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SBI Life Insurance Company

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3.8

based on 3.6k Reviews

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SBI Life Insurance Company Senior Business Development Manager salaries in Mumbai

Annual salary range
5 - 12 years exp.
₹3.8 Lakhs - ₹8.5 Lakhs
Salary of majority employees
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42% less than the average Senior Business Development Manager Salary in Insurance Companies for 5 - 12 years of experience

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Salaries in different departments

Sales & Business Development
Senior Business Development Manager Salary
5 - 11 years exp. (6 salaries)
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₹4 L/yr - ₹8.5 L/yr

BFSI, Investments & Trading
Senior Business Development Manager Salary
7 - 9 years exp. (5 salaries)
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₹4.5 L/yr - ₹7.4 L/yr

Customer Success, Service & Operations
Senior Business Development Manager Salary
5 - 11 years exp. (5 salaries)
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₹4.7 L/yr - ₹7 L/yr

Marketing & Communication
Senior Business Development Manager Salary
7 - 12 years exp. (3 salaries)
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₹4.7 L/yr - ₹6.6 L/yr

Finance & Accounting
Senior Business Development Manager Salary
6 years exp. (AmbitionBox Estimate)
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₹3.8 L/yr - ₹6.3 L/yr

Last Updated: 17 Dec 2024

Companies similar to SBI Life Insurance Company for Senior Business Development Manager in Mumbai

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SBI Life Insurance Company Senior Business Development Manager Salary

5 - 12 years exp. (23 salaries)
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₹3.8 L/yr - ₹8.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Bajaj Allianz Life Insurance Senior Business Development Manager Salary

0 - 7 years exp. (13 salaries)
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₹4 L/yr - ₹6.5 L/yr

arrow icon 23% less
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SBI General Insurance Senior Business Development Manager Salary

3 - 11 years exp. (33 salaries)
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₹4.3 L/yr - ₹6.6 L/yr

At par
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ICICI Lombard General Insurance Company Senior Business Development Manager Salary

5 - 13 years exp. (4 salaries)
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₹7 L/yr - ₹12.9 L/yr

arrow icon 59% more
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IndusInd Bank Senior Business Development Manager Salary

0 - 8 years exp. (27 salaries)
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₹4 L/yr - ₹5 L/yr

arrow icon 28% less
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MakeMyTrip Senior Business Development Manager Salary

1 - 6 years exp. (20 salaries)
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₹5.8 L/yr - ₹9 L/yr

arrow icon 41% more
Senior Business Development Manager salary at SBI Life Insurance Company ranges between ₹3.8 Lakhs to ₹8.5 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 23 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Senior Business Development Manager in Mumbai

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Experience wise SBI Life Insurance Company Senior Business Development Manager salaries in Mumbai

Last Updated: 17 Dec 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹4 L/yr - ₹9.8 L/yr
6 years  (4 salaries)

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₹3.8 L/yr - ₹6.2 L/yr
7 years  (3 salaries)

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₹4.7 L/yr - ₹10.4 L/yr
8 years  (3 salaries)

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₹4.5 L/yr - ₹7.4 L/yr
9 years  (3 salaries)

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₹4.6 L/yr - ₹7 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

Business Development Manager Salary
(60 salaries)
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₹3 L/yr - ₹7 L/yr
Senior Business Development Executive Salary
(43 salaries)
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₹3.35 L/yr - ₹5.35 L/yr

Salary related reviews for SBI Life Insurance Company

5.0

Rated by 1 employees for salary & benefits

Senior Business Development Manager in Katni

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 20 Apr 2022
2.0
 for  Salary and Benefits

Likes

Best brand in insurance sector..well known..

Dislikes

Salary is low as per targets given by company..incentives are good but company has to think for good salary as well.. Products is not up to the mark as per market competition.

read more

Senior Business Development Manager in Nagpur

Sales & Business Development Department

4.0
  •  posted on 27 Sep 2019
5.0
 for  Salary and Benefits

Likes

...where but for the same No abusing Words used by Higher authorities for Business. Compensation also good. Over All good company

read more

Dislikes

Company has holiday on every 2&3 Saturday.. But we need to go on Works on these Holiday also...

Area Sales Manager in Vijayawada

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 05 Aug 2023
5.0
 for  Salary and Benefits

Likes

I am so Proud to say Working this organisation last 4years. i got a two promotions last two years.

Dislikes

I expecting Long time Vintage Employes Expect Minimum Salary hike. because Now a days out side companies giving a more salary hikes Vintage persons so Our Company giving a minimum hikes of Vintage Employes it will so benefit and no one live Our Company.

read more

Business Development Executive in Gangtok

Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 13 Sep 2023
5.0
 for  Salary and Benefits

Likes

very good company with good oppurtunities and good pay

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

read more

Senior Business Development Executive in Ongole

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 09 Jun 2023
2.0
 for  Salary and Benefits

Likes

No positive to tell company not good salary not good supporting staff.

Dislikes

Treating very cheap to front line employees(Field workers).and also no support to superior s.. always blamed for front line employees.

read more
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a technical project manager
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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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SBI Life Insurance Company Senior Business Development Manager Salary FAQs

What is the salary of Senior Business Development Manager at SBI Life Insurance Company Mumbai?
Senior Business Development Manager salary at SBI Life Insurance Company in Mumbai ranges between ₹3.8 Lakhs to ₹8.5 Lakhs for experience between 5 years to 12 years. According to our estimates it is 42% less than the average Senior Business Development Manager Salary in India. Salary estimates are based on 23 latest salaries received from various employees of SBI Life Insurance Company Mumbai.
How does the salary of a Senior Business Development Manager at SBI Life Insurance Company Mumbai compare with the average salary range for this job?
The average salary of a Senior Business Development Manager at SBI Life Insurance Company is 42% less than the average salary of a Senior Business Development Manager in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than SBI Life Insurance Company to a Senior Business Development Manager in Mumbai?
  • ICICI Lombard General Insurance Company Senior Business Development Manager Salary - ₹7.0 Lakhs to ₹12.9 Lakhs per year
  • MakeMyTrip Senior Business Development Manager Salary - ₹5.8 Lakhs to ₹9.0 Lakhs per year
  • SBI General Insurance Senior Business Development Manager Salary - ₹4.3 Lakhs to ₹6.6 Lakhs per year
What is the salary of a Senior Business Development Manager in companies similar to SBI Life Insurance Company in Mumbai?
  • Bajaj Allianz Life Insurance Senior Business Development Manager Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year
  • IndusInd Bank Senior Business Development Manager Salary - ₹4.0 Lakhs to ₹5.0 Lakhs per year
What is the estimated take home salary of a Senior Business Development Manager at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a Senior Business Development Manager at SBI Life Insurance Company ranges between ₹45,746 per month to ₹46,831 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Senior Business Development Manager salary in India which ranges between ₹3.8 Lakhs to ₹8.5 Lakhs per year for employees with experience between 5 years to 12 years. Check how did we calculate take home salary?
What is the notice period for Senior Business Development Manager at SBI Life Insurance Company in Mumbai?
According to AmbitionBox, 62% of the SBI Life Insurance Company Senior Business Development Managers in Mumbai reported a notice period of 1 Month, 23% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 13 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Senior Business Development Manager salary in Mumbai ranges between ₹3.8 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 23 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.