IndusInd Bank Mumbai Associate Manager Salaries by 400+ Employees (Updated 2025)

0 - 10 years exp.

₹1.8 Lakh - ₹6.8 Lakhs

Salary of majority employees

76% less than the average Associate Manager Salary in Banking Companies for 0 - 10 years of experience

Interested in this particular role? 14 job openings

Salaries in different departments

Customer Success, Service & Operations Associate Manager Salary 0 - 10 years exp. (135 salaries)	₹2 L/yr - ₹6.8 L/yr
BFSI, Investments & Trading Associate Manager Salary 0 - 9 years exp. (133 salaries)	₹1.9 L/yr - ₹6.5 L/yr
Login to view exact salary
Finance & Accounting Associate Manager Salary 0 - 10 years exp. (81 salaries)	₹2.1 L/yr - ₹6.5 L/yr
Risk Management & Compliance Associate Manager Salary 0 - 7 years exp. (15 salaries)	₹2.5 L/yr - ₹5.5 L/yr
Sales & Business Development Associate Manager Salary 0 - 7 years exp. (12 salaries)	₹3 L/yr - ₹4.6 L/yr

Last Updated: 22 Mar 2025

Companies similar to IndusInd Bank for Associate Manager in Mumbai

IndusInd Bank Associate Manager Salary

0 - 10 years exp. (474 salaries)

₹1.8 L/yr - ₹6.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Standard Chartered Associate Manager Salary 3 - 16 years exp. (55 salaries)	₹5.5 L/yr - ₹15.5 L/yr 146% more
Deutsche Bank Associate Manager Salary 7 - 14 years exp. (47 salaries)	₹10 L/yr - ₹24 L/yr 304% more
Login to view exact salary
IDFC FIRST Bank Associate Manager Salary 0 - 6 years exp. (28 salaries)	₹2.4 L/yr - ₹7 L/yr 14% less	4 job openings
Yes Bank Associate Manager Salary 3 - 9 years exp. (10 salaries)	₹3.2 L/yr - ₹6.5 L/yr 4% less
ICICI Bank Associate Manager Salary 0 - 6 years exp. (8 salaries)	₹2.2 L/yr - ₹4 L/yr 12% less
HSBC Global Banking and Markets Associate Manager Salary 10 - 12 years exp. (3 salaries)	₹13.5 L/yr - ₹17.2 L/yr 264% more

Associate Manager salary at IndusInd Bank ranges between ₹1.8 Lakh to ₹6.8 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 474 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Associate Manager salaries in Mumbai

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
Fresher (17 salaries)	₹2.8 L/yr - ₹6 L/yr
1 year (34 salaries)	₹2 L/yr - ₹5.8 L/yr
Login to view exact salary
2 years (49 salaries)	₹1.9 L/yr - ₹5 L/yr
3 years (88 salaries)	₹1.8 L/yr - ₹6.4 L/yr
4 years (78 salaries)	₹2 L/yr - ₹6.5 L/yr
5 years (78 salaries)	₹2 L/yr - ₹6 L/yr
6 years (53 salaries)	₹2.4 L/yr - ₹6.8 L/yr
7 years (39 salaries)	₹2.6 L/yr - ₹6.3 L/yr
8 years (22 salaries)	₹2.9 L/yr - ₹6.5 L/yr
9 years (13 salaries)	₹3.5 L/yr - ₹5.8 L/yr
10 years (3 salaries)	₹3.8 L/yr - ₹8.4 L/yr

View all

From

Associate Manager

₹

Lakhs/yr

0 - 10 years exp.

Vice President

₹

Lakhs/yr

11 - 22 years exp.

Associate Manager

0 - 10 years exp.

Deputy Manager

0 - 13 years exp.

20% hike

Manager

0 - 16 years exp.

51% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in IndusInd Bank

Project Manager Salary

(48 salaries)

₹9.4 L/yr - ₹31.5 L/yr

Team Lead Salary

(28 salaries)

₹2.9 L/yr - ₹9.63 L/yr

Software Engineer Salary

(4 salaries)

₹3.6 L/yr - ₹7.51 L/yr

Project Lead Salary

(4 salaries)

₹11.2 L/yr - ₹15.5 L/yr

Top skills at IndusInd Bank for Associate Manager

Operations Management Risk Management Banking Operations Credit Appraisal Corporate Credit

Salary related reviews for IndusInd Bank

2.8

Rated by 48 employees for salary & benefits

Associate Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 27 Jul 2024

2.0

for Salary and Benefits

Likes

There is no such thing to like

Dislikes

...and except to complete it before the deadline along with your main/current work. They don't pay you good. Working Environment is not that good.

Salary - Poor

+5 more

Associate Manager in Mumbai

Overall good Department

5.0

• posted on 08 Aug 2017

2.0

for Salary and Benefits

Likes

Employee employer relationship very good, allowance too good very understanding staff no problem about leaves no salary deduction for any problem salary on or before 1 day u will get but not late.....

Skill development - Excellent

+5 more

Dislikes

The only thing I dislike is very less bonus that also they give too late after 6month and hike/increment is nothing officers are getting hike from 70₹ to upto 1000 this make people to leave company after 1or 2 year

Salary - Poor

Associate Manager in Chennai

Full Time

Finance & Accounting Department

1.0

• posted on 06 May 2023

1.0

for Salary and Benefits

Likes

Just on time salary that’s it

Dislikes

Worst culture I have ever seen in my professional life. They posted me in Chennai location before joining they said only u have to pitch for sales but once u joined they clearly tell that only u have to do sales only no customer service in sales u have to do loans emi, insurance , card upgrade and for incentives they will give after 3 months not every month that to in Sodexo card now come to incentive that too they will give according to quality percentage. I will give example I did loans n emi per month more than 1cr but after 3 month I get incentives 2k like that my quality was 85 to 90 per. Don’t join they will harass like anything everyday overtime after 9hr u have to extend at-least 1 hr. If u r going to join then it’s ur choice.

Salary - Bad

+6 more

Associate Manager in Chennai

Contact Center Department

3.0

• posted on 21 Jun 2020

1.0

for Salary and Benefits

Likes

...is adjusted against ur non present day . Even it is declared off by government . Salary given as officially I m on my own holiday. I can't take any pl or cl till March 2021

Job security - Good

Dislikes

Poor management. Bias with local people . Otherwise company is very good . People should stop thinking they r only

Salary - Bad

+4 more

Emerging Corporate Business Development Manager in Kolkata

Full Time

Other Department

3.0

• posted on 17 Mar 2025

3.0

for Salary and Benefits

Likes

When r u selected for company then salary hike is very good Continum is best policy for this bank .

Dislikes

Not proper training . Work culture is very bad Huge pressure and if unable to deliver then use own fund . Leaking leg upper management by Bm nd ASM for there won't job security and appraisal.

Skill development - Bad

+5 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

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

Got a question about IndusInd Bank?

Ask anonymously on communities.

IndusInd Bank Associate Manager Salary FAQs

What is the salary of Associate Manager at IndusInd Bank in Mumbai?

The average salary of a Associate Manager at IndusInd Bank in Mumbai typically ranges from ₹1.8 Lakhs to ₹6.8 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Associate Manager in Mumbai at IndusInd Bank earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹6.4 Lakhs per year. Associate Manager Salaries at IndusInd 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 400+ IndusInd Bank employees in India.

What is the estimated take home salary of a Associate Manager at IndusInd Bank in Mumbai?

The estimated take-home salary of a Associate Manager at IndusInd Bank in Mumbai typically ranges from ₹30,486 to ₹31,793 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹6.8 Lakhs per year for employees with experience ranging from Fresher 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 400+ salaries received from various employees of IndusInd 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 IndusInd Bank in Mumbai?

To be a Associate Manager at IndusInd Bank in Mumbai, the key skills required include:

- Operations Management
- Risk Management
- Banking Operations
- Credit Appraisal
- Corporate Credit

These skills are highly valued at IndusInd Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than IndusInd Bank for Associate Manager in India?

Deutsche Bank	₹10.0 Lakhs to ₹24.0 Lakhs per year
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

These companies are known for offering competitive compensation packages that can exceed the salary offered by IndusInd Bank, depending on the role and experience level.

What is the salary of a Associate Manager in companies similar to IndusInd Bank in Mumbai?

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

Yes Bank	₹3.2 Lakhs to ₹6.5 Lakhs per year
ICICI Bank	₹2.2 Lakhs to ₹4.0 Lakhs per year
IDFC FIRST Bank	₹2.4 Lakhs to ₹7.0 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 IndusInd Bank in Mumbai?

The salary growth for a Associate Manager at IndusInd 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 IndusInd Bank:

Experience	Average Salary Range
Fresher	₹2.8 Lakhs to ₹6.0 Lakhs per year
1 year	₹2.0 Lakhs to ₹5.8 Lakhs per year
2 years	₹1.9 Lakhs to ₹5.0 Lakhs per year
3 years	₹1.8 Lakhs to ₹6.4 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
IndusInd Bank Salaries >
IndusInd Bank Associate Manager Salaries >
IndusInd Bank Associate Manager Salaries in Mumbai

IndusInd Bank Associate Manager salary in Mumbai ranges between ₹1.8 Lakh to ₹6.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 474 IndusInd Bank latest salaries received from various employees of IndusInd Bank.

IndusInd Bank Associate Manager salaries in Mumbai (Updated 2025)

Companies similar to IndusInd Bank for Associate Manager in Mumbai

Latest annual salaries shared by IndusInd Bank Associate Manager in Mumbai

Experience wise IndusInd Bank Associate Manager salaries in Mumbai

Similar Designation salaries in IndusInd Bank

Top skills at IndusInd Bank for Associate Manager

Salary related reviews for IndusInd Bank

Associate Manager in Mumbai

Associate Manager in Mumbai

Associate Manager in Chennai

Associate Manager in Chennai

Emerging Corporate Business Development Manager in Kolkata

IndusInd Bank Associate Manager Salary FAQs

Tell us how to improve this page.