Kotak Mahindra Bank Chief IT Manager Salaries by 5 Employees

11 - 14 years exp.

₹16 Lakhs - ₹30 Lakhs

Low Confidence

Salary of majority employees

At par with the average Chief IT Manager Salary in Banking Companies for 11 - 14 years of experience

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Salaries in different departments

Project & Program Management Chief IT Manager Salary 11 - 14 years exp. (3 salaries)	₹16 L/yr - ₹30 L/yr
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IT & Information Security Chief IT Manager Salary 11 - 12 years exp. (AmbitionBox Estimate)	₹19.4 L/yr - ₹23.8 L/yr

Last Updated: 17 Mar 2023

Companies similar to Kotak Mahindra Bank for Chief IT Manager

Company name	Avg Annual Salary	Open Jobs
Utkarsh Small Finance Bank Chief IT Manager Salary 14 - 16 years exp. (5 salaries)	₹11.5 L/yr - ₹20 L/yr 37% less
Central Bank of India Chief IT Manager Salary 18 - 23 years exp. (4 salaries)	₹31.8 L/yr - ₹45 L/yr 39% more
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ICICI Bank Chief IT Manager Salary 9 - 12 years exp. (4 salaries)	₹22.5 L/yr - ₹40 L/yr 19% more
Bank of Baroda Chief IT Manager Salary 13 - 33 years exp. (4 salaries)	₹19 L/yr - ₹29.3 L/yr 1% less
Union Bank of India Chief IT Manager Salary 12 - 16 years exp. (4 salaries)	₹24 L/yr - ₹30 L/yr 8% more
UCO Bank Chief IT Manager Salary 15 - 18 years exp. (4 salaries)	₹24 L/yr - ₹35 L/yr 23% more
IDFC FIRST Bank Chief IT Manager Salary 10 - 14 years exp. (3 salaries)	₹13 L/yr - ₹23 L/yr 27% less

Chief IT Manager salary at Kotak Mahindra Bank ranges between ₹16 Lakhs to ₹30 Lakhs per year for employees with experience between 11 years to 14 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Chief IT Manager salaries

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹16 L/yr - ₹21.6 L/yr
12 years (AmbitionBox Estimate)	₹21.6 L/yr - ₹40.3 L/yr
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13 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹26.5 L/yr
14 years (AmbitionBox Estimate)	₹12 L/yr - ₹30 L/yr

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Salary related reviews for Kotak Mahindra Bank

4.0

Rated by 1 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 Chief IT Manager Salary FAQs

What is the salary of Chief IT Manager at Kotak Mahindra Bank ?

The average salary of a Chief IT Manager at Kotak Mahindra Bank in India typically ranges from ₹16.0 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 11 years to 14 years).

The top 10% of Chief IT Manager at Kotak Mahindra Bank earn more than ₹30.0 Lakhs per year, and the top 1% earn over ₹30.0 Lakhs per year. Chief IT Manager 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 5 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Chief IT Manager at Kotak Mahindra Bank in India?

The estimated take-home salary of a Chief IT Manager at Kotak Mahindra Bank in India typically ranges from ₹1,54,553 to ₹1,60,405 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹30.0 Lakhs per year for employees with experience ranging from 11 years to 14 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 5 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Bank for Chief IT Manager in India?

Central Bank of India	₹31.8 Lakhs to ₹45.0 Lakhs per year
UCO Bank	₹24.0 Lakhs to ₹35.0 Lakhs per year
ICICI Bank	₹22.5 Lakhs to ₹40.0 Lakhs per year
Union Bank of India	₹24.0 Lakhs to ₹30.0 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 Chief IT Manager in companies similar to Kotak Mahindra Bank in India?

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

Bank of Baroda	₹19.0 Lakhs to ₹29.3 Lakhs per year
IDFC FIRST Bank	₹13.0 Lakhs to ₹23.0 Lakhs per year
Utkarsh Small Finance Bank	₹11.5 Lakhs to ₹20.0 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 Chief IT Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
11 years	₹16.0 Lakhs to ₹21.6 Lakhs per year
12 years	₹21.6 Lakhs to ₹40.3 Lakhs per year
13 years	₹10.5 Lakhs to ₹26.5 Lakhs per year
14 years	₹12.0 Lakhs to ₹30.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Chief IT Manager Salaries

Kotak Mahindra Bank Chief IT Manager salary in India ranges between ₹16 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Chief IT Manager salaries in India

Companies similar to Kotak Mahindra Bank for Chief IT Manager

Latest annual salaries shared by Kotak Mahindra Bank Chief IT Manager

Experience wise Kotak Mahindra Bank Chief IT Manager salaries

Similar Designation salaries in Kotak Mahindra Bank

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 Chief IT Manager Salary FAQs

Tell us how to improve this page.