Kotak Mahindra Bank Senior Manager 1 Salaries by 4 Employees (Updated 2024)

8 - 11 years exp.

₹6.8 Lakhs - ₹9 Lakhs

Low Confidence

Salary of majority employees

62% less than the average Senior Manager 1 Salary in Banking Companies for 8 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager 1 Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹8.2 L/yr - ₹9 L/yr
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Finance & Accounting Senior Manager 1 Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹7.5 L/yr

Last Updated: 17 Jun 2024

Companies similar to Kotak Mahindra Bank for Senior Manager 1

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Manager 1 Salary 6 - 16 years exp. (20 salaries)	₹7.5 L/yr - ₹16.2 L/yr 34% more
ICICI Bank Senior Manager 1 Salary 5 - 15 years exp. (21 salaries)	₹8 L/yr - ₹16 L/yr 34% more
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Axis Bank Senior Manager 1 Salary 2 - 20 years exp. (16 salaries)	₹7 L/yr - ₹17.1 L/yr 39% more
IndusInd Bank Senior Manager 1 Salary 6 - 13 years exp. (3 salaries)	₹6.3 L/yr - ₹15 L/yr 11% more
Yes Bank Senior Manager 1 Salary 7 - 11 years exp. (5 salaries)	₹9 L/yr - ₹12.4 L/yr 22% more
IDFC FIRST Bank Senior Manager 1 Salary 8 - 11 years exp. (7 salaries)	₹9.3 L/yr - ₹12 L/yr 36% more
Jana Small Finance Bank Senior Manager 1 Salary 5 - 9 years exp. (4 salaries)	₹6.5 L/yr - ₹9 L/yr 3% less
Canara Bank Senior Manager 1 Salary 8 - 13 years exp. (3 salaries)	₹12 L/yr - ₹12.5 L/yr 46% more
Central Bank of India Senior Manager 1 Salary 10 - 31 years exp. (3 salaries)	₹5 L/yr - ₹14 L/yr 32% more

Senior Manager 1 salary at Kotak Mahindra Bank ranges between ₹6.8 Lakhs to ₹9 Lakhs per year for employees with experience between 8 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 Senior Manager 1 salaries

Last Updated: 17 Jun 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹14.7 L/yr
9 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹14.8 L/yr
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10 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹8.6 L/yr
11 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹9 L/yr

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Salary related reviews for Kotak Mahindra Bank

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

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.

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.

Dislikes

Salary, promortion - these are the worst over here.

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.

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.

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

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What people are saying about Kotak Mahindra Bank

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an associate vice president

Hi Bowls, Kindly share reference in Banking and NBFC for regional/zonal roles in sales in Home loans and mortgages vertical.

Regional/Zonal toles

Delhi NCR,Noida&Gurgaon

Mortgages Sales

2 participants . expiring in 2w

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Kotak Mahindra Bank Senior Manager 1 Salary FAQs

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

Senior Manager 1 salary at Kotak Mahindra Bank in India ranges between ₹6.8 Lakhs to ₹9.0 Lakhs for experience between 8 years to 11 years. According to our estimates it is 62% less than the average Senior Manager 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 Manager 1 at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Senior Manager 1 at Kotak Mahindra Bank is 62% less than the average salary of a Senior Manager 1 in India. To know exact salary insights, login to view.

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

Canara Bank Senior Manager 1 Salary - ₹12.0 Lakhs to ₹12.5 Lakhs per year
Axis Bank Senior Manager 1 Salary - ₹7.0 Lakhs to ₹17.1 Lakhs per year
IDFC FIRST Bank Senior Manager 1 Salary - ₹9.3 Lakhs to ₹12.0 Lakhs per year
HDFC Bank Senior Manager 1 Salary - ₹7.5 Lakhs to ₹16.2 Lakhs per year
ICICI Bank Senior Manager 1 Salary - ₹8.0 Lakhs to ₹16.0 Lakhs per year

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

Central Bank of India Senior Manager 1 Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
Yes Bank Senior Manager 1 Salary - ₹9.0 Lakhs to ₹12.4 Lakhs per year
IndusInd Bank Senior Manager 1 Salary - ₹6.3 Lakhs to ₹15.0 Lakhs per year
Jana Small Finance Bank Senior Manager 1 Salary - ₹6.5 Lakhs to ₹9.0 Lakhs per year

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

The estimated take-home salary of a Senior Manager 1 at Kotak Mahindra Bank ranges between ₹61,045 per month to ₹62,592 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Senior Manager 1 salary in India which ranges between ₹6.8 Lakhs to ₹9.0 Lakhs per year for employees with experience between 8 years to 11 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Kotak Mahindra Bank Senior Manager 1s reported a notice period of 3 Months.This is based on 7 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Senior Manager 1 Salaries

Kotak Mahindra Bank Senior Manager 1 salary in India ranges between ₹6.8 Lakhs to ₹9 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.