SBI Mutual Fund Mumbai Chief Manager Salaries by 20+ Employees

9 - 20 years exp.

₹14.5 Lakhs - ₹29 Lakhs

Salary of majority employees

13% more than the average Chief Manager Salary in Financial Services Companies for 9 - 20 years of experience

Interested in this particular role?

Salaries in different departments

Customer Success, Service & Operations Chief Manager Salary 14 - 19 years exp. (4 salaries)	₹14.5 L/yr - ₹26 L/yr
Finance & Accounting Chief Manager Salary 9 - 15 years exp. (4 salaries)	₹22.7 L/yr - ₹28.2 L/yr
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Sales & Business Development Chief Manager Salary 12 - 15 years exp. (4 salaries)	₹19 L/yr - ₹23.6 L/yr
Engineering - Software & QA Chief Manager Salary 15 - 16 years exp. (AmbitionBox Estimate)	₹25 L/yr - ₹27.6 L/yr

Last Updated: 17 Nov 2024

Companies similar to SBI Mutual Fund for Chief Manager in Mumbai

SBI Mutual Fund Chief Manager Salary

9 - 20 years exp. (21 salaries)

₹14.5 L/yr - ₹29 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Direct Chief Manager Salary 10 - 21 years exp. (21 salaries)	₹8.7 L/yr - ₹33.2 L/yr 15% less
Reliance Capital Chief Manager Salary 5 - 13 years exp. (10 salaries)	₹17 L/yr - ₹36 L/yr 6% less
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Srei Equipment Finance Chief Manager Salary 10 - 21 years exp. (4 salaries)	₹8 L/yr - ₹13.5 L/yr 54% less
Aditya Birla SunLife Asset Management Company Chief Manager Salary 10 - 13 years exp. (4 salaries)	₹25 L/yr - ₹36 L/yr 18% more
ICICI Bank Chief Manager Salary 5 - 23 years exp. (968 salaries)	₹13.7 L/yr - ₹39 L/yr 2% more

Chief Manager salary at SBI Mutual Fund ranges between ₹14.5 Lakhs to ₹29 Lakhs per year for employees with experience between 9 years to 20 years. Salary estimates are based on 21 latest salaries received from various employees of SBI Mutual Fund.

Experience wise SBI Mutual Fund Chief Manager salaries in Mumbai

Last Updated: 17 Nov 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹21 L/yr - ₹26.9 L/yr
10 years (3 salaries)	₹9.5 L/yr - ₹28.2 L/yr
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11 years (AmbitionBox Estimate)	₹21.5 L/yr - ₹27.5 L/yr
12 years (AmbitionBox Estimate)	₹21.8 L/yr - ₹27.8 L/yr
13 years (AmbitionBox Estimate)	₹22 L/yr - ₹28.2 L/yr
14 years (3 salaries)	₹14.5 L/yr - ₹44.6 L/yr
15+ years (10 salaries)	₹16.7 L/yr - ₹29 L/yr

View all

Similar Designation salaries in SBI Mutual Fund

Deputy Manager Salary

(31 salaries)

₹6.04 L/yr - ₹13.5 L/yr

Top skills at SBI Mutual Fund for Chief Manager

investment Policies Ca Reporting Process Audit Operations Management Settlements Regulatory Excel Operations Monitoring Escalations Reconciliation Auditing Accounting

Salary related reviews for SBI Mutual Fund

4.3

Rated by 2 employees for salary & benefits

Sales Executive in Bhubaneswar

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.

Job security - Good

+1 more

Dislikes

Growth opportunities Salary increament Learning

Promotions - Bad

Deputy Manager in Chennai

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...

Skill development - Good

+2 more

Dislikes

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

Salary - Poor

+1 more

Assistant Rms Manager in Thiruvananthapuram

Full Time

Sales & Business Development Department

4.0

• posted on 28 Jan 2025

3.0

for Salary and Benefits

Likes

...good company to work. As usual salary increment will be low and promotions also. But here the job security is high and it's ok to work here for long but at the cost of low salary.

Job security - Good

+3 more

Dislikes

Low Salary

Manager in Pune

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.

Job security - Good

+3 more

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.

Customer Service Executive in Museum Road Bangalore

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.

Dislikes

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

Salary - Bad

+4 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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SBI Mutual Fund Chief Manager Salary FAQs

What is the salary of Chief Manager at SBI Mutual Fund in Mumbai?

The average salary of a Chief Manager at SBI Mutual Fund in Mumbai typically ranges from ₹14.5 Lakhs to ₹29.0 Lakhs per year, depending on experience (from 9 years to 20 years).

The top 10% of Chief Manager in Mumbai at SBI Mutual Fund earn more than ₹27.5 Lakhs per year, and the top 1% earn over ₹29.0 Lakhs per year. Chief Manager Salaries at SBI Mutual Fund 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 20+ SBI Mutual Fund employees in India.

What is the estimated take home salary of a Chief Manager at SBI Mutual Fund in Mumbai?

The estimated take-home salary of a Chief Manager at SBI Mutual Fund in Mumbai typically ranges from ₹1,57,913 to ₹1,63,917 per month. This is based on the average salary range of ₹14.5 Lakhs to ₹29.0 Lakhs per year for employees with experience ranging from 9 years to 20 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 20+ salaries received from various employees of SBI Mutual Fund. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Chief Manager at SBI Mutual Fund in Mumbai?

To be a Chief Manager at SBI Mutual Fund in Mumbai, the key skills required include:

- investment
- Policies
- Ca
- Reporting
- Process Audit

These skills are highly valued at SBI Mutual Fund and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than SBI Mutual Fund for Chief Manager in India?

Aditya Birla SunLife Asset Management Company	₹25.0 Lakhs to ₹36.0 Lakhs per year
ICICI Bank	₹13.7 Lakhs to ₹39.0 Lakhs per year

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

What is the salary of a Chief Manager in companies similar to SBI Mutual Fund in Mumbai?

The salary of a Chief Manager at companies similar to SBI Mutual Fund in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Reliance Capital	₹17.0 Lakhs to ₹36.0 Lakhs per year
Axis Direct	₹8.7 Lakhs to ₹33.2 Lakhs per year
Srei Equipment Finance	₹8.0 Lakhs to ₹13.5 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 Chief Manager at SBI Mutual Fund in Mumbai?

The salary growth for a Chief Manager at SBI Mutual Fund in Mumbai depends on factors such as experience, performance, and promotions. On average, a Chief Manager in Mumbai can expect the following growth trajectory at SBI Mutual Fund:

Experience	Average Salary Range
9 years	₹21.0 Lakhs to ₹26.9 Lakhs per year
10 years	₹9.5 Lakhs to ₹28.2 Lakhs per year
11 years	₹21.5 Lakhs to ₹27.5 Lakhs per year
12 years	₹21.8 Lakhs to ₹27.8 Lakhs per year

and so on.

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SBI Mutual Fund Chief Manager Salaries in Mumbai

SBI Mutual Fund Chief Manager salary in Mumbai ranges between ₹14.5 Lakhs to ₹29 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.