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Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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IDFC FIRST Bank Associate Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 5 years exp.
₹2.4 Lakhs - ₹7 Lakhs
Salary of majority employees
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79% less than the average Associate Manager Salary in Banking Companies for 0 - 5 years of experience

Interested in this particular role? 4 job openings

Salaries in different departments

Finance & Accounting
Associate Manager Salary
0 - 5 years exp. (8 salaries)
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₹2.8 L/yr - ₹3.5 L/yr

Sales & Business Development
Associate Manager Salary
0 - 3 years exp. (5 salaries)
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₹3 L/yr - ₹3.9 L/yr

Customer Success, Service & Operations
Associate Manager Salary
2 - 5 years exp. (4 salaries)
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₹3 L/yr - ₹4 L/yr

BFSI, Investments & Trading
Associate Manager Salary
1 - 2 years exp. (3 salaries)
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₹3.1 L/yr - ₹6.6 L/yr

Risk Management & Compliance
Associate Manager Salary
5 years exp. (AmbitionBox Estimate)
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₹3.7 L/yr - ₹4.2 L/yr

Last Updated: 25 Feb 2025

Companies similar to IDFC FIRST Bank for Associate Manager in Mumbai

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IDFC FIRST Bank Associate Manager Salary

0 - 5 years exp. (28 salaries)

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₹2.4 L/yr - ₹7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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IndusInd Bank Associate Manager Salary

0 - 10 years exp. (474 salaries)

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₹1.8 L/yr - ₹6.8 L/yr

arrow icon 16% more
16 job openings
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Standard Chartered Associate Manager Salary

3 - 16 years exp. (55 salaries)

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₹5.5 L/yr - ₹15.5 L/yr

arrow icon 187% more
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Kotak Mahindra Bank Associate Manager Salary

1 - 5 years exp. (14 salaries)

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₹3 L/yr - ₹3.7 L/yr

arrow icon 8% less
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Yes Bank Associate Manager Salary

3 - 9 years exp. (10 salaries)

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₹3.2 L/yr - ₹6.5 L/yr

arrow icon 12% more
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HDFC Bank Associate Manager Salary

1 - 11 years exp. (10 salaries)

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₹3.2 L/yr - ₹6 L/yr

arrow icon 21% more
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ICICI Bank Associate Manager Salary

0 - 6 years exp. (8 salaries)

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₹2.2 L/yr - ₹4 L/yr

arrow icon 2% more
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RBL Bank Associate Manager Salary

3 - 4 years exp. (3 salaries)

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₹3 L/yr - ₹4.5 L/yr

At par
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₹13.5 L/yr - ₹17.2 L/yr

arrow icon 324% more
Associate Manager salary at IDFC FIRST Bank ranges between ₹2.4 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 28 latest salaries received from various employees of IDFC FIRST Bank.

Latest annual salaries shared by IDFC FIRST Bank Associate Manager in Mumbai

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Experience wise IDFC FIRST Bank Associate Manager salaries in Mumbai

Last Updated: 25 Feb 2025

Experience Avg Annual Salary
Fresher  (5 salaries)

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₹2.8 L/yr - ₹5.8 L/yr
1 year  (4 salaries)

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₹2.4 L/yr - ₹6 L/yr
2 years  (7 salaries)

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₹3 L/yr - ₹6.6 L/yr
3 years  (5 salaries)

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₹3.2 L/yr - ₹7 L/yr
4 years  (3 salaries)

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₹3 L/yr - ₹4 L/yr
View all

Similar Designation salaries in IDFC FIRST Bank

Team Lead Salary
(87 salaries)
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₹2.2 L/yr - ₹11.38 L/yr
Project Manager Salary
(56 salaries)
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₹7 L/yr - ₹25.65 L/yr
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₹1.97 L/yr - ₹5.2 L/yr
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₹3.8 L/yr - ₹11.81 L/yr
Test Lead Salary
(3 salaries)
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₹13 L/yr - ₹16.76 L/yr

Top skills at IDFC FIRST Bank for Associate Manager

Branch Banking Current Account Saving Account Sales Casa

Salary related reviews for IDFC FIRST Bank

5.0

Rated by 3 employees for salary & benefits

Full Time

 · 

Engineering - Software & QA Department

1.0
  •  posted on 22 Jul 2024

3.0
 for  Salary and Benefits

Likes

They offer good compensation to steal good people and then treat them like garbage

read more

Dislikes

Hell , pathetic environment. Worst ever experience. Managers target employees and make their life hell. For every responsibility they warn you on job security. Only *ss lickers can survive ar this company. A constant feeling of stress and pressure. No appreciation , no leaves allowed. Its hell. Even some employees are devil. To protect their job they demean their own team members.

read more
  • Skill development - Bad
  • +4 more

Full Time

 · 

Project & Program Management Department

3.0
  •  posted on 21 Sep 2023

5.0
 for  Salary and Benefits

Likes

Provides good salary Work timings is not strictly followed

  • Salary - Excellent
  • +3 more

Dislikes

A very hectic culture of getting things done in shortest amount of time HR doesn't have any power of its own due to which managers easily exploit their employees No work life balance. Leaving on time is considered a sin here

read more
  • Work satisfaction - Poor
  • +1 more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 11 Mar 2025

1.0
 for  Salary and Benefits

Likes

It was a bad decision to work with such bank

Dislikes

... a month of serving my notice period my health was not that good to resume work. Even after submitting medical documents my employer terminated my service and stating that I need to pay the rest of money for the remaining days of my notice period and does not settled my FNF stating it's in negative

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 06 Feb 2025

2.0
 for  Salary and Benefits

Likes

Nothing as such. Loans were provided to employees at minimum interest rates

  • Job security - Good

Dislikes

...because of staff loans, management should work on curtailment of such behaviour. HR is unaware of basic policies, when on boarding they say that bonus would be around 40-50% but at appraisal time everything goes below water. During onboarding clearly mentioned that as per banks policy holidays on weekends, but after joining it's revealed that working is essential on weekends in month ends Such pathetic policies they have.

read more
  • Salary - Poor
  • +5 more

Full Time

 · 

Engineering - Software & QA Department

1.0
  •  posted on 27 Jan 2025

1.0
 for  Salary and Benefits

Likes

Employee benefits as per banking industry is good if u have home loans

Dislikes

Work life balance, leadership is like complete egoistic and worst, salary hike is not based on performance, job security is close to nothing

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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IDFC FIRST Bank Associate Manager Salary FAQs

What is the salary of Associate Manager at IDFC FIRST Bank in Mumbai?
The average salary of a Associate Manager at IDFC FIRST Bank in Mumbai typically ranges from ₹2.4 Lakhs to ₹7.0 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Associate Manager in Mumbai at IDFC FIRST Bank earn more than ₹5.7 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Associate Manager Salaries at IDFC FIRST Bank 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+ IDFC FIRST Bank employees in India.
What is the estimated take home salary of a Associate Manager at IDFC FIRST Bank in Mumbai?
The estimated take-home salary of a Associate Manager at IDFC FIRST Bank in Mumbai typically ranges from ₹25,834 to ₹27,261 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from Fresher to 5 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 IDFC FIRST Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Associate Manager at IDFC FIRST Bank in Mumbai?
To be a Associate Manager at IDFC FIRST Bank in Mumbai, the key skills required include:

  • - Branch Banking
  • - Current Account
  • - Saving Account
  • - Sales
  • - Casa

These skills are highly valued at IDFC FIRST Bank and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than IDFC FIRST Bank for Associate Manager in India?
HSBC Global Banking and Markets ₹13.5 Lakhs to ₹17.2 Lakhs per year
Standard Chartered ₹5.5 Lakhs to ₹15.5 Lakhs per year
HDFC Bank ₹3.2 Lakhs to ₹6.0 Lakhs per year
IndusInd Bank ₹1.8 Lakhs to ₹6.8 Lakhs per year
Yes Bank ₹3.2 Lakhs to ₹6.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IDFC FIRST Bank, depending on the role and experience level.
What is the salary of a Associate Manager in companies similar to IDFC FIRST Bank in Mumbai?
The salary of a Associate Manager at companies similar to IDFC FIRST Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank ₹2.2 Lakhs to ₹4.0 Lakhs per year
RBL Bank ₹3.0 Lakhs to ₹4.5 Lakhs per year
Kotak Mahindra Bank ₹3.0 Lakhs to ₹3.7 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 Associate Manager at IDFC FIRST Bank in Mumbai?
The salary growth for a Associate Manager at IDFC FIRST Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Associate Manager in Mumbai can expect the following growth trajectory at IDFC FIRST Bank:

Experience Average Salary Range
Fresher ₹2.8 Lakhs to ₹5.8 Lakhs per year
1 year ₹2.4 Lakhs to ₹6.0 Lakhs per year
2 years ₹3.0 Lakhs to ₹6.6 Lakhs per year
3 years ₹3.2 Lakhs to ₹7.0 Lakhs per year
and so on.

Tell us how to improve this page.

IDFC FIRST Bank Associate Manager salary in Mumbai ranges between ₹2.4 Lakhs to ₹7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 28 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.