TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
TheFinanceStory
No Result
View All Result
  • Login
  • Register
Book 1:1 session with industry experts!
  TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
The finance story
No Result
View All Result
  • Login
  • Register
Book 1:1 session with industry experts!
The Finance Story
No Result
View All Result

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.

Preeti Mondal by Preeti Mondal
Published date: 16th May, 2023
Last edited date: 16th May, 2023
SHARE (175)
Designations in HDFC Bank: From Joining as an Assistant Manager to climbing to the rank of Managing Director.
Share on FacebookShare on Twitter

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 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 the hierarchy level at 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.

                                                       Income of ICICI Bank from FY 2017-2021

What is the salary of an 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

Looking to accelerate your career in Finance? Get on a 1-on-1 call with an industry expert. Fill up this form.

Preeti Mondal

Preeti Mondal

Recommended for you

EY Director quit on spotting new & bigger opportunities outside Big 4
Big 4

EY Director quit on spotting new & bigger opportunities outside Big 4

26th February, 2025 | 7 mins read
200,000 Global Bank Jobs May Be Slashed By Artificial Intelligence
Careers in Finance

200,000 Global Bank Jobs May Be Slashed By Artificial Intelligence

11th January, 2025 | 5 mins read
GT Bharat COO shares his journey from a team of 50 to 10k and how firms can prepare for the opportunity that lies ahead in India.
Chief Operating Officer

This CA took a pay cut & joined Grant Thornton when it was a team of 50, now they’re 10k+

18th December, 2024 | 9 mins read
Sunil Singhania Abakkus Private Equity Fund
Asset Management

Abakkus Asset Manager on raising ₹2,400 crores to unlock India’s Private Equity opportunities

18th December, 2024 | 7 mins read
CFO of VC fund that raised $300 million
Corporate Career

Ex-Big 4 Auditor to CFO of a $600Mn+ VC Fund

12th December, 2024 | 8 mins read
UAE recruitment firm Cooper Fitch predicts talent surplus, stagnant salary
Corporate Career

Dubai’s salaries fall? Talent surge in HR, finance, accounting professionals

9th December, 2024 | 5 mins read
Next Post
This banker built a world class facial recognition technology, Saffe.

This banker built a world class facial recognition technology, Saffe. Here is how he made it happen as a non technical person.

Start conversation Cancel reply

Your email address will not be published. Required fields are marked *

1:1 career advice platform

  • Manager

    Investment Banking (Front Office) at HDFC Bank.

  • Finance Director

    at Procter & Gamble (P&G)

  • Strategic Program & Ops Manager

    Risk and Internal Audit at Accenture

  • Vice President

    at Alcazar Capital

  • Manager ACR

    Accounting, Compliance and Reporting at EY

  • Senior Accountant

    at BDO Canada LLP

  • Regional Financial Coordinator and Project Manager

    at TotalEnergies

  • Accounts Manager

    at Sterling Perfumes Industries LLC (Fakhruddin Holdings)

BOOK 1:1 CALL

1:1 career advice platform

  • Manager ACR

    Accounting, Compliance and Reporting at EY

  • Senior Accountant

    at BDO Canada LLP

  • Regional Financial Coordinator and Project Manager

    at TotalEnergies

  • Accounts Manager

    at Sterling Perfumes Industries LLC (Fakhruddin Holdings)

BOOK 1:1 CALL
The Finance Story

The Finance Story empowers finance professionals—CFOs, consultants, accountants, tax experts, and bankers—to navigate critical market shifts, industry disruptions, and emerging technologies & trends.

How? We spotlight key opportunities in India and globally, equipping finance professionals with the insights and strategies to drive business growth, optimize decision-making, and position their companies at the forefront

Quick Links

  • Finance
  • Partners
  • Privacy and Policy
  • Terms of use

Follow us

  • /TheFinanceStory
  • @TheFinanceStory
  • /TheFinanceStory
  • @thefinancestory_com
  • TheFinanceStory

© 2022. The Finance Story. All Rights Reserved.

No Result
View All Result
  • TFS Gulf
  • Entrepreneur Story
  • Finance Leaders
  • Videos
  • Login
  • Sign Up

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to personalize your experience. By continuing to visit this website you agree to our use of cookies.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Book 1:1 call with industry expert