Kotak Mahindra Bank Mumbai Senior Associate Salaries by 20+ Employees (Updated 2025)

1 - 5 years exp.

₹1.5 Lakh - ₹3.9 Lakhs

Salary of majority employees

72% less than the average Senior Associate Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

Customer Success, Service & Operations Senior Associate Salary 1 - 5 years exp. (6 salaries)	₹1.8 L/yr - ₹3.5 L/yr
BFSI, Investments & Trading Senior Associate Salary 1 - 5 years exp. (5 salaries)	₹1.9 L/yr - ₹3.5 L/yr
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Finance & Accounting Senior Associate Salary 2 - 5 years exp. (5 salaries)	₹1.5 L/yr - ₹2.9 L/yr
Risk Management & Compliance Senior Associate Salary 3 - 5 years exp. (3 salaries)	₹3 L/yr - ₹3.9 L/yr

Last Updated: 2 Feb 2025

Companies similar to Kotak Mahindra Bank for Senior Associate in Mumbai

Kotak Mahindra Bank Senior Associate Salary

1 - 5 years exp. (25 salaries)

₹1.5 L/yr - ₹3.9 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Associate Salary 2 - 8 years exp. (9 salaries)	₹2.2 L/yr - ₹10.7 L/yr 105% more
ICICI Bank Senior Associate Salary 0 - 9 years exp. (125 salaries)	₹1.5 L/yr - ₹4 L/yr 10% less
Login to view exact salary
Axis Bank Senior Associate Salary 2 - 6 years exp. (4 salaries)	₹1.9 L/yr - ₹4.9 L/yr 14% more
IndusInd Bank Senior Associate Salary 2 - 8 years exp. (5 salaries)	₹4 L/yr - ₹12 L/yr 160% more
Yes Bank Senior Associate Salary 3 - 9 years exp. (8 salaries)	₹2.7 L/yr - ₹7 L/yr 43% more
IDFC FIRST Bank Senior Associate Salary 2 - 8 years exp. (37 salaries)	₹2 L/yr - ₹6.3 L/yr 41% more
City Union Bank Senior Associate Salary 0 - 9 years exp. (22 salaries)	₹3.3 L/yr - ₹6.4 L/yr 71% more
Paytm Payments Bank Senior Associate Salary 4 - 6 years exp. (6 salaries)	₹3 L/yr - ₹7 L/yr 86% more
HSBC Global Banking and Markets Senior Associate Salary 3 - 9 years exp. (4 salaries)	₹7.2 L/yr - ₹20 L/yr 295% more
Chase Bank Senior Associate Salary 9 - 11 years exp. (3 salaries)	₹18.5 L/yr - ₹21.5 L/yr 546% 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.

Experience wise Kotak Mahindra Bank Senior Associate salaries in Mumbai

Last Updated: 2 Feb 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹1.9 L/yr - ₹3 L/yr
2 years (4 salaries)	₹1.8 L/yr - ₹3.5 L/yr
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3 years (6 salaries)	₹1.8 L/yr - ₹3.9 L/yr
4 years (6 salaries)	₹1.5 L/yr - ₹3.9 L/yr
5 years (6 salaries)	₹2 L/yr - ₹3 L/yr

From

Senior Associate

₹

Lakhs/yr

1 - 5 years exp.

Deputy Manager

₹

Lakhs/yr

0 - 12 years exp.

Senior Associate 1 - 5 years exp.

Assistant Manager 0 - 9 years exp.

26% hike

Deputy Manager 0 - 12 years exp.

43% 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

(80 salaries)

₹1.8 L/yr - ₹9 L/yr

Software Engineer Salary

(10 salaries)

₹4.63 L/yr - ₹18.7 L/yr

Technical Lead Salary

(3 salaries)

₹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.

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.

Salary - Poor

+1 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

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

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What people are saying about Kotak Mahindra Bank

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malleshkuruva

works at

Kotak Mahindra Bank

How to get more interview calls and which website better to upload resume

Hello everyone, I have 3.6years of experience in the bank industry.i want to left from my current organisation to another organisation. My current CTC is 4.75lpa and how much CTC can I expect from another organisation. Kindly suggest me.

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Kotak Mahindra Bank Senior Associate Salary FAQs

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

Senior Associate salary at Kotak Mahindra Bank in Mumbai ranges between ₹1.5 Lakhs to ₹3.9 Lakhs for experience between 1 years to 5 years. According to our estimates it is 72% less than the average Senior Associate Salary in India. Salary estimates are based on 25 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Senior Associate at Kotak Mahindra Bank is 72% less than the average salary of a Senior Associate in Mumbai. To know exact salary insights, login to view.

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

Chase Bank Senior Associate Salary - ₹18.5 Lakhs to ₹21.5 Lakhs per year
HSBC Global Banking and Markets Senior Associate Salary - ₹7.2 Lakhs to ₹20.0 Lakhs per year
IndusInd Bank Senior Associate Salary - ₹4.0 Lakhs to ₹12.0 Lakhs per year
HDFC Bank Senior Associate Salary - ₹2.2 Lakhs to ₹10.7 Lakhs per year
Paytm Payments Bank Senior Associate Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year

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

City Union Bank Senior Associate Salary - ₹3.3 Lakhs to ₹6.4 Lakhs per year
Yes Bank Senior Associate Salary - ₹2.7 Lakhs to ₹7.0 Lakhs per year
IDFC FIRST Bank Senior Associate Salary - ₹2.0 Lakhs to ₹6.3 Lakhs per year
Axis Bank Senior Associate Salary - ₹1.9 Lakhs to ₹4.9 Lakhs per year
ICICI Bank Senior Associate Salary - ₹1.5 Lakhs to ₹4.0 Lakhs per year

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 ranges between ₹20,674 per month to ₹22,327 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Senior Associate salary in India which ranges between ₹1.5 Lakhs to ₹3.9 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 47% of the Kotak Mahindra Bank Senior Associates in Mumbai reported a notice period of 1 Month, 24% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 17 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Senior Associate Salaries in Mumbai

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

Kotak Mahindra Bank Senior Associate salaries in Mumbai

Companies similar to Kotak Mahindra Bank for Senior Associate in Mumbai

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

Experience wise Kotak Mahindra Bank Senior Associate salaries in Mumbai

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Senior Associate in Mumbai

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Associate Vice President in Noida

Principal Software Engineer in Bangalore / Bengaluru

Deputy Vice President in Indore

Kotak Mahindra Bank Senior Associate Salary FAQs

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