SAMCO Securities Mumbai Business Development Manager Salaries by 6 Employees (Updated 2025)

1 - 4 years exp.

₹2.8 Lakhs - ₹5 Lakhs

Avg. annual salary

Monthly In-hand Salary

43% less than the average Business Development Manager Salary in Financial Services Companies for 1 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Manager Salary 2 - 3 years exp. (3 salaries)	₹4 L/yr - ₹5 L/yr
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Sales & Business Development Business Development Manager Salary 1 - 4 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹4.3 L/yr

Last Updated: 12 Mar 2025

Companies similar to SAMCO Securities for Business Development Manager in Mumbai

SAMCO Securities Business Development Manager Salary

1 - 4 years exp. (6 salaries)

₹2.8 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
Pamac Finserve Business Development Manager Salary 0 - 3 years exp. (4 salaries)	₹3.2 L/yr - ₹6 L/yr 8% more
Shriram Fortune Solutions Business Development Manager Salary 0 - 4 years exp. (3 salaries)	₹1.8 L/yr - ₹3.5 L/yr 29% less
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IndusInd Bank Business Development Manager Salary 0 - 8 years exp. (194 salaries)	₹2 L/yr - ₹5 L/yr 10% less	206 job openings
HDFC Life Business Development Manager Salary 0 - 10 years exp. (190 salaries)	₹1.9 L/yr - ₹5 L/yr 12% less	11 job openings
BYJU'S Business Development Manager Salary 1 - 7 years exp. (126 salaries)	₹4.5 L/yr - ₹16.6 L/yr 137% more

Business Development Manager salary at SAMCO Securities ranges between ₹2.8 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 6 latest salaries received from various employees of SAMCO Securities.

Experience wise SAMCO Securities Business Development Manager salaries in Mumbai

Last Updated: 12 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
2 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.7 L/yr
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3 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
4 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr

Similar Designation salaries in SAMCO Securities

Relationship Manager Salary

(20 salaries)

₹4.75 L/yr - ₹6.25 L/yr

Team Lead Salary

(15 salaries)

₹2.05 L/yr - ₹6.87 L/yr

Sales Executive Salary

(12 salaries)

₹1.45 L/yr - ₹2.42 L/yr

Deputy Manager Salary

(3 salaries)

₹7.4 L/yr - ₹9.4 L/yr

Marketing Manager Salary

(3 salaries)

₹6 L/yr - ₹12 L/yr

Salary related reviews for SAMCO Securities

3.0

Rated by 2 employees for salary & benefits

Deputy Manager in Mumbai

Full Time

Marketing & Communication Department

2.0

• posted on 28 Jul 2023

2.0

for Salary and Benefits

Likes

Nothing

Job security - Good

Dislikes

Work is mostly things outside of KPI. You have to work on anything and everything. Extended work hours without compensation and recognition is common. You grow your knowledge but in unnecessary things.

Salary - Poor

+5 more

Senior PHP Developer in Mumbai

Full Time

Engineering - Software & QA Department

3.0

• posted on 24 May 2022

3.0

for Salary and Benefits

Likes

- sat sun fixed of for IT team . - good work culture - good colleagueas - supportive and helpful seniors - great environment to learn

Job security - Good

Dislikes

- less increment - less recognition for your work - salary late sometimes due to some irresponsible employees - they pay half salary during notice period

Promotions - Poor

Software Engineer in Mumbai And Chennai

Full Time

Engineering - Software & QA Department

5.0

• posted on 29 Jan 2022

3.0

for Salary and Benefits

Likes

...ove your talent of IT KNOWLEDGE here.good TL's and Good management.normal hike.but if you are prove your stuff they give compensation,monthly one leave and weekly 5 days work.life balance are good.

Skill development - Excellent

+5 more

Dislikes

It's an agile environment sometimes while build release all are very fast...Sometimes it not to adapt with our self

Account Opening Executive in Mumbai

Finance & Accounting Department

1.0

• posted on 11 Nov 2021

1.0

for Salary and Benefits

Likes

...h no scope in job no job security no learning on job don't waste time in go any other discount broking firm where salary is genuine

Dislikes

Salry is 10k in hand what should I say 9 hours working hours for this salary is 10k

Salary - Bad

+6 more

Marketing Manager in Mumbai

Full Time

Marketing & Communication Department

2.0

• posted on 18 Apr 2024

1.0

for Salary and Benefits

Likes

Company culture lacks transparency, Work life balance is myth where you can subscribe to doctor services for anxiety and aggressive behaviour which is taught by senior leadership team, best part about working in Samco is you can see classic headless leadership which results in confusion, inconsistency and lack of direction within the organisation.

Dislikes

No Growth Opportunities, lack of investment in infra for customer facing systems leading to system outage almost every fortnight, funniest part is when your CTO admits how the clients are still associate with Samco despite all these issues are a surprise to him then imagine how would junior executives like us would be managing things around

Salary - Bad

+6 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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SAMCO Securities Business Development Manager Salary FAQs

What is the salary of Business Development Manager at SAMCO Securities in Mumbai?

The average salary of a Business Development Manager at SAMCO Securities in Mumbai typically ranges from ₹2.8 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Business Development Manager in Mumbai at SAMCO Securities earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Business Development Manager Salaries at SAMCO Securities 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 6 SAMCO Securities employees in India.

What is the estimated take home salary of a Business Development Manager at SAMCO Securities in Mumbai?

The estimated take-home salary of a Business Development Manager at SAMCO Securities in Mumbai typically ranges from ₹31,235 to ₹32,531 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year to 4 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 6 salaries received from various employees of SAMCO Securities. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SAMCO Securities for Business Development Manager in India?

BYJU'S	₹4.5 Lakhs to ₹16.6 Lakhs per year
Pamac Finserve	₹3.2 Lakhs to ₹6.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SAMCO Securities, depending on the role and experience level.

What is the salary of a Business Development Manager in companies similar to SAMCO Securities in Mumbai?

The salary of a Business Development Manager at companies similar to SAMCO Securities in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IndusInd Bank	₹2.0 Lakhs to ₹5.0 Lakhs per year
HDFC Life	₹1.9 Lakhs to ₹5.0 Lakhs per year
Shriram Fortune Solutions	₹1.8 Lakhs to ₹3.5 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 Securities in Mumbai?

The salary growth for a Business Development Manager at SAMCO Securities in Mumbai depends on factors such as experience, performance, and promotions. On average, a Business Development Manager in Mumbai can expect the following growth trajectory at SAMCO Securities:

Experience	Average Salary Range
1 year	₹3.6 Lakhs to ₹4.6 Lakhs per year
2 years	₹3.6 Lakhs to ₹4.7 Lakhs per year
3 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
4 years	₹3.8 Lakhs to ₹4.8 Lakhs per year

and so on.

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SAMCO Securities Business Development Manager Salaries in Mumbai

SAMCO Securities Business Development Manager salary in Mumbai ranges between ₹2.8 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 SAMCO Securities latest salaries received from various employees of SAMCO Securities.