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Samco Mutual Fund Business Development Manager salaries in India

Annual salary range
0 - 14 years exp.
₹3 Lakhs - ₹8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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25% less than the average Business Development Manager Salary in Financial Services Companies for 0 - 14 years of experience

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Last Updated: 22 Nov 2024

Companies similar to Samco Mutual Fund for Business Development Manager

Company name Avg Annual Salary Open Jobs
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₹2.5 L/yr - ₹6 L/yr

arrow icon 22% less
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₹4.7 L/yr - ₹7.2 L/yr

arrow icon 5% less
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₹1.5 L/yr - ₹2.2 L/yr

arrow icon 69% less
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₹9 L/yr - ₹11.5 L/yr

arrow icon 77% more
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₹3.2 L/yr - ₹5 L/yr

arrow icon 22% less
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₹7 L/yr - ₹10 L/yr

arrow icon 41% more
Business Development Manager salary at Samco Mutual Fund ranges between ₹3 Lakhs to ₹8 Lakhs per year for employees with less than 1 year of experience to 14 years. Salary estimates are based on 5 latest salaries received from various employees of Samco Mutual Fund.

Latest annual salaries shared by Samco Mutual Fund Business Development Manager

3mo ago
₹3 Lakhs
2 months exp.
7mo ago
₹4.5 Lakhs
1 year exp.
9mo ago
₹3.3 Lakhs
5 months exp.
1y ago
₹4.9 Lakhs
5 years exp.
1y ago
₹8 Lakhs
14 years exp.

Experience wise Samco Mutual Fund Business Development Manager salaries

Last Updated: 22 Nov 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3 L/yr - ₹7 L/yr
1 year (AmbitionBox Estimate)

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₹1.7 L/yr - ₹4.5 L/yr
2 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.1 L/yr
3 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹5.4 L/yr
4 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹5.6 L/yr
View all

Similar Designation salaries in Samco Mutual Fund

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₹6.3 L/yr - ₹8 L/yr
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₹4.8 L/yr - ₹6.1 L/yr
Area Sales Manager Salary
(AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.6 L/yr
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₹8 L/yr - ₹8 L/yr
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₹2.75 L/yr - ₹9 L/yr
Area Manager Salary
(5 salaries)
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₹7.2 L/yr - ₹10.75 L/yr

Salary related reviews for Samco Mutual Fund

4.2

Rated by 4 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 18 Oct 2024

4.0
 for  Salary and Benefits

Likes

I enjoyed the exposure to financial markets and the opportunity to build relationships with clients and distributors. It was a dynamic role that helped me develop strong interpersonal and sales skills while deepening my understanding of mutual funds.

read more
  • Salary - Good
  • +6 more

Dislikes

The role involved extensive fieldwork and frequent travel, which became quite taxing over time. Sometimes, the high-pressure environment to meet sales targets made it challenging to maintain a work-life balance.

read more
see more salary related reviews

Samco Mutual Fund Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Samco Mutual Fund ?
The average salary of a Business Development Manager at Samco Mutual Fund in India typically ranges from ₹3.0 Lakhs to ₹8.0 Lakhs per year, depending on experience (from Fresher to 14 years).

The top 10% of Business Development Manager at Samco Mutual Fund earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Business Development Manager Salaries at Samco Mutual Fund 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 5 Samco Mutual Fund employees in India.
What is the estimated take home salary of a Business Development Manager at Samco Mutual Fund in India?
The estimated take-home salary of a Business Development Manager at Samco Mutual Fund in India typically ranges from ₹42,848 to ₹43,971 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from Fresher to 14 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 5 salaries received from various employees of Samco Mutual Fund. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Samco Mutual Fund for Business Development Manager in India?
Nivara Home Finance ₹9.0 Lakhs to ₹11.5 Lakhs per year
Chqbook.com ₹7.0 Lakhs to ₹10.0 Lakhs per year

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

Biz Secure Lab ₹4.7 Lakhs to ₹7.2 Lakhs per year
India Ratings & Research ₹2.5 Lakhs to ₹6.0 Lakhs per year
Choice Equity Broking ₹3.2 Lakhs to ₹5.0 Lakhs per year
Sonata Finance ₹1.5 Lakhs to ₹2.2 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 Samco Mutual Fund in India?
The salary growth for a Business Development Manager at Samco Mutual Fund depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Samco Mutual Fund:

Experience Average Salary Range
Fresher ₹3.0 Lakhs to ₹7.0 Lakhs per year
1 year ₹1.7 Lakhs to ₹4.5 Lakhs per year
2 years ₹4.0 Lakhs to ₹5.1 Lakhs per year
3 years ₹4.2 Lakhs to ₹5.4 Lakhs per year
and so on.

Tell us how to improve this page.

Samco Mutual Fund Business Development Manager salary in India ranges between ₹3 Lakhs to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Samco Mutual Fund latest salaries received from various employees of Samco Mutual Fund.