Bank of Maharashtra Bancassurance Salaries by Employees (Updated 2024)

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₹2.3 Lakhs - ₹3 Lakhs

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Last Updated: 12 Mar 2023

Companies similar to Bank of Maharashtra for Bancassurance

Company name	Avg Annual Salary	Open Jobs
HDFC Life Bancassurance Salary 0 - 4 years exp. (12 salaries)	₹1.8 L/yr - ₹5.2 L/yr 52% more	7 job openings
SBI Life Insurance Company Bancassurance Salary 3 - 8 years exp. (5 salaries)	₹2.8 L/yr - ₹4.2 L/yr 24% more
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ICICI Prudential Life Insurance Bancassurance Salary 0 - 2 years exp. (4 salaries)	₹2.5 L/yr - ₹3.1 L/yr 11% more
Star Union Dai-ichi Life Insurance Bancassurance Salary 0 - 4 years exp. (4 salaries)	₹2.8 L/yr - ₹3.3 L/yr 13% more
Future Generali India Life Insurance Bancassurance Salary 1 - 5 years exp. (4 salaries)	₹2.1 L/yr - ₹3 L/yr 10% less

Bancassurance salary at Bank of Maharashtra ranges between ₹2.3 Lakhs to ₹3 Lakhs per year for employees with 2 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Bank of Maharashtra.

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Salary related reviews for Bank of Maharashtra

Branch Manager in Pune

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Aug 2024

4.0

for Salary and Benefits

Likes

Salary credited on time nothing else

Dislikes

No work life balance, extreme pressure for sales . Shortage of staff and very bad behaviour of higher Management executives on middle management officers. Frequent all India transfers , usse transfer as tools to harass it's employees to meet their targets.

Senior Branch Manager in Mumbai

BFSI, Investments & Trading Department

4.0

• posted on 02 Aug 2018

4.0

for Salary and Benefits

Likes

...opportunity for promotion and carrier growth. Good work culture and environment. Better salary structure in the banking sector.

Dislikes

Pessimistic business approach.

Manager in Patna

Full Time

Credit monitoring Dept. Department

3.0

• posted on 20 Aug 2021

2.0

for Salary and Benefits

Likes

They have a very good policy and one should spend some time to understand the policies.

Dislikes

...f Maharashtra is an old generation bank and it will reflect in the work culture. They still have the system of manual salary where one need to submit an attendance sheet and the same would be send to zone. Then they will upload and you will receive your salary and stuffs like that.

Assistant Manager in Pune

Full Time

Other Department

2.0

• posted on 05 Mar 2018

1.0

for Salary and Benefits

Likes

...dustry going through tough it's quite difficult to work in this organization . Heavy work pressure and the risk involve in it doesn't compesate the salary in hand.

Dislikes

Heavy work load, risk involved in credit , incessant targets bombarded every day ,no work life balance

Manager in Gujarat

BFSI, Investments & Trading Department

2.0

• posted on 02 Feb 2022

4.0

for Salary and Benefits

Likes

Job Security, PSU Bank, Allowance are good as compared to industry, Career growth opportunities are there. Technology is good

Dislikes

...ot believe in training. You should be a self learner Pathetic Work life balance. They will call on Saturday and sunday without compensation. Quality of the proposal is not good.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Bank of Maharashtra Bancassurance Salaries

Bank of Maharashtra Bancassurance salary in India ranges between ₹2.3 Lakhs to ₹3 Lakhs. This is an estimate based on latest salaries received from employees of Bank of Maharashtra.

Bank of Maharashtra Bancassurance salaries in India

Companies similar to Bank of Maharashtra for Bancassurance

Similar Designation salaries in Bank of Maharashtra

Salary related reviews for Bank of Maharashtra

Branch Manager in Pune

Senior Branch Manager in Mumbai

Manager in Patna

Assistant Manager in Pune

Manager in Gujarat

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