IDFC FIRST Bank Cluster Business Manager Salaries by 20+ Employees (Updated 2025)

8 - 14 years exp.

₹8 Lakhs - ₹18 Lakhs

Salary of majority employees

17% more than the average Cluster Business Manager Salary in Banking Companies for 8 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Business Manager Salary 8 - 14 years exp. (14 salaries)	₹8 L/yr - ₹18 L/yr
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Sales & Business Development Cluster Business Manager Salary 10 - 14 years exp. (6 salaries)	₹10.5 L/yr - ₹15.2 L/yr

Last Updated: 4 Jan 2025

Companies similar to IDFC FIRST Bank for Cluster Business Manager

Company name	Avg Annual Salary	Open Jobs
Axis Bank Cluster Business Manager Salary 3 - 12 years exp. (42 salaries)	₹4.4 L/yr - ₹11 L/yr 39% less
Yes Bank Cluster Business Manager Salary 10 - 21 years exp. (18 salaries)	₹9.1 L/yr - ₹33.6 L/yr 55% more
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Kotak Mahindra Bank Cluster Business Manager Salary 17 - 19 years exp. (4 salaries)	₹17.5 L/yr - ₹20 L/yr 43% more
IndusInd Bank Cluster Business Manager Salary 14 - 16 years exp. (3 salaries)	₹12 L/yr - ₹20.5 L/yr 32% more
RBL Bank Cluster Business Manager Salary 7 - 13 years exp. (3 salaries)	₹5.6 L/yr - ₹9.9 L/yr 40% less

Cluster Business Manager salary at IDFC FIRST Bank ranges between ₹8 Lakhs to ₹18 Lakhs per year for employees with experience between 8 years to 14 years. Salary estimates are based on 22 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Cluster Business Manager salaries

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹20.8 L/yr
9 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹21.4 L/yr
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10 years (3 salaries)	₹8 L/yr - ₹13 L/yr
11 years (5 salaries)	₹9.3 L/yr - ₹14.5 L/yr
12 years (4 salaries)	₹11.6 L/yr - ₹13.5 L/yr
13 years (5 salaries)	₹12.9 L/yr - ₹18 L/yr
14 years (3 salaries)	₹5.4 L/yr - ₹15.5 L/yr

View all

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Salary related reviews for IDFC FIRST Bank

5.0

Rated by 3 employees for salary & benefits

Acquisition Manager in Mumbai

Full Time

Sales & Business Development Department

2.0

• posted on 20 Nov 2024

4.0

for Salary and Benefits

Likes

...hat you get after joining the Idfc first bank 1. You get a family mediclaim. 2. You get bonus as you complete 1 year. 3. You get Travel Expense. 4. You get reimbursement of you monthly phone bill

Salary - Good

+1 more

Dislikes

Company's Culture is not good, So before joining the retail banking in Idfc First bank think twice .

Promotions - Poor

+3 more

Senior Relationship Manager in Shivamogga

Full Time

Finance & Accounting Department

5.0

• posted on 08 Nov 2024

5.0

for Salary and Benefits

Likes

On time salary and weekly off. And our products and policy is very simple and and S_. _C APPLICATION to work easily

Salary - Excellent

+6 more

Dislikes

In our branch we don't have customer meeting room . It's very shameful me when I discussions with customer

Territory Sales Manager in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 30 Sep 2024

4.0

for Salary and Benefits

Likes

Salary and incentives are higher than what other banks offer.

Salary - Good

Dislikes

Work culture needs improvement, you are expected to work even during holidays or when you've taken an off, unchecked power is there, State heads can relentlessly target their TSMs and public humiliation is considered normal.

Work satisfaction - Poor

+2 more

Acquisition Manager in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 18 Jul 2024

3.0

for Salary and Benefits

Likes

Nothing

Dislikes

...errible and the branch manager of green park and their bsm both are manner less. If you want good package then you can join n if you want mental health then I suggest pls don't join.

Skill development - Bad

+4 more

Territory Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 27 Jan 2025

5.0

for Salary and Benefits

Likes

Salary they provide is As per standards and even better in some cases.

Salary - Excellent

+1 more

Dislikes

In you are working in sales domain then it's almost impossible to meet target if you are in certain departments , so do your research before joining

Job security - Poor

+2 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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IDFC FIRST Bank Cluster Business Manager Salary FAQs

What is the salary of Cluster Business Manager at IDFC FIRST Bank ?

The average salary of a Cluster Business Manager at IDFC FIRST Bank in India typically ranges from ₹8.0 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 8 years to 14 years).

The top 10% of Cluster Business Manager at IDFC FIRST Bank earn more than ₹15.5 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Cluster Business 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 Cluster Business Manager at IDFC FIRST Bank in India?

The estimated take-home salary of a Cluster Business Manager at IDFC FIRST Bank in India typically ranges from ₹92,012 to ₹94,476 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 8 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 20+ salaries received from various employees of IDFC FIRST Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IDFC FIRST Bank for Cluster Business Manager in India?

Yes Bank	₹9.1 Lakhs to ₹33.6 Lakhs per year
Kotak Mahindra Bank	₹17.5 Lakhs to ₹20.0 Lakhs per year
IndusInd Bank	₹12.0 Lakhs to ₹20.5 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 Cluster Business Manager in companies similar to IDFC FIRST Bank in India?

The salary of a Cluster Business Manager at companies similar to IDFC FIRST Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank	₹4.4 Lakhs to ₹11.0 Lakhs per year
RBL Bank	₹5.6 Lakhs to ₹9.9 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 Business Manager at IDFC FIRST Bank in India?

The salary growth for a Cluster Business Manager at IDFC FIRST Bank depends on factors such as experience, performance, and promotions. On average, a Cluster Business Manager can expect the following growth trajectory at IDFC FIRST Bank:

Experience	Average Salary Range
8 years	₹8.2 Lakhs to ₹20.8 Lakhs per year
9 years	₹8.2 Lakhs to ₹21.4 Lakhs per year
10 years	₹8.0 Lakhs to ₹13.0 Lakhs per year
11 years	₹9.3 Lakhs to ₹14.5 Lakhs per year

and so on.

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IDFC FIRST Bank Cluster Business Manager Salaries

IDFC FIRST Bank Cluster Business Manager salary in India ranges between ₹8 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.