Kotak Mahindra Bank Head Operations Salaries by 7 Employees

5 - 11 years exp.

₹4 Lakhs - ₹12 Lakhs

Low Confidence

Salary of majority employees

64% less than the average Head Operations Salary in Banking Companies for 5 - 11 years of experience

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Salaries in different departments

Customer Success, Service & Operations Head Operations Salary 8 - 11 years exp. (3 salaries)	₹8.5 L/yr - ₹12 L/yr
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Finance & Accounting Head Operations Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹7.4 L/yr

Last Updated: 22 Nov 2024

Companies similar to Kotak Mahindra Bank for Head Operations

Company name	Avg Annual Salary	Open Jobs
Axis Bank Head Operations Salary 5 - 17 years exp. (193 salaries)	₹4 L/yr - ₹14.5 L/yr 20% more
ICICI Bank Head Operations Salary 6 - 21 years exp. (11 salaries)	₹10 L/yr - ₹37 L/yr 187% more
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IndusInd Bank Head Operations Salary 0 - 12 years exp. (8 salaries)	₹3.6 L/yr - ₹12.5 L/yr 17% more
Yes Bank Head Operations Salary 6 - 12 years exp. (8 salaries)	₹3.5 L/yr - ₹12 L/yr 9% more
HDFC Bank Head Operations Salary 5 - 19 years exp. (8 salaries)	₹4.8 L/yr - ₹21.8 L/yr 74% more
Bandhan Bank Head Operations Salary 9 - 14 years exp. (5 salaries)	₹7.6 L/yr - ₹12.5 L/yr 25% more
Jana Small Finance Bank Head Operations Salary 5 - 28 years exp. (5 salaries)	₹3.9 L/yr - ₹32.2 L/yr 122% more
RBL Bank Head Operations Salary 7 - 11 years exp. (4 salaries)	₹6 L/yr - ₹9.5 L/yr 3% less
IDFC FIRST Bank Head Operations Salary 8 - 13 years exp. (4 salaries)	₹6 L/yr - ₹8 L/yr 8% less
Bank of Baroda Head Operations Salary 9 - 13 years exp. (4 salaries)	₹12 L/yr - ₹20 L/yr 100% more
Ujjivan Small Finance Bank Head Operations Salary 7 - 10 years exp. (4 salaries)	₹6.9 L/yr - ₹8 L/yr 5% less
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Utkarsh Small Finance Bank Head Operations Salary 22 - 30 years exp. (3 salaries)	₹32 L/yr - ₹1 Cr/yr 922% more

Head Operations salary at Kotak Mahindra Bank ranges between ₹4 Lakhs to ₹12 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Head Operations salaries

Last Updated: 22 Nov 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹8 L/yr
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7 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
8 years (AmbitionBox Estimate)	₹7 L/yr - ₹8.5 L/yr
9 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹16.2 L/yr
10 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹12 L/yr
11 years (AmbitionBox Estimate)	₹12 L/yr - ₹12 L/yr

View all

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₹24 L/yr - ₹67 L/yr

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₹7.9 L/yr - ₹25 L/yr

Deputy Manager Salary

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₹1.65 L/yr - ₹8.5 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Project Manager Salary

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₹5.79 L/yr - ₹24.3 L/yr

Salary related reviews for Kotak Mahindra Bank

2.0

Rated by 2 employees for salary & benefits

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

Operations Manager in Goregaon

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 06 Nov 2024

1.0

for Salary and Benefits

Likes

There is no work pressure its harmful for your future

Job security - Excellent

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

Salary - Bad

+5 more

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

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Head Operations Salary FAQs

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

The average salary of a Head Operations at Kotak Mahindra Bank in India typically ranges from ₹4.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 5 years to 11 years).

The top 10% of Head Operations at Kotak Mahindra Bank earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Head Operations 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 7 Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Head Operations at Kotak Mahindra Bank in India typically ranges from ₹56,592 to ₹58,012 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 5 years to 11 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 7 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 Head Operations in India?

Utkarsh Small Finance Bank	₹32.0 Lakhs to ₹102.0 Lakhs per year
ICICI Bank	₹10.0 Lakhs to ₹37.0 Lakhs per year
Jana Small Finance Bank	₹3.9 Lakhs to ₹32.2 Lakhs per year
Bank of Baroda	₹12.0 Lakhs to ₹20.0 Lakhs per year
HDFC Bank	₹4.8 Lakhs to ₹21.8 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 Head Operations in companies similar to Kotak Mahindra Bank in India?

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

Bandhan Bank	₹7.6 Lakhs to ₹12.5 Lakhs per year
Axis Bank	₹4.0 Lakhs to ₹14.5 Lakhs per year
IndusInd Bank	₹3.6 Lakhs to ₹12.5 Lakhs per year
Yes Bank	₹3.5 Lakhs to ₹12.0 Lakhs per year
RBL Bank	₹6.0 Lakhs to ₹9.5 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 Head Operations at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
5 years	₹4.0 Lakhs to ₹4.0 Lakhs per year
6 years	₹4.0 Lakhs to ₹8.0 Lakhs per year
7 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
8 years	₹7.0 Lakhs to ₹8.5 Lakhs per year

and so on.

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Kotak Mahindra Bank Head Operations Salaries

Kotak Mahindra Bank Head Operations salary in India ranges between ₹4 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.