Kotak Mahindra Bank Associate Consultant Salaries by 5 Employees

1 - 5 years exp.

₹2.4 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

77% less than the average Associate Consultant Salary in Banking Companies for 1 - 5 years of experience

Interested in this particular role?

Last Updated: 23 Dec 2023

Companies similar to Kotak Mahindra Bank for Associate Consultant

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Associate Consultant Salary 0 - 5 years exp. (48 salaries)	₹2 L/yr - ₹5.2 L/yr 20% more
ICICI Bank Associate Consultant Salary 0 - 5 years exp. (15 salaries)	₹2 L/yr - ₹6.6 L/yr 42% more
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HDFC Bank Associate Consultant Salary 3 - 10 years exp. (8 salaries)	₹9.5 L/yr - ₹23 L/yr 613% more
Yes Bank Associate Consultant Salary 2 - 6 years exp. (4 salaries)	₹4.5 L/yr - ₹11 L/yr 157% more
RBL Bank Associate Consultant Salary 1 - 8 years exp. (4 salaries)	₹2.2 L/yr - ₹9 L/yr 111% more
IndusInd Bank Associate Consultant Salary 0 - 7 years exp. (3 salaries)	₹3.5 L/yr - ₹9.5 L/yr 128% more

Associate Consultant salary at Kotak Mahindra Bank ranges between ₹2.4 Lakhs to ₹3 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Associate Consultant salaries

Last Updated: 23 Dec 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1 L/yr - ₹2.8 L/yr
2 years (AmbitionBox Estimate)	₹1 L/yr - ₹2.8 L/yr
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3 years (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
5 years (AmbitionBox Estimate)	₹1 L/yr - ₹2.5 L/yr

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Salary related reviews for Kotak Mahindra Bank

4.0

Rated by 1 employees for salary & benefits

Team Lead in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

4.0

• posted on 08 May 2023

2.0

for Salary and Benefits

Likes

You get a lot of learning exposure. Job security is very good. 5 days working benefit. Overall a great experience.

Job security - Excellent

Dislikes

Newly recruited person are taken for high salary where as existing employees do not have the value. Work for 2 years and change the company we ll have dignity then. Wen required sales and when required service changes in sop very frequently. We end up learning n experience all these as well.

Salary - Poor

+1 more

Senior Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 03 Apr 2021

1.0

for Salary and Benefits

Likes

Job security

Job security - Good

Dislikes

Poor compensation - No increments given in 2020 despite a great year for the bank. Senior mgmt. benefits from stock options while increments and bonuses for Senior Associates/VPs are significantly lower than peers.

Salary - Bad

+3 more

Principal Software Engineer in Bangalore / Bengaluru

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

Salary - Poor

+4 more

Deputy Vice President in Indore

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

Salary - Good

+1 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

Job security - Bad

+2 more

Branch Relationship Manager in Kolkata

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.

Salary - Good

+1 more

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.

Skill development - Bad

+3 more

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Kotak Mahindra Bank Associate Consultant Salary FAQs

What is the salary of Associate Consultant at Kotak Mahindra Bank ?

The average salary of a Associate Consultant at Kotak Mahindra Bank in India typically ranges from ₹2.4 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Associate Consultant at Kotak Mahindra Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Associate Consultant 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 5 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Associate Consultant at Kotak Mahindra Bank in India?

The estimated take-home salary of a Associate Consultant at Kotak Mahindra Bank in India typically ranges from ₹16,906 to ₹18,615 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 1 year to 5 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 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 Associate Consultant in India?

HDFC Bank	₹9.5 Lakhs to ₹23.0 Lakhs per year
Yes Bank	₹4.5 Lakhs to ₹11.0 Lakhs per year
IndusInd Bank	₹3.5 Lakhs to ₹9.5 Lakhs per year
RBL Bank	₹2.2 Lakhs to ₹9.0 Lakhs per year
ICICI Bank	₹2.0 Lakhs to ₹6.6 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 Associate Consultant in companies similar to Kotak Mahindra Bank in India?

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

IDFC FIRST Bank

₹2.0 Lakhs to ₹5.2 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 Consultant at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
1 year	₹1.0 Lakhs to ₹2.8 Lakhs per year
2 years	₹1.0 Lakhs to ₹2.8 Lakhs per year
3 years	₹1.0 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.2 Lakhs to ₹2.8 Lakhs per year

and so on.

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Kotak Mahindra Bank Associate Consultant Salaries

Kotak Mahindra Bank Associate Consultant salary in India ranges between ₹2.4 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.