NBFC BM Salaries by 4 Employees (Updated 2024)

3 - 15 years exp.

₹3 Lakhs - ₹6.4 Lakhs

Salary of majority employees

14% less than the average BM Salary in Insurance Companies for 3 - 15 years of experience

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Salaries in different departments

Finance & Accounting BM Salary 15 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.7 L/yr
Production, Manufacturing & Engineering BM Salary 3 years exp. (AmbitionBox Estimate)	₹5.7 L/yr - ₹7 L/yr
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Sales & Business Development BM Salary 8 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 15 Mar 2023

Companies similar to NBFC for BM

Company name	Avg Annual Salary	Open Jobs
HDFC Bank BM Salary 10 - 18 years exp. (8 salaries)	₹7.2 L/yr - ₹21 L/yr 141% more
ICICI Bank BM Salary 7 - 12 years exp. (15 salaries)	₹3.5 L/yr - ₹8.1 L/yr 64% more
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Axis Bank BM Salary 4 - 6 years exp. (4 salaries)	₹2.1 L/yr - ₹4.5 L/yr 25% less
Kotak Mahindra Bank BM Salary 11 - 13 years exp. (5 salaries)	₹7.1 L/yr - ₹14.5 L/yr 110% more
Tata Capital BM Salary 6 - 8 years exp. (3 salaries)	₹4.8 L/yr - ₹5.5 L/yr 4% more
L&T Finance BM Salary 3 - 9 years exp. (9 salaries)	₹3.2 L/yr - ₹5.7 L/yr 10% less
Shriram Finance BM Salary 0 - 16 years exp. (7 salaries)	₹2.8 L/yr - ₹5.3 L/yr 16% less
HDFC Life BM Salary 9 - 15 years exp. (6 salaries)	₹6 L/yr - ₹11.5 L/yr 89% more
Reliance Nippon Life Insurance BM Salary 10 - 17 years exp. (5 salaries)	₹8 L/yr - ₹8.3 L/yr 66% more
Aditya Birla Sun Life Insurance BM Salary 11 - 19 years exp. (4 salaries)	₹8 L/yr - ₹12.8 L/yr 124% more
Bajaj Allianz Life Insurance BM Salary 3 - 15 years exp. (4 salaries)	₹5.4 L/yr - ₹8 L/yr 36% more
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SBI Life Insurance Company BM Salary 12 - 16 years exp. (4 salaries)	₹6.3 L/yr - ₹10.8 L/yr 75% more
Care Health Insurance BM Salary 11 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹6.3 L/yr 10% more
ICICI Prudential Life Insurance BM Salary 5 - 10 years exp. (3 salaries)	₹5 L/yr - ₹6.8 L/yr 18% more

BM salary at NBFC ranges between ₹3 Lakhs to ₹6.4 Lakhs per year for employees with experience between 3 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of NBFC.

Experience wise NBFC BM salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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8 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
15+ years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr

Similar Designation salaries in NBFC

Sales Executive Salary

(15 salaries)

₹0.2 L/yr - ₹3.1 L/yr

Customer Care Executive Salary

(8 salaries)

₹1.2 L/yr - ₹2.5 L/yr

Area Manager Salary

(7 salaries)

₹5.4 L/yr - ₹12.6 L/yr

Team Lead Salary

(6 salaries)

₹1.8 L/yr - ₹3 L/yr

Operations Executive Salary

(6 salaries)

₹2.2 L/yr - ₹3 L/yr

Relationship Executive Salary

(5 salaries)

₹2 L/yr - ₹3.6 L/yr

Deputy Manager Salary

(5 salaries)

₹2 L/yr - ₹7 L/yr

Business Operations Manager Salary

(4 salaries)

₹4.3 L/yr - ₹10.5 L/yr

Loan Officer Salary

(4 salaries)

₹2.2 L/yr - ₹2.65 L/yr

Field Officer Salary

(4 salaries)

₹2.05 L/yr - ₹3.2 L/yr

Salary related reviews for NBFC

Back Office Executive in Jaipur

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 02 Jul 2024

2.0

for Salary and Benefits

Likes

Nbfc are hell for anyone…some of target and money greedy companies wants 100% for employee and want from them to work overtime no holiday in closings and if any festival comes in closing they will not give holiday.. If your employee is not happy how could he work better…

Dislikes

Work load and salary low

Bajaj Finance Limited in Mumbai

Asset Based Finance . FD . Secured and Unsecured Loans both.. Department

5.0

• posted on 22 Apr 2019

5.0

for Salary and Benefits

Likes

...gement is very demanding. It's very tough and challenging for middle Management. Compensation , R&R , salary increment is better then competition.

Dislikes

Higher management is very demanding. It's very tough and challenging for middle Management. Work Life balance is poor.

Assistant Manager

Sales & Business Development Department

4.0

• posted on 04 Oct 2017

4.0

for Salary and Benefits

Likes

Highly motivated teams, proper training, innovations in marketing, helps for a strong foundation in career growth are good aspects

Dislikes

No job security and less career growth less salary, bad work-life balance

Assistant Manager in Gurgaon / Gurugram

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 20 Apr 2022

4.0

for Salary and Benefits

Likes

Yeah company policy and work managment are really great because I joined 2017 and now I m working same company.

Dislikes

Not any particular as always there is two thing's of anything but it's depend on us that how can we manage or balanced.

Senior Area Collection Manager in Wani

BFSI, Investments & Trading Department

5.0

• posted on 28 Oct 2021

5.0

for Salary and Benefits

Likes

i like the working culture of NBFC in collection segment. as well as there is fast career growth based on performance along with salary increment.

Dislikes

In NBFC their is problem of holiday as compare to banking sector.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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NBFC BM Salary FAQs

What is the salary of BM at NBFC?

BM salary at NBFC in India ranges between ₹3.0 Lakhs to ₹6.4 Lakhs for experience between 3 years to 15 years. According to our estimates it is 14% less than the average BM Salary in India. Salary estimates are based on 4 latest salaries received from various employees of NBFC India.

How does the salary of a BM at NBFC India compare with the average salary range for this job?

The average salary of a BM at NBFC is 14% less than the average salary of a BM in India. To know exact salary insights, login to view.

Which similar companies are paying more than NBFC to a BM in India?

HDFC Bank BM Salary - ₹7.2 Lakhs to ₹21.0 Lakhs per year
Aditya Birla Sun Life Insurance BM Salary - ₹8.0 Lakhs to ₹12.8 Lakhs per year
Kotak Mahindra Bank BM Salary - ₹7.1 Lakhs to ₹14.5 Lakhs per year
HDFC Life BM Salary - ₹6.0 Lakhs to ₹11.5 Lakhs per year
SBI Life Insurance Company BM Salary - ₹6.3 Lakhs to ₹10.8 Lakhs per year

What is the salary of a BM in companies similar to NBFC in India?

Reliance Nippon Life Insurance BM Salary - ₹8.0 Lakhs to ₹8.3 Lakhs per year
ICICI Bank BM Salary - ₹3.5 Lakhs to ₹8.1 Lakhs per year
Bajaj Allianz Life Insurance BM Salary - ₹5.4 Lakhs to ₹8.0 Lakhs per year
ICICI Prudential Life Insurance BM Salary - ₹5.0 Lakhs to ₹6.8 Lakhs per year
Care Health Insurance BM Salary - ₹4.5 Lakhs to ₹6.3 Lakhs per year

What is the estimated take home salary of a BM at NBFC in India?

The estimated take-home salary of a BM at NBFC ranges between ₹36,861 per month to ₹38,073 per month in India. The take-home salary calculation is based on the average NBFC BM salary in India which ranges between ₹3.0 Lakhs to ₹6.4 Lakhs per year for employees with experience between 3 years to 15 years. Check how did we calculate take home salary?

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NBFC BM Salaries by Location

NBFC BM salary in India ranges between ₹3 Lakhs to ₹6.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 NBFC latest salaries received from various employees of NBFC.

NBFC BM salaries in India

Companies similar to NBFC for BM

Latest annual salaries shared by NBFC BM

Experience wise NBFC BM salaries

Similar Designation salaries in NBFC

Salary related reviews for NBFC

Back Office Executive in Jaipur

Bajaj Finance Limited in Mumbai

Assistant Manager

Assistant Manager in Gurgaon / Gurugram

Senior Area Collection Manager in Wani

NBFC BM Salary FAQs

Tell us how to improve this page.

NBFC BM Salaries by Location