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Bank of Maharashtra

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3.5

based on 303 Reviews

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Bank of Maharashtra Salaries in Mumbai

based on 143 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Finance & Accounting Human Resources Customer Success, Service & Operations + 2 more
Designation Avg Annual Salary Open Jobs

Assistant General Manager

10 - 13 years exp. · Mumbai (7 salaries)
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₹24 L/yr - ₹35 L/yr

HR Manager

5 - 11 years exp. · Mumbai (7 salaries)
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₹7 L/yr - ₹8 L/yr

Branch Manager

5 - 10 years exp. · Mumbai (6 salaries)
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₹10 L/yr - ₹16 L/yr

Chief Manager

10 - 14 years exp. · Mumbai (4 salaries)
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₹15 L/yr - ₹35 L/yr

Starting your career? Discover Bank of Maharashtra fresher salaries in India

Deputy Manager

1 - 8 years exp. · Mumbai (4 salaries)
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₹5.4 L/yr - ₹9.2 L/yr

Credit Officer

10 - 11 years exp. · Mumbai (3 salaries)
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₹14.1 L/yr - ₹20 L/yr

Executive Assistant

0 - 5 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.7 L/yr

Project Controller

2 - 3 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.7 L/yr

Senior Manager Treasury

8 - 9 years exp. · Mumbai (AmbitionBox Estimate)
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₹16.4 L/yr - ₹21 L/yr

Deputy Manager HR

6 - 8 years exp. · Mumbai (AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.7 L/yr

Area Credit Manager

11 - 12 years exp. · Mumbai (AmbitionBox Estimate)
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₹23.9 L/yr - ₹30.5 L/yr

Credit Manager

8 - 9 years exp. · Mumbai (AmbitionBox Estimate)
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₹14 L/yr - ₹16 L/yr

Zonal Business Manager

5 - 6 years exp. · Mumbai (AmbitionBox Estimate)
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₹16.2 L/yr - ₹20.7 L/yr

Forex Officer

1 - 3 years exp. · Mumbai (AmbitionBox Estimate)
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₹8.1 L/yr - ₹10.4 L/yr

Trainee

2 - 3 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

Banking Assistant

0 - 5 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.5 L/yr - ₹2 L/yr

Application Support Engineer

2 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr

Senior Manager Credit

10 - 11 years exp. · Mumbai (AmbitionBox Estimate)
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₹15 L/yr - ₹18 L/yr

Manager Hrbp

5 - 6 years exp. · Mumbai (AmbitionBox Estimate)
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₹14.9 L/yr - ₹19 L/yr

Manager Scale II

7 - 9 years exp. · Mumbai (AmbitionBox Estimate)
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₹12.2 L/yr - ₹15 L/yr

Last Updated: 17 Dec, 2024

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2w
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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Salary related reviews for Bank of Maharashtra

3.7

Rated by 22 employees for salary & benefits

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.

read more

Dislikes

Pessimistic business approach.

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.

read more

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.

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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.

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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

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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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see more salary related reviews

Bank of Maharashtra interview questions by designations

Manager (5)Assistant Manager (3)HR Manager (1)Java Developer (1)
View all 17 interview experiences

Know more about Bank of Maharashtra Mumbai

More about working at Bank of Maharashtra

Bank of Maharashtra Salary FAQs

How much does Bank of Maharashtra pay per year?
The average Bank of Maharashtra salary ranges from approximately ₹1 Lakh to ₹1.2 Lakh per year for a Apprentice and ₹24 Lakhs to ₹42 Lakhs per year for a Assistant General Manager. Salary estimates are based on 143 Bank of Maharashtra salaries received from various employees of Bank of Maharashtra. Bank of Maharashtra employees rate the overall salary and benefits package 3.7/5 stars.
What is the highest salary in Bank of Maharashtra?
The highest-paying job at Bank of Maharashtra is a Assistant General Manager with a salary of ₹24 Lakhs to ₹42 Lakhs per year. The top 10% of employees earn more than ₹22 lakhs per year. The top 1% earn more than a whopping ₹38 lakhs per year.
What is the minimum salary in Bank of Maharashtra?
Minimum salary at Bank of Maharashtra depends on the role you are applying for. For Probationary Officer the minimum salary is ₹0.5 Lakh to ₹8 Lakhs per year, and for Deputy Manager the minimum salary is ₹5 Lakhs to ₹12.2 Lakhs per year and so on.
What is the salary package for freshers in Bank of Maharashtra?
The average salary at Bank of Maharashtra for freshers is ₹6.1 Lakhs per year for Probationary Officer.
What is the notice period at Bank of Maharashtra in Mumbai?
According to AmbitionBox, 51% of the Bank of Maharashtra employees in Mumbai reported a notice period of 3 Months, 21% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 105 responses on AmbitionBox in last 2 years.

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Bank of Maharashtra Mumbai Salaries by Department

Average annual salary in Bank of Maharashtra , Mumbai is INRunlock blur . Salary estimates are based on 143 Bank of Maharashtra latest salaries received from various employees of Bank of Maharashtra.

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