Kotak Mahindra Bank Financial Advisor Salaries by 10+ Employees (Updated 2025)

0 - 4 years exp.

₹1.5 Lakh - ₹4.2 Lakhs

Salary of majority employees

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51% 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)	Unlock ₹2.7 L/yr - ₹4.2 L/yr
Marketing & Communication Financial Advisor Salary 1 - 2 years exp. (AmbitionBox Estimate)	Unlock ₹1.5 L/yr - ₹1.9 L/yr
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Sales & Business Development Financial Advisor Salary 3 - 4 years exp. (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹2.9 L/yr
BFSI, Investments & Trading Financial Advisor Salary Fresher (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹3 L/yr
Customer Success, Service & Operations Financial Advisor Salary 1 year exp. (AmbitionBox Estimate)	Unlock ₹2.2 L/yr - ₹3 L/yr

Last Updated: 14 Nov 2024

Companies similar to Kotak Mahindra Bank for Financial Advisor

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Financial Advisor Salary 1 - 3 years exp. (14 salaries)	Unlock ₹1 L/yr - ₹4 L/yr 11% more
ICICI Bank Financial Advisor Salary 0 - 4 years exp. (14 salaries)	Unlock ₹1.8 L/yr - ₹5 L/yr 31% more
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Axis Bank Financial Advisor Salary 0 - 5 years exp. (5 salaries)	Unlock ₹1.5 L/yr - ₹4 L/yr 24% more
Bajaj Finserv Financial Advisor Salary 0 - 4 years exp. (4 salaries)	Unlock ₹2.4 L/yr - ₹3.5 L/yr 23% more
SBI Mutual Fund Financial Advisor Salary 0 - 7 years exp. (4 salaries)	Unlock ₹1 L/yr - ₹3.6 L/yr 8% more
Aditya Birla Capital Financial Advisor Salary 0 - 3 years exp. (15 salaries)	Unlock ₹1 L/yr - ₹5 L/yr 16% more	1 job opening
Tata Capital Financial Advisor Salary 1 - 3 years exp. (4 salaries)	Unlock ₹2.1 L/yr - ₹3.2 L/yr 11% more
Reliance Capital Financial Advisor Salary 0 - 4 years exp. (4 salaries)	Unlock ₹2.5 L/yr - ₹3.6 L/yr 36% more
Edelweiss Financial Advisor Salary 0 - 13 years exp. (19 salaries)	Unlock ₹2.4 L/yr - ₹8 L/yr 88% more
IndusInd Bank Financial Advisor Salary 1 - 4 years exp. (3 salaries)	Unlock ₹1.8 L/yr - ₹4.8 L/yr 29% more
Yes Bank Financial Advisor Salary 3 - 12 years exp. (13 salaries)	Unlock ₹6.5 L/yr - ₹12 L/yr 252% more
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IDFC FIRST Bank Financial Advisor Salary 0 - 4 years exp. (7 salaries)	Unlock ₹1.5 L/yr - ₹3.5 L/yr At par
HSBC Global Banking and Markets Financial Advisor Salary 4 - 8 years exp. (4 salaries)	Unlock ₹4.8 L/yr - ₹6.7 L/yr 145% more
State Bank of India Financial Advisor Salary 0 - 5 years exp. (4 salaries)	Unlock ₹2 L/yr - ₹8.4 L/yr 121% more
Bank of Baroda Financial Advisor Salary 5 - 8 years exp. (3 salaries)	Unlock ₹2.9 L/yr - ₹10.8 L/yr 137% more
Jana Small Finance Bank Financial Advisor Salary 0 - 7 years exp. (3 salaries)	Unlock ₹1.4 L/yr - ₹5 L/yr 13% more

Financial Advisor salary at Kotak Mahindra Bank ranges between ₹1.5 Lakh to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 14 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Financial Advisor

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4 years exp.

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Experience wise Kotak Mahindra Bank Financial Advisor salaries

Last Updated: 14 Nov 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	Unlock ₹2.1 L/yr - ₹3 L/yr
1 year (4 salaries)	Unlock ₹1.6 L/yr - ₹4.2 L/yr
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2 years (3 salaries)	Unlock ₹1.5 L/yr - ₹3 L/yr
3 years (3 salaries)	Unlock ₹2 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹0.9 L/yr - ₹2.9 L/yr

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₹4.5 L/yr - ₹19 L/yr

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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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Kotak Mahindra Bank Financial Advisor Salary FAQs

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

Financial Advisor salary at Kotak Mahindra Bank in India ranges between ₹1.5 Lakhs to ₹4.2 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 51% less than the average Financial Advisor Salary in India. Salary estimates are based on 14 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Financial Advisor at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Financial Advisor at Kotak Mahindra Bank is 51% less than the average salary of a Financial Advisor in India. To know exact salary insights, login to view.

What are the top skills required to work as a Financial Advisor at Kotak Mahindra Bank?

Aircraft Handling, Advisory, Operations Research, System Integration Testing and Case are some of the popular skills required to work as a Financial Advisor at Kotak Mahindra Bank India.

Which similar companies are paying more than Kotak Mahindra Bank to a Financial Advisor in India?

Yes Bank Financial Advisor Salary - ₹6.5 Lakhs to ₹12.0 Lakhs per year
HSBC Global Banking and Markets Financial Advisor Salary - ₹4.8 Lakhs to ₹6.7 Lakhs per year
Bank of Baroda Financial Advisor Salary - ₹2.9 Lakhs to ₹10.8 Lakhs per year
State Bank of India Financial Advisor Salary - ₹2.0 Lakhs to ₹8.4 Lakhs per year
Edelweiss Financial Advisor Salary - ₹2.4 Lakhs to ₹8.0 Lakhs per year

What is the salary of a Financial Advisor in companies similar to Kotak Mahindra Bank in India?

Reliance Capital Financial Advisor Salary - ₹2.5 Lakhs to ₹3.6 Lakhs per year
ICICI Bank Financial Advisor Salary - ₹1.8 Lakhs to ₹5.0 Lakhs per year
IndusInd Bank Financial Advisor Salary - ₹1.8 Lakhs to ₹4.8 Lakhs per year
Axis Bank Financial Advisor Salary - ₹1.5 Lakhs to ₹4.0 Lakhs per year
Bajaj Finserv Financial Advisor Salary - ₹2.4 Lakhs to ₹3.5 Lakhs per year

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 ranges between ₹16,363 per month to ₹18,048 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Financial Advisor salary in India which ranges between ₹1.5 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

What is the notice period for Financial Advisor at Kotak Mahindra Bank?

According to AmbitionBox, 57% of the Kotak Mahindra Bank Financial Advisors reported a notice period of 15 days or less, 29% reported a notice period of More than 3 months and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Financial Advisor Salaries

Kotak Mahindra Bank Financial Advisor salary in India ranges between ₹1.5 Lakh to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.