IDFC FIRST Bank Senior Manager Procurement Salaries by 5 Employees

9 - 14 years exp.

₹11.4 Lakhs - ₹12.8 Lakhs

Low Confidence

Salary of majority employees

47% less than the average Senior Manager Procurement Salary in Banking Companies for 9 - 14 years of experience

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Last Updated: 15 Nov 2023

Companies similar to IDFC FIRST Bank for Senior Manager Procurement

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Senior Manager Procurement Salary 7 - 12 years exp. (6 salaries)	₹6.4 L/yr - ₹18.9 L/yr At par
Axis Bank Senior Manager Procurement Salary 11 - 18 years exp. (4 salaries)	₹6 L/yr - ₹18 L/yr At par
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HDFC Bank Senior Manager Procurement Salary 20 - 22 years exp. (3 salaries)	₹12 L/yr - ₹18 L/yr 33% more
Reliance Industries Senior Manager Procurement Salary 8 - 17 years exp. (95 salaries)	₹9.8 L/yr - ₹30 L/yr 54% more
Tata Steel Senior Manager Procurement Salary 7 - 15 years exp. (47 salaries)	₹13 L/yr - ₹37 L/yr 93% more

Senior Manager Procurement salary at IDFC FIRST Bank ranges between ₹11.4 Lakhs to ₹12.8 Lakhs per year for employees with experience between 9 years to 14 years. Salary estimates are based on 5 latest salaries received from various employees of IDFC FIRST Bank.

Experience wise IDFC FIRST Bank Senior Manager Procurement salaries

Last Updated: 15 Nov 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹11.7 L/yr
10 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹21 L/yr
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11 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
12 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹21.8 L/yr
13 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹12.8 L/yr
14 years (AmbitionBox Estimate)	₹5 L/yr - ₹12.8 L/yr

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Similar Designation salaries in IDFC FIRST Bank

Procurement Head Salary

(4 salaries)

₹60 L/yr - ₹62 L/yr

Purchase Assistant Salary

(4 salaries)

₹2 L/yr - ₹2.4 L/yr

Purchase Executive Salary

(4 salaries)

₹3 L/yr - ₹3.6 L/yr

Dispatch Executive Salary

(3 salaries)

₹0.9 L/yr - ₹1.2 L/yr

Procurement Associate Salary

(3 salaries)

₹3 L/yr - ₹3.7 L/yr

Counsellor Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Store Supervisor Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 L/yr

Procurement Consultant Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Senior Procurement Specialist Salary

(AmbitionBox Estimate)

₹11.3 L/yr - ₹14.5 L/yr

Sr.Officer Commercial Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Salary related reviews for IDFC FIRST Bank

3.0

Rated by 1 employees for salary & benefits

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

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

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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 Senior Manager Procurement Salary FAQs

What is the salary of Senior Manager Procurement at IDFC FIRST Bank ?

The average salary of a Senior Manager Procurement at IDFC FIRST Bank in India typically ranges from ₹11.4 Lakhs to ₹12.8 Lakhs per year, depending on experience (from 9 years to 14 years).

The top 10% of Senior Manager Procurement at IDFC FIRST Bank earn more than ₹12.8 Lakhs per year, and the top 1% earn over ₹12.8 Lakhs per year. Senior Manager Procurement 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 5 IDFC FIRST Bank employees in India.

What is the estimated take home salary of a Senior Manager Procurement at IDFC FIRST Bank in India?

The estimated take-home salary of a Senior Manager Procurement at IDFC FIRST Bank in India typically ranges from ₹85,442 to ₹87,678 per month. This is based on the average salary range of ₹11.4 Lakhs to ₹12.8 Lakhs per year for employees with experience ranging from 9 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 5 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 Senior Manager Procurement in India?

Tata Steel	₹13.0 Lakhs to ₹37.0 Lakhs per year
Reliance Industries	₹9.8 Lakhs to ₹30.0 Lakhs per year
HDFC Bank	₹12.0 Lakhs to ₹18.0 Lakhs per year
Axis Bank	₹6.0 Lakhs to ₹18.0 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 Manager Procurement in companies similar to IDFC FIRST Bank in India?

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

Kotak Mahindra Bank

₹6.4 Lakhs to ₹18.9 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 Senior Manager Procurement at IDFC FIRST Bank in India?

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

Experience	Average Salary Range
9 years	₹4.6 Lakhs to ₹11.7 Lakhs per year
10 years	₹11.7 Lakhs to ₹21.0 Lakhs per year
11 years	₹10.7 Lakhs to ₹13.7 Lakhs per year
12 years	₹11.4 Lakhs to ₹21.8 Lakhs per year

and so on.

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IDFC FIRST Bank Senior Manager Procurement Salaries

IDFC FIRST Bank Senior Manager Procurement salary in India ranges between ₹11.4 Lakhs to ₹12.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 IDFC FIRST Bank latest salaries received from various employees of IDFC FIRST Bank.