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

Annual salary range
3 - 21 years exp.
₹9.7 Lakhs - ₹36 Lakhs
Salary of majority employees
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Fixed (100%)
₹21.2 Lakhs
Variable (0%)
₹0.0
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31% less than the average Associate Vice President Salary in Banking Companies for 3 - 21 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Associate Vice President Salary
5 - 20 years exp. (158 salaries)
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₹10.5 L/yr - ₹35.3 L/yr

Product Management
Associate Vice President Salary
3 - 20 years exp. (84 salaries)
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₹10 L/yr - ₹40 L/yr

Finance & Accounting
Associate Vice President Salary
4 - 19 years exp. (58 salaries)
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₹10 L/yr - ₹34.4 L/yr

Sales & Business Development
Associate Vice President Salary
3 - 18 years exp. (47 salaries)
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₹12 L/yr - ₹30 L/yr

Data Science & Analytics
Associate Vice President Salary
5 - 21 years exp. (35 salaries)
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₹13 L/yr - ₹36 L/yr

View all

Last Updated: 10 Mar 2025

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

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Kotak Mahindra Bank Associate Vice President Salary

3 - 21 years exp. (719 salaries)

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₹9.7 L/yr - ₹36 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Bank Associate Vice President Salary

8 - 21 years exp. (135 salaries)

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₹13.5 L/yr - ₹40 L/yr

arrow icon 36% more
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ICICI Bank Associate Vice President Salary

5 - 16 years exp. (12 salaries)

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₹18 L/yr - ₹35 L/yr

arrow icon 15% more
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Axis Bank Associate Vice President Salary

9 - 20 years exp. (100 salaries)

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₹13.8 L/yr - ₹40.1 L/yr

arrow icon 30% more
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₹10 L/yr - ₹19.8 L/yr

arrow icon 36% less
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IndusInd Bank Associate Vice President Salary

6 - 18 years exp. (116 salaries)

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₹9 L/yr - ₹30 L/yr

arrow icon 12% less
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Yes Bank Associate Vice President Salary

6 - 15 years exp. (83 salaries)

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₹10 L/yr - ₹27 L/yr

arrow icon 15% less
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IDFC FIRST Bank Associate Vice President Salary

8 - 18 years exp. (47 salaries)

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₹14 L/yr - ₹39 L/yr

arrow icon 27% more
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RBL Bank Associate Vice President Salary

7 - 18 years exp. (53 salaries)

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₹11 L/yr - ₹23 L/yr

arrow icon 20% less
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Federal Bank Associate Vice President Salary

7 - 15 years exp. (36 salaries)

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₹22 L/yr - ₹37 L/yr

arrow icon 41% more
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₹8.1 L/yr - ₹19.3 L/yr

arrow icon 33% less
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Bandhan Bank Associate Vice President Salary

9 - 18 years exp. (11 salaries)

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₹13.3 L/yr - ₹36.2 L/yr

arrow icon 13% more
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Bank of Baroda Associate Vice President Salary

7 - 14 years exp. (10 salaries)

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₹9 L/yr - ₹15.5 L/yr

arrow icon 42% less
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₹16.5 L/yr - ₹29.6 L/yr

arrow icon 23% more
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₹24.5 L/yr - ₹40 L/yr

arrow icon 74% more
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Shinhan Bank Associate Vice President Salary

11 - 16 years exp. (6 salaries)

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₹20 L/yr - ₹30 L/yr

arrow icon 13% more
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₹37 L/yr - ₹61.3 L/yr

arrow icon 158% more
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₹16 L/yr - ₹20.4 L/yr

arrow icon 16% less
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Chase Bank Associate Vice President Salary

13 - 15 years exp. (3 salaries)

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₹24 L/yr - ₹28 L/yr

arrow icon 26% more
Associate Vice President salary at Kotak Mahindra Bank ranges between ₹9.7 Lakhs to ₹36 Lakhs per year for employees with experience between 3 years to 21 years. Salary estimates are based on 719 latest salaries received from various employees of Kotak Mahindra Bank.

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

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6 years exp.
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10 years exp.
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16 years exp.
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17 years exp.
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20 years exp.
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4 years exp.
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8 years exp.
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8 years exp.
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21 years exp.
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13 years exp.

Experience wise Kotak Mahindra Bank Associate Vice President salaries in Mumbai

Last Updated: 10 Mar 2025

Experience Avg Annual Salary
3 years  (8 salaries)

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₹19 L/yr - ₹30 L/yr
4 years  (13 salaries)

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₹14.3 L/yr - ₹30 L/yr
5 years  (24 salaries)

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₹13.5 L/yr - ₹31.2 L/yr
6 years  (45 salaries)

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₹14 L/yr - ₹33.5 L/yr
7 years  (36 salaries)

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₹12 L/yr - ₹35 L/yr
View all
Kotak Mahindra Bank Associate Vice President Salary and Career Growth

From

To

Associate Vice President

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3 - 21 years exp.

Senior Vice President

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15 - 24 years exp.

Associate Vice President 3 - 21 years exp.
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Vice President 12 - 21 years exp.
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arrow icon 101% hike
    Senior Vice President 15 - 24 years exp.
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    arrow icon 33% 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
    (49 salaries)
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    ₹5.3 L/yr - ₹20 L/yr
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    ₹6 L/yr - ₹18.7 L/yr
    Technical Lead Salary
    (3 salaries)
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    ₹33.49 L/yr - ₹34.27 L/yr
    Project Lead Salary
    (3 salaries)
    unlock blur Lock Unlock
    ₹11.7 L/yr - ₹15.5 L/yr
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    Salary related reviews for Kotak Mahindra Bank

    3.2

    Rated by 49 employees for salary & benefits

    Full Time

     · 

    Customer Success, Service & Operations Department

    4.0
      •  posted on 25 Feb 2023

    4.0
     for  Salary and Benefits

    Likes

    Kotak has good work life balance. Salary benefits are also good. There is terrible on job learning and very slow decision making by management!!

    read more
    • Salary - Good
    • +3 more

    Dislikes

    1.Extremely slow decision making. 2. Accountability of deliverables

    • Skill development - Bad
    • +1 more

    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.

    read more
    • Work satisfaction - Poor
    • +2 more

    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
    see more salary related reviews

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    Kotak Mahindra Bank Associate Vice President Salary FAQs

    What is the salary of Associate Vice President at Kotak Mahindra Bank Mumbai?
    Associate Vice President salary at Kotak Mahindra Bank in Mumbai ranges between ₹9.7 Lakhs to ₹36.0 Lakhs for experience between 3 years to 21 years. According to our estimates it is 31% less than the average Associate Vice President Salary in India. Salary estimates are based on 719 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.
    How does the salary of a Associate Vice President at Kotak Mahindra Bank Mumbai compare with the average salary range for this job?
    The average salary of a Associate Vice President at Kotak Mahindra Bank is 31% less than the average salary of a Associate Vice President 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 in Mumbai?
    • Paytm Payments Bank Associate Vice President Salary - ₹37.0 Lakhs to ₹61.3 Lakhs per year
    • Barclays Investment Bank Associate Vice President Salary - ₹24.5 Lakhs to ₹40.0 Lakhs per year
    • Federal Bank Associate Vice President Salary - ₹22.0 Lakhs to ₹37.0 Lakhs per year
    • HDFC Bank Associate Vice President Salary - ₹13.5 Lakhs to ₹40.0 Lakhs per year
    • Axis Bank Associate Vice President Salary - ₹13.8 Lakhs to ₹40.1 Lakhs per year
    What is the salary of a Associate Vice President in companies similar to Kotak Mahindra Bank in Mumbai?
    • IDFC FIRST Bank Associate Vice President Salary - ₹14.0 Lakhs to ₹39.0 Lakhs per year
    • Chase Bank Associate Vice President Salary - ₹24.0 Lakhs to ₹28.0 Lakhs per year
    • HSBC Global Banking and Markets Associate Vice President Salary - ₹16.5 Lakhs to ₹29.6 Lakhs per year
    • ICICI Bank Associate Vice President Salary - ₹18.0 Lakhs to ₹35.0 Lakhs per year
    • Shinhan Bank Associate Vice President Salary - ₹20.0 Lakhs to ₹30.0 Lakhs per year
    What is the estimated take home salary of a Associate Vice President at Kotak Mahindra Bank in Mumbai?
    The estimated take-home salary of a Associate Vice President at Kotak Mahindra Bank ranges between ₹1,38,081 per month to ₹1,43,188 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Associate Vice President salary in India which ranges between ₹9.7 Lakhs to ₹36.0 Lakhs per year for employees with experience between 3 years to 21 years. Check how did we calculate take home salary?
    What is the notice period for Associate Vice President at Kotak Mahindra Bank in Mumbai?
    According to AmbitionBox, 86% of the Kotak Mahindra Bank Associate Vice Presidents in Mumbai reported a notice period of 3 Months, 9% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 455 responses on AmbitionBox in last 2 years.

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    Kotak Mahindra Bank Associate Vice President salary in Mumbai ranges between ₹9.7 Lakhs to ₹36 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 719 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.