Kotak Mahindra Bank Mumbai Manager II Salaries by 4 Employees

9 - 11 years exp.

₹6.5 Lakhs - ₹8 Lakhs

Salary of majority employees

64% less than the average Manager II Salary in Banking Companies for 9 - 11 years of experience

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Salaries in different departments

Risk Management & Compliance Manager II Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹7.3 L/yr - ₹7.7 L/yr
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Finance & Accounting Manager II Salary 9 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹8 L/yr

Last Updated: 16 Aug 2024

Companies similar to Kotak Mahindra Bank for Manager II in Mumbai

Kotak Mahindra Bank Manager II Salary

9 - 11 years exp. (4 salaries)

₹6.5 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Manager II Salary 2 - 16 years exp. (144 salaries)	₹8.5 L/yr - ₹24.7 L/yr 133% more
Axis Bank Manager II Salary 6 - 13 years exp. (4 salaries)	₹7.2 L/yr - ₹13 L/yr 28% more
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ICICI Prudential Life Insurance Manager II Salary 1 - 7 years exp. (95 salaries)	₹8 L/yr - ₹13.7 L/yr 45% more	37 job openings
Sun Pharmaceutical Industries Manager II Salary 3 - 15 years exp. (15 salaries)	₹7.2 L/yr - ₹13.5 L/yr 51% more	1 job opening
Flipkart Manager II Salary 4 - 15 years exp. (14 salaries)	₹18 L/yr - ₹26.2 L/yr 222% more

Manager II salary at Kotak Mahindra Bank ranges between ₹6.5 Lakhs to ₹8 Lakhs per year for employees with experience between 9 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Manager II salaries in Mumbai

Last Updated: 16 Aug 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹8 L/yr
10 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹13.2 L/yr
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11 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹7.5 L/yr

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Salary related reviews for Kotak Mahindra Bank

2.0

Rated by 1 employees for salary & benefits

Relationship Officer in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 24 Mar 2025

2.0

for Salary and Benefits

Likes

On time salary

Skill development - Good

Dislikes

Worst work culture, even 2nd Saturday and 4th Saturday also working day.and if anyone not reached daily sales target reporting manager is putting LOP and high work pressure and paying low salaries.and not not given any leaves

Salary - Poor

+4 more

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 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

Junior Associate in Thane

Full Time

Other Department

5.0

• posted on 12 Nov 2024

5.0

for Salary and Benefits

Likes

62% of Kotak Mahindra Bank employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Kotak Mahindra Bank 3.3 out of 5 for work life balance, 3.5 for culture and values and 3.6 for career opportunities.

Salary - Excellent

+6 more

Dislikes

Some say there is no work-life balance, and that employees work long hours, including on holidays Salary: Some say that salaries are low Management: Some say that management is bad and that rules are not followed Company politics: Some say that company politics and policies are an issue Targets: Some say that targets are high, but the services are not good Working culture: Some say that the working culture is not good

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

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Manager II Salary FAQs

What is the salary of Manager II at Kotak Mahindra Bank in Mumbai?

The average salary of a Manager II at Kotak Mahindra Bank in Mumbai typically ranges from ₹6.5 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 9 years to 11 years).

The top 10% of Manager II in Mumbai at Kotak Mahindra Bank earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Manager II 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 Manager II at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Manager II at Kotak Mahindra Bank in Mumbai typically ranges from ₹54,704 to ₹56,071 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 9 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 4 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 Manager II in India?

Flipkart	₹18.0 Lakhs to ₹26.2 Lakhs per year
ICICI Bank	₹8.5 Lakhs to ₹24.7 Lakhs per year
Sun Pharmaceutical Industries	₹7.2 Lakhs to ₹13.5 Lakhs per year
ICICI Prudential Life Insurance	₹8.0 Lakhs to ₹13.7 Lakhs per year
Axis Bank	₹7.2 Lakhs to ₹13.0 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.

How the salary growth look like for a Manager II at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
9 years	₹2.9 Lakhs to ₹8.0 Lakhs per year
10 years	₹6.5 Lakhs to ₹13.2 Lakhs per year
11 years	₹2.9 Lakhs to ₹7.5 Lakhs per year

and so on.

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Kotak Mahindra Bank Manager II Salaries in Mumbai

Kotak Mahindra Bank Manager II salary in Mumbai ranges between ₹6.5 Lakhs to ₹8 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.