Muthoot Finance Business Development Associate Salaries by 5 Employees (Updated 2025)

0 - 7 years exp.

₹2 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

Fixed (45%)

₹1.6 Lakh

Variable (55%)

₹1.9 Lakh

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38% less than the average Business Development Associate Salary in NBFC Companies for 0 - 7 years of experience

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Salaries in different departments

Finance & Accounting Business Development Associate Salary 0 - 2 years exp. (3 salaries)	Unlock ₹4 L/yr - ₹5 L/yr
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BFSI, Investments & Trading Business Development Associate Salary 4 years exp. (AmbitionBox Estimate)	Unlock ₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 25 Sep 2024

Companies similar to Muthoot Finance for Business Development Associate

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Business Development Associate Salary 0 - 2 years exp. (3 salaries)	Unlock ₹2 L/yr - ₹2.8 L/yr 24% less
Bajaj Finance Business Development Associate Salary 1 - 4 years exp. (4 salaries)	Unlock ₹2.4 L/yr - ₹2.8 L/yr 28% less
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HDFC Bank Business Development Associate Salary 2 - 3 years exp. (3 salaries)	Unlock ₹2 L/yr - ₹3.5 L/yr 2% less
ICICI Bank Business Development Associate Salary 0 - 5 years exp. (6 salaries)	Unlock ₹1.7 L/yr - ₹5.5 L/yr 2% more
Axis Bank Business Development Associate Salary 0 - 3 years exp. (49 salaries)	Unlock ₹2 L/yr - ₹4.1 L/yr 20% less
Kotak Mahindra Bank Business Development Associate Salary 0 - 3 years exp. (4 salaries)	Unlock ₹2.1 L/yr - ₹4.4 L/yr 19% less
Sundaram Finance Business Development Associate Salary 0 - 3 years exp. (10 salaries)	Unlock ₹2.4 L/yr - ₹3.2 L/yr 21% less
Mahindra Finance Business Development Associate Salary 3 - 7 years exp. (5 salaries)	Unlock ₹2.1 L/yr - ₹3.5 L/yr 20% less
IIFL Finance Business Development Associate Salary 0 - 5 years exp. (4 salaries)	Unlock ₹2 L/yr - ₹5.5 L/yr 6% less
Muthoot Fincorp Business Development Associate Salary 0 - 4 years exp. (3 salaries)	Unlock ₹1.5 L/yr - ₹4 L/yr 18% less

Business Development Associate salary at Muthoot Finance ranges between ₹2 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Business Development Associate salaries

Last Updated: 25 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹1.9 L/yr - ₹5 L/yr
1 year (AmbitionBox Estimate)	Unlock ₹1.7 L/yr - ₹4.5 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	Unlock ₹1.6 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹3.3 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹5.9 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹2.6 L/yr - ₹3.4 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹2.3 L/yr - ₹3 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹0.9 L/yr - ₹2.6 L/yr

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Business Development Executive Salary

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₹1.5 L/yr - ₹3.2 L/yr

Business Development Representative Salary

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₹2.7 L/yr - ₹3.5 L/yr

Senior Business Development Executive Salary

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₹2.9 L/yr - ₹3.7 L/yr

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₹1.7 L/yr - ₹2.4 L/yr

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₹2.9 L/yr - ₹3.7 L/yr

Salary related reviews for Muthoot Finance

1.0

Rated by 2 employees for salary & benefits

Business Development Associate in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 17 Feb 2025

1.0

for Salary and Benefits

Likes

Good things was it's near to my home and time was flexible and leaves were good

Dislikes

Many things salary is first but never received on time salary everytime and incentives were not given properly no skill development only work like hell and call customer daily but they were not even interested to get benifits and fooling customer by false words work environment was ok because manager and employee misunderstanding more

Salary - Bad

+5 more

Sales Manager in Kochi

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 21 Jan 2025

3.0

for Salary and Benefits

Likes

There no need to wear formals like banks .

Dislikes

Work culture is bad , we will not get the salary which is mentioned in the offer letter , there is no work balance even we have to work in Sunday's also . Heavy work pressure. There is no job security

Skill development - Bad

+5 more

Business Development Officer in New Delhi

Full Time

Sales & Business Development Department

4.0

• posted on 10 Jan 2025

2.0

for Salary and Benefits

Likes

I like working style very flexible and easy targets achievement.

Skill development - Excellent

+3 more

Dislikes

I am working since Jan-2021. But my salary not increased I have already told to HR and my Boss but he saying salary not increased in third party payroll

Salary - Poor

Business Development Officer in Kolkata

Full Time

Sales & Business Development Department

4.0

• posted on 29 Jun 2022

3.0

for Salary and Benefits

Likes

Hi, i am working off role in muthoot finance ltd. I think payrole management is very good and working time table best. Work culture and all staff friendly.

Work satisfaction - Good

+1 more

Dislikes

I am working offrole this company so off role staff salary credit 7th of every month but payroll staff salary month end before 31th.

Business Development Officer in New Delhi

Full Time

Sales Department

4.0

• posted on 09 Jul 2019

4.0

for Salary and Benefits

Likes

Muthoot is the most trustable company of gold lone and other financial product.it is the biggest company of gold loan in India and longest in world.

Salary - Good

+2 more

Dislikes

My work is not justify in my salary.muthoot salery is below then other nbfc company

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Muthoot Finance Business Development Associate Salary FAQs

What is the salary of Business Development Associate at Muthoot Finance?

Business Development Associate salary at Muthoot Finance in India ranges between ₹2.0 Lakhs to ₹5.0 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 38% less than the average Business Development Associate Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Finance India.

How does the salary of a Business Development Associate at Muthoot Finance India compare with the average salary range for this job?

The average salary of a Business Development Associate at Muthoot Finance is 38% less than the average salary of a Business Development Associate in India. To know exact salary insights, login to view.

Which similar companies are paying more than Muthoot Finance to a Business Development Associate in India?

ICICI Bank Business Development Associate Salary - ₹1.7 Lakhs to ₹5.5 Lakhs per year

What is the salary of a Business Development Associate in companies similar to Muthoot Finance in India?

HDFC Bank Business Development Associate Salary - ₹2.0 Lakhs to ₹3.5 Lakhs per year
IIFL Finance Business Development Associate Salary - ₹2.0 Lakhs to ₹5.5 Lakhs per year
Muthoot Fincorp Business Development Associate Salary - ₹1.5 Lakhs to ₹4.0 Lakhs per year
Kotak Mahindra Bank Business Development Associate Salary - ₹2.1 Lakhs to ₹4.4 Lakhs per year
Axis Bank Business Development Associate Salary - ₹2.0 Lakhs to ₹4.1 Lakhs per year

What is the estimated take home salary of a Business Development Associate at Muthoot Finance in India?

The estimated take-home salary of a Business Development Associate at Muthoot Finance ranges between ₹25,264 per month to ₹26,699 per month in India. The take-home salary calculation is based on the average Muthoot Finance Business Development Associate salary in India which ranges between ₹2.0 Lakhs to ₹5.0 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

What is the notice period for Business Development Associate at Muthoot Finance?

According to AmbitionBox, 80% of the Muthoot Finance Business Development Associates reported a notice period of 15 days or less, 20% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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Muthoot Finance Business Development Associate Salaries

Muthoot Finance Business Development Associate salary in India ranges between ₹2 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Finance latest salaries received from various employees of Muthoot Finance.