Kotak Mahindra Bank Mumbai Business Analyst Salaries by 100+ Employees (Updated 2025)

1 - 10 years exp.

₹10 Lakhs - ₹18.5 Lakhs

Salary of majority employees

At par with the average Business Analyst Salary in Banking Companies for 1 - 10 years of experience

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Salaries in different departments

Data Science & Analytics Business Analyst Salary 1 - 9 years exp. (73 salaries)	₹10 L/yr - ₹19.6 L/yr
BFSI, Investments & Trading Business Analyst Salary 1 - 8 years exp. (15 salaries)	₹9.6 L/yr - ₹19 L/yr
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Product Management Business Analyst Salary 1 - 6 years exp. (15 salaries)	₹6 L/yr - ₹11.6 L/yr
Engineering - Software & QA Business Analyst Salary 2 - 10 years exp. (13 salaries)	₹5 L/yr - ₹14.5 L/yr
Project & Program Management Business Analyst Salary 3 - 10 years exp. (8 salaries)	₹5.5 L/yr - ₹19.5 L/yr

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Last Updated: 22 Mar 2025

Companies similar to Kotak Mahindra Bank for Business Analyst in Mumbai

Kotak Mahindra Bank Business Analyst Salary

1 - 10 years exp. (150 salaries)

₹10 L/yr - ₹18.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Business Analyst Salary 0 - 13 years exp. (337 salaries)	₹5 L/yr - ₹17 L/yr 1% less	4 job openings
Axis Bank Business Analyst Salary 0 - 10 years exp. (273 salaries)	₹4.5 L/yr - ₹18.5 L/yr At par
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ICICI Bank Business Analyst Salary 0 - 12 years exp. (150 salaries)	₹4 L/yr - ₹16.5 L/yr 13% less
IDFC FIRST Bank Business Analyst Salary 2 - 10 years exp. (81 salaries)	₹6 L/yr - ₹24.5 L/yr 36% more
RBL Bank Business Analyst Salary 1 - 8 years exp. (37 salaries)	₹4 L/yr - ₹16.5 L/yr 14% less	1 job opening
Yes Bank Business Analyst Salary 1 - 10 years exp. (36 salaries)	₹3.5 L/yr - ₹12.9 L/yr 26% less
IndusInd Bank Business Analyst Salary 2 - 11 years exp. (35 salaries)	₹5 L/yr - ₹16 L/yr 2% less	4 job openings
Barclays Investment Bank Business Analyst Salary 1 - 5 years exp. (6 salaries)	₹7.5 L/yr - ₹21 L/yr 52% more
Bank of Baroda Business Analyst Salary 5 - 10 years exp. (5 salaries)	₹7 L/yr - ₹20 L/yr 34% more
Utkarsh Small Finance Bank Business Analyst Salary 1 - 19 years exp. (4 salaries)	₹5.5 L/yr - ₹15 L/yr 3% more
HSBC Global Banking and Markets Business Analyst Salary 3 - 7 years exp. (3 salaries)	₹8.1 L/yr - ₹13.4 L/yr 18% more
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Business Analyst salary at Kotak Mahindra Bank ranges between ₹10 Lakhs to ₹18.5 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 150 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Business Analyst salaries in Mumbai

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
1 year (22 salaries)	₹4 L/yr - ₹17 L/yr
2 years (29 salaries)	₹4.1 L/yr - ₹17.8 L/yr
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3 years (26 salaries)	₹4.2 L/yr - ₹15.9 L/yr
4 years (11 salaries)	₹4.2 L/yr - ₹13.6 L/yr
5 years (24 salaries)	₹6 L/yr - ₹17.7 L/yr
6 years (11 salaries)	₹4.5 L/yr - ₹15.5 L/yr
7 years (10 salaries)	₹5.1 L/yr - ₹19 L/yr
8 years (11 salaries)	₹4.5 L/yr - ₹19.5 L/yr
9 years (3 salaries)	₹4.5 L/yr - ₹18.5 L/yr
10 years (3 salaries)	₹7.5 L/yr - ₹13.5 L/yr

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From

Business Analyst

₹

Lakhs/yr

1 - 10 years exp.

Senior Vice President

₹

Lakhs/yr

15 - 24 years exp.

Business Analyst

1 - 10 years exp.

Senior Manager

2 - 19 years exp.

13% hike

Associate Vice President

3 - 21 years exp.

64% 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)

₹1.8 L/yr - ₹9 L/yr

Data Analyst Salary

(49 salaries)

₹2.1 L/yr - ₹9.86 L/yr

Project Manager Salary

(48 salaries)

₹5.3 L/yr - ₹23.41 L/yr

Data Scientist Salary

(38 salaries)

₹6.8 L/yr - ₹22.55 L/yr

Senior Business Analyst Salary

(23 salaries)

₹8.5 L/yr - ₹26 L/yr

Analyst Salary

(11 salaries)

₹4.28 L/yr - ₹13 L/yr

Senior Analyst Salary

(5 salaries)

₹11.5 L/yr - ₹17.9 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 19 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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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 Business Analyst Salary FAQs

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

The average salary of a Business Analyst at Kotak Mahindra Bank in Mumbai typically ranges from ₹10.0 Lakhs to ₹18.5 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Business Analyst in Mumbai at Kotak Mahindra Bank earn more than ₹14.5 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Business Analyst 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 100+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Business Analyst at Kotak Mahindra Bank in Mumbai typically ranges from ₹76,983 to ₹78,980 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹18.5 Lakhs per year for employees with experience ranging from 1 year to 10 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 100+ 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 Business Analyst at Kotak Mahindra Bank in Mumbai?

To be a Business Analyst at Kotak Mahindra Bank in Mumbai, the key skills required include:

- Business Analysis
- Requirement Gathering
- Ca
- UAT
- Variance Analysis

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 Business Analyst in India?

Barclays Investment Bank	₹7.5 Lakhs to ₹21.0 Lakhs per year
IDFC FIRST Bank	₹6.0 Lakhs to ₹24.5 Lakhs per year
Bank of Baroda	₹7.0 Lakhs to ₹20.0 Lakhs per year
HSBC Global Banking and Markets	₹8.1 Lakhs to ₹13.4 Lakhs per year
Utkarsh Small Finance Bank	₹5.5 Lakhs to ₹15.0 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.

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

The salary of a Business Analyst at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank	₹4.5 Lakhs to ₹18.5 Lakhs per year
HDFC Bank	₹5.0 Lakhs to ₹17.0 Lakhs per year
IndusInd Bank	₹5.0 Lakhs to ₹16.0 Lakhs per year
ICICI Bank	₹4.0 Lakhs to ₹16.5 Lakhs per year
RBL Bank	₹4.0 Lakhs to ₹16.5 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 Business Analyst at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹4.0 Lakhs to ₹17.0 Lakhs per year
2 years	₹4.1 Lakhs to ₹17.8 Lakhs per year
3 years	₹4.2 Lakhs to ₹15.9 Lakhs per year
4 years	₹4.2 Lakhs to ₹13.6 Lakhs per year

and so on.

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Kotak Mahindra Bank Business Analyst Salaries in Mumbai

Kotak Mahindra Bank Business Analyst salary in Mumbai ranges between ₹10 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 150 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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

Companies similar to Kotak Mahindra Bank for Business Analyst in Mumbai

Latest annual salaries shared by Kotak Mahindra Bank Business Analyst in Mumbai

Experience wise Kotak Mahindra Bank Business Analyst salaries in Mumbai

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.