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Kotak Mahindra Bank Assistant Manager M1 salaries in Mumbai

Annual salary range
1 - 5 years exp.
₹1.8 Lakh - ₹4 Lakhs
Salary of majority employees
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At par with the average Assistant Manager M1 Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Assistant Manager M1 Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.3 L/yr

Finance & Accounting
Assistant Manager M1 Salary
1 year exp. (AmbitionBox Estimate)
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₹1.8 L/yr - ₹3.2 L/yr

Sales & Business Development
Assistant Manager M1 Salary
1 - 3 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹3.2 L/yr

Last Updated: 20 Dec 2024

Assistant Manager M1 salary at Kotak Mahindra Bank ranges between ₹1.8 Lakh to ₹4 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Assistant Manager M1 in Mumbai

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5 years exp.
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Experience wise Kotak Mahindra Bank Assistant Manager M1 salaries in Mumbai

Last Updated: 20 Dec 2024

Experience Avg Annual Salary
1 year  (5 salaries)

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₹1.8 L/yr - ₹3.2 L/yr
2 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹5.3 L/yr
3 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹4 L/yr

Salary related reviews for Kotak Mahindra Bank

Full Time

 · 

Project & Program Management Department

2.0
  •  posted on 27 Dec 2024

2.0
 for  Salary and Benefits

Likes

- Business Heads and Tech Heads are supportive

Dislikes

- poor benefits - poor compensation and variable structure(ex no pro rata variable payout) - poor medical insurance coverage - poor processes and tools - poor culture overall

read more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 23 Dec 2024

4.0
 for  Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

read more

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

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Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 27 Nov 2024

4.0
 for  Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

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Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

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Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 24 Nov 2024

2.0
 for  Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

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Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 19 Nov 2024

2.0
 for  Salary and Benefits

Likes

Salary, if you are a good negotiator.

Dislikes

It is a good place for those who came as avp and above. On ground level there is no work life balance and job securities. The main problem is about the culture, so many conference call happens where only limited time employees get for their work. Imbalance professionalism.

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Kotak Mahindra Bank Assistant Manager M1 Salary FAQs

What is the salary of Assistant Manager M1 at Kotak Mahindra Bank Mumbai?
Assistant Manager M1 salary at Kotak Mahindra Bank in Mumbai ranges between ₹1.8 Lakhs to ₹4.0 Lakhs for experience between 1 years to 5 years. According to our estimates it is 1% more than the average Assistant Manager M1 Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.
How does the salary of a Assistant Manager M1 at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?
The average salary of a Assistant Manager M1 at Kotak Mahindra Bank is 1% more than the average salary of a Assistant Manager M1 in Mumbai. To know exact salary insights, login to view.
What is the estimated take home salary of a Assistant Manager M1 at Kotak Mahindra Bank in Mumbai?
The estimated take-home salary of a Assistant Manager M1 at Kotak Mahindra Bank ranges between ₹21,841 per month to ₹23,327 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Assistant Manager M1 salary in India which ranges between ₹1.8 Lakhs to ₹4.0 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?
What is the notice period for Assistant Manager M1 at Kotak Mahindra Bank in Mumbai?
According to AmbitionBox, 50% of the Kotak Mahindra Bank Assistant Manager M1s in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Assistant Manager M1 salary in Mumbai ranges between ₹1.8 Lakh to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 9 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.