IDBI Bank Mumbai Sales Officer Salaries by 4 Employees

1 - 4 years exp.

₹1.5 Lakh - ₹3.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

20% less than the average Sales Officer Salary in Banking Companies for 1 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Sales Officer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
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Customer Success, Service & Operations Sales Officer Salary 4 years exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹2.8 L/yr

Last Updated: 23 Jun 2023

Companies similar to IDBI Bank for Sales Officer in Mumbai

IDBI Bank Sales Officer Salary

1 - 4 years exp. (4 salaries)

₹1.5 L/yr - ₹3.5 L/yr

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Sales Officer Salary 0 - 7 years exp. (162 salaries)	₹1.2 L/yr - ₹4.8 L/yr 2% less
Yes Bank Sales Officer Salary 0 - 7 years exp. (46 salaries)	₹1.8 L/yr - ₹6 L/yr 38% more	6 job openings
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IndusInd Bank Sales Officer Salary 0 - 4 years exp. (14 salaries)	₹1.8 L/yr - ₹3 L/yr 8% more	36 job openings
Ujjivan Small Finance Bank Sales Officer Salary 1 - 8 years exp. (13 salaries)	₹2.4 L/yr - ₹4.2 L/yr 23% more
Jana Small Finance Bank Sales Officer Salary 0 - 7 years exp. (9 salaries)	₹2 L/yr - ₹3.5 L/yr 4% more	29 job openings
Equitas Small Finance Bank Sales Officer Salary 0 - 7 years exp. (8 salaries)	₹2.5 L/yr - ₹4.5 L/yr 15% more	6 job openings
Corporation Bank Sales Officer Salary 6 - 10 years exp. (4 salaries)	₹2.8 L/yr - ₹3.3 L/yr 10% more

Sales Officer salary at IDBI Bank ranges between ₹1.5 Lakh to ₹3.5 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of IDBI Bank.

Experience wise IDBI Bank Sales Officer salaries in Mumbai

Last Updated: 23 Jun 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
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3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr

From

Sales Officer

₹

Lakhs/yr

1 - 5 years exp.

Regional Sales Manager

₹

Lakhs/yr

8 - 19 years exp.

Sales Officer

1 - 5 years exp.

Sales Manager

1 - 9 years exp.

23% hike

Territory Sales Manager

6 - 15 years exp.

41% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in IDBI Bank

Sales Executive Salary

(10 salaries)

₹2 L/yr - ₹3 L/yr

Salary related reviews for IDBI Bank

5.0

Rated by 1 employees for salary & benefits

Sales Officer in Mumbai

Finance & Accounting Department

5.0

• posted on 14 Jul 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Relationship Manager in Pune

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 20 Apr 2022

3.0

for Salary and Benefits

Likes

...s work with integrity. U get good customer exposure and handling multiple tasks. Pay scale is good.

Company culture - Good

Dislikes

Retail branch banking Work pressure, multi-tasking apart from ur job profile. No value addition. Very slow career growth and monotonous job, job rotation periodicity is very large. You will get leaves after too much hardship until it is for some emergency. Review meetings are organised after working hours and frequent commitments and u have to bring figures on every login day. Seniors cannot keep away from using unofficial language if u don't perform in business and Continuous follow up will just keep u on pressure. No mental peace and satisfaction at all in branch banking in metros. If u don't perform, either u r thrown out to rural branches or compelled to resign. If u r excellent in selling insurance policy, then this is the best place to work. Promotions in higher grades are preferably available to staff posted in regional and zonal offices and hardly any branch banking staff is chosen.

Work-life balance - Poor

Sales Executive in Surat

Sales & Marketing Department

5.0

• posted on 20 Jun 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture.teammates are supportive they give good sallary hike and bonus every year

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues salary is decent but career growth is slow.

Sales Executive in Basirhat

BFSI, Investments & Trading Department

4.0

• posted on 04 Jan 2022

3.0

for Salary and Benefits

Likes

Good work environment and culture.company policies are good.

Skill development - Excellent

+1 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. On the job training is not given to new joinees

Job security - Poor

+1 more

Sales Executive in Madurai

Finance home loans Department

5.0

• posted on 19 May 2019

4.0

for Salary and Benefits

Likes

...job. But not job security for off role team(sales). Good managers. No politics. Salary is so delay.

Salary - Good

+5 more

Dislikes

Nothing to say dislike about idbi bank.

see more salary related reviews

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What people are saying about IDBI Bank

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invaluablecider

works at

IDBI Bank

Facing trouble in releaving my current job

Hey everyone, I've recently resigned from my current job and serving notice period which is due in less than a week. But my manager is not agreeing to this and forcing me to stay till the time I complete my pendencies and creating more of them unnecessary so that I can't be relieved. I've completed them from my side, but pending from customer ends as they are not coming to sign the certain documents. If we go according to this than I can't be relieved for coming 5-6 months due to these customers as many of them are in different states. I've joining in my new company in next 10 days. What should I do???? And can I really be held back due to this reason(customers sign)????

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IDBI Bank Sales Officer Salary FAQs

What is the salary of Sales Officer at IDBI Bank in Mumbai?

The average salary of a Sales Officer at IDBI Bank in Mumbai typically ranges from ₹1.5 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Sales Officer in Mumbai at IDBI Bank earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Sales Officer Salaries at IDBI Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 IDBI Bank employees in India.

What is the estimated take home salary of a Sales Officer at IDBI Bank in Mumbai?

The estimated take-home salary of a Sales Officer at IDBI Bank in Mumbai typically ranges from ₹19,438 to ₹21,110 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year to 4 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of IDBI Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IDBI Bank for Sales Officer in India?

Yes Bank	₹1.8 Lakhs to ₹6.0 Lakhs per year
Ujjivan Small Finance Bank	₹2.4 Lakhs to ₹4.2 Lakhs per year
Equitas Small Finance Bank	₹2.5 Lakhs to ₹4.5 Lakhs per year
Corporation Bank	₹2.8 Lakhs to ₹3.3 Lakhs per year
IndusInd Bank	₹1.8 Lakhs to ₹3.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IDBI Bank, depending on the role and experience level.

What is the salary of a Sales Officer in companies similar to IDBI Bank in Mumbai?

The salary of a Sales Officer at companies similar to IDBI Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Jana Small Finance Bank	₹2.0 Lakhs to ₹3.5 Lakhs per year
IDFC FIRST Bank	₹1.2 Lakhs to ₹4.8 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Sales Officer at IDBI Bank in Mumbai?

The salary growth for a Sales Officer at IDBI Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Sales Officer in Mumbai can expect the following growth trajectory at IDBI Bank:

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹3.1 Lakhs per year
2 years	₹2.4 Lakhs to ₹3.1 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years	₹2.5 Lakhs to ₹3.2 Lakhs per year

and so on.

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IDBI Bank Sales Officer Salaries in Mumbai

IDBI Bank Sales Officer salary in Mumbai ranges between ₹1.5 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IDBI Bank latest salaries received from various employees of IDBI Bank.