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Kotak Mahindra Bank Associate salaries in Mumbai (Updated 2025)

Annual salary range
0 - 6 years exp.
₹1.4 Lakh - ₹4.2 Lakhs
Salary of majority employees
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67% less than the average Associate Salary in Banking Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Associate Salary
0 - 6 years exp. (85 salaries)
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₹1.5 L/yr - ₹4.2 L/yr

Customer Success, Service & Operations
Associate Salary
0 - 6 years exp. (73 salaries)
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₹1.4 L/yr - ₹4 L/yr

Finance & Accounting
Associate Salary
0 - 6 years exp. (56 salaries)
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₹1.4 L/yr - ₹3.5 L/yr

Risk Management & Compliance
Associate Salary
0 - 4 years exp. (24 salaries)
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₹1.8 L/yr - ₹3.2 L/yr

Sales & Business Development
Associate Salary
1 - 6 years exp. (7 salaries)
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₹1.7 L/yr - ₹3.5 L/yr

Last Updated: 23 Mar 2025

Companies similar to Kotak Mahindra Bank for Associate in Mumbai

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Kotak Mahindra Bank Associate Salary

0 - 6 years exp. (342 salaries)

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₹1.4 L/yr - ₹4.2 L/yr

vs
Company name Avg Annual Salary Open Jobs
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IDFC FIRST Bank Associate Salary

0 - 8 years exp. (326 salaries)

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₹1.6 L/yr - ₹4.9 L/yr

arrow icon 23% more
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ICICI Bank Associate Salary

0 - 5 years exp. (25 salaries)

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₹1.4 L/yr - ₹5.1 L/yr

arrow icon 12% more
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HDFC Bank Associate Salary

0 - 6 years exp. (21 salaries)

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₹1.9 L/yr - ₹7.8 L/yr

arrow icon 19% more
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Axis Bank Associate Salary

0 - 8 years exp. (17 salaries)

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₹2.1 L/yr - ₹5 L/yr

arrow icon 38% more
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Yes Bank Associate Salary

1 - 8 years exp. (10 salaries)

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₹2.5 L/yr - ₹4.9 L/yr

arrow icon 36% more
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Federal Bank Associate Salary

1 - 4 years exp. (8 salaries)

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₹5 L/yr - ₹8 L/yr

arrow icon 157% more
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IndusInd Bank Associate Salary

2 - 6 years exp. (4 salaries)

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₹3 L/yr - ₹3.5 L/yr

arrow icon 22% more
1 job opening
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RBL Bank Associate Salary

2 - 6 years exp. (3 salaries)

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₹2 L/yr - ₹3.3 L/yr

arrow icon 14% more
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₹8.6 L/yr - ₹17.3 L/yr

arrow icon 372% more
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Barclays Investment Bank Associate Salary

7 - 9 years exp. (3 salaries)

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₹6.3 L/yr - ₹16.5 L/yr

arrow icon 297% more
Associate salary at Kotak Mahindra Bank ranges between ₹1.4 Lakh to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 342 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Associate in Mumbai

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Experience wise Kotak Mahindra Bank Associate salaries in Mumbai

Last Updated: 23 Mar 2025

Experience Avg Annual Salary
Fresher  (47 salaries)

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₹1.4 L/yr - ₹3.3 L/yr
1 year  (82 salaries)

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₹1.6 L/yr - ₹3.5 L/yr
2 years  (69 salaries)

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₹1.5 L/yr - ₹3.5 L/yr
3 years  (64 salaries)

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₹1.5 L/yr - ₹4.2 L/yr
4 years  (47 salaries)

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₹1.8 L/yr - ₹3.5 L/yr
View all
Kotak Mahindra Bank Associate Salary and Career Growth

From

To

Associate

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0 - 6 years exp.

Deputy Manager

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0 - 13 years exp.

Associate 0 - 6 years exp.
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Assistant Manager 0 - 9 years exp.
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arrow icon 34% hike
    Deputy Manager 0 - 13 years exp.
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    arrow icon 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

    Team Lead Salary
    (83 salaries)
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    ₹1.8 L/yr - ₹6.96 L/yr
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    ₹1.5 L/yr - ₹3.9 L/yr
    Technical Lead Salary
    (3 salaries)
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    ₹33.49 L/yr - ₹34.27 L/yr

    Top skills at Kotak Mahindra Bank for Associate

    Origination MA Valuation Investment Banking Operations Due Diligence

    Salary related reviews for Kotak Mahindra Bank

    3.0

    Rated by 26 employees for salary & benefits

    Credit card Operatoin Department

    1.0
      •  posted on 30 Jul 2018

    1.0
     for  Salary and Benefits

    Likes

    Job security

    Dislikes

    No salary increment for Associate level. Hr is least bothered about there job exit and no meeting even once in a year. No Overtime allowance. Travelling is too difficult if anyone is in Malad infinity park. No learning program for employees except manipal University program. Cafeteria is poor in Back office Malad. No proper training provided for employees.

    read more
    • Salary - Bad
    • +5 more

    Full Time

     · 

    ARD Department

    3.0
      •  posted on 01 May 2022

    4.0
     for  Salary and Benefits

    Likes

    I have learned a lot by working in this organization. Company have given me free hand to use my skills which helps me to close some of complicated loan cases which could take years to resolve.

    read more
    • Salary - Good
    • +3 more

    Dislikes

    There is a lot of workload due to which you dont and have personal life and they font pay accordingly. One more thing they have bad conveyance expenses policy. Bank only pay Rs. 4 per kilometer upto level of M3 and there after yoy will get onle Rs. 7 per kilometer from Grade M4.

    read more
    • Work-life balance - Poor

    Finance & Accounting Department

    2.0
      •  posted on 06 Dec 2018

    1.0
     for  Salary and Benefits

    Likes

    In kotak mahindra there is a growth but there salary is very less and there is no no proper incentives and we will not receive salary on time. For employees there is no leave. We have to work like 24/7/365.

    read more

    Dislikes

    Same as above

    • Salary - Bad
    • +3 more

    agriculture Department

    4.0
      •  posted on 04 May 2018

    3.0
     for  Salary and Benefits

    Likes

    the company is open to innovation and readily adopts latest technology

    • Skill development - Excellent
    • +3 more

    Dislikes

    compensation is decent but growth is slow. sometimes i have to work 14-18 hours straight in a day as i have to attend client calls in the early morning and evening and sometimes late into night

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    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
    see more salary related reviews

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    Kotak Mahindra Bank Associate Salary FAQs

    What is the salary of Associate at Kotak Mahindra Bank in Mumbai?
    The average salary of a Associate at Kotak Mahindra Bank in Mumbai typically ranges from ₹1.4 Lakhs to ₹4.2 Lakhs per year, depending on experience (from Fresher to 6 years).

    The top 10% of Associate in Mumbai at Kotak Mahindra Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Associate 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 300+ Kotak Mahindra Bank employees in India.
    What is the estimated take home salary of a Associate at Kotak Mahindra Bank in Mumbai?
    The estimated take-home salary of a Associate at Kotak Mahindra Bank in Mumbai typically ranges from ₹18,183 to ₹19,873 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from Fresher to 6 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 300+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
    What are the key skills required to be a Associate at Kotak Mahindra Bank in Mumbai?
    To be a Associate at Kotak Mahindra Bank in Mumbai, the key skills required include:

    • - Origination
    • - MA
    • - Valuation
    • - Investment Banking Operations
    • - Due Diligence

    These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.
    Which companies offer higher salaries than Kotak Mahindra Bank for Associate in India?
    HSBC Global Banking and Markets ₹8.6 Lakhs to ₹17.3 Lakhs per year
    Barclays Investment Bank ₹6.3 Lakhs to ₹16.5 Lakhs per year
    Federal Bank ₹5.0 Lakhs to ₹8.0 Lakhs per year
    Axis Bank ₹2.1 Lakhs to ₹5.0 Lakhs per year
    Yes Bank ₹2.5 Lakhs to ₹4.9 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 in companies similar to Kotak Mahindra Bank in Mumbai?
    The salary of a Associate at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    IDFC FIRST Bank ₹1.6 Lakhs to ₹4.9 Lakhs per year
    IndusInd Bank ₹3.0 Lakhs to ₹3.5 Lakhs per year
    HDFC Bank ₹1.9 Lakhs to ₹7.8 Lakhs per year
    RBL Bank ₹2.0 Lakhs to ₹3.3 Lakhs per year
    ICICI Bank ₹1.4 Lakhs to ₹5.1 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 at Kotak Mahindra Bank in Mumbai?
    The salary growth for a Associate at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Associate in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

    Experience Average Salary Range
    Fresher ₹1.4 Lakhs to ₹3.3 Lakhs per year
    1 year ₹1.6 Lakhs to ₹3.5 Lakhs per year
    2 years ₹1.5 Lakhs to ₹3.5 Lakhs per year
    3 years ₹1.5 Lakhs to ₹4.2 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Kotak Mahindra Bank Associate salary in Mumbai ranges between ₹1.4 Lakh to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 342 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.