Kotak Mahindra Bank Chief Procurement Manager Salaries by 4 Employees

11 - 17 years exp.

₹11 Lakhs - ₹18 Lakhs

Low Confidence

Salary of majority employees

40% less than the average Chief Procurement Manager Salary in Banking Companies for 11 - 17 years of experience

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Last Updated: 14 Mar 2023

Companies similar to Kotak Mahindra Bank for Chief Procurement Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Chief Procurement Manager Salary 13 - 17 years exp. (5 salaries)	₹15.5 L/yr - ₹24.1 L/yr 58% more
Reliance Industries Chief Procurement Manager Salary 12 - 18 years exp. (4 salaries)	₹18 L/yr - ₹42 L/yr 88% more
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Deepak Nitrite Chief Procurement Manager Salary 15 - 19 years exp. (4 salaries)	₹15.3 L/yr - ₹23 L/yr 38% more
Star Health & Allied Insurance Chief Procurement Manager Salary 10 - 13 years exp. (4 salaries)	₹21.8 L/yr - ₹24.1 L/yr 76% more
Reliance Retail Chief Procurement Manager Salary 10 - 19 years exp. (4 salaries)	₹19 L/yr - ₹20.5 L/yr 52% more

Chief Procurement Manager salary at Kotak Mahindra Bank ranges between ₹11 Lakhs to ₹18 Lakhs per year for employees with experience between 11 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Chief Procurement Manager salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
13 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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15+ years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.7 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Purchase Manager Salary

(3 salaries)

₹5.4 L/yr - ₹7 L/yr

Procurement Specialist Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Procurement Executive Salary

(5 salaries)

₹3.6 L/yr - ₹4 L/yr

Deputy Manager Salary

(11.4k salaries)

₹1.65 L/yr - ₹8.5 L/yr

Senior Engineer Salary

(7 salaries)

₹6 L/yr - ₹16 L/yr

Store Incharge Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Purchase Officer Salary

(AmbitionBox Estimate)

₹4.8 L/yr - ₹6.1 L/yr

Store Executive Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Associate Salary

(119 salaries)

₹1.4 L/yr - ₹4 L/yr

Senior Analyst Salary

(10 salaries)

₹5.65 L/yr - ₹17.9 L/yr

Salary related reviews for Kotak Mahindra Bank

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

Deputy Manager in Thane

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.

Salary - Poor

+4 more

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Kotak Mahindra Bank Chief Procurement Manager Salary FAQs

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

The average salary of a Chief Procurement Manager at Kotak Mahindra Bank in India typically ranges from ₹11.0 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 11 years to 17 years).

The top 10% of Chief Procurement Manager at Kotak Mahindra Bank earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Chief Procurement 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 4 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Chief Procurement Manager at Kotak Mahindra Bank in India typically ranges from ₹91,831 to ₹94,289 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 11 years to 17 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 4 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 Procurement Manager in India?

Reliance Industries	₹18.0 Lakhs to ₹42.0 Lakhs per year
Star Health & Allied Insurance	₹21.8 Lakhs to ₹24.1 Lakhs per year
PNB MetLife	₹15.5 Lakhs to ₹24.1 Lakhs per year
Reliance Retail	₹19.0 Lakhs to ₹20.5 Lakhs per year
Deepak Nitrite	₹15.3 Lakhs to ₹23.0 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.

How the salary growth look like for a Chief Procurement Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
11 years	₹9.9 Lakhs to ₹12.7 Lakhs per year
13 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
15 years	₹13.1 Lakhs to ₹16.7 Lakhs per year

and so on.

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Kotak Mahindra Bank Chief Procurement Manager Salaries

Kotak Mahindra Bank Chief Procurement Manager salary in India ranges between ₹11 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.

Kotak Mahindra Bank Chief Procurement Manager salaries in India

Companies similar to Kotak Mahindra Bank for Chief Procurement Manager

Latest annual salaries shared by Kotak Mahindra Bank Chief Procurement Manager

Experience wise Kotak Mahindra Bank Chief Procurement Manager salaries

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Deputy Manager in Thane

Kotak Mahindra Bank Chief Procurement Manager Salary FAQs

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