Idbi Asset Management Mumbai Assistant Manager Salaries by 6 Employees (Updated 2024)

1 - 5 years exp.

₹4.6 Lakhs - ₹6 Lakhs

Salary of majority employees

36% less than the average Assistant Manager Salary for 1 - 5 years of experience

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Last Updated: 26 Aug 2023

Companies similar to Idbi Asset Management for Assistant Manager in Mumbai

Idbi Asset Management Assistant Manager Salary

1 - 5 years exp. (6 salaries)

₹4.6 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Asset Management Company Assistant Manager Salary 1 - 8 years exp. (83 salaries)	₹4 L/yr - ₹10.4 L/yr 36% more
ICICI Prudential Mutual Fund Assistant Manager Salary 0 - 9 years exp. (231 salaries)	₹3.5 L/yr - ₹7.5 L/yr At par
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SBI Funds Management Assistant Manager Salary 2 - 8 years exp. (16 salaries)	₹3.6 L/yr - ₹7.2 L/yr 14% more
Nippon Life India Asset Management Assistant Manager Salary 3 - 9 years exp. (19 salaries)	₹5 L/yr - ₹8 L/yr 22% more
Kotak Mahindra Asset Management Company Assistant Manager Salary 1 - 7 years exp. (30 salaries)	₹2.4 L/yr - ₹7 L/yr 13% less
Aditya Birla Health Insurance Co Assistant Manager Salary 0 - 9 years exp. (214 salaries)	₹2.4 L/yr - ₹9.5 L/yr 7% more
UTI Asset Management Company Assistant Manager Salary 1 - 7 years exp. (27 salaries)	₹4 L/yr - ₹9 L/yr 24% more
Franklin Templeton Investments Assistant Manager Salary 6 - 14 years exp. (8 salaries)	₹8 L/yr - ₹19.5 L/yr 152% more
DSP Investment Managers Assistant Manager Salary 1 - 9 years exp. (23 salaries)	₹5 L/yr - ₹13 L/yr 69% more
Axis Asset Management Company Assistant Manager Salary 1 - 10 years exp. (16 salaries)	₹3.6 L/yr - ₹8 L/yr 10% more
JioMart Assistant Manager Salary 3 - 12 years exp. (15 salaries)	₹3.2 L/yr - ₹7.5 L/yr 1% more
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Huawei Technologies Assistant Manager Salary 11 - 14 years exp. (4 salaries)	₹7.2 L/yr - ₹15.1 L/yr 95% more

Assistant Manager salary at Idbi Asset Management ranges between ₹4.6 Lakhs to ₹6 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Idbi Asset Management.

Experience wise Idbi Asset Management Assistant Manager salaries in Mumbai

Last Updated: 26 Aug 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.1 L/yr - ₹5.5 L/yr
2 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹9.4 L/yr
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3 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹6 L/yr
4 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹9.4 L/yr
5 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹9.4 L/yr

Similar Designation salaries in Idbi Asset Management

Customer Service Executive Salary

(3 salaries)

₹2 L/yr - ₹3 L/yr

Support Staff Salary

(3 salaries)

₹2.1 L/yr - ₹3 L/yr

Salary related reviews for Idbi Asset Management

1.0

Rated by 1 employees for salary & benefits

Assistant Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 11 Jun 2023

1.0

for Salary and Benefits

Likes

The people, except for the Management, are really helpful.

Dislikes

...le there can ever be. The MD ( Raj Kishore Singh) never cared for the employees. No increment, no bonus nothing. He just rejected anything which was to be done in favour of employees. Marketing head Ajit Goswami is the worst of human there can ever be. He never really did anything. The Equity Fund manager Alok Ranjan (another idiot) was a relative of the MD and hence behaved as if employees are his servants. I am so glad that the organization is getting closed. I just hope some regulatory body or for that matter IDBI Bank, takes a note of this and takes action against the nincompoops running the AMC.

Manager in Cuffe Parade

Information Technology Department

5.0

• posted on 24 Sep 2021

3.0

for Salary and Benefits

Likes

The best part of working at the organization is the work culture.

Dislikes

The company does not impart any training, the job security is there but no career growth. I have seen only 1 promotion is the 10 years with the company.

Probationary Officer in Mumbai

Finance & Accounting Department

3.0

• posted on 07 Dec 2020

3.0

for Salary and Benefits

Likes

In terms of job security, they supported the employees in best possible way, But in terms of operations it was not so great, employees were made to report to office, no provision of transport was made by the company so on our own and worst part was work from home was possible even then they made employees come which was bad.

Dislikes

No comments

HR Manager

Finance & Accounting Department

1.0

• posted on 28 Mar 2018

1.0

for Salary and Benefits

Likes

Food is free and Saturday Sunday holiday in head office

Dislikes

Management thinks they can do anything and treat people like dogs. Insulting, abusing and shouting. Place is like a jail and employees are treated like criminals

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Top trending discussions

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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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Idbi Asset Management Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Idbi Asset Management Mumbai?

Assistant Manager salary at Idbi Asset Management in Mumbai ranges between ₹4.6 Lakhs to ₹6.0 Lakhs for experience between 1 years to 5 years. According to our estimates it is 36% less than the average Assistant Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Idbi Asset Management Mumbai.

How does the salary of a Assistant Manager at Idbi Asset Management Mumbai compare with the average salary range for this job?

The average salary of a Assistant Manager at Idbi Asset Management is 36% less than the average salary of a Assistant Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Idbi Asset Management to a Assistant Manager in Mumbai?

Franklin Templeton Investments Assistant Manager Salary - ₹8.0 Lakhs to ₹19.5 Lakhs per year
Huawei Technologies Assistant Manager Salary - ₹7.2 Lakhs to ₹15.1 Lakhs per year
DSP Investment Managers Assistant Manager Salary - ₹5.0 Lakhs to ₹13.0 Lakhs per year
HDFC Asset Management Company Assistant Manager Salary - ₹4.0 Lakhs to ₹10.4 Lakhs per year
UTI Asset Management Company Assistant Manager Salary - ₹4.0 Lakhs to ₹9.0 Lakhs per year

What is the salary of a Assistant Manager in companies similar to Idbi Asset Management in Mumbai?

Nippon Life India Asset Management Assistant Manager Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
SBI Funds Management Assistant Manager Salary - ₹3.6 Lakhs to ₹7.2 Lakhs per year
Axis Asset Management Company Assistant Manager Salary - ₹3.6 Lakhs to ₹8.0 Lakhs per year
Aditya Birla Health Insurance Co Assistant Manager Salary - ₹2.4 Lakhs to ₹9.5 Lakhs per year
JioMart Assistant Manager Salary - ₹3.2 Lakhs to ₹7.5 Lakhs per year

What is the estimated take home salary of a Assistant Manager at Idbi Asset Management in Mumbai?

The estimated take-home salary of a Assistant Manager at Idbi Asset Management ranges between ₹39,768 per month to ₹40,936 per month in Mumbai. The take-home salary calculation is based on the average Idbi Asset Management Assistant Manager salary in India which ranges between ₹4.6 Lakhs to ₹6.0 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Assistant Manager at Idbi Asset Management in Mumbai?

According to AmbitionBox, 50% of the Idbi Asset Management Assistant Managers in Mumbai reported a notice period of 2 Months, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Idbi Asset Management Assistant Manager Salaries in Mumbai

Idbi Asset Management Assistant Manager salary in Mumbai ranges between ₹4.6 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Idbi Asset Management latest salaries received from various employees of Idbi Asset Management.