Muthoot Finance Business Development Manager Salaries by 20+ Employees (Updated 2025)

4 - 9 years exp.

₹2.8 Lakhs - ₹6.3 Lakhs

Salary of majority employees

42% less than the average Business Development Manager Salary in NBFC Companies for 4 - 9 years of experience

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Salaries in different departments

Sales & Business Development Business Development Manager Salary 4 - 9 years exp. (17 salaries)	₹2.8 L/yr - ₹5.5 L/yr
BFSI, Investments & Trading Business Development Manager Salary 4 - 8 years exp. (8 salaries)	₹3.5 L/yr - ₹6.3 L/yr
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Finance & Accounting Business Development Manager Salary 4 - 7 years exp. (3 salaries)	₹3 L/yr - ₹4 L/yr
Marketing & Communication Business Development Manager Salary 4 years exp. (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.1 L/yr

Last Updated: 3 Feb 2025

Companies similar to Muthoot Finance for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Business Development Manager Salary 4 - 5 years exp. (4 salaries)	₹2.5 L/yr - ₹4.8 L/yr 9% less
HDFC Bank Business Development Manager Salary 1 - 13 years exp. (125 salaries)	₹2 L/yr - ₹10 L/yr 31% more
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ICICI Bank Business Development Manager Salary 1 - 10 years exp. (109 salaries)	₹2.1 L/yr - ₹8.9 L/yr 31% more
Kotak Mahindra Bank Business Development Manager Salary 1 - 10 years exp. (46 salaries)	₹1.5 L/yr - ₹8 L/yr 1% more
Axis Bank Business Development Manager Salary 0 - 10 years exp. (125 salaries)	₹1.4 L/yr - ₹7 L/yr 4% less
Yes Bank Business Development Manager Salary 3 - 6 years exp. (12 salaries)	₹3.5 L/yr - ₹10 L/yr 25% more
IndusInd Bank Business Development Manager Salary 0 - 8 years exp. (1.4k salaries)	₹1.8 L/yr - ₹5.3 L/yr 13% less	17 job openings
IDFC FIRST Bank Business Development Manager Salary 1 - 10 years exp. (46 salaries)	₹2.1 L/yr - ₹5 L/yr 32% less
Tata Capital Business Development Manager Salary 2 - 5 years exp. (5 salaries)	₹5.5 L/yr - ₹15.5 L/yr 166% more
L&T Finance Business Development Manager Salary 2 - 5 years exp. (7 salaries)	₹8.1 L/yr - ₹13.4 L/yr 110% more
SK Finance Limited Business Development Manager Salary 2 - 12 years exp. (78 salaries)	₹2.6 L/yr - ₹5.8 L/yr 11% less
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IIFL Finance Business Development Manager Salary 0 - 10 years exp. (45 salaries)	₹1.9 L/yr - ₹8 L/yr At par
Shriram Finance Business Development Manager Salary 0 - 9 years exp. (31 salaries)	₹2 L/yr - ₹3.8 L/yr 33% less
Mahindra Finance Business Development Manager Salary 1 - 8 years exp. (22 salaries)	₹2.3 L/yr - ₹9.7 L/yr 20% more
Capri Global Capital Business Development Manager Salary 0 - 12 years exp. (19 salaries)	₹2.5 L/yr - ₹5 L/yr 15% less
CreditAccess Grameen Business Development Manager Salary 2 - 11 years exp. (19 salaries)	₹2.2 L/yr - ₹4.8 L/yr 24% less
HDB Financial Services Business Development Manager Salary 1 - 4 years exp. (15 salaries)	₹1.8 L/yr - ₹4.1 L/yr 42% less
Aditya Birla Finance Business Development Manager Salary 3 - 15 years exp. (14 salaries)	₹11.3 L/yr - ₹17.2 L/yr 227% more
Sundaram Finance Business Development Manager Salary 4 - 10 years exp. (13 salaries)	₹4.8 L/yr - ₹11 L/yr 53% more
Muthoot Fincorp Business Development Manager Salary 3 - 10 years exp. (6 salaries)	₹2.5 L/yr - ₹4 L/yr 28% less

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 4 years to 9 years. Salary estimates are based on 29 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Business Development Manager salaries

Last Updated: 3 Feb 2025

Experience	Avg Annual Salary
4 years (7 salaries)	₹3 L/yr - ₹6.1 L/yr
5 years (10 salaries)	₹2.8 L/yr - ₹5.5 L/yr
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6 years (4 salaries)	₹4 L/yr - ₹5.5 L/yr
7 years (3 salaries)	₹3.5 L/yr - ₹4.8 L/yr
8 years (4 salaries)	₹3.5 L/yr - ₹6.3 L/yr
9 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹8.1 L/yr

View all

Similar Designation salaries in Muthoot Finance

Senior Business Development Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Business Development Associate Salary

(5 salaries)

₹2 L/yr - ₹5 L/yr

Business Development Executive Salary

(21 salaries)

₹1.5 L/yr - ₹3.2 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Assistant Sales Manager Salary

(4 salaries)

₹2.5 L/yr - ₹5.25 L/yr

Senior Business Development Executive Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Senior Sales Manager Salary

(6 salaries)

₹2.5 L/yr - ₹8 L/yr

Area Sales Manager Salary

(AmbitionBox Estimate)

₹5.5 L/yr - ₹7 L/yr

Territory Sales Manager Salary

(AmbitionBox Estimate)

₹5.2 L/yr - ₹6.7 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

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

3.6

Rated by 15 employees for salary & benefits

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

Deputy Manager in Rae Bareli

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 01 Dec 2024

3.0

for Salary and Benefits

Likes

salary hike and Career growth is nominal.. work culture and work life balance is best

Skill development - Good

+4 more

Dislikes

Increment of salary and Incentives payout is only for seniors and RO employees, branch level employee only get the nominal amount

Promotions - Poor

Branch Manager in New Delhi

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 28 Oct 2024

4.0

for Salary and Benefits

Likes

1.Market approach 2.On time salary and incentives 3.Accessible and easy to search services 4. Old and most known name in gold loan in market 5.brand goodwill

Salary - Good

+2 more

Dislikes

1. Security issues (unnecessary burden on employee) 2. It is like a high security jail 3. Unnecessary sales burden 4. Focus day ( no decreased roi no high per gram rate then it is illogical) 5. Sunday/night visit ( it should be the job done by security guard) 6. A number of products to sale with daily basis target (nobody can achieve all in a day) 7. Anybody unknown or new joinee in corporate or regional office can call you, threatened you,harrased you to complete his task on given time . 8. High rate of interest, difficult to add new customer comparing other banks and NBFC's 9. Muthoot most rust thing it's penalties ( a normal customer pays a lot extra RBI is still watching this fraud.

Job security - Bad

+3 more

Deputy Manager in Bhubaneswar

Full Time

Finance & Accounting Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Salary always credited in right time

Dislikes

Dividing the staff with religion Similar promotion and pay not available.Very politics on staff promotion Higher Authorities and very bad Paying very less payment Not employee friendly oriented company

Salary - Bad

+6 more

Branch Manager in Bhubaneswar

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 31 May 2023

1.0

for Salary and Benefits

Likes

Nothing in this company is good, company is very unorganised. Employment and Promotions is very pathetic situation mainly every decision based on Kerala centric employees. Kerala employees joined very good position and other states employees are very neglected by management it self.

Dislikes

...after several attempts whereas most likely employees of management got promoted. Salary Hike is very pathetic situation ,An employees dies by salary he/she gets. Supervisor behaviour is very rude to employees.Alway attempt to terminate the employment .

Salary - Bad

+6 more

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (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 my previous org.

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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 4 years to 9 years. According to our estimates it is 42% less than the average Business Development Manager Salary in India. Salary estimates are based on 29 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 42% 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 - ₹11.3 Lakhs to ₹17.2 Lakhs per year
Tata Capital Business Development Manager Salary - ₹5.5 Lakhs to ₹15.5 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
LIC Housing Finance Business Development Manager Salary - ₹4.8 Lakhs to ₹12.0 Lakhs per year

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

L&T Finance Business Development Manager Salary - ₹8.1 Lakhs to ₹13.4 Lakhs per year
PNB Housing Finance Business Development Manager Salary - ₹7.0 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
ICICI Bank Business Development Manager Salary - ₹2.1 Lakhs to ₹8.9 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 ₹32,439 per month to ₹33,717 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 4 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, 44% of the Muthoot Finance Business Development Managers reported a notice period of 1 Month, 31% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 32 responses on AmbitionBox in last 2 years.

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Muthoot Finance Business Development Manager Salaries by Location

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Muthoot Finance Business Development Manager Salaries

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 29 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

Muthoot Finance Business Development Manager salaries in India (Updated 2025)

Companies similar to Muthoot Finance for Business Development Manager

Latest annual salaries shared by Muthoot Finance Business Development Manager

Experience wise Muthoot Finance Business Development Manager salaries

Similar Designation salaries in Muthoot Finance

Top skills at Muthoot Finance for Business Development Manager

Salary related reviews for Muthoot Finance

Sales Manager in Kochi

Deputy Manager in Rae Bareli

Branch Manager in New Delhi

Deputy Manager in Bhubaneswar

Branch Manager in Bhubaneswar

Muthoot Finance Business Development Manager Salary FAQs

Tell us how to improve this page.

Muthoot Finance Business Development Manager Salaries by Location