Muthoot Finance Bangalore / Bengaluru Business Development Manager Salaries by 5 Employees

4 - 8 years exp.

₹2.8 Lakhs - ₹6.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

40% less than the average Business Development Manager Salary in NBFC Companies for 4 - 8 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting Business Development Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4.4 L/yr
Sales & Business Development Business Development Manager Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹4.5 L/yr
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BFSI, Investments & Trading Business Development Manager Salary 8 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹6.3 L/yr

Last Updated: 13 Oct 2024

Companies similar to Muthoot Finance for Business Development Manager in Bangalore / Bengaluru

Muthoot Finance Business Development Manager Salary

4 - 8 years exp. (5 salaries)

₹2.8 L/yr - ₹6.3 L/yr

Company name	Avg Annual Salary	Open Jobs
CreditAccess Grameen Business Development Manager Salary 2 - 11 years exp. (7 salaries)	₹3 L/yr - ₹4.1 L/yr 24% less
L&T Finance Business Development Manager Salary 2 - 5 years exp. (5 salaries)	₹10 L/yr - ₹13.4 L/yr 158% more
Login to view exact salary
BYJU'S Business Development Manager Salary 1 - 9 years exp. (1k salaries)	₹6 L/yr - ₹16.5 L/yr 132% more
Flipkart Business Development Manager Salary 1 - 12 years exp. (332 salaries)	₹13 L/yr - ₹36 L/yr 388% more	3 job openings
Practo Business Development Manager Salary 0 - 8 years exp. (201 salaries)	₹3 L/yr - ₹9.5 L/yr 29% more

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 8 years. Salary estimates are based on 5 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Business Development Manager salaries in Bangalore / Bengaluru

Last Updated: 13 Oct 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
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6 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
7 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
8 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr

Similar Designation salaries in Muthoot Finance

Branch Manager Salary

(84 salaries)

₹2.5 L/yr - ₹7.5 L/yr

Assistant Branch Manager Salary

(11 salaries)

₹2.55 L/yr - ₹5 L/yr

Cluster Manager Salary

(8 salaries)

₹4.35 L/yr - ₹11 L/yr

Regional Manager Salary

(8 salaries)

₹6.8 L/yr - ₹19.7 L/yr

Regional Head Salary

(4 salaries)

₹12 L/yr - ₹15.5 L/yr

Sales Manager Salary

(3 salaries)

₹3.85 L/yr - ₹5.25 L/yr

Relationship Manager Salary

(3 salaries)

₹2.35 L/yr - ₹2.8 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 Lead Management Team Management Sales Planning Gold Loan Client Relationship Management Selling Skills Problem Solving Customer Engagement

Salary related reviews for Muthoot Finance

5.0

Rated by 1 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

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

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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 Finance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Muthoot Finance in Bangalore / Bengaluru?

The average salary of a Business Development Manager at Muthoot Finance in Bangalore / Bengaluru typically ranges from ₹2.8 Lakhs to ₹6.3 Lakhs per year, depending on experience (from 4 years to 8 years).

The top 10% of Business Development Manager in Bangalore / Bengaluru at Muthoot Finance earn more than ₹6.3 Lakhs per year, and the top 1% earn over ₹6.3 Lakhs per year. Business Development Manager 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 Manager at Muthoot Finance in Bangalore / Bengaluru?

The estimated take-home salary of a Business Development Manager at Muthoot Finance in Bangalore / Bengaluru typically ranges from ₹33,878 to ₹35,134 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹6.3 Lakhs per year for employees with experience ranging from 4 years to 8 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 are the key skills required to be a Business Development Manager at Muthoot Finance in Bangalore / Bengaluru?

To be a Business Development Manager at Muthoot Finance in Bangalore / Bengaluru, the key skills required include:

- Business Development
- Sales
- Business Development Management
- Team Handling
- Personal Loans

These skills are highly valued at Muthoot Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Muthoot Finance for Business Development Manager in India?

Flipkart	₹13.0 Lakhs to ₹36.0 Lakhs per year
L&T Finance	₹10.0 Lakhs to ₹13.4 Lakhs per year
BYJU'S	₹6.0 Lakhs to ₹16.5 Lakhs per year
Practo	₹3.0 Lakhs to ₹9.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Muthoot Finance, depending on the role and experience level.

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

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

CreditAccess Grameen

₹3.0 Lakhs to ₹4.1 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 Finance in Bangalore / Bengaluru?

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

Experience	Average Salary Range
4 years	₹3.9 Lakhs to ₹5.0 Lakhs per year
5 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
6 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
7 years	₹4.1 Lakhs to ₹5.2 Lakhs per year

and so on.

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Muthoot Finance Business Development Manager Salaries in Bangalore / Bengaluru

Muthoot Finance Business Development Manager salary in Bangalore / Bengaluru ranges between ₹2.8 Lakhs to ₹6.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Muthoot Finance latest salaries received from various employees of Muthoot Finance.