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salary of Relationship Manager in ICICI Bank : Job Description

Building relationships is the foundation of the banking industry, and ICICI Bank’s relationship managers are essential players in this game. However, what sort of payment do they get for their work? In this article, we’ll examine the salary of Relationship Manager in ICICI Bank, delving into the variables that affect their income and dissecting what a typical day in their shoes may entail.

Role of a Relationship Manager

For their customers, a Relationship Manager in ICICI Bank serves as a trusted advisor and financial counsellor. Their main responsibility is to establish and maintain trusting connections in order to comprehend the demands and financial goals of their clients. The following is an outline of their main duties:

  • Client Acquisition and Onboarding: They locate and draw in prospective customers, helping them to open an account and acquaint themselves with the bank’s services.
  • Financial Needs Assessment: They examine a client’s financial status, risk tolerance, and future goals through in-depth discussions.
  • Personalised Financial Solutions: They suggest appropriate banking products and services, such as savings accounts, loans, investments, and insurance, based on their comprehension of the client’s needs.
  • salary of Relationship Manager in ICICI Bank oversee their clients’ accounts in a proactive manner, guaranteeing seamless transactions and providing continuous assistance. This leads to account management and growth. Additionally, they spot chances to launch fresh goods or services that complement the client’s changing financial objectives.
  • Financial Advisory and Planning: They go above and beyond simple transactions by offering clients financial advice and methods to assist them reach their long-term goals, including retirement savings or college savings for a child.
  • Client relationship management: It’s critical to establish open lines of communication and foster trust. As the main point of contact, salary of Relationship Manager in ICICI Bank answer questions from clients, settle disputes, and guarantee a satisfying banking experience.

Job Description at salary of Relationship Manager in ICICI Bank



Key Responsibilities

  • Client acquisition and onboarding
  • Financial needs assessment
  • Personalized financial solutions
  • Account management and growth
  • Financial advisory and planning
  • Client relationship management

Required Skills and Qualifications

  • Excellent communication and interpersonal skills 
  • Strong analytical and problem-solving abilities 
  • Financial product knowledge
  • Relationship building and client management expertise
  • Proficiency in banking software and technology 
  • Bachelor’s degree in Finance, Business Administration, or a related field (MBA preferred)

Career Path and Growth Opportunities

  • Advancement to Senior Relationship Manager with a larger client portfolio and increased responsibility 
  • Specialization in areas like wealth management or corporate banking 
  • Move to branch management or other leadership roles within the bank

Professional Route and Prospects for Advancement:

A fulfilling career path is provided by ICICI Bank to ambitious and productive salary of Relationship Manager in ICICI Bank. With further experience and skill development, you can advance to more responsible responsibilities like:

  • Branch Manager, Team Lead
  • Senior Relationship Manager
  • Private Wealth Manager

We strongly encourage you to apply if you’re a motivated and passionate person who enjoys fostering relationships and assisting people in achieving financial success!

salary of Relationship Manager in ICICI Bank Structure

Basic Salary
The fixed monthly amount paid as per your experience level and the bank’s pay scale.[Source 1]
Allowances and Perks
Additional benefits offered on top of the base salary. Common allowances and perks for ICICI Bank Relationship Managers may include: 
Dearness Allowance (DA): Helps adjust for inflation. 
City Compensatory Allowance (CCA): Varies depending on the city or location of the branch to account for cost-of-living differences. 
Leased House Accommodation (LHA) or House Rent Allowance (HRA): The bank may provide housing or an allowance to help cover housing costs. 
Car Allowance: An allowance to help cover car-related expenses, especially if the role requires travel to meet clients.[Source 2]
Medical Insurance: Health insurance coverage for the employee and sometimes dependents. 
Other perks: May include club memberships, discounts on bank products, and additional leave allowances. 
Performance Bonuses
Performance-based rewards for exceeding targets or achieving specific goals. These can be in the form of a cash bonus, commission on generated revenue, or a combination of both.[Source 3]
Benefits and IncentivesAdditional programs that can increase overall compensation. These may include: 
Profit Sharing: A share of the bank’s profits distributed to employees based on performance. 
Stock Options: The right to purchase shares of ICICI Bank stock at a predetermined price in the future. 
Employee Pension Scheme: Contributions made by the bank towards your retirement savings.

Please take note that the precise amount of allowances, benefits, bonuses, and incentives that salary of Relationship Manager in ICICI Bank offers may change based on a number of variables, including performance, location, and experience level. The best approach to get the most up-to-date details on the bank’s relationship manager compensation plan is to speak with a representative directly.

Factors Affecting salary of Relationship Manager in ICICI Bank

FactorDescriptionImpact on Salary
Experience Level
The more experience a Relationship Manager has, the deeper their understanding of client needs, financial products, and the banking industry.Positive Impact: Salary typically increases with experience. Senior Relationship Managers managing larger portfolios and generating significant revenue can expect higher salaries.
Educational Qualifications
Having an MBA or other relevant postgraduate qualifications demonstrates advanced financial knowledge and expertise.Positive Impact: An MBA or relevant postgraduate degree can increase earning potential. However, experience may be weighed more heavily in some cases.
Salary can vary depending on the cost of living in the branch’s location. Metro cities and urban areas generally offer higher salaries.Positive Impact: Salaries in metro cities and urban areas are usually higher to compensate for a higher cost of living.
Job Performance
Performance is often measured by factors like number of new clients acquired, revenue generated through client accounts, and client satisfaction ratings.Positive Impact: Exceeding sales targets, bringing in new high-value clients, and high client satisfaction ratings can lead to bonuses, promotions, and higher salaries.

As a whole:

At salary of Relationship Manager in ICICI Bank are determined by combining these variables. The three factors that usually influence salary the most are location, performance, and experience.

Comparison with salary of Relationship Manager in ICICI Bank

BankAverage Salary Range (LPA)Source
₹6 Lakhs – ₹20 Lakhs(You are here)
State Bank of India (SBI)
₹8 Lakhs – ₹18 Lakhs[Source 1]
₹5 Lakhs – ₹18 Lakhs[Source 2]
Axis Bank
₹4.5 Lakhs – ₹15 Lakhs[Source 3]


  • The approximate salary of Relationship Manager in ICICI Bank ranges are subject to change based on performance, geography, and experience, among other considerations.
  • SBI and other public sector banks might have somewhat greater base pay but shorter promotion cycles.
  • Although they could have a more rigorous work culture, private banks like HDFC and Axis might offer more performance-based incentives with larger earning potential.

Career Progression of salary of Relationship Manager in ICICI Bank

Career StageTypical PositionsDescriptionPotential Salary Range (LPA)
Entry-Level (1-3 Years)
Management Trainee/Associate Relationship Manager: Gain foundational knowledge of banking products, client relationship management skills, and assist senior Relationship Managers.Focus on learning the ropes, building a client base, and exceeding performance targets to qualify for promotion.₹3 Lakhs – ₹8 Lakhs
Mid-Level (4-7 Years)
Relationship Manager: Manage a portfolio of assigned clients, build relationships, identify client needs, and recommend suitable financial solutions.Increased responsibility for client relationships, revenue generation, and achieving sales goals.₹8 Lakhs – ₹15 Lakhs
Senior-Level (8+ Years)
Senior Relationship Manager: Oversee a larger portfolio of high-net-worth clients, develop and implement strategies for client acquisition and retention, and mentor junior Relationship Managers.Focus on strategic client management, driving significant revenue growth, and potentially leading a team.₹15 Lakhs – ₹20 Lakhs+

Note that these are estimations of salaries, and actual amounts may differ based on the previously listed parameters.

Additional Compensation of salary of Relationship Manager in ICICI Bank

Stock Options
The right to purchase a certain number of shares of ICICI Bank stock at a predetermined price in the future. If the stock price increases, exercising these options can result in a financial gain.[Source 1] (may not mention specifically for Relationship Managers, but discusses ICICI Bank stock options)
Profit Sharing
A program where a portion of the bank’s profits is shared with employees based on performance. This can be a performance-based bonus on top of your base salary. 
Employee Pension Scheme
ICICI Bank contributes a portion of your salary towards your retirement savings plan. This helps you accumulate funds for your retirement.[Source 2] (Mentions pension scheme for ICICI Bank employees)
Health and Insurance BenefitsICICI Bank offers a comprehensive health insurance plan that covers medical expenses for the employee and sometimes dependents. This may also include other insurance benefits like life insurance or accidental death insurance. 
Other Perks

May include additional benefits such as: * Club memberships * Discounts on bank products * Additional leave allowances * Paid time off (vacation days, sick leave)

Note that availability and specifics of these additional compensation components may change based on discussion during the job offer, performance, and employment level. For the most up-to-date details about ICICI Bank’s benefits package for salary of Relationship Manager in ICICI Bank, it is always preferable to speak with them directly.


A synopsis of the salary insights

  • Relationship managers at ICICI Bank can anticipate yearly salaries ranging from ₹6 Lakhs to ₹20 Lakhs, depending on their unique function, location, performance, experience, and qualifications.
  • A base pay, allowances and benefits, bonuses and incentives, and contributions to retirement plans are usually included in the remuneration salary of Relationship Manager in ICICI Bank.
  • Earning potential can be greatly increased by achieving sales goals, overseeing a larger clientele, and gaining high-net-worth clients.

Concluding Remarks Regarding a Profession as an salary of Relationship Manager in ICICI Bank :

A job at ICICI Bank as a relationship manager offers a great benefits package and compensation. It is a good choice for people who like:

  • establishing and preserving solid client connections
  • Offering advice and answers related to finances
  • working in a dynamic, fast-paced setting

Potential for Growth:

Professional growth opportunities and clearly defined advancement tracks are provided by the career path. You can advance to senior roles with more responsibility salary of Relationship Manager in ICICI Bank, leadership chances, and the possibility of a higher income with commitment and excellent performance.

FAQ's (Frequently Asked Questions)

Q1. What is the basic salary of Relationship Manager in Icici?

Ans.  Average ICICI Bank Relationship Manager salary in Bangalore / Bengaluru is ₹7.1 Lakhs for less than 1 year of experience to 17 years. Relationship Manager salary at ICICI Bank Bangalore / Bengaluru ranges between ₹2.4 Lakhs to ₹11.6 Lakhs.


Q2. Is Relationship Manager a good job in ICICI Bank?

Ans. Relationship Manager employees have rated ICICI Bank with 3.5 out of 5 stars, based on 1,749 company reviews on Glassdoor. This indicates that most Relationship Manager professionals have a good working experience there.


Q3. What is the salary of deputy Relationship Manager in ICICI Bank?


Deputy Relationship Manager salary at ICICI Bank India ranges between ₹3.2 Lakhs to ₹8.0 Lakhs. According to our estimates it is 20% more than the average Deputy Relationship Manager Salary in India. Salary estimates are based on 40 latest salaries received from various employees of ICICI Bank India.

Q4. Is a relationship manager a good job?

Ans.  The job of a relationship manager is great. However, a relationship manager’s job comes with its own set of challenges. They make great money and are in a great position to advance their careers in the future. If you have all the traits mentioned above, you can become a relationship manager in the banking sector.


Q5. Is Relationship Manager a sales job?

Ans.  While sales professionals focus primarily on acquiring new customers and closing deals, relationship managers focus on building and maintaining long-term client relationships. Their main objective is understanding client needs, providing exceptional customer service, and fostering loyalty and satisfaction.

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