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Muthoot Risk Insurance and Broking Services Business Development Officer salaries in India (Updated 2025)

Annual salary range
3 - 6 years exp.
₹3.2 Lakhs - ₹3.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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10% less than the average Business Development Officer Salary in Financial Services Companies for 3 - 6 years of experience

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Last Updated: 27 Feb 2025

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

Company name Avg Annual Salary Open Jobs
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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

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HDFC Bank Business Development Officer Salary

0 - 6 years exp. (181 salaries)

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₹1.3 L/yr - ₹3.6 L/yr

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1 job opening
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₹1.1 L/yr - ₹4 L/yr

arrow icon 30% less
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Axis Bank Business Development Officer Salary

0 - 5 years exp. (59 salaries)

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₹1.7 L/yr - ₹3.6 L/yr

arrow icon 23% less
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Udaan Business Development Officer Salary

2 - 9 years exp. (57 salaries)

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₹2.5 L/yr - ₹4.7 L/yr

arrow icon 6% more
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₹1.8 L/yr - ₹4 L/yr

arrow icon 15% less
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₹2.4 L/yr - ₹5 L/yr

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₹1.8 L/yr - ₹3.7 L/yr

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₹2.8 L/yr - ₹4 L/yr

At par
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₹1.8 L/yr - ₹3 L/yr

arrow icon 21% less
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Yes Bank Business Development Officer Salary

0 - 5 years exp. (5 salaries)

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₹0.6 L/yr - ₹2.4 L/yr

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₹1.4 L/yr - ₹3 L/yr

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₹1.7 L/yr - ₹4 L/yr

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₹1.2 L/yr - ₹3.5 L/yr

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₹2.3 L/yr - ₹2.6 L/yr

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₹1.8 L/yr - ₹5.4 L/yr

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₹2.1 L/yr - ₹3.5 L/yr

arrow icon 12% less
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₹1.2 L/yr - ₹3.5 L/yr

arrow icon 29% less
Business Development Officer salary at Muthoot Risk Insurance and Broking Services ranges between ₹3.2 Lakhs to ₹3.5 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 4 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 Officer

2d ago
₹3.5 Lakhs
6 years exp.
1y ago
₹3.5 Lakhs
3 years exp.
1y ago
₹3.2 Lakhs
6 years exp.
1y ago
₹3.2 Lakhs
5 years exp.

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

Last Updated: 27 Feb 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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

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₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr

Similar Designation salaries in Muthoot Risk Insurance and Broking Services

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₹3 L/yr - ₹4 L/yr
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₹4 L/yr - ₹5.15 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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₹13.5 L/yr - ₹17.3 L/yr

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Muthoot Risk Insurance and Broking Services Business Development Officer Salary FAQs

What is the salary of Business Development Officer at Muthoot Risk Insurance and Broking Services ?
The average salary of a Business Development Officer at Muthoot Risk Insurance and Broking Services in India typically ranges from ₹3.2 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Business Development Officer at Muthoot Risk Insurance and Broking Services earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Business Development Officer 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 4 Muthoot Risk Insurance and Broking Services employees in India.
What is the estimated take home salary of a Business Development Officer at Muthoot Risk Insurance and Broking Services in India?
The estimated take-home salary of a Business Development Officer at Muthoot Risk Insurance and Broking Services in India typically ranges from ₹24,310 to ₹25,759 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 3 years to 6 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 4 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 Officer in India?
AU Small Finance Bank ₹1.8 Lakhs to ₹5.4 Lakhs per year
Standard Chartered ₹2.4 Lakhs to ₹5.0 Lakhs per year
Udaan ₹2.5 Lakhs to ₹4.7 Lakhs per year
ICICI Prudential Life Insurance ₹2.8 Lakhs to ₹4.0 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 Officer in companies similar to Muthoot Risk Insurance and Broking Services in India?
The salary of a Business Development Officer 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 Life ₹2.1 Lakhs to ₹3.5 Lakhs per year
Kotak Mahindra Bank ₹1.8 Lakhs to ₹4.0 Lakhs per year
IndusInd Bank ₹1.8 Lakhs to ₹3.0 Lakhs per year
Axis Bank ₹1.7 Lakhs to ₹3.6 Lakhs per year
Bandhan Bank ₹1.7 Lakhs to ₹4.0 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 Risk Insurance and Broking Services in India?
The salary growth for a Business Development Officer at Muthoot Risk Insurance and Broking Services depends on factors such as experience, performance, and promotions. On average, a Business Development Officer can expect the following growth trajectory at Muthoot Risk Insurance and Broking Services:

Experience Average Salary Range
3 years ₹3.2 Lakhs to ₹4.0 Lakhs per year
5 years ₹2.9 Lakhs to ₹3.7 Lakhs per year
6 years ₹3.0 Lakhs to ₹3.9 Lakhs per year
and so on.

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Muthoot Risk Insurance and Broking Services Business Development Officer salary in India ranges between ₹3.2 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Muthoot Risk Insurance and Broking Services latest salaries received from various employees of Muthoot Risk Insurance and Broking Services.