Tata Motors Finance Mumbai Business Development Manager Salaries by 20+ Employees

1 - 8 years exp.

₹2 Lakhs - ₹4.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

54% less than the average Business Development Manager Salary in NBFC Companies for 1 - 8 years of experience

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Salaries in different departments

Sales & Business Development Business Development Manager Salary 1 - 8 years exp. (14 salaries)	₹2 L/yr - ₹4.5 L/yr
Customer Success, Service & Operations Business Development Manager Salary 2 - 7 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹3.6 L/yr
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Finance & Accounting Business Development Manager Salary 2 - 4 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹3.9 L/yr

Last Updated: 22 May 2024

Companies similar to Tata Motors Finance for Business Development Manager in Mumbai

Tata Motors Finance Business Development Manager Salary

1 - 8 years exp. (21 salaries)

₹2 L/yr - ₹4.5 L/yr

Company name	Avg Annual Salary	Open Jobs
IIFL Finance Business Development Manager Salary 0 - 8 years exp. (7 salaries)	₹2 L/yr - ₹7.9 L/yr 45% more
Mahindra Finance Business Development Manager Salary 2 - 7 years exp. (5 salaries)	₹8.5 L/yr - ₹13 L/yr 205% more
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Aditya Birla Finance Business Development Manager Salary 7 - 13 years exp. (3 salaries)	₹12 L/yr - ₹20.4 L/yr 411% more
IndusInd Bank Business Development Manager Salary 0 - 8 years exp. (194 salaries)	₹2 L/yr - ₹5 L/yr 9% more	206 job openings
HDFC Life Business Development Manager Salary 0 - 10 years exp. (191 salaries)	₹1.9 L/yr - ₹5 L/yr 7% more	11 job openings

Business Development Manager salary at Tata Motors Finance ranges between ₹2 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 21 latest salaries received from various employees of Tata Motors Finance.

Experience wise Tata Motors Finance Business Development Manager salaries in Mumbai

Last Updated: 22 May 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
2 years (3 salaries)	₹2 L/yr - ₹5.9 L/yr
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3 years (3 salaries)	₹2 L/yr - ₹6 L/yr
4 years (3 salaries)	₹3 L/yr - ₹4.5 L/yr
5 years (4 salaries)	₹2.2 L/yr - ₹4 L/yr
6 years (3 salaries)	₹3.1 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
8 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr

View all

Similar Designation salaries in Tata Motors Finance

Territory Sales Manager Salary

(13 salaries)

₹5.6 L/yr - ₹10.55 L/yr

Top skills at Tata Motors Finance for Business Development Manager

Business Development Management Sales Sales Management Commercial Vehicle Loans Channel Sales Channel Partners Customer Relationship Business Development Auto Loans Customer Centric SME Sales Secured Loan Communication Skills bdm Sales and Marketing

Salary related reviews for Tata Motors Finance

4.7

Rated by 3 employees for salary & benefits

Business Development Manager in Mumbai

Marketing & Communication Department

4.0

• posted on 03 May 2021

4.0

for Salary and Benefits

Likes

...t being super all people are helpful and Coordinate both in difficult situation.Obiously salary in good as best in your work.Overall good Experience

Salary - Good

+3 more

Dislikes

... true some of politics involve in theirs.I haven't see management address issue. Salary is Ok hiking not possible also Carter growth is slow.No training for fresher on the job.some of using bad language in front of others

Business Development Manager in Erode

Sales & Business Development Department

5.0

• posted on 08 Apr 2021

5.0

for Salary and Benefits

Likes

Very good job satisfaction.

Salary - Excellent

+5 more

Dislikes

Career wise growth is too poor while bdm are entry level positions will continued year by year no salary hike and there is no movement of next grade/designation.if these are corrected we never missed knowledgeable employees

Promotions - Bad

Business Development Manager in Gurgaon / Gurugram

Commercial vehicle finance Department

4.0

• posted on 05 Oct 2019

2.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that I'm a part of a team that market reliable.

Company culture - Excellent

Dislikes

Compensation is decent but growth is slow. The work pressure is very high. Sometimes, I have to work 14-18 hours straight in a day as I have to attend client in the night.

Salary - Poor

+1 more

Business Development Manager in Haldwani

BDM Department

3.0

• posted on 18 Jun 2018

2.0

for Salary and Benefits

Likes

It was good experience, i have learned alot fromTMFL , helping teammates , gud training sessions, no job security at all untill and unless will not reach up to the targets but at conclusion i enjoyed working with TMFL.

Work satisfaction - Good

Dislikes

Not happy with the salary because my colleagues as a BDM itself was getting 1K higher paid then me .

Salary - Poor

+1 more

Business Development Manager in Ambala

Food, Beverage & Hospitality Department

5.0

• posted on 19 Apr 2018

5.0

for Salary and Benefits

Likes

...rship. ..so less work burden if want to a job In finance line in this company. . Impressive salary packages for even freshers. ..so all in all it's fantastico

Salary - Excellent

+6 more

Dislikes

NOTHING. .....to be honest. ..everything is up to the mark

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Tata Motors Finance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Tata Motors Finance in Mumbai?

The average salary of a Business Development Manager at Tata Motors Finance in Mumbai typically ranges from ₹2.0 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Business Development Manager in Mumbai at Tata Motors Finance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Business Development Manager Salaries at Tata Motors Finance 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 20+ Tata Motors Finance employees in India.

What is the estimated take home salary of a Business Development Manager at Tata Motors Finance in Mumbai?

The estimated take-home salary of a Business Development Manager at Tata Motors Finance in Mumbai typically ranges from ₹25,089 to ₹26,526 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 1 year to 8 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 20+ salaries received from various employees of Tata Motors Finance. 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 Tata Motors Finance in Mumbai?

To be a Business Development Manager at Tata Motors Finance in Mumbai, the key skills required include:

- Business Development Management
- Sales
- Sales Management
- Commercial Vehicle Loans
- Channel Sales

These skills are highly valued at Tata Motors Finance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Tata Motors Finance for Business Development Manager in India?

Aditya Birla Finance	₹12.0 Lakhs to ₹20.4 Lakhs per year
Mahindra Finance	₹8.5 Lakhs to ₹13.0 Lakhs per year
IIFL Finance	₹2.0 Lakhs to ₹7.9 Lakhs per year
IndusInd Bank	₹2.0 Lakhs to ₹5.0 Lakhs per year
HDFC Life	₹1.9 Lakhs to ₹5.0 Lakhs per year

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

How the salary growth look like for a Business Development Manager at Tata Motors Finance in Mumbai?

The salary growth for a Business Development Manager at Tata Motors Finance 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 Tata Motors Finance:

Experience	Average Salary Range
1 year	₹2.9 Lakhs to ₹3.7 Lakhs per year
2 years	₹2.0 Lakhs to ₹5.9 Lakhs per year
3 years	₹2.0 Lakhs to ₹6.0 Lakhs per year
4 years	₹3.0 Lakhs to ₹4.5 Lakhs per year

and so on.

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Tata Motors Finance Business Development Manager Salaries in Mumbai

Tata Motors Finance Business Development Manager salary in Mumbai ranges between ₹2 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 Tata Motors Finance latest salaries received from various employees of Tata Motors Finance.