Search

Salaries

  • Reviews
  • Salaries
  • Interview Questions
  • About Company
  • Benefits
  • Jobs
  • Office Photos
  • Community
+ Contribute
notification
notification
Login
Upload Button Icon Add office photos
Employer? Claim Account for FREE

Kotak Mahindra Bank

Compare button icon Compare button icon Compare
3.7

based on 17.5k Reviews

Play video Play video Video summary
filter salariesFilter salaries by

Kotak Mahindra Bank Senior Associate salaries in Mumbai (Updated 2025)

Annual salary range
1 - 5 years exp.
₹1.5 Lakh - ₹3.9 Lakhs
Avg. annual salary
unlock blur

Monthly In-hand Salary

unlock blur

73% less than the average Senior Associate Salary in Banking Companies for 1 - 5 years of experience

Interested in this particular role?

Salaries in different departments

Customer Success, Service & Operations
Senior Associate Salary
1 - 5 years exp. (6 salaries)
unlock-blur

₹1.8 L/yr - ₹3.5 L/yr

BFSI, Investments & Trading
Senior Associate Salary
1 - 5 years exp. (5 salaries)
unlock-blur

₹1.9 L/yr - ₹3.5 L/yr

Finance & Accounting
Senior Associate Salary
2 - 5 years exp. (5 salaries)
unlock-blur

₹1.5 L/yr - ₹2.8 L/yr

Risk Management & Compliance
Senior Associate Salary
3 - 5 years exp. (3 salaries)
unlock-blur

₹3 L/yr - ₹3.9 L/yr

Last Updated: 2 Feb 2025

Companies similar to Kotak Mahindra Bank for Senior Associate in Mumbai

Logo
Kotak Mahindra Bank Senior Associate Salary

1 - 5 years exp. (25 salaries)
unlock blur

₹1.5 L/yr - ₹3.9 L/yr

vs
Company name Avg Annual Salary Open Jobs
Logo
ICICI Bank Senior Associate Salary

0 - 7 years exp. (128 salaries)
unlock blur

₹1.5 L/yr - ₹3.8 L/yr

arrow icon 15% less
Logo
IDFC FIRST Bank Senior Associate Salary

2 - 8 years exp. (36 salaries)
unlock blur

₹2 L/yr - ₹5.5 L/yr

arrow icon 43% more
Logo
City Union Bank Senior Associate Salary

0 - 9 years exp. (23 salaries)
unlock blur

₹3.3 L/yr - ₹6.4 L/yr

arrow icon 75% more
Logo
HDFC Bank Senior Associate Salary

2 - 10 years exp. (10 salaries)
unlock blur

₹2.2 L/yr - ₹9 L/yr

arrow icon 123% more
Logo
Yes Bank Senior Associate Salary

3 - 9 years exp. (8 salaries)
unlock blur

₹2.7 L/yr - ₹7 L/yr

arrow icon 44% more
Logo
IndusInd Bank Senior Associate Salary

2 - 8 years exp. (5 salaries)
unlock blur

₹2.5 L/yr - ₹12 L/yr

arrow icon 158% more
Logo
HSBC Global Banking and Markets Senior Associate Salary

3 - 9 years exp. (5 salaries)
unlock blur

₹7.2 L/yr - ₹21 L/yr

arrow icon 321% more
Logo
Axis Bank Senior Associate Salary

2 - 7 years exp. (4 salaries)
unlock blur

₹1.9 L/yr - ₹4.9 L/yr

arrow icon 12% more
Logo
Chase Bank Senior Associate Salary

9 - 11 years exp. (3 salaries)
unlock blur

₹18.5 L/yr - ₹21.5 L/yr

arrow icon 558% more
Senior Associate salary at Kotak Mahindra Bank ranges between ₹1.5 Lakh to ₹3.9 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 25 latest salaries received from various employees of Kotak Mahindra Bank.

Latest annual salaries shared by Kotak Mahindra Bank Senior Associate in Mumbai

2mo ago
₹3 Lakhs
5 years exp.
4mo ago
₹3.5 Lakhs
2 years exp.
4mo ago
₹2.5 Lakhs
1 year exp.
5mo ago
₹1.8 Lakh
3 years exp.
5mo ago
₹3 Lakhs
5 years exp.
7mo ago
avg blur mobile
4 years exp.
10mo ago
avg blur mobile
3 years exp.
10mo ago
avg blur mobile
3 years exp.
1y ago
avg blur mobile
1 year exp.
1y ago
avg blur mobile
4 years exp.

Experience wise Kotak Mahindra Bank Senior Associate salaries in Mumbai

Last Updated: 2 Feb 2025

Experience Avg Annual Salary
1 year  (3 salaries)

unlock blur

₹1.9 L/yr - ₹3 L/yr
2 years  (4 salaries)

unlock blur

₹1.8 L/yr - ₹3.5 L/yr
3 years  (6 salaries)

unlock blur

₹1.8 L/yr - ₹3.9 L/yr
4 years  (6 salaries)

unlock blur

₹1.5 L/yr - ₹3.9 L/yr
5 years  (6 salaries)

unlock blur

₹2 L/yr - ₹3 L/yr
Kotak Mahindra Bank Senior Associate Salary and Career Growth

From

To

Senior Associate

₹unlock blur Lakhs/yr

1 - 5 years exp.

Deputy Manager

₹unlock blur Lakhs/yr

0 - 13 years exp.

Senior Associate 1 - 5 years exp.
unlock blur
Assistant Manager 0 - 9 years exp.
unlock blur
arrow icon 27% hike
    Deputy Manager 0 - 13 years exp.
    unlock blur
    arrow icon 44% hike
    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Similar Designation salaries in Kotak Mahindra Bank

    Team Lead Salary
    (82 salaries)
    unlock blur
    ₹1.8 L/yr - ₹9 L/yr
    Software Engineer Salary
    (10 salaries)
    unlock blur
    ₹6 L/yr - ₹18.7 L/yr
    Technical Lead Salary
    (3 salaries)
    unlock blur
    ₹33.49 L/yr - ₹34.27 L/yr

    Salary related reviews for Kotak Mahindra Bank

    2.8

    Rated by 2 employees for salary & benefits

    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.

    read more
    • Salary - Bad
      • +3 more

    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.

    read more
    • Salary - Poor
      • +1 more

    SME in Mumbai

    Full Time

     · 

    Customer Success, Service & Operations Department

    4.0
      •  posted on 05 Apr 2025
    1.0
     for  Salary and Benefits

    Likes

    About job security and achievable targets

    • Skill development - Good
      • +3 more

    Dislikes

    It is pathetic how they differentiate the salary of new employee and the old employee example if you are the subject matter expert or team leader your salary is less that of new employee who has joined now So there should equality in that I don't think HR is look in to it even he never replies or talk with us.

    read more
    • Salary - Bad

    Assistant Manager in Bangalore / Bengaluru

    Full Time

     · 

    Sales & Business Development Department

    4.0
      •  posted on 02 Apr 2025
    3.0
     for  Salary and Benefits

    Likes

    highlight your interest in their innovative digital banking services, focus on customer satisfaction, and rapid growth, aligning your skills and experience with their values and goals.

    read more
    • Skill development - Good
      • +2 more

    Dislikes

    Not grown in the bank and salary also low

    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

    read more
    • Salary - Poor
      • +4 more
    see more salary related reviews

    Discover interview dos and don'ts from real experiences

    What people are saying about Kotak Mahindra Bank

    View All
    a manager
    6d
    Ambiguity in JOB offer.
    I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.
    Got a question about Kotak Mahindra Bank?
    Ask anonymously on communities.
    More about working at Kotak Mahindra Bank
    golden leaf award

    #23 Best Mega Company - 2022

    golden leaf award

    Kotak Mahindra Bank Senior Associate Salary FAQs

    What is the salary of Senior Associate at Kotak Mahindra Bank in Mumbai?
    The average salary of a Senior Associate at Kotak Mahindra Bank in Mumbai typically ranges from ₹1.5 Lakhs to ₹3.9 Lakhs per year, depending on experience (from 1 year to 5 years).

    The top 10% of Senior Associate in Mumbai at Kotak Mahindra Bank earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.9 Lakhs per year. Senior Associate 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 20+ Kotak Mahindra Bank employees in India.
    What is the estimated take home salary of a Senior Associate at Kotak Mahindra Bank in Mumbai?
    The estimated take-home salary of a Senior Associate at Kotak Mahindra Bank in Mumbai typically ranges from ₹20,235 to ₹21,894 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.9 Lakhs per year for employees with experience ranging from 1 year to 5 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 20+ 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 Senior Associate in India?
    Chase Bank ₹18.5 Lakhs to ₹21.5 Lakhs per year
    HSBC Global Banking and Markets ₹7.2 Lakhs to ₹21.0 Lakhs per year
    IndusInd Bank ₹2.5 Lakhs to ₹12.0 Lakhs per year
    HDFC Bank ₹2.2 Lakhs to ₹9.0 Lakhs per year
    City Union Bank ₹3.3 Lakhs to ₹6.4 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 Senior Associate in companies similar to Kotak Mahindra Bank in Mumbai?
    The salary of a Senior Associate at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    Yes Bank ₹2.7 Lakhs to ₹7.0 Lakhs per year
    IDFC FIRST Bank ₹2.0 Lakhs to ₹5.5 Lakhs per year
    Axis Bank ₹1.9 Lakhs to ₹4.9 Lakhs per year
    ICICI Bank ₹1.5 Lakhs to ₹3.8 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 Senior Associate at Kotak Mahindra Bank in Mumbai?
    The salary growth for a Senior Associate at Kotak Mahindra Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Associate in Mumbai can expect the following growth trajectory at Kotak Mahindra Bank:

    Experience Average Salary Range
    1 year ₹1.9 Lakhs to ₹3.0 Lakhs per year
    2 years ₹1.8 Lakhs to ₹3.5 Lakhs per year
    3 years ₹1.8 Lakhs to ₹3.9 Lakhs per year
    4 years ₹1.5 Lakhs to ₹3.9 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Kotak Mahindra Bank Senior Associate salary in Mumbai ranges between ₹1.5 Lakh to ₹3.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 25 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.