Oaknorth Bank Procurement Manager Salaries by 5 Employees (Updated 2024)

12 - 14 years exp.

₹20 Lakhs - ₹21.8 Lakhs

Low Confidence

Salary of majority employees

32% more than the average Procurement Manager Salary in Banking Companies for 12 - 14 years of experience

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Last Updated: 7 Dec 2024

Companies similar to Oaknorth Bank for Procurement Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Procurement Manager Salary 2 - 15 years exp. (13 salaries)	₹5.5 L/yr - ₹18.1 L/yr 45% less
Axis Bank Procurement Manager Salary 5 - 15 years exp. (11 salaries)	₹6 L/yr - ₹15 L/yr 45% less
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HDFC Bank Procurement Manager Salary 8 - 14 years exp. (5 salaries)	₹12 L/yr - ₹13 L/yr 39% less
Kotak Mahindra Bank Procurement Manager Salary 0 - 13 years exp. (3 salaries)	₹5.2 L/yr - ₹11.5 L/yr 60% less
Reliance Industries Procurement Manager Salary 1 - 20 years exp. (131 salaries)	₹6.6 L/yr - ₹24.7 L/yr 26% less

Procurement Manager salary at Oaknorth Bank ranges between ₹20 Lakhs to ₹21.8 Lakhs per year for employees with experience between 12 years to 14 years. Salary estimates are based on 5 latest salaries received from various employees of Oaknorth Bank.

Experience wise Oaknorth Bank Procurement Manager salaries

Last Updated: 7 Dec 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹21.8 L/yr
13 years (AmbitionBox Estimate)	₹20 L/yr - ₹37.1 L/yr
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14 years (AmbitionBox Estimate)	₹20 L/yr - ₹20 L/yr

Similar Designation salaries in Oaknorth Bank

Procurement Buyer Salary

(AmbitionBox Estimate)

₹37.8 L/yr - ₹48.3 L/yr

Assistant Manager Procurement Salary

(AmbitionBox Estimate)

₹9.3 L/yr - ₹11.8 L/yr

Salary related reviews for Oaknorth Bank

Financial Consultant in Gurgaon / Gurugram

Finance Department

1.0

• posted on 10 Dec 2021

1.0

for Salary and Benefits

Likes

Pay is higher than market rate. But other than this, everything is worse.

Dislikes

No job security. No work life balance. One manager who served for years was fired. Another manager resigned after couple of months as he was never allowed to take any leave. Employees are treated as work horses, working till 2 in morning during month end. No training provided. Cutthroat pressure from day 1. Even exit interview is not taken from resigned employees and they make us sign on clearance form that it is taken.

Associate/Senior Associate -(Nontechnical) in Gurgaon / Gurugram

Credit Underwriting Department

1.0

• posted on 26 Aug 2020

3.0

for Salary and Benefits

Likes

Nothing except the fact that they pay above industry standards

Dislikes

They say they use AI in processing the loans but there is no such thing as AI. They force Credit Analysts to work hastily while they portray as if it is AI (Artificial Intelligence) based lending. Company culture is worst and the kind of work done here doesn't have any demand in the market so switching options are also limited.

System Engineer in New Delhi

Full Time

IT & Information Security Department

4.0

• posted on 27 Jun 2024

4.0

for Salary and Benefits

Likes

Everything is good with the company buy there is no job security. Company will be fire you anytime they feel. If do not want to take risk then look for alternative. Rest everything is fine. Only thing is no job security.

Dislikes

Hire and fire

People Operations Manager in Bangalore / Bengaluru

Full Time

Human Resources Department

1.0

• posted on 13 Apr 2021

3.0

for Salary and Benefits

Likes

Nothing except for compensation which was marginally better than the competors.

Dislikes

The work culture was pretty toxic, management did not like hearing your opinions. Absolutely no opportunities given for growth and development. And one day we were just informed out of blue, without any prior warning absolutely that we were being let go.

Senior Associate in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 15 Mar 2023

1.0

for Salary and Benefits

Likes

If there is a definition of BAD WORK CULTURE this is it. Oaknorth stands for micro management, worst management, and to top it all leadership is most pathetic including both the FOUNDERS

Dislikes

Everything about this company is bad. Culture is bad, micro management at the highest level, job insecurity and even bad infrastructure. Cannot be worse!

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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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Oaknorth Bank Procurement Manager Salary FAQs

What is the salary of Procurement Manager at Oaknorth Bank?

Procurement Manager salary at Oaknorth Bank in India ranges between ₹20.0 Lakhs to ₹21.8 Lakhs for experience between 12 years to 14 years. According to our estimates it is 32% more than the average Procurement Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Oaknorth Bank India.

How does the salary of a Procurement Manager at Oaknorth Bank India compare with the average salary range for this job?

The average salary of a Procurement Manager at Oaknorth Bank is 32% more than the average salary of a Procurement Manager in India. To know exact salary insights, login to view.

What is the salary of a Procurement Manager in companies similar to Oaknorth Bank in India?

Reliance Industries Procurement Manager Salary - ₹6.6 Lakhs to ₹24.7 Lakhs per year
HDFC Bank Procurement Manager Salary - ₹12.0 Lakhs to ₹13.0 Lakhs per year
ICICI Bank Procurement Manager Salary - ₹5.5 Lakhs to ₹18.1 Lakhs per year
Axis Bank Procurement Manager Salary - ₹6.0 Lakhs to ₹15.0 Lakhs per year
Kotak Mahindra Bank Procurement Manager Salary - ₹5.2 Lakhs to ₹11.5 Lakhs per year

What is the estimated take home salary of a Procurement Manager at Oaknorth Bank in India?

The estimated take-home salary of a Procurement Manager at Oaknorth Bank ranges between ₹1,35,358 per month to ₹1,40,341 per month in India. The take-home salary calculation is based on the average Oaknorth Bank Procurement Manager salary in India which ranges between ₹20.0 Lakhs to ₹21.8 Lakhs per year for employees with experience between 12 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Procurement Manager at Oaknorth Bank?

According to AmbitionBox, 100% of the Oaknorth Bank Procurement Manager s reported a notice period of 2 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Oaknorth Bank Procurement Manager Salaries

Oaknorth Bank Procurement Manager salary in India ranges between ₹20 Lakhs to ₹21.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Oaknorth Bank latest salaries received from various employees of Oaknorth Bank.