Muthoot Group Business Development Manager Salaries by 10+ Employees (Updated 2025)

3 - 12 years exp.

₹2.4 Lakhs - ₹6.6 Lakhs

Salary of majority employees

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55% less than the average Business Development Manager Salary in Financial Services Companies for 3 - 12 years of experience

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Salaries in different departments

Sales & Business Development Business Development Manager Salary 3 - 12 years exp. (12 salaries)	Unlock ₹2.4 L/yr - ₹6.6 L/yr
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BFSI, Investments & Trading Business Development Manager Salary 5 years exp. (AmbitionBox Estimate)	Unlock ₹4.2 L/yr - ₹5.4 L/yr

Last Updated: 26 Sep 2024

Companies similar to The Muthoot Group for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Business Development Manager Salary 0 - 9 years exp. (31 salaries)	Unlock ₹2 L/yr - ₹3.8 L/yr 14% less
Bajaj Finance Business Development Manager Salary 4 - 5 years exp. (4 salaries)	Unlock ₹2.5 L/yr - ₹4.8 L/yr 17% more
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HDFC Bank Business Development Manager Salary 1 - 13 years exp. (125 salaries)	Unlock ₹2 L/yr - ₹10 L/yr 68% more
ICICI Bank Business Development Manager Salary 1 - 10 years exp. (109 salaries)	Unlock ₹2.1 L/yr - ₹8.9 L/yr 68% more
Axis Bank Business Development Manager Salary 0 - 10 years exp. (125 salaries)	Unlock ₹1.4 L/yr - ₹7 L/yr 23% more
Kotak Mahindra Bank Business Development Manager Salary 1 - 10 years exp. (46 salaries)	Unlock ₹1.5 L/yr - ₹8 L/yr 29% more
Tata Capital Business Development Manager Salary 2 - 5 years exp. (5 salaries)	Unlock ₹5.5 L/yr - ₹15.5 L/yr 242% more
Aditya Birla Capital Business Development Manager Salary 0 - 13 years exp. (84 salaries)	Unlock ₹3.4 L/yr - ₹7.5 L/yr 34% more
L&T Finance Business Development Manager Salary 2 - 5 years exp. (7 salaries)	Unlock ₹8.1 L/yr - ₹13.4 L/yr 170% more
Citicorp Business Development Manager Salary 1 - 11 years exp. (50 salaries)	Unlock ₹9.3 L/yr - ₹36 L/yr 535% more
Motilal Oswal Financial Services Business Development Manager Salary 1 - 8 years exp. (35 salaries)	Unlock ₹2.2 L/yr - ₹9 L/yr 50% more
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American Express Business Development Manager Salary 4 - 10 years exp. (25 salaries)	Unlock ₹3 L/yr - ₹9 L/yr 87% more
ICICI Securities Business Development Manager Salary 1 - 13 years exp. (12 salaries)	Unlock ₹3.5 L/yr - ₹8 L/yr 90% more
HDFC Sales Business Development Manager Salary 2 - 6 years exp. (12 salaries)	Unlock ₹2.4 L/yr - ₹4 L/yr 6% less
HSBC Group Business Development Manager Salary 0 - 7 years exp. (6 salaries)	Unlock ₹12 L/yr - ₹35 L/yr 506% more	2 job openings
Bajaj Finserv Business Development Manager Salary 1 - 7 years exp. (5 salaries)	Unlock ₹3 L/yr - ₹6.5 L/yr 17% more
Bajaj Capital Business Development Manager Salary 2 - 12 years exp. (5 salaries)	Unlock ₹2.5 L/yr - ₹6.2 L/yr 45% more
Cholamandalam Investment & Finance Business Development Manager Salary 4 - 7 years exp. (5 salaries)	Unlock ₹1.9 L/yr - ₹6 L/yr 11% less
JPMorgan Chase & Co. Business Development Manager Salary 0 - 3 years exp. (5 salaries)	Unlock ₹23.1 L/yr - ₹58 L/yr 952% more
Aon Business Development Manager Salary 1 - 12 years exp. (4 salaries)	Unlock ₹5 L/yr - ₹13 L/yr 194% more

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Business Development Manager salary at The Muthoot Group ranges between ₹2.4 Lakhs to ₹6.6 Lakhs per year for employees with experience between 3 years to 12 years. Salary estimates are based on 14 latest salaries received from various employees of The Muthoot Group.

Latest annual salaries shared by The Muthoot Group Business Development Manager

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7 years exp.

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11 years exp.

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11 years exp.

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4 years exp.

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4 years exp.

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7 years exp.

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10 years exp.

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8 years exp.

Experience wise Muthoot Group Business Development Manager salaries

Last Updated: 26 Sep 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹5.9 L/yr
4 years (3 salaries)	Unlock ₹2.4 L/yr - ₹3.6 L/yr
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5 years (AmbitionBox Estimate)	Unlock ₹1.3 L/yr - ₹5.4 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹3.1 L/yr - ₹3.9 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹1.4 L/yr - ₹4.8 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹1.4 L/yr - ₹3.6 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹3.1 L/yr - ₹4 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹1.4 L/yr - ₹6 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹1.4 L/yr - ₹6.6 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹1.4 L/yr - ₹4.6 L/yr

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Similar Designation salaries in The Muthoot Group

Senior Business Development Manager Salary

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₹9 L/yr - ₹11 L/yr

Business Development Executive Salary

(16 salaries)

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₹1.75 L/yr - ₹4 L/yr

Zonal Sales Manager Salary

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₹5.4 L/yr - ₹9.8 L/yr

Assistant Sales Manager Salary

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₹3.5 L/yr - ₹6.25 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr

Area Sales Manager Salary

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₹4.2 L/yr - ₹8.2 L/yr

Territory Sales Manager Salary

(AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

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₹4.5 L/yr - ₹5.8 L/yr

Deputy Manager Salary

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₹3.6 L/yr - ₹6.35 L/yr

Regional Manager Salary

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₹8.33 L/yr - ₹20 L/yr

Top skills at The Muthoot Group for Business Development Manager

Sales Management Business Development Management Business Development Management Lead Generation Promotions Marketing Sales Financial Services Investment Sales Management Sales Financial Services Banking Marketing Insurance

Salary related reviews for The Muthoot Group

1.4

Rated by 3 employees for salary & benefits

Branch Manager in Bangalore / Bengaluru

Full Time

Other Department

3.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Job security and staffs

Skill development - Good

+2 more

Dislikes

Branch ambience why we should maintain personally, company has to keep seperate person, Salary and increments and incentives are not paying properly and deductions for everything it's very bad culture, who will do wantedly all the irregularities.

Promotions - Poor

+1 more

Branch Manager in Tiptur

Sales & Business Development Department

2.0

• posted on 02 Nov 2022

3.0

for Salary and Benefits

Likes

No comments

Dislikes

This is the number one cost cutting company, their is no life for future and bottom line of staff do every work like sale and operation and aslo sales like mutual fund and diffirenciate between metro and onmetro salary.

Skill development - Poor

+4 more

Senior Sales Executive in Nellore

Sales & Business Development Department

5.0

• posted on 23 Jul 2020

5.0

for Salary and Benefits

Likes

...agement is transparent. There is huge cafeteria and gaming arcade for chilling. Company policies are good appricials are fair and they give good salary and bonus every year.

Salary - Excellent

+5 more

Dislikes

Nothing

Branch Manager in Thiruvananthapuram

Muthoot Finance Department

5.0

• posted on 15 Mar 2018

5.0

for Salary and Benefits

Likes

...eving our branch targets .Insurance products,gold loan ,NCD,are the main areas .Job security and good salary growth provided in Muthoot group

Salary - Excellent

+6 more

Dislikes

.work environment is Monday to Saturday timing is 8.30 to 5.30 and Most Sunday’s have any training process there .In branch if alarm system working at any time most probably in night I will be there at night to open the branch and Sunday visit in branch for 10 minibus is compalsary for the managers only.

Accounts Associate in New Delhi

Full Time

Finance & Accounting Department

1.0

• posted on 06 Oct 2024

1.0

for Salary and Benefits

Likes

Salary on time.

Dislikes

No work life balance, late sitting, unnecessary pressure, 2 years employment bond, job with financial risks, rupe behaving seniors, no professionalism, no diversity support, office politics, there is no timings to go home after the shift over, you cannot late a minute to report your duties if you do even 1 minute late your half day salary will be gone, very less salary, discrimination, no good appraisals, it is like a lala ki dukan, no staff security, staff can be beaten and threatened by the customers, at the time of interview the roles and responsibilities are different but after joining and signing 2 years of bond everything gets change, they do not follow labour laws at many times, they take more than 90days to complete your FNF settlement, they provide your relieving and exp letter after 90days from your last working day, no employee engagement activities are performed, a person is working since 7 years but he only reached at 45k/month, unsupportive company, unsupportive upper management, sometimes colleagues are also unsupportive, they give CL/EL to employees but not approve the same at many times. There are many things I can still write here.

Salary - Bad

+5 more

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The Muthoot Group Business Development Manager Salary FAQs

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

Business Development Manager salary at Muthoot Group in India ranges between ₹2.4 Lakhs to ₹6.6 Lakhs for experience between 3 years to 12 years. According to our estimates it is 55% less than the average Business Development Manager Salary in India. Salary estimates are based on 14 latest salaries received from various employees of Muthoot Group India.

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

The average salary of a Business Development Manager at Muthoot Group is 55% 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 Group?

Sales Management, Business Development Management, Business Development Management, Lead Generation and Promotions are some of the popular skills required to work as a Business Development Manager at Muthoot Group India.

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

Wells Fargo Business Development Manager Salary - ₹30.0 Lakhs to ₹45.0 Lakhs per year
JPMorgan Chase & Co. Business Development Manager Salary - ₹23.1 Lakhs to ₹58.0 Lakhs per year
Citicorp Business Development Manager Salary - ₹9.3 Lakhs to ₹36.0 Lakhs per year
HSBC Group Business Development Manager Salary - ₹12.0 Lakhs to ₹35.0 Lakhs per year
Tata Capital Business Development Manager Salary - ₹5.5 Lakhs to ₹15.5 Lakhs per year

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

Aon Business Development Manager Salary - ₹5.0 Lakhs to ₹13.0 Lakhs per year
L&T Finance Business Development Manager Salary - ₹8.1 Lakhs to ₹13.4 Lakhs per year
ICICI Securities Business Development Manager Salary - ₹3.5 Lakhs to ₹8.0 Lakhs per year
American Express Business Development Manager Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year
ICICI Bank Business Development Manager Salary - ₹2.1 Lakhs to ₹8.9 Lakhs per year

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

The estimated take-home salary of a Business Development Manager at Muthoot Group ranges between ₹24,684 per month to ₹26,128 per month in India. The take-home salary calculation is based on the average Muthoot Group Business Development Manager salary in India which ranges between ₹2.4 Lakhs to ₹6.6 Lakhs per year for employees with experience between 3 years to 12 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 60% of the Muthoot Group Business Development Managers reported a notice period of 1 Month, 40% reported a notice period of 3 Months.This is based on 5 responses on AmbitionBox in last 2 years.

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Muthoot Group Business Development Manager Salaries

The Muthoot Group Business Development Manager salary in India ranges between ₹2.4 Lakhs to ₹6.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 The Muthoot Group latest salaries received from various employees of The Muthoot Group.