Muthoot Fincorp Business Development Manager Salaries by 6 Employees (Updated 2025)

3 - 10 years exp.

₹2.5 Lakhs - ₹4 Lakhs

Low Confidence

Salary of majority employees

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59% less than the average Business Development Manager Salary in NBFC Companies for 3 - 10 years of experience

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Salaries in different departments

Finance & Accounting Business Development Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	Unlock ₹2.6 L/yr - ₹3.1 L/yr
BFSI, Investments & Trading Business Development Manager Salary 8 years exp. (AmbitionBox Estimate)	Unlock ₹2.6 L/yr - ₹3.3 L/yr
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Sales & Business Development Business Development Manager Salary 3 years exp. (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹3.6 L/yr

Last Updated: 28 Nov 2024

Companies similar to Muthoot Fincorp for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Business Development Manager Salary 4 - 5 years exp. (4 salaries)	Unlock ₹2.5 L/yr - ₹4.8 L/yr 27% more
Shriram Finance Business Development Manager Salary 0 - 9 years exp. (31 salaries)	Unlock ₹2 L/yr - ₹3.8 L/yr 7% less
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Mahindra Finance Business Development Manager Salary 1 - 8 years exp. (22 salaries)	Unlock ₹2.3 L/yr - ₹9.7 L/yr 67% more
Cholamandalam Investment & Finance Business Development Manager Salary 4 - 7 years exp. (5 salaries)	Unlock ₹1.9 L/yr - ₹6 L/yr 3% less
L&T Finance Business Development Manager Salary 2 - 5 years exp. (7 salaries)	Unlock ₹8.1 L/yr - ₹13.4 L/yr 194% more
HDB Financial Services Business Development Manager Salary 1 - 4 years exp. (15 salaries)	Unlock ₹1.8 L/yr - ₹4.1 L/yr 19% less
Reliance Capital Business Development Manager Salary 0 - 5 years exp. (4 salaries)	Unlock ₹3.2 L/yr - ₹3.9 L/yr 16% more
Edelweiss Business Development Manager Salary 1 - 13 years exp. (15 salaries)	Unlock ₹2.5 L/yr - ₹7.6 L/yr 14% more
Tata Capital Business Development Manager Salary 2 - 5 years exp. (5 salaries)	Unlock ₹5.5 L/yr - ₹15.5 L/yr 273% more
SK Finance Limited Business Development Manager Salary 2 - 9 years exp. (70 salaries)	Unlock ₹2.6 L/yr - ₹7 L/yr 24% more
IIFL Finance Business Development Manager Salary 0 - 10 years exp. (45 salaries)	Unlock ₹1.9 L/yr - ₹8 L/yr 40% more
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Muthoot Finance Business Development Manager Salary 4 - 10 years exp. (38 salaries)	Unlock ₹2.7 L/yr - ₹6.3 L/yr 37% more	1 job opening
Capri Global Capital Business Development Manager Salary 0 - 12 years exp. (19 salaries)	Unlock ₹2.5 L/yr - ₹5 L/yr 19% more
CreditAccess Grameen Business Development Manager Salary 2 - 11 years exp. (19 salaries)	Unlock ₹2.2 L/yr - ₹4.8 L/yr 6% more
Sundaram Finance Business Development Manager Salary 4 - 10 years exp. (13 salaries)	Unlock ₹4.8 L/yr - ₹11 L/yr 113% more
Sammaan Capital Limited Business Development Manager Salary 3 - 6 years exp. (6 salaries)	Unlock ₹3 L/yr - ₹6.5 L/yr 26% more
Poonawalla Fincorp Business Development Manager Salary 3 - 16 years exp. (6 salaries)	Unlock ₹10 L/yr - ₹12 L/yr 243% more
PNB Housing Finance Business Development Manager Salary 1 - 6 years exp. (5 salaries)	Unlock ₹7 L/yr - ₹12 L/yr 183% more
TVS Credit Business Development Manager Salary 2 - 30 years exp. (4 salaries)	Unlock ₹6 L/yr - ₹15 L/yr 240% more
Aavas Financiers Business Development Manager Salary 2 - 13 years exp. (4 salaries)	Unlock ₹1.9 L/yr - ₹7 L/yr 44% more

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Business Development Manager salary at Muthoot Fincorp ranges between ₹2.5 Lakhs to ₹4 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Fincorp.

Experience wise Muthoot Fincorp Business Development Manager salaries

Last Updated: 28 Nov 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹2.6 L/yr - ₹5.5 L/yr
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5 years (AmbitionBox Estimate)	Unlock ₹3.1 L/yr - ₹5.6 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹2.9 L/yr - ₹3.6 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹2.9 L/yr - ₹3.7 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹3.3 L/yr - ₹5.9 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹3.8 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹1.3 L/yr - ₹3.8 L/yr

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Similar Designation salaries in Muthoot Fincorp

Senior Business Development Manager Salary

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₹4.3 L/yr - ₹5.5 L/yr

Business Development Associate Salary

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₹3.6 L/yr - ₹4.6 L/yr

Senior Business Development Executive Salary

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₹2.16 L/yr - ₹3 L/yr

Senior Sales Manager Salary

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Top skills at Muthoot Fincorp for Business Development Manager

Target Achievement Team Handling Business Development Management Sales Strategy Customer Focus Business Development Sales Management FMCG

Salary related reviews for Muthoot Fincorp

4.3

Rated by 5 employees for salary & benefits

Business Development Executive in Chennai

Full Time

Sales & Business Development Department

5.0

• posted on 22 Nov 2024

4.0

for Salary and Benefits

Likes

This is a good company for work. We have the job security for all staff. And good office time.

Salary - Good

+6 more

Dislikes

Rate of interest to be change in one month the customers who not because every customer not able to pay every month continuously . so give some relaxation for 3 months once compulsory..

Branch Manager in Agra

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 22 Nov 2024

3.0

for Salary and Benefits

Likes

Fix office timing and supportive staff

Skill development - Good

+1 more

Dislikes

... business targets, fostering customer relationships, and mentoring team members. However, I wish to highlight a concern regarding the disparity in salary increments and promotion benefits between vintage staff and newly recruited employees. Over the years, I have observed that long-serving employees, despite their proven track records and dedication, often receive comparatively modest increments during promotions. In contrast, newly recruited staff members are offered higher starting salaries and enjoy more substantial increments as they progress. This practice can sometimes lead to feelings of undervaluation among vintage staff, who have consistently demonstrated loyalty, expertise, and a deep understanding of the organization’s values and processes. It may also impact overall motivation and morale, as the efforts of long-term employees appear to be less recognized in monetary terms compared to newcomers. I believe Muthoot Fincorp values its employees and strives for fairness in its policies. Therefore, I would like to suggest that the organization considers implementing a more balanced approach to increments and promotions, taking into account both tenure and performance. This would not only enhance the morale of long-serving employees but also reinforce their commitment to the company's continued success. Thank you for providing this platform to share feedback. I trust that the management will give due consideration to this matter and take steps to ensure a fair and equitable workplace for all.

Branch Manager in Patna

Full Time

Sales & Business Development Department

4.0

• posted on 07 Nov 2024

4.0

for Salary and Benefits

Likes

Work environment is good. Work life balance is good. Salary is satisfying and seniors are supportive. Best for career oriented person.

Salary - Good

+6 more

Dislikes

Monday to Saturday office. Less festival leave like in deepawali and chath pooja.

Branch Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 07 Nov 2024

2.0

for Salary and Benefits

Likes

MFL is giving opportunities to show your hidden talent like blue waves

Skill development - Excellent

+4 more

Dislikes

Salary structure is not good , i am working since 2015 but there is no enhancement like other NBFC nd Bank 's salary structure.no advantage for vintage staff even new staff getting nyc salary package.

Salary - Poor

Business Development Executive in Nellore

Full Time

Sales & Business Development Department

3.0

• posted on 06 Nov 2024

3.0

for Salary and Benefits

Likes

Company was good and time to we get salary..

Dislikes

I have one year experience in this company what have seen is alot of politics in this area company say target some but they give add some other targets here higher official are not good that why we are suffering lot sir.

Job security - Poor

+3 more

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Muthoot Fincorp Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Muthoot Fincorp?

Business Development Manager salary at Muthoot Fincorp in India ranges between ₹2.5 Lakhs to ₹4.0 Lakhs for experience between 3 years to 10 years. According to our estimates it is 59% less than the average Business Development Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Muthoot Fincorp India.

How does the salary of a Business Development Manager at Muthoot Fincorp India compare with the average salary range for this job?

The average salary of a Business Development Manager at Muthoot Fincorp is 59% 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 Fincorp?

Target Achievement, Team Handling, Business Development Management, Sales Strategy and Customer Focus are some of the popular skills required to work as a Business Development Manager at Muthoot Fincorp India.

Which similar companies are paying more than Muthoot Fincorp to a Business Development Manager in India?

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
Spandana Sphoorty Financial Business Development Manager Salary - ₹8.0 Lakhs to ₹10.0 Lakhs per year
L&T Finance Business Development Manager Salary - ₹8.1 Lakhs to ₹13.4 Lakhs per year

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

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
Mahindra Finance Business Development Manager Salary - ₹2.3 Lakhs to ₹9.7 Lakhs per year
Aavas Financiers Business Development Manager Salary - ₹1.9 Lakhs to ₹7.0 Lakhs per year

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

The estimated take-home salary of a Business Development Manager at Muthoot Fincorp ranges between ₹22,452 per month to ₹23,929 per month in India. The take-home salary calculation is based on the average Muthoot Fincorp Business Development Manager salary in India which ranges between ₹2.5 Lakhs to ₹4.0 Lakhs per year for employees with experience between 3 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Business Development Manager at Muthoot Fincorp?

According to AmbitionBox, 50% of the Muthoot Fincorp Business Development Managers reported a notice period of 15 days or less, 38% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Muthoot Fincorp Business Development Manager Salaries

Muthoot Fincorp Business Development Manager salary in India ranges between ₹2.5 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Muthoot Fincorp latest salaries received from various employees of Muthoot Fincorp.