Marsh India Insurance Brokers Business Development Manager Salaries by 2 Employees

6 - 9 years exp.

₹10.4 Lakhs - ₹13.2 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 12 Mar 2023

Companies similar to Marsh India Insurance Brokers for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
IndiaFirst Life Insurance Business Development Manager Salary 0 - 10 years exp. (845 salaries)	₹1.5 L/yr - ₹6 L/yr 67% less	10 job openings
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Future Generali India Life Insurance Business Development Manager Salary 0 - 13 years exp. (30 salaries)	₹3.5 L/yr - ₹7 L/yr 56% less	1 job opening
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Smc Insurance Brokers Business Development Manager Salary 3 - 9 years exp. (7 salaries)	₹3 L/yr - ₹5.5 L/yr 59% less	1 job opening
Paramount Health Services Tpa Business Development Manager Salary 3 - 20 years exp. (7 salaries)	₹3.7 L/yr - ₹7 L/yr 56% less	1 job opening
Europ Assistance India Business Development Manager Salary 14 - 16 years exp. (6 salaries)	₹22.5 L/yr - ₹26 L/yr 107% more
Ageas Federal Life Insurance Business Development Manager Salary 2 - 9 years exp. (5 salaries)	₹3.5 L/yr - ₹5 L/yr 65% less
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CignaTTk Health Insurance Business Development Manager Salary 9 - 12 years exp. (4 salaries)	₹3.3 L/yr - ₹6.5 L/yr 67% less
Mahindra Insurance Brokers Business Development Manager Salary 5 - 6 years exp. (4 salaries)	₹3.6 L/yr - ₹4 L/yr 67% less
Pramerica Life Insurance Business Development Manager Salary 3 - 14 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 67% less
Medi Assist India Business Development Manager Salary 6 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹11.2 L/yr 36% less	2 job openings
Shriram General Insurance Business Development Manager Salary 1 - 8 years exp. (4 salaries)	₹2.4 L/yr - ₹5.5 L/yr 69% less
Liberty General Insurance Business Development Manager Salary 1 - 13 years exp. (3 salaries)	₹6 L/yr - ₹26 L/yr 15% more

Business Development Manager salary at Marsh India Insurance Brokers ranges between ₹10.4 Lakhs to ₹13.2 Lakhs per year for employees with experience between 6 years to 9 years. Salary estimates are based on 2 latest salaries received from various employees of Marsh India Insurance Brokers.

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Salary related reviews for Marsh India Insurance Brokers

Senior Executive Operations in Chennai

Full Time

Administration & Facilities Department

4.0

• posted on 23 Apr 2022

4.0

for Salary and Benefits

Likes

...bout work what we going to do but more than that we can't able to get knowledge. Marsh is for timely salary which mainly we need and yearly appraisal for either posting or increments, all credits goes to the Management. Nothing you will get delay after resignation also, HR management and operations manager may help you the best. Thanks for the best opportunities I had in Marsh through randstand.

Salary - Good

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Nothing to share about dislikes

Assistant Vice President in Gurgaon / Gurugram

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3.0

• posted on 25 Sep 2019

2.0

for Salary and Benefits

Likes

The salary compensation is made unnecessarily complex and vague. You will get 70% of what they commit. Retention will take 50% of your annual bonus, they pay you when they realise from the partners & the mechanism of recovery is poor.

Job security - Good

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Pay structure Work life balance

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Senior Manager in Mumbai

Full Time

Marketing & Communication Department

4.0

• posted on 18 Feb 2024

4.0

for Salary and Benefits

Likes

It's a nice place to work with a good company culture and balanced work-life.

Salary - Good

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Growth opportunities are limited in my role and people who are working in Sales or client relationship roles are preferred for promotions.

Process Leader in New Delhi

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Customer Success, Service & Operations Department

3.0

• posted on 14 Oct 2023

2.0

for Salary and Benefits

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Work life balance. Employee engagement. Flexible working hours. Great infrastructure,

Job security - Excellent

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Extreme politics at the higher level and disproportionate hierarchical structure, least opportunities for career growth and lesser growth percentage in monetary Benefits.

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Processing Manager in Pune

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BFSI, Investments & Trading Department

5.0

• posted on 19 Oct 2023

4.0

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Likes

Marsh is a leading broker, and provide good employee benefits, nice work culture, hybrid work style. Good Manegement.

Salary - Good

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Dislikes

I am working in Marsh last 5yr but the increment & pramotion not done as per my acceptance.

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1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Marsh India Insurance Brokers Business Development Manager Salary FAQs

How the salary growth look like for a Business Development Manager at Marsh India Insurance Brokers in India?

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

Experience	Average Salary Range
6 years	₹8.1 Lakhs to ₹10.3 Lakhs per year
9 years	₹12.6 Lakhs to ₹16.1 Lakhs per year

and so on.

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Marsh India Insurance Brokers Business Development Manager Salaries

Marsh India Insurance Brokers Business Development Manager salary in India ranges between ₹10.4 Lakhs to ₹13.2 Lakhs. This is an estimate based on latest salaries received from employees of Marsh India Insurance Brokers.

Marsh India Insurance Brokers Business Development Manager salaries in India

Companies similar to Marsh India Insurance Brokers for Business Development Manager

Similar Designation salaries in Marsh India Insurance Brokers

Salary related reviews for Marsh India Insurance Brokers

Senior Executive Operations in Chennai

Assistant Vice President in Gurgaon / Gurugram

Senior Manager in Mumbai

Process Leader in New Delhi

Processing Manager in Pune

Marsh India Insurance Brokers Business Development Manager Salary FAQs

Tell us how to improve this page.