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SBI Mutual Fund Associate salaries in Mumbai

Annual salary range
2 - 5 years exp.
₹2.2 Lakhs - ₹3.5 Lakhs
Salary of majority employees
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61% less than the average Associate Salary in Financial Services Companies for 2 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Associate Salary
2 - 5 years exp. (3 salaries)
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₹2.2 L/yr - ₹3.4 L/yr

Finance & Accounting
Associate Salary
5 years exp. (AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.8 L/yr

Last Updated: 14 Mar 2023

Companies similar to SBI Mutual Fund for Associate in Mumbai

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SBI Mutual Fund Associate Salary

2 - 5 years exp. (4 salaries)

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₹2.2 L/yr - ₹3.5 L/yr

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Company name Avg Annual Salary Open Jobs
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Kotak Mahindra Bank Associate Salary

0 - 6 years exp. (345 salaries)

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₹1.2 L/yr - ₹4.2 L/yr

arrow icon 14% less
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L&T Finance Associate Salary

0 - 6 years exp. (5 salaries)

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₹1.8 L/yr - ₹3.3 L/yr

arrow icon 6% less
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TIAA Global Business Services Associate Salary

5 - 11 years exp. (145 salaries)

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₹9.6 L/yr - ₹30 L/yr

arrow icon 618% more
2 job openings
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Apex Group Associate Salary

1 - 8 years exp. (53 salaries)

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₹4 L/yr - ₹9.6 L/yr

arrow icon 129% more
2 job openings
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CSC Global Associate Salary

0 - 5 years exp. (43 salaries)

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₹2.9 L/yr - ₹8 L/yr

arrow icon 82% more
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Ocwen Financial Solutions Associate Salary

1 - 6 years exp. (32 salaries)

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₹1.9 L/yr - ₹5 L/yr

arrow icon 32% more
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Morningstar Associate Salary

0 - 2 years exp. (13 salaries)

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₹4 L/yr - ₹6 L/yr

arrow icon 59% more
1 job opening
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Kotak Securities Associate Salary

0 - 4 years exp. (9 salaries)

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₹1.4 L/yr - ₹3.5 L/yr

arrow icon 10% less
Associate salary at SBI Mutual Fund ranges between ₹2.2 Lakhs to ₹3.5 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Mutual Fund.

Latest annual salaries shared by SBI Mutual Fund Associate in Mumbai

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5 years exp.
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5 years exp.
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2 years exp.

Experience wise SBI Mutual Fund Associate salaries in Mumbai

Last Updated: 14 Mar 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹3.9 L/yr

Similar Designation salaries in SBI Mutual Fund

Deputy Manager Salary
(31 salaries)
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₹6.04 L/yr - ₹13.5 L/yr
Chief Manager Salary
(21 salaries)
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₹14.5 L/yr - ₹29 L/yr
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₹29 L/yr - ₹52 L/yr
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₹9.2 L/yr - ₹13 L/yr
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₹2 L/yr - ₹4 L/yr
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₹2.76 L/yr - ₹4 L/yr

Top skills at SBI Mutual Fund for Associate

Communication Skills Excel Human Resource Management MIS Reporting Recruitment

Salary related reviews for SBI Mutual Fund

Full Time

 · 

Sales & Business Development Department

4.0
  •  posted on 08 Dec 2023

3.0
 for  Salary and Benefits

Likes

Working in SBIMF gives you feeling of proud and brand recognition. Job security and mental peace.

Dislikes

Appraisal, employee recognition, Salary, respect as an old loyal employee not there. People recruits new freshers with higher package than there old loyal employee which demotivates more and hurts as well.

read more

Contractual

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 09 Aug 2024

3.0
 for  Salary and Benefits

Likes

The work culture is good,but the salary increament and promotion opportunity is very bad, although the work pressure is also less as compared to the privet sector,and in most cases you don't have to directly sale product to the client,as the bank officials do the work.

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Dislikes

Growth opportunities Salary increament Learning

Full Time

 · 

PDM Department

3.0
  •  posted on 29 Jun 2023

2.0
 for  Salary and Benefits

Likes

SBI brand is good. Management communication is one way. Salary growth is pathetic. It's a good company for people who join after 10 year exp and with min 20 lakh salary .. they can continue to work for longer time. Not good for new or less exp people because despite of over achieving targets they will give 7-9 % hike. In promotion year too they will give 9% hike .. Very bad salary growth.. frustrating for people with 5 -10 year exp... that's why lot of people switch in this segment...

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Dislikes

Bad salary... they can at least make salary on par with market for loyal employees..

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 10 Sep 2022

1.0
 for  Salary and Benefits

Likes

Only thing I liked was management is not harsh if you login bit late due to traffic or personal reason. Other than this it's a big noooo. I found many good colleagues here I am happy with that atleast.

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Dislikes

Onroll offroll differentiation is huge Dissatisfied with offroll management No decent hike or salary Takes long time for career growth

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Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 04 Aug 2023

2.0
 for  Salary and Benefits

Likes

• The best thing of this company is job security. Even though they always put you into huge workload but won't fire you in case of under performance. Infact the management always gives time extension to fill the gaps. • With the name of SBI, the product placement is also very easy on all available counters in the market. SBI channel RMs gets a ton of respect on visiting the mapped SBI branches which psychology makes you feel valuable and motivates you to put more effort in to improve your KPIs. Even the Scale-4 Chief manager treates you like his younger brother which is the best thing one can expect in his workspace. • No Sales target for Operations staff. Some AMCs put sales target for opertions staff which hampers the operations related support to sales team. This condition is not here. Operations staff has its own KRA and Sales team has its own, which balances the overall functioning of whole branch. Implementing sales target to operations staff leads to work imbalance, that is what I believe. • Good working infrastructure. • Thinks innovative and always approaches to new technological advancements to improve work efficiency.

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Dislikes

• Carrear growth is the slowest. • Increments and salary they offers is the lowest among all peer AMCs (Top 5). Even after being the no. 1 AMC in total AUM List. • Discrimination and favourism done on the basis of Caste, religion, State in which you are working. • Special treatment for those who are direct or indirect relatives of the people of the top management, regardless their qualification. • Always prefers the cost efficient solution in terms of office premises, stationary quality, staff procurement, hiring trainers etc.. rather than going with the quality option. • Employee reward and recognition program is almost zero. • Knowledge part is below average in this AMC except the monday morning call. You have to help yourself for your knowledge and general awareness part here. • Super managers are cold blooded people. They never recognises the blood and sweat you are pouring to fulfill your duties. In support of that, I want to share my story: I was working as RM at certain place where no branch manager was deployed. So in the absence of branch head I took care of whole branch. During my tenure there, my Grandmother got passed away and it would be my first priority to be the part of her funeral and all rituals. But just after 2 days of that horrible incident I resumed my duties at my base station. Why? Because I knew that the branch is functioning on single man and leaving the station for longer period will result in hampering of overall functioning of the branch. That's the reason I resumed my duties on first priority and the cost of that, I missed my Grandmother's Final Prayer Ceremony. I put my best efforts upto that extent but management never recognised that. Infact, they were behaving in the complaining and taunting mode till the very last day of mine there.

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SBI Mutual Fund Associate Salary FAQs

What is the salary of Associate at SBI Mutual Fund Mumbai?
Associate salary at SBI Mutual Fund in Mumbai ranges between ₹2.2 Lakhs to ₹3.5 Lakhs for experience between 2 years to 5 years. According to our estimates it is 61% less than the average Associate Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SBI Mutual Fund Mumbai.
How does the salary of a Associate at SBI Mutual Fund Mumbai compare with the average salary range for this job?
The average salary of a Associate at SBI Mutual Fund is 61% less than the average salary of a Associate in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Associate at SBI Mutual Fund?
Communication Skills, Excel, Human Resource Management, MIS Reporting and Recruitment are some of the popular skills required to work as a Associate at SBI Mutual Fund Mumbai.
Which similar companies are paying more than SBI Mutual Fund to a Associate in Mumbai?
  • TIAA Global Business Services Associate Salary - ₹9.6 Lakhs to ₹30.0 Lakhs per year
  • Apex Group Associate Salary - ₹4.0 Lakhs to ₹9.6 Lakhs per year
  • CSC Global Associate Salary - ₹2.9 Lakhs to ₹8.0 Lakhs per year
  • Morningstar Associate Salary - ₹4.0 Lakhs to ₹6.0 Lakhs per year
  • Ocwen Financial Solutions Associate Salary - ₹1.9 Lakhs to ₹5.0 Lakhs per year
What is the salary of a Associate in companies similar to SBI Mutual Fund in Mumbai?
  • L&T Finance Associate Salary - ₹1.8 Lakhs to ₹3.3 Lakhs per year
  • Kotak Securities Associate Salary - ₹1.4 Lakhs to ₹3.5 Lakhs per year
  • Kotak Mahindra Bank Associate Salary - ₹1.2 Lakhs to ₹4.2 Lakhs per year
What is the estimated take home salary of a Associate at SBI Mutual Fund in Mumbai?
The estimated take-home salary of a Associate at SBI Mutual Fund ranges between ₹21,498 per month to ₹23,139 per month in Mumbai. The take-home salary calculation is based on the average SBI Mutual Fund Associate salary in India which ranges between ₹2.2 Lakhs to ₹3.5 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?

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SBI Mutual Fund Associate salary in Mumbai ranges between ₹2.2 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.