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Muthoot Capital Services

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3.8

based on 240 Reviews

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Muthoot Capital Services Business Development Manager salaries in India (Updated 2025)

Annual salary range
0 - 12 years exp.
₹2.7 Lakhs - ₹4.3 Lakhs
Salary of majority employees
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Fixed (100%)
₹3.5 Lakhs
Variable (0%)
₹0.0
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54% less than the average Business Development Manager Salary in Financial Services Companies for 0 - 12 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Business Development Manager Salary
4 - 12 years exp. (7 salaries)
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₹3 L/yr - ₹4.3 L/yr

BFSI, Investments & Trading
Business Development Manager Salary
10 - 12 years exp. (AmbitionBox Estimate)
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₹3.3 L/yr - ₹3.6 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 8 Jan 2025

Companies similar to Muthoot Capital Services for Business Development Manager

Company name Avg Annual Salary Open Jobs
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Aditya Birla Capital Business Development Manager Salary

0 - 13 years exp. (83 salaries)
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₹3.4 L/yr - ₹7.5 L/yr

arrow icon 29% more
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Motilal Oswal Financial Services Business Development Manager Salary

1 - 8 years exp. (35 salaries)
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₹2.2 L/yr - ₹9 L/yr

arrow icon 47% more
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Edelweiss Business Development Manager Salary

1 - 13 years exp. (15 salaries)
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₹2.5 L/yr - ₹7.6 L/yr

arrow icon 2% more
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ICICI Securities Business Development Manager Salary

1 - 13 years exp. (12 salaries)
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₹3.5 L/yr - ₹8 L/yr

arrow icon 86% more
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Sharekhan Business Development Manager Salary

2 - 9 years exp. (6 salaries)
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₹6.1 L/yr - ₹11.8 L/yr

arrow icon 148% more
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Religare Business Development Manager Salary

2 - 4 years exp. (6 salaries)
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₹2.4 L/yr - ₹4.6 L/yr

arrow icon 26% more
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Alankit Business Development Manager Salary

3 - 14 years exp. (6 salaries)
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₹2 L/yr - ₹5.5 L/yr

At par
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Bajaj Finserv Business Development Manager Salary

1 - 7 years exp. (5 salaries)
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₹3 L/yr - ₹6.5 L/yr

arrow icon 14% more
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Bajaj Capital Business Development Manager Salary

2 - 12 years exp. (5 salaries)
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₹2.5 L/yr - ₹6.2 L/yr

arrow icon 42% more
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JPMorgan Chase & Co. Business Development Manager Salary

0 - 3 years exp. (5 salaries)
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₹23.1 L/yr - ₹58 L/yr

arrow icon 927% more
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Reliance Capital Business Development Manager Salary

0 - 5 years exp. (4 salaries)
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₹3.2 L/yr - ₹3.9 L/yr

arrow icon 4% more
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Geojit Financial Services Business Development Manager Salary

2 - 6 years exp. (4 salaries)
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₹4.7 L/yr - ₹7.4 L/yr

arrow icon 41% more
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JM Financial Business Development Manager Salary

1 - 13 years exp. (4 salaries)
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₹3.5 L/yr - ₹5 L/yr

arrow icon 16% more
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Nippon Life India Asset Management Business Development Manager Salary

3 - 15 years exp. (3 salaries)
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₹2 L/yr - ₹21 L/yr

arrow icon 246% more
 1 job opening
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Wells Fargo Business Development Manager Salary

11 - 14 years exp. (3 salaries)
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₹30 L/yr - ₹45 L/yr

arrow icon 954% more
Business Development Manager salary at Muthoot Capital Services ranges between ₹2.7 Lakhs to ₹4.3 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 14 latest salaries received from various employees of Muthoot Capital Services.

Latest annual salaries shared by Muthoot Capital Services Business Development Manager

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Experience wise Muthoot Capital Services Business Development Manager salaries

Last Updated: 8 Jan 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.2 L/yr - ₹5.9 L/yr
1 year (AmbitionBox Estimate)

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₹3 L/yr - ₹3.8 L/yr
2 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
3 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹6.1 L/yr
View all

Similar Designation salaries in Muthoot Capital Services

Business Development Executive Salary
(38 salaries)
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₹1.4 L/yr - ₹3.1 L/yr
Assistant Sales Manager Salary
(5 salaries)
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₹3.8 L/yr - ₹4.5 L/yr
Senior Business Development Executive Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹3 L/yr
Area Sales Manager Salary
(17 salaries)
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₹5 L/yr - ₹11 L/yr
Territory Sales Manager Salary
(AmbitionBox Estimate)
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₹3.3 L/yr - ₹4.3 L/yr
Deputy Manager Salary
(10 salaries)
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₹5.48 L/yr - ₹7.88 L/yr
Regional Manager Salary
(5 salaries)
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₹9.6 L/yr - ₹17.5 L/yr
Branch Manager Salary
(4 salaries)
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₹3 L/yr - ₹3.6 L/yr
Marketing Manager Salary
(AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.2 L/yr
Relationship Manager Salary
(7 salaries)
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₹2.98 L/yr - ₹5 L/yr

Salary related reviews for Muthoot Capital Services

2.6

Rated by 4 employees for salary & benefits

Business Development And Sales Executive in Vidisha

Full Time

 · 

Finance & Accounting Department

2.0
  •  posted on 31 Jan 2025
2.0
 for  Salary and Benefits

Likes

MCSL work policy are very best

  • Work satisfaction - Good

Dislikes

organization not promoted employees and salary not increase im working with MCSL last 1.5 year but organization not promoted me and not increase salary and i m best performer in madhya pradesh my overal average productivity almost 25+ in two wheeler vertical

read more
  • Salary - Poor
    • +3 more

Counter Sales Executive in Shivamogga

Full Time

 · 

Counter sales executive Department

1.0
  •  posted on 10 Dec 2022
1.0
 for  Salary and Benefits

Likes

Worst , there is no hike no bonus sorry they give bonus only 5700 3700 like this , no growth lot of cuttoffs in payslip they use employees like slave example they told make 15 sales we will give incentive after we achieve they told terms and conditions and not pay incentive if we asked y they told they didn't pay first emi they didn't pay 3rd emi they are not registered like that and without intimation they play a game on our payslip like they mention taken advance salary like that

read more
  • Job security - Good

Dislikes

Worst company Zero growth No appraisal No hike Fake incentive slabs It's not for hardworker it's only just who won't job this type of guy only join this company

read more
  • Salary - Bad
    • +4 more

Credit Officer in Hubli

Credit Operation Department

2.0
  •  posted on 31 Jan 2022
1.0
 for  Salary and Benefits

Likes

Office timings good but work related total haresh ment and senior toucher and new national head is terrible speaking and raude Sam to remove employees and saying if u nit resign i will terminate u and our senior manager also not supportive in karnataka team

read more

Dislikes

...ood growth before after the national head and ceo change company became totally worst now salary growth zero bonus zero totally they have been spoiled this company name and fame in less salary lots of cutt off in salary totaly worst company became now

read more
  • Salary - Bad
    • +5 more

Deputy Collections Manager in Nagapattinam

Collection Department

1.0
  •  posted on 25 Oct 2019
1.0
 for  Salary and Benefits

Likes

... have culture. I identify lord of integrity issue from collection agency side .No skill development and no learning I not have any compensation and benefits.no job security because of I resigned​ my job.no career growth many time my reporting Boss asking to me resign my job.

read more

Dislikes

No words

  • Salary - Bad
    • +6 more

Collection's in Ballari

Collection Department

3.0
  •  posted on 10 May 2018
3.0
 for  Salary and Benefits

Likes

Work free, anual appraisal doing branch network is good

  • Skill development - Good
    • +1 more

Dislikes

Not supported to employees, also less salary benefits, there is no customer services in regional Wise focusing only sales, there is no quality of customer's. Negative are funding,

read more
  • Promotions - Bad
    • +2 more
see more salary related reviews

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Muthoot Capital Services Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Muthoot Capital Services ?
The average salary of a Business Development Manager at Muthoot Capital Services in India typically ranges from ₹2.7 Lakhs to ₹4.3 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Business Development Manager at Muthoot Capital Services earn more than ₹4.3 Lakhs per year, and the top 1% earn over ₹4.3 Lakhs per year. Business Development Manager Salaries at Muthoot Capital Services 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 10+ Muthoot Capital Services employees in India.
What is the estimated take home salary of a Business Development Manager at Muthoot Capital Services in India?
The estimated take-home salary of a Business Development Manager at Muthoot Capital Services in India typically ranges from ₹25,350 to ₹26,783 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹4.3 Lakhs per year for employees with experience ranging from Fresher to 12 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 10+ salaries received from various employees of Muthoot Capital Services. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Muthoot Capital Services for Business Development Manager in India?
Wells Fargo ₹30.0 Lakhs to ₹45.0 Lakhs per year
JPMorgan Chase & Co. ₹23.1 Lakhs to ₹58.0 Lakhs per year
Nippon Life India Asset Management ₹2.0 Lakhs to ₹21.0 Lakhs per year
Sharekhan ₹6.1 Lakhs to ₹11.8 Lakhs per year
ICICI Securities ₹3.5 Lakhs to ₹8.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Muthoot Capital Services, depending on the role and experience level.
What is the salary of a Business Development Manager in companies similar to Muthoot Capital Services in India?
The salary of a Business Development Manager at companies similar to Muthoot Capital Services in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Motilal Oswal Financial Services ₹2.2 Lakhs to ₹9.0 Lakhs per year
Bajaj Capital ₹2.5 Lakhs to ₹6.2 Lakhs per year
Geojit Financial Services ₹4.7 Lakhs to ₹7.4 Lakhs per year
Aditya Birla Capital ₹3.4 Lakhs to ₹7.5 Lakhs per year
Religare ₹2.4 Lakhs to ₹4.6 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 Muthoot Capital Services in India?
The salary growth for a Business Development Manager at Muthoot Capital Services depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Muthoot Capital Services:

Experience Average Salary Range
Fresher ₹3.2 Lakhs to ₹5.9 Lakhs per year
1 year ₹3.0 Lakhs to ₹3.8 Lakhs per year
2 years ₹3.0 Lakhs to ₹3.9 Lakhs per year
3 years ₹3.0 Lakhs to ₹3.9 Lakhs per year
and so on.

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Muthoot Capital Services Business Development Manager Salaries by Location

Muthoot Capital Services Business Development Manager salary in India ranges between ₹2.7 Lakhs to ₹4.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 14 Muthoot Capital Services latest salaries received from various employees of Muthoot Capital Services.