Kotak Mahindra Bank Mumbai Analyst Salaries by 8 Employees

1 - 3 years exp.

₹6.1 Lakhs - ₹10 Lakhs

Avg. annual salary

Monthly In-hand Salary

Analyst Salary at Kotak Mahindra Bank ranges between ₹6.1 Lakhs to ₹10 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 8 latest salaries received from... Read more

At par with the average Analyst Salary in Banking Companies for 1 - 3 years of experience

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Last Updated: 11 Apr 2024

Companies similar to Kotak Mahindra Bank for Analyst in Mumbai

Kotak Mahindra Bank Analyst Salary

1 - 3 years exp. (8 salaries)

₹6.1 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
Deutsche Bank Analyst Salary 0 - 11 years exp. (406 salaries)	₹6 L/yr - ₹11 L/yr 12% more	18 job openings
Bank of America Analyst Salary 1 - 11 years exp. (185 salaries)	₹13.3 L/yr - ₹22.5 L/yr 121% more
Login to view exact salary
Barclays Analyst Salary 1 - 8 years exp. (33 salaries)	₹10.8 L/yr - ₹17.3 L/yr 81% more

IDFC FIRST Bank Analyst Salary 0 - 7 years exp. (58 salaries)	₹2.3 L/yr - ₹6.8 L/yr 46% less
HDFC Bank Analyst Salary 1 - 9 years exp. (35 salaries)	₹8.4 L/yr - ₹15.7 L/yr 41% more	1 job opening
Standard Chartered Analyst Salary 1 - 9 years exp. (35 salaries)	₹4 L/yr - ₹9.8 L/yr 18% less
ICICI Bank Analyst Salary 0 - 4 years exp. (31 salaries)	₹11.7 L/yr - ₹18 L/yr 95% more
IndusInd Bank Analyst Salary 3 - 5 years exp. (3 salaries)	₹10.4 L/yr - ₹19.3 L/yr 73% more

NatWest Group Analyst Salary 1 - 6 years exp. (15 salaries)	₹2.5 L/yr - ₹7.2 L/yr 40% less
Axis Bank Analyst Salary 0 - 7 years exp. (11 salaries)	₹4.4 L/yr - ₹11 L/yr 8% less
RBL Bank Analyst Salary 1 - 3 years exp. (6 salaries)	₹4.5 L/yr - ₹10.1 L/yr 6% less
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Yes Bank Analyst Salary 0 - 3 years exp. (5 salaries)	₹6 L/yr - ₹11 L/yr 20% more
Chase Bank Analyst Salary 4 - 12 years exp. (4 salaries)	₹8 L/yr - ₹13 L/yr 20% more
Equitas Small Finance Bank Analyst Salary 1 - 3 years exp. (3 salaries)	₹6 L/yr - ₹11.5 L/yr 4% less

Kotak Mahindra Bank Analyst salaries by

Years of experience	Avg. annual salary
1 year (6 salaries)	₹6.1 L/yr - ₹10 L/yr
2 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.5 L/yr
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3 years (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr

Similar Designation Salaries at Kotak Mahindra Bank

Similar Designation	Avg. annual salary
Credit Manager Salary (236 salaries)	₹4 L/yr - ₹13.8 L/yr
Business Analyst Salary (151 salaries)	₹4.8 L/yr - ₹19.0 L/yr
Login to view exact salary
Team Lead Salary (92 salaries)	₹1.8 L/yr - ₹8 L/yr
Credit Analyst Salary (64 salaries)	₹9.5 L/yr - ₹22 L/yr
Senior Associate Salary (25 salaries)	₹1.5 L/yr - ₹4 L/yr
Accountant Salary (12 salaries)	₹2.2 L/yr - ₹3.5 L/yr
Senior Analyst Salary (4 salaries)	₹8.3 L/yr - ₹13 L/yr

View more similar designations

Top trending discussions

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Salary Discussions, Hike & Promotions

a full stack developer

No Salary Discussion in My Appraisal — What’s Your Experience?

In my appraisal meeting, they didn’t ask or discuss my expectations about my salary or hike percentage. The entire discussion was only about feedback and performance review. After the meeting, I asked why they didn’t allow me to share my expectations or reveal my hike numbers. They told me that the hike numbers would be decided only by the owner and then they would inform me. I feel an appraisal meeting should include open discussion about both performance and future expectations. What are your thoughts? Does this happen in your company too?

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Salary related reviews for Kotak Mahindra Bank

3.6

Rated by 3 employees for salary & benefits

Deputy Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

3.0

• updated on 15 Apr 2025

2.0

for Salary and Benefits

Likes

Work friendly with team members.

Skill development - Good

Dislikes

...cpc branches, sitting capacity in branches very low . Number DST ALSO VERY LOW . DST salary also very low no increments for front line sales . and no promotions. Fully manual work with compared other banks and NBFC's. Even no festival holidays in month ends. Month end Sunday are working days.

Salary - Poor

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• updated on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• updated on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• updated on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• updated on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

see more salary related reviews

Kotak Mahindra Bank Analyst Salary FAQs

What is the salary of Analyst at Kotak Mahindra Bank in Mumbai?

The average salary of a Analyst at Kotak Mahindra Bank in Mumbai typically ranges from ₹6.1 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Analyst in Mumbai at Kotak Mahindra Bank earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Analyst Salaries at Kotak Mahindra Bank 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 8 Kotak Mahindra Bank employees in India.

What is the estimated take home salary of a Analyst at Kotak Mahindra Bank in Mumbai?

The estimated take-home salary of a Analyst at Kotak Mahindra Bank in Mumbai typically ranges from ₹58,847 to ₹60,331 per month. This is based on the average salary range of ₹6.1 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 1 year to 3 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 8 salaries received from various employees of Kotak Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Analyst at Kotak Mahindra Bank in Mumbai?

To be a Analyst at Kotak Mahindra Bank in Mumbai, the key skills required include:

- Tracking
- Communication Skills
- RCA
- MIS
- Excel Report Preparation

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

Which companies offer higher salaries than Kotak Mahindra Bank for Analyst in India?

Bank of America	₹13.3 Lakhs to ₹22.5 Lakhs per year
ICICI Bank	₹11.7 Lakhs to ₹18.0 Lakhs per year
Barclays	₹10.8 Lakhs to ₹17.3 Lakhs per year
IndusInd Bank	₹10.4 Lakhs to ₹19.3 Lakhs per year
HDFC Bank	₹8.4 Lakhs to ₹15.7 Lakhs per year

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

What is the salary of a Analyst in companies similar to Kotak Mahindra Bank in Mumbai?

The salary of a Analyst at companies similar to Kotak Mahindra Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yes Bank	₹6.0 Lakhs to ₹11.0 Lakhs per year
Chase Bank	₹8.0 Lakhs to ₹13.0 Lakhs per year
Deutsche Bank	₹6.0 Lakhs to ₹11.0 Lakhs per year
Equitas Small Finance Bank	₹6.0 Lakhs to ₹11.5 Lakhs per year
RBL Bank	₹4.5 Lakhs to ₹10.1 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Analyst at Kotak Mahindra Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹6.1 Lakhs to ₹10.0 Lakhs per year
2 years	₹6.7 Lakhs to ₹8.5 Lakhs per year
3 years	₹7.0 Lakhs to ₹9.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Analyst Salaries in Mumbai

Kotak Mahindra Bank Analyst salary in Mumbai ranges between ₹6.1 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.