Kotak Mahindra Bank Wealth Manager Salaries by 10+ Employees (Updated 2025)

2 - 11 years exp.

₹5.5 Lakhs - ₹13 Lakhs

Salary of majority employees

12% more than the average Wealth Manager Salary in Banking Companies for 2 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Wealth Manager Salary 2 - 11 years exp. (9 salaries)	₹5.5 L/yr - ₹13 L/yr
Construction & Site Engineering Wealth Manager Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹11 L/yr
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Sales & Business Development Wealth Manager Salary 3 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹10.5 L/yr

Last Updated: 17 Mar 2025

Companies similar to Kotak Mahindra Bank for Wealth Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Wealth Manager Salary 0 - 13 years exp. (974 salaries)	₹3.5 L/yr - ₹12.4 L/yr 2% less
Bank of Baroda Wealth Manager Salary 4 - 9 years exp. (75 salaries)	₹4.2 L/yr - ₹13 L/yr 6% less
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IDFC FIRST Bank Wealth Manager Salary 0 - 10 years exp. (52 salaries)	₹6 L/yr - ₹14.9 L/yr 7% more
HDFC Bank Wealth Manager Salary 0 - 3 years exp. (42 salaries)	₹7.5 L/yr - ₹23 L/yr 63% more
IndusInd Bank Wealth Manager Salary 5 - 16 years exp. (38 salaries)	₹7 L/yr - ₹22.1 L/yr 64% more
Yes Bank Wealth Manager Salary 2 - 14 years exp. (19 salaries)	₹5.5 L/yr - ₹14.4 L/yr 31% more
Axis Bank Wealth Manager Salary 3 - 11 years exp. (20 salaries)	₹7.5 L/yr - ₹13.5 L/yr 17% more
Federal Bank Wealth Manager Salary 8 - 10 years exp. (4 salaries)	₹18 L/yr - ₹20 L/yr 128% more
RBL Bank Wealth Manager Salary 7 - 9 years exp. (3 salaries)	₹10 L/yr - ₹10.4 L/yr 22% more

Wealth Manager salary at Kotak Mahindra Bank ranges between ₹5.5 Lakhs to ₹13 Lakhs per year for employees with experience between 2 years to 11 years. Salary estimates are based on 16 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Wealth Manager salaries

Last Updated: 17 Mar 2025

Experience	Avg Annual Salary
2 years (3 salaries)	₹5.5 L/yr - ₹14.3 L/yr
3 years (3 salaries)	₹6 L/yr - ₹10.5 L/yr
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4 years (AmbitionBox Estimate)	₹8 L/yr - ₹14.6 L/yr
5 years (AmbitionBox Estimate)	₹6 L/yr - ₹14.7 L/yr
6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹12 L/yr
7 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
8 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹13 L/yr
9 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹15.3 L/yr
10 years (3 salaries)	₹6.8 L/yr - ₹11 L/yr
11 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹15.6 L/yr

View all

Similar Designation salaries in Kotak Mahindra Bank

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(1k salaries)

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Deputy Manager Salary

(11.3k salaries)

₹1.65 L/yr - ₹8.5 L/yr

Sales Manager Salary

(868 salaries)

₹2.04 L/yr - ₹10 L/yr

Area Manager Salary

(95 salaries)

₹7 L/yr - ₹26.6 L/yr

Chief Manager Salary

(814 salaries)

₹8.95 L/yr - ₹30.8 L/yr

Senior Wealth Manager Salary

(4 salaries)

₹13 L/yr - ₹17 L/yr

Private Banker Salary

(5 salaries)

₹18 L/yr - ₹44.74 L/yr

Relationship Manager Salary

(2.3k salaries)

₹1.5 L/yr - ₹10 L/yr

Branch Head Salary

(276 salaries)

₹7.9 L/yr - ₹25 L/yr

Branch Sales Manager Salary

(442 salaries)

₹3 L/yr - ₹11.3 L/yr

Salary related reviews for Kotak Mahindra Bank

3.0

Rated by 1 employees for salary & benefits

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Salary - Good

+1 more

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Skill development - Bad

+3 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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What people are saying about Kotak Mahindra Bank

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Kotak Mahindra Bank Wealth Manager Salary FAQs

What is the salary of Wealth Manager at Kotak Mahindra Bank ?

The average salary of a Wealth Manager at Kotak Mahindra Bank in India typically ranges from ₹5.5 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 2 years to 11 years).

The top 10% of Wealth Manager at Kotak Mahindra Bank earn more than ₹11.9 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Wealth Manager 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 Wealth Manager at Kotak Mahindra Bank in India?

The estimated take-home salary of a Wealth Manager at Kotak Mahindra Bank in India typically ranges from ₹60,819 to ₹62,359 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 2 years to 11 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 Wealth Manager in India?

Federal Bank	₹18.0 Lakhs to ₹20.0 Lakhs per year
IndusInd Bank	₹7.0 Lakhs to ₹22.1 Lakhs per year
HDFC Bank	₹7.5 Lakhs to ₹23.0 Lakhs per year
Yes Bank	₹5.5 Lakhs to ₹14.4 Lakhs per year
RBL Bank	₹10.0 Lakhs to ₹10.4 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 Wealth Manager in companies similar to Kotak Mahindra Bank in India?

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

Axis Bank	₹7.5 Lakhs to ₹13.5 Lakhs per year
IDFC FIRST Bank	₹6.0 Lakhs to ₹14.9 Lakhs per year
ICICI Bank	₹3.5 Lakhs to ₹12.4 Lakhs per year
Bank of Baroda	₹4.2 Lakhs to ₹13.0 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 Wealth Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
2 years	₹5.5 Lakhs to ₹14.3 Lakhs per year
3 years	₹6.0 Lakhs to ₹10.5 Lakhs per year
4 years	₹8.0 Lakhs to ₹14.6 Lakhs per year
5 years	₹6.0 Lakhs to ₹14.7 Lakhs per year

and so on.

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Kotak Mahindra Bank Wealth Manager Salaries by Location

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Kotak Mahindra Bank Wealth Manager Salaries

Kotak Mahindra Bank Wealth Manager salary in India ranges between ₹5.5 Lakhs to ₹13 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.

Kotak Mahindra Bank Wealth Manager salaries in India (Updated 2025)

Companies similar to Kotak Mahindra Bank for Wealth Manager

Latest annual salaries shared by Kotak Mahindra Bank Wealth Manager

Experience wise Kotak Mahindra Bank Wealth Manager salaries

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Branch Relationship Manager in Kolkata

Assistant Vice President in Ernakulam

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Kotak Mahindra Bank Wealth Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindra Bank Wealth Manager Salaries by Location