Kotak Mahindra Bank Cluster Business Manager Salaries by 4 Employees (Updated 2025)

17 - 19 years exp.

₹17.5 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

65% more than the average Cluster Business Manager Salary in Banking Companies for 17 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Business Manager Salary 17 - 19 years exp. (3 salaries)	₹17.5 L/yr - ₹19.5 L/yr
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Finance & Accounting Cluster Business Manager Salary 18 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹22 L/yr

Last Updated: 24 Jan 2025

Companies similar to Kotak Mahindra Bank for Cluster Business Manager

Company name	Avg Annual Salary	Open Jobs
Axis Bank Cluster Business Manager Salary 3 - 12 years exp. (42 salaries)	₹4.4 L/yr - ₹11 L/yr 58% less
IDFC FIRST Bank Cluster Business Manager Salary 8 - 14 years exp. (22 salaries)	₹8 L/yr - ₹18 L/yr 30% less
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Yes Bank Cluster Business Manager Salary 10 - 21 years exp. (18 salaries)	₹9.1 L/yr - ₹33.6 L/yr 8% more
IndusInd Bank Cluster Business Manager Salary 14 - 16 years exp. (3 salaries)	₹12 L/yr - ₹20.5 L/yr 8% less
RBL Bank Cluster Business Manager Salary 7 - 13 years exp. (3 salaries)	₹5.6 L/yr - ₹9.9 L/yr 58% less
The Saraswat Co-operative Bank Cluster Business Manager Salary 11 - 16 years exp. (3 salaries)	₹12.9 L/yr - ₹18 L/yr 15% less

Cluster Business Manager salary at Kotak Mahindra Bank ranges between ₹17.5 Lakhs to ₹20 Lakhs per year for employees with experience between 17 years to 19 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Cluster Business Manager salaries

Last Updated: 24 Jan 2025

Experience	Avg Annual Salary
15+ years (4 salaries)	₹17.5 L/yr - ₹20 L/yr
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Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 1 employees for salary & benefits

Senior Relationship Manager in Ranchi

Full Time

Sales & Business Development Department

1.0

• posted on 02 Mar 2025

2.0

for Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

Salary - Poor

+6 more

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

Corporate Accounts Manager in Pune

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 12 Sep 2023

3.0

for Salary and Benefits

Likes

The likes depends on the manager if the manager is supporting and helpful it is great but if he is not then it is problematic.

Dislikes

...n who takes account is not even satisfied then how it will promote the business.if you want to work in salary business work for HSBC and Standard Chartered.

Skill development - Poor

+4 more

Senior Relationship Manager in Pune

Full Time

Product Management Department

4.0

• posted on 10 Oct 2022

3.0

for Salary and Benefits

Likes

Good Work life Balance Management is humble Good Brand

Job security - Excellent

+3 more

Dislikes

Not paying salary as per the grade Targets are not specified and keeps changing. Critical conditions to earn incentives Poor evaluation system

Skill development - Poor

Sales Officer in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

5.0

• posted on 07 Jan 2022

5.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues.

see more salary related reviews

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Kotak Mahindra Bank Cluster Business Manager Salary FAQs

What is the salary of Cluster Business Manager at Kotak Mahindra Bank ?

The average salary of a Cluster Business Manager at Kotak Mahindra Bank in India typically ranges from ₹17.5 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 17 years to 19 years).

The top 10% of Cluster Business Manager at Kotak Mahindra Bank earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Cluster Business 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 Cluster Business Manager at Kotak Mahindra Bank in India?

The estimated take-home salary of a Cluster Business Manager at Kotak Mahindra Bank in India typically ranges from ₹1,24,422 to ₹1,28,268 per month. This is based on the average salary range of ₹17.5 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 17 years to 19 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 Cluster Business Manager in India?

Yes Bank

₹9.1 Lakhs to ₹33.6 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 Cluster Business Manager in companies similar to Kotak Mahindra Bank in India?

The salary of a Cluster Business 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:

IndusInd Bank	₹12.0 Lakhs to ₹20.5 Lakhs per year
The Saraswat Co-operative Bank	₹12.9 Lakhs to ₹18.0 Lakhs per year
IDFC FIRST Bank	₹8.0 Lakhs to ₹18.0 Lakhs per year
Axis Bank	₹4.4 Lakhs to ₹11.0 Lakhs per year
RBL Bank	₹5.6 Lakhs to ₹9.9 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 Cluster Business Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
15 years	₹17.5 Lakhs to ₹20.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Cluster Business Manager Salaries

Kotak Mahindra Bank Cluster Business Manager salary in India ranges between ₹17.5 Lakhs to ₹20 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.