ICRA Business Development Manager Salaries by 30+ Employees (Updated 2025)

1 - 7 years exp.

₹8 Lakhs - ₹16.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

Business Development Manager Salary at ICRA ranges between ₹8 Lakhs to ₹16.5 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 34 latest salaries received from... Read more

53% more than the average Business Development Manager Salary in Financial Services Companies for 1 - 7 years of experience

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Last Updated: 17 Jun 2025

Companies similar to ICRA for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
DataTracks Business Development Manager Salary 7 - 12 years exp. (10 salaries)	₹9.5 L/yr - ₹18 L/yr 17% more
Bajaj Finserv Business Development Manager Salary 1 - 7 years exp. (6 salaries)	₹3 L/yr - ₹6.5 L/yr 66% less
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LKP Securities Business Development Manager Salary 5 - 12 years exp. (5 salaries)	₹3.6 L/yr - ₹7.2 L/yr 52% less	3 job openings

Weizmann Forex Business Development Manager Salary 5 - 12 years exp. (5 salaries)	₹2.2 L/yr - ₹3.8 L/yr 74% less
DKSH Business Development Manager Salary 6 - 11 years exp. (4 salaries)	₹16.5 L/yr - ₹30.5 L/yr 88% more
Wells Fargo Business Development Manager Salary 10 - 14 years exp. (4 salaries)	₹10.5 L/yr - ₹45 L/yr 138% more
JPMorgan Chase & Co. Business Development Manager Salary 0 - 6 years exp. (4 salaries)	₹17.5 L/yr - ₹58 L/yr 219% more
Emkay Global Financial Services Business Development Manager Salary 11 - 22 years exp. (3 salaries)	₹7.2 L/yr - ₹9 L/yr 30% less

5paisa Capital Ltd. Business Development Manager Salary 0 - 11 years exp. (3 salaries)	₹8 L/yr - ₹10.5 L/yr 25% less
BOBCARD Ltd. Business Development Manager Salary 5 - 9 years exp. (3 salaries)	₹4 L/yr - ₹4.3 L/yr 65% less

Latest annual salaries shared by ICRA Business Development Manager

3d ago

₹9.2 Lakhs

1 year exp.

5d ago

₹16 Lakhs

7 years exp.

1w ago

₹12.4 Lakhs

6 years exp.

1mo ago

₹11.4 Lakhs

5 years exp.

2mo ago

₹10 Lakhs

5 years exp.

2mo ago

5 years exp.

5mo ago

2 years exp.

6mo ago

3 years exp.

7mo ago

1 year exp.

9mo ago

6 years exp.

ICRA Business Development Manager salaries by

Years of experience	Avg. annual salary
1 year (12 salaries)	₹8 L/yr - ₹18.8 L/yr
2 years (10 salaries)	₹8.3 L/yr - ₹14.8 L/yr
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3 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
4 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.5 L/yr
5 years (4 salaries)	₹10 L/yr - ₹16.5 L/yr
6 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.5 L/yr
7 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr

View all salaries by experience

Similar Designation Salaries at ICRA

Similar Designation	Avg. annual salary
Senior Business Development Manager Salary (7 salaries)	₹15 L/yr - ₹20 L/yr
Business Development Associate Salary (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
Login to view exact salary
Business Development Executive Salary (4 salaries)	₹4 L/yr - ₹9.9 L/yr
Assistant Sales Manager Salary (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
Area Sales Manager Salary (3 salaries)	₹8.3 L/yr - ₹15 L/yr
Area Business Manager Salary (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
Deputy Manager Salary (33 salaries)	₹4.3 L/yr - ₹14 L/yr
Marketing Manager Salary (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
Relationship Manager Salary (3 salaries)	₹7.7 L/yr - ₹15 L/yr
Territory Manager Salary (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr

View more similar designations

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GF salary Vs. My salary

Me and my gf have been dating for 5 years. Back in 2020, I started my career with a package of ₹5 LPA. Over the years, I’ve reached ₹22 LPA in 2025. She started her journey with ₹3 LPA(2020) and is now earning ₹8 LPA(2025). We’ve been in a live-in relationship for around 2 years, and the idea was to share expenses equally. But, equal sharing never really happened. If we go to a café she likes, especially with friends, I will pay the entire bill. We only split the house rent and grocery bills. I told her lots of time to cut down these costly cafe expenses or earn more money, increase your package, study and work hard, but.....she is now in her comfort zone. Being from a tech background, I have seen people upgrade their skills and package for a good life in metro cities. I am ready to support her in her studies, but she is like I am earning enough for myself.... No, you are not. I love her, but I don't know how to overcome this issue between us. Please suggest!

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Salary related reviews for ICRA

3.0

Rated by 4 employees for salary & benefits

Business Development Manager in Bangalore Rural

Full Time

Sales & Business Development Department

2.0

• updated on 05 Jun 2023

1.0

for Salary and Benefits

Likes

Good learning, but after sometime you do the same repetitive tasks tho

Skill development - Good

+1 more

Dislikes

Salary below market standards No employee engagement programs No motivation for employees Most of the employees just wait for next appraisal cycle so that they can leave after

Salary - Bad

+3 more

Business Development Manager in Gurgaon / Gurugram

Sales & Business Development Department

2.0

• updated on 27 Aug 2018

2.0

for Salary and Benefits

Likes

Nothing is there to like ICRA limited. You will regret to join such company.

Dislikes

Worst pay master. Sales and marketing don't get good salary appraisals. They love Analyst, Top management is ready to sacrifice for them. ICRA limited is useless company. I have wasted my 8 years, even CRISIL and CARE are good companies and pays better and understand employees needs. Please don't join ICRA Limited.

Salary - Poor

+6 more

Deputy Manager in Chennai

Business Development Department

4.0

• updated on 19 Jun 2019

4.0

for Salary and Benefits

Likes

Teammates are good, encouraging manner, helping in work. Training was not adequate. Job security can't assured. Salary & benefits are reasonable. Growth opportunities are less. In appraisal process, they are doing politics. Learning is less. Work environment quiet monotonous. Work life balance is very good, as 5 day work culture. No work after 6PM

Salary - Good

+3 more

Dislikes

In recruitment itself, depending upon candidate's background and education institution they fix salary and position. it's not fair. Carreer growth opportunities are limited. In appraisal, they are showing partiallity. Work is too monotonous. Complex product to sell. No good reputation in market. No support from Manager in job.

Manager in Gurgaon / Gurugram

Full Time

Production, Manufacturing & Engineering Department

1.0

• updated on 21 Nov 2023

3.0

for Salary and Benefits

Likes

Salary on time. Reimbursement on time.

Work-life balance - Good

Dislikes

Internal politics, Nepotism, partiality and the HR dept is terrible. No one will ever give you any answer/solution. They are good for nothing. Every month people change, you even don't know who to contact. Seniors wont help you achieve your targets nor they are willing to travel for meetings. Unwanted team calls. Whenever your manager is free or not in any mood for meeting, he/she will schedule Virtual team calls.

Job security - Poor

+3 more

Process Associate in Kolkata

Full Time

Finance & Accounting Department

1.0

• updated on 04 Apr 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...sive hours of work daily due to multiple bottlenecks in organisations operation. Salary are peanuts if your are working in a metro politian city. Overall no skill advancements. BS colleagues.

Salary - Bad

+6 more

see more salary related reviews

ICRA Business Development Manager Salary FAQs

What is the salary of Business Development Manager at ICRA ?

The average salary of a Business Development Manager at ICRA in India typically ranges from ₹8.0 Lakhs to ₹16.5 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Business Development Manager at ICRA earn more than ₹14.9 Lakhs per year, and the top 1% earn over ₹16.5 Lakhs per year. Business Development Manager Salaries at ICRA 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 30+ ICRA employees in India.

What is the estimated take home salary of a Business Development Manager at ICRA in India?

The estimated take-home salary of a Business Development Manager at ICRA in India typically ranges from ₹83,625 to ₹85,810 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹16.5 Lakhs per year for employees with experience ranging from 1 year 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 30+ salaries received from various employees of ICRA. 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 ICRA ?

To be a Business Development Manager at ICRA in india, the key skills required include:

- B2B Sales
- Sales
- Corporate Sales
- Relationship
- Finance

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

Which companies offer higher salaries than ICRA for Business Development Manager in India?

JPMorgan Chase & Co.	₹17.5 Lakhs to ₹58.0 Lakhs per year
Wells Fargo	₹10.5 Lakhs to ₹45.0 Lakhs per year
DKSH	₹16.5 Lakhs to ₹30.5 Lakhs per year
DataTracks	₹9.5 Lakhs to ₹18.0 Lakhs per year

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

What is the salary of a Business Development Manager in companies similar to ICRA in India?

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

5paisa Capital Ltd.	₹8.0 Lakhs to ₹10.5 Lakhs per year
Emkay Global Financial Services	₹7.2 Lakhs to ₹9.0 Lakhs per year
LKP Securities	₹3.6 Lakhs to ₹7.2 Lakhs per year
BOBCARD Ltd.	₹4.0 Lakhs to ₹4.3 Lakhs per year
Bajaj Finserv	₹3.0 Lakhs to ₹6.5 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 ICRA in India?

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

Experience	Average Salary Range
1 year	₹8.0 Lakhs to ₹18.8 Lakhs per year
2 years	₹8.3 Lakhs to ₹14.8 Lakhs per year
3 years	₹10.2 Lakhs to ₹13.0 Lakhs per year
4 years	₹10.6 Lakhs to ₹13.5 Lakhs per year

and so on.

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ICRA Business Development Manager Salaries

ICRA Business Development Manager salary in India ranges between ₹8 Lakhs to ₹16.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 34 ICRA latest salaries received from various employees of ICRA.