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salary hike and Career growth is nominal.. work culture and work life balance is best
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Annual salary range
5 - 9 years exp.
₹2.8
Lakhs - ₹6.3
Lakhs
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary43% less than the average Business Development Manager Salary in NBFC Companies for 5 - 9 years of experience
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Salaries in different departments
Sales & Business Development
Business Development Manager Salary
5 - 9
years
exp.
(14
salaries)
|  ₹2.8 L/yr - ₹5.5 L/yr |
BFSI, Investments & Trading
Business Development Manager Salary
5 - 8
years
exp.
(4
salaries)
| ₹3.5 L/yr - ₹6.3 L/yr |
Login to view exact salary
| |
Finance & Accounting
Business Development Manager Salary
5 - 7
years
exp.
(AmbitionBox Estimate)
| ₹3.5 L/yr - ₹4 L/yr |
Companies similar to Muthoot Finance for Business Development Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Bajaj Finance Business Development Manager Salary
4 - 6 years exp. (5 salaries) | ₹2.5 L/yr - ₹4.8 L/yr 
2%
less | |
 HDFC Bank Business Development Manager Salary
1 - 13 years exp. (123 salaries) | ₹2 L/yr - ₹10.2 L/yr 
53%
more | 2 job openings |
Login to view exact salary
| ||
 ICICI Bank Business Development Manager Salary
1 - 10 years exp. (105 salaries) | ₹2 L/yr - ₹10.5 L/yr
29%
more | |
 Kotak Mahindra Bank Business Development Manager Salary
1 - 8 years exp. (40 salaries) | ₹1.5 L/yr - ₹8 L/yr
3%
less | |
 Axis Bank Business Development Manager Salary
0 - 10 years exp. (122 salaries) | ₹1.6 L/yr - ₹7.1 L/yr
5%
less | |
 Yes Bank Business Development Manager Salary
3 - 10 years exp. (19 salaries) | ₹2.3 L/yr - ₹9.9 L/yr
28%
more | |
 IndusInd Bank Business Development Manager Salary
0 - 8 years exp. (1.4k salaries) | ₹1.8 L/yr - ₹5.2 L/yr
12%
less | 43 job openings |
 IDFC FIRST Bank Business Development Manager Salary
1 - 10 years exp. (46 salaries) | ₹2.1 L/yr - ₹5.2 L/yr
29%
less | |
 Tata Capital Business Development Manager Salary
2 - 3 years exp. (3 salaries) | ₹9.4 L/yr - ₹15.5 L/yr
120%
more | |
 L&T Finance Business Development Manager Salary
2 - 5 years exp. (7 salaries) | ₹8.1 L/yr - ₹13.4 L/yr
113%
more | |
 IIFL Finance Business Development Manager Salary
0 - 10 years exp. (45 salaries) | ₹1.9 L/yr - ₹8 L/yr
2%
more | |
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| ||
 CreditAccess Grameen Business Development Manager Salary
2 - 11 years exp. (23 salaries) | ₹2.2 L/yr - ₹4.8 L/yr
23%
less | |
 Mahindra Finance Business Development Manager Salary
4 - 10 years exp. (13 salaries) | ₹2.4 L/yr - ₹6.2 L/yr
33%
more | |
 Shriram Finance Business Development Manager Salary
0 - 6 years exp. (24 salaries) | ₹2 L/yr - ₹3.8 L/yr
31%
less | |
 Capri Global Capital Business Development Manager Salary
0 - 11 years exp. (18 salaries) | ₹2.5 L/yr - ₹5 L/yr
19%
less | |
 HDB Financial Services Business Development Manager Salary
1 - 4 years exp. (15 salaries) | ₹1.8 L/yr - ₹4.1 L/yr
41%
less | |
 Aditya Birla Finance Business Development Manager Salary
3 - 16 years exp. (14 salaries) | ₹8.1 L/yr - ₹25.1 L/yr
234%
more | |
 Sundaram Finance Business Development Manager Salary
4 - 10 years exp. (13 salaries) | ₹4.8 L/yr - ₹11 L/yr
55%
more | |
 Muthoot Fincorp Business Development Manager Salary
3 - 10 years exp. (8 salaries) | ₹2.5 L/yr - ₹4.6 L/yr
27%
less | |
 LIC Housing Finance Business Development Manager Salary
0 - 12 years exp. (6 salaries) | ₹2.8 L/yr - ₹12 L/yr
68%
more | |
View all
Business Development Manager salary at Muthoot Finance ranges between ₹2.8
Lakhs
to ₹6.3
Lakhs
per year for employees with experience between 5 years to 9 years. Salary
estimates are based on
20 latest salaries received
from various employees of Muthoot Finance.
Latest annual salaries shared by Muthoot Finance Business Development Manager
2w ago
9
years
exp.
1mo ago
6
years
exp.
2mo ago
5
years
exp.
2mo ago
5
years
exp.
4mo ago
7
years
exp.
4mo ago
5
years
exp.
5mo ago
5
years
exp.
5mo ago
8
years
exp.
6mo ago
5
years
exp.
10mo ago
6
years
exp.
Experience wise Muthoot Finance Business Development Manager salaries
Last Updated: 15 Dec 2024
| Experience | Avg Annual Salary |
|---|---|
| 5 years (9 salaries) |
₹2.8
L/yr
- ₹5.5
L/yr
|
| 6 years (4 salaries) |
₹4
L/yr
- ₹5.5
L/yr
|
Login to view exact salary
| |
| 7 years (3 salaries) |
₹3.5
L/yr
- ₹4.8
L/yr
|
| 8 years (3 salaries) |
₹3.5
L/yr
- ₹6.3
L/yr
|
| 9 years (AmbitionBox Estimate) |
₹4.1
L/yr
- ₹7.9
L/yr
|
Similar Designation salaries in Muthoot Finance
Top skills at Muthoot Finance for Business Development Manager
Business Development
Sales
Business Development Management
Team Handling
Personal Loans
Channel Partner Management
Relationship Management
Team Management
Lead Management
Gold Loan
Sales Planning
Client Relationship Management
Selling Skills
Problem Solving
Customer Engagement
Salary related reviews for Muthoot Finance
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Salary Discussions, Hike & Promotions
2w (edited)
a social media specialist
Salary Expectations
I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards.
I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high.
What should be the ideal salary expectation for someone with my experience in the current market?
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Muthoot Finance Business Development Manager Salary FAQs
What is the salary of Business Development Manager at Muthoot Finance?
Business Development Manager salary at Muthoot Finance in India ranges between ₹2.8 Lakhs to ₹6.3 Lakhs for experience between 5 years to 9 years. According to our estimates it is 43% less than the average Business Development Manager Salary in India. Salary estimates are based on 20 latest salaries received from various employees of Muthoot Finance India.
How does the salary of a Business Development Manager at Muthoot Finance India compare with the average salary range for this job?
The average salary of a Business Development Manager at Muthoot Finance is 43% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Manager at Muthoot Finance?
Business Development, Sales, Business Development Management, Team Handling and Personal Loans are some of the popular skills required to work as a Business Development Manager at Muthoot Finance India.
Which similar companies are paying more than Muthoot Finance to a Business Development Manager in India?
- Aditya Birla Finance Business Development Manager Salary - ₹8.1 Lakhs to ₹25.1 Lakhs per year
- Poonawalla Fincorp Business Development Manager Salary - ₹10.0 Lakhs to ₹12.0 Lakhs per year
- TVS Credit Business Development Manager Salary - ₹6.0 Lakhs to ₹15.0 Lakhs per year
- Tata Capital Business Development Manager Salary - ₹9.4 Lakhs to ₹15.5 Lakhs per year
- L&T Finance Business Development Manager Salary - ₹8.1 Lakhs to ₹13.4 Lakhs per year
What is the salary of a Business Development Manager in companies similar to Muthoot Finance in India?
- PNB Housing Finance Business Development Manager Salary - ₹7.0 Lakhs to ₹12.0 Lakhs per year
- LIC Housing Finance Business Development Manager Salary - ₹2.8 Lakhs to ₹12.0 Lakhs per year
- Sundaram Finance Business Development Manager Salary - ₹4.8 Lakhs to ₹11.0 Lakhs per year
- Bharat Financial Inclusion Business Development Manager Salary - ₹1.0 Lakhs to ₹15.2 Lakhs per year
- HDFC Bank Business Development Manager Salary - ₹2.0 Lakhs to ₹10.2 Lakhs per year
What is the estimated take home salary of a Business Development Manager at Muthoot Finance in India?
The estimated take-home salary of a Business Development Manager at Muthoot Finance ranges between ₹31,932 per month to ₹33,218 per month in India. The take-home salary calculation is based on the average Muthoot Finance Business Development Manager salary in India which ranges between ₹2.8 Lakhs to ₹6.3 Lakhs per year for employees with experience between 5 years to 9 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at Muthoot Finance?
According to AmbitionBox, 45% of the Muthoot Finance Business Development Managers reported a notice period of 1 Month, 26% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 31 responses on AmbitionBox in last 2 years.
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Muthoot Finance Business Development Manager Salaries by Location
- Muthoot Finance Business Development Manager salaries in New Delhi
- Muthoot Finance Business Development Manager salaries in Bangalore / Bengaluru
- Muthoot Finance Business Development Manager salaries in Kozhikode
- Muthoot Finance Business Development Manager salaries in Bhopal
- Muthoot Finance Business Development Manager salaries in Jaipur
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Muthoot Finance Business Development Manager salary
in
India
ranges between ₹2.8
Lakhs to ₹6.3
Lakhs with an average annual salary of
₹. Salary estimates are based on
20
Muthoot Finance latest salaries received from various employees of
Muthoot Finance.