HSBC Group IT Service Manager Salaries by 6 Employees (Updated 2025)

10 - 18 years exp.

₹20 Lakhs - ₹28.6 Lakhs

Low Confidence

Salary of majority employees

83% more than the average IT Service Manager Salary in Financial Services Companies for 10 - 18 years of experience

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Salaries in different departments

IT & Information Security IT Service Manager Salary 12 - 15 years exp. (AmbitionBox Estimate)	₹22 L/yr - ₹26 L/yr
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Engineering - Software & QA IT Service Manager Salary 11 years exp. (AmbitionBox Estimate)	₹25.7 L/yr - ₹31.5 L/yr

Last Updated: 4 Jan 2025

Companies similar to HSBC Group for IT Service Manager

Company name	Avg Annual Salary	Open Jobs
Wells Fargo IT Service Manager Salary 4 - 6 years exp. (3 salaries)	₹7.5 L/yr - ₹17 L/yr 55% less
Accenture IT Service Manager Salary 2 - 14 years exp. (51 salaries)	₹5.1 L/yr - ₹20 L/yr 51% less
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TCS IT Service Manager Salary 2 - 13 years exp. (49 salaries)	₹4 L/yr - ₹13.6 L/yr 68% less
Wipro IT Service Manager Salary 1 - 13 years exp. (22 salaries)	₹4.8 L/yr - ₹18 L/yr 50% less
Cognizant IT Service Manager Salary 3 - 15 years exp. (17 salaries)	₹6.5 L/yr - ₹23 L/yr 41% less

IT Service Manager salary at HSBC Group ranges between ₹20 Lakhs to ₹28.6 Lakhs per year for employees with experience between 10 years to 18 years. Salary estimates are based on 6 latest salaries received from various employees of HSBC Group.

Experience wise HSBC Group IT Service Manager salaries

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹27.6 L/yr - ₹50.8 L/yr
11 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹28.6 L/yr
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12 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹26 L/yr
13 years (AmbitionBox Estimate)	₹22.2 L/yr - ₹28.3 L/yr
14 years (AmbitionBox Estimate)	₹21.1 L/yr - ₹27 L/yr
15+ years (3 salaries)	₹20 L/yr - ₹22 L/yr

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Salary related reviews for HSBC Group

5.0

Rated by 1 employees for salary & benefits

Devops Engineer in Pune

Full Time

Engineering - Software & QA Department

4.0

• posted on 26 Dec 2024

3.0

for Salary and Benefits

Likes

If you are looking for Growth in work and Good work culture and work life balance then HSBC is definitely one of the best options.

Skill development - Good

+4 more

Dislikes

Appraisals and Promotions are not good. Pay wise you may not feel satisfied ever. Good for 35 + people who are already in good carreer bands.

Senior Associate in Bangalore / Bengaluru

Full Time

Risk Management & Compliance Department

5.0

• posted on 20 Oct 2023

3.0

for Salary and Benefits

Likes

I am impressed with my workplace which is mostly work from home. The atmosphere here is incredible supportive, fostering both personal and professional growth. The team is also like a family and make each day enjoyable.

Skill development - Good

+5 more

Dislikes

In the like comment, I have mentioned that its Hybrid or majority work from home, the salary structure is kind of average. In the beginning we used to claim our internet bills. However, they removed the internet bill reimbursement policy recently. Hope we wish to get it back so that I could give 5 star for salary and benefits next time. Some people would laugh at this dislike but many would know.

Analyst in Bangalore / Bengaluru

Full Time

Finance & Accounting Department

2.0

• posted on 22 May 2023

4.0

for Salary and Benefits

Likes

...licies in place in theory. In practice it all depends on your team and managers. In my experience I haven’t seen many positives apart from pay , but if your team is okay, it might work out very well

Salary - Good

+1 more

Dislikes

Again it’s all contingent on the team. The company has excellent policies in place and if allowed to work will create a great work environment

Job security - Poor

+3 more

Senior Analyst in Kolkata

Full Time

Risk Management & Compliance Department

4.0

• posted on 22 Apr 2022

2.0

for Salary and Benefits

Likes

I like the culture of the company, the way company supports women empowerment.

Job security - Excellent

+1 more

Dislikes

...ncy. Sone manages make it hard for the analysts to maintain work life balance. Salary growth is very slow.

Salary - Poor

+2 more

Software Engineer in Pune

Full Time

Engineering - Software & QA Department

3.0

• posted on 11 Feb 2022

1.0

for Salary and Benefits

Likes

Work culture varies from team to team. HSBC is a bureaucratic mess. The management is clueless about what is happening and just throws around the latest buzzwords like a parrot There is a lot of scope to develop your skills and learn as there is no one here who knows anything and you yourself have to take up the initiative to do things

Skill development - Good

+2 more

Dislikes

Compensation is poor There are no procedures in place to accomplish things but their feature list is too long, expectations are high and timelines are too tight

Salary - Bad

+2 more

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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HSBC Group IT Service Manager Salary FAQs

What is the salary of IT Service Manager at HSBC Group?

IT Service Manager salary at HSBC Group in India ranges between ₹20.0 Lakhs to ₹28.6 Lakhs for experience between 10 years to 18 years. According to our estimates it is 83% more than the average IT Service Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of HSBC Group India.

How does the salary of a IT Service Manager at HSBC Group India compare with the average salary range for this job?

The average salary of a IT Service Manager at HSBC Group is 83% more than the average salary of a IT Service Manager in India. To know exact salary insights, login to view.

What is the salary of a IT Service Manager in companies similar to HSBC Group in India?

Cognizant IT Service Manager Salary - ₹6.5 Lakhs to ₹23.0 Lakhs per year
Wipro IT Service Manager Salary - ₹4.8 Lakhs to ₹18.0 Lakhs per year
Accenture IT Service Manager Salary - ₹5.1 Lakhs to ₹20.0 Lakhs per year
Wells Fargo IT Service Manager Salary - ₹7.5 Lakhs to ₹17.0 Lakhs per year
TCS IT Service Manager Salary - ₹4.0 Lakhs to ₹13.6 Lakhs per year

What is the estimated take home salary of a IT Service Manager at HSBC Group in India?

The estimated take-home salary of a IT Service Manager at HSBC Group ranges between ₹1,51,015 per month to ₹1,56,706 per month in India. The take-home salary calculation is based on the average HSBC Group IT Service Manager salary in India which ranges between ₹20.0 Lakhs to ₹28.6 Lakhs per year for employees with experience between 10 years to 18 years. Check how did we calculate take home salary?

What is the notice period for IT Service Manager at HSBC Group?

According to AmbitionBox, 67% of the HSBC Group IT Service Managers reported a notice period of 2 Months, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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HSBC Group IT Service Manager Salaries

HSBC Group IT Service Manager salary in India ranges between ₹20 Lakhs to ₹28.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 HSBC Group latest salaries received from various employees of HSBC Group.