Kotak Mahindra Bank Business Analyst Salaries by 300+ Employees (Updated 2025)

1 - 11 years exp.

₹4.6 Lakhs - ₹18 Lakhs

Salary of majority employees

9% more than the average Business Analyst Salary in Banking Companies for 1 - 11 years of experience

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Salaries in different departments

Data Science & Analytics Business Analyst Salary 1 - 11 years exp. (134 salaries)	₹4.7 L/yr - ₹17 L/yr
BFSI, Investments & Trading Business Analyst Salary 1 - 11 years exp. (41 salaries)	₹4.9 L/yr - ₹15.5 L/yr
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Project & Program Management Business Analyst Salary 2 - 11 years exp. (19 salaries)	₹5.8 L/yr - ₹19.8 L/yr
Engineering - Software & QA Business Analyst Salary 2 - 10 years exp. (17 salaries)	₹4.3 L/yr - ₹14.5 L/yr
Product Management Business Analyst Salary 1 - 6 years exp. (17 salaries)	₹6 L/yr - ₹11.6 L/yr

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Last Updated: 1 Mar 2025

Companies similar to Kotak Mahindra Bank for Business Analyst

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Business Analyst Salary 0 - 13 years exp. (768 salaries)	₹4.5 L/yr - ₹18.1 L/yr 1% less
ICICI Bank Business Analyst Salary 0 - 12 years exp. (900 salaries)	₹4 L/yr - ₹15.5 L/yr 11% less
Login to view exact salary
Axis Bank Business Analyst Salary 1 - 10 years exp. (513 salaries)	₹4.2 L/yr - ₹17.7 L/yr 1% less
State Bank of India Business Analyst Salary 4 - 11 years exp. (48 salaries)	₹5.5 L/yr - ₹20.7 L/yr 27% more
Yes Bank Business Analyst Salary 1 - 11 years exp. (136 salaries)	₹4 L/yr - ₹14.3 L/yr 22% less
IndusInd Bank Business Analyst Salary 2 - 13 years exp. (187 salaries)	₹3.8 L/yr - ₹15 L/yr 16% less
IDFC FIRST Bank Business Analyst Salary 2 - 10 years exp. (183 salaries)	₹5.7 L/yr - ₹23 L/yr 23% more
Federal Bank Business Analyst Salary 0 - 7 years exp. (14 salaries)	₹6.5 L/yr - ₹14.5 L/yr 20% more
RBL Bank Business Analyst Salary 1 - 7 years exp. (82 salaries)	₹3.4 L/yr - ₹14.6 L/yr 22% less	1 job opening
Punjab National Bank Business Analyst Salary 7 - 9 years exp. (3 salaries)	₹10.3 L/yr - ₹21 L/yr 62% more

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Business Analyst salary at Kotak Mahindra Bank ranges between ₹4.6 Lakhs to ₹18 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 310 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Business Analyst salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
1 year (31 salaries)	₹4 L/yr - ₹17 L/yr
2 years (35 salaries)	₹3.9 L/yr - ₹13 L/yr
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3 years (42 salaries)	₹4.3 L/yr - ₹16.2 L/yr
4 years (31 salaries)	₹4.4 L/yr - ₹15.7 L/yr
5 years (39 salaries)	₹4.5 L/yr - ₹18.5 L/yr
6 years (37 salaries)	₹4.5 L/yr - ₹19 L/yr
7 years (23 salaries)	₹5.1 L/yr - ₹19 L/yr
8 years (36 salaries)	₹4.8 L/yr - ₹19.5 L/yr
9 years (14 salaries)	₹7.5 L/yr - ₹18.5 L/yr
10 years (18 salaries)	₹7.5 L/yr - ₹19.1 L/yr
11 years (4 salaries)	₹11 L/yr - ₹13 L/yr

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From

Business Analyst

₹

Lakhs/yr

1 - 11 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 24 years exp.

Business Analyst 1 - 11 years exp.

Senior Manager 1 - 19 years exp.

19% hike

Associate Vice President 3 - 21 years exp.

61% hike

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Lead Consultant Salary

(AmbitionBox Estimate)

₹11.8 L/yr - ₹15.1 L/yr

Top skills at Kotak Mahindra Bank for Business Analyst

Business Analysis Requirement Gathering Ca UAT Variance Analysis R Chartered Accountant System Design Project Development Deep Learning Excel User Acceptance Testing Project Planning SAS Segmentation

Salary related reviews for Kotak Mahindra Bank

2.6

Rated by 34 employees for salary & benefits

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.

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.

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.

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.

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.

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.

Skill development - Poor

+1 more

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindra Bank Business Analyst Salary FAQs

What is the salary of Business Analyst at Kotak Mahindra Bank?

Business Analyst salary at Kotak Mahindra Bank in India ranges between ₹4.6 Lakhs to ₹18.0 Lakhs for experience between 1 years to 11 years. According to our estimates it is 9% more than the average Business Analyst Salary in India. Salary estimates are based on 310 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Business Analyst at Kotak Mahindra Bank is 9% more than the average salary of a Business Analyst in India. To know exact salary insights, login to view.

What are the top skills required to work as a Business Analyst at Kotak Mahindra Bank?

Business Analysis, Requirement Gathering, Ca, UAT and Variance Analysis are some of the popular skills required to work as a Business Analyst at Kotak Mahindra Bank India.

Which similar companies are paying more than Kotak Mahindra Bank to a Business Analyst in India?

Chase Bank Business Analyst Salary - ₹10.9 Lakhs to ₹28.0 Lakhs per year
IDBI Bank Business Analyst Salary - ₹12.0 Lakhs to ₹22.0 Lakhs per year
Union Bank of India Business Analyst Salary - ₹12.5 Lakhs to ₹25.0 Lakhs per year
Punjab National Bank Business Analyst Salary - ₹10.3 Lakhs to ₹21.0 Lakhs per year
Canara Bank Business Analyst Salary - ₹11.0 Lakhs to ₹22.0 Lakhs per year

What is the salary of a Business Analyst in companies similar to Kotak Mahindra Bank in India?

HSBC Global Banking and Markets Business Analyst Salary - ₹6.6 Lakhs to ₹24.0 Lakhs per year
UCO Bank Business Analyst Salary - ₹14.0 Lakhs to ₹15.0 Lakhs per year
Barclays Investment Bank Business Analyst Salary - ₹6.2 Lakhs to ₹24.0 Lakhs per year
State Bank of India Business Analyst Salary - ₹5.5 Lakhs to ₹20.7 Lakhs per year
Bank of Baroda Business Analyst Salary - ₹5.6 Lakhs to ₹22.0 Lakhs per year

What is the estimated take home salary of a Business Analyst at Kotak Mahindra Bank in India?

The estimated take-home salary of a Business Analyst at Kotak Mahindra Bank ranges between ₹75,981 per month to ₹77,950 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Business Analyst salary in India which ranges between ₹4.6 Lakhs to ₹18.0 Lakhs per year for employees with experience between 1 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Business Analyst at Kotak Mahindra Bank?

According to AmbitionBox, 37% of the Kotak Mahindra Bank Business Analysts reported a notice period of 3 Months, 26% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 188 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Business Analyst Salaries

Kotak Mahindra Bank Business Analyst salary in India ranges between ₹4.6 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 310 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Business Analyst salaries in India (Updated 2025)

Companies similar to Kotak Mahindra Bank for Business Analyst

Latest annual salaries shared by Kotak Mahindra Bank Business Analyst

Experience wise Kotak Mahindra Bank Business Analyst salaries

Similar Designation salaries in Kotak Mahindra Bank

Top skills at Kotak Mahindra Bank for Business Analyst

Salary related reviews for Kotak Mahindra Bank

Assistant Vice President in Ernakulam

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Business Analyst Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Business Analyst Salaries by Location