Federal Bank Mumbai Senior Manager Salaries by 40+ Employees (Updated 2024)

6 - 15 years exp.

₹12 Lakhs - ₹29.5 Lakhs

Salary of majority employees

9% more than the average Senior Manager Salary in Banking Companies for 6 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 6 - 13 years exp. (21 salaries)	₹12 L/yr - ₹28 L/yr
Finance & Accounting Senior Manager Salary 8 - 14 years exp. (6 salaries)	₹15 L/yr - ₹25 L/yr
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Risk Management & Compliance Senior Manager Salary 11 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹23.4 L/yr
Customer Success, Service & Operations Senior Manager Salary 14 years exp. (AmbitionBox Estimate)	₹18.6 L/yr - ₹22.9 L/yr
Sales & Business Development Senior Manager Salary 6 years exp. (AmbitionBox Estimate)	₹23.4 L/yr - ₹24 L/yr

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Last Updated: 12 Dec 2024

Companies similar to Federal Bank for Senior Manager in Mumbai

Federal Bank Senior Manager Salary

6 - 15 years exp. (48 salaries)

₹12 L/yr - ₹29.5 L/yr

Company name	Avg Annual Salary	Open Jobs
State Bank of India Senior Manager Salary 7 - 15 years exp. (21 salaries)	₹9 L/yr - ₹35 L/yr 5% less
ICICI Bank Senior Manager Salary 1 - 20 years exp. (591 salaries)	₹9.1 L/yr - ₹28.9 L/yr 25% less
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HDFC Bank Senior Manager Salary 3 - 21 years exp. (2.3k salaries)	₹8.5 L/yr - ₹26 L/yr 30% less
Axis Bank Senior Manager Salary 3 - 21 years exp. (2k salaries)	₹8.8 L/yr - ₹27.1 L/yr 27% less	1 job opening
Kotak Mahindra Bank Senior Manager Salary 0 - 19 years exp. (1.4k salaries)	₹6.5 L/yr - ₹23.3 L/yr 43% less
Yes Bank Senior Manager Salary 2 - 19 years exp. (994 salaries)	₹6.5 L/yr - ₹22.1 L/yr 44% less
IDFC FIRST Bank Senior Manager Salary 2 - 18 years exp. (577 salaries)	₹7.1 L/yr - ₹26.5 L/yr 33% less
IndusInd Bank Senior Manager Salary 6 - 17 years exp. (139 salaries)	₹5.5 L/yr - ₹22.7 L/yr 45% less
RBL Bank Senior Manager Salary 1 - 17 years exp. (345 salaries)	₹6.5 L/yr - ₹18 L/yr 46% less
Punjab National Bank Senior Manager Salary 7 - 13 years exp. (29 salaries)	₹10.9 L/yr - ₹35.2 L/yr 5% less
Union Bank of India Senior Manager Salary 8 - 15 years exp. (86 salaries)	₹10 L/yr - ₹33 L/yr 8% less
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Canara Bank Senior Manager Salary 7 - 14 years exp. (28 salaries)	₹12 L/yr - ₹28 L/yr 1% less
Bandhan Bank Senior Manager Salary 6 - 17 years exp. (24 salaries)	₹7.4 L/yr - ₹15 L/yr 47% less
Central Bank of India Senior Manager Salary 7 - 15 years exp. (22 salaries)	₹12.1 L/yr - ₹25 L/yr 10% less
Jana Small Finance Bank Senior Manager Salary 6 - 14 years exp. (15 salaries)	₹4.9 L/yr - ₹12 L/yr 59% less
UCO Bank Senior Manager Salary 9 - 13 years exp. (10 salaries)	₹16 L/yr - ₹30 L/yr 14% less
Karur Vysya Bank Senior Manager Salary 9 - 16 years exp. (8 salaries)	₹15 L/yr - ₹20 L/yr 22% less
Karnataka Bank Senior Manager Salary 11 - 13 years exp. (4 salaries)	₹9.3 L/yr - ₹19 L/yr 36% less
Corporation Bank Senior Manager Salary 7 - 12 years exp. (4 salaries)	₹7 L/yr - ₹18 L/yr 46% less

Senior Manager salary at Federal Bank ranges between ₹12 Lakhs to ₹29.5 Lakhs per year for employees with experience between 6 years to 15 years. Salary estimates are based on 48 latest salaries received from various employees of Federal Bank.

Experience wise Federal Bank Senior Manager salaries in Mumbai

Last Updated: 12 Dec 2024

Experience	Avg Annual Salary
6 years (4 salaries)	₹22 L/yr - ₹28 L/yr
7 years (4 salaries)	₹16 L/yr - ₹26 L/yr
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8 years (7 salaries)	₹12 L/yr - ₹41.1 L/yr
9 years (7 salaries)	₹15 L/yr - ₹29.5 L/yr
10 years (11 salaries)	₹14 L/yr - ₹23.5 L/yr
11 years (7 salaries)	₹18 L/yr - ₹41.5 L/yr
12 years (3 salaries)	₹18 L/yr - ₹28 L/yr
13 years (AmbitionBox Estimate)	₹13.6 L/yr - ₹41.8 L/yr
14 years (3 salaries)	₹18.6 L/yr - ₹25 L/yr
15+ years (AmbitionBox Estimate)	₹20 L/yr - ₹42 L/yr

View all

Similar Designation salaries in Federal Bank

Territory Manager Salary

(6 salaries)

₹15 L/yr - ₹16 L/yr

Marketing Manager Salary

(3 salaries)

₹15 L/yr - ₹16 L/yr

Salary related reviews for Federal Bank

4.6

Rated by 7 employees for salary & benefits

Branch Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 May 2022

4.0

for Salary and Benefits

Likes

... 2. HR policies are favorable for employees. 3. Sales pressure is moderate. 4. Joining salary is one of the best in the industry.

Dislikes

1. Unclear process for business development. 2. Union culture, a hurdle in work culture. 3. Learning is confined. 4. No performance linked incentive & annual increments are peanuts.

Assistant Manager in Khambhalia

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Only salary and perks are good

Dislikes

and if talking about work life balance no such thing lies in Federal Bank. No one care about you if you're posted in rural branch you'll be like nothing for management. No one will talk about your career growth this is pathetic about federal bank

Self Employed Professional in Rajkot

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 30 May 2024

4.0

for Salary and Benefits

Likes

One thing I like is that the salary comes on time. And others allowance.

Dislikes

There are many things that are not good in the bank. Like work time 'starting from 9:45 every morning and have no idea when to come back almost 12 hours work everyday. Thus the employee's private life remains nothing. Neither he can take time for himself nor can he give time to his family. Another thing is that he does not give transfer near the employee's house. He does not understand anyone's situation. Due to such an environment, the employee becomes frustrated and prone to leave the job. It is requested to think about the employee and take a good solution for not hiding from the site after reading the review. And do not discriminate between male and female employees regarding office time and transfer.

Assistant Manager Operations in Kochi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 14 May 2024

5.0

for Salary and Benefits

Likes

Salary and other compensation reimbursement and job security

Dislikes

Work life balance is worst.. if sales is not your thing you wont get any credit for other operational work done by you. Banking is all about selling insurance products

Associate in Dharmapuri

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 19 Apr 2024

4.0

for Salary and Benefits

Likes

Salary is very good, job security and culture is better than other private banks

Dislikes

Won’t get transfers easily, some managers can be very disrespectful. No work life balance especially when it comes to leaves for personal needs

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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Federal Bank Senior Manager Salary FAQs

What is the salary of Senior Manager at Federal Bank Mumbai?

Senior Manager salary at Federal Bank in Mumbai ranges between ₹12.0 Lakhs to ₹29.5 Lakhs for experience between 6 years to 15 years. According to our estimates it is 9% more than the average Senior Manager Salary in India. Salary estimates are based on 48 latest salaries received from various employees of Federal Bank Mumbai.

How does the salary of a Senior Manager at Federal Bank Mumbai compare with the average salary range for this job?

The average salary of a Senior Manager at Federal Bank is 9% more than the average salary of a Senior Manager in Mumbai. To know exact salary insights, login to view.

What is the salary of a Senior Manager in companies similar to Federal Bank in Mumbai?

Canara Bank Senior Manager Salary - ₹12.0 Lakhs to ₹28.0 Lakhs per year
Punjab National Bank Senior Manager Salary - ₹10.9 Lakhs to ₹35.2 Lakhs per year
State Bank of India Senior Manager Salary - ₹9.0 Lakhs to ₹35.0 Lakhs per year
Union Bank of India Senior Manager Salary - ₹10.0 Lakhs to ₹33.0 Lakhs per year
Central Bank of India Senior Manager Salary - ₹12.1 Lakhs to ₹25.0 Lakhs per year

What is the estimated take home salary of a Senior Manager at Federal Bank in Mumbai?

The estimated take-home salary of a Senior Manager at Federal Bank ranges between ₹1,47,870 per month to ₹1,53,419 per month in Mumbai. The take-home salary calculation is based on the average Federal Bank Senior Manager salary in India which ranges between ₹12.0 Lakhs to ₹29.5 Lakhs per year for employees with experience between 6 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Senior Manager at Federal Bank in Mumbai?

According to AmbitionBox, 90% of the Federal Bank Senior Managers in Mumbai reported a notice period of 3 Months, 5% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

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Federal Bank Senior Manager Salaries in Mumbai

Federal Bank Senior Manager salary in Mumbai ranges between ₹12 Lakhs to ₹29.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 48 Federal Bank latest salaries received from various employees of Federal Bank.