Bank of Maharashtra Mumbai Branch Manager Salaries by 6 Employees

5 - 10 years exp.

₹10 Lakhs - ₹16 Lakhs

Avg. annual salary

Monthly In-hand Salary

42% more than the average Branch Manager Salary in Banking Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 7 years exp. (AmbitionBox Estimate)	₹13.4 L/yr - ₹16 L/yr
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Finance & Accounting Branch Manager Salary 10 years exp. (AmbitionBox Estimate)	₹11.5 L/yr - ₹17 L/yr

Last Updated: 26 Oct 2024

Companies similar to Bank of Maharashtra for Branch Manager in Mumbai

Bank of Maharashtra Branch Manager Salary

5 - 10 years exp. (6 salaries)

₹10 L/yr - ₹16 L/yr

Company name	Avg Annual Salary	Open Jobs
Yes Bank Branch Manager Salary 7 - 19 years exp. (84 salaries)	₹8.3 L/yr - ₹26 L/yr 6% more	6 job openings
IndusInd Bank Branch Manager Salary 7 - 20 years exp. (77 salaries)	₹7.6 L/yr - ₹25 L/yr 5% more	133 job openings
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IDFC FIRST Bank Branch Manager Salary 6 - 20 years exp. (52 salaries)	₹8 L/yr - ₹27.8 L/yr 12% more	3 job openings
AU Small Finance Bank Branch Manager Salary 5 - 18 years exp. (28 salaries)	₹5 L/yr - ₹21.3 L/yr 20% less	2 job openings
Jana Small Finance Bank Branch Manager Salary 8 - 16 years exp. (16 salaries)	₹6.3 L/yr - ₹17 L/yr 36% less	1 job opening
Equitas Small Finance Bank Branch Manager Salary 6 - 15 years exp. (15 salaries)	₹5.8 L/yr - ₹16 L/yr 37% less	27 job openings
Standard Chartered Branch Manager Salary 12 - 17 years exp. (13 salaries)	₹18 L/yr - ₹46 L/yr 83% more
Bank of India Branch Manager Salary 6 - 12 years exp. (8 salaries)	₹10 L/yr - ₹18 L/yr 10% less
IDBI Bank Branch Manager Salary 9 - 18 years exp. (6 salaries)	₹12 L/yr - ₹32 L/yr 59% more
Bank of Baroda Branch Manager Salary 9 - 14 years exp. (6 salaries)	₹10 L/yr - ₹25 L/yr 19% more
DBS Bank Branch Manager Salary 7 - 16 years exp. (4 salaries)	₹8 L/yr - ₹20 L/yr 14% less
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Branch Manager salary at Bank of Maharashtra ranges between ₹10 Lakhs to ₹16 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 6 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Branch Manager salaries in Mumbai

Last Updated: 26 Oct 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹12 L/yr - ₹15.3 L/yr
6 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹15.9 L/yr
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7 years (3 salaries)	₹10 L/yr - ₹16 L/yr
8 years (AmbitionBox Estimate)	₹13.4 L/yr - ₹17.1 L/yr
9 years (AmbitionBox Estimate)	₹13.9 L/yr - ₹17.7 L/yr
10 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.3 L/yr

View all

Similar Designation salaries in Bank of Maharashtra

Chief Manager Salary

(4 salaries)

₹15 L/yr - ₹35 L/yr

Deputy Manager Salary

(4 salaries)

₹5.4 L/yr - ₹9.2 L/yr

Salary related reviews for Bank of Maharashtra

2.1

Rated by 3 employees for salary & benefits

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

Salary - Good

+1 more

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.

Skill development - Poor

+4 more

Operations Manager in Pune

Operations Department

1.0

• posted on 09 Dec 2021

3.0

for Salary and Benefits

Likes

Nothing Except the Means as providing salary but in vain. Job is secure but Life is not.

Job security - Good

+1 more

Dislikes

Discriminative, insulting, Torturous, Biased, Zero Work life balance, Unsupportive, No life security includes forced Unhealthy routines leads to serious health problems, Chaotic, tensed ambiance and many.

Skill development - Poor

+3 more

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.

Salary - Good

+5 more

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.

Job security - Good

+2 more

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.

Salary - Poor

+2 more

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.

Job security - Good

+1 more

Dislikes

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

Salary - Bad

+4 more

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Bank of Maharashtra Branch Manager Salary FAQs

What is the salary of Branch Manager at Bank of Maharashtra in Mumbai?

The average salary of a Branch Manager at Bank of Maharashtra in Mumbai typically ranges from ₹10.0 Lakhs to ₹16.0 Lakhs per year, depending on experience (from 5 years to 10 years).

The top 10% of Branch Manager in Mumbai at Bank of Maharashtra earn more than ₹15.8 Lakhs per year, and the top 1% earn over ₹16.0 Lakhs per year. Branch Manager Salaries at Bank of Maharashtra 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 6 Bank of Maharashtra employees in India.

What is the estimated take home salary of a Branch Manager at Bank of Maharashtra in Mumbai?

The estimated take-home salary of a Branch Manager at Bank of Maharashtra in Mumbai typically ranges from ₹1,04,357 to ₹1,07,219 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹16.0 Lakhs per year for employees with experience ranging from 5 years to 10 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 6 salaries received from various employees of Bank of Maharashtra. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bank of Maharashtra for Branch Manager in India?

Standard Chartered	₹18.0 Lakhs to ₹46.0 Lakhs per year
IDBI Bank	₹12.0 Lakhs to ₹32.0 Lakhs per year
Bank of Baroda	₹10.0 Lakhs to ₹25.0 Lakhs per year
IDFC FIRST Bank	₹8.0 Lakhs to ₹27.8 Lakhs per year
Yes Bank	₹8.3 Lakhs to ₹26.0 Lakhs per year

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

What is the salary of a Branch Manager in companies similar to Bank of Maharashtra in Mumbai?

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

IndusInd Bank	₹7.6 Lakhs to ₹25.0 Lakhs per year
Bank of India	₹10.0 Lakhs to ₹18.0 Lakhs per year
DBS Bank	₹8.0 Lakhs to ₹20.0 Lakhs per year
AU Small Finance Bank	₹5.0 Lakhs to ₹21.3 Lakhs per year
Jana Small Finance Bank	₹6.3 Lakhs to ₹17.0 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 Branch Manager at Bank of Maharashtra in Mumbai?

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

Experience	Average Salary Range
5 years	₹12.0 Lakhs to ₹15.3 Lakhs per year
6 years	₹12.5 Lakhs to ₹15.9 Lakhs per year
7 years	₹10.0 Lakhs to ₹16.0 Lakhs per year
8 years	₹13.4 Lakhs to ₹17.1 Lakhs per year

and so on.

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Bank of Maharashtra Branch Manager Salaries in Mumbai

Bank of Maharashtra Branch Manager salary in Mumbai ranges between ₹10 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.