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Kotak Mahindra Bank

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3.7

based on 17.4k Reviews

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Kotak Mahindra Bank Cluster Manager salaries in Hyderabad / Secunderabad

Annual salary range
4 - 14 years exp.
₹4.6 Lakhs - ₹14 Lakhs
Salary of majority employees
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7% less than the average Cluster Manager Salary in Banking Companies for 4 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Cluster Manager Salary
4 - 14 years exp. (4 salaries)
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₹6.4 L/yr - ₹14 L/yr

Sales & Business Development
Cluster Manager Salary
9 - 10 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹11.5 L/yr

Last Updated: 21 Sep 2023

Companies similar to Kotak Mahindra Bank for Cluster Manager in Hyderabad / Secunderabad

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Kotak Mahindra Bank Cluster Manager Salary

4 - 14 years exp. (6 salaries)
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₹4.6 L/yr - ₹14 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Bank Cluster Manager Salary

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₹11 L/yr - ₹25 L/yr

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IDFC FIRST Bank Cluster Manager Salary

8 - 17 years exp. (9 salaries)
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₹8 L/yr - ₹15 L/yr

arrow icon 27% more
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Yes Bank Cluster Manager Salary

5 - 18 years exp. (3 salaries)
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₹4.8 L/yr - ₹13 L/yr

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Axis Bank Cluster Manager Salary

6 - 12 years exp. (3 salaries)
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₹8.7 L/yr - ₹12.4 L/yr

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Stanza Living Cluster Manager Salary

6 - 16 years exp. (25 salaries)
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₹6 L/yr - ₹15 L/yr

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 3 job openings
Cluster Manager salary at Kotak Mahindra Bank ranges between ₹4.6 Lakhs to ₹14 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Cluster Manager in Hyderabad / Secunderabad

1y ago
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9 years exp.
1y ago
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14 years exp.

Experience wise Kotak Mahindra Bank Cluster Manager salaries in Hyderabad / Secunderabad

Last Updated: 21 Sep 2023

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹4.8 L/yr - ₹6.2 L/yr
5 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr
6 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.7 L/yr
7 years (AmbitionBox Estimate)

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₹6.6 L/yr - ₹8.4 L/yr
8 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr
View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary
(781 salaries)
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₹2.1 L/yr - ₹7.8 L/yr
Relationship Manager Salary
(188 salaries)
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₹2 L/yr - ₹9.92 L/yr
Sales Manager Salary
(84 salaries)
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₹2.5 L/yr - ₹10.3 L/yr
Branch Manager Salary
(81 salaries)
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₹9 L/yr - ₹25 L/yr
Area Sales Manager Salary
(17 salaries)
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₹7.15 L/yr - ₹18 L/yr
Area Manager Salary
(4 salaries)
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₹12 L/yr - ₹27 L/yr

Salary related reviews for Kotak Mahindra Bank

3.7

Rated by 2 employees for salary & benefits

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

read more

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

read more
  • 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.

read more
  • 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.

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

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.

read more
  • 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.

read more
  • Skill development - Poor
    • +1 more
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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Kotak Mahindra Bank in Hyderabad / Secunderabad?
The average salary of a Cluster Manager at Kotak Mahindra Bank in Hyderabad / Secunderabad typically ranges from ₹4.6 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 4 years to 14 years).

The top 10% of Cluster Manager in Hyderabad / Secunderabad at Kotak Mahindra Bank earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Cluster 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 6 Kotak Mahindra Bank employees in India.
What is the estimated take home salary of a Cluster Manager at Kotak Mahindra Bank in Hyderabad / Secunderabad?
The estimated take-home salary of a Cluster Manager at Kotak Mahindra Bank in Hyderabad / Secunderabad typically ranges from ₹67,259 to ₹68,981 per month. This is based on the average salary range of ₹4.6 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 4 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 6 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 Manager in India?
ICICI Bank ₹11.0 Lakhs to ₹25.0 Lakhs per year
IDFC FIRST Bank ₹8.0 Lakhs to ₹15.0 Lakhs per year
Axis Bank ₹8.7 Lakhs to ₹12.4 Lakhs per year
Stanza Living ₹6.0 Lakhs to ₹15.0 Lakhs per year
Yes Bank ₹4.8 Lakhs to ₹13.0 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 Cluster Manager at Kotak Mahindra Bank in Hyderabad / Secunderabad?
The salary growth for a Cluster Manager at Kotak Mahindra Bank in Hyderabad / Secunderabad depends on factors such as experience, performance, and promotions. On average, a Cluster Manager in Hyderabad / Secunderabad can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
4 years ₹4.8 Lakhs to ₹6.2 Lakhs per year
5 years ₹5.4 Lakhs to ₹6.9 Lakhs per year
6 years ₹6.0 Lakhs to ₹7.7 Lakhs per year
7 years ₹6.6 Lakhs to ₹8.4 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Cluster Manager salary in Hyderabad / Secunderabad ranges between ₹4.6 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.