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3.6

based on 5.1k Reviews

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Muthoot Finance Business Development Officer salaries in Bangalore / Bengaluru (Updated 2025)

Annual salary range
0 - 4 years exp.
₹1.8 Lakh - ₹2.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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36% less than the average Business Development Officer Salary in NBFC Companies for 0 - 4 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Business Development Officer Salary
1 - 4 years exp. (3 salaries)
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₹2 L/yr - ₹2.5 L/yr

BFSI, Investments & Trading
Business Development Officer Salary
2 years exp. (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.4 L/yr

Last Updated: 15 Feb 2025

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

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Muthoot Finance Business Development Officer Salary

0 - 4 years exp. (6 salaries)
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₹1.8 L/yr - ₹2.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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CreditAccess Grameen Business Development Officer Salary

1 - 6 years exp. (4 salaries)
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₹2 L/yr - ₹2.3 L/yr

arrow icon 7% less
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Equitas Small Finance Bank Business Development Officer Salary

0 - 7 years exp. (23 salaries)
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₹1.8 L/yr - ₹4.6 L/yr

arrow icon 43% more
 60 job openings
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ICICI Bank Business Development Officer Salary

0 - 5 years exp. (18 salaries)
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₹1.6 L/yr - ₹3 L/yr

arrow icon 11% more
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Axis Bank Business Development Officer Salary

0 - 6 years exp. (11 salaries)
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₹2.1 L/yr - ₹3.6 L/yr

arrow icon 11% more
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IDFC FIRST Bank Business Development Officer Salary

0 - 6 years exp. (10 salaries)
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₹2 L/yr - ₹3.8 L/yr

arrow icon 17% more
Business Development Officer salary at Muthoot Finance ranges between ₹1.8 Lakh to ₹2.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Finance.

Latest annual salaries shared by Muthoot Finance Business Development Officer in Bangalore / Bengaluru

1mo ago
₹1.8 Lakh
4 months exp.
4mo ago
₹2 Lakhs
1 year exp.
6mo ago
₹2.5 Lakhs
2 years exp.
10mo ago
₹2.5 Lakhs
6 months exp.
1y ago
₹1.8 Lakh
2 years exp.

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

Last Updated: 15 Feb 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2 L/yr - ₹2.5 L/yr
1 year (AmbitionBox Estimate)

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₹2 L/yr - ₹2.5 L/yr
2 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.6 L/yr
3 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹2.7 L/yr

Similar Designation salaries in Muthoot Finance

Sales Executive Salary
(7 salaries)
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₹2.15 L/yr - ₹3.5 L/yr
Business Development Manager Salary
(5 salaries)
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₹2.83 L/yr - ₹6.25 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

3.1

Rated by 5 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

read more
  • 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.

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

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.

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

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

read 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

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

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peacemaker
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works at
Georgia-Pacific
New offer. Confused.
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 Officer Salary FAQs

What is the salary of Business Development Officer at Muthoot Finance in Bangalore / Bengaluru?
The average salary of a Business Development Officer at Muthoot Finance in Bangalore / Bengaluru typically ranges from ₹1.8 Lakhs to ₹2.5 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Business Development Officer in Bangalore / Bengaluru at Muthoot Finance earn more than ₹2.5 Lakhs per year, and the top 1% earn over ₹2.5 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 6 Muthoot Finance employees in India.
What is the estimated take home salary of a Business Development Officer at Muthoot Finance in Bangalore / Bengaluru?
The estimated take-home salary of a Business Development Officer at Muthoot Finance in Bangalore / Bengaluru typically ranges from ₹16,230 to ₹17,904 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from Fresher to 4 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 6 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 in Bangalore / Bengaluru?
To be a Business Development Officer at Muthoot Finance in Bangalore / Bengaluru, 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?
Equitas Small Finance Bank ₹1.8 Lakhs to ₹4.6 Lakhs per year
IDFC FIRST Bank ₹2.0 Lakhs to ₹3.8 Lakhs per year
Axis Bank ₹2.1 Lakhs to ₹3.6 Lakhs per year
ICICI Bank ₹1.6 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 Bangalore / Bengaluru?
The salary of a Business Development Officer 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 ₹2.0 Lakhs to ₹2.3 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 Bangalore / Bengaluru?
The salary growth for a Business Development Officer at Muthoot Finance in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Business Development Officer in Bangalore / Bengaluru can expect the following growth trajectory at Muthoot Finance:

Experience Average Salary Range
Fresher ₹2.0 Lakhs to ₹2.5 Lakhs per year
1 year ₹2.0 Lakhs to ₹2.5 Lakhs per year
2 years ₹2.0 Lakhs to ₹2.6 Lakhs per year
3 years ₹2.1 Lakhs to ₹2.6 Lakhs per year
and so on.

Tell us how to improve this page.

Muthoot Finance Business Development Officer salary in Bangalore / Bengaluru ranges between ₹1.8 Lakh to ₹2.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Muthoot Finance latest salaries received from various employees of Muthoot Finance.