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3.7

based on 19k Reviews

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Kotak Mahindra Bank Business Development Manager salaries in India (Updated 2025)

Annual salary range
1 - 9 years exp.
₹1.5 Lakh - ₹8 Lakhs
Salary of majority employees info icon
Avg. annual salary
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Monthly In-hand Salary

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Business Development Manager Salary at Kotak Mahindra Bank ranges between ₹1.5 Lakh to ₹8 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 52 latest salaries... Read more

39% less than the average Business Development Manager Salary in Banking Companies for 1 - 9 years of experience

Interested in this particular role? 1 job opening

Last Updated: 15 Jun 2025

Companies similar to Kotak Mahindra Bank for Business Development Manager

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

0 - 7 years exp. (1.4k salaries)

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₹1.8 L/yr - ₹5.5 L/yr

arrow icon 20% less
5 job openings
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Standard Chartered Business Development Manager Salary

4 - 13 years exp. (465 salaries)

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₹3.6 L/yr - ₹15 L/yr

arrow icon 81% more
Login to view exact salary info icon
Logo
HDFC Bank Business Development Manager Salary

0 - 14 years exp. (144 salaries)

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₹2 L/yr - ₹11 L/yr

arrow icon 37% more
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Equitas Small Finance Bank Business Development Manager Salary

3 - 11 years exp. (142 salaries)

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₹1.9 L/yr - ₹9.2 L/yr

arrow icon 24% more
25 job openings
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Axis Bank Business Development Manager Salary

0 - 11 years exp. (126 salaries)

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₹1.6 L/yr - ₹6.5 L/yr

arrow icon 5% less
2 job openings
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ICICI Bank Business Development Manager Salary

0 - 9 years exp. (119 salaries)

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₹2 L/yr - ₹7.3 L/yr

arrow icon 43% more
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IDFC FIRST Bank Business Development Manager Salary

1 - 10 years exp. (53 salaries)

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₹2.1 L/yr - ₹5.5 L/yr

arrow icon 24% less
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Bank of Baroda Business Development Manager Salary

0 - 5 years exp. (31 salaries)

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₹2 L/yr - ₹4.2 L/yr

arrow icon 36% less
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Jana Small Finance Bank Business Development Manager Salary

1 - 14 years exp. (23 salaries)

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₹2.5 L/yr - ₹5.7 L/yr

arrow icon 16% less
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DCB Bank Business Development Manager Salary

2 - 9 years exp. (22 salaries)

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₹3.1 L/yr - ₹8 L/yr

arrow icon 11% more
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Yes Bank Business Development Manager Salary

1 - 8 years exp. (16 salaries)

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₹2.3 L/yr - ₹10 L/yr

arrow icon 16% more
1 job opening
Login to view exact salary info icon
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State Bank of India Business Development Manager Salary

4 - 9 years exp. (9 salaries)

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₹4 L/yr - ₹6.8 L/yr

arrow icon 5% less
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AU Small Finance Bank Business Development Manager Salary

3 - 10 years exp. (12 salaries)

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₹3 L/yr - ₹5.5 L/yr

arrow icon 15% less
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Bandhan Bank Business Development Manager Salary

2 - 8 years exp. (6 salaries)

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₹1.8 L/yr - ₹5 L/yr

arrow icon 16% 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 121% more
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Ujjivan Small Finance Bank Business Development Manager Salary

3 - 8 years exp. (4 salaries)

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₹3.5 L/yr - ₹4 L/yr

arrow icon 21% less
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Utkarsh Small Finance Bank Business Development Manager Salary

2 - 8 years exp. (4 salaries)

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₹2.4 L/yr - ₹5.5 L/yr

arrow icon 38% less
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Union Bank of India Business Development Manager Salary

3 - 9 years exp. (3 salaries)

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₹2.4 L/yr - ₹4 L/yr

arrow icon 33% less
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NatWest Group Business Development Manager Salary

2 - 10 years exp. (3 salaries)

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₹2.2 L/yr - ₹13 L/yr

arrow icon 64% more

Latest annual salaries shared by Kotak Mahindra Bank Business Development Manager

3d ago
₹7 Lakhs
5 years exp.
1w ago
₹5.2 Lakhs
3 years exp.
2w ago
₹3 Lakhs
2 years exp.
2w ago
₹7 Lakhs
5 years exp.
1mo ago
₹5 Lakhs
5 years exp.
1mo ago
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9 years exp.
2mo ago
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6 years exp.
2mo ago
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7 years exp.
2mo ago
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7 years exp.
3mo ago
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8 years exp.

Kotak Mahindra Bank Business Development Manager salaries by

Years of experience Avg. annual salary
1 year  (3 salaries)

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₹1.5 L/yr - ₹5.1 L/yr
2 years  (3 salaries)

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₹3 L/yr - ₹5.1 L/yr
Login to view exact salary info icon
3 years  (9 salaries)

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₹2.1 L/yr - ₹5.2 L/yr
4 years  (7 salaries)

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₹1.9 L/yr - ₹8 L/yr
5 years  (12 salaries)

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₹2.1 L/yr - ₹8.5 L/yr
6 years  (7 salaries)

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₹3.5 L/yr - ₹8 L/yr
7 years  (4 salaries)

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₹4.2 L/yr - ₹7.3 L/yr
8 years  (4 salaries)

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₹3.5 L/yr - ₹10.4 L/yr
9 years  (3 salaries)

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₹2.5 L/yr - ₹10.3 L/yr
View all salaries by experience

Similar Designation Salaries at Kotak Mahindra Bank

Similar Designation Avg. annual salary
Senior Business Development Manager Salary
(6 salaries)
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₹3.7 L/yr - ₹10.3 L/yr

Business Development Associate Salary
(4 salaries)
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₹2 L/yr - ₹4.4 L/yr

Login to view exact salary info icon
Business Development Executive Salary
(46 salaries)
unlock-blur

₹1.5 L/yr - ₹4.5 L/yr

Business Manager Salary
(34 salaries)
unlock-blur

₹7.3 L/yr - ₹15.4 L/yr

Zonal Sales Manager Salary
(8 salaries)
unlock-blur

₹27 L/yr - ₹51 L/yr

Assistant Sales Manager Salary
(231 salaries)
unlock-blur

₹1.5 L/yr - ₹5 L/yr

Senior Business Development Executive Salary
(5 salaries)
unlock-blur

₹1.7 L/yr - ₹3.5 L/yr

Senior Sales Manager Salary
(73 salaries)
unlock-blur

₹7.5 L/yr - ₹14 L/yr

Area Sales Manager Salary
(288 salaries)
unlock-blur

₹5.9 L/yr - ₹23 L/yr

Territory Sales Manager Salary
(87 salaries)
unlock-blur

₹3.8 L/yr - ₹12.5 L/yr

View more similar designations

Top trending discussions

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Salary Discussions, Hike & Promotions
5d
a senior executive
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 Kotak Mahindra Bank

3.9

Rated by 16 employees for salary & benefits

Deputy Manager in Hyderabad / Secunderabad

Full Time

 · 

Sales & Business Development Department

3.0
  •  updated on 15 Apr 2025

2.0
 for  Salary and Benefits

Likes

Work friendly with team members.

  • Skill development - Good

Dislikes

...cpc branches, sitting capacity in branches very low . Number DST ALSO VERY LOW . DST salary also very low no increments for front line sales . and no promotions. Fully manual work with compared other banks and NBFC's. Even no festival holidays in month ends. Month end Sunday are working days.

read more
  • Salary - Poor

Deputy Manager in Mumbai

Full Time

 · 

Finance & Accounting Department

3.0
  •  updated on 11 Jun 2024

2.0
 for  Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

read more
  • Job security - Good
  • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
  • +1 more

Deputy Manager in Vadodara

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  updated on 18 May 2024

3.0
 for  Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

read more
  • Skill development - Good
  • +1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

read more
  • Work satisfaction - Bad
  • +2 more

Deputy Manager in Kolkata

Full Time

 · 

Sales & Business Development Department

1.0
  •  updated on 10 Mar 2024

2.0
 for  Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

  • Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

read more
  • Salary - Poor
  • +4 more

Deputy Manager in Mumbai

Full Time

 · 

Finance & Accounting Department

3.0
  •  updated on 30 Dec 2023

3.0
 for  Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

  • Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

read more
  • Skill development - Poor
  • +1 more
see more salary related reviews
More about working at Kotak Mahindra Bank
  • Banking
  • 50k-1 Lakh Employees (India)
  • Public
  • Financial Services

Kotak Mahindra Bank Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Kotak Mahindra Bank ?
The average salary of a Business Development Manager at Kotak Mahindra Bank in India typically ranges from ₹1.5 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 1 year to 9 years).

The top 10% of Business Development Manager at Kotak Mahindra Bank earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Business Development Manager Salaries at Kotak Mahindra Bank 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 50+ Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Business Development Manager at Kotak Mahindra Bank in India?
The estimated take-home salary of a Business Development Manager at Kotak Mahindra Bank in India typically ranges from ₹35,192 to ₹36,429 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 1 year 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 50+ salaries received from various employees of Kotak Mahindra Bank. 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 Kotak Mahindra Bank ?
To be a Business Development Manager at Kotak Mahindra Bank in india, the key skills required include:

  • - HNI Acquisition
  • - Portfolio Management
  • - Retail Liabilities
  • - preferred banking
  • - premier banking

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Kotak Mahindra Bank for Business Development Manager in India?
Barclays ₹7.5 Lakhs to ₹17.0 Lakhs per year
Standard Chartered ₹3.6 Lakhs to ₹15.0 Lakhs per year
NatWest Group ₹2.2 Lakhs to ₹13.0 Lakhs per year
ICICI Bank ₹2.0 Lakhs to ₹7.3 Lakhs per year
HDFC Bank ₹2.0 Lakhs to ₹11.0 Lakhs per year

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

Equitas Small Finance Bank ₹1.9 Lakhs to ₹9.2 Lakhs per year
Yes Bank ₹2.3 Lakhs to ₹10.0 Lakhs per year
DCB Bank ₹3.1 Lakhs to ₹8.0 Lakhs per year
Axis Bank ₹1.6 Lakhs to ₹6.5 Lakhs per year
State Bank of India ₹4.0 Lakhs to ₹6.8 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 Kotak Mahindra Bank in India?
The salary growth for a Business Development Manager at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
1 year ₹1.5 Lakhs to ₹5.1 Lakhs per year
2 years ₹3.0 Lakhs to ₹5.1 Lakhs per year
3 years ₹2.1 Lakhs to ₹5.2 Lakhs per year
4 years ₹1.9 Lakhs to ₹8.0 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Business Development Manager Salaries by Location

  • Kotak Mahindra Bank Business Development Manager salaries in Mumbai
  • Kotak Mahindra Bank Business Development Manager salaries in Pune
  • Kotak Mahindra Bank Business Development Manager salaries in Bangalore / Bengaluru
  • Kotak Mahindra Bank Business Development Manager salaries in New Delhi
  • Kotak Mahindra Bank Business Development Manager salaries in Kolkata
  • Show more
  • Kotak Mahindra Bank Business Development Manager salaries in Hyderabad / Secunderabad
  • Kotak Mahindra Bank Business Development Manager salaries in Dindigul
  • Kotak Mahindra Bank Business Development Manager salaries in Chennai
  • Kotak Mahindra Bank Business Development Manager salaries in Surat
  • Kotak Mahindra Bank Business Development Manager salaries in Bongaigaon City
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  • Kotak Mahindra Bank Business Development Manager Salaries

Kotak Mahindra Bank Business Development Manager salary in India ranges between ₹1.5 Lakh to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 52 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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Business Development Manager Salary in India
based on 99.7k salaries
₹2.8 L/yr - ₹17.3 L/yr
39% less than the average Business Development Manager Salary in India
View more details

Kotak Mahindra Bank Business Development Manager Reviews and Ratings

based on 16 reviews

4.0/5

Rating in categories

3.8

Skill development

3.9

Work-life balance

3.9

Salary

3.9

Job security

3.8

Company culture

3.8

Promotions

3.6

Work satisfaction

Explore 16 Reviews and Ratings
Business Development Manager Jobs at Kotak Mahindra Bank
Kotak Mahindra Bank
Branch Relationship Manager - Business Development | Jaipur

Jaipur

3-5 Yrs

Not Disclosed

Explore more jobs
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Kotak Mahindra Bank Employee Benefits
healthInsurance
Health insurance
1 total response
softskill
Job/Soft skill training
1 total response
retirement
Retirement benefits
0 total responses
cab
Office cab/shuttle
0 total responses
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Notice Period for Business Development Manager at Kotak Mahindra Bank

based on 46 responses

3 Months
46%
1 Month
41%
15 days or less
13%
View all
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