Kotak Mahindra Prime Area Manager Salaries by 4 Employees

11 - 14 years exp.

₹8.4 Lakhs - ₹12.2 Lakhs

Low Confidence

Salary of majority employees

Fixed (100%)

₹9.7 Lakhs

Variable (0%)

₹0.0

At par with the average Area Manager Salary in NBFC Companies for 11 - 14 years of experience

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Last Updated: 22 Nov 2024

Companies similar to Kotak Mahindra Prime for Area Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Housing Finance Area Manager Salary 6 - 14 years exp. (115 salaries)	₹5.8 L/yr - ₹17.8 L/yr 35% more
LIC Housing Finance Area Manager Salary 5 - 11 years exp. (29 salaries)	₹9 L/yr - ₹25 L/yr 90% more
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Hinduja Leyland Finance Area Manager Salary 5 - 17 years exp. (21 salaries)	₹3.3 L/yr - ₹9.7 L/yr 28% less
Mahindra Rural Housing Finance Area Manager Salary 10 - 17 years exp. (10 salaries)	₹9.3 L/yr - ₹14 L/yr 5% more
Electronica Finance Area Manager Salary 5 - 14 years exp. (9 salaries)	₹5.1 L/yr - ₹10.5 L/yr 25% less
Hero FinCorp Area Manager Salary 1 - 9 years exp. (8 salaries)	₹10.3 L/yr - ₹14 L/yr 19% more
PNB Housing Finance Area Manager Salary 7 - 15 years exp. (8 salaries)	₹8.3 L/yr - ₹11 L/yr 6% more
Sammaan Capital Limited Area Manager Salary 2 - 14 years exp. (7 salaries)	₹3.5 L/yr - ₹13.6 L/yr 20% less
Finova Capital Area Manager Salary 7 - 17 years exp. (6 salaries)	₹5.7 L/yr - ₹10 L/yr 21% less
Aptus Value Housing Finance India Area Manager Salary 7 - 14 years exp. (5 salaries)	₹8.3 L/yr - ₹12 L/yr 4% more
Tata Capital Housing Finance Area Manager Salary 8 - 18 years exp. (5 salaries)	₹12 L/yr - ₹20 L/yr 62% more
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Tyger Capital Area Manager Salary 8 - 15 years exp. (5 salaries)	₹8.2 L/yr - ₹11.3 L/yr 5% more
Shubham Housing Development Finance Area Manager Salary 4 - 21 years exp. (4 salaries)	₹4.5 L/yr - ₹12 L/yr 30% less
India Shelter Finance Corporation Area Manager Salary 4 - 16 years exp. (4 salaries)	₹7 L/yr - ₹14 L/yr At par
Midland Microfin Limited Area Manager Salary 6 - 14 years exp. (4 salaries)	₹3.8 L/yr - ₹5.5 L/yr 55% less
IKF Finance Area Manager Salary 10 - 16 years exp. (4 salaries)	₹7.9 L/yr - ₹10.6 L/yr 9% less
InCred Finance Area Manager Salary 10 - 15 years exp. (4 salaries)	₹8 L/yr - ₹10.5 L/yr 4% less
Light Microfinance Area Manager Salary 6 - 10 years exp. (4 salaries)	₹3.5 L/yr - ₹4.3 L/yr 60% less
Muthoottu Mini Financiers Area Manager Salary 7 - 11 years exp. (4 salaries)	₹3.6 L/yr - ₹5.4 L/yr 57% less
MAS Financial Services Area Manager Salary 8 - 11 years exp. (4 salaries)	₹7.2 L/yr - ₹14.1 L/yr 10% more

View all

Area Manager salary at Kotak Mahindra Prime ranges between ₹8.4 Lakhs to ₹12.2 Lakhs per year for employees with experience between 11 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Prime.

Experience wise Kotak Mahindra Prime Area Manager salaries

Last Updated: 22 Nov 2024

Experience	Avg Annual Salary
11 years (3 salaries)	₹8.4 L/yr - ₹12.2 L/yr
12 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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13 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
14 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹8.9 L/yr

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Salary related reviews for Kotak Mahindra Prime

1.4

Rated by 2 employees for salary & benefits

Deputy Manager in Ajmer

Full Time

Sales & Business Development Department

3.0

• posted on 26 Jul 2024

2.0

for Salary and Benefits

Likes

Job stability, transfers, open door policy.

Job security - Excellent

Dislikes

No Promotion policy is defined or followed. No considerable salary hike. You can be sitting at the same salary forever if you don’t switch. Office politics cannot even be described in words. No bonus.

Salary - Poor

+2 more

Senior Area Sales Manager in Madurai

Full Time

Sales & Business Development Department

4.0

• posted on 30 Dec 2022

3.0

for Salary and Benefits

Likes

Work culture, individual development, ownership, Job security hi level management recognition and appreciation is good.

Skill development - Good

+5 more

Dislikes

Pay level and incentives not match with market but if our performance is good we get all things

Deputy Manager in Goregaon

Other Department

3.0

• posted on 24 Jan 2021

2.0

for Salary and Benefits

Likes

Great company culture. No pay cuts even in pandemic times. Overall great company to work. But the growth prospects is very slow. Yearly appraisals are below expectations.

Job security - Excellent

+2 more

Dislikes

Mid management involved in politics and favourism based on religion.

Salary - Poor

+2 more

Relationship Manager in Nagpur

Finance Department

5.0

• posted on 24 Jan 2020

4.0

for Salary and Benefits

Likes

... and the culture of the company is excellent, teammates and Superiors are very supportive, need to chnge salary structure, appraisal ratings are too good, learning policies are advanced, work environment is excellent, excellent company for work satisfaction and stability,

Salary - Good

+6 more

Dislikes

Salary structure need to be change

Senior Manager in Goregaon

Full Time

Finance & Accounting Department

4.0

• posted on 09 May 2023

3.0

for Salary and Benefits

Likes

There is an open door policy,we can anytime directly interact with management.

Job security - Good

+3 more

Dislikes

The only point i would like to highlight is the company should think about salary structure for employee is very low compared to other banking industry. As per the grade the salary doesn't Match.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Kotak Mahindra Prime Area Manager Salary FAQs

What is the salary of Area Manager at Kotak Mahindra Prime ?

The average salary of a Area Manager at Kotak Mahindra Prime in India typically ranges from ₹8.4 Lakhs to ₹12.2 Lakhs per year, depending on experience (from 11 years to 14 years).

The top 10% of Area Manager at Kotak Mahindra Prime earn more than ₹12.2 Lakhs per year, and the top 1% earn over ₹12.2 Lakhs per year. Area Manager Salaries at Kotak Mahindra Prime 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 4 Kotak Mahindra Prime employees in India.

What is the estimated take home salary of a Area Manager at Kotak Mahindra Prime in India?

The estimated take-home salary of a Area Manager at Kotak Mahindra Prime in India typically ranges from ₹70,368 to ₹72,178 per month. This is based on the average salary range of ₹8.4 Lakhs to ₹12.2 Lakhs per year for employees with experience ranging from 11 years to 14 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 4 salaries received from various employees of Kotak Mahindra Prime. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Prime for Area Manager in India?

LIC Housing Finance	₹9.0 Lakhs to ₹25.0 Lakhs per year
Tata Capital Housing Finance	₹12.0 Lakhs to ₹20.0 Lakhs per year
Bajaj Housing Finance	₹5.8 Lakhs to ₹17.8 Lakhs per year
Hero FinCorp	₹10.3 Lakhs to ₹14.0 Lakhs per year
MAS Financial Services	₹7.2 Lakhs to ₹14.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra Prime, depending on the role and experience level.

What is the salary of a Area Manager in companies similar to Kotak Mahindra Prime in India?

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

PNB Housing Finance	₹8.3 Lakhs to ₹11.0 Lakhs per year
Tyger Capital	₹8.2 Lakhs to ₹11.3 Lakhs per year
Mahindra Rural Housing Finance	₹9.3 Lakhs to ₹14.0 Lakhs per year
Aptus Value Housing Finance India	₹8.3 Lakhs to ₹12.0 Lakhs per year
India Shelter Finance Corporation	₹7.0 Lakhs to ₹14.0 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 Area Manager at Kotak Mahindra Prime in India?

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

Experience	Average Salary Range
11 years	₹8.4 Lakhs to ₹12.2 Lakhs per year
12 years	₹9.0 Lakhs to ₹11.5 Lakhs per year
13 years	₹8.5 Lakhs to ₹10.9 Lakhs per year
14 years	₹8.9 Lakhs to ₹8.9 Lakhs per year

and so on.

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Kotak Mahindra Prime Area Manager Salaries

Kotak Mahindra Prime Area Manager salary in India ranges between ₹8.4 Lakhs to ₹12.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Prime latest salaries received from various employees of Kotak Mahindra Prime.