SBI General Insurance Guntur Business Development Manager Salaries by 10+ Employees

0 - 7 years exp.

₹2.6 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

14% less than the average Business Development Manager Salary in Insurance Companies for 0 - 7 years of experience

Interested in this particular role? 13 job openings

Salaries in different departments

Sales & Business Development Business Development Manager Salary 1 - 4 years exp. (3 salaries)	₹2.6 L/yr - ₹4.2 L/yr
BFSI, Investments & Trading Business Development Manager Salary 3 - 6 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹4.2 L/yr
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Customer Success, Service & Operations Business Development Manager Salary 1 year exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4.2 L/yr
Marketing & Communication Business Development Manager Salary 4 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.2 L/yr

Last Updated: 6 Dec 2024

Companies similar to SBI General Insurance for Business Development Manager in Guntur

SBI General Insurance Business Development Manager Salary

0 - 7 years exp. (12 salaries)

₹2.6 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
Shriram Life Insurance Business Development Manager Salary 4 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹4 L/yr 10% less
Jai Kisan Business Development Manager Salary 2 - 7 years exp. (7 salaries)	₹2.2 L/yr - ₹4.3 L/yr 9% less
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Elite AAC Blocks Business Development Manager Salary 6 - 8 years exp. (3 salaries)	₹4.2 L/yr - ₹4.6 L/yr 21% more
IDFC FIRST Bank Business Development Manager Salary 4 - 8 years exp. (3 salaries)	₹2.5 L/yr - ₹3 L/yr 19% less
SBI Cards & Payment Services Business Development Manager Salary 2 - 5 years exp. (3 salaries)	₹2.4 L/yr - ₹3.8 L/yr 20% less

Business Development Manager salary at SBI General Insurance ranges between ₹2.6 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 12 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Business Development Manager salaries in Guntur

Last Updated: 6 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
1 year (3 salaries)	₹2.6 L/yr - ₹6 L/yr
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2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
4 years (3 salaries)	₹2.6 L/yr - ₹6.5 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr

View all

Top skills at SBI General Insurance for Business Development Manager

General Insurance Business Development Health Insurance Sales Development Motor Insurance Sales Agency Channel General Insurance Sales Agent Recruitment Health Insurance Agency Sales Insurance Broking Bancassurance General Insurance Insurance Sales

Salary related reviews for SBI General Insurance

3.0

Rated by 4 employees for salary & benefits

Business Development Manager in Gorakhpur

Full Time

Business Development Department

2.0

• posted on 17 Sep 2022

2.0

for Salary and Benefits

Likes

Like you can say... Working with branch managers , can see yourself always professional . People will treat you like banker.

Job security - Good

Dislikes

No growth and promotion No good salary Not ethical practices followed. Your boss treat you like slave... Officially as per HR policy every Saturday is off... But you have to work on each Saturday as per your boss. Nothing to learn .

Salary - Poor

+4 more

Business Development Manager in Gorakhpur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Apr 2023

3.0

for Salary and Benefits

Likes

Salary on time. Banca channel target goes on auto mode if you have good relationship with managers.

Job security - Good

+1 more

Dislikes

Overloaded targets, terrible managers. Considering Insurance sectors, plenty of works in your working time.Unwanted VCs by senior that can disturb your work flow each day. Salary is very less compared to other companies.

Skill development - Bad

+2 more

Business Development Manager in Vijayawada

Full Time

Insurance Department

5.0

• posted on 07 Jun 2021

4.0

for Salary and Benefits

Likes

...agement is transparent.there is a huge cafeteria and gaming arcade for chilling. Company policies are good , appraisals are fair and they give good salary hike , incentives and bonus every year

Salary - Good

+6 more

Business Development Manager in Yavatmal

BFSI, Investments & Trading Department

5.0

• posted on 16 Jun 2021

3.0

for Salary and Benefits

Likes

... helped me for booking businesses and other time, the management is transparent. Appraisal are also fair, but some places I demotivate due to my salary and expenses incentives. Appraisals are fair by management.

Skill development - Good

+5 more

Dislikes

Salary is soon poor related to job, it means working time is alot but salary is low. How can I submit my expenses from joining date to till today I am unable to submit my expenses and not sure it will approve or not. Incentives are made on the basis of budgets, my salary is very low I can not manage my family expenses from my salary what should I do. But I like this job because I am with a brand SBI General Insurance and happy with my work.

Sales Manager in Gwalior

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Jul 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about SBI General Insurance

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miraculouslemon

works at

SBI General Insurance

Rejection profile by HR At shortlisted company.

Hii, I want to change the industry from BFSI to oil and and automobile. But Hr is not shortlisting me and if HR shortlist me than o don’t get shortlisted by concerned manager. even I have knowledge and work experience in particular industry. How can I crack this now.

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SBI General Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at SBI General Insurance in Guntur?

The average salary of a Business Development Manager at SBI General Insurance in Guntur typically ranges from ₹2.6 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Business Development Manager in Guntur at SBI General Insurance earn more than ₹3.8 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Business Development Manager Salaries at SBI General Insurance 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 10+ SBI General Insurance employees in India.

What is the estimated take home salary of a Business Development Manager at SBI General Insurance in Guntur?

The estimated take-home salary of a Business Development Manager at SBI General Insurance in Guntur typically ranges from ₹27,096 to ₹28,503 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 7 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 10+ salaries received from various employees of SBI General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Business Development Manager at SBI General Insurance in Guntur?

To be a Business Development Manager at SBI General Insurance in Guntur, the key skills required include:

- General Insurance
- Business Development
- Health Insurance
- Sales Development
- Motor Insurance

These skills are highly valued at SBI General Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than SBI General Insurance for Business Development Manager in India?

Elite AAC Blocks

₹4.2 Lakhs to ₹4.6 Lakhs per year

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

What is the salary of a Business Development Manager in companies similar to SBI General Insurance in Guntur?

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

Jai Kisan	₹2.2 Lakhs to ₹4.3 Lakhs per year
Shriram Life Insurance	₹2.4 Lakhs to ₹4.0 Lakhs per year
IDFC FIRST Bank	₹2.5 Lakhs to ₹3.0 Lakhs per year
SBI Cards & Payment Services	₹2.4 Lakhs to ₹3.8 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 SBI General Insurance in Guntur?

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

Experience	Average Salary Range
Fresher	₹2.9 Lakhs to ₹3.7 Lakhs per year
1 year	₹2.6 Lakhs to ₹6.0 Lakhs per year
2 years	₹3.1 Lakhs to ₹3.9 Lakhs per year
3 years	₹3.2 Lakhs to ₹4.0 Lakhs per year

and so on.

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SBI General Insurance Business Development Manager Salaries in Guntur

SBI General Insurance Business Development Manager salary in Guntur ranges between ₹2.6 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 SBI General Insurance latest salaries received from various employees of SBI General Insurance.