Kotak Mahindra Bank Indore Cluster Manager Salaries by 3 Employees

9 - 10 years exp.

₹8 Lakhs - ₹9.9 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

20% less than the average Cluster Manager Salary in Banking Companies for 9 - 10 years of experience

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Salaries in different departments

Sales & Business Development Cluster Manager Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹12.6 L/yr
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Finance & Accounting Cluster Manager Salary 9 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹9.9 L/yr

Last Updated: 7 Oct 2024

Companies similar to Kotak Mahindra Bank for Cluster Manager in Indore

Kotak Mahindra Bank Cluster Manager Salary

9 - 10 years exp. (3 salaries)

₹8 L/yr - ₹9.9 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Cluster Manager Salary 8 - 14 years exp. (11 salaries)	₹9.5 L/yr - ₹19.2 L/yr 64% more
Ujjivan Small Finance Bank Cluster Manager Salary 5 - 15 years exp. (11 salaries)	₹6.4 L/yr - ₹10 L/yr 5% less	1 job opening
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IndusInd Bank Cluster Manager Salary 12 - 15 years exp. (5 salaries)	₹6.4 L/yr - ₹8.5 L/yr 11% less
HDFC Bank Cluster Manager Salary 11 - 16 years exp. (3 salaries)	₹9 L/yr - ₹13.9 L/yr 37% more
Stanza Living Cluster Manager Salary 6 - 12 years exp. (14 salaries)	₹5.8 L/yr - ₹15 L/yr 21% more	4 job openings

Cluster Manager salary at Kotak Mahindra Bank ranges between ₹8 Lakhs to ₹9.9 Lakhs per year for employees with experience between 9 years to 10 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Cluster Manager salaries in Indore

Last Updated: 7 Oct 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr
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10 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr

Similar Designation salaries in Kotak Mahindra Bank

Branch Manager Salary

(32 salaries)

₹8.75 L/yr - ₹20 L/yr

Sales Manager Salary

(29 salaries)

₹1.8 L/yr - ₹9.5 L/yr

Area Sales Manager Salary

(9 salaries)

₹12.6 L/yr - ₹17 L/yr

Cluster Head Salary

(3 salaries)

₹6.05 L/yr - ₹12.2 L/yr

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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What people are saying about Kotak Mahindra Bank

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a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Cluster Manager Salary FAQs

How the salary growth look like for a Cluster Manager at Kotak Mahindra Bank in Indore?

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

Experience	Average Salary Range
9 years	₹7.0 Lakhs to ₹9.0 Lakhs per year
10 years	₹7.7 Lakhs to ₹9.8 Lakhs per year

and so on.

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Kotak Mahindra Bank Cluster Manager Salaries in Indore

Kotak Mahindra Bank Cluster Manager salary in Indore ranges between ₹8 Lakhs to ₹9.9 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.