Business Development Mangers are generally employed in senior sales positions where they are entrusted with the job of generating revenues for the organization by attracting more clients. They are additionally in charge of management of accounts as well, to ensure that they are in order. They should from time to time be engaged in calling up clients and make visual representations to convey their business goals and objectives to clients.
Business Development Manager Salary
As per available information, the business development managers are paid something around INR 257,948 – INR 1,505,276 on average with variations based on a number of factors as mentioned below:
Annual Average Salary based on Work Experience
Just like the usual norms governing average salaries in India, the average annual salaries of business development salaries are influenced directly by the work experience gained. The pay packets head steadily northward with the growing work experience of the concerned employee:
| Experience | Annual Average Salaries |
|---|---|
| Less than a year | INR 177 931 – INR 609 668 |
| 1-4 years | INR 181 780 – INR 845 126 |
| 5-9 years | INR 302 173 – INR 1 229 367 |
| 10-19 years | INR 395 479 – INR 1 961 565 |
| 20 years or more | INR 473 436 – INR 2 635 553 |
Annual Average Salaries based on Cities
Variations in annual average salaries are partially based on the average costs of living the employees reside in. Please have a detailed look below:
| City | Annual Average Salaries |
|---|---|
| Hyderabad Andhra Pradesh | INR 241 759 – INR 893 964 |
| Bangalore Karnataka | INR 243 187 – INR 1 443 266 |
| New Delhi Delhi | INR 285 814 – INR 1 522 355 |
| Pune Maharashtra | INR 225 030 – INR 1 076 585 |
| Chennai Tamil Nadu | INR 295 462 – INR 1 493 543 |
Annual Average Salaries based on Degrees or Certification
Besides their work experience and work efficiency, the business development managers derive different pay packets primarily owing to the educational qualification attained by them:
| Certification or Degree | Annual Average Salaries |
|---|---|
| Master of Business Administration (MBA) Business Management & Marketing | INR 299 799 – INR 1 639 802 |
| Business Certificate | INR 356 971 – INR 826 242 |
| Master of Business Administration | INR 273 545 – INR 1 486 201 |
| Certified Professional Engineer (PE) | INR 448 082 – INR 1 882 125 |
| B. Com | INR 217 260 – INR 1 144 859 |
| Bachelor of Engineering (BEng / BE) Mechanical Engineering (ME) | INR 250 740 – INR 2 051 545 |
| Bachelor of Commerce (BCom) Business Management | INR 235 832 – INR 425 133 |
| Bachelor of Engineering (BEng / BE) Computer Science (CS) | INR 300 000 – INR 600 000 |
Annual Average Salaries based on Gender
The gender based salaries of the business development managers stand something this:
| Gender | Annual Average Salaries |
|---|---|
| Female | INR 204 118 – INR 986 967 |
| Male | INR 248 422 – INR 1 422 620 |
Annual Average Salaries offered by leading Organizations
A Social Media Manager enjoys attractive benefits and perks apart from the regular salary and bonus. These benefits and perks are given in order to motivate employees and carry out the duties effectively. The various benefits and perks associated with this job are given below.
| Organizations | Annual Average Salaries |
|---|---|
| HDFC Standard Life Insurance | INR 200 000- INR 250 000 with an annual average of INR 220 000 |
| NIIT | INR 230 000- INR 1 760 000 with an annual average of INR 996 679 |
| Infosys | INR 95 000- INR 104 000 |
| Unichem Laboratories Ltd | INR 520 000- INR 719 000 with an annual average of INR 624 574 |
| Wipro | INR 1 060 000- INR 1 140 000 |
Perks and Benefits
The comprehensive package of benefits, generally enjoyed by business development managers includes the following:
- Paid Sick Leave
- Relocation Expenses
- Life Insurance/Disability
- Paid Vacation
- Private Medical Insurance
*Salaries are subject to change with time.
