Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary26% less than the average Business Development Manager Salary in NBFC Companies for 2 - 8 years of experience
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Salaries in different departments
Sales & Business Development
Business Development Manager Salary
2 - 7
years
exp.
(9
salaries)
|  ₹2.3 L/yr - ₹6.7 L/yr |
Finance & Accounting
Business Development Manager Salary
2 - 8
years
exp.
(7
salaries)
| ₹2.7 L/yr - ₹5.9 L/yr |
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| |
BFSI, Investments & Trading
Business Development Manager Salary
2 - 4
years
exp.
(3
salaries)
| ₹2.3 L/yr - ₹5.8 L/yr |
Companies similar to Mahindra Finance for Business Development Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 SK Finance Limited Business Development Manager Salary
2 - 9 years exp. (70 salaries) | ₹2.6 L/yr - ₹6.8 L/yr 
31%
less | |
 IIFL Finance Business Development Manager Salary
0 - 10 years exp. (44 salaries) | ₹1.9 L/yr - ₹8 L/yr
19%
less | |
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| ||
 Ess Kay Fincorp Business Development Manager Salary
4 - 10 years exp. (40 salaries) | ₹2.5 L/yr - ₹5.5 L/yr
30%
less | |
 Muthoot Finance Business Development Manager Salary
4 - 10 years exp. (38 salaries) | ₹2.7 L/yr - ₹6.3 L/yr
21%
less | 2 job openings |
 Shriram Finance Business Development Manager Salary
0 - 9 years exp. (36 salaries) | ₹2 L/yr - ₹4.3 L/yr
50%
less | |
 Capri Global Capital Business Development Manager Salary
0 - 12 years exp. (19 salaries) | ₹2.5 L/yr - ₹5 L/yr
34%
less | |
 CreditAccess Grameen Business Development Manager Salary
2 - 11 years exp. (19 salaries) | ₹2.2 L/yr - ₹4.8 L/yr
41%
less | |
 HDB Financial Services Business Development Manager Salary
1 - 4 years exp. (15 salaries) | ₹1.8 L/yr - ₹4.1 L/yr
55%
less | |
 Sundaram Finance Business Development Manager Salary
4 - 10 years exp. (13 salaries) | ₹4.8 L/yr - ₹11 L/yr 
19%
more | |
 L&T Finance Business Development Manager Salary
2 - 5 years exp. (7 salaries) | ₹8.1 L/yr - ₹13.4 L/yr
63%
more | |
 Muthoot Fincorp Business Development Manager Salary
3 - 11 years exp. (7 salaries) | ₹2.5 L/yr - ₹6 L/yr
40%
less | |
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| ||
 LendingKart Business Development Manager Salary
2 - 6 years exp. (6 salaries) | ₹2.2 L/yr - ₹3.7 L/yr
43%
less | |
 Sammaan Capital Limited Business Development Manager Salary
3 - 6 years exp. (6 salaries) | ₹3 L/yr - ₹6.5 L/yr
30%
less | |
 Poonawalla Fincorp Business Development Manager Salary
3 - 16 years exp. (6 salaries) | ₹10 L/yr - ₹12 L/yr
91%
more | |
 PNB Housing Finance Business Development Manager Salary
1 - 6 years exp. (5 salaries) | ₹7 L/yr - ₹12 L/yr
57%
more | |
 TVS Credit Business Development Manager Salary
2 - 30 years exp. (4 salaries) | ₹6 L/yr - ₹15 L/yr
89%
more | |
 Aavas Financiers Business Development Manager Salary
2 - 13 years exp. (4 salaries) | ₹1.9 L/yr - ₹7 L/yr
20%
less | |
 Bajaj Finance Business Development Manager Salary
4 - 5 years exp. (4 salaries) | ₹2.5 L/yr - ₹4.8 L/yr
29%
less | |
 SMFG India Credit Business Development Manager Salary
0 - 10 years exp. (4 salaries) | ₹2.7 L/yr - ₹3.5 L/yr
46%
less | |
 Bharat Financial Inclusion Business Development Manager Salary
1 - 15 years exp. (3 salaries) | ₹1 L/yr - ₹7.2 L/yr
29%
less | |
Latest annual salaries shared by Mahindra Finance Business Development Manager
Experience wise Mahindra Finance Business Development Manager salaries
Last Updated: 27 Feb 2025
| Experience | Avg Annual Salary |
|---|---|
| 2 years (4 salaries) |
₹3.2
L/yr
- ₹8.5
L/yr
|
| 3 years (5 salaries) |
₹2.3
L/yr
- ₹9.5
L/yr
|
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| |
| 4 years (3 salaries) |
₹2.4
L/yr
- ₹9.8
L/yr
|
| 5 years (4 salaries) |
₹2.7
L/yr
- ₹10.1
L/yr
|
| 6 years (AmbitionBox Estimate) |
₹2.3
L/yr
- ₹10.4
L/yr
|
Similar Designation salaries in Mahindra Finance
Top skills at Mahindra Finance for Business Development Manager
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Mahindra Finance Business Development Manager Salary FAQs
The top 10% of Business Development Manager at Mahindra Finance earn more than ₹12.4 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Business Development Manager 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 20+ Mahindra Finance employees in India.
- - Relationship Management
- - Business Development
- - Leasing
- - Customer Acquisition
- - Team Management
These skills are highly valued at Mahindra Finance and are crucial for successful performance in a Software Engineering role.
| Poonawalla Fincorp | ₹10.0 Lakhs to ₹12.0 Lakhs per year |
| TVS Credit | ₹6.0 Lakhs to ₹15.0 Lakhs per year |
| Spandana Sphoorty Financial | ₹8.0 Lakhs to ₹10.0 Lakhs per year |
| L&T Finance | ₹8.1 Lakhs to ₹13.4 Lakhs per year |
| PNB Housing Finance | ₹7.0 Lakhs to ₹12.0 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.
| Sundaram Finance | ₹4.8 Lakhs to ₹11.0 Lakhs per year |
| IIFL Finance | ₹1.9 Lakhs to ₹8.0 Lakhs per year |
| Aavas Financiers | ₹1.9 Lakhs to ₹7.0 Lakhs per year |
| Muthoot Finance | ₹2.7 Lakhs to ₹6.3 Lakhs per year |
| Bajaj Finance | ₹2.5 Lakhs to ₹4.8 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.
| Experience | Average Salary Range |
|---|---|
| 2 years | ₹3.2 Lakhs to ₹8.5 Lakhs per year |
| 3 years | ₹2.3 Lakhs to ₹9.5 Lakhs per year |
| 4 years | ₹2.4 Lakhs to ₹9.8 Lakhs per year |
| 5 years | ₹2.7 Lakhs to ₹10.1 Lakhs per year |
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Mahindra Finance Business Development Manager Salaries by Location
- Mahindra Finance Business Development Manager salaries in Mumbai
- Mahindra Finance Business Development Manager salaries in Patna
- Mahindra Finance Business Development Manager salaries in Balasore
- Mahindra Finance Business Development Manager salaries in Bangalore / Bengaluru
- Mahindra Finance Business Development Manager salaries in Guwahati
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Mahindra Finance Business Development Manager salary
in
India
ranges between ₹2.3
Lakhs to ₹10.2
Lakhs with an average annual salary of
₹. Salary estimates are based on
21
Mahindra Finance latest salaries received from various employees of
Mahindra Finance.