Cognizant Banking Operations Associate Salaries by 10+ Employees

1 - 4 years exp.

₹2.1 Lakhs - ₹3.6 Lakhs

Salary of majority employees

17% less than the average Banking Operations Associate Salary in IT Services & Consulting Companies for 1 - 4 years of experience

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Last Updated: 31 Jan 2024

Companies similar to Cognizant for Banking Operations Associate

Company name	Avg Annual Salary	Open Jobs
Accenture Banking Operations Associate Salary 0 - 6 years exp. (543 salaries)	₹1.5 L/yr - ₹6.3 L/yr 17% more	14 job openings
TCS Banking Operations Associate Salary 1 - 4 years exp. (20 salaries)	₹2 L/yr - ₹4.8 L/yr 7% more
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Wipro Banking Operations Associate Salary 1 - 5 years exp. (7 salaries)	₹2.8 L/yr - ₹3.3 L/yr 15% more
NTT Data Banking Operations Associate Salary 3 years exp. (6 salaries)	₹4 L/yr - ₹5 L/yr 61% more
Genpact Banking Operations Associate Salary 0 - 8 years exp. (4 salaries)	₹2.5 L/yr - ₹3.2 L/yr 10% more
Tech Mahindra Banking Operations Associate Salary 0 - 12 years exp. (4 salaries)	₹3.1 L/yr - ₹4.5 L/yr 38% more
HCLTech Banking Operations Associate Salary 0 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹2.8 L/yr 11% less
NTT DATA, Inc. Banking Operations Associate Salary 4 - 6 years exp. (3 salaries)	₹3.8 L/yr - ₹6.8 L/yr 44% more

Banking Operations Associate salary at Cognizant ranges between ₹2.1 Lakhs to ₹3.6 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 18 latest salaries received from various employees of Cognizant.

Experience wise Cognizant Banking Operations Associate salaries

Last Updated: 31 Jan 2024

Experience	Avg Annual Salary
1 year (11 salaries)	₹2 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹4.6 L/yr
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3 years (AmbitionBox Estimate)	₹2 L/yr - ₹4.7 L/yr
4 years (3 salaries)	₹1.1 L/yr - ₹3.6 L/yr

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Salary related reviews for Cognizant

Senior Associate in Noida

Full Time

Procurement & Supply Chain Department

4.0

• posted on 10 Jan 2025

3.0

for Salary and Benefits

Likes

Cognizant has strong capebilities in delivering technology services with a robust support. People are satisfied working here but since past couple of years company has not given ample opportunitiesto employees in terms of growth and compensastion

Work satisfaction - Good

+2 more

Dislikes

Not good approasal No timely appraisal No promotion policies No standard salary parameters as per exp No benchmarking for compensastion

Senior Associate in Kolkata

Full Time

Engineering - Software & QA Department

3.0

• posted on 10 Jan 2025

4.0

for Salary and Benefits

Likes

If you swith to Cognizant, they will provide good salary compared to other service based company. They also push their associate for skill development with regular certification drive.

Salary - Good

+1 more

Dislikes

The appraisal system dropped drastically in couple of years. Very minimum salary hike with high ratings.

Promotions - Poor

Team Lead in Bangalore / Bengaluru

Full Time

Project & Program Management Department

4.0

• posted on 18 Dec 2024

3.0

for Salary and Benefits

Likes

Ample of learning opportunities if you are willing to take it. Good work life balance in general. Good culture. Leadership if open to hearing employees issues and support them as possible.

Skill development - Excellent

+4 more

Dislikes

Salary is lower compared to other firms.

Senior Associate in Kolkata

Full Time

Engineering - Software & QA Department

4.0

• posted on 28 Nov 2024

2.0

for Salary and Benefits

Likes

Stability is good. Though in the ongoing global recession, many of my co-workers had to leave projects because of project ramp down and did not get any other projects. Instead of recruiting employees from bench in other projects they are hiring more from people outside.

Skill development - Good

+1 more

Dislikes

Appraisal is bad. So joining with low salary does not help much in the long run, better to switch.

Salary - Poor

+1 more

Senior Associate in Kolkata

Full Time

Engineering - Software & QA Department

4.0

• posted on 10 Nov 2024

3.0

for Salary and Benefits

Likes

Long term projects but mainly support projects. Flexible work timings On time salary and some increment every year Scope to show case your skills

Skill development - Good

+1 more

Dislikes

Every time you have search for the projects once your current project ramp down

Job security - Poor

see more salary related reviews

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What people are saying about Cognizant

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a snowflake developer

1w (edited)

Novartis Job Offer

Hi everyone, I have 3.6 years of IT experience and currently work at a service-based company in Pune. My current CTC is 14 LPA (13.5 LPA fixed). I recently received an offer from Novartis Hyderabad as Data Analyst level 3 with a CTC of 19.9 LPA (18.3 LPA fixed). Is this a good offer, or is it on the lower side for my experience? Would appreciate your suggestions! Any answers from people working at Novartis pls ?

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Cognizant Banking Operations Associate Salary FAQs

What is the salary of Banking Operations Associate at Cognizant ?

The average salary of a Banking Operations Associate at Cognizant in India typically ranges from ₹2.1 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Banking Operations Associate at Cognizant earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Banking Operations Associate Salaries at Cognizant 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 10+ Cognizant employees in India.

What is the estimated take home salary of a Banking Operations Associate at Cognizant in India?

The estimated take-home salary of a Banking Operations Associate at Cognizant in India typically ranges from ₹18,301 to ₹19,990 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from 1 year to 4 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 10+ salaries received from various employees of Cognizant. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Cognizant for Banking Operations Associate in India?

NTT Data	₹4.0 Lakhs to ₹5.0 Lakhs per year
NTT DATA, Inc.	₹3.8 Lakhs to ₹6.8 Lakhs per year
Tech Mahindra	₹3.1 Lakhs to ₹4.5 Lakhs per year
Accenture	₹1.5 Lakhs to ₹6.3 Lakhs per year
Wipro	₹2.8 Lakhs to ₹3.3 Lakhs per year

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

What is the salary of a Banking Operations Associate in companies similar to Cognizant in India?

The salary of a Banking Operations Associate at companies similar to Cognizant in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Genpact	₹2.5 Lakhs to ₹3.2 Lakhs per year
TCS	₹2.0 Lakhs to ₹4.8 Lakhs per year
HCLTech	₹1.8 Lakhs to ₹2.8 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 Banking Operations Associate at Cognizant in India?

The salary growth for a Banking Operations Associate at Cognizant depends on factors such as experience, performance, and promotions. On average, a Banking Operations Associate can expect the following growth trajectory at Cognizant:

Experience	Average Salary Range
1 year	₹2.0 Lakhs to ₹3.0 Lakhs per year
2 years	₹2.0 Lakhs to ₹4.6 Lakhs per year
3 years	₹2.0 Lakhs to ₹4.7 Lakhs per year
4 years	₹1.1 Lakhs to ₹3.6 Lakhs per year

and so on.

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Cognizant Banking Operations Associate Salaries

Cognizant Banking Operations Associate salary in India ranges between ₹2.1 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 Cognizant latest salaries received from various employees of Cognizant.