Muthoot Finance Business Development Associate Salaries by 5 Employees

0 - 7 years exp.

₹2.6 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

25% less than the average Business Development Associate Salary in NBFC Companies for 0 - 7 years of experience

Interested in this particular role?

Last Updated: 25 Sep 2024

Companies similar to Muthoot Finance for Business Development Associate

Company name	Avg Annual Salary	Open Jobs
Sundaram Finance Business Development Associate Salary 0 - 3 years exp. (10 salaries)	₹2.4 L/yr - ₹3.2 L/yr 35% less
HDB Financial Services Business Development Associate Salary 0 - 4 years exp. (7 salaries)	₹2.5 L/yr - ₹3 L/yr 37% less
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Mahindra Finance Business Development Associate Salary 3 - 7 years exp. (5 salaries)	₹2.1 L/yr - ₹3.5 L/yr 34% less
IIFL Finance Business Development Associate Salary 0 - 5 years exp. (4 salaries)	₹2 L/yr - ₹5.5 L/yr 22% less
Bajaj Finance Business Development Associate Salary 1 - 4 years exp. (4 salaries)	₹2.4 L/yr - ₹2.8 L/yr 40% less
Muthoot Fincorp Business Development Associate Salary 0 - 5 years exp. (3 salaries)	₹1.5 L/yr - ₹4 L/yr 33% less
Shriram Finance Business Development Associate Salary 0 - 2 years exp. (3 salaries)	₹2 L/yr - ₹2.8 L/yr 37% less

Business Development Associate salary at Muthoot Finance ranges between ₹2.6 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)	₹2 L/yr - ₹5 L/yr
1 year (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.5 L/yr
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2 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.1 L/yr
3 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr
4 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
5 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
7 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹6.3 L/yr

View all

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Business Development Representative Salary

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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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Muthoot Finance Business Development Associate Salary FAQs

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

The average salary of a Business Development Associate at Muthoot Finance in India typically ranges from ₹2.6 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Business Development Associate at Muthoot Finance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Business Development Associate Salaries at Muthoot Finance 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 Muthoot Finance employees in India.

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 in India typically ranges from ₹31,118 to ₹32,415 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 7 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 Muthoot Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

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

IIFL Finance	₹2.0 Lakhs to ₹5.5 Lakhs per year
Muthoot Fincorp	₹1.5 Lakhs to ₹4.0 Lakhs per year
Mahindra Finance	₹2.1 Lakhs to ₹3.5 Lakhs per year
Sundaram Finance	₹2.4 Lakhs to ₹3.2 Lakhs per year
HDB Financial Services	₹2.5 Lakhs to ₹3.0 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 Associate at Muthoot Finance in India?

The salary growth for a Business Development Associate at Muthoot Finance depends on factors such as experience, performance, and promotions. On average, a Business Development Associate can expect the following growth trajectory at Muthoot Finance:

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹5.0 Lakhs per year
1 year	₹4.5 Lakhs to ₹8.5 Lakhs per year
2 years	₹4.0 Lakhs to ₹8.1 Lakhs per year
3 years	₹3.9 Lakhs to ₹4.9 Lakhs per year

and so on.

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Muthoot Finance Business Development Associate Salaries

Muthoot Finance Business Development Associate salary in India ranges between ₹2.6 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.