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State Bank of India Business Development Manager salaries in India (Updated 2025)

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
Logo
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₹1.7 L/yr - ₹5.5 L/yr

arrow icon 10% less
155 job openings
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₹3.5 L/yr - ₹11.6 L/yr

arrow icon 94% more
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HDFC Bank Business Development Manager Salary

1 - 14 years exp. (125 salaries)

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₹2 L/yr - ₹10.5 L/yr

arrow icon 44% more
3 job openings
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ICICI Bank Business Development Manager Salary

0 - 8 years exp. (124 salaries)

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₹2 L/yr - ₹7.1 L/yr

arrow icon 59% more
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Axis Bank Business Development Manager Salary

0 - 10 years exp. (125 salaries)

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₹1.6 L/yr - ₹6.5 L/yr

arrow icon 5% less
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₹2.1 L/yr - ₹5 L/yr

arrow icon 27% less
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₹1.5 L/yr - ₹8 L/yr

arrow icon 14% more
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₹2 L/yr - ₹4.2 L/yr

arrow icon 29% less
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Yes Bank Business Development Manager Salary

3 - 6 years exp. (11 salaries)

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₹4 L/yr - ₹10 L/yr

arrow icon 24% more
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₹3 L/yr - ₹5.5 L/yr

arrow icon 9% 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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Barclays Business Development Manager Salary

1 - 11 years exp. (4 salaries)

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₹7.5 L/yr - ₹17 L/yr

arrow icon 147% more
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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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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

4.0
  •  posted on 20 Mar 2025

4.0
 for  Salary and Benefits

Likes

...ly banker to every Indian. One gain experience in handling all kind of customer. Good Salary package compared to any other banking and financial institutions. Respect and status is incomparable. Tough but worth for career oriented candidates.

read more
  • Salary - Good
  • +4 more

Dislikes

Challenges before a women employee and men is not the same in our society. Not every family support working women. To spread their wings and fulfill their dreams they faces many many hurdles. We cannot have rigid and common transfer policy for everyone. I have seen many women employee resigning due to this reason including me. Having work life balance is difficult for officer particularly.

read more
  • Work-life balance - Bad

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.

read more
  • 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

read more
  • Work satisfaction - 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 ?
The average salary of a Business Development Manager at State Bank of India in India typically ranges from ₹2.0 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 3 years to 9 years).

The top 10% of Business Development Manager at State Bank of India earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Business Development Manager Salaries at State Bank of India 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+ State Bank of India employees in India.
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 in India typically ranges from ₹31,155 to ₹32,452 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 3 years to 9 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 State Bank of India. 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 State Bank of India ?
To be a Business Development Manager at State Bank of India in india, the key skills required include:

  • - Client Engagement
  • - Client Management
  • - Sales
  • - Banking
  • - Wealth Management

These skills are highly valued at State Bank of India and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than State Bank of India for Business Development Manager in India?
Barclays ₹7.5 Lakhs to ₹17.0 Lakhs per year
Standard Chartered ₹3.5 Lakhs to ₹11.6 Lakhs per year
Bank of India ₹5.0 Lakhs to ₹10.0 Lakhs per year
ICICI Bank ₹2.0 Lakhs to ₹7.1 Lakhs per year
HDFC Bank ₹2.0 Lakhs to ₹10.5 Lakhs per year

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

Canara Bank ₹2.7 Lakhs to ₹7.0 Lakhs per year
Yes Bank ₹4.0 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindra Bank ₹1.5 Lakhs to ₹8.0 Lakhs per year
Axis Bank ₹1.6 Lakhs to ₹6.5 Lakhs per year
Bandhan Bank ₹1.8 Lakhs to ₹5.0 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 State Bank of India in India?
The salary growth for a Business Development Manager at State Bank of India depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at State Bank of India:

Experience Average Salary Range
3 years ₹2.0 Lakhs to ₹4.2 Lakhs per year
4 years ₹2.0 Lakhs to ₹4.5 Lakhs per year
5 years ₹2.0 Lakhs to ₹7.5 Lakhs per year
6 years ₹4.0 Lakhs to ₹4.5 Lakhs per year
and so on.

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.