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Kotak Mahindra Bank Credit Associate salaries in Mumbai

Annual salary range
3 - 4 years exp.
₹2 Lakhs - ₹3 Lakhs
Salary of majority employees
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59% less than the average Credit Associate Salary in Banking Companies for 3 - 4 years of experience

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Last Updated: 4 Jul 2023

Companies similar to Kotak Mahindra Bank for Credit Associate in Mumbai

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Kotak Mahindra Bank Credit Associate Salary

3 - 4 years exp. (6 salaries)

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₹2 L/yr - ₹3 L/yr

vs
Company name Avg Annual Salary Open Jobs
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JPMorgan Chase & Co. Credit Associate Salary

2 - 6 years exp. (11 salaries)

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₹24 L/yr - ₹36 L/yr

arrow icon 1204% more
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GrayQuest Credit Associate Salary

0 - 4 years exp. (7 salaries)

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₹3 L/yr - ₹4.2 L/yr

arrow icon 51% more
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₹2 L/yr - ₹2.5 L/yr

arrow icon 9% less
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Upwards Fintech Credit Associate Salary

2 - 6 years exp. (5 salaries)

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₹4 L/yr - ₹11.5 L/yr

arrow icon 181% more
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InCred Finance Credit Associate Salary

0 - 5 years exp. (4 salaries)

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₹2.3 L/yr - ₹2.5 L/yr

At par
Credit Associate salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹3 Lakhs per year for employees with experience between 3 years to 4 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 Credit Associate in Mumbai

1y ago
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3 years exp.

Experience wise Kotak Mahindra Bank Credit Associate salaries in Mumbai

Last Updated: 4 Jul 2023

Experience Avg Annual Salary
3 years  (4 salaries)

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₹2 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr

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₹2 L/yr - ₹3.5 L/yr
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₹1.75 L/yr - ₹3.5 L/yr
Senior Analyst Salary
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₹11.5 L/yr - ₹17.9 L/yr

Salary related reviews for Kotak Mahindra Bank

Full Time

 · 

Other Department

2.0
  •  posted on 14 Feb 2023

1.0
 for  Salary and Benefits

Likes

Overall good mentor is good... Work is also ok... Bosses are good in nature

  • Company culture - Good

Dislikes

There is no salary hike in last 4 year... No growth in position.... Working in same salary & in same position from last 4 year

read more
  • Salary - Bad
  • +2 more

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

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

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

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
see more salary related reviews

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Kotak Mahindra Bank Credit Associate Salary FAQs

What is the salary of Credit Associate at Kotak Mahindra Bank in Mumbai?
The average salary of a Credit Associate at Kotak Mahindra Bank in Mumbai typically ranges from ₹2.0 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 3 years to 4 years).

The top 10% of Credit Associate in Mumbai at Kotak Mahindra Bank earn more than ₹2.9 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Credit Associate 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 Credit Associate at Kotak Mahindra Bank in Mumbai?
The estimated take-home salary of a Credit Associate at Kotak Mahindra Bank in Mumbai typically ranges from ₹17,089 to ₹18,796 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 3 years to 4 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 Credit Associate in India?
JPMorgan Chase & Co. ₹24.0 Lakhs to ₹36.0 Lakhs per year
Upwards Fintech ₹4.0 Lakhs to ₹11.5 Lakhs per year
GrayQuest ₹3.0 Lakhs to ₹4.2 Lakhs per year
InCred Finance ₹2.3 Lakhs to ₹2.5 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 Credit Associate in companies similar to Kotak Mahindra Bank in Mumbai?
The salary of a Credit Associate at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Muthoot Homefin India ₹2.0 Lakhs to ₹2.5 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 Credit Associate at Kotak Mahindra Bank in Mumbai?
The salary growth for a Credit Associate at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Credit Associate in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
3 years ₹2.0 Lakhs to ₹3.0 Lakhs per year
4 years ₹2.2 Lakhs to ₹2.8 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Credit Associate salary in Mumbai ranges between ₹2 Lakhs to ₹3 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.