Kotak Mahindra Bank Mumbai Team Manager Salaries by 20+ Employees (Updated 2024)

1 - 14 years exp.

₹2 Lakhs - ₹11.2 Lakhs

Salary of majority employees

55% less than the average Team Manager Salary in Banking Companies for 1 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Team Manager Salary 5 - 14 years exp. (7 salaries)	₹2 L/yr - ₹11 L/yr
Customer Success, Service & Operations Team Manager Salary 9 - 12 years exp. (4 salaries)	₹3.7 L/yr - ₹9.5 L/yr
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Sales & Business Development Team Manager Salary 2 - 10 years exp. (4 salaries)	₹3 L/yr - ₹8.6 L/yr

Last Updated: 1 Dec 2024

Companies similar to Kotak Mahindra Bank for Team Manager in Mumbai

Kotak Mahindra Bank Team Manager Salary

1 - 14 years exp. (27 salaries)

₹2 L/yr - ₹11.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Team Manager Salary 5 - 13 years exp. (49 salaries)	₹4.5 L/yr - ₹15.6 L/yr 28% more
ICICI Bank Team Manager Salary 3 - 12 years exp. (10 salaries)	₹5 L/yr - ₹21.8 L/yr 79% more
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Axis Bank Team Manager Salary 4 - 11 years exp. (8 salaries)	₹3.1 L/yr - ₹10.5 L/yr 2% less
Yes Bank Team Manager Salary 5 - 7 years exp. (5 salaries)	₹4.2 L/yr - ₹8.5 L/yr 9% more
IDFC FIRST Bank Team Manager Salary 5 - 16 years exp. (13 salaries)	₹5 L/yr - ₹17.5 L/yr 51% more
Barclays Team Manager Salary 8 - 15 years exp. (8 salaries)	₹9.6 L/yr - ₹13 L/yr 80% more
Standard Chartered Team Manager Salary 7 - 11 years exp. (6 salaries)	₹6.9 L/yr - ₹22 L/yr 131% more
Bank of America Team Manager Salary 5 - 9 years exp. (3 salaries)	₹14.6 L/yr - ₹24 L/yr 179% more

Team Manager salary at Kotak Mahindra Bank ranges between ₹2 Lakhs to ₹11.2 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 27 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Team Manager salaries in Mumbai

Last Updated: 1 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.6 L/yr - ₹7.3 L/yr
2 years (3 salaries)	₹3 L/yr - ₹5.1 L/yr
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3 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.7 L/yr
4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹9.6 L/yr
5 years (5 salaries)	₹2 L/yr - ₹8 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹11.2 L/yr
7 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹9.3 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹8 L/yr
9 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹13.5 L/yr
10 years (AmbitionBox Estimate)	₹7 L/yr - ₹11.3 L/yr
11 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹10.6 L/yr
12 years (3 salaries)	₹7 L/yr - ₹9.5 L/yr
13 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
14 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹11 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

Deputy Manager Salary

(3.3k salaries)

₹1.65 L/yr - ₹8 L/yr

Branch Manager Salary

(133 salaries)

₹7.5 L/yr - ₹25.56 L/yr

Team Lead Salary

(82 salaries)

₹1.8 L/yr - ₹9 L/yr

Operations Manager Salary

(39 salaries)

₹2 L/yr - ₹9 L/yr

Team Coach Salary

(6 salaries)

₹2.7 L/yr - ₹4 L/yr

Senior Analyst Salary

(4 salaries)

₹8.51 L/yr - ₹17.9 L/yr

Technical Lead Salary

(3 salaries)

₹33.49 L/yr - ₹34.27 L/yr

Top skills at Kotak Mahindra Bank for Team Manager

OD Communication Skills cc Risk Management Alm Stress Testing Asset Liability Management Market Risk Management

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 10 employees for salary & benefits

Operations Manager in Goregaon

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 06 Nov 2024

1.0

for Salary and Benefits

Likes

There is no work pressure its harmful for your future

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

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

1 participant . expiring in 2w

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Kotak Mahindra Bank Team Manager Salary FAQs

What is the salary of Team Manager at Kotak Mahindra Bank Mumbai?

Team Manager salary at Kotak Mahindra Bank in Mumbai ranges between ₹2.0 Lakhs to ₹11.2 Lakhs for experience between 1 years to 14 years. According to our estimates it is 55% less than the average Team Manager Salary in India. Salary estimates are based on 27 latest salaries received from various employees of Kotak Mahindra Bank Mumbai.

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

The average salary of a Team Manager at Kotak Mahindra Bank is 55% less than the average salary of a Team Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Team Manager at Kotak Mahindra Bank?

OD, Communication Skills, cc, Risk Management and Alm are some of the popular skills required to work as a Team Manager at Kotak Mahindra Bank Mumbai.

Which similar companies are paying more than Kotak Mahindra Bank to a Team Manager in Mumbai?

Bank of America Team Manager Salary - ₹14.6 Lakhs to ₹24.0 Lakhs per year
Standard Chartered Team Manager Salary - ₹6.9 Lakhs to ₹22.0 Lakhs per year
Barclays Team Manager Salary - ₹9.6 Lakhs to ₹13.0 Lakhs per year
ICICI Bank Team Manager Salary - ₹5.0 Lakhs to ₹21.8 Lakhs per year
IDFC FIRST Bank Team Manager Salary - ₹5.0 Lakhs to ₹17.5 Lakhs per year

What is the salary of a Team Manager in companies similar to Kotak Mahindra Bank in Mumbai?

HDFC Bank Team Manager Salary - ₹4.5 Lakhs to ₹15.6 Lakhs per year
Yes Bank Team Manager Salary - ₹4.2 Lakhs to ₹8.5 Lakhs per year
Axis Bank Team Manager Salary - ₹3.1 Lakhs to ₹10.5 Lakhs per year

What is the estimated take home salary of a Team Manager at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Team Manager at Kotak Mahindra Bank ranges between ₹52,482 per month to ₹53,719 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra Bank Team Manager salary in India which ranges between ₹2.0 Lakhs to ₹11.2 Lakhs per year for employees with experience between 1 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Team Manager at Kotak Mahindra Bank in Mumbai?

According to AmbitionBox, 53% of the Kotak Mahindra Bank Team Managers in Mumbai reported a notice period of 3 Months, 47% reported a notice period of 1 Month.This is based on 15 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Team Manager Salaries in Mumbai

Kotak Mahindra Bank Team Manager salary in Mumbai ranges between ₹2 Lakhs to ₹11.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 27 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.