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Muthoot Risk Insurance and Broking Services Business Development Manager salaries in India

Annual salary range
2 - 12 years exp.
₹3 Lakhs - ₹4 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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53% less than the average Business Development Manager Salary in Financial Services Companies for 2 - 12 years of experience

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Salaries in different departments

Sales & Business Development
Business Development Manager Salary
3 - 12 years exp. (5 salaries)
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₹3 L/yr - ₹3.8 L/yr

BFSI, Investments & Trading
Business Development Manager Salary
7 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹3.6 L/yr

Last Updated: 7 Mar 2024

Companies similar to Muthoot Risk Insurance and Broking Services for Business Development Manager

Company name Avg Annual Salary Open Jobs
Logo
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₹1.8 L/yr - ₹5.5 L/yr

arrow icon 6% more
211 job openings
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HDFC Life Business Development Manager Salary

0 - 10 years exp. (1.4k salaries)

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₹1.8 L/yr - ₹5 L/yr

arrow icon 3% more
12 job openings
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₹3.5 L/yr - ₹11.9 L/yr

arrow icon 130% more
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Udaan Business Development Manager Salary

4 - 12 years exp. (250 salaries)

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₹1.9 L/yr - ₹8.2 L/yr

arrow icon 36% more
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TCS Business Development Manager Salary

2 - 16 years exp. (225 salaries)

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₹6.2 L/yr - ₹22.5 L/yr

arrow icon 300% more
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₹3 L/yr - ₹6 L/yr

arrow icon 22% more
2 job openings
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₹2 L/yr - ₹7.3 L/yr

arrow icon 43% more
3 job openings
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₹2.3 L/yr - ₹4.8 L/yr

arrow icon 5% more
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HDFC Bank Business Development Manager Salary

1 - 14 years exp. (133 salaries)

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₹2.5 L/yr - ₹12.4 L/yr

arrow icon 96% more
4 job openings
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ICICI Bank Business Development Manager Salary

0 - 8 years exp. (126 salaries)

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₹2 L/yr - ₹6.9 L/yr

arrow icon 85% more
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Axis Bank Business Development Manager Salary

0 - 8 years exp. (124 salaries)

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₹1.6 L/yr - ₹7.1 L/yr

arrow icon 9% more
1 job opening
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₹1.1 L/yr - ₹8.2 L/yr

arrow icon 9% more
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₹1.5 L/yr - ₹8 L/yr

arrow icon 32% more
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₹2.1 L/yr - ₹5 L/yr

arrow icon 14% less
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IBM Business Development Manager Salary

4 - 21 years exp. (19 salaries)

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₹11 L/yr - ₹38 L/yr

arrow icon 588% more
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₹1.8 L/yr - ₹4.1 L/yr

arrow icon 30% less
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Yes Bank Business Development Manager Salary

3 - 6 years exp. (11 salaries)

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₹4 L/yr - ₹10 L/yr

arrow icon 48% more
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Genpact Business Development Manager Salary

0 - 18 years exp. (8 salaries)

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₹5 L/yr - ₹12.5 L/yr

arrow icon 139% more
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₹1.8 L/yr - ₹5 L/yr

arrow icon 7% more
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₹3.4 L/yr - ₹10 L/yr

arrow icon 40% more
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Business Development Manager salary at Muthoot Risk Insurance and Broking Services ranges between ₹3 Lakhs to ₹4 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 8 latest salaries received from various employees of Muthoot Risk Insurance and Broking Services.

Latest annual salaries shared by Muthoot Risk Insurance and Broking Services Business Development Manager

10mo ago
₹3.4 Lakhs
8 years exp.
1y ago
₹3.4 Lakhs
7 years exp.
1y ago
₹3.8 Lakhs
12 years exp.
1y ago
₹4 Lakhs
2 years exp.
1y ago
₹3 Lakhs
3 years exp.
1y ago
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3 years exp.
1y ago
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7 years exp.
1y ago
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11 years exp.

Experience wise Muthoot Risk Insurance and Broking Services Business Development Manager salaries

Last Updated: 7 Mar 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
3 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
View all

Similar Designation salaries in Muthoot Risk Insurance and Broking Services

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₹4 L/yr - ₹5.15 L/yr
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₹13.5 L/yr - ₹17.3 L/yr
Branch Manager Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.3 L/yr

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Muthoot Risk Insurance and Broking Services Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Muthoot Risk Insurance and Broking Services ?
The average salary of a Business Development Manager at Muthoot Risk Insurance and Broking Services in India typically ranges from ₹3.0 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 2 years to 12 years).

The top 10% of Business Development Manager at Muthoot Risk Insurance and Broking Services earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Business Development Manager Salaries at Muthoot Risk Insurance and Broking Services 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 8 Muthoot Risk Insurance and Broking Services employees in India.
What is the estimated take home salary of a Business Development Manager at Muthoot Risk Insurance and Broking Services in India?
The estimated take-home salary of a Business Development Manager at Muthoot Risk Insurance and Broking Services in India typically ranges from ₹26,247 to ₹27,667 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 2 years to 12 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 8 salaries received from various employees of Muthoot Risk Insurance and Broking Services. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Muthoot Risk Insurance and Broking Services for Business Development Manager in India?
IBM ₹11.0 Lakhs to ₹38.0 Lakhs per year
TCS ₹6.2 Lakhs to ₹22.5 Lakhs per year
Barclays ₹7.5 Lakhs to ₹17.0 Lakhs per year
Genpact ₹5.0 Lakhs to ₹12.5 Lakhs per year
Standard Chartered ₹3.5 Lakhs to ₹11.9 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Muthoot Risk Insurance and Broking Services, depending on the role and experience level.
What is the salary of a Business Development Manager in companies similar to Muthoot Risk Insurance and Broking Services in India?
The salary of a Business Development Manager at companies similar to Muthoot Risk Insurance and Broking Services in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank ₹2.5 Lakhs to ₹12.4 Lakhs per year
ICICI Bank ₹2.0 Lakhs to ₹6.9 Lakhs per year
Ashok Leyland ₹2.5 Lakhs to ₹7.3 Lakhs per year
Yes Bank ₹4.0 Lakhs to ₹10.0 Lakhs per year
Axis Max Life Insurance ₹2.0 Lakhs to ₹7.3 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 Manager at Muthoot Risk Insurance and Broking Services in India?
The salary growth for a Business Development Manager at Muthoot Risk Insurance and Broking Services depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Muthoot Risk Insurance and Broking Services:

Experience Average Salary Range
2 years ₹3.2 Lakhs to ₹4.1 Lakhs per year
3 years ₹3.2 Lakhs to ₹4.1 Lakhs per year
4 years ₹3.2 Lakhs to ₹4.1 Lakhs per year
5 years ₹3.2 Lakhs to ₹4.1 Lakhs per year
and so on.

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Muthoot Risk Insurance and Broking Services Business Development Manager salary in India ranges between ₹3 Lakhs to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Muthoot Risk Insurance and Broking Services latest salaries received from various employees of Muthoot Risk Insurance and Broking Services.