Kotak Mahindra Bank Mumbai Analyst Salaries by 10+ Employees

0 - 3 years exp.

₹4.3 Lakhs - ₹13 Lakhs

Salary of majority employees

20% more than the average Analyst Salary in Banking Companies for 0 - 3 years of experience

Interested in this particular role?

Salaries in different departments

Data Science & Analytics Analyst Salary 0 - 1 year exp. (3 salaries)	₹8.6 L/yr - ₹10 L/yr
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Risk Management & Compliance Analyst Salary 1 year exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹8.5 L/yr

Last Updated: 18 May 2024

Companies similar to Kotak Mahindra Bank for Analyst in Mumbai

Kotak Mahindra Bank Analyst Salary

0 - 3 years exp. (11 salaries)

₹4.3 L/yr - ₹13 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Analyst Salary 1 - 7 years exp. (45 salaries)	₹1.9 L/yr - ₹6.8 L/yr 50% less
ICICI Bank Analyst Salary 1 - 5 years exp. (32 salaries)	₹14.6 L/yr - ₹18.1 L/yr 66% more
Login to view exact salary
HDFC Bank Analyst Salary 0 - 7 years exp. (27 salaries)	₹4.2 L/yr - ₹16.7 L/yr 5% more
IndusInd Bank Analyst Salary 1 - 10 years exp. (17 salaries)	₹10.2 L/yr - ₹12.6 L/yr 28% more	1 job opening
Barclays Investment Bank Analyst Salary 0 - 4 years exp. (14 salaries)	₹6.6 L/yr - ₹20 L/yr 75% more
Axis Bank Analyst Salary 0 - 7 years exp. (11 salaries)	₹3 L/yr - ₹9.6 L/yr 14% less
Yes Bank Analyst Salary 0 - 3 years exp. (4 salaries)	₹8.7 L/yr - ₹11 L/yr 2% more
RBL Bank Analyst Salary 1 - 4 years exp. (4 salaries)	₹3 L/yr - ₹10 L/yr 31% less
HSBC Global Banking and Markets Analyst Salary 5 - 7 years exp. (4 salaries)	₹8 L/yr - ₹12.5 L/yr 21% more
South Indian Bank Analyst Salary 1 - 3 years exp. (3 salaries)	₹9 L/yr - ₹10 L/yr 5% more
Chase Bank Analyst Salary 4 - 12 years exp. (3 salaries)	₹8 L/yr - ₹9.1 L/yr 6% less
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Analyst salary at Kotak Mahindra Bank ranges between ₹4.3 Lakhs to ₹13 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Analyst salaries in Mumbai

Last Updated: 18 May 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.1 L/yr
1 year (7 salaries)	₹3.5 L/yr - ₹13 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
3 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.4 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Credit Manager Salary

(235 salaries)

₹3.75 L/yr - ₹13 L/yr

Business Analyst Salary

(150 salaries)

₹9.99 L/yr - ₹18.5 L/yr

Team Lead Salary

(83 salaries)

₹1.8 L/yr - ₹6.96 L/yr

Credit Analyst Salary

(61 salaries)

₹4.84 L/yr - ₹19.48 L/yr

Senior Associate Salary

(25 salaries)

₹1.5 L/yr - ₹3.9 L/yr

Accountant Salary

(17 salaries)

₹2 L/yr - ₹3.5 L/yr

Senior Analyst Salary

(5 salaries)

₹11.5 L/yr - ₹17.9 L/yr

Top skills at Kotak Mahindra Bank for Analyst

Tracking Communication Skills RCA MIS Excel Report Preparation

Salary related reviews for Kotak Mahindra Bank

3.6

Rated by 3 employees for salary & benefits

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Analyst Salary FAQs

What is the salary of Analyst at Kotak Mahindra Bank in Mumbai?

The average salary of a Analyst at Kotak Mahindra Bank in Mumbai typically ranges from ₹4.3 Lakhs to ₹13.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Analyst in Mumbai at Kotak Mahindra Bank earn more than ₹12.4 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Analyst Salaries at Kotak Mahindra 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 10+ Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Analyst at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Analyst at Kotak Mahindra Bank in Mumbai typically ranges from ₹64,883 to ₹66,538 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from Fresher to 3 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 10+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Analyst at Kotak Mahindra Bank in Mumbai?

To be a Analyst at Kotak Mahindra Bank in Mumbai, the key skills required include:

- Tracking
- Communication Skills
- RCA
- MIS
- Excel Report Preparation

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

Which companies offer higher salaries than Kotak Mahindra Bank for Analyst in India?

Barclays Investment Bank	₹6.6 Lakhs to ₹20.0 Lakhs per year
ICICI Bank	₹14.6 Lakhs to ₹18.1 Lakhs per year
IndusInd Bank	₹10.2 Lakhs to ₹12.6 Lakhs per year
HSBC Global Banking and Markets	₹8.0 Lakhs to ₹12.5 Lakhs per year
South Indian Bank	₹9.0 Lakhs to ₹10.0 Lakhs per year

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

What is the salary of a Analyst in companies similar to Kotak Mahindra Bank in Mumbai?

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

HDFC Bank	₹4.2 Lakhs to ₹16.7 Lakhs per year
Yes Bank	₹8.7 Lakhs to ₹11.0 Lakhs per year
Chase Bank	₹8.0 Lakhs to ₹9.1 Lakhs per year
Axis Bank	₹3.0 Lakhs to ₹9.6 Lakhs per year
RBL Bank	₹3.0 Lakhs to ₹10.0 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 Analyst at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
Fresher	₹7.2 Lakhs to ₹9.1 Lakhs per year
1 year	₹3.5 Lakhs to ₹13.0 Lakhs per year
2 years	₹7.8 Lakhs to ₹10.0 Lakhs per year
3 years	₹8.2 Lakhs to ₹10.4 Lakhs per year

and so on.

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Kotak Mahindra Bank Analyst Salaries in Mumbai

Kotak Mahindra Bank Analyst salary in Mumbai ranges between ₹4.3 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.