SBI Mutual Fund Indore Salaries by 10+ Employees (Updated 2024)

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Customer Success, Service & Operations

Designation	Avg Annual Salary	Open Jobs
Customer Service Associate 0 - 7 years exp. · Indore (4 salaries)	₹3 L/yr - ₹3.5 L/yr
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Deputy Manager 5 - 12 years exp. · Indore (AmbitionBox Estimate)	₹5 L/yr - ₹8 L/yr	2 job openings
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Relationship Manager 2 - 4 years exp. · Indore (AmbitionBox Estimate)	₹2.6 L/yr - ₹4.8 L/yr	41 job openings
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Sales Support Specialist 3 - 6 years exp. · Indore (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
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Business Development Executive 2 years exp. · Indore (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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Manager OPS 15 years exp. · Indore (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
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Customer Service Assistant 3 years exp. · Indore (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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Senior Executive 14 - 16 years exp. · Indore (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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Intern 2 years exp. · Indore (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
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Salary Discussions, Hike & Promotions

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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Salary related reviews for SBI Mutual Fund

2.7

Rated by 7 employees for salary & benefits

Operations Support in Indore

Other Department

3.0

• posted on 18 Oct 2020

3.0

for Salary and Benefits

Likes

...t and culture to work.company policies are good and they give bonus every year . They give salary hike every year.

Dislikes

Company is not giving much hike in salary for Operations team specially off roll employees and there is a lot of politics and management doesn't address our issues. Even we don't get our mandatory leaves for our personal work. Career growth is very slow. Training is not given to any new joinees.

Senior Executive in Indore

Customer Success, Service & Operations Department

2.0

• posted on 25 Oct 2018

2.0

for Salary and Benefits

Likes

Very good good team work good infrastructure nice people .

Dislikes

Work pressure is very high and no off roll growth same work done by off roll by hike is lleno compensation I am working night to night manager do not value an individual.i do not receive appreciate ion email phone my client ifa bankers,but the mostly go un noticed during my mid year appraisals.

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.

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.

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.

Dislikes

Growth opportunities Salary increament Learning

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...

Dislikes

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

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SBI Mutual Fund interview questions by designations

Relationship Manager (5)Assistant Manager (2)Marketing Intern (1)Analyst (1)

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SBI Mutual Fund Salary FAQs

How much does SBI Mutual Fund pay per year?

The average SBI Mutual Fund salary ranges from approximately ₹0.5 Lakh to ₹2 Lakhs per year for a Banking Assistant and ₹28.5 Lakhs to ₹60 Lakhs per year for a Deputy Vice President. Salary estimates are based on 16 SBI Mutual Fund salaries received from various employees of SBI Mutual Fund. SBI Mutual Fund employees rate the overall salary and benefits package 2.7/5 stars.

What is the highest salary in SBI Mutual Fund?

The highest-paying job at SBI Mutual Fund is a Deputy Vice President with a salary of ₹28.5 Lakhs to ₹60 Lakhs per year. The top 10% of employees earn more than ₹19.69 lakhs per year. The top 1% earn more than a whopping ₹54.24 lakhs per year.

What is the minimum salary in SBI Mutual Fund?

Minimum salary at SBI Mutual Fund depends on the role you are applying for. For Customer Service Executive the minimum salary is ₹1.7 Lakh to ₹3.5 Lakhs per year, and for Operations Executive the minimum salary is ₹2 Lakhs to ₹3.1 Lakhs per year and so on.

What is the salary package for freshers in SBI Mutual Fund?

The average salary at SBI Mutual Fund for freshers varies from ₹2 Lakhs to ₹4.2 Lakhs per year for Sales Executive and ₹3.6 Lakhs to ₹7.5 Lakhs per year for Assistant Manager.

What is the notice period at SBI Mutual Fund in Indore?

According to AmbitionBox, 50% of the SBI Mutual Fund employees in Indore reported a notice period of 15 days or less, 40% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

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SBI Mutual Fund Indore Salaries by Department

Average annual salary in SBI Mutual Fund , Indore is INR . Salary estimates are based on 16 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.