SBI Mutual Fund Senior Manager Salaries by 30+ Employees (Updated 2025)

8 - 15 years exp.

₹7.3 Lakhs - ₹28 Lakhs

Salary of majority employees

Fixed (81%)

₹14.8 Lakhs

Variable (19%)

₹3.5 Lakhs

16% less than the average Senior Manager Salary in Financial Services Companies for 8 - 15 years of experience

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Salaries in different departments

Product Management Senior Manager Salary 8 - 15 years exp. (9 salaries)	₹13.2 L/yr - ₹26.5 L/yr
Sales & Business Development Senior Manager Salary 8 - 14 years exp. (9 salaries)	₹8 L/yr - ₹19.3 L/yr
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BFSI, Investments & Trading Senior Manager Salary 9 - 15 years exp. (8 salaries)	₹8.2 L/yr - ₹28 L/yr
Customer Success, Service & Operations Senior Manager Salary 11 - 15 years exp. (3 salaries)	₹11 L/yr - ₹17.6 L/yr
Finance & Accounting Senior Manager Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹19.8 L/yr - ₹27 L/yr

View all

Last Updated: 16 Jan 2025

Companies similar to SBI Mutual Fund for Senior Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Securities Senior Manager Salary 5 - 18 years exp. (306 salaries)	₹5.4 L/yr - ₹20 L/yr 32% less
Ocwen Financial Solutions Senior Manager Salary 13 - 22 years exp. (53 salaries)	₹21.5 L/yr - ₹42.4 L/yr 89% more
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Fidelity International Senior Manager Salary 10 - 18 years exp. (50 salaries)	₹25 L/yr - ₹60 L/yr 142% more	3 job openings
Axis Direct Senior Manager Salary 7 - 17 years exp. (42 salaries)	₹7.4 L/yr - ₹24.5 L/yr 10% less
Srei Equipment Finance Senior Manager Salary 7 - 20 years exp. (37 salaries)	₹5 L/yr - ₹7.5 L/yr 59% less
Better.com Senior Manager Salary 5 - 15 years exp. (37 salaries)	₹18 L/yr - ₹45 L/yr 55% more
Sun Life Financial Senior Manager Salary 11 - 19 years exp. (35 salaries)	₹18 L/yr - ₹48.5 L/yr 83% more
Morningstar Senior Manager Salary 11 - 18 years exp. (29 salaries)	₹18 L/yr - ₹45 L/yr 46% more
Sharekhan Senior Manager Salary 6 - 18 years exp. (27 salaries)	₹8 L/yr - ₹23 L/yr 14% less
Franklin Templeton Investments Senior Manager Salary 13 - 20 years exp. (27 salaries)	₹15 L/yr - ₹42 L/yr 57% more
Ameriprise Financial Senior Manager Salary 13 - 20 years exp. (28 salaries)	₹34.2 L/yr - ₹60 L/yr 161% more
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Reliance Capital Senior Manager Salary 5 - 16 years exp. (18 salaries)	₹6 L/yr - ₹20.2 L/yr 38% less
Invesco Senior Manager Salary 14 - 22 years exp. (13 salaries)	₹25.5 L/yr - ₹52 L/yr 132% more	1 job opening
Macquarie Group Senior Manager Salary 11 - 18 years exp. (12 salaries)	₹27 L/yr - ₹50 L/yr 95% more
TSYS\|Total System Services Senior Manager Salary 12 - 19 years exp. (11 salaries)	₹30 L/yr - ₹45 L/yr 119% more
XL India Business Services Senior Manager Salary 9 - 20 years exp. (10 salaries)	₹24.5 L/yr - ₹34 L/yr 63% more
Aditya Birla SunLife Asset Management Company Senior Manager Salary 4 - 10 years exp. (7 salaries)	₹7 L/yr - ₹15.5 L/yr 41% less
TIAA Global Business Services Senior Manager Salary 13 - 18 years exp. (6 salaries)	₹26.5 L/yr - ₹30.9 L/yr 56% more
MUFG Bank Senior Manager Salary 9 - 24 years exp. (6 salaries)	₹12.3 L/yr - ₹28.5 L/yr 22% more
Empower Retirement Senior Manager Salary 11 - 19 years exp. (6 salaries)	₹39.5 L/yr - ₹47 L/yr 127% more

View all

Senior Manager salary at SBI Mutual Fund ranges between ₹7.3 Lakhs to ₹28 Lakhs per year for employees with experience between 8 years to 15 years. Salary estimates are based on 38 latest salaries received from various employees of SBI Mutual Fund.

Experience wise SBI Mutual Fund Senior Manager salaries

Last Updated: 16 Jan 2025

Experience	Avg Annual Salary
8 years (5 salaries)	₹19.3 L/yr - ₹25 L/yr
9 years (3 salaries)	₹18 L/yr - ₹24.5 L/yr
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10 years (4 salaries)	₹8 L/yr - ₹26.5 L/yr
11 years (4 salaries)	₹8.2 L/yr - ₹28 L/yr
12 years (8 salaries)	₹7.5 L/yr - ₹24.5 L/yr
13 years (4 salaries)	₹10 L/yr - ₹27 L/yr
14 years (5 salaries)	₹10 L/yr - ₹31.5 L/yr
15+ years (5 salaries)	₹12 L/yr - ₹19 L/yr

View all

Similar Designation salaries in SBI Mutual Fund

Store Manager Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Regional Manager Salary

(3 salaries)

₹25 L/yr - ₹32.8 L/yr

Deputy Manager Salary

(89 salaries)

₹4.7 L/yr - ₹13.5 L/yr

Sales Manager Salary

(6 salaries)

₹2.15 L/yr - ₹3.5 L/yr

Branch Manager Salary

(27 salaries)

₹4.45 L/yr - ₹11.3 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹10.7 L/yr - ₹13.7 L/yr

Area Sales Manager Salary

(4 salaries)

₹1.15 L/yr - ₹7 L/yr

Relationship Manager Salary

(179 salaries)

₹2 L/yr - ₹8 L/yr

Sales Officer Salary

(4 salaries)

₹1.45 L/yr - ₹3 L/yr

Top skills at SBI Mutual Fund for Senior Manager

Debt Market Inside Sales MS Office Veritas Netbackup Mutual Fund Operations

Salary related reviews for SBI Mutual Fund

4.8

Rated by 5 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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Salary Discussions, Hike & Promotions

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 Senior Manager Salary FAQs

What is the salary of Senior Manager at SBI Mutual Fund ?

The average salary of a Senior Manager at SBI Mutual Fund in India typically ranges from ₹7.3 Lakhs to ₹28.0 Lakhs per year, depending on experience (from 8 years to 15 years).

The top 10% of Senior Manager at SBI Mutual Fund earn more than ₹25.7 Lakhs per year, and the top 1% earn over ₹28.0 Lakhs per year. Senior 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 30+ SBI Mutual Fund employees in India.

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

The estimated take-home salary of a Senior Manager at SBI Mutual Fund in India typically ranges from ₹1,22,597 to ₹1,26,200 per month. This is based on the average salary range of ₹7.3 Lakhs to ₹28.0 Lakhs per year for employees with experience ranging from 8 years to 15 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 30+ 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 Senior Manager at SBI Mutual Fund ?

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

- Debt Market
- Inside Sales
- MS Office
- Veritas Netbackup
- Mutual Fund Operations

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 Senior Manager in India?

Ameriprise Financial	₹34.2 Lakhs to ₹60.0 Lakhs per year
Fidelity International	₹25.0 Lakhs to ₹60.0 Lakhs per year
Invesco	₹25.5 Lakhs to ₹52.0 Lakhs per year
Empower Retirement	₹39.5 Lakhs to ₹47.0 Lakhs per year
TSYS\|Total System Services	₹30.0 Lakhs to ₹45.0 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 Senior Manager in companies similar to SBI Mutual Fund in India?

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

ANZ Operations & Technology	₹22.0 Lakhs to ₹50.0 Lakhs per year
Macquarie Group	₹27.0 Lakhs to ₹50.0 Lakhs per year
Ocwen Financial Solutions	₹21.5 Lakhs to ₹42.4 Lakhs per year
Kroll	₹25.0 Lakhs to ₹40.4 Lakhs per year
Sun Life Financial	₹18.0 Lakhs to ₹48.5 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 Senior Manager at SBI Mutual Fund in India?

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

Experience	Average Salary Range
8 years	₹19.3 Lakhs to ₹25.0 Lakhs per year
9 years	₹18.0 Lakhs to ₹24.5 Lakhs per year
10 years	₹8.0 Lakhs to ₹26.5 Lakhs per year
11 years	₹8.2 Lakhs to ₹28.0 Lakhs per year

and so on.

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SBI Mutual Fund Senior Manager Salaries

SBI Mutual Fund Senior Manager salary in India ranges between ₹7.3 Lakhs to ₹28 Lakhs with an average annual salary of ₹. Salary estimates are based on 38 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.