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ICICI Bank

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ICICI Bank Manager M1 salaries in Chennai (Updated 2025)

Annual salary range
1 - 16 years exp.
₹5.8 Lakhs - ₹13 Lakhs
Salary of majority employees
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Fixed (88%)
₹8.6 Lakhs
Variable (12%)
₹1.2 Lakh
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6% less than the average Manager M1 Salary in Banking Companies for 1 - 16 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Manager M1 Salary
3 - 16 years exp. (28 salaries)
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₹6 L/yr - ₹10.5 L/yr

BFSI, Investments & Trading
Manager M1 Salary
2 - 14 years exp. (26 salaries)
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₹6 L/yr - ₹13 L/yr

Finance & Accounting
Manager M1 Salary
1 - 15 years exp. (20 salaries)
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₹5.8 L/yr - ₹11.8 L/yr

Sales & Business Development
Manager M1 Salary
1 - 14 years exp. (8 salaries)
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₹7 L/yr - ₹10 L/yr

Marketing & Communication
Manager M1 Salary
7 - 14 years exp. (6 salaries)
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₹7.8 L/yr - ₹10.7 L/yr

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Last Updated: 7 Mar 2025

Companies similar to ICICI Bank for Manager M1 in Chennai

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ICICI Bank Manager M1 Salary

1 - 16 years exp. (104 salaries)

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₹5.8 L/yr - ₹13 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Equitas Small Finance Bank Manager M1 Salary

8 - 13 years exp. (10 salaries)

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₹6 L/yr - ₹11 L/yr

arrow icon 12% less
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HDFC Bank Manager M1 Salary

6 - 12 years exp. (8 salaries)

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₹5.5 L/yr - ₹8.9 L/yr

arrow icon 19% less
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Axis Bank Manager M1 Salary

5 - 12 years exp. (8 salaries)

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₹5.8 L/yr - ₹9 L/yr

arrow icon 24% less
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Kotak Mahindra Bank Manager M1 Salary

8 - 12 years exp. (4 salaries)

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₹3.9 L/yr - ₹10 L/yr

arrow icon 29% less
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Yes Bank Manager M1 Salary

1 - 10 years exp. (3 salaries)

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₹6.7 L/yr - ₹8 L/yr

arrow icon 23% less
Manager M1 salary at ICICI Bank ranges between ₹5.8 Lakhs to ₹13 Lakhs per year for employees with experience between 1 year to 16 years. Salary estimates are based on 104 latest salaries received from various employees of ICICI Bank.

Latest annual salaries shared by ICICI Bank Manager M1 in Chennai

2w ago
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13 years exp.
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6 years exp.
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14 years exp.
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12 years exp.
1mo ago
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15 years exp.
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8 years exp.
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8 years exp.
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13 years exp.
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11 years exp.
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11 years exp.

Experience wise ICICI Bank Manager M1 salaries in Chennai

Last Updated: 7 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹8.2 L/yr - ₹19.3 L/yr
2 years  (5 salaries)

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₹8.5 L/yr - ₹10.5 L/yr
3 years  (7 salaries)

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₹6.8 L/yr - ₹10.5 L/yr
4 years  (3 salaries)

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₹8.5 L/yr - ₹13 L/yr
5 years  (6 salaries)

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₹5.8 L/yr - ₹17.5 L/yr
View all

Similar Designation salaries in ICICI Bank

Deputy Manager Salary
(999 salaries)
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₹3 L/yr - ₹10.4 L/yr
Branch Manager Salary
(211 salaries)
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₹5.72 L/yr - ₹21.22 L/yr
Team Lead Salary
(67 salaries)
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₹0.8 L/yr - ₹7.05 L/yr
Area Manager Salary
(7 salaries)
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₹4.5 L/yr - ₹10.5 L/yr
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₹9.88 L/yr - ₹16 L/yr
Team Manager Salary
(4 salaries)
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₹7.73 L/yr - ₹12 L/yr
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₹3.26 L/yr - ₹8.2 L/yr

Salary related reviews for ICICI Bank

3.6

Rated by 9 employees for salary & benefits

Full Time

 · 

Data Science & Analytics Department

2.0
  •  posted on 06 Sep 2024

3.0
 for  Salary and Benefits

Likes

I was campus placed, so luckily I got 16 CTC ( 75k in hand) rest they kept in performance bonus and which they generally hesitate to give.

read more

Dislikes

...place for you. Along with work, you should also have to be good politician too. I was forced to resign, just because they're in the process of cost cutting and searching scape goats to accomplish that, unfortunately I was the one whose manager doesn't supported and created ultra toxic work environment, that forced me to resign.

read more
  • Skill development - Bad
  • +5 more

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 20 Jun 2024

4.0
 for  Salary and Benefits

Likes

Timing is good. Salary and benefits are good.

  • Salary - Good
  • +1 more

Dislikes

Always receive threatining to resign. Day to day work is like torture. Superior behaviour is very very bad. No training at all received. Partiality is done.

read more
  • Skill development - Bad
  • +3 more

Full Time

 · 

Customer Success, Service & Operations Department

5.0
  •  posted on 20 Feb 2025

4.0
 for  Salary and Benefits

Likes

Good to work on icici

  • Salary - Good
  • +3 more

Dislikes

...and audit teams are involving the branches and wrong potrait to super officials. Low level lady staff are working for only salary not for organisation. They will escalate the small things to HR also.

read more

Full Time

 · 

Engineering - Software & QA Department

2.0
  •  posted on 02 Feb 2025

1.0
 for  Salary and Benefits

Likes

Bank Is Good But Many Peoples Are there is Old But Knowledge Less And Bank Haer Other Bank Employees Maximum Package And There Knowlege level is not up to the Mark. And old Employees struggling.

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  • Job security - Excellent
  • +1 more

Dislikes

Many Other Employee they Are hard working But New Comers are High Salary And old Employees Are Less Salary. So culture is Disaster, Because Of salary Defferent.

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  • Salary - Bad
  • +3 more

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.

read more
  • Work satisfaction - Poor
  • +1 more
see more salary related reviews

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ICICI Bank Manager M1 Salary FAQs

What is the salary of Manager M1 at ICICI Bank in Chennai?
The average salary of a Manager M1 at ICICI Bank in Chennai typically ranges from ₹5.8 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 1 year to 16 years).

The top 10% of Manager M1 in Chennai at ICICI Bank earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹12.5 Lakhs per year. Manager M1 Salaries at ICICI Bank 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 100+ ICICI Bank employees in India.
What is the estimated take home salary of a Manager M1 at ICICI Bank in Chennai?
The estimated take-home salary of a Manager M1 at ICICI Bank in Chennai typically ranges from ₹70,778 to ₹72,599 per month. This is based on the average salary range of ₹5.8 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 1 year to 16 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 100+ salaries received from various employees of ICICI Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Manager M1 in companies similar to ICICI Bank in Chennai?
The salary of a Manager M1 at companies similar to ICICI Bank in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Equitas Small Finance Bank ₹6.0 Lakhs to ₹11.0 Lakhs per year
HDFC Bank ₹5.5 Lakhs to ₹8.9 Lakhs per year
Yes Bank ₹6.7 Lakhs to ₹8.0 Lakhs per year
Axis Bank ₹5.8 Lakhs to ₹9.0 Lakhs per year
Kotak Mahindra Bank ₹3.9 Lakhs to ₹10.0 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 Manager M1 at ICICI Bank in Chennai?
The salary growth for a Manager M1 at ICICI Bank in Chennai depends on factors such as experience, performance, and promotions. On average, a Manager M1 in Chennai can expect the following growth trajectory at ICICI Bank:

Experience Average Salary Range
1 year ₹8.2 Lakhs to ₹19.3 Lakhs per year
2 years ₹8.5 Lakhs to ₹10.5 Lakhs per year
3 years ₹6.8 Lakhs to ₹10.5 Lakhs per year
4 years ₹8.5 Lakhs to ₹13.0 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Bank Manager M1 salary in Chennai ranges between ₹5.8 Lakhs to ₹13 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 104 ICICI Bank latest salaries received from various employees of ICICI Bank.