Muthoot Finance Business Development Officer Salaries by 70+ Employees (Updated 2025)

0 - 8 years exp.

₹1.6 Lakh - ₹4 Lakhs

Salary of majority employees

33% less than the average Business Development Officer Salary in NBFC Companies for 0 - 8 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Business Development Officer Salary 0 - 8 years exp. (23 salaries)	₹1.6 L/yr - ₹3.5 L/yr
Finance & Accounting Business Development Officer Salary 0 - 8 years exp. (16 salaries)	₹1.7 L/yr - ₹3.7 L/yr
Login to view exact salary
BFSI, Investments & Trading Business Development Officer Salary 0 - 6 years exp. (11 salaries)	₹1.8 L/yr - ₹2.9 L/yr
Customer Success, Service & Operations Business Development Officer Salary 3 - 6 years exp. (6 salaries)	₹1.9 L/yr - ₹3.5 L/yr
Marketing & Communication Business Development Officer Salary 1 - 2 years exp. (3 salaries)	₹2.5 L/yr - ₹3 L/yr

Last Updated: 22 Mar 2025

Companies similar to Muthoot Finance for Business Development Officer

Company name	Avg Annual Salary	Open Jobs
CreditAccess Grameen Business Development Officer Salary 0 - 6 years exp. (27 salaries)	₹1.3 L/yr - ₹2.9 L/yr 16% less
Muthoot Fincorp Business Development Officer Salary 0 - 4 years exp. (24 salaries)	₹1.8 L/yr - ₹3 L/yr 4% more	8 job openings
Login to view exact salary
HDB Financial Services Business Development Officer Salary 0 - 2 years exp. (12 salaries)	₹1.8 L/yr - ₹3.7 L/yr 6% less
Sundaram Finance Business Development Officer Salary 2 - 6 years exp. (6 salaries)	₹3 L/yr - ₹4.8 L/yr 51% more
IIFL Finance Business Development Officer Salary 1 - 2 years exp. (4 salaries)	₹2.7 L/yr - ₹4 L/yr 16% more
Kotak Mahindra Prime Business Development Officer Salary 0 - 2 years exp. (4 salaries)	₹2 L/yr - ₹2.7 L/yr 6% less
Mahindra Finance Business Development Officer Salary 0 - 5 years exp. (4 salaries)	₹2.5 L/yr - ₹3 L/yr 13% more
Bajaj Finance Business Development Officer Salary 0 - 7 years exp. (4 salaries)	₹1.2 L/yr - ₹3.5 L/yr 5% less
Aavas Financiers Business Development Officer Salary 3 - 9 years exp. (4 salaries)	₹2.4 L/yr - ₹3.8 L/yr 38% more
Shriram Finance Business Development Officer Salary 3 - 5 years exp. (3 salaries)	₹2 L/yr - ₹2.4 L/yr 11% less

Business Development Officer salary at Muthoot Finance ranges between ₹1.6 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 74 latest salaries received from various employees of Muthoot Finance.

Experience wise Muthoot Finance Business Development Officer salaries

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
Fresher (7 salaries)	₹1.8 L/yr - ₹2.6 L/yr
1 year (13 salaries)	₹1.6 L/yr - ₹3.1 L/yr
Login to view exact salary
2 years (10 salaries)	₹1.7 L/yr - ₹3.1 L/yr
3 years (11 salaries)	₹2 L/yr - ₹3.5 L/yr
4 years (14 salaries)	₹1.9 L/yr - ₹3.5 L/yr
5 years (8 salaries)	₹2 L/yr - ₹4 L/yr
6 years (7 salaries)	₹2 L/yr - ₹3.3 L/yr
7 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.7 L/yr
8 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.7 L/yr

View all

Similar Designation salaries in Muthoot Finance

Business Development Manager Salary

(38 salaries)

₹2.65 L/yr - ₹6.25 L/yr

Business Development Associate Salary

(5 salaries)

₹2.64 L/yr - ₹5 L/yr

Business Development Executive Salary

(26 salaries)

₹1.5 L/yr - ₹3.2 L/yr

Senior Business Development Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Senior Business Development Executive Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Sales Officer Salary

(23 salaries)

₹1.8 L/yr - ₹3.4 L/yr

Sales Executive Salary

(80 salaries)

₹1.4 L/yr - ₹4 L/yr

Assistant Sales Manager Salary

(4 salaries)

₹2.5 L/yr - ₹5.25 L/yr

Senior Sales Manager Salary

(6 salaries)

₹2.5 L/yr - ₹8 L/yr

Top skills at Muthoot Finance for Business Development Officer

Business Development Region Insurance Sales Finance Vehicle Investment Banking Direct Sales Motor Insurance Target Achievement Team Handling Market Development General Insurance Distribution Market Intelligence

Salary related reviews for Muthoot Finance

3.6

Rated by 30 employees for salary & benefits

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

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

Got a question about Muthoot Finance?

Ask anonymously on communities.

Muthoot Finance Business Development Officer Salary FAQs

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

The average salary of a Business Development Officer at Muthoot Finance in India typically ranges from ₹1.6 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Business Development Officer at Muthoot Finance earn more than ₹3.1 Lakhs per year, and the top 1% earn over ₹3.9 Lakhs per year. Business Development Officer 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 70+ Muthoot Finance employees in India.

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

The estimated take-home salary of a Business Development Officer at Muthoot Finance in India typically ranges from ₹17,466 to ₹19,167 per month. This is based on the average salary range of ₹1.6 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher 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 70+ 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 Officer at Muthoot Finance ?

To be a Business Development Officer at Muthoot Finance in india, the key skills required include:

- Business Development
- Region
- Insurance
- Sales
- Finance

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 Officer in India?

Sundaram Finance	₹3.0 Lakhs to ₹4.8 Lakhs per year
Aavas Financiers	₹2.4 Lakhs to ₹3.8 Lakhs per year
IIFL Finance	₹2.7 Lakhs to ₹4.0 Lakhs per year
Mahindra Finance	₹2.5 Lakhs to ₹3.0 Lakhs per year
Muthoot Fincorp	₹1.8 Lakhs to ₹3.0 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 Officer in companies similar to Muthoot Finance in India?

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

Bajaj Finance	₹1.2 Lakhs to ₹3.5 Lakhs per year
Kotak Mahindra Prime	₹2.0 Lakhs to ₹2.7 Lakhs per year
HDB Financial Services	₹1.8 Lakhs to ₹3.7 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹2.4 Lakhs per year
CreditAccess Grameen	₹1.3 Lakhs to ₹2.9 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 Officer at Muthoot Finance in India?

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

Experience	Average Salary Range
Fresher	₹1.8 Lakhs to ₹2.6 Lakhs per year
1 year	₹1.6 Lakhs to ₹3.1 Lakhs per year
2 years	₹1.7 Lakhs to ₹3.1 Lakhs per year
3 years	₹2.0 Lakhs to ₹3.5 Lakhs per year

and so on.

Tell us how to improve this page.

Muthoot Finance Business Development Officer Salaries by Location

Home >
Salaries >
Muthoot Finance Salaries >
Muthoot Finance Business Development Officer Salaries

Muthoot Finance Business Development Officer salary in India ranges between ₹1.6 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 74 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

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

Companies similar to Muthoot Finance for Business Development Officer

Latest annual salaries shared by Muthoot Finance Business Development Officer

Experience wise Muthoot Finance Business Development Officer salaries

Similar Designation salaries in Muthoot Finance

Top skills at Muthoot Finance for Business Development Officer

Salary related reviews for Muthoot Finance

Business Development Officer in New Delhi

Business Development Officer in Kolkata

Business Development Officer in New Delhi

Business Development Associate in Bangalore / Bengaluru

Sales Manager in Kochi

Muthoot Finance Business Development Officer Salary FAQs

Tell us how to improve this page.

Muthoot Finance Business Development Officer Salaries by Location