Kotak Securities Mumbai Cluster Manager Salaries by 6 Employees (Updated 2025)

8 - 12 years exp.

₹3.9 Lakhs - ₹6 Lakhs

Salary of majority employees

46% less than the average Cluster Manager Salary in Financial Services Companies for 8 - 12 years of experience

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Salaries in different departments

Sales & Business Development Cluster Manager Salary 9 - 12 years exp. (3 salaries)	₹4.8 L/yr - ₹6 L/yr
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BFSI, Investments & Trading Cluster Manager Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹5.3 L/yr

Last Updated: 14 Aug 2023

Companies similar to Kotak Securities for Cluster Manager in Mumbai

Kotak Securities Cluster Manager Salary

8 - 12 years exp. (6 salaries)

₹3.9 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Securities Cluster Manager Salary 11 - 14 years exp. (4 salaries)	₹12 L/yr - ₹12.1 L/yr 120% more
Axis Direct Cluster Manager Salary 0 - 10 years exp. (26 salaries)	₹3.1 L/yr - ₹5 L/yr 29% less
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Motilal Oswal Financial Services Cluster Manager Salary 6 - 13 years exp. (5 salaries)	₹7.5 L/yr - ₹10.8 L/yr 90% more	1 job opening
Reliance Retail Cluster Manager Salary 9 - 20 years exp. (39 salaries)	₹6.3 L/yr - ₹17 L/yr 141% more
Aditya Birla Sun Life Insurance Cluster Manager Salary 1 - 13 years exp. (32 salaries)	₹6.8 L/yr - ₹14 L/yr 84% more

Cluster Manager salary at Kotak Securities ranges between ₹3.9 Lakhs to ₹6 Lakhs per year for employees with experience between 8 years to 12 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Securities.

Experience wise Kotak Securities Cluster Manager salaries in Mumbai

Last Updated: 14 Aug 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹9.8 L/yr
9 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹6 L/yr
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10 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹9.8 L/yr
11 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹9.9 L/yr
12 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹5.8 L/yr

From

Cluster Manager

8 - 12 years exp.

Territory Head

10 - 19 years exp.

From

Cluster Manager

8 - 12 years exp.

Territory Manager

10 - 19 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

(517 salaries)

₹2.2 L/yr - ₹7.59 L/yr

Relationship Manager Salary

(28 salaries)

₹1.55 L/yr - ₹4.5 L/yr

Branch Manager Salary

(10 salaries)

₹5 L/yr - ₹10.07 L/yr

Cluster Head Salary

(9 salaries)

₹5.35 L/yr - ₹8.7 L/yr

Territory Manager Salary

(4 salaries)

₹8 L/yr - ₹12.9 L/yr

Top skills at Kotak Securities for Cluster Manager

Sales Team Handling Channel Sales Client Acquisition Distributor Handling Key Account Management channel management Bancassurance Team Management Client Relationship Management Distribution Management Equity banca banca sales Distributor Handling

Salary related reviews for Kotak Securities

3.5

Rated by 2 employees for salary & benefits

Deputy Manager in Guwahati

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 14 Jun 2024

1.0

for Salary and Benefits

Likes

Salary on time and Saturday off

Dislikes

Vary bad work culture no any support from senior Specially cannot work with this Stupid Rohit Mahipal very worst fellow and because of him many employee resigned from KS even BM,Cluster Head, state Head etc. Really where he worked he made all office empty so don't work with him and later joined Chinmoy Sharma he is very oiling person to senior even bad bad performance from previous company but he joined here coz of reference stupid Rohit Mahipal.

Salary - Bad

+6 more

Deputy Manager in Surat

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 12 Apr 2024

4.0

for Salary and Benefits

Likes

Salary is on time A fixed Fuel reimbursement is passed without hassle Good learning experience

Salary - Good

+2 more

Dislikes

There is very high pressure and toxic work environment Unrealistic expectations are set by the managers on a daily basis Managers don’t approve leaves easily There is no real training program and very little support from operations end

Company culture - Bad

+1 more

Deputy Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 31 May 2023

1.0

for Salary and Benefits

Likes

During COVID pandemic company don't stop salary.

Dislikes

...y disappointed. HR BEHAVIOUR IS VERY BAD. HR is manipulated by Management. Not even salary hike 😕

Salary - Bad

+6 more

Deputy Manager in Mumbai

Intern

Risk Management & Compliance Department

3.0

• posted on 08 Dec 2024

2.0

for Salary and Benefits

Likes

job timings are good

Dislikes

as per the name not getting gud salary hike, you are not able to get leave when you required and not even getting leave encashment it is got lapse if you are not utilising for that year. for silly reason they are not promoted you and not even gettting hike and bonus for one year so much disappointment for this.

Salary - Poor

+5 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 19 Dec 2023

1.0

for Salary and Benefits

Likes

nothing

Dislikes

...ee & care & safety, not client problem solving supporting by senior management, not rise salary continues 3 years. high target pressure. manager not working and not listen and only politics. manager always partiality his favorite person (spy)

Salary - Bad

+5 more

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Salary Discussions, Hike & Promotions

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Kotak Securities Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Kotak Securities Mumbai?

Cluster Manager salary at Kotak Securities in Mumbai ranges between ₹3.9 Lakhs to ₹6.0 Lakhs for experience between 8 years to 12 years. According to our estimates it is 46% less than the average Cluster Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Securities Mumbai.

How does the salary of a Cluster Manager at Kotak Securities Mumbai compare with the average salary range for this job?

The average salary of a Cluster Manager at Kotak Securities is 46% less than the average salary of a Cluster Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Manager at Kotak Securities?

Sales, Team Handling, Channel Sales, Client Acquisition and Distributor Handling are some of the popular skills required to work as a Cluster Manager at Kotak Securities Mumbai.

Which similar companies are paying more than Kotak Securities to a Cluster Manager in Mumbai?

Reliance Retail Cluster Manager Salary - ₹6.3 Lakhs to ₹17.0 Lakhs per year
ICICI Securities Cluster Manager Salary - ₹12.0 Lakhs to ₹12.1 Lakhs per year
Motilal Oswal Financial Services Cluster Manager Salary - ₹7.5 Lakhs to ₹10.8 Lakhs per year
Aditya Birla Sun Life Insurance Cluster Manager Salary - ₹6.8 Lakhs to ₹14.0 Lakhs per year

What is the salary of a Cluster Manager in companies similar to Kotak Securities in Mumbai?

Axis Direct Cluster Manager Salary - ₹3.1 Lakhs to ₹5.0 Lakhs per year

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

The estimated take-home salary of a Cluster Manager at Kotak Securities ranges between ₹41,269 per month to ₹42,415 per month in Mumbai. The take-home salary calculation is based on the average Kotak Securities Cluster Manager salary in India which ranges between ₹3.9 Lakhs to ₹6.0 Lakhs per year for employees with experience between 8 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at Kotak Securities in Mumbai?

According to AmbitionBox, 50% of the Kotak Securities Cluster Managers in Mumbai reported a notice period of 2 Months, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Securities Cluster Manager Salaries in Mumbai

Kotak Securities Cluster Manager salary in Mumbai ranges between ₹3.9 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Securities latest salaries received from various employees of Kotak Securities.