ICICI Direct Mumbai Relationship Manager Salaries by 6 Employees

1 - 3 years exp.

₹2.2 Lakhs - ₹5.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

19% less than the average Relationship Manager Salary in Financial Services Companies for 1 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Relationship Manager Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.6 L/yr
Finance & Accounting Relationship Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.3 L/yr
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Marketing & Communication Relationship Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.6 L/yr

Last Updated: 6 Jul 2024

Companies similar to ICICI Direct for Relationship Manager in Mumbai

ICICI Direct Relationship Manager Salary

1 - 3 years exp. (6 salaries)

₹2.2 L/yr - ₹5.6 L/yr

Company name	Avg Annual Salary	Open Jobs
PhillipCapital Relationship Manager Salary 0 - 5 years exp. (20 salaries)	₹3 L/yr - ₹8 L/yr 16% more	1 job opening
Sumitomo Mitsui Banking Corporation Relationship Manager Salary 3 - 11 years exp. (4 salaries)	₹20 L/yr - ₹27 L/yr 460% more
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ICICI Bank Relationship Manager Salary 0 - 19 years exp. (1.9k salaries)	₹3 L/yr - ₹11.4 L/yr 86% more	1 job opening
HDFC Bank Relationship Manager Salary 0 - 15 years exp. (829 salaries)	₹2.4 L/yr - ₹12 L/yr 69% more	68 job openings
Kotak Mahindra Bank Relationship Manager Salary 0 - 11 years exp. (460 salaries)	₹1.8 L/yr - ₹10 L/yr 40% more	6 job openings

Relationship Manager salary at ICICI Direct ranges between ₹2.2 Lakhs to ₹5.6 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 6 latest salaries received from various employees of ICICI Direct.

Experience wise ICICI Direct Relationship Manager salaries in Mumbai

Last Updated: 6 Jul 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
2 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr
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3 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr

Similar Designation salaries in ICICI Direct

Sales Manager Salary

(9 salaries)

₹2 L/yr - ₹3.5 L/yr

Branch Manager Salary

(4 salaries)

₹5.5 L/yr - ₹7.3 L/yr

Salary related reviews for ICICI Direct

3.0

Rated by 1 employees for salary & benefits

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

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

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

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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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ICICI Direct Relationship Manager Salary FAQs

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

The average salary of a Relationship Manager at ICICI Direct in Mumbai typically ranges from ₹2.2 Lakhs to ₹5.6 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Relationship Manager in Mumbai at ICICI Direct earn more than ₹5.6 Lakhs per year, and the top 1% earn over ₹5.6 Lakhs per year. Relationship 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 6 ICICI Direct employees in India.

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

The estimated take-home salary of a Relationship Manager at ICICI Direct in Mumbai typically ranges from ₹31,802 to ₹33,090 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹5.6 Lakhs per year for employees with experience ranging from 1 year to 3 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 6 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 Relationship Manager in India?

Sumitomo Mitsui Banking Corporation	₹20.0 Lakhs to ₹27.0 Lakhs per year
ICICI Bank	₹3.0 Lakhs to ₹11.4 Lakhs per year
HDFC Bank	₹2.4 Lakhs to ₹12.0 Lakhs per year
Kotak Mahindra Bank	₹1.8 Lakhs to ₹10.0 Lakhs per year
PhillipCapital	₹3.0 Lakhs to ₹8.0 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.

How the salary growth look like for a Relationship Manager at ICICI Direct in Mumbai?

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

Experience	Average Salary Range
1 year	₹3.8 Lakhs to ₹4.9 Lakhs per year
2 years	₹3.9 Lakhs to ₹4.9 Lakhs per year
3 years	₹3.9 Lakhs to ₹5.0 Lakhs per year

and so on.

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ICICI Direct Relationship Manager Salaries in Mumbai

ICICI Direct Relationship Manager salary in Mumbai ranges between ₹2.2 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 ICICI Direct latest salaries received from various employees of ICICI Direct.