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ICICI Bank Senior Manager 2 salaries in Mumbai

Annual salary range
6 - 17 years exp.
₹10.3 Lakhs - ₹20 Lakhs
Salary of majority employees
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36% less than the average Senior Manager 2 Salary in Banking Companies for 6 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Manager 2 Salary
12 - 17 years exp. (8 salaries)
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₹10.3 L/yr - ₹14.8 L/yr

Finance & Accounting
Senior Manager 2 Salary
6 - 15 years exp. (4 salaries)
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₹12.5 L/yr - ₹20 L/yr

Risk Management & Compliance
Senior Manager 2 Salary
10 - 12 years exp. (3 salaries)
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₹16.7 L/yr - ₹18 L/yr

Engineering - Software & QA
Senior Manager 2 Salary
15 - 16 years exp. (AmbitionBox Estimate)
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₹15.2 L/yr - ₹17.5 L/yr

Sales & Business Development
Senior Manager 2 Salary
14 years exp. (AmbitionBox Estimate)
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₹15 L/yr - ₹16.4 L/yr

Last Updated: 25 Nov 2024

Companies similar to ICICI Bank for Senior Manager 2 in Mumbai

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ICICI Bank Senior Manager 2 Salary

6 - 17 years exp. (20 salaries)

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₹10.3 L/yr - ₹20 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Axis Bank Senior Manager 2 Salary

9 - 15 years exp. (6 salaries)

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₹12.3 L/yr - ₹16 L/yr

arrow icon 9% less
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Kotak Mahindra Bank Senior Manager 2 Salary

7 - 12 years exp. (5 salaries)

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₹8.8 L/yr - ₹15.5 L/yr

arrow icon 22% less
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HDFC Bank Senior Manager 2 Salary

11 - 18 years exp. (4 salaries)

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₹7 L/yr - ₹16 L/yr

arrow icon 26% less
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₹15 L/yr - ₹32.8 L/yr

arrow icon 52% more
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Zepto Senior Manager 2 Salary

3 - 13 years exp. (16 salaries)

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₹18 L/yr - ₹37.5 L/yr

arrow icon 57% more
Senior Manager 2 salary at ICICI Bank ranges between ₹10.3 Lakhs to ₹20 Lakhs per year for employees with experience between 6 years to 17 years. Salary estimates are based on 20 latest salaries received from various employees of ICICI Bank.

Latest annual salaries shared by ICICI Bank Senior Manager 2 in Mumbai

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11 years exp.
7mo ago
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10 years exp.
8mo ago
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6 years exp.
10mo ago
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17 years exp.
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16 years exp.
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16 years exp.
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13 years exp.
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12 years exp.
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12 years exp.
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16 years exp.

Experience wise ICICI Bank Senior Manager 2 salaries in Mumbai

Last Updated: 25 Nov 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹6.4 L/yr - ₹18.5 L/yr
7 years (AmbitionBox Estimate)

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₹6.4 L/yr - ₹20 L/yr
8 years (AmbitionBox Estimate)

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₹14.4 L/yr - ₹18.4 L/yr
9 years (AmbitionBox Estimate)

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₹14.3 L/yr - ₹18.3 L/yr
10 years (AmbitionBox Estimate)

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₹14.3 L/yr - ₹18 L/yr
View all

Similar Designation salaries in ICICI Bank

Deputy Manager Salary
(3.6k salaries)
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₹2.5 L/yr - ₹10.55 L/yr
Credit Manager Salary
(559 salaries)
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₹4 L/yr - ₹17.41 L/yr
Senior Associate Salary
(124 salaries)
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₹1.5 L/yr - ₹3.8 L/yr
Finance Manager Salary
(33 salaries)
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₹6.09 L/yr - ₹20 L/yr
Audit Manager Salary
(16 salaries)
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₹6.3 L/yr - ₹18 L/yr
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₹8.02 L/yr - ₹18 L/yr
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₹6.37 L/yr - ₹10.95 L/yr
Senior Analyst Salary
(3 salaries)
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₹1.75 L/yr - ₹7.34 L/yr

Salary related reviews for ICICI Bank

2.7

Rated by 3 employees for salary & benefits

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

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 27 Nov 2024

4.0
 for  Salary and Benefits

Likes

....Work life balance is good for me as we don't have too much pressure and stress. Salary and other benefits are also good. There is no appraisal system, therefore no leg pulling or working in silos is there which is very important for big organisation especially established banks. This very boon also have some cons like there are fixed increament at annual level which are close to 9% at mid management level and 4-5% at leadership levels. Additionally, the promotion happens in every 3 yrs(which is fixed based on your work experience and education level) till you reach leadership level and with each promotion you get salary hike of around 25% and from CM1 level you start to get Esops as well. Furthermore, there are fixed working hours from 9:15-5:15 for me and strictly no work from home policy. You have to be present physically everyday at ofc. Overall company culture is good like other corporates. In branch level things and experience might defer. Overall in my opinion better than other indian banks.

read more
  • Salary - Good
  • +4 more

Dislikes

Work from office for 6 days policy, with alternate Saturday's off. Others, You can read it in like section only, mentioned there

read more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 02 Nov 2024

5.0
 for  Salary and Benefits

Likes

Appraisal is fixed in every 3 year, salary increment is fixed, good bonus, good HR policy

read more
  • Salary - Excellent
  • +3 more

Dislikes

You will have to do multiple work at a time, office time is very strict for coming but not for going. You will be threatened multiple times for sending back you to HR, or getting warning mails and memos which make the job security very low for the organisation No work life balance good if you are bachler or not married

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  • Work-life balance - Bad

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.

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  • Job security - Good
  • +3 more

Dislikes

CTC Complexities Internal department change is not easy

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.

read more
  • Skill development - Poor
  • +3 more
see more salary related reviews

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ICICI Bank Senior Manager 2 Salary FAQs

What is the salary of Senior Manager 2 at ICICI Bank in Mumbai?
The average salary of a Senior Manager 2 at ICICI Bank in Mumbai typically ranges from ₹10.3 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 6 years to 17 years).

The top 10% of Senior Manager 2 in Mumbai at ICICI Bank earn more than ₹18.3 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Senior Manager 2 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 20+ ICICI Bank employees in India.
What is the estimated take home salary of a Senior Manager 2 at ICICI Bank in Mumbai?
The estimated take-home salary of a Senior Manager 2 at ICICI Bank in Mumbai typically ranges from ₹1,07,921 to ₹1,10,899 per month. This is based on the average salary range of ₹10.3 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 6 years to 17 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 20+ 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 Senior Manager 2 in India?
Zepto ₹18.0 Lakhs to ₹37.5 Lakhs per year
ICICI Prudential Life Insurance ₹15.0 Lakhs to ₹32.8 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 Senior Manager 2 in companies similar to ICICI Bank in Mumbai?
The salary of a Senior Manager 2 at companies similar to ICICI Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank ₹12.3 Lakhs to ₹16.0 Lakhs per year
Kotak Mahindra Bank ₹8.8 Lakhs to ₹15.5 Lakhs per year
HDFC Bank ₹7.0 Lakhs to ₹16.0 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 Senior Manager 2 at ICICI Bank in Mumbai?
The salary growth for a Senior Manager 2 at ICICI Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Manager 2 in Mumbai can expect the following growth trajectory at ICICI Bank:

Experience Average Salary Range
6 years ₹6.4 Lakhs to ₹18.5 Lakhs per year
7 years ₹6.4 Lakhs to ₹20.0 Lakhs per year
8 years ₹14.4 Lakhs to ₹18.4 Lakhs per year
9 years ₹14.3 Lakhs to ₹18.3 Lakhs per year
and so on.

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ICICI Bank Senior Manager 2 salary in Mumbai ranges between ₹10.3 Lakhs to ₹20 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 20 ICICI Bank latest salaries received from various employees of ICICI Bank.