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Kotak Mahindra Bank Associate Manager salaries in India (Updated 2025)

Annual salary range
1 - 8 years exp.
₹1.4 Lakh - ₹5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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79% less than the average Associate Manager Salary in Banking Companies for 1 - 8 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Associate Manager Salary
1 - 8 years exp. (14 salaries)
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₹1.6 L/yr - ₹4 L/yr

Sales & Business Development
Associate Manager Salary
1 - 6 years exp. (14 salaries)
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₹1.9 L/yr - ₹5 L/yr

BFSI, Investments & Trading
Associate Manager Salary
1 - 4 years exp. (12 salaries)
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₹1.4 L/yr - ₹3.8 L/yr

Finance & Accounting
Associate Manager Salary
1 - 5 years exp. (11 salaries)
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₹2.5 L/yr - ₹3.9 L/yr

Last Updated: 8 Mar 2025

Companies similar to Kotak Mahindra Bank for Associate Manager

Company name Avg Annual Salary Open Jobs
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IndusInd Bank Associate Manager Salary

0 - 10 years exp. (1.1k salaries)

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₹1.8 L/yr - ₹6.8 L/yr

arrow icon 28% more
17 job openings
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IDFC FIRST Bank Associate Manager Salary

0 - 5 years exp. (239 salaries)

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₹2.4 L/yr - ₹8.1 L/yr

arrow icon 10% more
3 job openings
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ICICI Bank Associate Manager Salary

0 - 6 years exp. (37 salaries)

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₹2.2 L/yr - ₹7.6 L/yr

arrow icon 25% more
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HDFC Bank Associate Manager Salary

0 - 11 years exp. (29 salaries)

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₹2.5 L/yr - ₹6 L/yr

arrow icon 30% more
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Yes Bank Associate Manager Salary

0 - 9 years exp. (18 salaries)

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₹2.4 L/yr - ₹6.5 L/yr

arrow icon 17% more
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Axis Bank Associate Manager Salary

1 - 6 years exp. (15 salaries)

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₹2.5 L/yr - ₹5.1 L/yr

arrow icon 20% more
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Bandhan Bank Associate Manager Salary

0 - 4 years exp. (7 salaries)

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₹3.4 L/yr - ₹5 L/yr

arrow icon 23% more
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₹15 L/yr - ₹19.9 L/yr

arrow icon 415% more
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RBL Bank Associate Manager Salary

3 - 4 years exp. (5 salaries)

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₹3 L/yr - ₹4.5 L/yr

arrow icon 15% more
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Federal Bank Associate Manager Salary

0 - 12 years exp. (5 salaries)

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₹9.2 L/yr - ₹12 L/yr

arrow icon 227% more
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Paytm Payments Bank Associate Manager Salary

3 - 5 years exp. (4 salaries)

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₹3.5 L/yr - ₹5.5 L/yr

arrow icon 27% more
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IDBI Bank Associate Manager Salary

3 - 8 years exp. (3 salaries)

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₹11 L/yr - ₹18 L/yr

arrow icon 348% more
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Canara Bank Associate Manager Salary

1 - 11 years exp. (3 salaries)

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₹3.3 L/yr - ₹9.8 L/yr

arrow icon 136% more
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₹11.2 L/yr - ₹12 L/yr

arrow icon 267% more
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₹3 L/yr - ₹4.5 L/yr

arrow icon 21% more
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₹3.1 L/yr - ₹3.3 L/yr

At par
Associate Manager salary at Kotak Mahindra Bank ranges between ₹1.4 Lakh to ₹5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 76 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Associate Manager

3d ago
₹3.5 Lakhs
3 years exp.
1w ago
₹3.3 Lakhs
3 years exp.
2w ago
₹3.5 Lakhs
2 years exp.
1mo ago
₹3.2 Lakhs
4 years exp.
1mo ago
₹3 Lakhs
1 year exp.
1mo ago
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4 years exp.
2mo ago
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3 years exp.
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3 years exp.
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4 years exp.
3mo ago
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8 years exp.

Experience wise Kotak Mahindra Bank Associate Manager salaries

Last Updated: 8 Mar 2025

Experience Avg Annual Salary
1 year  (18 salaries)

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₹1.9 L/yr - ₹3.6 L/yr
2 years  (14 salaries)

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₹2.5 L/yr - ₹3.5 L/yr
3 years  (18 salaries)

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₹1.6 L/yr - ₹4 L/yr
4 years  (18 salaries)

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₹1.4 L/yr - ₹4 L/yr
5 years  (5 salaries)

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₹2.9 L/yr - ₹5 L/yr
View all
Kotak Mahindra Bank Associate Manager Salary and Career Growth

From

To

Associate Manager

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1 - 8 years exp.

Deputy Manager

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0 - 13 years exp.

Associate Manager 1 - 8 years exp.
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Assistant Manager 0 - 9 years exp.
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arrow icon 10% hike
    Deputy Manager 0 - 13 years exp.
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    arrow icon 44% hike
    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Similar Designation salaries in Kotak Mahindra Bank

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    (60 salaries)
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    ₹5.79 L/yr - ₹24.3 L/yr
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    Project Lead Salary
    (3 salaries)
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    (3 salaries)
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    ₹11.82 L/yr - ₹23 L/yr
    Test Lead Salary
    (3 salaries)
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    ₹12.5 L/yr - ₹25 L/yr
    Technical Lead Salary
    (8 salaries)
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    ₹20.2 L/yr - ₹64 L/yr
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    ₹6 L/yr - ₹16 L/yr
    Lead Engineer Salary
    (AmbitionBox Estimate)
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    ₹52.3 L/yr - ₹57.8 L/yr

    Salary related reviews for Kotak Mahindra Bank

    3.6

    Rated by 12 employees for salary & benefits

    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
    • Salary - Poor
    • +4 more

    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.

    read more
    • Salary - Poor
    • +1 more

    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.

    read more
    • Salary - Bad
    • +3 more

    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

    read more
    • Salary - Poor
    • +4 more

    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

    read more
    • Salary - Poor
    • +5 more
    see more salary related reviews

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    Kotak Mahindra Bank Associate Manager Salary FAQs

    What is the salary of Associate Manager at Kotak Mahindra Bank ?
    The average salary of a Associate Manager at Kotak Mahindra Bank in India typically ranges from ₹1.4 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 8 years).

    The top 10% of Associate Manager at Kotak Mahindra Bank earn more than ₹3.7 Lakhs per year, and the top 1% earn over ₹4.9 Lakhs per year. Associate Manager 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 70+ Kotak Mahindra Bank employees in India.
    What is the estimated take home salary of a Associate Manager at Kotak Mahindra Bank in India?
    The estimated take-home salary of a Associate Manager at Kotak Mahindra Bank in India typically ranges from ₹23,089 to ₹24,556 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year to 8 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 70+ 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 Manager in India?
    HSBC Global Banking and Markets ₹15.0 Lakhs to ₹19.9 Lakhs per year
    IDBI Bank ₹11.0 Lakhs to ₹18.0 Lakhs per year
    Barclays Investment Bank ₹11.2 Lakhs to ₹12.0 Lakhs per year
    Federal Bank ₹9.2 Lakhs to ₹12.0 Lakhs per year
    Canara Bank ₹3.3 Lakhs to ₹9.8 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 Manager in companies similar to Kotak Mahindra Bank in India?
    The salary of a Associate Manager at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    HDFC Bank ₹2.5 Lakhs to ₹6.0 Lakhs per year
    IndusInd Bank ₹1.8 Lakhs to ₹6.8 Lakhs per year
    Paytm Payments Bank ₹3.5 Lakhs to ₹5.5 Lakhs per year
    ICICI Bank ₹2.2 Lakhs to ₹7.6 Lakhs per year
    Bandhan Bank ₹3.4 Lakhs to ₹5.0 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 Manager at Kotak Mahindra Bank in India?
    The salary growth for a Associate Manager at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Associate Manager can expect the following growth trajectory at Kotak Mahindra Bank:

    Experience Average Salary Range
    1 year ₹1.9 Lakhs to ₹3.6 Lakhs per year
    2 years ₹2.5 Lakhs to ₹3.5 Lakhs per year
    3 years ₹1.6 Lakhs to ₹4.0 Lakhs per year
    4 years ₹1.4 Lakhs to ₹4.0 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Kotak Mahindra Bank Associate Manager salary in India ranges between ₹1.4 Lakh to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 76 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.