The average salary for a Business Development Manager in India is ₹600,651.
Business Development Manager by
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What Do Business Development Managers Do?
Business development managers are responsible for managing expectations and developing business solutions for their organizations. They are in charge of creating effective business plans to generate more revenue, increase brand loyalty, and improve customer satisfaction.
Some of their main duties include brainstorming with other business development staff to define the scope of the project, review requirements, and approve timeframes. They work well with other company managers to oversee the p…Read more
Business Development Manager Tasks
- Achieve revenue goals.
- Maintain good working relationships with existing clients previously to enhance client retention and new sales through referrals and references.
- Identify and develop new and existing referral sources to develop successful referring relationships.
- Actively identify and generate prospects through strategic sales strategies focusing on customers in target markets.
Popular Employer Salaries for Business Development Manager
The top respondents for the job title Business Development Manager are from the companies OYO Rooms, SBI Life Insurance Co. Ltd. and Standard Chartered Bank. Reported salaries are highest at Amazon.com Inc where the average pay is ₹1,974,500. Other companies that offer high salaries for this role include Cognizant Technology Solutions Corp and Flipkart, earning around ₹1,450,000 and ₹1,079,899, respectively. SBI Life Insurance Co. Ltd. pays the lowest at around ₹393,054. Max Newyork Life Insurance and Standard Chartered Bank also pay on the lower end of the scale, paying ₹397,398 and ₹457,814, respectively.
Business Development Manager Job Listings
What Are Popular Skills for Business Development Managers?
Skills in New Business Development, Sales, Business Strategy and Account Management are correlated to pay that is above average. Skills that pay less than market rate include Customer Relationship Management (CRM).
What is the Pay by Experience Level for Business Development Managers?
An entry-level Business Development Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹349,279 based on 165 salaries. An early career Business Development Manager with 1-4 years of experience earns an average total compensation of ₹465,647 based on 1,346 salaries. A mid-career Business Development Manager with 5-9 years of experience earns an average total compensation of ₹709,001 based on 1,197 salaries. An experienced Business Development Manager with 10-19 years of experience earns an average total compensation of ₹993,779 based on 659 salaries. In their late career (20 years and higher), employees earn an average total compensation of ₹1,168,548.
Pay Difference by Location
Employees with Business Development Manager in their job title in New Delhi, Delhi earn an average of 17.9% more than the national average. These job titles also find higher than average salaries in Bangalore, Karnataka (17.5% more) and Mumbai, Maharashtra (16.5% more). The lowest salaries can be found in Kolkata, West Bengal (24.9% less) and Hyderabad, Andhra Pradesh (3.6% less).
Years of Experience
This data is based on 3,462 survey responses.