no bonus no grade change like a slave You can work there for 5+ years with the same salary even your managers will not support you for promotions and salary hike

Salary - Bad

+4 more

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.

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Mahindra Finance Business Development Associate Salary FAQs

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

The average salary of a Business Development Associate at Mahindra Finance in India typically ranges from ₹2.1 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Business Development Associate at Mahindra Finance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Business Development Associate Salaries at Mahindra 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 Mahindra Finance employees in India.

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 in India typically ranges from ₹19,566 to ₹21,235 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 3 years to 7 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 Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Finance for Business Development Associate in India?

Muthoot Finance	₹2.6 Lakhs to ₹5.0 Lakhs per year
IIFL Finance	₹2.0 Lakhs to ₹5.5 Lakhs per year
Muthoot Fincorp	₹1.5 Lakhs to ₹4.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Finance, depending on the role and experience level.

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

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

Sundaram Finance	₹2.4 Lakhs to ₹3.2 Lakhs per year
HDB Financial Services	₹2.5 Lakhs to ₹3.0 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹2.8 Lakhs per year
Bajaj Finance	₹2.4 Lakhs to ₹2.8 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 Associate at Mahindra Finance in India?

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

Experience	Average Salary Range
3 years	₹2.0 Lakhs to ₹2.6 Lakhs per year
4 years	₹2.2 Lakhs to ₹2.9 Lakhs per year
5 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
6 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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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.