Kotak Securities Mumbai Suburban Assistant Manager Salaries by 60+ Employees (Updated 2025)

0 - 6 years exp.

₹1.8 Lakh - ₹4.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

54% less than the average Assistant Manager Salary in Financial Services Companies for 0 - 6 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 0 - 4 years exp. (23 salaries)	₹2.4 L/yr - ₹3.7 L/yr
Customer Success, Service & Operations Assistant Manager Salary 0 - 6 years exp. (14 salaries)	₹2.3 L/yr - ₹4.5 L/yr
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Finance & Accounting Assistant Manager Salary 0 - 5 years exp. (10 salaries)	₹2.4 L/yr - ₹4.2 L/yr
Sales & Business Development Assistant Manager Salary 1 - 5 years exp. (6 salaries)	₹2.5 L/yr - ₹3.5 L/yr

Last Updated: 19 Feb 2025

Companies similar to Kotak Securities for Assistant Manager in Mumbai Suburban

Kotak Securities Assistant Manager Salary

0 - 6 years exp. (62 salaries)

₹1.8 L/yr - ₹4.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Sharekhan Assistant Manager Salary 1 - 11 years exp. (9 salaries)	₹3.8 L/yr - ₹7.6 L/yr 51% more
Axis Direct Assistant Manager Salary 5 - 7 years exp. (3 salaries)	₹5.5 L/yr - ₹6.7 L/yr 75% more
Login to view exact salary
Kotak Mahindara Life Insurance Assistant Manager Salary 0 - 7 years exp. (46 salaries)	₹2.3 L/yr - ₹4.1 L/yr 7% more	1 job opening
Nomura Holdings Assistant Manager Salary 5 - 11 years exp. (17 salaries)	₹7.6 L/yr - ₹17 L/yr 301% more
ICICI Securities Assistant Manager Salary 0 - 8 years exp. (16 salaries)	₹3.3 L/yr - ₹5.5 L/yr 37% more

Assistant Manager salary at Kotak Securities ranges between ₹1.8 Lakh to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 62 latest salaries received from various employees of Kotak Securities.

Latest annual salaries shared by Kotak Securities Assistant Manager in Mumbai Suburban

1mo ago

₹4.2 Lakhs

5 years exp.

1mo ago

₹3.3 Lakhs

2 years exp.

2mo ago

₹3.3 Lakhs

3 years exp.

2mo ago

₹4.2 Lakhs

3 years exp.

4mo ago

₹3.3 Lakhs

2 years exp.

6mo ago

1 year exp.

7mo ago

1 year exp.

8mo ago

4 years exp.

9mo ago

4 years exp.

9mo ago

1 year exp.

Experience wise Kotak Securities Assistant Manager salaries in Mumbai Suburban

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
Fresher (7 salaries)	₹1.8 L/yr - ₹3.3 L/yr
1 year (12 salaries)	₹2.3 L/yr - ₹3.8 L/yr
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2 years (20 salaries)	₹2.4 L/yr - ₹3.7 L/yr
3 years (12 salaries)	₹2.3 L/yr - ₹4.5 L/yr
4 years (7 salaries)	₹3 L/yr - ₹4.5 L/yr
5 years (3 salaries)	₹3.4 L/yr - ₹4.2 L/yr
6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr

View all

From

Assistant Manager

₹

Lakhs/yr

0 - 7 years exp.

Branch Manager

₹

Lakhs/yr

8 - 19 years exp.

Assistant Manager 0 - 7 years exp.

Deputy Manager 0 - 11 years exp.

35% hike

Branch Manager 8 - 19 years exp.

58% hike

From

View 4 more levels

Assistant Manager

0 - 7 years exp.

Deputy Vice President

10 - 18 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Securities

Deputy Manager Salary

(39 salaries)

₹2.6 L/yr - ₹6 L/yr

Team Manager Salary

(3 salaries)

₹5.8 L/yr - ₹9 L/yr

Top skills at Kotak Securities for Assistant Manager

demat Sales Channel Sales Casa Direct Sales

Salary related reviews for Kotak Securities

Assistant Manager in Mumbai

Full Time

Marketing & Communication Department

1.0

• posted on 19 Feb 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Worst organisation neither they help you in skill development nor they will provide you salary increment. No matter how hard you work they will simply promote And also increase salary of only their favourite employee Full biased work culture. They will fully torture you and will set unrealistic targets and will force you to sit for 12hours a day plus no leave you can get even if you are unhealthy and showing all your reports from hospital they have no humanity and simpathy.TL have all the right according to manamgemt even if they are wrong..HR and all will support them only.. Manager..HR..VP no one will help you despite they will threat you and laugh at you when you will try to get help from them.. Plus promotion is bais so all those who are on top Position except assistant manager they have no knowledge about system plus no management skills they hold they will simply let you suffer due to their dumb decisions.This is the most pathetic job.Trust me i would not recommend anyone join Kotak securities. Before joining think thousand times it could be your Worst choice. I have wasted my time their with no increment and promotion even after being the most deserving employee.

Salary - Bad

+6 more

Assistant Manager in Pune

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 Jul 2023

1.0

for Salary and Benefits

Likes

If you want to do hell with your career you can definitely join the firm

Dislikes

Work culture 0/5 Salary 0/5 Environment 0/5 System and software 0/5 Work life balance 0/5 Job security 0/5 If you join your manager will treat like his slave and your hr will be your managers puppet.

Salary - Bad

+6 more

Assistant Manager in Mumbai

Full Time

Other Department

2.0

• posted on 14 May 2023

1.0

for Salary and Benefits

Likes

There is no pressure working in Kotak securities

Job security - Good

Dislikes

If you’re looking for a good salary hike and good promotion or benefits then you shouldn't join here this is my working experience for the previous 2 and a half years

Salary - Bad

+1 more

Assistant Manager in Hyderabad / Secunderabad

Full Time

Risk Management & Compliance Department

3.0

• posted on 30 May 2022

1.0

for Salary and Benefits

Likes

...rk environment and culture. Teammates are supportive. Company policies are good. They give good salary hikes and bonus every year.

Skill development - Good

+1 more

Dislikes

On the job training is not given to new joinees. There is a lot of politics.

Salary - Bad

Assistant Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 21 Jun 2023

3.0

for Salary and Benefits

Likes

Kotak securities is a great place to work, lot of learning and good management which helps you to work efficiently and grow. On good performance, you can easily get promoted to different departments.

Skill development - Excellent

+5 more

Dislikes

Average salary.

see more salary related reviews

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Top trending discussions

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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 Securities Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Kotak Securities in Mumbai Suburban?

The average salary of a Assistant Manager at Kotak Securities in Mumbai Suburban typically ranges from ₹1.8 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Assistant Manager in Mumbai Suburban at Kotak Securities earn more than ₹3.8 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Assistant Manager Salaries at Kotak Securities 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 60+ Kotak Securities employees in India.

What is the estimated take home salary of a Assistant Manager at Kotak Securities in Mumbai Suburban?

The estimated take-home salary of a Assistant Manager at Kotak Securities in Mumbai Suburban typically ranges from ₹24,972 to ₹26,411 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 6 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 60+ salaries received from various employees of Kotak Securities. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Assistant Manager at Kotak Securities in Mumbai Suburban?

To be a Assistant Manager at Kotak Securities in Mumbai Suburban, the key skills required include:

- demat
- Sales
- Channel Sales
- Casa
- Direct Sales

These skills are highly valued at Kotak Securities and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Securities for Assistant Manager in India?

Nomura Holdings	₹7.6 Lakhs to ₹17.0 Lakhs per year
Axis Direct	₹5.5 Lakhs to ₹6.7 Lakhs per year
Sharekhan	₹3.8 Lakhs to ₹7.6 Lakhs per year
ICICI Securities	₹3.3 Lakhs to ₹5.5 Lakhs per year
Kotak Mahindara Life Insurance	₹2.3 Lakhs to ₹4.1 Lakhs per year

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

How the salary growth look like for a Assistant Manager at Kotak Securities in Mumbai Suburban?

The salary growth for a Assistant Manager at Kotak Securities in Mumbai Suburban depends on factors such as experience, performance, and promotions. On average, a Assistant Manager in Mumbai Suburban can expect the following growth trajectory at Kotak Securities:

Experience	Average Salary Range
Fresher	₹1.8 Lakhs to ₹3.3 Lakhs per year
1 year	₹2.3 Lakhs to ₹3.8 Lakhs per year
2 years	₹2.4 Lakhs to ₹3.7 Lakhs per year
3 years	₹2.3 Lakhs to ₹4.5 Lakhs per year

and so on.

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Kotak Securities Assistant Manager Salaries in Mumbai Suburban

Kotak Securities Assistant Manager salary in Mumbai Suburban ranges between ₹1.8 Lakh to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 62 Kotak Securities latest salaries received from various employees of Kotak Securities.