Kotak Mahindra Bank Head of Product Salaries by 4 Employees

11 - 13 years exp.

₹19 Lakhs - ₹65 Lakhs

Low Confidence

Salary of majority employees

Fixed (83%)

₹34.9 Lakhs

Variable (17%)

₹7.1 Lakhs

45% more than the average Head of Product Salary in Banking Companies for 11 - 13 years of experience

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Salaries in different departments

Marketing & Communication Head of Product Salary 13 years exp. (AmbitionBox Estimate)	₹17.1 L/yr - ₹20.9 L/yr
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Product Management Head of Product Salary 12 years exp. (AmbitionBox Estimate)	₹56.1 L/yr - ₹62 L/yr

Last Updated: 14 Sep 2024

Companies similar to Kotak Mahindra Bank for Head of Product

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Head of Product Salary 15 - 27 years exp. (23 salaries)	₹22 L/yr - ₹72.8 L/yr At par
HDFC Bank Head of Product Salary 11 - 18 years exp. (10 salaries)	₹22 L/yr - ₹80 L/yr 14% more
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RBL Bank Head of Product Salary 7 - 21 years exp. (8 salaries)	₹21.5 L/yr - ₹54 L/yr 10% less
Axis Bank Head of Product Salary 15 - 20 years exp. (6 salaries)	₹21 L/yr - ₹40 L/yr 35% less
IndusInd Bank Head of Product Salary 12 - 23 years exp. (5 salaries)	₹61 L/yr - ₹75 L/yr 61% more
Yes Bank Head of Product Salary 15 - 21 years exp. (5 salaries)	₹32.5 L/yr - ₹70 L/yr 1% more
IDFC FIRST Bank Head of Product Salary 14 - 15 years exp. (4 salaries)	₹50 L/yr - ₹55 L/yr 25% more
Federal Bank Head of Product Salary 1 - 16 years exp. (4 salaries)	₹9 L/yr - ₹21.5 L/yr 68% less
Ujjivan Small Finance Bank Head of Product Salary 5 - 12 years exp. (4 salaries)	₹17.6 L/yr - ₹38 L/yr 42% less
Bandhan Bank Head of Product Salary 6 - 14 years exp. (3 salaries)	₹19 L/yr - ₹35 L/yr 36% less

Head of Product salary at Kotak Mahindra Bank ranges between ₹19 Lakhs to ₹65 Lakhs per year for employees with experience between 11 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Head of Product salaries

Last Updated: 14 Sep 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹65 L/yr - ₹65 L/yr
12 years (AmbitionBox Estimate)	₹25 L/yr - ₹59 L/yr
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13 years (AmbitionBox Estimate)	₹19 L/yr - ₹34.2 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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₹11.5 L/yr - ₹14 L/yr

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₹3.5 L/yr - ₹9.7 L/yr

Management Executive Salary

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₹3 L/yr - ₹3.5 L/yr

Operator Salary

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₹2 L/yr - ₹2.4 L/yr

Quality Controller Salary

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₹1.5 L/yr - ₹1.68 L/yr

Assistant Manager Maintenance Salary

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₹2 L/yr - ₹7.1 L/yr

Top skills at Kotak Mahindra Bank for Head of Product

SME Product Management Product Development Product Life Cycle Management Business Loan New Product Development bl Product Design Product Portfolio Management

Salary related reviews for Kotak Mahindra Bank

Principal Software Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

2.0

• posted on 27 Dec 2024

2.0

for Salary and Benefits

Likes

- Business Heads and Tech Heads are supportive

Dislikes

- poor benefits - poor compensation and variable structure(ex no pro rata variable payout) - poor medical insurance coverage - poor processes and tools - poor culture overall

Salary - Poor

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1.0

• posted on 23 Dec 2024

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for Salary and Benefits

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I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Salary - Good

+1 more

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Job security - Bad

+2 more

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Salary - Good

+1 more

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Skill development - Bad

+3 more

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Salary - Poor

+4 more

Deputy Manager Operations in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 19 Nov 2024

2.0

for Salary and Benefits

Likes

Salary, if you are a good negotiator.

Dislikes

It is a good place for those who came as avp and above. On ground level there is no work life balance and job securities. The main problem is about the culture, so many conference call happens where only limited time employees get for their work. Imbalance professionalism.

Salary - Poor

+4 more

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Kotak Mahindra Bank Head of Product Salary FAQs

What is the salary of Head of Product at Kotak Mahindra Bank ?

The average salary of a Head of Product at Kotak Mahindra Bank in India typically ranges from ₹19.0 Lakhs to ₹65.0 Lakhs per year, depending on experience (from 11 years to 13 years).

The top 10% of Head of Product at Kotak Mahindra Bank earn more than ₹65.0 Lakhs per year, and the top 1% earn over ₹65.0 Lakhs per year. Head of Product 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 4 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Head of Product at Kotak Mahindra Bank in India typically ranges from ₹2,49,048 to ₹2,59,172 per month. This is based on the average salary range of ₹19.0 Lakhs to ₹65.0 Lakhs per year for employees with experience ranging from 11 years to 13 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 4 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 Head of Product at Kotak Mahindra Bank ?

To be a Head of Product at Kotak Mahindra Bank in india, the key skills required include:

- SME
- Product Management
- Product Development
- Product Life Cycle Management
- Business Loan

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 Head of Product in India?

IndusInd Bank	₹61.0 Lakhs to ₹75.0 Lakhs per year
IDFC FIRST Bank	₹50.0 Lakhs to ₹55.0 Lakhs per year
HDFC Bank	₹22.0 Lakhs to ₹80.0 Lakhs per year
Yes Bank	₹32.5 Lakhs to ₹70.0 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 Head of Product in companies similar to Kotak Mahindra Bank in India?

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

ICICI Bank	₹22.0 Lakhs to ₹72.8 Lakhs per year
RBL Bank	₹21.5 Lakhs to ₹54.0 Lakhs per year
Axis Bank	₹21.0 Lakhs to ₹40.0 Lakhs per year
Bandhan Bank	₹19.0 Lakhs to ₹35.0 Lakhs per year
Ujjivan Small Finance Bank	₹17.6 Lakhs to ₹38.0 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 Head of Product at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
11 years	₹65.0 Lakhs to ₹65.0 Lakhs per year
12 years	₹25.0 Lakhs to ₹59.0 Lakhs per year
13 years	₹19.0 Lakhs to ₹34.2 Lakhs per year

and so on.

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Kotak Mahindra Bank Head of Product Salaries

Kotak Mahindra Bank Head of Product salary in India ranges between ₹19 Lakhs to ₹65 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.