Axis Bank Mumbai Risk Manager Salaries by 20+ Employees (Updated 2025)

1 - 17 years exp.

₹7.2 Lakhs - ₹20 Lakhs

Avg. annual salary

Monthly In-hand Salary

10% more than the average Risk Manager Salary in Banking Companies for 1 - 17 years of experience

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Salaries in different departments

Risk Management & Compliance Risk Manager Salary 4 - 13 years exp. (4 salaries)	₹9 L/yr - ₹16 L/yr
Data Science & Analytics Risk Manager Salary 2 - 9 years exp. (3 salaries)	₹12.5 L/yr - ₹20 L/yr
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Finance & Accounting Risk Manager Salary 9 - 17 years exp. (3 salaries)	₹11 L/yr - ₹13.4 L/yr
BFSI, Investments & Trading Risk Manager Salary 3 - 13 years exp. (AmbitionBox Estimate)	₹10.4 L/yr - ₹16 L/yr

Last Updated: 29 Jan 2025

Companies similar to Axis Bank for Risk Manager in Mumbai

Axis Bank Risk Manager Salary

1 - 17 years exp. (21 salaries)

₹7.2 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Risk Manager Salary 0 - 5 years exp. (38 salaries)	₹9 L/yr - ₹24 L/yr 36% more
ICICI Bank Risk Manager Salary 0 - 6 years exp. (33 salaries)	₹6.4 L/yr - ₹25 L/yr 12% more
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HDFC Bank Risk Manager Salary 1 - 9 years exp. (20 salaries)	₹6.2 L/yr - ₹19 L/yr 19% less
Yes Bank Risk Manager Salary 3 - 6 years exp. (15 salaries)	₹8.7 L/yr - ₹17 L/yr 7% less
Kotak Mahindra Bank Risk Manager Salary 1 - 11 years exp. (11 salaries)	₹6.4 L/yr - ₹10.8 L/yr 41% less
Union Bank of India Risk Manager Salary 5 - 9 years exp. (8 salaries)	₹10.3 L/yr - ₹18.5 L/yr At par
State Bank of India Risk Manager Salary 5 - 11 years exp. (4 salaries)	₹18 L/yr - ₹27 L/yr 42% more
Barclays Risk Manager Salary 6 - 13 years exp. (3 salaries)	₹12.3 L/yr - ₹24 L/yr 21% more
Bank of India Risk Manager Salary 7 - 10 years exp. (3 salaries)	₹15 L/yr - ₹24 L/yr 28% more

Risk Manager salary at Axis Bank ranges between ₹7.2 Lakhs to ₹20 Lakhs per year for employees with experience between 1 year to 17 years. Salary estimates are based on 21 latest salaries received from various employees of Axis Bank.

Experience wise Axis Bank Risk Manager salaries in Mumbai

Last Updated: 29 Jan 2025

Experience	Avg Annual Salary
1 year (4 salaries)	₹9 L/yr - ₹15 L/yr
2 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.2 L/yr
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3 years (3 salaries)	₹10.4 L/yr - ₹25.3 L/yr
4 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.2 L/yr
5 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.2 L/yr
6 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.2 L/yr
7 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.2 L/yr
8 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.2 L/yr
9 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.3 L/yr
10 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.3 L/yr
11 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.3 L/yr
12 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.3 L/yr
13 years (AmbitionBox Estimate)	₹12.8 L/yr - ₹16.3 L/yr
14 years (AmbitionBox Estimate)	₹12.8 L/yr - ₹16.3 L/yr
15+ years (AmbitionBox Estimate)	₹12.8 L/yr - ₹16.3 L/yr

View all

Similar Designation salaries in Axis Bank

Deputy Manager Salary

(2.2k salaries)

₹2 L/yr - ₹11 L/yr

Team Lead Salary

(40 salaries)

₹2 L/yr - ₹5.8 L/yr

Auditor Salary

(12 salaries)

₹1.2 L/yr - ₹3 L/yr

Accountant Salary

(6 salaries)

₹2.03 L/yr - ₹5.6 L/yr

Senior Associate Salary

(4 salaries)

₹1.85 L/yr - ₹4.85 L/yr

Audit Manager Salary

(3 salaries)

₹8.4 L/yr - ₹16.4 L/yr

Top skills at Axis Bank for Risk Manager

Rcsa Pension Administration Risk Management Risk Control

Salary related reviews for Axis Bank

Deputy Manager in Bangalore / Bengaluru (working remotely)

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 24 Jan 2025

3.0

for Salary and Benefits

Likes

Skill development compared to other bank axis provide good learnings

Job security - Good

Dislikes

Axis gives less salary compared to other bank and also high work pressure and high pressure to cross sell and make employees to run behind the customer and its make Customer to get irritated

Work satisfaction - Poor

+2 more

Deputy Manager in Lucknow

Full Time

Legal & Regulatory Department

2.0

• posted on 11 Dec 2024

1.0

for Salary and Benefits

Likes

The team is good and if you want to learn on your own

Job security - Excellent

Dislikes

Location placement is not good Culture is not good as well Salary is the worst as compared to other national banks Overall learning is not that great No training facilities

Salary - Bad

+3 more

Deputy Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 21 Nov 2024

5.0

for Salary and Benefits

Likes

Salary on time. Descent salary package they provide compare to other companies.

Salary - Excellent

Dislikes

No work life balance. Unlimited pressure on tpp products. Huge mental pressure. Worst work culture. Huge partiality within employees. No team work.

Work satisfaction - Poor

+2 more

Deputy Manager in Noida

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 02 Nov 2024

2.0

for Salary and Benefits

Likes

Job certainty, less pressure of work as compared to other bank.

Job security - Good

Dislikes

Out dated Process of work, no training for new joiners, less salary package as compared to other company, lack of communication before application of new process, no leave encashment

Salary - Poor

+3 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 05 Oct 2024

1.0

for Salary and Benefits

Likes

...entally disturbed and getting panic attacks at work. Very in human work culture. They will tell you the salary is 40k in-hand and pay you 28k, when you go back to discuss they simply put up some reason ok deductions that was never informed on the first place.

Dislikes

Do not work here unless you want to be dragged around like an animal . I not only speak for myself but everyone that I know there. Only working in such a toxic environment to make some money for bread. And how they treat you is by throwing bread crumbs on the floor. They are the best manipulaters. Even if you are on death bed, they would want you to report to work.

Salary - Bad

+6 more

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Axis Bank Risk Manager Salary FAQs

What is the salary of Risk Manager at Axis Bank in Mumbai?

The average salary of a Risk Manager at Axis Bank in Mumbai typically ranges from ₹7.2 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 1 year to 17 years).

The top 10% of Risk Manager in Mumbai at Axis Bank earn more than ₹16.6 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Risk Manager Salaries at Axis 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 20+ Axis Bank employees in India.

What is the estimated take home salary of a Risk Manager at Axis Bank in Mumbai?

The estimated take-home salary of a Risk Manager at Axis Bank in Mumbai typically ranges from ₹98,450 to ₹1,01,122 per month. This is based on the average salary range of ₹7.2 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 1 year to 17 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 20+ salaries received from various employees of Axis Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Risk Manager at Axis Bank in Mumbai?

To be a Risk Manager at Axis Bank in Mumbai, the key skills required include:

- Rcsa
- Pension Administration
- Risk Management
- Risk Control

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

Which companies offer higher salaries than Axis Bank for Risk Manager in India?

State Bank of India	₹18.0 Lakhs to ₹27.0 Lakhs per year
IDFC FIRST Bank	₹9.0 Lakhs to ₹24.0 Lakhs per year
Bank of India	₹15.0 Lakhs to ₹24.0 Lakhs per year
Barclays	₹12.3 Lakhs to ₹24.0 Lakhs per year
ICICI Bank	₹6.4 Lakhs to ₹25.0 Lakhs per year

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

What is the salary of a Risk Manager in companies similar to Axis Bank in Mumbai?

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

Union Bank of India	₹10.3 Lakhs to ₹18.5 Lakhs per year
Yes Bank	₹8.7 Lakhs to ₹17.0 Lakhs per year
HDFC Bank	₹6.2 Lakhs to ₹19.0 Lakhs per year
Kotak Mahindra Bank	₹6.4 Lakhs to ₹10.8 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 Risk Manager at Axis Bank in Mumbai?

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

Experience	Average Salary Range
1 year	₹9.0 Lakhs to ₹15.0 Lakhs per year
2 years	₹12.6 Lakhs to ₹16.2 Lakhs per year
3 years	₹10.4 Lakhs to ₹25.3 Lakhs per year
4 years	₹12.7 Lakhs to ₹16.2 Lakhs per year

and so on.

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Axis Bank Risk Manager Salaries in Mumbai

Axis Bank Risk Manager salary in Mumbai ranges between ₹7.2 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 Axis Bank latest salaries received from various employees of Axis Bank.