Kotak Mahindra Bank Mumbai Assistant Manager Finance Salaries by 9 Employees

0 - 4 years exp.

₹2.3 Lakhs - ₹3.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

77% less than the average Assistant Manager Finance Salary in Banking Companies for 0 - 4 years of experience

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Salaries in different departments

Finance & Accounting Assistant Manager Finance Salary 0 - 4 years exp. (5 salaries)	₹2.5 L/yr - ₹3.2 L/yr
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BFSI, Investments & Trading Assistant Manager Finance Salary 2 - 3 years exp. (4 salaries)	₹2.3 L/yr - ₹3.1 L/yr

Last Updated: 14 Mar 2023

Companies similar to Kotak Mahindra Bank for Assistant Manager Finance in Mumbai

Kotak Mahindra Bank Assistant Manager Finance Salary

0 - 4 years exp. (9 salaries)

₹2.3 L/yr - ₹3.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Assistant Manager Finance Salary 3 - 9 years exp. (5 salaries)	₹3.2 L/yr - ₹3.5 L/yr 29% more
Yes Bank Assistant Manager Finance Salary 1 - 7 years exp. (3 salaries)	₹4 L/yr - ₹4.3 L/yr 61% more
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ICICI Bank Assistant Manager Finance Salary 4 - 8 years exp. (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr 44% more
RBL Bank Assistant Manager Finance Salary 2 years exp. (3 salaries)	₹6.6 L/yr - ₹8 L/yr 182% more
Hindustan Unilever Assistant Manager Finance Salary 0 - 11 years exp. (71 salaries)	₹17 L/yr - ₹28.8 L/yr 738% more

Assistant Manager Finance salary at Kotak Mahindra Bank ranges between ₹2.3 Lakhs to ₹3.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Assistant Manager Finance salaries in Mumbai

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
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2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
3 years (4 salaries)	₹2.3 L/yr - ₹3.1 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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₹3.75 L/yr - ₹13 L/yr

Senior Manager Credit Salary

(68 salaries)

₹7 L/yr - ₹15 L/yr

Credit Analyst Salary

(62 salaries)

₹8.86 L/yr - ₹22 L/yr

Internal Auditor Salary

(56 salaries)

₹4.53 L/yr - ₹16 L/yr

Credit Processing Associate Salary

(39 salaries)

₹1.58 L/yr - ₹4 L/yr

Accountant Salary

(17 salaries)

₹2 L/yr - ₹3.5 L/yr

Banking Assistant Salary

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₹1.45 L/yr - ₹4.28 L/yr

Credit Officer Salary

(15 salaries)

₹1.5 L/yr - ₹2.85 L/yr

Area Credit Manager Salary

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₹7 L/yr - ₹18 L/yr

Finance Executive Salary

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₹1.75 L/yr - ₹3.5 L/yr

Salary related reviews for Kotak Mahindra Bank

2.1

Rated by 2 employees for salary & benefits

Credit Manager in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 23 Sep 2023

1.0

for Salary and Benefits

Likes

Skill Development and Learning

Skill development - Good

Dislikes

No Work-Life balance,no Salary & Benefits,not happy with Promotions / Appraisal,no Work Satisfaction,I don't kwon Company Culture, but department culture is veridis happy

Salary - Bad

+5 more

Credit Processing Associate in New Delhi

Full Time

Finance & Accounting Department

4.0

• posted on 23 Dec 2022

2.0

for Salary and Benefits

Likes

Good place to learn and for skill development got nice exposure of work.. and load of work is average so you got time for work and life both.. Nice place for learn

Skill development - Good

+1 more

Dislikes

It's a offroll job , so there is No salary increment for CPA ( credit processing associates) no other benefits..

Salary - Poor

+2 more

Credit Associate in Nagpur

Full Time

Other Department

2.0

• posted on 14 Feb 2023

1.0

for Salary and Benefits

Likes

Overall good mentor is good... Work is also ok... Bosses are good in nature

Company culture - Good

Dislikes

There is no salary hike in last 4 year... No growth in position.... Working in same salary & in same position from last 4 year

Salary - Bad

+2 more

Credit Processing Associate in Kotak House Near Trinity Metro Station Bangalore

Other Department

5.0

• posted on 29 May 2022

5.0

for Salary and Benefits

Likes

Kotak Mahindra Bank Business loan process is very good and long process and we will prepartion TAT is very dificulty and Very carfully updated last two yers financials and latest one year GST returns and latest one year Banking perfios after completed TAT easly process the case the working is very easly recomending the casese.

Salary - Excellent

+5 more

Dislikes

More work and less salary, there is no co-ordination in the team, any problem is raised asking me only, our team peoples doing mistakes managers asking me, any big Financial cases shared managers me only.

Promotions - Poor

Credit Analyst in Bangalore / Bengaluru

Wholesale Banking Department

4.0

• posted on 28 May 2022

2.0

for Salary and Benefits

Likes

In terms of other Indian Banks, Kotak is far better when it comes to Work Life Balance and Work Culture. People are much more professional here. You would love it if you become a part of the wholesale banking group.

Skill development - Good

+4 more

Dislikes

Pay is on the lower side with low hikes and bonuses. Even promotions are based on the biasness and not the skill of employees.

Salary - Poor

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Assistant Manager Finance Salary FAQs

What is the salary of Assistant Manager Finance at Kotak Mahindra Bank in Mumbai?

The average salary of a Assistant Manager Finance at Kotak Mahindra Bank in Mumbai typically ranges from ₹2.3 Lakhs to ₹3.2 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Assistant Manager Finance in Mumbai at Kotak Mahindra Bank earn more than ₹3.2 Lakhs per year, and the top 1% earn over ₹3.2 Lakhs per year. Assistant Manager Finance 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 9 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Assistant Manager Finance at Kotak Mahindra Bank in Mumbai typically ranges from ₹18,694 to ₹20,377 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹3.2 Lakhs per year for employees with experience ranging from Fresher to 4 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 9 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Bank for Assistant Manager Finance in India?

Hindustan Unilever	₹17.0 Lakhs to ₹28.8 Lakhs per year
RBL Bank	₹6.6 Lakhs to ₹8.0 Lakhs per year
Yes Bank	₹4.0 Lakhs to ₹4.3 Lakhs per year
ICICI Bank	₹3.5 Lakhs to ₹4.5 Lakhs per year
HDFC Bank	₹3.2 Lakhs to ₹3.5 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.

How the salary growth look like for a Assistant Manager Finance at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.3 Lakhs to ₹3.0 Lakhs per year
1 year	₹2.3 Lakhs to ₹3.0 Lakhs per year
2 years	₹2.4 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.3 Lakhs to ₹3.1 Lakhs per year

and so on.

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Kotak Mahindra Bank Assistant Manager Finance Salaries in Mumbai

Kotak Mahindra Bank Assistant Manager Finance salary in Mumbai ranges between ₹2.3 Lakhs to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.