ICICI Bank Chief Manager salaries in Mumbai (Updated 2025)

Likes

Only system and data management is strong.

Dislikes

Everything is so negative. The total culture is unhealthy and full of humiliation. No PMS system and flat variable pay so employee dont work properly. The whole team busy with unnecessary concalls theoughout the day only. Most worst culture even bad than HDFC

Likes

1.) The brand name that I have because of ICICI. 2.) Timely salary credit 3.) The power to approach seniors 4.) The medical and insurance benefits. 5.) Exposure that we have while working for the Bank.

Dislikes

1. Work culture is pathetic and you have to work for more than 12 hours per day. Even after that, you may get a call from your boss or colleague at any time of the day (or night). I witnessed multiple instances where the boss said "it's ok dear, you are anyways at your home. So what will you do after 8 PM. The better option is to complete tomorrow's task today only". Another instance was when I asked 1 day leave to celebrate my kid's birthday and the response was "Birthday will be celebrated in evening & hence you can log off at 6:00 PM. But I cannot give you leave as we are working on a critical project". 2. The seniors (specially the ones who are associated with Bank for more than 18 years) treat you like you are their servant or a dog. 3. No proper training is provided as per the job requirement. 4. HR policies appear good on papers but when it comes to implementation, they are worst. HR always take side of the one who is holding higher designation in the organization. 5. Peer pressure is too much and every second day, you will be compared with a geek or a nerd by your boss, just to demotivate you. 6. Regionalism, Languagism, Casteism, Religionism, Favoritism etc. were just the crap words to me but these words started taking shape in this organization. This means if your boss is a Tamil guy who is settled in Mumbai, he will promote another person holding similar identity. 7. Annual hike is pathetic and a large part of your package is kept as variable. This variable becomes null and void if you resign even 1 day before disbursal of this component. 8. Performance and appraisal system is not transparent. 9. During Covid-19 pandemic, when all the other companies had asked their employees to Work from their Home or anywhere, ICICI Bank had put the clause stating you can have WFH but you have to be present in the city of your office. This is not a True WFH option.

Likes

Poor compensation, with salary well below industry average. Financial growth is negligible, with professional growth also only for certain blue- eyed people. HR acts as if they own the company, and treat other employees like crap.

Likes

Training, respect to employees, HR support to employees, balance in stress levels across designation

Dislikes

Compensation low compared to many banks , compensation very low for employees with vintage, growth path is not very certain