Kotak Mahindra Bank Financial Advisor Salaries by 10+ Employees

0 - 4 years exp.

₹1.2 Lakh - ₹4.2 Lakhs

Salary of majority employees

57% less than the average Financial Advisor Salary in Banking Companies for 0 - 4 years of experience

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Salaries in different departments

Finance & Accounting Financial Advisor Salary 1 - 2 years exp. (3 salaries)	₹2.6 L/yr - ₹4.2 L/yr
BFSI, Investments & Trading Financial Advisor Salary 0 - 4 years exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr
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Marketing & Communication Financial Advisor Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.6 L/yr
Sales & Business Development Financial Advisor Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.9 L/yr

Last Updated: 14 Nov 2024

Companies similar to Kotak Mahindra Bank for Financial Advisor

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Financial Advisor Salary 0 - 4 years exp. (14 salaries)	₹1.8 L/yr - ₹5 L/yr 48% more
HDFC Bank Financial Advisor Salary 1 - 3 years exp. (14 salaries)	₹1 L/yr - ₹4 L/yr 26% more
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Yes Bank Financial Advisor Salary 3 - 12 years exp. (13 salaries)	₹6.5 L/yr - ₹12 L/yr 299% more
IDFC FIRST Bank Financial Advisor Salary 0 - 4 years exp. (7 salaries)	₹1.5 L/yr - ₹3.5 L/yr 14% more
Axis Bank Financial Advisor Salary 0 - 5 years exp. (5 salaries)	₹1.5 L/yr - ₹4 L/yr 40% more
HSBC Global Banking and Markets Financial Advisor Salary 4 - 8 years exp. (4 salaries)	₹4.8 L/yr - ₹6.7 L/yr 178% more
IndusInd Bank Financial Advisor Salary 1 - 4 years exp. (3 salaries)	₹1.8 L/yr - ₹4.8 L/yr 46% more
Bank of Baroda Financial Advisor Salary 5 - 8 years exp. (3 salaries)	₹2.9 L/yr - ₹10.8 L/yr 168% more
Jana Small Finance Bank Financial Advisor Salary 0 - 7 years exp. (3 salaries)	₹1.4 L/yr - ₹5 L/yr 28% more

Financial Advisor salary at Kotak Mahindra Bank ranges between ₹1.2 Lakh to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 12 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Financial Advisor salaries

Last Updated: 14 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr
1 year (3 salaries)	₹1.6 L/yr - ₹4.2 L/yr
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2 years (3 salaries)	₹1.5 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.9 L/yr
4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹2.9 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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Finance Executive Salary

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Analyst Salary

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₹2.41 L/yr - ₹12 L/yr

Senior Financial Analyst Salary

(4 salaries)

₹6 L/yr - ₹13 L/yr

Associate Analyst Salary

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₹2.5 L/yr - ₹8 L/yr

Senior Analyst Salary

(10 salaries)

₹5.65 L/yr - ₹17.9 L/yr

Business Analyst Salary

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₹4.52 L/yr - ₹19 L/yr

Credit Analyst Salary

(243 salaries)

₹7.14 L/yr - ₹16.17 L/yr

Senior Associate Salary

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₹1.4 L/yr - ₹4 L/yr

Credit Manager Salary

(1k salaries)

₹3.77 L/yr - ₹15 L/yr

Top skills at Kotak Mahindra Bank for Financial Advisor

Aircraft Handling Advisory Operations Research System Integration Testing Case ArcIMS

Salary related reviews for Kotak Mahindra Bank

4.8

Rated by 3 employees for salary & benefits

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

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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Kotak Mahindra Bank Financial Advisor Salary FAQs

What is the salary of Financial Advisor at Kotak Mahindra Bank ?

The average salary of a Financial Advisor at Kotak Mahindra Bank in India typically ranges from ₹1.2 Lakhs to ₹4.2 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Financial Advisor at Kotak Mahindra Bank earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. Financial Advisor 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 10+ Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Financial Advisor at Kotak Mahindra Bank in India?

The estimated take-home salary of a Financial Advisor at Kotak Mahindra Bank in India typically ranges from ₹14,340 to ₹15,851 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from Fresher 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 10+ salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Financial Advisor at Kotak Mahindra Bank ?

To be a Financial Advisor at Kotak Mahindra Bank in india, the key skills required include:

- Aircraft Handling
- Advisory
- Operations Research
- System Integration Testing
- Case

These skills are highly valued at Kotak Mahindra Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindra Bank for Financial Advisor in India?

Yes Bank	₹6.5 Lakhs to ₹12.0 Lakhs per year
HSBC Global Banking and Markets	₹4.8 Lakhs to ₹6.7 Lakhs per year
Bank of Baroda	₹2.9 Lakhs to ₹10.8 Lakhs per year
ICICI Bank	₹1.8 Lakhs to ₹5.0 Lakhs per year
IndusInd Bank	₹1.8 Lakhs to ₹4.8 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 Financial Advisor in companies similar to Kotak Mahindra Bank in India?

The salary of a Financial Advisor at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Bank	₹1.5 Lakhs to ₹4.0 Lakhs per year
Jana Small Finance Bank	₹1.4 Lakhs to ₹5.0 Lakhs per year
HDFC Bank	₹1.0 Lakhs to ₹4.0 Lakhs per year
IDFC FIRST Bank	₹1.5 Lakhs to ₹3.5 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 Financial Advisor at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
Fresher	₹1.0 Lakhs to ₹3.0 Lakhs per year
1 year	₹1.6 Lakhs to ₹4.2 Lakhs per year
2 years	₹1.5 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.0 Lakhs to ₹2.9 Lakhs per year

and so on.

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Kotak Mahindra Bank Financial Advisor Salaries

Kotak Mahindra Bank Financial Advisor salary in India ranges between ₹1.2 Lakh to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.