ICICI Direct Mumbai Branch Manager Salaries by 4 Employees

4 - 6 years exp.

₹5.5 Lakhs - ₹7.3 Lakhs

Salary of majority employees

33% less than the average Branch Manager Salary in Financial Services Companies for 4 - 6 years of experience

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Salaries in different departments

Product Management Branch Manager Salary 4 - 6 years exp. (3 salaries)	₹5.5 L/yr - ₹7.3 L/yr
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Customer Success, Service & Operations Branch Manager Salary 5 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹7.8 L/yr

Last Updated: 15 Mar 2023

Companies similar to ICICI Direct for Branch Manager in Mumbai

ICICI Direct Branch Manager Salary

4 - 6 years exp. (4 salaries)

₹5.5 L/yr - ₹7.3 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Branch Manager Salary 5 - 20 years exp. (223 salaries)	₹6.3 L/yr - ₹25 L/yr 101% more
Kotak Mahindra Bank Branch Manager Salary 7 - 20 years exp. (139 salaries)	₹7.5 L/yr - ₹25.6 L/yr 152% more	1 job opening
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Yes Bank Branch Manager Salary 7 - 19 years exp. (83 salaries)	₹8.3 L/yr - ₹26 L/yr 123% more	3 job openings
IIFL Finance Branch Manager Salary 2 - 15 years exp. (78 salaries)	₹2.2 L/yr - ₹7 L/yr 28% less	8 job openings
IndusInd Bank Branch Manager Salary 7 - 20 years exp. (77 salaries)	₹7.6 L/yr - ₹25 L/yr 125% more	15 job openings

Branch Manager salary at ICICI Direct ranges between ₹5.5 Lakhs to ₹7.3 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Direct.

Experience wise ICICI Direct Branch Manager salaries in Mumbai

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹12.6 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7.3 L/yr
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6 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹7.3 L/yr

Similar Designation salaries in ICICI Direct

Sales Manager Salary

(9 salaries)

₹2 L/yr - ₹3.5 L/yr

Salary related reviews for ICICI Direct

3.2

Rated by 3 employees for salary & benefits

Branch Manager in Mumbai

Sales & Business Development Department

4.0

• posted on 18 May 2022

5.0

for Salary and Benefits

Likes

Flexibility in timing Great Incentive Abroad Contest Salary on Time

Salary - Excellent

+4 more

Dislikes

You have to sell everything - Life insurance Mutual funds PMS Home loan General Insurance Have to ensure that you complete your LI Target and Team Target also

Branch Manager in Kolkata

BFSI, Investments & Trading Department

1.0

• posted on 25 May 2019

3.0

for Salary and Benefits

Likes

I have done mistake to join ICICI Direct, it's Branch Head profile as offer letter but this is individual RM profile with extra responsibility.No one last here max to max 1yr (my experience from EAST) so JOB insecure they remind it every time.1 or 2 old because they joined as management trainee so don't know a healthy environment. i have worked here 2 and half year and performance wise also good but the culture in icici direct like LALA Company, middle hierarchy are really painful. the way they harassment god help .

Dislikes

Middle hierarchy harass and abuse openly and local HR helpless ,they work for their bonus and salary, HR System totally failed even they for middle hierarchy not for company

Job security - Bad

+4 more

Senior Relationship Manager in Chandigarh

Full Time

Other Department

3.0

• posted on 14 Sep 2024

3.0

for Salary and Benefits

Likes

They work on skill development and takes webinar on regular basis Salary credit timely.

Skill development - Good

+1 more

Dislikes

They involves juniors in Office politics Mukesh kapri zonal head of Chandigarh he is the worst person professionaly and personally you will even met you can't work under him or with him

Promotions - Bad

+3 more

Sales Officer in Thiruvananthapuram

Full Time

Human Resources Department

4.0

• posted on 01 Jul 2022

2.0

for Salary and Benefits

Likes

A person who is really business oriented and is ready to be hardworking in banking field, can find excellent opportunity at ICICI Bank.

Skill development - Good

+3 more

Dislikes

The salary package is really low, salary package and clearance amount should be fully given(including deductions).

Salary - Poor

Senior Sales Manager in Lucknow

Full Time

Sales & Business Development Department

1.0

• posted on 13 Nov 2022

1.0

for Salary and Benefits

Likes

Only one thing SMs just like one man army.SMs are doing everything thing for example sales,sevice,genrate SR,manage bank employee and seniors also just in14000-15000 Rs salary per month

Dislikes

Promotion. Why I dislike promotion because off corporate promote only for target not increase salary ultimately making fool thems employees and that's a masterstrok for corporate side...hahahahahahahaha

Salary - Bad

+6 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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ICICI Direct Branch Manager Salary FAQs

What is the salary of Branch Manager at ICICI Direct in Mumbai?

The average salary of a Branch Manager at ICICI Direct in Mumbai typically ranges from ₹5.5 Lakhs to ₹7.3 Lakhs per year, depending on experience (from 4 years to 6 years).

The top 10% of Branch Manager in Mumbai at ICICI Direct earn more than ₹7.3 Lakhs per year, and the top 1% earn over ₹7.3 Lakhs per year. Branch Manager Salaries at ICICI Direct 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 4 ICICI Direct employees in India.

What is the estimated take home salary of a Branch Manager at ICICI Direct in Mumbai?

The estimated take-home salary of a Branch Manager at ICICI Direct in Mumbai typically ranges from ₹53,635 to ₹54,972 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹7.3 Lakhs per year for employees with experience ranging from 4 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 4 salaries received from various employees of ICICI Direct. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ICICI Direct for Branch Manager in India?

Kotak Mahindra Bank	₹7.5 Lakhs to ₹25.6 Lakhs per year
IndusInd Bank	₹7.6 Lakhs to ₹25.0 Lakhs per year
Yes Bank	₹8.3 Lakhs to ₹26.0 Lakhs per year
ICICI Bank	₹6.3 Lakhs to ₹25.0 Lakhs per year

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

What is the salary of a Branch Manager in companies similar to ICICI Direct in Mumbai?

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

IIFL Finance

₹2.2 Lakhs to ₹7.0 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 Branch Manager at ICICI Direct in Mumbai?

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

Experience	Average Salary Range
4 years	₹5.5 Lakhs to ₹12.6 Lakhs per year
5 years	₹2.8 Lakhs to ₹7.3 Lakhs per year
6 years	₹2.9 Lakhs to ₹7.3 Lakhs per year

and so on.

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ICICI Direct Branch Manager Salaries in Mumbai

ICICI Direct Branch Manager salary in Mumbai ranges between ₹5.5 Lakhs to ₹7.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ICICI Direct latest salaries received from various employees of ICICI Direct.