Kotak Mahindra Bank Associate Manager Salaries by 70+ Employees (Updated 2025)

1 - 8 years exp.

₹1.6 Lakh - ₹5.1 Lakhs

Salary of majority employees

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

Sales & Business Development Associate Manager Salary 1 - 6 years exp. (15 salaries)	₹1.9 L/yr - ₹5.1 L/yr
Customer Success, Service & Operations Associate Manager Salary 1 - 8 years exp. (14 salaries)	₹1.6 L/yr - ₹4 L/yr
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Finance & Accounting Associate Manager Salary 1 - 5 years exp. (11 salaries)	₹2.5 L/yr - ₹3.9 L/yr
BFSI, Investments & Trading Associate Manager Salary 1 - 4 years exp. (10 salaries)	₹2.2 L/yr - ₹3.8 L/yr

Last Updated: 22 Feb 2025

Companies similar to Kotak Mahindra Bank for Associate Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Associate Manager Salary 0 - 8 years exp. (26 salaries)	₹2.5 L/yr - ₹6 L/yr 20% more
ICICI Bank Associate Manager Salary 0 - 6 years exp. (37 salaries)	₹2.2 L/yr - ₹7.6 L/yr 23% more
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Axis Bank Associate Manager Salary 1 - 6 years exp. (15 salaries)	₹2.5 L/yr - ₹5.1 L/yr 17% more
State Bank of India Associate Manager Salary 0 - 8 years exp. (5 salaries)	₹7 L/yr - ₹14 L/yr 220% more
IndusInd Bank Associate Manager Salary 0 - 10 years exp. (1.1k salaries)	₹1.5 L/yr - ₹6.8 L/yr 23% more
Yes Bank Associate Manager Salary 0 - 9 years exp. (18 salaries)	₹2.4 L/yr - ₹6.5 L/yr 16% more
Federal Bank Associate Manager Salary 0 - 12 years exp. (5 salaries)	₹9.2 L/yr - ₹12 L/yr 219% more
IDFC FIRST Bank Associate Manager Salary 0 - 6 years exp. (236 salaries)	₹2.4 L/yr - ₹6.9 L/yr 8% more	3 job openings
RBL Bank Associate Manager Salary 3 - 4 years exp. (5 salaries)	₹3 L/yr - ₹4.5 L/yr 12% more
Bandhan Bank Associate Manager Salary 0 - 4 years exp. (7 salaries)	₹3.4 L/yr - ₹5 L/yr 20% more
HSBC Global Banking and Markets Associate Manager Salary 10 - 12 years exp. (6 salaries)	₹15 L/yr - ₹19.9 L/yr 401% more
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Utkarsh Small Finance Bank Associate Manager Salary 4 - 9 years exp. (4 salaries)	₹3.1 L/yr - ₹4 L/yr 3% more
Paytm Payments Bank Associate Manager Salary 3 - 5 years exp. (4 salaries)	₹3.5 L/yr - ₹5.5 L/yr 23% more
IDBI Bank Associate Manager Salary 3 - 8 years exp. (3 salaries)	₹11 L/yr - ₹18 L/yr 336% more
Canara Bank Associate Manager Salary 1 - 11 years exp. (3 salaries)	₹3.3 L/yr - ₹9.8 L/yr 129% more
Barclays Investment Bank Associate Manager Salary 7 - 9 years exp. (3 salaries)	₹11.2 L/yr - ₹12 L/yr 257% more
Ujjivan Small Finance Bank Associate Manager Salary 2 - 5 years exp. (3 salaries)	₹3 L/yr - ₹4.5 L/yr 18% more

Associate Manager salary at Kotak Mahindra Bank ranges between ₹1.6 Lakh to ₹5.1 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 75 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Associate Manager salaries

Last Updated: 22 Feb 2025

Experience	Avg Annual Salary
1 year (18 salaries)	₹1.9 L/yr - ₹3.6 L/yr
2 years (14 salaries)	₹2.5 L/yr - ₹3.5 L/yr
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3 years (17 salaries)	₹1.6 L/yr - ₹4 L/yr
4 years (17 salaries)	₹2 L/yr - ₹4 L/yr
5 years (5 salaries)	₹2.9 L/yr - ₹5 L/yr
6 years (3 salaries)	₹3.3 L/yr - ₹5.1 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹6.4 L/yr

View all

From

Associate Manager

₹

Lakhs/yr

1 - 8 years exp.

Deputy Manager

₹

Lakhs/yr

0 - 13 years exp.

Associate Manager 1 - 8 years exp.

Assistant Manager 0 - 9 years exp.

7% hike

Deputy Manager 0 - 13 years exp.

43% 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

Project Manager Salary

(64 salaries)

₹6.24 L/yr - ₹23.98 L/yr

Technical Manager Salary

(70 salaries)

₹3.5 L/yr - ₹8 L/yr

Associate Consultant Salary

(5 salaries)

₹2.4 L/yr - ₹3 L/yr

Project Lead Salary

(3 salaries)

₹11.65 L/yr - ₹15.5 L/yr

Module Lead Salary

(3 salaries)

₹35.1 L/yr - ₹44.8 L/yr

Software Engineer Salary

(36 salaries)

₹10.72 L/yr - ₹20.9 L/yr

Test Lead Salary

(3 salaries)

₹12.5 L/yr - ₹25 L/yr

Technical Lead Salary

(8 salaries)

₹20.2 L/yr - ₹64 L/yr

Senior Engineer Salary

(6 salaries)

₹3.25 L/yr - ₹10.51 L/yr

Lead Engineer Salary

(AmbitionBox Estimate)

₹52.3 L/yr - ₹57.8 L/yr

Salary related reviews for Kotak Mahindra Bank

3.6

Rated by 12 employees for salary & benefits

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

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

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 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 Manager Salary FAQs

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

Associate Manager salary at Kotak Mahindra Bank in India ranges between ₹1.6 Lakhs to ₹5.1 Lakhs for experience between 1 years to 8 years. According to our estimates it is 79% less than the average Associate Manager Salary in India. Salary estimates are based on 75 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Associate Manager at Kotak Mahindra Bank is 79% less than the average salary of a Associate Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Associate Manager in India?

HSBC Global Banking and Markets Associate Manager Salary - ₹15.0 Lakhs to ₹19.9 Lakhs per year
IDBI Bank Associate Manager Salary - ₹11.0 Lakhs to ₹18.0 Lakhs per year
Barclays Investment Bank Associate Manager Salary - ₹11.2 Lakhs to ₹12.0 Lakhs per year
State Bank of India Associate Manager Salary - ₹7.0 Lakhs to ₹14.0 Lakhs per year
Federal Bank Associate Manager Salary - ₹9.2 Lakhs to ₹12.0 Lakhs per year

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

Canara Bank Associate Manager Salary - ₹3.3 Lakhs to ₹9.8 Lakhs per year
Paytm Payments Bank Associate Manager Salary - ₹3.5 Lakhs to ₹5.5 Lakhs per year
IndusInd Bank Associate Manager Salary - ₹1.5 Lakhs to ₹6.8 Lakhs per year
ICICI Bank Associate Manager Salary - ₹2.2 Lakhs to ₹7.6 Lakhs per year
HDFC Bank Associate Manager Salary - ₹2.5 Lakhs to ₹6.0 Lakhs per year

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 ranges between ₹23,801 per month to ₹25,257 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Associate Manager salary in India which ranges between ₹1.6 Lakhs to ₹5.1 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Associate Manager at Kotak Mahindra Bank?

According to AmbitionBox, 55% of the Kotak Mahindra Bank Associate Managers reported a notice period of 1 Month, 23% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 78 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Associate Manager Salaries by Location

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Kotak Mahindra Bank Associate Manager Salaries

Kotak Mahindra Bank Associate Manager salary in India ranges between ₹1.6 Lakh to ₹5.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 75 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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

Companies similar to Kotak Mahindra Bank for Associate Manager

Latest annual salaries shared by Kotak Mahindra Bank Associate Manager

Experience wise Kotak Mahindra Bank Associate Manager salaries

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Principal Software Engineer in Bangalore / Bengaluru

Team Lead in Bangalore / Bengaluru

Senior Associate in Mumbai

Associate Vice President in Noida

Deputy Vice President in Indore

Kotak Mahindra Bank Associate Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Associate Manager Salaries by Location