Federal Bank Wealth Manager Salaries by 4 Employees (Updated 2024)

8 - 10 years exp.

₹18 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

159% more than the average Wealth Manager Salary in Banking Companies for 8 - 10 years of experience

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Last Updated: 6 May 2024

Companies similar to Federal Bank for Wealth Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Wealth Manager Salary 0 - 3 years exp. (37 salaries)	₹7.5 L/yr - ₹23 L/yr 32% less
ICICI Bank Wealth Manager Salary 0 - 13 years exp. (986 salaries)	₹4 L/yr - ₹12 L/yr 57% less
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Axis Bank Wealth Manager Salary 3 - 11 years exp. (20 salaries)	₹7.5 L/yr - ₹13.5 L/yr 53% less
State Bank of India Wealth Manager Salary 4 - 10 years exp. (42 salaries)	₹5.5 L/yr - ₹15 L/yr 48% less
Kotak Mahindra Bank Wealth Manager Salary 1 - 11 years exp. (16 salaries)	₹5.5 L/yr - ₹13 L/yr 55% less
IndusInd Bank Wealth Manager Salary 5 - 15 years exp. (35 salaries)	₹7 L/yr - ₹22.1 L/yr 29% less
Yes Bank Wealth Manager Salary 2 - 10 years exp. (20 salaries)	₹5.5 L/yr - ₹15.4 L/yr 47% less
IDFC FIRST Bank Wealth Manager Salary 0 - 11 years exp. (45 salaries)	₹6 L/yr - ₹15.2 L/yr 53% less
RBL Bank Wealth Manager Salary 0 - 8 years exp. (4 salaries)	₹8.5 L/yr - ₹11 L/yr 47% less

Wealth Manager salary at Federal Bank ranges between ₹18 Lakhs to ₹20 Lakhs per year for employees with experience between 8 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Federal Bank.

Experience wise Federal Bank Wealth Manager salaries

Last Updated: 6 May 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹18 L/yr - ₹18 L/yr
9 years (AmbitionBox Estimate)	₹18.5 L/yr - ₹33.9 L/yr
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10 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹20 L/yr

Similar Designation salaries in Federal Bank

Branch Manager Salary

(42 salaries)

₹7.4 L/yr - ₹20 L/yr

Deputy Manager Salary

(6 salaries)

₹4.5 L/yr - ₹13.98 L/yr

Sales Manager Salary

(12 salaries)

₹4.5 L/yr - ₹6.6 L/yr

Area Manager Salary

(3 salaries)

₹6.2 L/yr - ₹10 L/yr

Chief Manager Salary

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₹12 L/yr - ₹20 L/yr

Private Banker Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Relationship Manager Salary

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₹2 L/yr - ₹4.4 L/yr

Branch Head Salary

(44 salaries)

₹6.41 L/yr - ₹22 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Deputy Manager Grade 2 Salary

(AmbitionBox Estimate)

₹9.5 L/yr - ₹12.1 L/yr

Salary related reviews for Federal Bank

4.0

Rated by 1 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.

Associate Vice President in Thiruvananthapuram

Customer Success, Service & Operations Department

4.0

• posted on 20 Apr 2022

4.0

for Salary and Benefits

Likes

...ing.If we are deserving n performing well ,we will be noticed by the higher ups.Fair appraisals and good compensation n allowances also.

Dislikes

Top management decisions and policies are not conveyed to field level employees n we feel aliens at times.There should be a platform where one can raise a concern directly to a top leader.

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

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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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Federal Bank Wealth Manager Salary FAQs

What is the salary of Wealth Manager at Federal Bank?

Wealth Manager salary at Federal Bank in India ranges between ₹18.0 Lakhs to ₹20.0 Lakhs for experience between 8 years to 10 years. According to our estimates it is 159% more than the average Wealth Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Federal Bank India.

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

The average salary of a Wealth Manager at Federal Bank is 159% more than the average salary of a Wealth Manager in India. To know exact salary insights, login to view.

What is the salary of a Wealth Manager in companies similar to Federal Bank in India?

IndusInd Bank Wealth Manager Salary - ₹7.0 Lakhs to ₹22.1 Lakhs per year
HDFC Bank Wealth Manager Salary - ₹7.5 Lakhs to ₹23.0 Lakhs per year
Yes Bank Wealth Manager Salary - ₹5.5 Lakhs to ₹15.4 Lakhs per year
RBL Bank Wealth Manager Salary - ₹8.5 Lakhs to ₹11.0 Lakhs per year
State Bank of India Wealth Manager Salary - ₹5.5 Lakhs to ₹15.0 Lakhs per year

What is the estimated take home salary of a Wealth Manager at Federal Bank in India?

The estimated take-home salary of a Wealth Manager at Federal Bank ranges between ₹1,25,825 per month to ₹1,29,858 per month in India. The take-home salary calculation is based on the average Federal Bank Wealth Manager salary in India which ranges between ₹18.0 Lakhs to ₹20.0 Lakhs per year for employees with experience between 8 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Wealth Manager at Federal Bank?

According to AmbitionBox, 100% of the Federal Bank Wealth Managers reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Federal Bank Wealth Manager Salaries

Federal Bank Wealth Manager salary in India ranges between ₹18 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Federal Bank latest salaries received from various employees of Federal Bank.