NBFC BM Salaries by 4 Employees (Updated 2025)

3 - 15 years exp.

₹3 Lakhs - ₹6.4 Lakhs

Salary of majority employees

15% 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. (7 salaries)	₹7.2 L/yr - ₹17.6 L/yr 141% more
ICICI Bank BM Salary 7 - 12 years exp. (16 salaries)	₹3.5 L/yr - ₹10 L/yr 76% 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 - 10 years exp. (3 salaries)	₹5 L/yr - ₹7.6 L/yr 23% more
L&T Finance BM Salary 3 - 9 years exp. (11 salaries)	₹3.2 L/yr - ₹5.7 L/yr 7% less
Bharti AXA Life Insurance BM Salary 2 - 7 years exp. (6 salaries)	₹2.5 L/yr - ₹3 L/yr 46% 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
Cholamandalam MS General Insurance BM Salary 2 - 7 years exp. (5 salaries)	₹4.3 L/yr - ₹6.2 L/yr 2% more
Aditya Birla Sun Life Insurance BM Salary 11 - 19 years exp. (4 salaries)	₹8 L/yr - ₹12.8 L/yr 124% more
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Bajaj Allianz Life Insurance BM Salary 3 - 15 years exp. (4 salaries)	₹5.4 L/yr - ₹8 L/yr 36% more
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 10 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹6.5 L/yr 18% 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)

₹4 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…

Skill development - Good

+3 more

Dislikes

Work load and salary low

Salary - Poor

+1 more

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.

Salary - Excellent

+4 more

Dislikes

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

Work-life balance - 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

Salary - Good

+1 more

Dislikes

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

Job security - Poor

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.

Salary - Good

+6 more

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.

Salary - Excellent

+3 more

Dislikes

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

Work-life balance - Poor

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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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 15% 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 15% 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 ₹17.6 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
ICICI Bank BM Salary - ₹3.5 Lakhs to ₹10.0 Lakhs per year

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

SBI Life Insurance Company BM Salary - ₹6.3 Lakhs to ₹10.8 Lakhs per year
Reliance Nippon Life Insurance BM Salary - ₹8.0 Lakhs to ₹8.3 Lakhs per year
Bajaj Allianz Life Insurance BM Salary - ₹5.4 Lakhs to ₹8.0 Lakhs per year
Tata Capital BM Salary - ₹5.0 Lakhs to ₹7.6 Lakhs per year
Care Health Insurance BM Salary - ₹4.5 Lakhs to ₹6.5 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