Kotak Mahindra Bank Mumbai Associate Director Salaries by 8 Employees (Updated 2025)

9 - 20 years exp.

₹31 Lakhs - ₹55 Lakhs

Avg. annual salary

Monthly In-hand Salary

9% more than the average Associate Director Salary in Banking Companies for 9 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Director Salary 9 - 20 years exp. (5 salaries)	₹40.5 L/yr - ₹50 L/yr
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Sales & Business Development Associate Director Salary 14 - 19 years exp. (AmbitionBox Estimate)	₹31 L/yr - ₹45.2 L/yr

Last Updated: 5 Mar 2025

Companies similar to Kotak Mahindra Bank for Associate Director in Mumbai

Kotak Mahindra Bank Associate Director Salary

9 - 20 years exp. (8 salaries)

₹31 L/yr - ₹55 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Associate Director Salary 8 - 21 years exp. (28 salaries)	₹15.8 L/yr - ₹44 L/yr 40% less
Yes Bank Associate Director Salary 5 - 12 years exp. (18 salaries)	₹24 L/yr - ₹48 L/yr 9% less
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HDFC Bank Associate Director Salary 1 - 13 years exp. (17 salaries)	₹10 L/yr - ₹30 L/yr 53% less
UBS Associate Director Salary 6 - 20 years exp. (644 salaries)	₹14.8 L/yr - ₹52 L/yr 19% less
PwC Associate Director Salary 7 - 21 years exp. (350 salaries)	₹18.3 L/yr - ₹57 L/yr 6% less	1 job opening

Associate Director salary at Kotak Mahindra Bank ranges between ₹31 Lakhs to ₹55 Lakhs per year for employees with experience between 9 years to 20 years. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Associate Director salaries in Mumbai

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹37.6 L/yr - ₹48 L/yr
10 years (AmbitionBox Estimate)	₹37.8 L/yr - ₹48.3 L/yr
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11 years (AmbitionBox Estimate)	₹38 L/yr - ₹48.5 L/yr
12 years (AmbitionBox Estimate)	₹38.2 L/yr - ₹48.8 L/yr
13 years (AmbitionBox Estimate)	₹38.4 L/yr - ₹49 L/yr
14 years (AmbitionBox Estimate)	₹38.6 L/yr - ₹49.3 L/yr
15+ years (4 salaries)	₹40 L/yr - ₹55 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

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Business Analyst Salary

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Salary related reviews for Kotak Mahindra Bank

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.

Relationship Officer in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 24 Mar 2025

2.0

for Salary and Benefits

Likes

On time salary

Skill development - Good

Dislikes

Worst work culture, even 2nd Saturday and 4th Saturday also working day.and if anyone not reached daily sales target reporting manager is putting LOP and high work pressure and paying low salaries.and not not given any leaves

Salary - Poor

+4 more

Manager OPS in Kolkata

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 18 Mar 2025

2.0

for Salary and Benefits

Likes

There is nothing much to like except you may see a level of job security if you're doing good in ops or sales work

Dislikes

Almost every aspect of the job that includes culture, managers, management, decisions, promotions, salary, all other perks, work life balance is NIL, kissing of Manger's hand may allow you to grow mostly, a company with worst management who doesn't even care for employees and men who are working hard. Please do not join if you have some other better options in hand

Salary - Poor

+5 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Kotak Mahindra Bank

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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 Associate Director Salary FAQs

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

The average salary of a Associate Director at Kotak Mahindra Bank in Mumbai typically ranges from ₹31.0 Lakhs to ₹55.0 Lakhs per year, depending on experience (from 9 years to 20 years).

The top 10% of Associate Director in Mumbai at Kotak Mahindra Bank earn more than ₹53.5 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 8 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Associate Director at Kotak Mahindra Bank in Mumbai typically ranges from ₹2,51,928 to ₹2,62,182 per month. This is based on the average salary range of ₹31.0 Lakhs to ₹55.0 Lakhs per year for employees with experience ranging from 9 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 8 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 Mumbai?

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

PwC	₹18.3 Lakhs to ₹57.0 Lakhs per year
Yes Bank	₹24.0 Lakhs to ₹48.0 Lakhs per year
UBS	₹14.8 Lakhs to ₹52.0 Lakhs per year
IDFC FIRST Bank	₹15.8 Lakhs to ₹44.0 Lakhs per year
HDFC Bank	₹10.0 Lakhs to ₹30.0 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 Mumbai?

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

Experience	Average Salary Range
9 years	₹37.6 Lakhs to ₹48.0 Lakhs per year
10 years	₹37.8 Lakhs to ₹48.3 Lakhs per year
11 years	₹38.0 Lakhs to ₹48.5 Lakhs per year
12 years	₹38.2 Lakhs to ₹48.8 Lakhs per year

and so on.

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Kotak Mahindra Bank Associate Director Salaries in Mumbai

Kotak Mahindra Bank Associate Director salary in Mumbai ranges between ₹31 Lakhs to ₹55 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.