Kotak Mahindra Bank Vice President Procurement Salaries by 3 Employees

18 - 20 years exp.

₹41 Lakhs - ₹41.5 Lakhs

Low Confidence

Salary of majority employees

Fixed (90%)

₹37.1 Lakhs

Variable (10%)

₹4.1 Lakhs

19% less than the average Vice President Procurement Salary in Banking Companies for 18 - 20 years of experience

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Last Updated: 28 Sep 2024

Companies similar to Kotak Mahindra Bank for Vice President Procurement

Company name	Avg Annual Salary	Open Jobs
Rishi FIBC Solutions Vice President Procurement Salary 25 - 27 years exp. (4 salaries)	₹35 L/yr - ₹42 L/yr 7% less
BNY Vice President Procurement Salary 14 - 15 years exp. (3 salaries)	₹32.4 L/yr - ₹41.4 L/yr 13% less
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Havmor Ice Cream Vice President Procurement Salary 25 - 29 years exp. (3 salaries)	₹44 L/yr - ₹61 L/yr 34% more
Varun Beverages Vice President Procurement Salary 18 - 21 years exp. (3 salaries)	₹48 L/yr - ₹75 L/yr 42% more
HIL Limited Vice President Procurement Salary 5 - 32 years exp. (3 salaries)	₹57 L/yr - ₹63 L/yr 46% more

Vice President Procurement salary at Kotak Mahindra Bank ranges between ₹41 Lakhs to ₹41.5 Lakhs per year for employees with experience between 18 years to 20 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Vice President Procurement salaries

Last Updated: 28 Sep 2024

Experience	Avg Annual Salary
15+ years (3 salaries)	₹41 L/yr - ₹41.5 L/yr
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Similar Designation salaries in Kotak Mahindra Bank

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Salary related reviews for Kotak Mahindra Bank

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

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

Skill development - Good

+2 more

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.

Salary - Bad

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.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

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.

Skill development - Good

+1 more

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.

Work satisfaction - Bad

+2 more

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.

Job security - Good

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.

Salary - Poor

+4 more

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Kotak Mahindra Bank Vice President Procurement Salary FAQs

How the salary growth look like for a Vice President Procurement at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
15 years	₹41.0 Lakhs to ₹41.5 Lakhs per year

and so on.

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Kotak Mahindra Bank Vice President Procurement Salaries

Kotak Mahindra Bank Vice President Procurement salary in India ranges between ₹41 Lakhs to ₹41.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.