SBI Mutual Fund Software Engineer Salaries by 4 Employees

3 - 7 years exp.

₹7.2 Lakhs - ₹10.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

At par with the average Software Engineer Salary in Financial Services Companies for 3 - 7 years of experience

Interested in this particular role?

Last Updated: 20 Feb 2024

Companies similar to SBI Mutual Fund for Software Engineer

Company name	Avg Annual Salary	Open Jobs
Morningstar Software Engineer Salary 2 - 5 years exp. (317 salaries)	₹6.6 L/yr - ₹18 L/yr 48% more	10 job openings
TSYS\|Total System Services Software Engineer Salary 2 - 6 years exp. (289 salaries)	₹7 L/yr - ₹23 L/yr 65% more
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Franklin Templeton Investments Software Engineer Salary 4 - 13 years exp. (109 salaries)	₹8 L/yr - ₹23 L/yr 110% more	1 job opening
ANZ Operations & Technology Software Engineer Salary 0 - 8 years exp. (58 salaries)	₹12.3 L/yr - ₹34.1 L/yr 133% more
TIAA Global Business Services Software Engineer Salary 0 - 8 years exp. (54 salaries)	₹7.5 L/yr - ₹25.8 L/yr 76% more
Mr Cooper Software Engineer Salary 0 - 5 years exp. (48 salaries)	₹7 L/yr - ₹14 L/yr 13% more	2 job openings
CSC Software Engineer Salary 1 - 6 years exp. (39 salaries)	₹2.8 L/yr - ₹10 L/yr 29% less	1 job opening
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Invesco Software Engineer Salary 1 - 9 years exp. (19 salaries)	₹5 L/yr - ₹14.3 L/yr 29% more
Kotak Securities Software Engineer Salary 0 - 7 years exp. (18 salaries)	₹3.2 L/yr - ₹12.5 L/yr 13% less
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Ocwen Financial Solutions Software Engineer Salary 3 - 5 years exp. (17 salaries)	₹4 L/yr - ₹9.8 L/yr 18% less
Empower Retirement Software Engineer Salary 1 - 7 years exp. (16 salaries)	₹6.5 L/yr - ₹18.5 L/yr 54% more
Sun Life Financial Software Engineer Salary 0 - 5 years exp. (14 salaries)	₹5 L/yr - ₹13.4 L/yr 1% more
MassMutual Software Engineer Salary 1 - 4 years exp. (10 salaries)	₹4.8 L/yr - ₹12 L/yr 6% less
Kroll Software Engineer Salary 2 - 5 years exp. (7 salaries)	₹7 L/yr - ₹13.5 L/yr 10% more
Reliance Capital Software Engineer Salary 1 - 4 years exp. (7 salaries)	₹4.2 L/yr - ₹5 L/yr 45% less
Sharekhan Software Engineer Salary 3 - 4 years exp. (5 salaries)	₹4 L/yr - ₹11.9 L/yr 7% more
Axis Direct Software Engineer Salary 0 - 2 years exp. (5 salaries)	₹3.1 L/yr - ₹5 L/yr 46% less
Macquarie Group Software Engineer Salary 2 - 3 years exp. (4 salaries)	₹12 L/yr - ₹18 L/yr 70% more

View all

Software Engineer salary at SBI Mutual Fund ranges between ₹7.2 Lakhs to ₹10.2 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Mutual Fund.

Experience wise SBI Mutual Fund Software Engineer salaries

Last Updated: 20 Feb 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
4 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.5 L/yr
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5 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.5 L/yr
6 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.4 L/yr
7 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr

Similar Designation salaries in SBI Mutual Fund

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹14.7 L/yr - ₹18.7 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Programmer Analyst Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Senior Consultant Salary

(AmbitionBox Estimate)

₹17.8 L/yr - ₹22.8 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹10.9 L/yr

Salary related reviews for SBI Mutual Fund

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.

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

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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SBI Mutual Fund Software Engineer Salary FAQs

What is the salary of Software Engineer at SBI Mutual Fund ?

The average salary of a Software Engineer at SBI Mutual Fund in India typically ranges from ₹7.2 Lakhs to ₹10.2 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Software Engineer at SBI Mutual Fund earn more than ₹10.2 Lakhs per year, and the top 1% earn over ₹10.2 Lakhs per year. Software Engineer 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 Software Engineer at SBI Mutual Fund in India?

The estimated take-home salary of a Software Engineer at SBI Mutual Fund in India typically ranges from ₹61,426 to ₹62,983 per month. This is based on the average salary range of ₹7.2 Lakhs to ₹10.2 Lakhs per year for employees with experience ranging from 3 years 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 Software Engineer in India?

Better.com	₹12.0 Lakhs to ₹30.0 Lakhs per year
MUFG Bank	₹4.2 Lakhs to ₹46.0 Lakhs per year
ANZ Operations & Technology	₹12.3 Lakhs to ₹34.1 Lakhs per year
Franklin Templeton Investments	₹8.0 Lakhs to ₹23.0 Lakhs per year
Ameriprise Financial	₹10.0 Lakhs to ₹26.0 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 Software Engineer in companies similar to SBI Mutual Fund in India?

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

Apex Group	₹14.7 Lakhs to ₹16.0 Lakhs per year
TIAA Global Business Services	₹7.5 Lakhs to ₹25.8 Lakhs per year
Macquarie Group	₹12.0 Lakhs to ₹18.0 Lakhs per year
TSYS\|Total System Services	₹7.0 Lakhs to ₹23.0 Lakhs per year
Empower Retirement	₹6.5 Lakhs to ₹18.5 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 Software Engineer at SBI Mutual Fund in India?

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

Experience	Average Salary Range
3 years	₹6.5 Lakhs to ₹8.3 Lakhs per year
4 years	₹6.6 Lakhs to ₹8.5 Lakhs per year
5 years	₹7.4 Lakhs to ₹9.5 Lakhs per year
6 years	₹8.2 Lakhs to ₹10.4 Lakhs per year

and so on.

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SBI Mutual Fund Software Engineer Salaries

SBI Mutual Fund Software Engineer salary in India ranges between ₹7.2 Lakhs to ₹10.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.