ICICI Bank Mumbai Manager M1 Salaries by 500+ Employees (Updated 2025)

1 - 17 years exp.

₹4.5 Lakhs - ₹15 Lakhs

Salary of majority employees

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At par with the average Manager M1 Salary in Banking Companies for 1 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 1 - 17 years exp. (148 salaries)	Unlock ₹4.5 L/yr - ₹15 L/yr
Finance & Accounting Manager M1 Salary 1 - 16 years exp. (112 salaries)	Unlock ₹5.8 L/yr - ₹15 L/yr
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Customer Success, Service & Operations Manager M1 Salary 1 - 16 years exp. (75 salaries)	Unlock ₹6 L/yr - ₹13.8 L/yr
Risk Management & Compliance Manager M1 Salary 1 - 16 years exp. (40 salaries)	Unlock ₹6.9 L/yr - ₹14 L/yr
Sales & Business Development Manager M1 Salary 2 - 14 years exp. (32 salaries)	Unlock ₹6 L/yr - ₹13 L/yr

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Last Updated: 2 Mar 2025

Companies similar to ICICI Bank for Manager M1 in Mumbai

ICICI Bank Manager M1 Salary

1 - 17 years exp. (505 salaries)

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₹4.5 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager M1 Salary 5 - 13 years exp. (23 salaries)	Unlock ₹6 L/yr - ₹13.3 L/yr 20% less
Axis Bank Manager M1 Salary 5 - 12 years exp. (18 salaries)	Unlock ₹6 L/yr - ₹11 L/yr 22% less
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Kotak Mahindra Bank Manager M1 Salary 2 - 12 years exp. (16 salaries)	Unlock ₹3.4 L/yr - ₹8.8 L/yr 43% less
ICICI Prudential Life Insurance Manager M1 Salary 1 - 11 years exp. (25 salaries)	Unlock ₹6 L/yr - ₹9.5 L/yr 29% less
PwC Manager M1 Salary 4 - 10 years exp. (8 salaries)	Unlock ₹20 L/yr - ₹29.5 L/yr 143% more
Ernst & Young Manager M1 Salary 6 - 13 years exp. (7 salaries)	Unlock ₹20 L/yr - ₹30 L/yr 152% more
Flipkart Manager M1 Salary 10 - 13 years exp. (3 salaries)	Unlock ₹13.6 L/yr - ₹14.1 L/yr 31% more
IndusInd Bank Manager M1 Salary 4 - 9 years exp. (7 salaries)	Unlock ₹5.7 L/yr - ₹8.8 L/yr 36% less
RBL Bank Manager M1 Salary 5 - 15 years exp. (7 salaries)	Unlock ₹6.8 L/yr - ₹9.2 L/yr 23% less
Yes Bank Manager M1 Salary 2 - 10 years exp. (6 salaries)	Unlock ₹5.5 L/yr - ₹10.1 L/yr 29% less
IDFC FIRST Bank Manager M1 Salary 6 - 12 years exp. (6 salaries)	Unlock ₹5.5 L/yr - ₹8.5 L/yr 32% less
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Bandhan Bank Manager M1 Salary 9 - 11 years exp. (3 salaries)	Unlock ₹7.2 L/yr - ₹9.5 L/yr 22% less

Manager M1 salary at ICICI Bank ranges between ₹4.5 Lakhs to ₹15 Lakhs per year for employees with experience between 1 year to 17 years. Salary estimates are based on 505 latest salaries received from various employees of ICICI Bank.

Latest annual salaries shared by ICICI Bank Manager M1 in Mumbai

5d ago

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4 years exp.

6d ago

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5 years exp.

6d ago

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9 years exp.

1w ago

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10 years exp.

1w ago

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4 years exp.

1w ago

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6 years exp.

1w ago

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4 years exp.

1w ago

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12 years exp.

1w ago

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8 years exp.

1w ago

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12 years exp.

Experience wise ICICI Bank Manager M1 salaries in Mumbai

Last Updated: 2 Mar 2025

Experience	Avg Annual Salary
1 year (12 salaries)	Unlock ₹6.2 L/yr - ₹13.5 L/yr
2 years (26 salaries)	Unlock ₹5.4 L/yr - ₹14 L/yr
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3 years (67 salaries)	Unlock ₹5.5 L/yr - ₹15 L/yr
4 years (40 salaries)	Unlock ₹4.5 L/yr - ₹15 L/yr
5 years (39 salaries)	Unlock ₹5.5 L/yr - ₹15 L/yr
6 years (33 salaries)	Unlock ₹6 L/yr - ₹14.1 L/yr
7 years (34 salaries)	Unlock ₹5.9 L/yr - ₹12.8 L/yr
8 years (34 salaries)	Unlock ₹6.4 L/yr - ₹13.5 L/yr
9 years (37 salaries)	Unlock ₹6.4 L/yr - ₹13.8 L/yr
10 years (49 salaries)	Unlock ₹7.1 L/yr - ₹15 L/yr
11 years (34 salaries)	Unlock ₹7.2 L/yr - ₹13.6 L/yr
12 years (29 salaries)	Unlock ₹7.5 L/yr - ₹12.3 L/yr
13 years (24 salaries)	Unlock ₹7 L/yr - ₹12.6 L/yr
14 years (18 salaries)	Unlock ₹7 L/yr - ₹12.6 L/yr
15+ years (29 salaries)	Unlock ₹7.4 L/yr - ₹13 L/yr

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₹2 L/yr - ₹10.55 L/yr

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₹3.25 L/yr - ₹10.39 L/yr

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Salary related reviews for ICICI Bank

3.9

Rated by 41 employees for salary & benefits

Manager M1 in Hyderabad / Secunderabad

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.

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.

Skill development - Bad

+5 more

Manager M1 in Hyderabad / Secunderabad

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.

Skill development - Bad

+3 more

Branch Manager in Macherla

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.

Relationship Manager in Jalgaon

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.

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.

Salary - Bad

+3 more

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

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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 Manager M1 Salary FAQs

What is the salary of Manager M1 at ICICI Bank Mumbai?

Manager M1 salary at ICICI Bank in Mumbai ranges between ₹4.5 Lakhs to ₹15.0 Lakhs for experience between 1 years to 17 years. According to our estimates it is 4% less than the average Manager M1 Salary in India. Salary estimates are based on 505 latest salaries received from various employees of ICICI Bank Mumbai.

How does the salary of a Manager M1 at ICICI Bank Mumbai compare with the average salary range for this job?

The average salary of a Manager M1 at ICICI Bank is 4% less than the average salary of a Manager M1 in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than ICICI Bank to a Manager M1 in Mumbai?

Ernst & Young Manager M1 Salary - ₹20.0 Lakhs to ₹30.0 Lakhs per year
PwC Manager M1 Salary - ₹20.0 Lakhs to ₹29.5 Lakhs per year
Flipkart Manager M1 Salary - ₹13.6 Lakhs to ₹14.1 Lakhs per year

What is the salary of a Manager M1 in companies similar to ICICI Bank in Mumbai?

HDFC Bank Manager M1 Salary - ₹6.0 Lakhs to ₹13.3 Lakhs per year
Bandhan Bank Manager M1 Salary - ₹7.2 Lakhs to ₹9.5 Lakhs per year
Axis Bank Manager M1 Salary - ₹6.0 Lakhs to ₹11.0 Lakhs per year
RBL Bank Manager M1 Salary - ₹6.8 Lakhs to ₹9.2 Lakhs per year
ICICI Prudential Life Insurance Manager M1 Salary - ₹6.0 Lakhs to ₹9.5 Lakhs per year

What is the estimated take home salary of a Manager M1 at ICICI Bank in Mumbai?

The estimated take-home salary of a Manager M1 at ICICI Bank ranges between ₹76,446 per month to ₹78,429 per month in Mumbai. The take-home salary calculation is based on the average ICICI Bank Manager M1 salary in India which ranges between ₹4.5 Lakhs to ₹15.0 Lakhs per year for employees with experience between 1 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at ICICI Bank in Mumbai?

According to AmbitionBox, 84% of the ICICI Bank Manager M1s in Mumbai reported a notice period of 1 Month, 6% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 475 responses on AmbitionBox in last 2 years.

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ICICI Bank Manager M1 Salaries in Mumbai

ICICI Bank Manager M1 salary in Mumbai ranges between ₹4.5 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 505 ICICI Bank latest salaries received from various employees of ICICI Bank.