Kotak Mahindra Bank Associate Director Salaries by 20+ Employees (Updated 2025)

5 - 20 years exp.

₹30.2 Lakhs - ₹55 Lakhs

Salary of majority employees

5% more than the average Associate Director Salary in Banking Companies for 5 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Director Salary 5 - 20 years exp. (15 salaries)	₹30.2 L/yr - ₹53 L/yr
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Sales & Business Development Associate Director Salary 12 - 19 years exp. (4 salaries)	₹31 L/yr - ₹54 L/yr

Last Updated: 14 Mar 2025

Companies similar to Kotak Mahindra Bank for Associate Director

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Associate Director Salary 1 - 13 years exp. (87 salaries)	₹9.5 L/yr - ₹34 L/yr 52% less
IDFC FIRST Bank Associate Director Salary 8 - 21 years exp. (28 salaries)	₹15.8 L/yr - ₹44 L/yr 34% less
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Yes Bank Associate Director Salary 5 - 12 years exp. (18 salaries)	₹24 L/yr - ₹48 L/yr 8% less
UBS Associate Director Salary 6 - 20 years exp. (3.4k salaries)	₹14.8 L/yr - ₹53.5 L/yr 18% less
PwC Associate Director Salary 7 - 21 years exp. (1.6k salaries)	₹17 L/yr - ₹60 L/yr 4% less	1 job opening

Associate Director salary at Kotak Mahindra Bank ranges between ₹30.2 Lakhs to ₹55 Lakhs per year for employees with experience between 5 years to 20 years. Salary estimates are based on 25 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Associate Director salaries

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹15.9 L/yr - ₹40 L/yr
6 years (AmbitionBox Estimate)	₹37 L/yr - ₹72.1 L/yr
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7 years (AmbitionBox Estimate)	₹36.2 L/yr - ₹46.3 L/yr
8 years (AmbitionBox Estimate)	₹36.4 L/yr - ₹46.6 L/yr
9 years (3 salaries)	₹36 L/yr - ₹50 L/yr
10 years (AmbitionBox Estimate)	₹35 L/yr - ₹50 L/yr
11 years (AmbitionBox Estimate)	₹30.2 L/yr - ₹74.1 L/yr
12 years (3 salaries)	₹32.7 L/yr - ₹54 L/yr
13 years (AmbitionBox Estimate)	₹37.4 L/yr - ₹47.8 L/yr
14 years (3 salaries)	₹31 L/yr - ₹45.5 L/yr
15+ years (10 salaries)	₹35 L/yr - ₹55 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Associate Consultant Salary

(5 salaries)

₹2.4 L/yr - ₹3 L/yr

Associate Project Manager Salary

(AmbitionBox Estimate)

₹17.4 L/yr - ₹22.2 L/yr

Project Coordinator Salary

(4 salaries)

₹3 L/yr - ₹9.2 L/yr

Program Manager Salary

(10 salaries)

₹7 L/yr - ₹20 L/yr

Scrum Master Salary

(4 salaries)

₹4.5 L/yr - ₹9 L/yr

Project Manager Salary

(60 salaries)

₹5.79 L/yr - ₹24.3 L/yr

Product Manager Salary

(586 salaries)

₹6.5 L/yr - ₹25 L/yr

Technical Lead Salary

(8 salaries)

₹20.2 L/yr - ₹64 L/yr

Technical Manager Salary

(70 salaries)

₹3.5 L/yr - ₹8 L/yr

Business Analyst Salary

(307 salaries)

₹4.52 L/yr - ₹19 L/yr

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 1 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

Product Manager in Mumbai

Product Management Department

3.0

• posted on 29 Aug 2018

2.0

for Salary and Benefits

Likes

Learning is there but majorly it depends on your profile and team. Salary is below industry average and apparaisals again same as overall Banking Industry standard.

Dislikes

...lance should be there if you want efficiency and productivity from the employee.Salary again is a low as compared to the profile and KRA given to any employee. Appraisals and not much to talk about.

Salary - Poor

+2 more

Assistant Vice President

Procurement & Supply Chain Department

4.0

• posted on 03 Feb 2018

3.0

for Salary and Benefits

Likes

1)Adopts latest technology. 2)complaints handling is good,especially in internal audit.

Skill development - Good

Dislikes

...m area managers for insurance business and no proper support to bank managers. 3)More work ,less salary packages . 4)so Many windows for loans and advances which leads to customer dissatisfaction. 5)daily 3-4 conference calls,which effects customer service.

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

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Associate Director Salary FAQs

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

The average salary of a Associate Director at Kotak Mahindra Bank in India typically ranges from ₹30.2 Lakhs to ₹55.0 Lakhs per year, depending on experience (from 5 years to 20 years).

The top 10% of Associate Director at Kotak Mahindra Bank earn more than ₹53.0 Lakhs per year, and the top 1% earn over ₹55.0 Lakhs per year. Associate Director 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 20+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Associate Director at Kotak Mahindra Bank in India typically ranges from ₹2,46,212 to ₹2,56,208 per month. This is based on the average salary range of ₹30.2 Lakhs to ₹55.0 Lakhs per year for employees with experience ranging from 5 years to 20 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 20+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Associate Director in companies similar to Kotak Mahindra Bank in India?

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

PwC	₹17.0 Lakhs to ₹60.0 Lakhs per year
Yes Bank	₹24.0 Lakhs to ₹48.0 Lakhs per year
UBS	₹14.8 Lakhs to ₹53.5 Lakhs per year
IDFC FIRST Bank	₹15.8 Lakhs to ₹44.0 Lakhs per year
HDFC Bank	₹9.5 Lakhs to ₹34.0 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 Director at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
5 years	₹15.9 Lakhs to ₹40.0 Lakhs per year
6 years	₹37.0 Lakhs to ₹72.1 Lakhs per year
7 years	₹36.2 Lakhs to ₹46.3 Lakhs per year
8 years	₹36.4 Lakhs to ₹46.6 Lakhs per year

and so on.

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Kotak Mahindra Bank Associate Director Salaries

Kotak Mahindra Bank Associate Director salary in India ranges between ₹30.2 Lakhs to ₹55 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.