ICICI Securities Mumbai Cluster Manager Salaries by 4 Employees

11 - 14 years exp.

₹12 Lakhs - ₹12.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

20% more than the average Cluster Manager Salary in Financial Services Companies for 11 - 14 years of experience

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Last Updated: 15 Mar 2023

Companies similar to ICICI Securities for Cluster Manager in Mumbai

ICICI Securities Cluster Manager Salary

11 - 14 years exp. (4 salaries)

₹12 L/yr - ₹12.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Motilal Oswal Financial Services Cluster Manager Salary 6 - 17 years exp. (7 salaries)	₹4.9 L/yr - ₹15 L/yr 14% less
Aditya Birla Capital Cluster Manager Salary 0 - 10 years exp. (7 salaries)	₹7 L/yr - ₹13 L/yr 28% less
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Kotak Securities Cluster Manager Salary 8 - 12 years exp. (6 salaries)	₹3.9 L/yr - ₹6 L/yr 52% less
SBI Securities Cluster Manager Salary 9 - 17 years exp. (4 salaries)	₹6.6 L/yr - ₹7 L/yr 44% less
Reliance Retail Cluster Manager Salary 9 - 20 years exp. (40 salaries)	₹6.5 L/yr - ₹17 L/yr 2% more

Cluster Manager salary at ICICI Securities ranges between ₹12 Lakhs to ₹12.1 Lakhs per year for employees with experience between 11 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Securities.

Experience wise ICICI Securities Cluster Manager salaries in Mumbai

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
12 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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13 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.9 L/yr
14 years (AmbitionBox Estimate)	₹10.9 L/yr - ₹13.9 L/yr

From

Cluster Manager

₹

Lakhs/yr

3 - 16 years exp.

Assistant Vice President

₹

Lakhs/yr

7 - 20 years exp.

Cluster Manager 3 - 16 years exp.

Senior Cluster Manager 11 - 14 years exp.

32% hike

Assistant Vice President 7 - 20 years exp.

89% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in ICICI Securities

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(59 salaries)

₹2 L/yr - ₹8 L/yr

Sales Manager Salary

(44 salaries)

₹2 L/yr - ₹4 L/yr

Branch Manager Salary

(32 salaries)

₹5.1 L/yr - ₹8.6 L/yr

Deputy Manager Salary

(6 salaries)

₹4.15 L/yr - ₹6 L/yr

Salary related reviews for ICICI Securities

2.0

Rated by 1 employees for salary & benefits

Senior Sales Manager in Ahmedabad

Full Time

Sales & Business Development Department

3.0

• posted on 31 Oct 2023

4.0

for Salary and Benefits

Likes

...you can learn a new things from bank branches and also from bank employees......salary hike is good

Salary - Good

+2 more

Dislikes

There is senior sales manager role is like a regional head but no senior support and no system allocation to us so wrost about a system

Work satisfaction - Poor

+1 more

Relationship Manager in Mumbai

Sales Department

2.0

• posted on 14 Jun 2021

2.0

for Salary and Benefits

Likes

... pays less but there's at least mental peace to an extent and work life balance. The only good thing at ICICI Securities is salary for freshers.

Dislikes

The culture and the bosses. Everyone cares about sales here. If you don't do sales, don't achieve targets then they would treat you like sh"t and take out your work life balance because you will be made to work for like 12 hours a day. Nobody cares except sales in this company.

Salary - Poor

+6 more

AVP in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

2.0

• posted on 29 Nov 2024

4.0

for Salary and Benefits

Likes

-compensation -work/life balance

Salary - Good

+2 more

Dislikes

-people and culture. still working in era of 5 day week with people having pseudo seniority complex. - no infra for newer tech. still stuck in ProC and Oracle. Microservice is an alien concept here

Skill development - Bad

+3 more

Senior Relationship Manager in Chennai

Full Time

Marketing & Communication Department

1.0

• posted on 16 Dec 2023

2.0

for Salary and Benefits

Likes

If you complete your target (depending on manager demand), you can enjoy bonus.

Dislikes

Traget pressure can make you a cold-blooded person because you need to acquire new clients every day. There are a total of 17 products you need to sell to the customers by calling them and asking them to invest. If you have a big family or friends circle, you can join this company because you can ask your friends or family to open an account, which will be easy to achieve weekly and monthly target.

Salary - Poor

+4 more

Assistant Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 06 Aug 2024

5.0

for Salary and Benefits

Likes

...nings and growth to the Securities Market as well as in my Career Opportunities. The benefits and compensation, HR policies were also good which helped me to become financially independent person. Thank you ICICI Securities for giving me all this and I would love to be the part of this organisation again!

Salary - Excellent

+6 more

Dislikes

At times it was hard to handle the excessive pressure but was manageable. Also, to take leaves was really a tough job when it is genuinely needed and you have leave balance left.

see more salary related reviews

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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 Securities Cluster Manager Salary FAQs

What is the salary of Cluster Manager at ICICI Securities in Mumbai?

The average salary of a Cluster Manager at ICICI Securities in Mumbai typically ranges from ₹12.0 Lakhs to ₹12.1 Lakhs per year, depending on experience (from 11 years to 14 years).

The top 10% of Cluster Manager in Mumbai at ICICI Securities earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Cluster Manager Salaries at ICICI Securities 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 Securities employees in India.

What is the estimated take home salary of a Cluster Manager at ICICI Securities in Mumbai?

The estimated take-home salary of a Cluster Manager at ICICI Securities in Mumbai typically ranges from ₹85,554 to ₹87,794 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹12.1 Lakhs per year for employees with experience ranging from 11 years to 14 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 Securities. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ICICI Securities for Cluster Manager in India?

Reliance Retail

₹6.5 Lakhs to ₹17.0 Lakhs per year

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

What is the salary of a Cluster Manager in companies similar to ICICI Securities in Mumbai?

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

Motilal Oswal Financial Services	₹4.9 Lakhs to ₹15.0 Lakhs per year
Aditya Birla Capital	₹7.0 Lakhs to ₹13.0 Lakhs per year
SBI Securities	₹6.6 Lakhs to ₹7.0 Lakhs per year
Kotak Securities	₹3.9 Lakhs to ₹6.0 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 Cluster Manager at ICICI Securities in Mumbai?

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

Experience	Average Salary Range
11 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
12 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
13 years	₹10.8 Lakhs to ₹13.9 Lakhs per year
14 years	₹10.9 Lakhs to ₹13.9 Lakhs per year

and so on.

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ICICI Securities Cluster Manager Salaries in Mumbai

ICICI Securities Cluster Manager salary in Mumbai ranges between ₹12 Lakhs to ₹12.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ICICI Securities latest salaries received from various employees of ICICI Securities.