Kotak Mahindra Bank Mumbai Vice President Sales Salaries by 10+ Employees

10 - 18 years exp.

₹26 Lakhs - ₹43 Lakhs

Avg. annual salary

Monthly In-hand Salary

28% less than the average Vice President Sales Salary in Banking Companies for 10 - 18 years of experience

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Salaries in different departments

Sales & Business Development Vice President Sales Salary 13 - 16 years exp. (5 salaries)	₹30 L/yr - ₹34 L/yr
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BFSI, Investments & Trading Vice President Sales Salary 15 years exp. (AmbitionBox Estimate)	₹28.8 L/yr - ₹30.3 L/yr

Last Updated: 20 Apr 2024

Companies similar to Kotak Mahindra Bank for Vice President Sales in Mumbai

Kotak Mahindra Bank Vice President Sales Salary

10 - 18 years exp. (11 salaries)

₹26 L/yr - ₹43 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Bank Vice President Sales Salary 13 - 21 years exp. (5 salaries)	₹34 L/yr - ₹41 L/yr 16% more
Yes Bank Vice President Sales Salary 11 - 17 years exp. (3 salaries)	₹20.5 L/yr - ₹25.8 L/yr 32% less
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HDFC Bank Vice President Sales Salary 15 - 20 years exp. (3 salaries)	₹39.5 L/yr - ₹50.5 L/yr 45% more
IDFC FIRST Bank Vice President Sales Salary 8 - 12 years exp. (3 salaries)	₹26.6 L/yr - ₹37.7 L/yr 16% more
Jana Small Finance Bank Vice President Sales Salary 17 - 18 years exp. (3 salaries)	₹17 L/yr - ₹30 L/yr 19% less

Vice President Sales salary at Kotak Mahindra Bank ranges between ₹26 Lakhs to ₹43 Lakhs per year for employees with experience between 10 years to 18 years. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Vice President Sales salaries in Mumbai

Last Updated: 20 Apr 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹29.6 L/yr - ₹37.8 L/yr
11 years (AmbitionBox Estimate)	₹29.4 L/yr - ₹37.6 L/yr
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12 years (AmbitionBox Estimate)	₹29.2 L/yr - ₹37.3 L/yr
13 years (AmbitionBox Estimate)	₹29 L/yr - ₹37.1 L/yr
14 years (AmbitionBox Estimate)	₹28.8 L/yr - ₹36.8 L/yr
15+ years (6 salaries)	₹26 L/yr - ₹34 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Associate Vice President Salary

(730 salaries)

₹9.7 L/yr - ₹36.9 L/yr

Assistant Vice President Salary

(137 salaries)

₹11.29 L/yr - ₹40 L/yr

Sales Manager Salary

(133 salaries)

₹1.8 L/yr - ₹10.7 L/yr

Senior Vice President Salary

(94 salaries)

₹30 L/yr - ₹80 L/yr

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

Associate Vice President in Mumbai

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 25 Feb 2023

4.0

for Salary and Benefits

Likes

Kotak has good work life balance. Salary benefits are also good. There is terrible on job learning and very slow decision making by management!!

Salary - Good

+3 more

Dislikes

1.Extremely slow decision making. 2. Accountability of deliverables

Skill development - Bad

+1 more

Assistant Vice President

Procurement & Supply Chain Department

4.0

• posted on 03 Feb 2018

3.0

for Salary and Benefits

Likes

1)Adopts latest technology. 2)complaints handling is good,especially in internal audit.

Skill development - Good

Dislikes

...m area managers for insurance business and no proper support to bank managers. 3)More work ,less salary packages . 4)so Many windows for loans and advances which leads to customer dissatisfaction. 5)daily 3-4 conference calls,which effects customer service.

Relationship Officer in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 24 Mar 2025

2.0

for Salary and Benefits

Likes

On time salary

Skill development - Good

Dislikes

Worst work culture, even 2nd Saturday and 4th Saturday also working day.and if anyone not reached daily sales target reporting manager is putting LOP and high work pressure and paying low salaries.and not not given any leaves

Salary - Poor

+4 more

see more salary related reviews

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What people are saying about Kotak Mahindra Bank

View All

a manager

Ambiguity in JOB offer.

I recently changed my Job as Business Manager with Arka Fincap, but some how I also selected as BM(Branch manager) with HDB financial and Varthana finance. I am very confused, to what I will do. CTC would be same approximately. Suggest me right decision with reason... 1. I can continue with Arka Fincap. 2. Will join HDB financial as BM. 3. Will join Varthana finance as BM. Your feedback will be appreciated.

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Kotak Mahindra Bank Vice President Sales Salary FAQs

What is the salary of Vice President Sales at Kotak Mahindra Bank in Mumbai?

The average salary of a Vice President Sales at Kotak Mahindra Bank in Mumbai typically ranges from ₹26.0 Lakhs to ₹43.0 Lakhs per year, depending on experience (from 10 years to 18 years).

The top 10% of Vice President Sales in Mumbai at Kotak Mahindra Bank earn more than ₹39.4 Lakhs per year, and the top 1% earn over ₹43.0 Lakhs per year. Vice President Sales 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 Vice President Sales at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Vice President Sales at Kotak Mahindra Bank in Mumbai typically ranges from ₹1,93,672 to ₹2,01,292 per month. This is based on the average salary range of ₹26.0 Lakhs to ₹43.0 Lakhs per year for employees with experience ranging from 10 years to 18 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 Vice President Sales in India?

HDFC Bank	₹39.5 Lakhs to ₹50.5 Lakhs per year
IDFC FIRST Bank	₹26.6 Lakhs to ₹37.7 Lakhs per year
Axis Bank	₹34.0 Lakhs to ₹41.0 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 Vice President Sales in companies similar to Kotak Mahindra Bank in Mumbai?

The salary of a Vice President Sales at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Jana Small Finance Bank	₹17.0 Lakhs to ₹30.0 Lakhs per year
Yes Bank	₹20.5 Lakhs to ₹25.8 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 Vice President Sales at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
10 years	₹29.6 Lakhs to ₹37.8 Lakhs per year
11 years	₹29.4 Lakhs to ₹37.6 Lakhs per year
12 years	₹29.2 Lakhs to ₹37.3 Lakhs per year
13 years	₹29.0 Lakhs to ₹37.1 Lakhs per year

and so on.

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Kotak Mahindra Bank Vice President Sales Salaries in Mumbai

Kotak Mahindra Bank Vice President Sales salary in Mumbai ranges between ₹26 Lakhs to ₹43 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.