MUFG Bank Mumbai Senior Associate Salaries by 9 Employees (Updated 2025)

4 - 8 years exp.

₹4.6 Lakhs - ₹7.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

39% less than the average Senior Associate Salary in Financial Services Companies for 4 - 8 years of experience

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Salaries in different departments

Finance & Accounting Senior Associate Salary 4 - 8 years exp. (7 salaries)	₹4.6 L/yr - ₹7.5 L/yr
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Customer Success, Service & Operations Senior Associate Salary 4 - 6 years exp. (AmbitionBox Estimate)	₹6.6 L/yr - ₹7.2 L/yr

Last Updated: 4 Apr 2025

Companies similar to MUFG Bank for Senior Associate in Mumbai

MUFG Bank Senior Associate Salary

4 - 8 years exp. (9 salaries)

₹4.6 L/yr - ₹7.5 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Senior Associate Salary 4 - 18 years exp. (602 salaries)	₹14.8 L/yr - ₹50 L/yr 394% more	12 job openings
Apex Group Senior Associate Salary 3 - 13 years exp. (101 salaries)	₹5.4 L/yr - ₹17 L/yr 79% more	3 job openings
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TIAA Global Business Services Senior Associate Salary 9 - 16 years exp. (98 salaries)	₹14.5 L/yr - ₹42.5 L/yr 370% more	1 job opening
BNY Senior Associate Salary 1 - 14 years exp. (46 salaries)	₹11.4 L/yr - ₹25.5 L/yr 123% more	24 job openings
Citicorp Senior Associate Salary 2 - 9 years exp. (42 salaries)	₹4 L/yr - ₹13.9 L/yr 21% more
UBS Senior Associate Salary 3 - 10 years exp. (25 salaries)	₹7.3 L/yr - ₹23.6 L/yr 113% more
Ocwen Financial Solutions Senior Associate Salary 3 - 9 years exp. (18 salaries)	₹3.3 L/yr - ₹5.5 L/yr 33% less
HSBC Group Senior Associate Salary 1 - 7 years exp. (12 salaries)	₹5.2 L/yr - ₹15 L/yr 88% more
Macquarie Group Senior Associate Salary 1 - 6 years exp. (8 salaries)	₹6 L/yr - ₹18 L/yr 95% more
Northern Trust Senior Associate Salary 5 - 10 years exp. (7 salaries)	₹17.5 L/yr - ₹28.8 L/yr 222% more
Wtw Global Delivery And Solutions Senior Associate Salary 7 - 12 years exp. (5 salaries)	₹3.5 L/yr - ₹8.1 L/yr 18% less
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Northern Trust Operating Services Senior Associate Salary 7 - 10 years exp. (4 salaries)	₹17.7 L/yr - ₹28 L/yr 180% more	2 job openings

Senior Associate salary at MUFG Bank ranges between ₹4.6 Lakhs to ₹7.5 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 9 latest salaries received from various employees of MUFG Bank.

Experience wise MUFG Bank Senior Associate salaries in Mumbai

Last Updated: 4 Apr 2025

Experience	Avg Annual Salary
4 years (3 salaries)	₹5 L/yr - ₹7.5 L/yr
5 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
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6 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
7 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
8 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr

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₹2.5 L/yr - ₹9.4 L/yr

Salary related reviews for MUFG Bank

Senior Associate in New Delhi

Trade finance Department

4.0

• posted on 27 Dec 2019

4.0

for Salary and Benefits

Likes

...ngs. Added benefits like life and health insurance cover. International trips. Rewards and bonus. Regular trainings and other e-learning. sophisticated and intellectual colleagues.

Salary - Good

+1 more

Dislikes

none

AVP in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 20 Nov 2024

1.0

for Salary and Benefits

Likes

1. People are nice 2. Work life balance 3. Hybrid working

Job security - Good

+2 more

Dislikes

1. The pay is way below the market 2. No scope for growth (at all) 3. No matter the designation (ex. Director grade) you will be an individual contributor

Salary - Bad

+2 more

AVP in Bangalore / Bengaluru

Full Time

Risk Management & Compliance Department

4.0

• posted on 28 Jul 2023

4.0

for Salary and Benefits

Likes

Worklife Balance Bangalore management Culture

Salary - Good

+2 more

Dislikes

No learning Too much restructuring People with less experience are being hired in senior roles with higher package. Tenured employees with less salary are not promoted

Skill development - Bad

+3 more

Analyst in New Delhi

Full Time

Other Department

2.0

• posted on 02 Aug 2022

1.0

for Salary and Benefits

Likes

There is job security and salary comes on time.

Job security - Excellent

Dislikes

The bank has all old people working for the past 25-35 years. The average salary hike is 6% p.a. There is no work life balance. One has to sit daily at nights to complete work. If you tell the same to the management or HR, they wont take any action on the same as they support and glorify this culture themselves.

Salary - Bad

+5 more

Sr.Data Analyst- SSRS SQL Server And Power BI in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

5.0

• posted on 03 Aug 2024

5.0

for Salary and Benefits

Likes

Company and policy Hybrid working policy Salary and benefits Office transportation Car lease scheme Medical insurance Team members and manager

Salary - Excellent

+4 more

Dislikes

For IT professional,Office located in Bangalore only. Should have more working locations like in Pune , Mumbai ,Gujrat and Delhi.

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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MUFG Bank Senior Associate Salary FAQs

What is the salary of Senior Associate at MUFG Bank in Mumbai?

The average salary of a Senior Associate at MUFG Bank in Mumbai typically ranges from ₹4.6 Lakhs to ₹7.5 Lakhs per year, depending on experience (from 4 years to 8 years).

The top 10% of Senior Associate in Mumbai at MUFG Bank earn more than ₹7.4 Lakhs per year, and the top 1% earn over ₹7.5 Lakhs per year. Senior Associate Salaries at MUFG 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 9 MUFG Bank employees in India.

What is the estimated take home salary of a Senior Associate at MUFG Bank in Mumbai?

The estimated take-home salary of a Senior Associate at MUFG Bank in Mumbai typically ranges from ₹49,787 to ₹50,963 per month. This is based on the average salary range of ₹4.6 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from 4 years to 8 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 9 salaries received from various employees of MUFG Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than MUFG Bank for Senior Associate in India?

JPMorgan Chase & Co.	₹14.8 Lakhs to ₹50.0 Lakhs per year
TIAA Global Business Services	₹14.5 Lakhs to ₹42.5 Lakhs per year
Northern Trust	₹17.5 Lakhs to ₹28.8 Lakhs per year
Northern Trust Operating Services	₹17.7 Lakhs to ₹28.0 Lakhs per year
BNY	₹11.4 Lakhs to ₹25.5 Lakhs per year

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

What is the salary of a Senior Associate in companies similar to MUFG Bank in Mumbai?

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

UBS	₹7.3 Lakhs to ₹23.6 Lakhs per year
Macquarie Group	₹6.0 Lakhs to ₹18.0 Lakhs per year
HSBC Group	₹5.2 Lakhs to ₹15.0 Lakhs per year
Apex Group	₹5.4 Lakhs to ₹17.0 Lakhs per year
Citicorp	₹4.0 Lakhs to ₹13.9 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 Senior Associate at MUFG Bank in Mumbai?

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

Experience	Average Salary Range
4 years	₹5.0 Lakhs to ₹7.5 Lakhs per year
5 years	₹5.8 Lakhs to ₹7.5 Lakhs per year
6 years	₹5.9 Lakhs to ₹7.5 Lakhs per year
7 years	₹5.9 Lakhs to ₹7.5 Lakhs per year

and so on.

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MUFG Bank Senior Associate Salaries in Mumbai

MUFG Bank Senior Associate salary in Mumbai ranges between ₹4.6 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 MUFG Bank latest salaries received from various employees of MUFG Bank.