ICICI Bank Audit Officer salaries in New Delhi

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Job Security

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I have concerns regarding ICICI Bank's compensation and work culture. Specifically: - Salary: The bank offers significantly lower salaries (4-6 LPA) to Tier 3 college graduates with 5-6 years of experience, including B.Tech/M.Tech degrees, compared to freshers from top-tier1 colleges for similar work. - Workload: Employees are often overloaded with excessive work, leading to undue stress. - Bias: There appears to be a bias towards hiring and promoting graduates from Tier 1 colleges. - Promotion and hikes: Opportunities for growth and salary increases seem limited. - Work environment: Some senior managers allegedly create a toxic work environment, exhibiting unprofessional behavior towards female employees and using aggressive language. - Leave policies: Junior employees are often denied leave, including PL, CL, and sick leave, while senior managers enjoy their weekends and week days as well. - Business ethics: The bank's management practices seem to lack business ethics and morals towards gender specific. - Expectation of constant availability: Junior employees, including those in Designation/Department (DE), are expected to be available 24/7, including weekends (Saturdays and Sundays) and off-days, which is unsustainable and blurs the line between personal and professional life. - No compensation for extra work: Employees are not provided with compensatory off (comp-off) for working extra days or hours, leading to burnout and impacting work-life balance.

Likes

Work life balance is there if you are a Virtual RM. Salary is below average as compared to posh cities where cost of living is high like Bangalore. HR policies is good. Fresher should take a chance to learn and embibe in the field. Coming to promotion it is by default your years of experience and expertise in the domain.

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CTC Complexities Internal department change is not easy

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The overall salary structure. Centralized appraisals.

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Thank God for centralized appraisals, otherwise one wouldn't get a dime! The company culture is deteriorating with every passing minute. You won't get to learn new things unless the hierarchy sees their own benefit in it. Favourism and partiality goes hand in hand and at a peak level.

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Work Life balance

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Low salary Poor management by team leads Poor hike on promotion No merit based promotion or hike (promotion based on years of years worked irrespective of the performance, just like government job)

Likes

Work culture: Reviewers say the work culture is friendly and good. HR policies: Reviewers say the HR policies are supportive and good. Job security: Reviewers say there is good job security. Inclusive culture: ICICI Bank says it has an inclusive culture that is free from biases. Harassment-free environment: ICICI Bank says it has policies in place to create a harassment-free work environment.

Dislikes

... Some say there is no work-life balance, and that late working hours are common. Salary: Some say the salary is low, especially in cities like Mumbai. Management: Some say the management is poor and that politics drain them. Sales: Some say sales are tough, and that you'll never find peace.