Hierarchy level in ICICI Bank: Thinking of joining ICICI Bank? Here's an overview of the employee grades.
ICICI Bank is a leading private sector bank in India headquartered in Mumbai. It is present in 17 countries. Here's what the hierarchy of staff looks like at ICICI Bank.
About ICICI Bank
ICICI Bank is a leading private sector bank in India headquartered in Mumbai. This development finance institution has a network of 5,275 branches across India and is present in 17 countries. It clocked an annual revenue of over $20B in 2022.
The Bank has subsidiaries in the UK and Canada; branches in the USA, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Financial Center, China and South Africa.
ICICI Bank was established in 1994 as a part of the ICICI group. In 1999, ICICI became the first Indian company and the first bank or a financial institution from non-Japan Asia to be listed on the New York Stock Exchange.
ICICI Bank’s Training and Development, Brand name, Quality of work, and Work environment make for an employee-friendly organization.
If you are planning to join them as well, then you have probably wondered what the Hierarchy is like at ICICI Bank.
What is hierarchy level in ICICI Bank?
Like every corporate bank in India, ICICI Bank also has a hierarchy system.
Your role may vary based on the job function or department you’ll be appointed, such as Operations, Finance and business development, Human Resource Management, Information Technology etc.
Here are the lists of the entire up-to-date staff Hierarchy of ICICI Bank
- Senior Officer
- Assistant Manager Band 1
- Assistant Manager Band 2
- Deputy Manager DM1
- Deputy Manager DM2
- Manager MM1
- Manager MM2
- Chief Manager CM1
- Chief Manager CM2
- Assistant General Manager AGM
- Deputy General Manager DGM
- General Manager GM
- Joint General Manager JGM
- Senior General Manager SGM 1
- Senior General Manager SGM 2
- Executive Director (ED)
- Managing Director (MD) and Chief Executive Officer (CEO)
Yes, that’s quite the list.
There are many designations in the bank. ICICI Bank’s middle management has two designations or Bands, such as Band 1 and Band 2 (Band 2 being the higher grade)
The same goes with MM1 – MM2, CM1 – CM2 and so on.
The grade level you'd be assigned to depends on your educational qualifications, experience, the interview panel and negotiations.
What is the salary of ICICI Bank employee?
Senior Officer: This grade is at the bottom of the hierarchical structure in ICICI Bank. If you join as a Senior Officer you can be assigned to any area, such as Human Resources, Regional office/ZO, etc.
Your responsibility would be doing what the office requires. Maybe you’d be tasked to sell some products such as life insurance, general insurance, shares, mutual funds, gold loan, foreign exchange, letters of credit, FD, saving accounts, current accounts, trade accounts, Demat accounts, recurring accounts and a lot more.
Or you’d be given the administrative work. You may also have to sit at the counter, interact with people and get those products sold.
The typical salary of a Senior Officer at ICICI Bank can be between ₹9,008 to ₹63,575 per month.
Assistant Manager Band 1 - As an Assistant Manager Band 1 either you will be placed in Branch Banking or Operations department or anywhere they deem fit.
In Branch Banking you would have to handle branch operations as well as sales of LI, MF, A/CA etc.
In the Operations Department, you have to handle, as the name suggests, the operation and perform the given tasks within the deadline.
The average annual salary of an Assistant Manager is ₹ 4.4 Lakhs per annum.
Deputy Manager DM1 – Your responsibilities as a Deputy Manager will depend on the profile.
You could be assigned the role of a Customer Service Manager, Branch Sales Manager, Debt Manager, etc.
The average salary of a Deputy Manager ₹ 5, 32,416 per annum:
Manager MM1 - Average salary for an MM1 is ₹ 6,86,847 per annum.
Chief Manager CM1 - Average salary for a CM1 is ₹ 17, 32,412 per annum.
General Manager GM - Average Salary of a GM with 17 years of experience is ₹ 75, 00, 000 per annum.
Senior General Manager SGM 1 - Average Salary (29 - 31 years experience) ₹1,02, 00,000
Managing Director (MD) and Chief Executive Officer (CEO) - Sandeep Bakhshi is the Managing Director and CEO of ICICI Bank since October 15, 2018.
Before he was appointed MD & CEO, he was a Whole-time Director and the Chief Operating Officer (COO) of the Bank.
It was reported that he earned an annual salary of Rs 7.08 crore in FY22.
Please note that these are grades in the bank, not job profiles. Also, these job descriptions are not 100% accurate, as it depends on your profile. The salaries are estimates gathered from Glassdoor and AmbitionBox
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