IDFC FIRST Bank Mumbai Senior Associate Salaries by 30+ Employees (Updated 2025)

2 - 7 years exp.

₹2 Lakhs - ₹5.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

62% less than the average Senior Associate Salary in Banking Companies for 2 - 7 years of experience

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Salaries in different departments

Customer Success, Service & Operations Senior Associate Salary 2 - 7 years exp. (17 salaries)	₹2 L/yr - ₹5.5 L/yr
BFSI, Investments & Trading Senior Associate Salary 4 - 7 years exp. (3 salaries)	₹3.5 L/yr - ₹5.1 L/yr
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Finance & Accounting Senior Associate Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹4 L/yr
Sales & Business Development Senior Associate Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
IT & Information Security Senior Associate Salary 2 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.3 L/yr

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Last Updated: 1 Mar 2025

Companies similar to IDFC FIRST Bank for Senior Associate in Mumbai

IDFC FIRST Bank Senior Associate Salary

2 - 7 years exp. (36 salaries)

₹2 L/yr - ₹5.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Senior Associate Salary 0 - 7 years exp. (128 salaries)	₹1.5 L/yr - ₹3.8 L/yr 40% less
Kotak Mahindra Bank Senior Associate Salary 1 - 6 years exp. (25 salaries)	₹1.5 L/yr - ₹3.9 L/yr 30% less
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City Union Bank Senior Associate Salary 0 - 9 years exp. (23 salaries)	₹3.3 L/yr - ₹6.4 L/yr 22% more
HDFC Bank Senior Associate Salary 2 - 10 years exp. (10 salaries)	₹2.2 L/yr - ₹9 L/yr 57% more
Yes Bank Senior Associate Salary 3 - 9 years exp. (8 salaries)	₹2.7 L/yr - ₹7 L/yr 1% more
IndusInd Bank Senior Associate Salary 2 - 8 years exp. (5 salaries)	₹2.5 L/yr - ₹12 L/yr 81% more
HSBC Global Banking and Markets Senior Associate Salary 3 - 9 years exp. (5 salaries)	₹7.2 L/yr - ₹21 L/yr 195% more
Standard Chartered Senior Associate Salary 4 - 8 years exp. (5 salaries)	₹5 L/yr - ₹7.6 L/yr 48% more
Axis Bank Senior Associate Salary 2 - 7 years exp. (4 salaries)	₹1.9 L/yr - ₹4.9 L/yr 22% less
Chase Bank Senior Associate Salary 9 - 11 years exp. (3 salaries)	₹18.5 L/yr - ₹21.5 L/yr 361% more

Senior Associate salary at IDFC FIRST Bank ranges between ₹2 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 36 latest salaries received from various employees of IDFC FIRST Bank.

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

1mo ago

₹3.7 Lakhs

2 years exp.

1mo ago

₹4.5 Lakhs

4 years exp.

3mo ago

₹4 Lakhs

4 years exp.

3mo ago

₹3.9 Lakhs

6 years exp.

4mo ago

₹3.5 Lakhs

5 years exp.

4mo ago

3 years exp.

6mo ago

5 years exp.

6mo ago

7 years exp.

7mo ago

7 years exp.

8mo ago

4 years exp.

Experience wise IDFC FIRST Bank Senior Associate salaries in Mumbai

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
2 years (8 salaries)	₹2 L/yr - ₹5.2 L/yr
3 years (7 salaries)	₹2.2 L/yr - ₹4 L/yr
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4 years (9 salaries)	₹3 L/yr - ₹4.5 L/yr
5 years (5 salaries)	₹2.2 L/yr - ₹5.5 L/yr
6 years (3 salaries)	₹3.6 L/yr - ₹7.6 L/yr
7 years (4 salaries)	₹3.8 L/yr - ₹5.1 L/yr

View all

Similar Designation salaries in IDFC FIRST Bank

Team Lead Salary

(87 salaries)

₹2.2 L/yr - ₹9.09 L/yr

Software Engineer Salary

(15 salaries)

₹3.8 L/yr - ₹11.81 L/yr

Salesforce Developer Salary

(8 salaries)

₹8.05 L/yr - ₹30 L/yr

Web Developer Salary

(4 salaries)

₹9 L/yr - ₹15 L/yr

Senior Consultant Salary

(3 salaries)

₹9.78 L/yr - ₹11.64 L/yr

Top skills at IDFC FIRST Bank for Senior Associate

Procurement Due Diligence Management Legal Compliance Auditing Office Management Growth Strategy Office Equipment

Salary related reviews for IDFC FIRST Bank

4.3

Rated by 4 employees for salary & benefits

Senior Software Developer in Bangalore / Bengaluru

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

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.

Skill development - Bad

+4 more

SAT Executive in Navi Mumbai

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

Salary - Bad

+6 more

Operations Executive in Mumbai

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.

Salary - Poor

+5 more

Assistant Vice President in Hyderabad / Secunderabad

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

Salary - Bad

+6 more

Senior Manager Hrbp in Jaipur

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 20 Dec 2024

5.0

for Salary and Benefits

Likes

It has good compensation and promotion policy for internal talent Top Leadership has lot of focus in driving the bank forward

Salary - Excellent

+5 more

Dislikes

It lags in overall learning and development of talent Support teams are somewhat inefficient

see more salary related reviews

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What people are saying about IDFC FIRST Bank

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a senior business analyst

Salary discussion

For a BA/PM, is 50% increment on current salary is too much to ask? Background: MBA from IIM, BE - Computer Science from tier 2 college, ~3 Years experience.

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IDFC FIRST Bank Senior Associate Salary FAQs

What is the salary of Senior Associate at IDFC FIRST Bank in Mumbai?

The average salary of a Senior Associate at IDFC FIRST Bank in Mumbai typically ranges from ₹2.0 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Senior Associate in Mumbai at IDFC FIRST Bank earn more than ₹5.1 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Senior Associate 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 30+ IDFC FIRST Bank employees in India.

What is the estimated take home salary of a Senior Associate at IDFC FIRST Bank in Mumbai?

The estimated take-home salary of a Senior Associate at IDFC FIRST Bank in Mumbai typically ranges from ₹29,995 to ₹31,309 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 2 years to 7 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 30+ 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 Senior Associate at IDFC FIRST Bank in Mumbai?

To be a Senior Associate at IDFC FIRST Bank in Mumbai, the key skills required include:

- Procurement
- Due Diligence
- Management
- Legal
- Compliance

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 Senior Associate in India?

Chase Bank	₹18.5 Lakhs to ₹21.5 Lakhs per year
HSBC Global Banking and Markets	₹7.2 Lakhs to ₹21.0 Lakhs per year
IndusInd Bank	₹2.5 Lakhs to ₹12.0 Lakhs per year
HDFC Bank	₹2.2 Lakhs to ₹9.0 Lakhs per year
Standard Chartered	₹5.0 Lakhs to ₹7.6 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 Senior Associate in companies similar to IDFC FIRST Bank in Mumbai?

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

City Union Bank	₹3.3 Lakhs to ₹6.4 Lakhs per year
Yes Bank	₹2.7 Lakhs to ₹7.0 Lakhs per year
Axis Bank	₹1.9 Lakhs to ₹4.9 Lakhs per year
Kotak Mahindra Bank	₹1.5 Lakhs to ₹3.9 Lakhs per year
ICICI Bank	₹1.5 Lakhs to ₹3.8 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 Senior Associate at IDFC FIRST Bank in Mumbai?

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

Experience	Average Salary Range
2 years	₹2.0 Lakhs to ₹5.2 Lakhs per year
3 years	₹2.2 Lakhs to ₹4.0 Lakhs per year
4 years	₹3.0 Lakhs to ₹4.5 Lakhs per year
5 years	₹2.2 Lakhs to ₹5.5 Lakhs per year

and so on.

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IDFC FIRST Bank Senior Associate Salaries in Mumbai

IDFC FIRST Bank Senior Associate salary in Mumbai ranges between ₹2 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 36 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.