Kotak Mahindra Bank Cluster Business Head Salaries by 3 Employees

18 - 20 years exp.

₹36.5 Lakhs - ₹42 Lakhs

Low Confidence

Salary of majority employees

Fixed (100%)

₹40.2 Lakhs

Variable (0%)

₹0.0

209% more than the average Cluster Business Head Salary in Banking Companies for 18 - 20 years of experience

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Last Updated: 20 Aug 2024

Companies similar to Kotak Mahindra Bank for Cluster Business Head

Company name	Avg Annual Salary	Open Jobs
Yes Bank Cluster Business Head Salary 12 - 18 years exp. (23 salaries)	₹14.2 L/yr - ₹30 L/yr 37% less
IDFC FIRST Bank Cluster Business Head Salary 8 - 14 years exp. (6 salaries)	₹6.1 L/yr - ₹20.1 L/yr 67% less
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Jana Small Finance Bank Cluster Business Head Salary 9 - 12 years exp. (5 salaries)	₹8.5 L/yr - ₹10 L/yr 78% less
Axis Bank Cluster Business Head Salary 7 - 18 years exp. (3 salaries)	₹9.5 L/yr - ₹13.4 L/yr 71% less
Canara HSBC Life Insurance Cluster Business Head Salary 5 - 15 years exp. (193 salaries)	₹5 L/yr - ₹12 L/yr 79% less

Cluster Business Head salary at Kotak Mahindra Bank ranges between ₹36.5 Lakhs to ₹42 Lakhs per year for employees with experience between 18 years to 20 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Cluster Business Head salaries

Last Updated: 20 Aug 2024

Experience	Avg Annual Salary
15+ years (3 salaries)	₹36.5 L/yr - ₹42 L/yr
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Salary related reviews for Kotak Mahindra Bank

Cluster Head in Shivamogga

Full Time

Other Department

1.0

• posted on 15 Nov 2024

1.0

for Salary and Benefits

Likes

No much applications at branches but very lengthy processes which save the risk on the jobs of employees but the processes take longer time to operate

Dislikes

Salary levels are below par the competition, top management reluctant to retain the performers. Infr & technology are poor which need to be upgraded but reluctant to invest. Looks like more or less an NBFC while driving business

Salary - Bad

+6 more

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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Kotak Mahindra Bank Cluster Business Head Salary FAQs

How the salary growth look like for a Cluster Business Head at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
15 years	₹36.5 Lakhs to ₹42.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Cluster Business Head Salaries

Kotak Mahindra Bank Cluster Business Head salary in India ranges between ₹36.5 Lakhs to ₹42 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.