Kotak Mahindra Bank Mumbai Associate Director Salaries by 7 Employees (Updated 2025)

10 - 20 years exp.

₹31 Lakhs - ₹55 Lakhs

Salary of majority employees

10% more than the average Associate Director Salary in Banking Companies for 10 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Director Salary 10 - 20 years exp. (4 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 - ₹44.5 L/yr

Last Updated: 1 Dec 2024

Companies similar to Kotak Mahindra Bank for Associate Director in Mumbai

Kotak Mahindra Bank Associate Director Salary

10 - 20 years exp. (7 salaries)

₹31 L/yr - ₹55 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Associate Director Salary 1 - 15 years exp. (20 salaries)	₹10 L/yr - ₹31 L/yr 53% less
Yes Bank Associate Director Salary 5 - 12 years exp. (16 salaries)	₹28 L/yr - ₹48 L/yr 8% less
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IDFC FIRST Bank Associate Director Salary 8 - 21 years exp. (29 salaries)	₹15.8 L/yr - ₹44 L/yr 37% less
UBS Associate Director Salary 6 - 20 years exp. (603 salaries)	₹14.8 L/yr - ₹51.5 L/yr 18% less
KPMG India Associate Director Salary 8 - 21 years exp. (304 salaries)	₹22 L/yr - ₹60 L/yr 3% less	2 job openings

Associate Director salary at Kotak Mahindra Bank ranges between ₹31 Lakhs to ₹55 Lakhs per year for employees with experience between 10 years to 20 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Associate Director salaries in Mumbai

Last Updated: 1 Dec 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹16.8 L/yr - ₹50 L/yr
11 years (AmbitionBox Estimate)	₹37.9 L/yr - ₹48.4 L/yr
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12 years (AmbitionBox Estimate)	₹38.1 L/yr - ₹48.6 L/yr
13 years (AmbitionBox Estimate)	₹38.2 L/yr - ₹48.9 L/yr
14 years (AmbitionBox Estimate)	₹31 L/yr - ₹76.8 L/yr
15+ years (4 salaries)	₹40 L/yr - ₹55 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Product Manager Salary

(410 salaries)

₹6 L/yr - ₹25 L/yr

Business Analyst Salary

(149 salaries)

₹9.98 L/yr - ₹18.52 L/yr

Project Manager Salary

(49 salaries)

₹5.3 L/yr - ₹20 L/yr

Technical Manager Salary

(12 salaries)

₹4.1 L/yr - ₹6.05 L/yr

Program Manager Salary

(5 salaries)

₹7 L/yr - ₹23.5 L/yr

Technical Lead Salary

(3 salaries)

₹33.49 L/yr - ₹34.27 L/yr

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.

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

see more salary related reviews

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Associate Director Salary FAQs

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

Associate Director salary at Kotak Mahindra Bank in Mumbai ranges between ₹31.0 Lakhs to ₹55.0 Lakhs for experience between 10 years to 20 years. According to our estimates it is 10% more than the average Associate Director Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

How does the salary of a Associate Director at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?

The average salary of a Associate Director at Kotak Mahindra Bank is 10% more than the average salary of a Associate Director in Mumbai. To know exact salary insights, login to view.

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

KPMG India Associate Director Salary - ₹22.0 Lakhs to ₹60.0 Lakhs per year
Yes Bank Associate Director Salary - ₹28.0 Lakhs to ₹48.0 Lakhs per year
UBS Associate Director Salary - ₹14.8 Lakhs to ₹51.5 Lakhs per year
IDFC FIRST Bank Associate Director Salary - ₹15.8 Lakhs to ₹44.0 Lakhs per year
HDFC Bank Associate Director Salary - ₹10.0 Lakhs to ₹31.0 Lakhs per year

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 ranges between ₹2,51,626 per month to ₹2,61,867 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Associate Director salary in India which ranges between ₹31.0 Lakhs to ₹55.0 Lakhs per year for employees with experience between 10 years to 20 years. Check how did we calculate take home salary?

What is the notice period for Associate Director at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Associate Directors in Mumbai reported a notice period of 3 Months.This is based on 5 responses on AmbitionBox in last 2 years.

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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 7 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.