ICICI Bank Mumbai Department Manager Salaries by 6 Employees

1 - 10 years exp.

₹3 Lakhs - ₹9 Lakhs

Salary of majority employees

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5% more than the average Department Manager Salary in Banking Companies for 1 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Department Manager Salary 1 - 10 years exp. (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹5 L/yr
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Human Resources Department Manager Salary 1 - 6 years exp. (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹4.5 L/yr

Last Updated: 14 Mar 2024

Companies similar to ICICI Bank for Department Manager in Mumbai

ICICI Bank Department Manager Salary

1 - 10 years exp. (6 salaries)

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₹3 L/yr - ₹9 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Department Manager Salary 2 - 5 years exp. (3 salaries)	Unlock ₹4 L/yr - ₹5.1 L/yr 6% less
Reliance Retail Department Manager Salary 0 - 16 years exp. (226 salaries)	Unlock ₹2 L/yr - ₹6 L/yr 16% less	2 job openings
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DMart Department Manager Salary 0 - 14 years exp. (129 salaries)	Unlock ₹2.8 L/yr - ₹6.6 L/yr 7% more	11 job openings
Shoppers Stop Department Manager Salary 0 - 13 years exp. (102 salaries)	Unlock ₹4.1 L/yr - ₹7 L/yr 14% more	3 job openings
Nature's Basket Department Manager Salary 4 - 10 years exp. (76 salaries)	Unlock ₹2.8 L/yr - ₹5.2 L/yr 21% less

Department Manager salary at ICICI Bank ranges between ₹3 Lakhs to ₹9 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 6 latest salaries received from various employees of ICICI Bank.

Experience wise ICICI Bank Department Manager salaries in Mumbai

Last Updated: 14 Mar 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹8.5 L/yr
2 years (AmbitionBox Estimate)	Unlock ₹1.9 L/yr - ₹9 L/yr
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3 years (AmbitionBox Estimate)	Unlock ₹4.3 L/yr - ₹5.5 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹1.9 L/yr - ₹5.1 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹4.3 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹8.7 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹4.4 L/yr - ₹5.6 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹4.4 L/yr - ₹5.6 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹4.4 L/yr - ₹5.6 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹5 L/yr

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Salary related reviews for ICICI Bank

4.0

Rated by 1 employees for salary & benefits

Deputy Manager in Hyderabad / Secunderabad

Full Time

IT & Information Security Department

4.0

• posted on 01 Feb 2025

3.0

for Salary and Benefits

Likes

Job Security

Job security - Good

Dislikes

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.

Work satisfaction - Poor

+1 more

Sales Executive in Ahmedabad

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

...ous training and development programs to help employees enhance their skills. 2. _Competitive Salary_: ICICI Bank provides competitive salaries and benefits to its employees.

Salary - Good

Dislikes

Nothing

Skill development - Poor

+2 more

Deputy Manager in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

4.0

• posted on 27 Oct 2024

3.0

for Salary and Benefits

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.

Job security - Good

+3 more

Dislikes

CTC Complexities Internal department change is not easy

Deputy Manager in Kolkata

Full Time

Risk Management & Compliance Department

3.0

• posted on 28 Jun 2024

4.0

for Salary and Benefits

Likes

The overall salary structure. Centralized appraisals.

Salary - Good

+1 more

Dislikes

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.

Skill development - Poor

+3 more

Cashier in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 24 Oct 2024

5.0

for Salary and Benefits

Likes

... that interests you Benefits: You like the company's benefits Leadership: You like the goal-oriented leadership Fair pay: You like the fair pay Open-door policy: You like the open-door policy

Salary - Excellent

+6 more

Dislikes

Career growth: You might not have the opportunity to develop new skills or advance your career. Management style: You might have multiple supervisors with different expectations. Schedule: You might need a more flexible schedule or the ability to work from home. Work environment: You might not feel the work environment is a good fit for you. Communication: You might not like the way your company, management, or team communicates. Team: You might not like the type of team you work with or the values or priorities of the team. Compensation: You might not feel you're being paid fairly for your work.

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What people are saying about ICICI Bank

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indispensablefire

works at

ICICI Bank

Need assistance for a job switch

So I just finished a year at ICICI and am now in SO grade in the eRM channel. My highest educational qualification is a B.Com. And now I intend to prepare for FRM. But I’m not sure whether I should stay at ICICI for another year, then switch companies after earning a... read more

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ICICI Bank Department Manager Salary FAQs

What is the salary of Department Manager at ICICI Bank Mumbai?

Department Manager salary at ICICI Bank in Mumbai ranges between ₹3.0 Lakhs to ₹9.0 Lakhs for experience between 1 years to 10 years. According to our estimates it is 5% more than the average Department Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of ICICI Bank Mumbai.

How does the salary of a Department Manager at ICICI Bank Mumbai compare with the average salary range for this job?

The average salary of a Department Manager at ICICI Bank is 5% more than the average salary of a Department Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than ICICI Bank to a Department Manager in Mumbai?

Shoppers Stop Department Manager Salary - ₹4.1 Lakhs to ₹7.0 Lakhs per year
DMart Department Manager Salary - ₹2.8 Lakhs to ₹6.6 Lakhs per year

What is the salary of a Department Manager in companies similar to ICICI Bank in Mumbai?

HDFC Bank Department Manager Salary - ₹4.0 Lakhs to ₹5.1 Lakhs per year
Reliance Retail Department Manager Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
Nature's Basket Department Manager Salary - ₹2.8 Lakhs to ₹5.2 Lakhs per year

What is the estimated take home salary of a Department Manager at ICICI Bank in Mumbai?

The estimated take-home salary of a Department Manager at ICICI Bank ranges between ₹36,324 per month to ₹37,544 per month in Mumbai. The take-home salary calculation is based on the average ICICI Bank Department Manager salary in India which ranges between ₹3.0 Lakhs to ₹9.0 Lakhs per year for employees with experience between 1 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Department Manager at ICICI Bank in Mumbai?

According to AmbitionBox, 50% of the ICICI Bank Department Managers in Mumbai reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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ICICI Bank Department Manager Salaries in Mumbai

ICICI Bank Department Manager salary in Mumbai ranges between ₹3 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 ICICI Bank latest salaries received from various employees of ICICI Bank.