Kotak Mahindra Bank Business Associate Salaries by 6 Employees (Updated 2025)

2 - 5 years exp.

₹2.8 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

43% less than the average Business Associate Salary in Banking Companies for 2 - 5 years of experience

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Salaries in different departments

Sales & Business Development Business Associate Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3 L/yr
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Teaching & Training Business Associate Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3 L/yr

Last Updated: 21 Aug 2024

Companies similar to Kotak Mahindra Bank for Business Associate

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Business Associate Salary 1 - 4 years exp. (5 salaries)	₹1.6 L/yr - ₹9.2 L/yr 85% more
ICICI Bank Business Associate Salary 0 - 4 years exp. (48 salaries)	₹1.7 L/yr - ₹3.5 L/yr 18% less
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State Bank of India Business Associate Salary 0 - 4 years exp. (4 salaries)	₹2.4 L/yr - ₹6 L/yr 49% more
Yes Bank Business Associate Salary 0 - 5 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr 36% more
IDFC FIRST Bank Business Associate Salary 1 - 3 years exp. (5 salaries)	₹1.3 L/yr - ₹3.5 L/yr 11% less
RBL Bank Business Associate Salary 1 - 4 years exp. (5 salaries)	₹2.1 L/yr - ₹4 L/yr 10% more
Bandhan Bank Business Associate Salary 3 - 7 years exp. (3 salaries)	₹1.5 L/yr - ₹3.8 L/yr 21% less
Bank of Baroda Business Associate Salary 1 - 10 years exp. (65 salaries)	₹4 L/yr - ₹10 L/yr 147% more
Paytm Payments Bank Business Associate Salary 1 - 8 years exp. (4 salaries)	₹2.9 L/yr - ₹3.8 L/yr 21% more
Central Bank of India Business Associate Salary 1 - 2 years exp. (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr 29% less
Union Bank of India Business Associate Salary 0 - 2 years exp. (3 salaries)	₹2 L/yr - ₹4.7 L/yr 19% more
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Karur Vysya Bank Business Associate Salary 1 - 8 years exp. (3 salaries)	₹2.3 L/yr - ₹3.2 L/yr 5% less

Business Associate salary at Kotak Mahindra Bank ranges between ₹2.8 Lakhs to ₹3 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Business Associate salaries

Last Updated: 21 Aug 2024

Experience	Avg Annual Salary
2 years (3 salaries)	₹1.1 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr
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4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
5 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr

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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.

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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fathersahaab

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Business Associate Salary FAQs

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

Business Associate salary at Kotak Mahindra Bank in India ranges between ₹2.8 Lakhs to ₹3.0 Lakhs for experience between 2 years to 5 years. According to our estimates it is 43% less than the average Business Associate Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Business Associate at Kotak Mahindra Bank is 43% less than the average salary of a Business Associate in India. To know exact salary insights, login to view.

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

Bank of Baroda Business Associate Salary - ₹4.0 Lakhs to ₹10.0 Lakhs per year
HDFC Bank Business Associate Salary - ₹1.6 Lakhs to ₹9.2 Lakhs per year
State Bank of India Business Associate Salary - ₹2.4 Lakhs to ₹6.0 Lakhs per year
Yes Bank Business Associate Salary - ₹3.4 Lakhs to ₹4.3 Lakhs per year
Paytm Payments Bank Business Associate Salary - ₹2.9 Lakhs to ₹3.8 Lakhs per year

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

Union Bank of India Business Associate Salary - ₹2.0 Lakhs to ₹4.7 Lakhs per year
RBL Bank Business Associate Salary - ₹2.1 Lakhs to ₹4.0 Lakhs per year
Karur Vysya Bank Business Associate Salary - ₹2.3 Lakhs to ₹3.2 Lakhs per year
IDFC FIRST Bank Business Associate Salary - ₹1.3 Lakhs to ₹3.5 Lakhs per year
ICICI Bank Business Associate Salary - ₹1.7 Lakhs to ₹3.5 Lakhs per year

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

The estimated take-home salary of a Business Associate at Kotak Mahindra Bank ranges between ₹20,198 per month to ₹21,859 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Business Associate salary in India which ranges between ₹2.8 Lakhs to ₹3.0 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the Kotak Mahindra Bank Business Associates reported a notice period of 1 Month, 33% reported a notice period of 15 days or less.This is based on 6 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Business Associate Salaries

Kotak Mahindra Bank Business Associate salary in India ranges between ₹2.8 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.