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Mahindra Finance Business Development Associate salaries in India

Annual salary range
3 - 7 years exp.
₹2.1 Lakhs - ₹3.5 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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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)
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₹3.2 L/yr - ₹3.9 L/yr

BFSI, Investments & Trading
Business Development Associate Salary
5 years exp. (AmbitionBox Estimate)
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₹1.9 L/yr - ₹2.3 L/yr

Sales & Business Development
Business Development Associate Salary
3 years exp. (AmbitionBox Estimate)
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₹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
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₹2.4 L/yr - ₹3.2 L/yr

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₹2.5 L/yr - ₹3 L/yr

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₹2.6 L/yr - ₹5 L/yr

arrow icon 52% more
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₹2 L/yr - ₹5.5 L/yr

arrow icon 18% more
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₹2.4 L/yr - ₹2.8 L/yr

arrow icon 9% less
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₹1.5 L/yr - ₹4 L/yr

arrow icon 3% more
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₹2 L/yr - ₹2.8 L/yr

arrow icon 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.

Latest annual salaries shared by Mahindra Finance Business Development Associate

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7 years exp.
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Experience wise Mahindra Finance Business Development Associate salaries

Last Updated: 29 Aug 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.9 L/yr
5 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
6 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
7 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.8 L/yr

Similar Designation salaries in Mahindra Finance

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₹2.5 L/yr - ₹3 L/yr
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₹2.3 L/yr - ₹10.17 L/yr
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₹1.5 L/yr - ₹6.5 L/yr
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₹2.6 L/yr - ₹4.7 L/yr
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₹1.2 L/yr - ₹5 L/yr
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₹2.8 L/yr - ₹11.5 L/yr
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₹2.15 L/yr - ₹3.55 L/yr
Medical Representative Salary
(AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr
Sales Executive Salary
(232 salaries)
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₹1.3 L/yr - ₹4.8 L/yr
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₹2.55 L/yr - ₹4.8 L/yr

Salary related reviews for Mahindra Finance

3.5

Rated by 2 employees for salary & benefits

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

read more
  • Salary - Bad
  • +4 more

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.

read more

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.

read more
  • Salary - Bad
  • +6 more

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.

read more
  • Company culture - Poor

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

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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.

read more
  • 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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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.

Tell us how to improve this page.

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