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SBI Mutual Fund

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SBI Mutual Fund Financial Advisor salaries in India

Annual salary range
0 - 7 years exp.
₹1 Lakh - ₹3.6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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47% less than the average Financial Advisor Salary in Financial Services Companies for 0 - 7 years of experience

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Salaries in different departments

CSR & Social Service
Financial Advisor Salary
3 - 7 years exp. (AmbitionBox Estimate)
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₹2.4 L/yr - ₹3.6 L/yr

Marketing & Communication
Financial Advisor Salary
Fresher (AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.1 L/yr

Last Updated: 13 Apr 2024

Companies similar to SBI Mutual Fund for Financial Advisor

Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹4 L/yr

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Kotak Mahindra Bank Financial Advisor Salary

0 - 5 years exp. (12 salaries)

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₹1.2 L/yr - ₹4.2 L/yr

arrow icon 18% less
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Kotak Securities Financial Advisor Salary

0 - 8 years exp. (15 salaries)

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₹2.3 L/yr - ₹6 L/yr

arrow icon 48% more
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Sharekhan Financial Advisor Salary

1 - 14 years exp. (5 salaries)

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₹3.8 L/yr - ₹5.1 L/yr

arrow icon 52% more
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Reliance Capital Financial Advisor Salary

0 - 4 years exp. (4 salaries)

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₹2.5 L/yr - ₹3.6 L/yr

arrow icon 27% more
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₹7 L/yr - ₹10 L/yr

arrow icon 222% more
Financial Advisor salary at SBI Mutual Fund ranges between ₹1 Lakh to ₹3.6 Lakhs per year for employees with less than 1 year of experience to 7 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 Financial Advisor

9mo ago
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7 years exp.
1y ago
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3 years exp.

Experience wise SBI Mutual Fund Financial Advisor salaries

Last Updated: 13 Apr 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1 L/yr - ₹2.2 L/yr
1 year (AmbitionBox Estimate)

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₹1.7 L/yr - ₹2.1 L/yr
2 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹2.4 L/yr
3 years (AmbitionBox Estimate)

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₹1 L/yr - ₹2.4 L/yr
4 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3.1 L/yr
View all

Similar Designation salaries in SBI Mutual Fund

Financial Analyst Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
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₹2 L/yr - ₹2.75 L/yr
Analyst Salary
(AmbitionBox Estimate)
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₹12 L/yr - ₹15.3 L/yr
Business Analyst Salary
(AmbitionBox Estimate)
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₹13.5 L/yr - ₹17.3 L/yr
Credit Analyst Salary
(AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.8 L/yr
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₹3 L/yr - ₹6.68 L/yr
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₹3.1 L/yr - ₹15 L/yr
Team Lead Salary
(AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr
Deputy Manager Salary
(95 salaries)
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₹4.7 L/yr - ₹13.5 L/yr
Accountant Salary
(3 salaries)
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₹1.1 L/yr - ₹5 L/yr

Salary related reviews for SBI Mutual Fund

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...

read more
  • 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

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.

read more
  • Job security - Good
  • +3 more

Dislikes

Low Salary

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.

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.

read more
  • Job security - Good
  • +1 more

Dislikes

Growth opportunities Salary increament Learning

  • Promotions - Bad

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

read more
  • Salary - Bad
  • +4 more
see more salary related reviews

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SBI Mutual Fund Financial Advisor Salary FAQs

What is the salary of Financial Advisor at SBI Mutual Fund ?
The average salary of a Financial Advisor at SBI Mutual Fund in India typically ranges from ₹1.0 Lakhs to ₹3.6 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Financial Advisor at SBI Mutual Fund earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Financial Advisor 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 4 SBI Mutual Fund employees in India.
What is the estimated take home salary of a Financial Advisor at SBI Mutual Fund in India?
The estimated take-home salary of a Financial Advisor at SBI Mutual Fund in India typically ranges from ₹17,787 to ₹19,483 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from Fresher to 7 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 SBI Mutual Fund. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than SBI Mutual Fund for Financial Advisor in India?
Ameriprise Financial ₹7.0 Lakhs to ₹10.0 Lakhs per year
Sharekhan ₹3.8 Lakhs to ₹5.1 Lakhs per year
Kotak Securities ₹2.3 Lakhs to ₹6.0 Lakhs per year
ICICI Prudential Mutual Fund ₹2.0 Lakhs to ₹4.0 Lakhs per year
Reliance Capital ₹2.5 Lakhs to ₹3.6 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 Financial Advisor in companies similar to SBI Mutual Fund in India?
The salary of a Financial Advisor at companies similar to SBI Mutual Fund in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindra Bank ₹1.2 Lakhs to ₹4.2 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 Financial Advisor at SBI Mutual Fund in India?
The salary growth for a Financial Advisor at SBI Mutual Fund depends on factors such as experience, performance, and promotions. On average, a Financial Advisor can expect the following growth trajectory at SBI Mutual Fund:

Experience Average Salary Range
Fresher ₹1.0 Lakhs to ₹2.2 Lakhs per year
1 year ₹1.7 Lakhs to ₹2.1 Lakhs per year
2 years ₹1.9 Lakhs to ₹2.4 Lakhs per year
3 years ₹1.0 Lakhs to ₹2.4 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Mutual Fund Financial Advisor salary in India ranges between ₹1 Lakh to ₹3.6 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.