Kotak Mahindra Bank Mumbai Credit Associate Salaries by 6 Employees

3 - 4 years exp.

₹2 Lakhs - ₹3 Lakhs

Salary of majority employees

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

Kotak Mahindra Bank Credit Associate Salary

3 - 4 years exp. (6 salaries)

₹2 L/yr - ₹3 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Credit Associate Salary 2 - 6 years exp. (11 salaries)	₹24 L/yr - ₹36 L/yr 1204% more
GrayQuest Credit Associate Salary 0 - 4 years exp. (7 salaries)	₹3 L/yr - ₹4.2 L/yr 51% more
Login to view exact salary
Muthoot Homefin India Credit Associate Salary 2 - 4 years exp. (5 salaries)	₹2 L/yr - ₹2.5 L/yr 9% less
Upwards Fintech Credit Associate Salary 2 - 6 years exp. (5 salaries)	₹4 L/yr - ₹11.5 L/yr 181% more
InCred Finance Credit Associate Salary 0 - 5 years exp. (4 salaries)	₹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.

Experience wise Kotak Mahindra Bank Credit Associate salaries in Mumbai

Last Updated: 4 Jul 2023

Experience	Avg Annual Salary
3 years (4 salaries)	₹2 L/yr - ₹3 L/yr
Login to view exact salary
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr

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Salary related reviews for Kotak Mahindra Bank

Credit Associate in Nagpur

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

Salary - Bad

+2 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

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank

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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.

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Kotak Mahindra Bank Credit Associate Salaries in Mumbai

Kotak Mahindra Bank Credit Associate salary in Mumbai ranges between ₹2 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.