Margadarsi Chit Fund Business Development Manager Salaries by 5 Employees

15 - 22 years exp.

₹3 Lakhs - ₹3.1 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

60% 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 - 8 years exp. (61 salaries)	₹1.8 L/yr - ₹4.4 L/yr 9% less
National Stock Exchange of India Business Development Manager Salary 4 - 12 years exp. (20 salaries)	₹9 L/yr - ₹22 L/yr 443% more
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Nirmal Bang Business Development Manager Salary 0 - 13 years exp. (18 salaries)	₹2.4 L/yr - ₹7 L/yr 43% more
Axis Direct Business Development Manager Salary 1 - 12 years exp. (8 salaries)	₹4.9 L/yr - ₹9.8 L/yr 124% more
Pine Labs Business Development Manager Salary 2 - 6 years exp. (8 salaries)	₹4.5 L/yr - ₹13 L/yr 197% more
Bonanza Portfolio Business Development Manager Salary 3 - 6 years exp. (8 salaries)	₹3.1 L/yr - ₹5.4 L/yr 48% more
Anand Rathi: Online Stock Trading & Advisory Business Development Manager Salary 4 - 12 years exp. (7 salaries)	₹2.7 L/yr - ₹6.5 L/yr 41% 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 - 10 years exp. (5 salaries)	₹10 L/yr - ₹18.9 L/yr 342% more
Kotak Securities Business Development Manager Salary 2 - 6 years exp. (4 salaries)	₹3.1 L/yr - ₹5.2 L/yr 49% 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
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

(3 salaries)

₹2.1 L/yr - ₹2.2 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.

Job security - Excellent

Dislikes

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

Salary - Poor

+3 more

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.

Skill development - Good

+4 more

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.

Salary - Poor

+1 more

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

Salary - Good

+1 more

Dislikes

Salary hike

Promotions - Poor

+1 more

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.

Job security - Good

Dislikes

No increments ...

Salary - Bad

+2 more

Office Assistant in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

3.0

• posted on 16 Mar 2025

1.0

for Salary and Benefits

Likes

Colleagues here are very co operating

Job security - Good

+1 more

Dislikes

Mainly salaries are very lower compared to cost of living in city like hyderabad. Promotions here will come very lately As this company has 6 working days a week there is no work life balance also there are no leaves for important festivals. There is very less scope for skill development as here they only give one work, anyone can do that work there is no development of skill in it. Because of this work satisfaction automatically reduces

Salary - Bad

+4 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Margadarsi Chit Fund Business Development Manager Salary FAQs

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

The average salary of a Business Development Manager at Margadarsi Chit Fund in India typically ranges from ₹3.0 Lakhs to ₹3.1 Lakhs per year, depending on experience (from 15 years to 22 years).

The top 10% of Business Development Manager at Margadarsi Chit Fund earn more than ₹3.1 Lakhs per year, and the top 1% earn over ₹3.1 Lakhs per year. Business Development Manager Salaries at Margadarsi Chit Fund 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 Margadarsi Chit Fund employees in India.

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 in India typically ranges from ₹21,929 to ₹23,413 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹3.1 Lakhs per year for employees with experience ranging from 15 years to 22 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 Margadarsi Chit Fund. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Margadarsi Chit Fund for Business Development Manager in India?

Mashreq Global Services	₹9.0 Lakhs to ₹25.0 Lakhs per year
National Stock Exchange of India	₹9.0 Lakhs to ₹22.0 Lakhs per year
ICICI Home Finance	₹10.0 Lakhs to ₹18.9 Lakhs per year
Franklin Templeton Investments	₹5.7 Lakhs to ₹18.0 Lakhs per year
Pine Labs	₹4.5 Lakhs to ₹13.0 Lakhs per year

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

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

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

Sub-K IMPACT Solutions	₹6.6 Lakhs to ₹8.0 Lakhs per year
Axis Direct	₹4.9 Lakhs to ₹9.8 Lakhs per year
Kotak Securities	₹3.1 Lakhs to ₹5.2 Lakhs per year
Bonanza Portfolio	₹3.1 Lakhs to ₹5.4 Lakhs per year
Nirmal Bang	₹2.4 Lakhs to ₹7.0 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 Manager at Margadarsi Chit Fund in India?

The salary growth for a Business Development Manager at Margadarsi Chit Fund depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Margadarsi Chit Fund:

Experience	Average Salary Range
15 years	₹3.0 Lakhs to ₹3.1 Lakhs per year

and so on.

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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.