Muthoot Capital Services Business Development Manager Salaries by 10+ Employees (Updated 2025)

0 - 12 years exp.

₹2.7 Lakhs - ₹4.3 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Monthly In-hand Salary

54% less than the average Business Development Manager Salary in Financial Services Companies for 0 - 12 years of experience

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Salaries in different departments

Sales & Business Development Business Development Manager Salary 4 - 12 years exp. (7 salaries)	₹3 L/yr - ₹4.3 L/yr
BFSI, Investments & Trading Business Development Manager Salary 10 - 12 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹3.6 L/yr
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Customer Success, Service & Operations Business Development Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹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
Aditya Birla Capital Business Development Manager Salary 0 - 13 years exp. (82 salaries)	₹3.4 L/yr - ₹7 L/yr 29% more
Motilal Oswal Financial Services Business Development Manager Salary 1 - 8 years exp. (35 salaries)	₹2.2 L/yr - ₹9 L/yr 47% more
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Edelweiss Business Development Manager Salary 1 - 13 years exp. (15 salaries)	₹2.5 L/yr - ₹7.6 L/yr 2% more
ICICI Securities Business Development Manager Salary 1 - 13 years exp. (12 salaries)	₹3.5 L/yr - ₹8 L/yr 86% more
Sharekhan Business Development Manager Salary 2 - 5 years exp. (6 salaries)	₹7.6 L/yr - ₹11.8 L/yr 145% more
Religare Business Development Manager Salary 2 - 4 years exp. (6 salaries)	₹2.4 L/yr - ₹4.6 L/yr 26% more
Alankit Business Development Manager Salary 3 - 14 years exp. (6 salaries)	₹2 L/yr - ₹5.5 L/yr At par
Bajaj Finserv Business Development Manager Salary 1 - 7 years exp. (5 salaries)	₹3 L/yr - ₹6.5 L/yr 14% more
Bajaj Capital Business Development Manager Salary 2 - 12 years exp. (5 salaries)	₹2.5 L/yr - ₹6.2 L/yr 42% more
JPMorgan Chase & Co. Business Development Manager Salary 0 - 3 years exp. (5 salaries)	₹23.1 L/yr - ₹58 L/yr 927% more
Reliance Capital Business Development Manager Salary 0 - 5 years exp. (4 salaries)	₹3.2 L/yr - ₹3.9 L/yr 4% more
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Geojit Financial Services Business Development Manager Salary 2 - 6 years exp. (4 salaries)	₹4.7 L/yr - ₹7.4 L/yr 41% more
JM Financial Business Development Manager Salary 1 - 13 years exp. (4 salaries)	₹3.5 L/yr - ₹5 L/yr 16% more
Nippon Life India Asset Management Business Development Manager Salary 3 - 15 years exp. (3 salaries)	₹2 L/yr - ₹21 L/yr 246% more	1 job opening
Wells Fargo Business Development Manager Salary 10 - 14 years exp. (4 salaries)	₹10.5 L/yr - ₹45 L/yr 705% 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

1w ago

₹4.3 Lakhs

11 years exp.

1y ago

₹4 Lakhs

10 years exp.

1y ago

₹3.5 Lakhs

12 years exp.

1y ago

₹3.6 Lakhs

12 years exp.

1y ago

₹3.6 Lakhs

10 years exp.

1y ago

8 years exp.

1y ago

5 years exp.

1y ago

8 years exp.

1y ago

4 years exp.

1y ago

6 years exp.

Experience wise Muthoot Capital Services Business Development Manager salaries

Last Updated: 8 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.2 L/yr - ₹5.9 L/yr
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.1 L/yr
5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹6.2 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.8 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
8 years (4 salaries)	₹1.4 L/yr - ₹4.3 L/yr
9 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
10 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4 L/yr
11 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.3 L/yr
12 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.6 L/yr

View all

Similar Designation salaries in Muthoot Capital Services

Business Development Executive Salary

(40 salaries)

₹1.4 L/yr - ₹3.1 L/yr

Assistant Sales Manager Salary

(5 salaries)

₹3.8 L/yr - ₹4.5 L/yr

Senior Business Development Executive Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹3 L/yr

Area Sales Manager Salary

(17 salaries)

₹5 L/yr - ₹11 L/yr

Territory Sales Manager Salary

(AmbitionBox Estimate)

₹3.3 L/yr - ₹4.3 L/yr

Deputy Manager Salary

(10 salaries)

₹5.48 L/yr - ₹7.88 L/yr

Regional Manager Salary

(5 salaries)

₹9.6 L/yr - ₹17.5 L/yr

Branch Manager Salary

(4 salaries)

₹3 L/yr - ₹3.6 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Relationship Manager Salary

(7 salaries)

₹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

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

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

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

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

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.

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,

Promotions - Bad

+2 more

see more salary related reviews

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Top trending discussions

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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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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?

JPMorgan Chase & Co.	₹23.1 Lakhs to ₹58.0 Lakhs per year
Wells Fargo	₹10.5 Lakhs to ₹45.0 Lakhs per year
Nippon Life India Asset Management	₹2.0 Lakhs to ₹21.0 Lakhs per year
Sharekhan	₹7.6 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 ₹7.0 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

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Muthoot Capital Services Business Development Manager Salaries

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

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

Companies similar to Muthoot Capital Services for Business Development Manager

Latest annual salaries shared by Muthoot Capital Services Business Development Manager

Experience wise Muthoot Capital Services Business Development Manager salaries

Similar Designation salaries in Muthoot Capital Services

Salary related reviews for Muthoot Capital Services

Business Development And Sales Executive in Vidisha

Counter Sales Executive in Shivamogga

Credit Officer in Hubli

Deputy Collections Manager in Nagapattinam

Collection's in Ballari

Muthoot Capital Services Business Development Manager Salary FAQs

Tell us how to improve this page.

Muthoot Capital Services Business Development Manager Salaries by Location