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Kotak Mahindra Bank

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3.8

based on 17k Reviews

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Kotak Mahindra Bank Associate Vice President Product salaries in Mumbai (Updated 2025)

Annual salary range
3 - 8 years exp.
₹16.2 Lakhs - ₹27.6 Lakhs
Salary of majority employees
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At par with the average Associate Vice President Product Salary in Banking Companies for 3 - 8 years of experience

Interested in this particular role?

Last Updated: 9 Feb 2025

Companies similar to Kotak Mahindra Bank for Associate Vice President Product in Mumbai

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Kotak Mahindra Bank Associate Vice President Product Salary

3 - 8 years exp. (6 salaries)
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₹16.2 L/yr - ₹27.6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Kotak Securities Associate Vice President Product Salary

4 - 10 years exp. (3 salaries)
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₹17.4 L/yr - ₹24 L/yr

arrow icon 12% less
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HDFC Life Associate Vice President Product Salary

12 - 15 years exp. (3 salaries)
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₹37 L/yr - ₹45 L/yr

arrow icon 65% more
 1 job opening
Associate Vice President Product salary at Kotak Mahindra Bank ranges between ₹16.2 Lakhs to ₹27.6 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Associate Vice President Product in Mumbai

1mo ago
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7 years exp.
2mo ago
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5 years exp.
5mo ago
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7 years exp.
1y ago
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6 years exp.
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8 years exp.
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3 years exp.

Experience wise Kotak Mahindra Bank Associate Vice President Product salaries in Mumbai

Last Updated: 9 Feb 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹25 L/yr - ₹51.4 L/yr
4 years (AmbitionBox Estimate)

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₹24.1 L/yr - ₹30.8 L/yr
5 years (AmbitionBox Estimate)

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₹20 L/yr - ₹45.2 L/yr
6 years (AmbitionBox Estimate)

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₹9.3 L/yr - ₹26 L/yr
7 years (AmbitionBox Estimate)

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₹17.4 L/yr - ₹27.6 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

Assistant Vice President Salary
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₹11.29 L/yr - ₹37.95 L/yr
Senior Product Manager Salary
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₹9 L/yr - ₹28 L/yr
Senior Business Analyst Salary
(22 salaries)
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₹8.5 L/yr - ₹26 L/yr
Senior Project Manager Salary
(11 salaries)
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₹12.8 L/yr - ₹27.51 L/yr
Associate Director Salary
(8 salaries)
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₹31 L/yr - ₹55 L/yr
Technical Product Manager Salary
(5 salaries)
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₹27 L/yr - ₹34 L/yr
Assistant Product Manager Salary
(4 salaries)
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₹3.1 L/yr - ₹3.3 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.

read more
  • Salary - Bad

Deputy Manager in Mumbai

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 11 Jun 2024
2.0
 for  Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

read more
  • Job security - Good
    • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
    • +1 more

Deputy Manager in Vadodara

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 18 May 2024
3.0
 for  Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

read more
  • Skill development - Good
    • +1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

read more
  • Work satisfaction - Bad
    • +2 more

Deputy Manager in Kolkata

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 10 Mar 2024
2.0
 for  Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

  • Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

read more
  • Salary - Poor
    • +4 more

Deputy Manager in Mumbai

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 30 Dec 2023
3.0
 for  Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

  • Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

read more
  • Skill development - Poor
    • +1 more
see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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an assistant manager
4d
With online education becoming more popular, many professionals are opting for an Online MBA instead of a traditional one. But does it really offer the same value? Some key questions to consider: •Does it provide the same career opportunities and salary boost as a regular MBA? •How do employers view online MBAs compared to full-time programs? •Are the networking and learning experiences just as effective? •Is the cost justified by the return on investment? If you’ve completed or are considering an Online MBA, I’d love to hear your thoughts! Was it worth it for you? Why or why not? Let’s discuss!
Is an Online MBA Really Worth It?
Yes
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No
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Can be, if properly planned
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Kotak Mahindra Bank Associate Vice President Product Salary FAQs

What is the salary of Associate Vice President Product at Kotak Mahindra Bank Mumbai?
Associate Vice President Product salary at Kotak Mahindra Bank in Mumbai ranges between ₹16.2 Lakhs to ₹27.6 Lakhs for experience between 3 years to 8 years. According to our estimates it is 2% less than the average Associate Vice President Product Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.
How does the salary of a Associate Vice President Product at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?
The average salary of a Associate Vice President Product at Kotak Mahindra Bank is 2% less than the average salary of a Associate Vice President Product in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindra Bank to a Associate Vice President Product in Mumbai?
  • HDFC Life Associate Vice President Product Salary - ₹37.0 Lakhs to ₹45.0 Lakhs per year
What is the salary of a Associate Vice President Product in companies similar to Kotak Mahindra Bank in Mumbai?
  • Kotak Securities Associate Vice President Product Salary - ₹17.4 Lakhs to ₹24.0 Lakhs per year
What is the estimated take home salary of a Associate Vice President Product at Kotak Mahindra Bank in Mumbai?
The estimated take-home salary of a Associate Vice President Product at Kotak Mahindra Bank ranges between ₹1,54,333 per month to ₹1,60,174 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Associate Vice President Product salary in India which ranges between ₹16.2 Lakhs to ₹27.6 Lakhs per year for employees with experience between 3 years to 8 years. Check how did we calculate take home salary?
What is the notice period for Associate Vice President Product at Kotak Mahindra Bank in Mumbai?
According to AmbitionBox, 86% of the Kotak Mahindra Bank Associate Vice President Products in Mumbai reported a notice period of 3 Months, 14% reported a notice period of 1 Month.This is based on 7 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Associate Vice President Product salary in Mumbai ranges between ₹16.2 Lakhs to ₹27.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.