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Kotak Mahindra Bank Business Manager salaries in India

Annual salary range
3 - 14 years exp.
₹6.8 Lakhs - ₹15.4 Lakhs
Salary of majority employees
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7% less than the average Business Manager Salary in Banking Companies for 3 - 14 years of experience

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Salaries in different departments

Sales & Business Development
Business Manager Salary
3 - 13 years exp. (15 salaries)
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₹6.8 L/yr - ₹15.4 L/yr

BFSI, Investments & Trading
Business Manager Salary
7 - 14 years exp. (9 salaries)
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₹7.3 L/yr - ₹14 L/yr

Finance & Accounting
Business Manager Salary
8 - 13 years exp. (4 salaries)
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₹8.3 L/yr - ₹13.3 L/yr

Last Updated: 11 Dec 2024

Companies similar to Kotak Mahindra Bank for Business Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Business Manager Salary

2 - 9 years exp. (3 salaries)

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₹5.5 L/yr - ₹9 L/yr

arrow icon 15% less
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ICICI Bank Business Manager Salary

0 - 12 years exp. (20 salaries)

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₹3.5 L/yr - ₹10 L/yr

arrow icon 43% less
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Axis Bank Business Manager Salary

5 - 14 years exp. (78 salaries)

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₹4 L/yr - ₹13.5 L/yr

arrow icon 15% less
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IndusInd Bank Business Manager Salary

0 - 12 years exp. (27 salaries)

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₹2.5 L/yr - ₹10.7 L/yr

arrow icon 34% less
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Yes Bank Business Manager Salary

5 - 6 years exp. (6 salaries)

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₹6.3 L/yr - ₹17 L/yr

arrow icon 2% more
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IDFC FIRST Bank Business Manager Salary

5 - 13 years exp. (4 salaries)

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₹5 L/yr - ₹14.7 L/yr

arrow icon 7% less
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RBL Bank Business Manager Salary

0 - 6 years exp. (4 salaries)

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₹11 L/yr - ₹12.6 L/yr

arrow icon 13% more
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Bandhan Bank Business Manager Salary

3 - 9 years exp. (6 salaries)

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₹2.4 L/yr - ₹5 L/yr

arrow icon 64% less
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₹11 L/yr - ₹23 L/yr

arrow icon 75% more
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₹4.8 L/yr - ₹9 L/yr

arrow icon 31% less
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₹4.5 L/yr - ₹19.9 L/yr

arrow icon 13% more

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Business Manager salary at Kotak Mahindra Bank ranges between ₹6.8 Lakhs to ₹15.4 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 31 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Business Manager

2mo ago
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12 years exp.
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11 years exp.
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10 years exp.
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Experience wise Kotak Mahindra Bank Business Manager salaries

Last Updated: 11 Dec 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹14.9 L/yr
4 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹10 L/yr
5 years (AmbitionBox Estimate)

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₹8.2 L/yr - ₹10.5 L/yr
6 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹9.7 L/yr
7 years  (3 salaries)

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₹7.3 L/yr - ₹11.5 L/yr
View all
Kotak Mahindra Bank Business Manager Salary and Career Growth

From

To

Business Manager

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3 - 14 years exp.

Regional Sales Manager

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12 - 21 years exp.

Business Manager 3 - 14 years exp.
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Area Business Manager 8 - 19 years exp.
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arrow icon 66% hike
    Regional Sales Manager 12 - 21 years exp.
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    arrow icon 35% hike

    From

    2 more levels

    To

    Business Manager

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    3 - 14 years exp.

    Senior Regional Business Manager

    Salary unavailable

    View 1 more career path

    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.

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    ₹5.75 L/yr - ₹23 L/yr
    unlock blur Lock Unlock
    ₹4.2 L/yr - ₹15 L/yr
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    Salary related reviews for Kotak Mahindra Bank

    3.8

    Rated by 7 employees for salary & benefits

    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.

    read more
    • Job security - Good
    • +2 more

    Dislikes

    Salary, promortion - these are the worst over here.

    • Salary - Poor
    • +1 more

    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.

    read more
    • 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.

    read more
    • Work satisfaction - Bad
    • +2 more

    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.

    read more
    • Salary - Poor
    • +4 more

    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.

    read more
    • Skill development - Poor
    • +1 more

    Full Time

     · 

    Customer Success, Service & Operations Department

    3.0
      •  posted on 18 Nov 2023

    2.0
     for  Salary and Benefits

    Likes

    Work profile and process is good.

    Dislikes

    Bad management they hire TL who ask money from their employees and do not return. no work-life balance less salary package only fancy designations are given which does not have a value in the market if u go out.No job security HR listens more to management then employees do not support after you leave the job or be on the job.They do not invest in their system updates but only on themselves.

    read more
    • Salary - Poor
    • +4 more
    see more salary related reviews

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    Kotak Mahindra Bank Business Manager Salary FAQs

    What is the salary of Business Manager at Kotak Mahindra Bank?
    Business Manager salary at Kotak Mahindra Bank in India ranges between ₹6.8 Lakhs to ₹15.4 Lakhs for experience between 3 years to 14 years. According to our estimates it is 7% less than the average Business Manager Salary in India. Salary estimates are based on 31 latest salaries received from various employees of Kotak Mahindra Bank India.
    How does the salary of a Business Manager at Kotak Mahindra Bank India compare with the average salary range for this job?
    The average salary of a Business Manager at Kotak Mahindra Bank is 7% less than the average salary of a Business Manager in India. To know exact salary insights, login to view.
    Which similar companies are paying more than Kotak Mahindra Bank to a Business Manager in India?
    • HSBC Global Banking and Markets Business Manager Salary - ₹11.0 Lakhs to ₹23.0 Lakhs per year
    • RBL Bank Business Manager Salary - ₹11.0 Lakhs to ₹12.6 Lakhs per year
    • Ujjivan Small Finance Bank Business Manager Salary - ₹4.5 Lakhs to ₹19.9 Lakhs per year
    • Yes Bank Business Manager Salary - ₹6.3 Lakhs to ₹17.0 Lakhs per year
    What is the salary of a Business Manager in companies similar to Kotak Mahindra Bank in India?
    • IDFC FIRST Bank Business Manager Salary - ₹5.0 Lakhs to ₹14.7 Lakhs per year
    • Axis Bank Business Manager Salary - ₹4.0 Lakhs to ₹13.5 Lakhs per year
    • HDFC Bank Business Manager Salary - ₹5.5 Lakhs to ₹9.0 Lakhs per year
    • Jana Small Finance Bank Business Manager Salary - ₹4.8 Lakhs to ₹9.0 Lakhs per year
    • IndusInd Bank Business Manager Salary - ₹2.5 Lakhs to ₹10.7 Lakhs per year
    What is the estimated take home salary of a Business Manager at Kotak Mahindra Bank in India?
    The estimated take-home salary of a Business Manager at Kotak Mahindra Bank ranges between ₹75,261 per month to ₹77,209 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Business Manager salary in India which ranges between ₹6.8 Lakhs to ₹15.4 Lakhs per year for employees with experience between 3 years to 14 years. Check how did we calculate take home salary?
    What is the notice period for Business Manager at Kotak Mahindra Bank?
    According to AmbitionBox, 79% of the Kotak Mahindra Bank Business Managers reported a notice period of 3 Months, 16% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 19 responses on AmbitionBox in last 2 years.

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    Kotak Mahindra Bank Business Manager salary in India ranges between ₹6.8 Lakhs to ₹15.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 31 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

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