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State Bank of India Business Development Manager salaries in India

Annual salary range
3 - 9 years exp.
₹2 Lakhs - ₹6 Lakhs
Salary of majority employees
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44% less than the average Business Development Manager Salary in Banking Companies for 3 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Business Development Manager Salary
3 - 9 years exp. (5 salaries)
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₹2 L/yr - ₹4.5 L/yr

Sales & Business Development
Business Development Manager Salary
4 - 7 years exp. (4 salaries)
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₹2 L/yr - ₹6 L/yr

Marketing & Communication
Business Development Manager Salary
4 - 6 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.5 L/yr

Last Updated: 11 Feb 2025

Companies similar to State Bank of India for Business Development Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Business Development Manager Salary

1 - 13 years exp. (128 salaries)

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₹2 L/yr - ₹10 L/yr

arrow icon 38% more
1 job opening
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ICICI Bank Business Development Manager Salary

1 - 10 years exp. (109 salaries)

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₹2.1 L/yr - ₹9 L/yr

arrow icon 36% more
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Axis Bank Business Development Manager Salary

0 - 10 years exp. (127 salaries)

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₹1.4 L/yr - ₹7 L/yr

arrow icon 5% less
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₹1.5 L/yr - ₹8 L/yr

arrow icon 9% more
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Yes Bank Business Development Manager Salary

3 - 6 years exp. (12 salaries)

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₹3.5 L/yr - ₹10 L/yr

arrow icon 27% more
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₹2.1 L/yr - ₹5 L/yr

arrow icon 29% less
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₹1.8 L/yr - ₹5.3 L/yr

arrow icon 10% less
13 job openings
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₹11 L/yr - ₹13.3 L/yr

arrow icon 198% more
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₹3.7 L/yr - ₹12.5 L/yr

arrow icon 94% more
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₹2 L/yr - ₹4.2 L/yr

arrow icon 29% less
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₹3 L/yr - ₹5.5 L/yr

arrow icon 10% less
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₹1.8 L/yr - ₹5 L/yr

arrow icon 8% less
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₹2 L/yr - ₹4.2 L/yr

arrow icon 21% less
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₹2.7 L/yr - ₹7 L/yr

arrow icon 31% more
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₹5 L/yr - ₹10 L/yr

arrow icon 90% more
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₹2.4 L/yr - ₹4 L/yr

arrow icon 25% less
Business Development Manager salary at State Bank of India ranges between ₹2 Lakhs to ₹6 Lakhs per year for employees with experience between 3 years to 9 years. Salary estimates are based on 12 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Business Development Manager

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6 years exp.
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7 years exp.
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Experience wise State Bank of India Business Development Manager salaries

Last Updated: 11 Feb 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹2 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)

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

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₹2 L/yr - ₹7.5 L/yr
6 years  (3 salaries)

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₹4 L/yr - ₹4.5 L/yr
7 years  (3 salaries)

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₹4 L/yr - ₹6 L/yr
View all

Similar Designation salaries in State Bank of India

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₹3.5 L/yr - ₹10.1 L/yr
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₹2 L/yr - ₹4 L/yr
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₹2.05 L/yr - ₹3.75 L/yr
Business Manager Salary
(AmbitionBox Estimate)
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₹7.3 L/yr - ₹9.3 L/yr
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₹7.5 L/yr - ₹11 L/yr
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₹3.7 L/yr - ₹19.14 L/yr
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₹3.2 L/yr - ₹4.25 L/yr
Senior Sales Manager Salary
(AmbitionBox Estimate)
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₹8.1 L/yr - ₹10.4 L/yr
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₹5.5 L/yr - ₹12.15 L/yr
Territory Sales Manager Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr

Top skills at State Bank of India for Business Development Manager

Client Engagement Client Management Sales Banking Wealth Management

Salary related reviews for State Bank of India

3.6

Rated by 3 employees for salary & benefits

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 19 Jan 2025

1.0
 for  Salary and Benefits

Likes

Fixed salary

  • Job security - Excellent

Dislikes

Horrible work culture. Too much internal politics. People who don't work re appraised well and people who work hard are appraised badly, and have to bear lots of criticism. Seniors don't have any idea about the reality of ground level and force unethical practices for personal gains. People who oppose this are publically humiliated and instructed to resign. Seniors have no working knowledge of how the softwares work, and if some do do, then they refused to share their knowledge with others. It is the worst workplace I have ever worked in. I would not wish this kind of working environment to my worst enemy.

read more
  • Salary - Bad
  • +5 more

Full Time

 · 

Finance & Accounting Department

2.0
  •  posted on 15 Nov 2024

4.0
 for  Salary and Benefits

Likes

Nothing to like really. You just get stuck in doing monotonous job

  • Salary - Good
  • +1 more

Dislikes

...erable. Asking to not come on a public holiday leads to targetting by your boss. No compensation for working on holidays. One has to work for 10-12 hours Monday to Saturday. You are asked to do work outside bank guidelines and no risk allowance/security assurance is given.

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  • Skill development - Bad
  • +3 more

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 18 Sep 2024

4.0
 for  Salary and Benefits

Likes

It is a reputed organisation and the largest public sector bank in India. The salary and perks are better as compared to other PSBs. There is job security.

read more
  • Salary - Good
  • +2 more

Dislikes

Long sitting hours, lot of workload, seniors threatening to transfer/change posting, stress and pressure of completing targets, working on weekends and holidays. Huge customer base means a lot of customer dealing.

read more
  • Company culture - Poor
  • +1 more

Full Time

 · 

Other Department

3.0
  •  posted on 28 Jul 2024

3.0
 for  Salary and Benefits

Likes

Salary and little bit of recognition

  • Job security - Excellent

Dislikes

Bad culture Politics Transfer postings outside Which disturbs your personal life Late working Shortage of staff puts more burden on existing employees Poorest work life balance

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  • Work satisfaction - Bad
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 20 Dec 2023

3.0
 for  Salary and Benefits

Likes

Job is secured. We get to serve all kind of customers. Employees get huge exposure in whichever field /segment they are working in, great medical benefit, loans at concessional rate.

read more
  • Job security - Excellent

Dislikes

Age old promotion policy, rigid system, salary is not as per industry standard, lack of proper training, late sitting is rewarded, no facility for working mothers, except for maternity leave, no wfh facility.

read more
  • Skill development - Bad
  • +2 more
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State Bank of India Business Development Manager Salary FAQs

What is the salary of Business Development Manager at State Bank of India?
Business Development Manager salary at State Bank of India in India ranges between ₹2.0 Lakhs to ₹6.0 Lakhs for experience between 3 years to 9 years. According to our estimates it is 44% less than the average Business Development Manager Salary in India. Salary estimates are based on 12 latest salaries received from various employees of State Bank of India India.
How does the salary of a Business Development Manager at State Bank of India India compare with the average salary range for this job?
The average salary of a Business Development Manager at State Bank of India is 44% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Manager at State Bank of India?
Client Engagement, Client Management, Sales, Banking and Wealth Management are some of the popular skills required to work as a Business Development Manager at State Bank of India India.
Which similar companies are paying more than State Bank of India to a Business Development Manager in India?
  • Federal Bank Business Development Manager Salary - ₹11.0 Lakhs to ₹13.3 Lakhs per year
  • Standard Chartered Business Development Manager Salary - ₹3.7 Lakhs to ₹12.5 Lakhs per year
  • Bank of India Business Development Manager Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year
  • HDFC Bank Business Development Manager Salary - ₹2.0 Lakhs to ₹10.0 Lakhs per year
  • ICICI Bank Business Development Manager Salary - ₹2.1 Lakhs to ₹9.0 Lakhs per year
What is the salary of a Business Development Manager in companies similar to State Bank of India in India?
  • Canara Bank Business Development Manager Salary - ₹2.7 Lakhs to ₹7.0 Lakhs per year
  • Yes Bank Business Development Manager Salary - ₹3.5 Lakhs to ₹10.0 Lakhs per year
  • Kotak Mahindra Bank Business Development Manager Salary - ₹1.5 Lakhs to ₹8.0 Lakhs per year
  • Axis Bank Business Development Manager Salary - ₹1.4 Lakhs to ₹7.0 Lakhs per year
  • Bandhan Bank Business Development Manager Salary - ₹1.8 Lakhs to ₹5.0 Lakhs per year
What is the estimated take home salary of a Business Development Manager at State Bank of India in India?
The estimated take-home salary of a Business Development Manager at State Bank of India ranges between ₹31,155 per month to ₹32,452 per month in India. The take-home salary calculation is based on the average State Bank of India Business Development Manager salary in India which ranges between ₹2.0 Lakhs to ₹6.0 Lakhs per year for employees with experience between 3 years to 9 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at State Bank of India?
According to AmbitionBox, 29% of the State Bank of India Business Development Managers reported a notice period of 15 days or less, 28% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

State Bank of India Business Development Manager salary in India ranges between ₹2 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 12 State Bank of India latest salaries received from various employees of State Bank of India.