ICICI Direct Manager M1 Salaries by 7 Employees (Updated 2025)

2 - 9 years exp.

₹5 Lakhs - ₹6.5 Lakhs

Salary of majority employees

51% less than the average Manager M1 Salary in Financial Services Companies for 2 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 2 - 6 years exp. (4 salaries)	₹5 L/yr - ₹6 L/yr
Sales & Business Development Manager M1 Salary 6 - 9 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr
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Customer Success, Service & Operations Manager M1 Salary 7 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.2 L/yr

Last Updated: 2 Oct 2024

Companies similar to ICICI Direct for Manager M1

Company name	Avg Annual Salary	Open Jobs
HDFC Securities Manager M1 Salary 8 - 16 years exp. (6 salaries)	₹8.5 L/yr - ₹9.4 L/yr 54% more
Kotak Securities Manager M1 Salary 2 - 12 years exp. (5 salaries)	₹5.9 L/yr - ₹8 L/yr 26% more
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Angel One Manager M1 Salary 10 - 12 years exp. (3 salaries)	₹5.2 L/yr - ₹6 L/yr At par
Axis Direct Manager M1 Salary 2 - 20 years exp. (4 salaries)	₹6.4 L/yr - ₹13 L/yr 64% more
Geojit Financial Services Manager M1 Salary 5 - 14 years exp. (3 salaries)	₹4.5 L/yr - ₹11 L/yr 22% more

Manager M1 salary at ICICI Direct ranges between ₹5 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 7 latest salaries received from various employees of ICICI Direct.

Experience wise ICICI Direct Manager M1 salaries

Last Updated: 2 Oct 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹5.5 L/yr
3 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
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4 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹9.9 L/yr
5 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.2 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6 L/yr
7 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.5 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
9 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.2 L/yr

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Similar Designation salaries in ICICI Direct

Team Manager Salary

(4 salaries)

₹3.6 L/yr - ₹6 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹4.4 L/yr - ₹5.6 L/yr

Branch Manager Salary

(26 salaries)

₹5.15 L/yr - ₹8 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹4.2 L/yr - ₹5.4 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹3.9 L/yr - ₹4.9 L/yr

Cluster Manager Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Operations Manager Salary

(3 salaries)

₹3.5 L/yr - ₹6 L/yr

Relationship Manager Salary

(46 salaries)

₹1.8 L/yr - ₹5.55 L/yr

Deputy Branch Manager Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Salary related reviews for ICICI Direct

4.0

Rated by 1 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

Assistant Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 13 Oct 2023

3.0

for Salary and Benefits

Likes

Despite of good salary, I couldn't get good working environment over here as much politics are here as my own boss do not want to help me out in my case. Even all other person knows how unevenly he distinguishes his team members. At the end, I would say that you should not work here on a shop floor level, either you join at one step higher level post.

Dislikes

The worst part of my employment journey was experienced in ICICI where I was forced by my supervisor to leave the company. Such a terrifying situation!!

Skill development - Bad

+4 more

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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ICICI Direct Manager M1 Salary FAQs

What is the salary of Manager M1 at ICICI Direct?

Manager M1 salary at ICICI Direct in India ranges between ₹5.0 Lakhs to ₹6.5 Lakhs for experience between 2 years to 9 years. According to our estimates it is 51% less than the average Manager M1 Salary in India. Salary estimates are based on 7 latest salaries received from various employees of ICICI Direct India.

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

The average salary of a Manager M1 at ICICI Direct is 51% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than ICICI Direct to a Manager M1 in India?

Axis Direct Manager M1 Salary - ₹6.4 Lakhs to ₹13.0 Lakhs per year
HDFC Securities Manager M1 Salary - ₹8.5 Lakhs to ₹9.4 Lakhs per year
Kotak Securities Manager M1 Salary - ₹5.9 Lakhs to ₹8.0 Lakhs per year
Geojit Financial Services Manager M1 Salary - ₹4.5 Lakhs to ₹11.0 Lakhs per year
Angel One Manager M1 Salary - ₹5.2 Lakhs to ₹6.0 Lakhs per year

What is the estimated take home salary of a Manager M1 at ICICI Direct in India?

The estimated take-home salary of a Manager M1 at ICICI Direct ranges between ₹43,389 per month to ₹44,504 per month in India. The take-home salary calculation is based on the average ICICI Direct Manager M1 salary in India which ranges between ₹5.0 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at ICICI Direct?

According to AmbitionBox, 67% of the ICICI Direct Manager M1s reported a notice period of 3 Months, 16% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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ICICI Direct Manager M1 Salaries

ICICI Direct Manager M1 salary in India ranges between ₹5 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 ICICI Direct latest salaries received from various employees of ICICI Direct.