Margadarsi Chit Fund Business Development Manager Salaries by 5 Employees (Updated 2025)

15 - 22 years exp.

₹3 Lakhs - ₹3.1 Lakhs

Low Confidence

Salary of majority employees

59% less than the average Business Development Manager Salary in Financial Services Companies for 15 - 22 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Manager Salary 15 - 19 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.4 L/yr
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Sales & Business Development Business Development Manager Salary 21 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 21 Oct 2023

Companies similar to Margadarsi Chit Fund for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
SBI Cards & Payment Services Business Development Manager Salary 2 - 6 years exp. (55 salaries)	₹1.5 L/yr - ₹5.4 L/yr 13% less
Nirmal Bang Business Development Manager Salary 0 - 13 years exp. (18 salaries)	₹2.4 L/yr - ₹7 L/yr 43% more
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National Stock Exchange of India Business Development Manager Salary 4 - 10 years exp. (15 salaries)	₹9 L/yr - ₹20.7 L/yr 414% more
Bonanza Portfolio Business Development Manager Salary 0 - 6 years exp. (9 salaries)	₹3.1 L/yr - ₹5.4 L/yr 42% more
Pine Labs Business Development Manager Salary 2 - 6 years exp. (8 salaries)	₹4.5 L/yr - ₹13 L/yr 197% more
Franklin Templeton Investments Business Development Manager Salary 4 - 9 years exp. (6 salaries)	₹5.7 L/yr - ₹18 L/yr 248% more
ICICI Home Finance Business Development Manager Salary 4 - 7 years exp. (6 salaries)	₹10 L/yr - ₹18.9 L/yr 363% more
Axis Direct Business Development Manager Salary 1 - 12 years exp. (6 salaries)	₹5 L/yr - ₹9.8 L/yr 121% more
Anand Rathi: Online Stock Trading & Advisory Business Development Manager Salary 4 - 12 years exp. (5 salaries)	₹2.7 L/yr - ₹5 L/yr 30% more
Kotak Securities Business Development Manager Salary 2 - 6 years exp. (4 salaries)	₹3.1 L/yr - ₹5.2 L/yr 48% more
SBI Mutual Fund Business Development Manager Salary 2 - 9 years exp. (4 salaries)	₹1.2 L/yr - ₹4.1 L/yr 30% less
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Mashreq Global Services Business Development Manager Salary 5 - 14 years exp. (4 salaries)	₹9 L/yr - ₹25 L/yr 457% more
Shriram Chits Business Development Manager Salary 0 - 4 years exp. (3 salaries)	₹1.7 L/yr - ₹2.4 L/yr 37% less
Sub-K IMPACT Solutions Business Development Manager Salary 0 - 3 years exp. (3 salaries)	₹6.6 L/yr - ₹8 L/yr 136% more

Business Development Manager salary at Margadarsi Chit Fund ranges between ₹3 Lakhs to ₹3.1 Lakhs per year for employees with experience between 15 years to 22 years. Salary estimates are based on 5 latest salaries received from various employees of Margadarsi Chit Fund.

Experience wise Margadarsi Chit Fund Business Development Manager salaries

Last Updated: 21 Oct 2023

Experience	Avg Annual Salary
15+ years (5 salaries)	₹3 L/yr - ₹3.1 L/yr
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Similar Designation salaries in Margadarsi Chit Fund

Business Development Executive Salary

(3 salaries)

₹2.4 L/yr - ₹4.32 L/yr

Deputy Manager Salary

(3 salaries)

₹3.35 L/yr - ₹4 L/yr

Branch Manager Salary

(3 salaries)

₹4 L/yr - ₹6.5 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Sales Manager Salary

(AmbitionBox Estimate)

₹0.5 L/yr - ₹0.6 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹1.9 L/yr - ₹2.4 L/yr

Sales Officer Salary

(5 salaries)

₹1.6 L/yr - ₹6 L/yr

Salary related reviews for Margadarsi Chit Fund

3.0

Rated by 1 employees for salary & benefits

Office Assistant in Manipal Centre M G ROAD

Full Time

Other Department

3.0

• posted on 03 Nov 2022

2.0

for Salary and Benefits

Likes

Supports by the managers and staffs.there r lot off benifits lyk gratuity, incentives, allowenses etc .overall good.

Dislikes

... working place were we used to sit every single minutes not maintained properly.and the salary is quite less

Office Assistant in Hyderabad / Secunderabad

Other Department

4.0

• posted on 30 Jun 2022

2.0

for Salary and Benefits

Likes

For the employees of this company ca get lunch for Rs.25/- at Canteen. In this canteen the food will be in healthy.

Dislikes

...o training session and also waste of thinking about career growth and appraisal. But I like one thing in this company that, we can get salary in time.

Office Assistant For Legal Department in Bangalore / Bengaluru

Human Resources Department

4.0

• posted on 23 Oct 2019

4.0

for Salary and Benefits

Likes

I'm working here from past 3yrs , got a promotion also, but there no proper hikes in salaries, it's very disappointed me🤣 , work environment is good People can work those dnt have any expectation

Dislikes

Salary hike

SOA(Sr Office Assistant) in Hyderabad / Secunderabad

Other Department

3.0

• posted on 29 Oct 2018

1.0

for Salary and Benefits

Likes

...angana, not gives promotion to Telangana employees who are working in their org. No salary increments also to Telangana employees compare to Andhra employees . Caste feeling also.

Dislikes

No increments ...

Senior Executive in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 17 Jul 2023

2.0

for Salary and Benefits

Likes

Company and chairman also good actually నేను ఇక్కడ వచ్చిన తరువాతే పెళ్లి చేసుకున్న ఇద్దరు పిల్లలు పుట్టారు ఇప్పుడ లోన్ తీసుకుని ఇల్లు కూడా కట్టుకుంటున్న, ఇలాంటి చిన్న జీతాలతో సర్డుకుపోతు ఎదగటం చాలా నేర్చకున్నాను ఇందుకు నేను కృతజ్ఞతలు తెలుపుతున్నాను

Dislikes

Company and Brand also very good but ఒక్కటి మాత్రం చాలా బాధనిపిస్తుంది ఇక్కడ క్యాస్ట్ చాలా ఇంపర్టెంట్ ఇస్తారు కష్టపడే వాడు ఎదగటం లేదు అది మన ఎండీ గారు గుర్తించాలి ఇది కూడా మీరు గుర్తిస్తే చాలా మంది ఆనందిస్తారు ఏళ్లతరబడి జీతాలు కానీ ప్రమోషన్ కానీ రావటం లేదు but నిత్యావసరాల ధరలు మాత్రం పెరిగిపోతున్నాయి , సాలరీ మీద డిపెండ్ అయ్యే వాడికి మాత్రమే తెలుస్తాయి సిటీ లో కర్చులు

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Margadarsi Chit Fund Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Margadarsi Chit Fund?

Business Development Manager salary at Margadarsi Chit Fund in India ranges between ₹3.0 Lakhs to ₹3.1 Lakhs for experience between 15 years to 22 years. According to our estimates it is 59% less than the average Business Development Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Margadarsi Chit Fund India.

How does the salary of a Business Development Manager at Margadarsi Chit Fund India compare with the average salary range for this job?

The average salary of a Business Development Manager at Margadarsi Chit Fund is 59% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Margadarsi Chit Fund to a Business Development Manager in India?

Mashreq Global Services Business Development Manager Salary - ₹9.0 Lakhs to ₹25.0 Lakhs per year
National Stock Exchange of India Business Development Manager Salary - ₹9.0 Lakhs to ₹20.7 Lakhs per year
ICICI Home Finance Business Development Manager Salary - ₹10.0 Lakhs to ₹18.9 Lakhs per year
Franklin Templeton Investments Business Development Manager Salary - ₹5.7 Lakhs to ₹18.0 Lakhs per year
Pine Labs Business Development Manager Salary - ₹4.5 Lakhs to ₹13.0 Lakhs per year

What is the salary of a Business Development Manager in companies similar to Margadarsi Chit Fund in India?

Sub-K IMPACT Solutions Business Development Manager Salary - ₹6.6 Lakhs to ₹8.0 Lakhs per year
Axis Direct Business Development Manager Salary - ₹5.0 Lakhs to ₹9.8 Lakhs per year
Kotak Securities Business Development Manager Salary - ₹3.1 Lakhs to ₹5.2 Lakhs per year
Nirmal Bang Business Development Manager Salary - ₹2.4 Lakhs to ₹7.0 Lakhs per year
Bonanza Portfolio Business Development Manager Salary - ₹3.1 Lakhs to ₹5.4 Lakhs per year

What is the estimated take home salary of a Business Development Manager at Margadarsi Chit Fund in India?

The estimated take-home salary of a Business Development Manager at Margadarsi Chit Fund ranges between ₹21,929 per month to ₹23,413 per month in India. The take-home salary calculation is based on the average Margadarsi Chit Fund Business Development Manager salary in India which ranges between ₹3.0 Lakhs to ₹3.1 Lakhs per year for employees with experience between 15 years to 22 years. Check how did we calculate take home salary?

What is the notice period for Business Development Manager at Margadarsi Chit Fund?

According to AmbitionBox, 100% of the Margadarsi Chit Fund Business Development Managers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Margadarsi Chit Fund Business Development Manager Salaries

Margadarsi Chit Fund Business Development Manager salary in India ranges between ₹3 Lakhs to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Margadarsi Chit Fund latest salaries received from various employees of Margadarsi Chit Fund.