Kotak Mahindra Prime Collection Associate Salaries by 2 Employees

4 - 5 years exp.

₹2.4 Lakhs - ₹3.1 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

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Last Updated: 4 Mar 2024

Companies similar to Kotak Mahindra Prime for Collection Associate

Company name	Avg Annual Salary	Open Jobs
Home Credit Finance Collection Associate Salary 1 - 7 years exp. (32 salaries)	₹1.4 L/yr - ₹3.5 L/yr 10% less
Hero FinCorp Collection Associate Salary 1 - 17 years exp. (10 salaries)	₹4.5 L/yr - ₹8 L/yr 148% more
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IKF Finance Collection Associate Salary 1 - 9 years exp. (5 salaries)	₹3 L/yr - ₹3.2 L/yr 10% more
PNB Housing Finance Collection Associate Salary 4 - 10 years exp. (4 salaries)	₹3 L/yr - ₹3.4 L/yr 18% more
InCred Finance Collection Associate Salary 4 - 6 years exp. (4 salaries)	₹3 L/yr - ₹5.5 L/yr 20% more
Hinduja Leyland Finance Collection Associate Salary 1 - 6 years exp. (4 salaries)	₹2.2 L/yr - ₹3 L/yr 10% less
Mahindra Rural Housing Finance Collection Associate Salary 2 - 6 years exp. (3 salaries)	₹1.6 L/yr - ₹2.4 L/yr 25% less

Collection Associate salary at Kotak Mahindra Prime ranges between ₹2.4 Lakhs to ₹3.1 Lakhs per year for employees with experience between 4 years to 5 years. Salary estimates are based on 2 latest salaries received from various employees of Kotak Mahindra Prime.

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Salary related reviews for Kotak Mahindra Prime

2.2

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

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.

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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Kotak Mahindra Prime Collection Associate Salary FAQs

How the salary growth look like for a Collection Associate at Kotak Mahindra Prime in India?

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

Experience	Average Salary Range
4 years	₹2.7 Lakhs to ₹4.8 Lakhs per year
5 years	₹2.7 Lakhs to ₹4.8 Lakhs per year

and so on.

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Kotak Mahindra Prime Collection Associate Salaries

Kotak Mahindra Prime Collection Associate salary in India ranges between ₹2.4 Lakhs to ₹3.1 Lakhs. This is an estimate based on latest salaries received from employees of Kotak Mahindra Prime.