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

Annual salary range
0 - 8 years exp.
₹1.6 Lakh - ₹4 Lakhs
Salary of majority employees
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35% less than the average Business Development Officer Salary in NBFC Companies for 0 - 8 years of experience

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Salaries in different departments

Sales & Business Development
Business Development Officer Salary
0 - 8 years exp. (23 salaries)
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₹1.6 L/yr - ₹3.5 L/yr

Finance & Accounting
Business Development Officer Salary
0 - 6 years exp. (14 salaries)
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₹1.7 L/yr - ₹3.1 L/yr

BFSI, Investments & Trading
Business Development Officer Salary
0 - 6 years exp. (11 salaries)
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₹1.8 L/yr - ₹2.9 L/yr

Customer Success, Service & Operations
Business Development Officer Salary
4 - 6 years exp. (5 salaries)
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₹1.9 L/yr - ₹2.7 L/yr

Marketing & Communication
Business Development Officer Salary
1 - 2 years exp. (3 salaries)
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₹2.5 L/yr - ₹3 L/yr

Last Updated: 1 Mar 2025

Companies similar to Muthoot Finance for Business Development Officer

Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹2.4 L/yr

arrow icon 8% less
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₹2.2 L/yr - ₹3.5 L/yr

arrow icon 17% more
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HDFC Bank Business Development Officer Salary

0 - 6 years exp. (184 salaries)

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₹1.2 L/yr - ₹3.9 L/yr

At par
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₹7.2 L/yr - ₹18 L/yr

arrow icon 381% more
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ICICI Bank Business Development Officer Salary

0 - 5 years exp. (291 salaries)

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₹1.2 L/yr - ₹3.8 L/yr

arrow icon 1% less
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Axis Bank Business Development Officer Salary

0 - 5 years exp. (60 salaries)

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₹1.7 L/yr - ₹3.2 L/yr

arrow icon 4% more
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₹1.8 L/yr - ₹4 L/yr

arrow icon 17% more
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₹1.8 L/yr - ₹4.1 L/yr

arrow icon 6% more
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₹2.9 L/yr - ₹3.4 L/yr

arrow icon 24% more
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₹1.3 L/yr - ₹2.9 L/yr

arrow icon 17% less
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₹1.8 L/yr - ₹3 L/yr

arrow icon 7% more
8 job openings
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₹1.8 L/yr - ₹3.7 L/yr

arrow icon 3% less
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₹3 L/yr - ₹4.8 L/yr

arrow icon 56% more
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₹2.7 L/yr - ₹4 L/yr

arrow icon 19% more
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₹2 L/yr - ₹2.7 L/yr

arrow icon 3% less
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₹2.5 L/yr - ₹3 L/yr

arrow icon 16% more
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₹2.4 L/yr - ₹3.8 L/yr

arrow icon 37% more
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 70 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Business Development Officer

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Experience wise Muthoot Finance Business Development Officer salaries

Last Updated: 1 Mar 2025

Experience Avg Annual Salary
Fresher  (7 salaries)

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₹1.8 L/yr - ₹2.6 L/yr
1 year  (12 salaries)

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₹1.6 L/yr - ₹3.1 L/yr
2 years  (10 salaries)

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₹1.7 L/yr - ₹3.1 L/yr
3 years  (10 salaries)

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₹2 L/yr - ₹3.5 L/yr
4 years  (13 salaries)

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₹1.9 L/yr - ₹3.5 L/yr
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Similar Designation salaries in Muthoot Finance

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₹2.65 L/yr - ₹6.25 L/yr
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₹2 L/yr - ₹5 L/yr
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₹1.5 L/yr - ₹3.2 L/yr
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₹5.9 L/yr - ₹7.5 L/yr
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₹2.9 L/yr - ₹3.7 L/yr
Business Manager Salary
(AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr
Sales Officer Salary
(23 salaries)
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₹1.8 L/yr - ₹3.4 L/yr
Sales Executive Salary
(70 salaries)
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₹1.4 L/yr - ₹3.53 L/yr
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₹2.5 L/yr - ₹5.25 L/yr
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₹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
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Salary related reviews for Muthoot Finance

3.8

Rated by 29 employees for salary & benefits

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

read more
  • Salary - Poor

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.

read more
  • 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.

read more

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.

read more
  • Salary - Good
  • +2 more

Dislikes

My work is not justify in my salary.muthoot salery is below then other nbfc company

read more

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

read more
  • Salary - Bad
  • +5 more

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

read more
  • Skill development - Bad
  • +5 more
see more salary related reviews

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Muthoot Finance Business Development Officer Salary FAQs

What is the salary of Business Development Officer at Muthoot Finance?
Business Development Officer salary at Muthoot Finance in India ranges between ₹1.6 Lakhs to ₹4.0 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 35% less than the average Business Development Officer Salary in India. Salary estimates are based on 70 latest salaries received from various employees of Muthoot Finance India.
How does the salary of a Business Development Officer at Muthoot Finance India compare with the average salary range for this job?
The average salary of a Business Development Officer at Muthoot Finance is 35% less than the average salary of a Business Development Officer in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Officer at Muthoot Finance?
Business Development, Region, Insurance, Sales and Finance are some of the popular skills required to work as a Business Development Officer at Muthoot Finance India.
Which similar companies are paying more than Muthoot Finance to a Business Development Officer in India?
  • LIC Housing Finance Business Development Officer Salary - ₹7.2 Lakhs to ₹18.0 Lakhs per year
  • Sundaram Finance Business Development Officer Salary - ₹3.0 Lakhs to ₹4.8 Lakhs per year
  • Aavas Financiers Business Development Officer Salary - ₹2.4 Lakhs to ₹3.8 Lakhs per year
  • Aditya Birla Finance Business Development Officer Salary - ₹2.9 Lakhs to ₹3.4 Lakhs per year
  • IIFL Finance Business Development Officer Salary - ₹2.7 Lakhs to ₹4.0 Lakhs per year
What is the salary of a Business Development Officer in companies similar to Muthoot Finance in India?
  • Kotak Mahindra Bank Business Development Officer Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year
  • Bajaj Finance Business Development Officer Salary - ₹2.2 Lakhs to ₹3.5 Lakhs per year
  • Mahindra Finance Business Development Officer Salary - ₹2.5 Lakhs to ₹3.0 Lakhs per year
  • Muthoot Fincorp Business Development Officer Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
  • Tata Capital Business Development Officer Salary - ₹1.8 Lakhs to ₹4.1 Lakhs per year
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 ranges between ₹16,899 per month to ₹18,608 per month in India. The take-home salary calculation is based on the average Muthoot Finance Business Development Officer salary in India which ranges between ₹1.6 Lakhs to ₹4.0 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?
What is the notice period for Business Development Officer at Muthoot Finance?
According to AmbitionBox, 71% of the Muthoot Finance Business Development Officers reported a notice period of 15 days or less, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 55 responses on AmbitionBox in last 2 years.

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Muthoot Finance Business Development Officer salary in India ranges between ₹1.6 Lakh to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 70 Muthoot Finance latest salaries received from various employees of Muthoot Finance.

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