Bank of Maharashtra Manager Scale II Salaries by 8 Employees

0 - 9 years exp.

₹9 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

At par with the average Manager Scale II Salary in Banking Companies for 0 - 9 years of experience

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Salaries in different departments

Finance & Accounting Manager Scale II Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹10.4 L/yr - ₹13 L/yr
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Sales & Business Development Manager Scale II Salary 7 - 9 years exp. (AmbitionBox Estimate)	₹12.1 L/yr - ₹15 L/yr

Last Updated: 30 Nov 2023

Companies similar to Bank of Maharashtra for Manager Scale II

Company name	Avg Annual Salary	Open Jobs
Federal Bank Manager Scale II Salary 4 - 8 years exp. (14 salaries)	₹6.2 L/yr - ₹22.2 L/yr 18% more
Bank of Baroda Manager Scale II Salary 3 - 11 years exp. (13 salaries)	₹7.2 L/yr - ₹18 L/yr At par
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UCO Bank Manager Scale II Salary 3 - 8 years exp. (5 salaries)	₹5 L/yr - ₹14 L/yr 29% less
DBS Bank Manager Scale II Salary 10 - 17 years exp. (4 salaries)	₹8 L/yr - ₹8.5 L/yr 33% less
Indian Bank Manager Scale II Salary 4 - 8 years exp. (4 salaries)	₹11.5 L/yr - ₹18 L/yr 15% more
IDBI Bank Manager Scale II Salary 10 - 12 years exp. (3 salaries)	₹7 L/yr - ₹23 L/yr 21% more
Indian Overseas Bank Manager Scale II Salary 7 - 10 years exp. (3 salaries)	₹7 L/yr - ₹16 L/yr 6% less

Manager Scale II salary at Bank of Maharashtra ranges between ₹9 Lakhs to ₹15 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 8 latest salaries received from various employees of Bank of Maharashtra.

Experience wise Bank of Maharashtra Manager Scale II salaries

Last Updated: 30 Nov 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹10 L/yr - ₹20.7 L/yr
1 year (AmbitionBox Estimate)	₹9 L/yr - ₹21 L/yr
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2 years (AmbitionBox Estimate)	₹10 L/yr - ₹21.4 L/yr
3 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹21.7 L/yr
4 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹22 L/yr
5 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 L/yr
6 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹14.5 L/yr
7 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹14 L/yr
8 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
9 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹15 L/yr

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Salary related reviews for Bank of Maharashtra

5.0

Rated by 1 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

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

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

Salary - Good

+2 more

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.

Skill development - Bad

+3 more

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Bank of Maharashtra Manager Scale II Salary FAQs

What is the salary of Manager Scale II at Bank of Maharashtra ?

The average salary of a Manager Scale II at Bank of Maharashtra in India typically ranges from ₹9.0 Lakhs to ₹15.0 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Manager Scale II at Bank of Maharashtra earn more than ₹14.7 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Manager Scale II 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 8 Bank of Maharashtra employees in India.

What is the estimated take home salary of a Manager Scale II at Bank of Maharashtra in India?

The estimated take-home salary of a Manager Scale II at Bank of Maharashtra in India typically ranges from ₹88,215 to ₹90,530 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from Fresher to 9 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 8 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 Manager Scale II in India?

IDBI Bank	₹7.0 Lakhs to ₹23.0 Lakhs per year
Federal Bank	₹6.2 Lakhs to ₹22.2 Lakhs per year
Indian Bank	₹11.5 Lakhs to ₹18.0 Lakhs per year
Bank of Baroda	₹7.2 Lakhs to ₹18.0 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 Manager Scale II in companies similar to Bank of Maharashtra in India?

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

Indian Overseas Bank	₹7.0 Lakhs to ₹16.0 Lakhs per year
UCO Bank	₹5.0 Lakhs to ₹14.0 Lakhs per year
DBS Bank	₹8.0 Lakhs to ₹8.5 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 Manager Scale II at Bank of Maharashtra in India?

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

Experience	Average Salary Range
Fresher	₹10.0 Lakhs to ₹20.7 Lakhs per year
1 year	₹9.0 Lakhs to ₹21.0 Lakhs per year
2 years	₹10.0 Lakhs to ₹21.4 Lakhs per year
3 years	₹9.5 Lakhs to ₹21.7 Lakhs per year

and so on.

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Bank of Maharashtra Manager Scale II Salaries

Bank of Maharashtra Manager Scale II salary in India ranges between ₹9 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.