Kotak Mahindra Bank Chennai Associate Manager Salaries by 10+ Employees

1 - 5 years exp.

₹1.4 Lakh - ₹3.9 Lakhs

Salary of majority employees

81% less than the average Associate Manager Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

Finance & Accounting Associate Manager Salary 1 - 4 years exp. (7 salaries)	₹2.5 L/yr - ₹3.9 L/yr
Customer Success, Service & Operations Associate Manager Salary 1 - 5 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.6 L/yr
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BFSI, Investments & Trading Associate Manager Salary 4 years exp. (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.5 L/yr
Sales & Business Development Associate Manager Salary 4 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.7 L/yr

Last Updated: 19 Dec 2024

Companies similar to Kotak Mahindra Bank for Associate Manager in Chennai

Kotak Mahindra Bank Associate Manager Salary

1 - 5 years exp. (12 salaries)

₹1.4 L/yr - ₹3.9 L/yr

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank Associate Manager Salary 0 - 10 years exp. (458 salaries)	₹1.8 L/yr - ₹6.6 L/yr 26% more	16 job openings
IDFC FIRST Bank Associate Manager Salary 0 - 5 years exp. (30 salaries)	₹2.8 L/yr - ₹4 L/yr 9% more	3 job openings
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Axis Bank Associate Manager Salary 1 - 6 years exp. (6 salaries)	₹3.3 L/yr - ₹5.1 L/yr 21% more
Barclays Investment Bank Associate Manager Salary 7 - 9 years exp. (3 salaries)	₹11.2 L/yr - ₹12 L/yr 265% more
Accenture Associate Manager Salary 6 - 19 years exp. (1.4k salaries)	₹10.2 L/yr - ₹40.2 L/yr 674% more	133 job openings

Associate Manager salary at Kotak Mahindra Bank ranges between ₹1.4 Lakh to ₹3.9 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 12 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Associate Manager salaries in Chennai

Last Updated: 19 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
2 years (3 salaries)	₹2.5 L/yr - ₹5.5 L/yr
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3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
4 years (4 salaries)	₹1.4 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

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.

10% hike

Deputy Manager 0 - 13 years exp.

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

Technical Manager Salary

(3 salaries)

₹3.5 L/yr - ₹6.35 L/yr

Salary related reviews for Kotak Mahindra Bank

2.0

Rated by 2 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

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

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank

I have bank experience and want to move to the IT sector, any possible? Which cloud is suitable for me.

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Kotak Mahindra Bank Associate Manager Salary FAQs

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

The average salary of a Associate Manager at Kotak Mahindra Bank in Chennai typically ranges from ₹1.4 Lakhs to ₹3.9 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Associate Manager in Chennai at Kotak Mahindra Bank earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹3.9 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 10+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Associate Manager at Kotak Mahindra Bank in Chennai typically ranges from ₹23,207 to ₹24,673 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹3.9 Lakhs per year for employees with experience ranging from 1 year to 5 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 10+ 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?

Accenture	₹10.2 Lakhs to ₹40.2 Lakhs per year
Barclays Investment Bank	₹11.2 Lakhs to ₹12.0 Lakhs per year
IndusInd Bank	₹1.8 Lakhs to ₹6.6 Lakhs per year
Axis Bank	₹3.3 Lakhs to ₹5.1 Lakhs per year
IDFC FIRST Bank	₹2.8 Lakhs to ₹4.0 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.

How the salary growth look like for a Associate Manager at Kotak Mahindra Bank in Chennai?

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

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.5 Lakhs to ₹5.5 Lakhs per year
3 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
4 years	₹1.4 Lakhs to ₹3.9 Lakhs per year

and so on.

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Kotak Mahindra Bank Associate Manager Salaries in Chennai

Kotak Mahindra Bank Associate Manager salary in Chennai ranges between ₹1.4 Lakh to ₹3.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.