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ICICI Securities Manager M1 salaries in Mumbai (Updated 2025)

Annual salary range
4 - 10 years exp.
₹4.3 Lakhs - ₹9 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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41% less than the average Manager M1 Salary in Financial Services Companies for 4 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager M1 Salary
4 - 10 years exp. (13 salaries)
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₹5.5 L/yr - ₹9 L/yr

Customer Success, Service & Operations
Manager M1 Salary
4 - 10 years exp. (6 salaries)
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₹4.7 L/yr - ₹7 L/yr

Finance & Accounting
Manager M1 Salary
5 - 9 years exp. (6 salaries)
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₹4.9 L/yr - ₹6.8 L/yr

Last Updated: 15 Mar 2025

Companies similar to ICICI Securities for Manager M1 in Mumbai

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ICICI Securities Manager M1 Salary

4 - 10 years exp. (27 salaries)

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₹4.3 L/yr - ₹9 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹6.2 L/yr - ₹11.3 L/yr

arrow icon 18% more
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ICICI Bank Manager M1 Salary

1 - 17 years exp. (510 salaries)

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₹4.5 L/yr - ₹17.3 L/yr

arrow icon 66% more
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₹6 L/yr - ₹9.9 L/yr

arrow icon 15% more
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Capgemini Manager M1 Salary

10 - 17 years exp. (26 salaries)

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₹9.4 L/yr - ₹24 L/yr

arrow icon 126% more
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HDFC Bank Manager M1 Salary

5 - 13 years exp. (22 salaries)

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₹6 L/yr - ₹10.5 L/yr

arrow icon 24% more
Manager M1 salary at ICICI Securities ranges between ₹4.3 Lakhs to ₹9 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 27 latest salaries received from various employees of ICICI Securities.

Latest annual salaries shared by ICICI Securities Manager M1 in Mumbai

3w ago
₹5.7 Lakhs
5 years exp.
2mo ago
₹7 Lakhs
8 years exp.
5mo ago
₹8 Lakhs
7 years exp.
5mo ago
₹9 Lakhs
9 years exp.
5mo ago
₹5.5 Lakhs
5 years exp.
6mo ago
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4 years exp.
8mo ago
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10 years exp.
9mo ago
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5 years exp.
10mo ago
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6 years exp.
10mo ago
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9 years exp.

Experience wise ICICI Securities Manager M1 salaries in Mumbai

Last Updated: 15 Mar 2025

Experience Avg Annual Salary
4 years  (3 salaries)

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₹4.3 L/yr - ₹7 L/yr
5 years  (7 salaries)

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₹4.7 L/yr - ₹7.2 L/yr
6 years  (6 salaries)

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₹4.7 L/yr - ₹8 L/yr
7 years  (4 salaries)

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₹4.9 L/yr - ₹8 L/yr
8 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.7 L/yr
View all

Similar Designation salaries in ICICI Securities

Branch Manager Salary
(32 salaries)
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₹5.1 L/yr - ₹8.6 L/yr
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₹5.75 L/yr - ₹9.5 L/yr
Team Lead Salary
(15 salaries)
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₹3 L/yr - ₹12 L/yr
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₹5 L/yr - ₹12 L/yr
Deputy Manager Salary
(6 salaries)
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₹4.15 L/yr - ₹6 L/yr
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₹12 L/yr - ₹12.08 L/yr
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₹4.7 L/yr - ₹5 L/yr

Salary related reviews for ICICI Securities

5.0

Rated by 2 employees for salary & benefits

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.

read more

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.

read more
  • Salary - Poor
  • +6 more

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

read more
  • Skill development - Bad
  • +3 more

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.

read more

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.

read more
  • Salary - Poor
  • +4 more

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!

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  • 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.

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Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 05 May 2023

3.0
 for  Salary and Benefits

Likes

Attractive salary Brand name

Dislikes

No job security Heavy job pressure No (0) work life balance (10hrs shift plus frequent over time) Too much tele calling Horrible work culture No learning at all apart from sales Unsupportive seniors and TLs Less holidays Unhealthy work environment No incentives Poor client base and leads At the time of interview it was said that it's a advisory job but it's a pure sales job. It is suggested that only salesperson join this job. For company it is suggested to treat their employees as humans and value customers. They say that they have customer first policy, but all they care is about brokerage and product sales.

read more
  • Skill development - Bad
  • +5 more
see more salary related reviews

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ICICI Securities Manager M1 Salary FAQs

What is the salary of Manager M1 at ICICI Securities in Mumbai?
The average salary of a Manager M1 at ICICI Securities in Mumbai typically ranges from ₹4.3 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 4 years to 10 years).

The top 10% of Manager M1 in Mumbai at ICICI Securities earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Manager M1 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 20+ ICICI Securities employees in India.
What is the estimated take home salary of a Manager M1 at ICICI Securities in Mumbai?
The estimated take-home salary of a Manager M1 at ICICI Securities in Mumbai typically ranges from ₹50,489 to ₹51,681 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 4 years to 10 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 Securities. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than ICICI Securities for Manager M1 in India?
Capgemini ₹9.4 Lakhs to ₹24.0 Lakhs per year
ICICI Bank ₹4.5 Lakhs to ₹17.3 Lakhs per year
HDFC Bank ₹6.0 Lakhs to ₹10.5 Lakhs per year
Motilal Oswal Financial Services ₹6.2 Lakhs to ₹11.3 Lakhs per year
ICICI Prudential Life Insurance ₹6.0 Lakhs to ₹9.9 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.
How the salary growth look like for a Manager M1 at ICICI Securities in Mumbai?
The salary growth for a Manager M1 at ICICI Securities in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager M1 in Mumbai can expect the following growth trajectory at ICICI Securities:

Experience Average Salary Range
4 years ₹4.3 Lakhs to ₹7.0 Lakhs per year
5 years ₹4.7 Lakhs to ₹7.2 Lakhs per year
6 years ₹4.7 Lakhs to ₹8.0 Lakhs per year
7 years ₹4.9 Lakhs to ₹8.0 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Securities Manager M1 salary in Mumbai ranges between ₹4.3 Lakhs to ₹9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 27 ICICI Securities latest salaries received from various employees of ICICI Securities.