SBI Life Insurance Company Mumbai Management Trainee Salaries by 6 Employees (Updated 2024)

0 - 3 years exp.

₹5.3 Lakhs - ₹10.5 Lakhs

Salary of majority employees

9% less than the average Management Trainee Salary in Insurance Companies for 0 - 3 years of experience

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Salaries in different departments

Data Science & Analytics Management Trainee Salary 1 year exp. (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.8 L/yr
Marketing & Communication Management Trainee Salary 0 - 2 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹10.5 L/yr
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BFSI, Investments & Trading Management Trainee Salary 1 year exp. (AmbitionBox Estimate)	₹5.3 L/yr - ₹9.8 L/yr

Last Updated: 7 Nov 2024

Companies similar to SBI Life Insurance Company for Management Trainee in Mumbai

SBI Life Insurance Company Management Trainee Salary

0 - 3 years exp. (6 salaries)

₹5.3 L/yr - ₹10.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Management Trainee Salary 0 - 3 years exp. (76 salaries)	₹4.8 L/yr - ₹15 L/yr 13% more
ICICI Prudential Life Insurance Management Trainee Salary 0 - 2 years exp. (49 salaries)	₹5 L/yr - ₹9.6 L/yr 18% less
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Bajaj Allianz Life Insurance Management Trainee Salary 0 - 3 years exp. (8 salaries)	₹6.6 L/yr - ₹8 L/yr 12% less
Max Life Insurance Management Trainee Salary 2 - 4 years exp. (3 salaries)	₹20.4 L/yr - ₹22 L/yr 152% more
Tata AIA Life Insurance Management Trainee Salary 0 - 2 years exp. (25 salaries)	₹7 L/yr - ₹20 L/yr 67% more
Kotak Mahindara Life Insurance Management Trainee Salary 0 - 2 years exp. (17 salaries)	₹3 L/yr - ₹9 L/yr 51% less
Bharti AXA Life Insurance Management Trainee Salary 0 - 1 year exp. (4 salaries)	₹2 L/yr - ₹10 L/yr 24% less
ICICI Lombard General Insurance Company Management Trainee Salary 0 - 1 year exp. (49 salaries)	₹2.8 L/yr - ₹10.4 L/yr 6% less
Aditya Birla Sun Life Insurance Management Trainee Salary 0 - 1 year exp. (8 salaries)	₹9 L/yr - ₹15 L/yr 41% more
SBI General Insurance Management Trainee Salary 1 - 4 years exp. (5 salaries)	₹8.7 L/yr - ₹10 L/yr 4% more
Aditya Birla Health Insurance Co Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹2.4 L/yr - ₹12 L/yr 14% less
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Management Trainee salary at SBI Life Insurance Company ranges between ₹5.3 Lakhs to ₹10.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Management Trainee salaries in Mumbai

Last Updated: 7 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹7.5 L/yr - ₹15.5 L/yr
1 year (3 salaries)	₹5.3 L/yr - ₹15.1 L/yr
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2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹10.5 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹8.3 L/yr

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(94 salaries)

₹3 L/yr - ₹6.75 L/yr

Team Lead Salary

(5 salaries)

₹2.87 L/yr - ₹4.8 L/yr

Deputy Manager Salary

(5 salaries)

₹4 L/yr - ₹8.5 L/yr

Salary related reviews for SBI Life Insurance Company

2.0

Rated by 5 employees for salary & benefits

Management Trainee in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 02 Nov 2023

4.0

for Salary and Benefits

Likes

Salary and benefits are supportive.

Dislikes

No work life balance. The sales team pushes things like hell specially in the eastern region of the country. Third Saturday is a leave according to the company's leave policies but we don't get that leave.

Senior Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 May 2022

3.0

for Salary and Benefits

Likes

Average work environment and culture . Teammates are supportive and the management is selfish. Company policies are bad . Appraisals not fair in this company.

Dislikes

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

Senior Associate in Jaipur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 Apr 2018

3.0

for Salary and Benefits

Likes

Company is

Dislikes

Company is good but as per process of career growth, it is very slow. Company's salary structure is also not good. My salary is less than a person who is coming on my position which I had before 2 years

Senior Associate in Sultanpur

BFSI, Investments & Trading Department

5.0

• posted on 29 Oct 2020

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 salary hike and bonus every year.

Sales Support Associate in Kishanganj

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 17 Jan 2024

1.0

for Salary and Benefits

Likes

Even though the salary in this company is very less as per the work, the salary is paid on time.

Dislikes

In today's times, it is important to work to support my family properly, hence I give my 100% to this company so that someday my salary will increase but after working for more than 1 year, I am realizing that It is very difficult to move forward, here we have to work till late night due to which we are not able to give time to our family, and even after doing so much work, we get very low salary so that I cannot support my family properly. I don't know how to do it, even after working for more than 14 hours every day, I don't get any bonus also.

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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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SBI Life Insurance Company Management Trainee Salary FAQs

What is the salary of Management Trainee at SBI Life Insurance Company Mumbai?

Management Trainee salary at SBI Life Insurance Company in Mumbai ranges between ₹5.3 Lakhs to ₹10.5 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 9% less than the average Management Trainee Salary in India. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

How does the salary of a Management Trainee at SBI Life Insurance Company Mumbai compare with the average salary range for this job?

The average salary of a Management Trainee at SBI Life Insurance Company is 9% less than the average salary of a Management Trainee in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Management Trainee in Mumbai?

Max Life Insurance Management Trainee Salary - ₹20.4 Lakhs to ₹22.0 Lakhs per year
Tata AIA Life Insurance Management Trainee Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year
Aditya Birla Sun Life Insurance Management Trainee Salary - ₹9.0 Lakhs to ₹15.0 Lakhs per year
HDFC Life Management Trainee Salary - ₹4.8 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance Management Trainee Salary - ₹8.7 Lakhs to ₹10.0 Lakhs per year

What is the salary of a Management Trainee in companies similar to SBI Life Insurance Company in Mumbai?

ICICI Lombard General Insurance Company Management Trainee Salary - ₹2.8 Lakhs to ₹10.4 Lakhs per year
Bajaj Allianz Life Insurance Management Trainee Salary - ₹6.6 Lakhs to ₹8.0 Lakhs per year
Aditya Birla Health Insurance Co Management Trainee Salary - ₹2.4 Lakhs to ₹12.0 Lakhs per year
ICICI Prudential Life Insurance Management Trainee Salary - ₹5.0 Lakhs to ₹9.6 Lakhs per year
Bharti AXA Life Insurance Management Trainee Salary - ₹2.0 Lakhs to ₹10.0 Lakhs per year

What is the estimated take home salary of a Management Trainee at SBI Life Insurance Company in Mumbai?

The estimated take-home salary of a Management Trainee at SBI Life Insurance Company ranges between ₹61,096 per month to ₹62,644 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Management Trainee salary in India which ranges between ₹5.3 Lakhs to ₹10.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?

What is the notice period for Management Trainee at SBI Life Insurance Company in Mumbai?

According to AmbitionBox, 50% of the SBI Life Insurance Company Management Trainees in Mumbai reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Management Trainee Salaries in Mumbai

SBI Life Insurance Company Management Trainee salary in Mumbai ranges between ₹5.3 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Management Trainee salaries in Mumbai

Companies similar to SBI Life Insurance Company for Management Trainee in Mumbai

Latest annual salaries shared by SBI Life Insurance Company Management Trainee in Mumbai

Experience wise SBI Life Insurance Company Management Trainee salaries in Mumbai

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Management Trainee in Kolkata

Senior Associate in New Delhi

Senior Associate in Jaipur

Senior Associate in Sultanpur

Sales Support Associate in Kishanganj

SBI Life Insurance Company Management Trainee Salary FAQs

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