Kotak Mahindra Prime Cluster Manager Collection Salaries by 5 Employees (Updated 2024)

0 - 12 years exp.

₹7 Lakhs - ₹7.5 Lakhs

Low Confidence

Salary of majority employees

28% less than the average Cluster Manager Collection Salary in NBFC Companies for 0 - 12 years of experience

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Salaries in different departments

Risk Management & Compliance Cluster Manager Collection Salary 0 - 11 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.3 L/yr
Marketing & Communication Cluster Manager Collection Salary 6 years exp. (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.1 L/yr
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Administration & Facilities Cluster Manager Collection Salary 12 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.7 L/yr

Last Updated: 19 Sep 2024

Companies similar to Kotak Mahindra Prime for Cluster Manager Collection

Company name	Avg Annual Salary	Open Jobs
Bajaj Finance Cluster Manager Collection Salary 7 - 18 years exp. (14 salaries)	₹10.6 L/yr - ₹18 L/yr 108% more
Tata Capital Cluster Manager Collection Salary 15 - 22 years exp. (4 salaries)	₹11 L/yr - ₹12.5 L/yr 63% more
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Hero FinCorp Cluster Manager Collection Salary 11 - 16 years exp. (8 salaries)	₹7.6 L/yr - ₹16 L/yr 77% more
Shubham Housing Development Finance Cluster Manager Collection Salary 5 - 10 years exp. (6 salaries)	₹3.8 L/yr - ₹5.4 L/yr 37% less
Vistaar Finance Cluster Manager Collection Salary 3 - 12 years exp. (4 salaries)	₹4.6 L/yr - ₹5.5 L/yr 32% less
Kogta Financial India Limited Cluster Manager Collection Salary 10 - 18 years exp. (4 salaries)	₹5.6 L/yr - ₹10.5 L/yr 11% more
Hinduja Leyland Finance Cluster Manager Collection Salary 9 - 13 years exp. (4 salaries)	₹7.8 L/yr - ₹10.5 L/yr 27% more
Tata Capital Housing Finance Cluster Manager Collection Salary 8 - 18 years exp. (3 salaries)	₹10.5 L/yr - ₹15 L/yr 64% more

Cluster Manager Collection salary at Kotak Mahindra Prime ranges between ₹7 Lakhs to ₹7.5 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Prime.

Experience wise Kotak Mahindra Prime Cluster Manager Collection salaries

Last Updated: 19 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹7.5 L/yr - ₹7.5 L/yr
1 year (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
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2 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
3 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
4 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
5 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
6 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹13.4 L/yr
7 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.5 L/yr
8 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.5 L/yr
9 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹7.5 L/yr
10 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
11 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹7.5 L/yr
12 years (AmbitionBox Estimate)	₹7 L/yr - ₹13.1 L/yr

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Similar Designation salaries in Kotak Mahindra Prime

Cluster Manager Salary

(18 salaries)

₹6.5 L/yr - ₹11.5 L/yr

Deputy Manager Grade 2 Salary

(18 salaries)

₹3.8 L/yr - ₹5.6 L/yr

Recovery Manager Salary

(3 salaries)

₹3.6 L/yr - ₹4.2 L/yr

Debt Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Area Manager Salary

(4 salaries)

₹8.35 L/yr - ₹12.15 L/yr

Deputy Manager Salary

(258 salaries)

₹3 L/yr - ₹7.5 L/yr

Branch Manager Salary

(6 salaries)

₹6.5 L/yr - ₹8.62 L/yr

Agency Manager Salary

(AmbitionBox Estimate)

₹3.5 L/yr - ₹4.5 L/yr

Collections Manager Salary

(124 salaries)

₹2.25 L/yr - ₹8.05 L/yr

Senior Area Collection Manager Salary

(5 salaries)

₹8.8 L/yr - ₹13.4 L/yr

Salary related reviews for Kotak Mahindra Prime

1.0

Rated by 1 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.

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.

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.

Dislikes

Mid management involved in politics and favourism based on religion.

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,

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.

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.

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.

Dislikes

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Kotak Mahindra Prime Cluster Manager Collection Salary FAQs

What is the salary of Cluster Manager Collection at Kotak Mahindra Prime?

Cluster Manager Collection salary at Kotak Mahindra Prime in India ranges between ₹7.0 Lakhs to ₹7.5 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 28% less than the average Cluster Manager Collection Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra Prime India.

How does the salary of a Cluster Manager Collection at Kotak Mahindra Prime India compare with the average salary range for this job?

The average salary of a Cluster Manager Collection at Kotak Mahindra Prime is 28% less than the average salary of a Cluster Manager Collection in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Prime to a Cluster Manager Collection in India?

Bajaj Finance Cluster Manager Collection Salary - ₹10.6 Lakhs to ₹18.0 Lakhs per year
Hero FinCorp Cluster Manager Collection Salary - ₹7.6 Lakhs to ₹16.0 Lakhs per year
Tata Capital Housing Finance Cluster Manager Collection Salary - ₹10.5 Lakhs to ₹15.0 Lakhs per year
Tata Capital Cluster Manager Collection Salary - ₹11.0 Lakhs to ₹12.5 Lakhs per year
Hinduja Leyland Finance Cluster Manager Collection Salary - ₹7.8 Lakhs to ₹10.5 Lakhs per year

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

Kogta Financial India Limited Cluster Manager Collection Salary - ₹5.6 Lakhs to ₹10.5 Lakhs per year
Vistaar Finance Cluster Manager Collection Salary - ₹4.6 Lakhs to ₹5.5 Lakhs per year
Shubham Housing Development Finance Cluster Manager Collection Salary - ₹3.8 Lakhs to ₹5.4 Lakhs per year

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

The estimated take-home salary of a Cluster Manager Collection at Kotak Mahindra Prime ranges between ₹55,156 per month to ₹56,535 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Prime Cluster Manager Collection salary in India which ranges between ₹7.0 Lakhs to ₹7.5 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager Collection at Kotak Mahindra Prime?

According to AmbitionBox, 60% of the Kotak Mahindra Prime Cluster Manager Collections reported a notice period of 1 Month, 40% reported a notice period of 3 Months.This is based on 5 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Prime Cluster Manager Collection Salaries

Kotak Mahindra Prime Cluster Manager Collection salary in India ranges between ₹7 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra Prime latest salaries received from various employees of Kotak Mahindra Prime.