ICICI Bank Mumbai Portfolio Manager Salaries by 8 Employees (Updated 2025)

3 - 6 years exp.

₹5 Lakhs - ₹18 Lakhs

Salary of majority employees

At par with the average Portfolio Manager Salary in Banking Companies for 3 - 6 years of experience

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Salaries in different departments

Product Management Portfolio Manager Salary 3 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹17.6 L/yr
Strategic & Top Management Portfolio Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹13.2 L/yr - ₹15 L/yr
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BFSI, Investments & Trading Portfolio Manager Salary 6 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹11.1 L/yr
Marketing & Communication Portfolio Manager Salary 4 years exp. (AmbitionBox Estimate)	₹11.6 L/yr - ₹14 L/yr

Last Updated: 7 Jan 2025

Companies similar to ICICI Bank for Portfolio Manager in Mumbai

ICICI Bank Portfolio Manager Salary

3 - 6 years exp. (8 salaries)

₹5 L/yr - ₹18 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Portfolio Manager Salary 0 - 9 years exp. (30 salaries)	₹6 L/yr - ₹18.5 L/yr 13% more
IDFC FIRST Bank Portfolio Manager Salary 1 - 10 years exp. (17 salaries)	₹7.8 L/yr - ₹15.3 L/yr At par
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Kotak Mahindra Bank Portfolio Manager Salary 3 - 12 years exp. (15 salaries)	₹3 L/yr - ₹10.8 L/yr 50% less
Yes Bank Portfolio Manager Salary 2 - 7 years exp. (11 salaries)	₹6.8 L/yr - ₹25.3 L/yr 30% more
Axis Bank Portfolio Manager Salary 1 - 8 years exp. (11 salaries)	₹4.2 L/yr - ₹14.3 L/yr 17% less
Standard Chartered Portfolio Manager Salary 2 - 7 years exp. (7 salaries)	₹10 L/yr - ₹29.5 L/yr 43% more
IndusInd Bank Portfolio Manager Salary 3 - 7 years exp. (4 salaries)	₹6.5 L/yr - ₹9.7 L/yr 34% less	8 job openings
DBS Bank Portfolio Manager Salary 7 - 15 years exp. (3 salaries)	₹5.8 L/yr - ₹15.6 L/yr 10% less	2 job openings
NatWest Group Portfolio Manager Salary 1 - 10 years exp. (3 salaries)	₹11.3 L/yr - ₹23 L/yr 36% more

Portfolio Manager salary at ICICI Bank ranges between ₹5 Lakhs to ₹18 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 8 latest salaries received from various employees of ICICI Bank.

Experience wise ICICI Bank Portfolio Manager salaries in Mumbai

Last Updated: 7 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.4 L/yr
4 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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5 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
6 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹14.6 L/yr

Similar Designation salaries in ICICI Bank

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Salary related reviews for ICICI Bank

1.0

Rated by 1 employees for salary & benefits

Portfolio Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 08 Jun 2023

1.0

for Salary and Benefits

Likes

Salary is at oar with industry standards, the only part which is fine

Job security - Good

Dislikes

Terrible leave policy for new joinee, a few mid-level managers in commercial banking has come from retail banking and they treat it the same, making the customers and the employees suffer! Hence, high attrition

Salary - Bad

+4 more

Product Manager in Mumbai

Full Time

Product Management Department

3.0

• posted on 03 Aug 2023

4.0

for Salary and Benefits

Likes

Salary and perks are good.

Salary - Good

+2 more

Dislikes

Work culture is terrible. Unnecessary toxicity, poor environment in office, rude seniors and one might face harassment from seniors. If you get good team and senior , consider yourself lucky or else its worst.

Work satisfaction - Poor

+2 more

Business Analyst in Pune

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 27 Jun 2023

2.0

for Salary and Benefits

Likes

Work life balance and job securities

Job security - Good

+1 more

Dislikes

Job security id there so anyone can survive if they are not performing too, salary is low and promotion and appraisal is rare if you are not from sponsored/Tie up colleges.

Salary - Poor

+3 more

Product Manager in Mumbai

Full Time

Finance & Accounting Department

5.0

• posted on 04 Oct 2022

3.0

for Salary and Benefits

Likes

Great working experience. Work culture is good. Can learn new things and grow. Job security is there.

Skill development - Excellent

+4 more

Dislikes

Salary and & monetary benefits are not satisfactory. Promotion amd appraisal process is not motivating.

Product Manager in Mumbai

Full Time

Product Management Department

3.0

• posted on 26 Jan 2022

1.0

for Salary and Benefits

Likes

Product team culture is different from the branch and operations team. Fairly interesting work, experienced seniors, progressive work culture, youthful peer. The bank has been a leader in technology (good for PMs). Unlimited sick leaves, good insurance policies. Swanky corporate offices with nice cafeteria and other facilities.

Skill development - Good

+4 more

Dislikes

Poor pay/hike compared to other PMs. No parity in pay. Product function is still evolving. It's more of a project management function. Bureaucratic decision making process. Hikes be based only on overall performance of team and bank. Promotions will be on vintage. No motivation to perform since free riders now have more reasons to free ride. Some weird policies during Covid- employees were asked to wfh from base locations even if the role does not require visiting office.

Salary - Bad

+1 more

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What people are saying about ICICI Bank

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Hi folks, I have been working for ICICI bank for the past 1.5 Years (DM1), first they kept in branch banking and now im in VRM channel which customer doesn't understand and takes up as customer care, work pressure is comparatively low (although ICICI has great work culture) but i am thinking of switching to Genpact(MT) will this be suitable ?The major reason for that is i was a bank PO and not customer service executive, secondly I'll get to go near my home town. Please suggest

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ICICI Bank Portfolio Manager Salary FAQs

What is the salary of Portfolio Manager at ICICI Bank in Mumbai?

The average salary of a Portfolio Manager at ICICI Bank in Mumbai typically ranges from ₹5.0 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Portfolio Manager in Mumbai at ICICI Bank earn more than ₹17.9 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Portfolio Manager 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 8 ICICI Bank employees in India.

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

The estimated take-home salary of a Portfolio Manager at ICICI Bank in Mumbai typically ranges from ₹83,970 to ₹86,165 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 3 years to 6 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 8 salaries received from various employees of ICICI Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ICICI Bank for Portfolio Manager in India?

Standard Chartered	₹10.0 Lakhs to ₹29.5 Lakhs per year
NatWest Group	₹11.3 Lakhs to ₹23.0 Lakhs per year
Yes Bank	₹6.8 Lakhs to ₹25.3 Lakhs per year
HDFC Bank	₹6.0 Lakhs to ₹18.5 Lakhs per year
IDFC FIRST Bank	₹7.8 Lakhs to ₹15.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Bank, depending on the role and experience level.

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

The salary of a Portfolio Manager at companies similar to ICICI Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

DBS Bank	₹5.8 Lakhs to ₹15.6 Lakhs per year
Axis Bank	₹4.2 Lakhs to ₹14.3 Lakhs per year
IndusInd Bank	₹6.5 Lakhs to ₹9.7 Lakhs per year
Kotak Mahindra Bank	₹3.0 Lakhs to ₹10.8 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 Portfolio Manager at ICICI Bank in Mumbai?

The salary growth for a Portfolio Manager at ICICI Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Portfolio Manager in Mumbai can expect the following growth trajectory at ICICI Bank:

Experience	Average Salary Range
3 years	₹10.5 Lakhs to ₹13.4 Lakhs per year
4 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
5 years	₹11.1 Lakhs to ₹14.2 Lakhs per year
6 years	₹11.4 Lakhs to ₹14.6 Lakhs per year

and so on.

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ICICI Bank Portfolio Manager Salaries in Mumbai

ICICI Bank Portfolio Manager salary in Mumbai ranges between ₹5 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 ICICI Bank latest salaries received from various employees of ICICI Bank.