Mahindra Finance Business Development Officer Salaries by 4 Employees

0 - 4 years exp.

₹2.5 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

24% less than the average Business Development Officer Salary in NBFC Companies for 0 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Officer Salary 4 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr
Data Science & Analytics Business Development Officer Salary 1 year exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
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Finance & Accounting Business Development Officer Salary 2 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
Sales & Business Development Business Development Officer Salary Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 18 Mar 2024

Companies similar to Mahindra Finance for Business Development Officer

Company name	Avg Annual Salary	Open Jobs
Muthoot Finance Business Development Officer Salary 0 - 8 years exp. (74 salaries)	₹1.6 L/yr - ₹4 L/yr 12% less
CreditAccess Grameen Business Development Officer Salary 0 - 6 years exp. (27 salaries)	₹1.3 L/yr - ₹2.9 L/yr 26% less
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Muthoot Fincorp Business Development Officer Salary 0 - 4 years exp. (24 salaries)	₹1.8 L/yr - ₹3 L/yr 8% less	8 job openings
HDB Financial Services Business Development Officer Salary 0 - 2 years exp. (12 salaries)	₹1.8 L/yr - ₹3.7 L/yr 17% less
Sundaram Finance Business Development Officer Salary 2 - 6 years exp. (6 salaries)	₹3 L/yr - ₹4.8 L/yr 34% more
IIFL Finance Business Development Officer Salary 1 - 2 years exp. (4 salaries)	₹2.7 L/yr - ₹4 L/yr 2% more
Kotak Mahindra Prime Business Development Officer Salary 0 - 2 years exp. (4 salaries)	₹2 L/yr - ₹2.7 L/yr 17% less
Aavas Financiers Business Development Officer Salary 3 - 9 years exp. (4 salaries)	₹2.4 L/yr - ₹3.8 L/yr 22% more
Bajaj Finance Business Development Officer Salary 0 - 7 years exp. (4 salaries)	₹1.2 L/yr - ₹3.5 L/yr 16% less
Shriram Finance Business Development Officer Salary 3 - 5 years exp. (3 salaries)	₹2 L/yr - ₹2.4 L/yr 21% less

Business Development Officer salary at Mahindra Finance ranges between ₹2.5 Lakhs to ₹3 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Experience wise Mahindra Finance Business Development Officer salaries

Last Updated: 18 Mar 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
1 year (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
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2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr

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Top skills at Mahindra Finance for Business Development Officer

Sales Executive Activities Personal Loans Business Development Auto Loans

Salary related reviews for Mahindra Finance

5.0

Rated by 1 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

Area Business Manager in Hyderabad / Secunderabad

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 27 Dec 2024

5.0

for Salary and Benefits

Likes

We get salary timely without any delay. This is the only good thing about this company.

Salary - Excellent

+5 more

Dislikes

No hybrid work culture, no work life balance (depends on your manager), as per policy only 3rd Saturday off but that too company can withdraw it at any moment. Incentive policies are critical to achieve RBMIs. Every month is March closing. Every month last Sunday is normal working day.

Area Business Manager in Kanpur

Full Time

Finance & Accounting Department

2.0

• posted on 07 Oct 2024

2.0

for Salary and Benefits

Likes

Salary on time Culture

Promotions - Good

+1 more

Dislikes

Work Life Balance no time for family or personal Timing for morning and no timing for working at night Extra works on holiday or off day IT system related issues High demands with Lowest System support

Salary - Poor

+2 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 29 Oct 2024

5.0

for Salary and Benefits

Likes

...nt is preety good here. Ambience, work desk , cafeteria everything is top notch. Even the salary gets credited 2-3 days before the month ends.

Salary - Excellent

+6 more

Dislikes

So far no issues.

Area Business Manager in Lucknow

Full Time

Sales & Business Development Department

3.0

• posted on 27 Jan 2024

4.0

for Salary and Benefits

Likes

Job security Not much of work load Salary and incentives are good

Salary - Good

+1 more

Dislikes

Lots of work pressure Unrealistic targets and undue pressure to achieve Partiality to get growth Partiality from top management for growth in position Uneducated and incapable top management are placed and they put undue pressure to down the line staff Top management puts entire workload on Staff even daily reports are to be prepared by someone in team

Skill development - Poor

+3 more

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Mahindra Finance Business Development Officer Salary FAQs

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

The average salary of a Business Development Officer at Mahindra Finance in India typically ranges from ₹2.5 Lakhs to ₹3.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Business Development Officer at Mahindra Finance earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Business Development Officer 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 4 Mahindra Finance employees in India.

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

The estimated take-home salary of a Business Development Officer at Mahindra Finance in India typically ranges from ₹20,106 to ₹21,768 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from Fresher to 4 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 Mahindra Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Business Development Officer at Mahindra Finance ?

To be a Business Development Officer at Mahindra Finance in india, the key skills required include:

- Sales Executive Activities
- Personal Loans
- Business Development
- Auto Loans

These skills are highly valued at Mahindra Finance and are crucial for successful performance in a Software Engineering role.

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

Sundaram Finance	₹3.0 Lakhs to ₹4.8 Lakhs per year
Aavas Financiers	₹2.4 Lakhs to ₹3.8 Lakhs per year
IIFL Finance	₹2.7 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 Officer in companies similar to Mahindra Finance in India?

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

Muthoot Fincorp	₹1.8 Lakhs to ₹3.0 Lakhs per year
Muthoot Finance	₹1.6 Lakhs to ₹4.0 Lakhs per year
Bajaj Finance	₹1.2 Lakhs to ₹3.5 Lakhs per year
Kotak Mahindra Prime	₹2.0 Lakhs to ₹2.7 Lakhs per year
HDB Financial Services	₹1.8 Lakhs to ₹3.7 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 Officer at Mahindra Finance in India?

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

Experience	Average Salary Range
Fresher	₹2.6 Lakhs to ₹3.3 Lakhs per year
1 year	₹2.6 Lakhs to ₹3.3 Lakhs per year
2 years	₹2.5 Lakhs to ₹3.3 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year

and so on.

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Mahindra Finance Business Development Officer Salaries

Mahindra Finance Business Development Officer salary in India ranges between ₹2.5 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.