Kotak Mahindra Bank Senior Associate 1 Salaries by 4 Employees (Updated 2025)

1 - 3 years exp.

₹2 Lakhs - ₹4.7 Lakhs

Low Confidence

Salary of majority employees

65% less than the average Senior Associate 1 Salary in Banking Companies for 1 - 3 years of experience

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Last Updated: 8 May 2024

Companies similar to Kotak Mahindra Bank for Senior Associate 1

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Associate 1 Salary 2 - 6 years exp. (4 salaries)	₹2.8 L/yr - ₹7.5 L/yr 60% more
ICICI Bank Senior Associate 1 Salary 0 - 4 years exp. (19 salaries)	₹1.6 L/yr - ₹3.2 L/yr 24% less
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Axis Bank Senior Associate 1 Salary 2 - 9 years exp. (4 salaries)	₹1.9 L/yr - ₹15 L/yr 154% more
State Bank of India Senior Associate 1 Salary 8 - 11 years exp. (4 salaries)	₹6 L/yr - ₹11.5 L/yr 167% more
IDFC FIRST Bank Senior Associate 1 Salary 2 - 7 years exp. (3 salaries)	₹3.3 L/yr - ₹27 L/yr 280% more
Paytm Payments Bank Senior Associate 1 Salary 2 - 5 years exp. (11 salaries)	₹3 L/yr - ₹4.9 L/yr 14% more
City Union Bank Senior Associate 1 Salary 1 - 5 years exp. (7 salaries)	₹4.5 L/yr - ₹6.5 L/yr 63% more

Senior Associate 1 salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹4.7 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Senior Associate 1 salaries

Last Updated: 8 May 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹4.7 L/yr
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.7 L/yr
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3 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.7 L/yr

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Salary related reviews for Kotak Mahindra Bank

Team Lead in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

4.0

• posted on 08 May 2023

2.0

for Salary and Benefits

Likes

You get a lot of learning exposure. Job security is very good. 5 days working benefit. Overall a great experience.

Job security - Excellent

Dislikes

Newly recruited person are taken for high salary where as existing employees do not have the value. Work for 2 years and change the company we ll have dignity then. Wen required sales and when required service changes in sop very frequently. We end up learning n experience all these as well.

Salary - Poor

+1 more

Senior Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 03 Apr 2021

1.0

for Salary and Benefits

Likes

Job security

Job security - Good

Dislikes

Poor compensation - No increments given in 2020 despite a great year for the bank. Senior mgmt. benefits from stock options while increments and bonuses for Senior Associates/VPs are significantly lower than peers.

Salary - Bad

+3 more

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

+4 more

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

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

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Senior Associate 1 Salary FAQs

What is the salary of Senior Associate 1 at Kotak Mahindra Bank?

Senior Associate 1 salary at Kotak Mahindra Bank in India ranges between ₹2.0 Lakhs to ₹4.7 Lakhs for experience between 1 years to 3 years. According to our estimates it is 65% less than the average Senior Associate 1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Senior Associate 1 at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Senior Associate 1 at Kotak Mahindra Bank is 65% less than the average salary of a Senior Associate 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Senior Associate 1 in India?

IDFC FIRST Bank Senior Associate 1 Salary - ₹3.3 Lakhs to ₹27.0 Lakhs per year
State Bank of India Senior Associate 1 Salary - ₹6.0 Lakhs to ₹11.5 Lakhs per year
Axis Bank Senior Associate 1 Salary - ₹1.9 Lakhs to ₹15.0 Lakhs per year
City Union Bank Senior Associate 1 Salary - ₹4.5 Lakhs to ₹6.5 Lakhs per year
HDFC Bank Senior Associate 1 Salary - ₹2.8 Lakhs to ₹7.5 Lakhs per year

What is the salary of a Senior Associate 1 in companies similar to Kotak Mahindra Bank in India?

Paytm Payments Bank Senior Associate 1 Salary - ₹3.0 Lakhs to ₹4.9 Lakhs per year
ICICI Bank Senior Associate 1 Salary - ₹1.6 Lakhs to ₹3.2 Lakhs per year

What is the estimated take home salary of a Senior Associate 1 at Kotak Mahindra Bank in India?

The estimated take-home salary of a Senior Associate 1 at Kotak Mahindra Bank ranges between ₹22,667 per month to ₹24,140 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Senior Associate 1 salary in India which ranges between ₹2.0 Lakhs to ₹4.7 Lakhs per year for employees with experience between 1 years to 3 years. Check how did we calculate take home salary?

What is the notice period for Senior Associate 1 at Kotak Mahindra Bank?

According to AmbitionBox, 100% of the Kotak Mahindra Bank Senior Associate 1s reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Senior Associate 1 Salaries

Kotak Mahindra Bank Senior Associate 1 salary in India ranges between ₹2 Lakhs to ₹4.7 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.