Kotak Mahindra Bank Senior Manager Finance Salaries by 10+ Employees

4 - 16 years exp.

₹6.9 Lakhs - ₹20.5 Lakhs

Salary of majority employees

50% less than the average Senior Manager Finance Salary in Banking Companies for 4 - 16 years of experience

Interested in this particular role?

Last Updated: 25 Jun 2024

Companies similar to Kotak Mahindra Bank for Senior Manager Finance

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Manager Finance Salary 3 - 12 years exp. (36 salaries)	₹10.6 L/yr - ₹23.3 L/yr 17% more
Bank of Baroda Senior Manager Finance Salary 9 - 15 years exp. (18 salaries)	₹14 L/yr - ₹30 L/yr 94% more
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RBL Bank Senior Manager Finance Salary 4 - 7 years exp. (11 salaries)	₹10 L/yr - ₹16.5 L/yr 8% more
Yes Bank Senior Manager Finance Salary 4 - 12 years exp. (9 salaries)	₹9.5 L/yr - ₹25 L/yr 16% more
Canara Bank Senior Manager Finance Salary 11 - 13 years exp. (9 salaries)	₹19 L/yr - ₹25 L/yr 60% more
Union Bank of India Senior Manager Finance Salary 9 - 11 years exp. (7 salaries)	₹17.5 L/yr - ₹25 L/yr 53% more
ICICI Bank Senior Manager Finance Salary 7 - 10 years exp. (6 salaries)	₹10 L/yr - ₹25 L/yr 38% more
Axis Bank Senior Manager Finance Salary 4 - 6 years exp. (6 salaries)	₹8 L/yr - ₹20 L/yr 4% more
Paytm Payments Bank Senior Manager Finance Salary 8 - 12 years exp. (5 salaries)	₹23 L/yr - ₹26.5 L/yr 81% more
IDFC FIRST Bank Senior Manager Finance Salary 3 - 12 years exp. (4 salaries)	₹4.6 L/yr - ₹12.5 L/yr 19% less
Bandhan Bank Senior Manager Finance Salary 9 - 14 years exp. (3 salaries)	₹12 L/yr - ₹22.1 L/yr 16% more
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Jana Small Finance Bank Senior Manager Finance Salary 9 - 12 years exp. (3 salaries)	₹6.4 L/yr - ₹7 L/yr 51% less

Senior Manager Finance salary at Kotak Mahindra Bank ranges between ₹6.9 Lakhs to ₹20.5 Lakhs per year for employees with experience between 4 years to 16 years. Salary estimates are based on 16 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Senior Manager Finance salaries

Last Updated: 25 Jun 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹31.4 L/yr
5 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹20 L/yr
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6 years (AmbitionBox Estimate)	₹14.5 L/yr - ₹18.5 L/yr
7 years (3 salaries)	₹11.6 L/yr - ₹16 L/yr
8 years (3 salaries)	₹5.9 L/yr - ₹25 L/yr
9 years (AmbitionBox Estimate)	₹11 L/yr - ₹25.3 L/yr
10 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹24.1 L/yr
11 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹15.2 L/yr
12 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
13 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
14 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.2 L/yr
15+ years (3 salaries)	₹6.9 L/yr - ₹11 L/yr

View all

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Salary related reviews for Kotak Mahindra Bank

3.3

Rated by 5 employees for salary & benefits

Credit Manager in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 23 Sep 2023

1.0

for Salary and Benefits

Likes

Skill Development and Learning

Skill development - Good

Dislikes

No Work-Life balance,no Salary & Benefits,not happy with Promotions / Appraisal,no Work Satisfaction,I don't kwon Company Culture, but department culture is veridis happy

Salary - Bad

+5 more

Credit Processing Associate in New Delhi

Full Time

Finance & Accounting Department

4.0

• posted on 23 Dec 2022

2.0

for Salary and Benefits

Likes

Good place to learn and for skill development got nice exposure of work.. and load of work is average so you got time for work and life both.. Nice place for learn

Skill development - Good

+1 more

Dislikes

It's a offroll job , so there is No salary increment for CPA ( credit processing associates) no other benefits..

Salary - Poor

+2 more

Credit Associate in Nagpur

Full Time

Other Department

2.0

• posted on 14 Feb 2023

1.0

for Salary and Benefits

Likes

Overall good mentor is good... Work is also ok... Bosses are good in nature

Company culture - Good

Dislikes

There is no salary hike in last 4 year... No growth in position.... Working in same salary & in same position from last 4 year

Salary - Bad

+2 more

Credit Processing Associate in Kotak House Near Trinity Metro Station Bangalore

Other Department

5.0

• posted on 29 May 2022

5.0

for Salary and Benefits

Likes

Kotak Mahindra Bank Business loan process is very good and long process and we will prepartion TAT is very dificulty and Very carfully updated last two yers financials and latest one year GST returns and latest one year Banking perfios after completed TAT easly process the case the working is very easly recomending the casese.

Salary - Excellent

+5 more

Dislikes

More work and less salary, there is no co-ordination in the team, any problem is raised asking me only, our team peoples doing mistakes managers asking me, any big Financial cases shared managers me only.

Promotions - Poor

Credit Analyst in Bangalore / Bengaluru

Wholesale Banking Department

4.0

• posted on 28 May 2022

2.0

for Salary and Benefits

Likes

In terms of other Indian Banks, Kotak is far better when it comes to Work Life Balance and Work Culture. People are much more professional here. You would love it if you become a part of the wholesale banking group.

Skill development - Good

+4 more

Dislikes

Pay is on the lower side with low hikes and bonuses. Even promotions are based on the biasness and not the skill of employees.

Salary - Poor

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Senior Manager Finance Salary FAQs

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

The average salary of a Senior Manager Finance at Kotak Mahindra Bank in India typically ranges from ₹6.9 Lakhs to ₹20.5 Lakhs per year, depending on experience (from 4 years to 16 years).

The top 10% of Senior Manager Finance at Kotak Mahindra Bank earn more than ₹24.5 Lakhs per year, and the top 1% earn over ₹25.0 Lakhs per year. Senior Manager Finance 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 10+ Kotak Mahindra Bank employees in India.

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

The estimated take-home salary of a Senior Manager Finance at Kotak Mahindra Bank in India typically ranges from ₹93,974 to ₹96,501 per month. This is based on the average salary range of ₹6.9 Lakhs to ₹20.5 Lakhs per year for employees with experience ranging from 4 years to 16 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 10+ 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 Manager Finance in India?

Bank of Baroda	₹14.0 Lakhs to ₹30.0 Lakhs per year
Paytm Payments Bank	₹23.0 Lakhs to ₹26.5 Lakhs per year
Canara Bank	₹19.0 Lakhs to ₹25.0 Lakhs per year
Union Bank of India	₹17.5 Lakhs to ₹25.0 Lakhs per year
ICICI Bank	₹10.0 Lakhs to ₹25.0 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.

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

The salary of a Senior Manager Finance at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank	₹10.6 Lakhs to ₹23.3 Lakhs per year
Bandhan Bank	₹12.0 Lakhs to ₹22.1 Lakhs per year
Yes Bank	₹9.5 Lakhs to ₹25.0 Lakhs per year
RBL Bank	₹10.0 Lakhs to ₹16.5 Lakhs per year
Axis Bank	₹8.0 Lakhs to ₹20.0 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 Manager Finance at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
4 years	₹11.2 Lakhs to ₹31.4 Lakhs per year
5 years	₹6.7 Lakhs to ₹20.0 Lakhs per year
6 years	₹14.5 Lakhs to ₹18.5 Lakhs per year
7 years	₹11.6 Lakhs to ₹16.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Senior Manager Finance Salaries

Kotak Mahindra Bank Senior Manager Finance salary in India ranges between ₹6.9 Lakhs to ₹20.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.