SBI Securities Mumbai Channel Manager Salaries by 5 Employees (Updated 2024)

9 - 14 years exp.

₹5 Lakhs - ₹10.5 Lakhs

Salary of majority employees

22% less than the average Channel Manager Salary in Financial Services Companies for 9 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Channel Manager Salary 10 - 13 years exp. (3 salaries)	₹6.2 L/yr - ₹10.5 L/yr
Finance & Accounting Channel Manager Salary 9 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹5 L/yr
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Sales & Business Development Channel Manager Salary 14 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹10.5 L/yr

Last Updated: 17 Sep 2023

Companies similar to SBI Securities for Channel Manager in Mumbai

SBI Securities Channel Manager Salary

9 - 14 years exp. (5 salaries)

₹5 L/yr - ₹10.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Securities Channel Manager Salary 1 - 12 years exp. (13 salaries)	₹4 L/yr - ₹7.2 L/yr 6% less
Broker Network Channel Manager Salary 0 - 10 years exp. (62 salaries)	₹3 L/yr - ₹7.8 L/yr 18% less
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HDFC Bank Channel Manager Salary 1 - 11 years exp. (36 salaries)	₹4.4 L/yr - ₹14.5 L/yr 25% more
IDFC FIRST Bank Channel Manager Salary 1 - 6 years exp. (21 salaries)	₹2 L/yr - ₹5.1 L/yr 28% less
Axis Bank Channel Manager Salary 0 - 15 years exp. (14 salaries)	₹9 L/yr - ₹28 L/yr 155% more

Channel Manager salary at SBI Securities ranges between ₹5 Lakhs to ₹10.5 Lakhs per year for employees with experience between 9 years to 14 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Securities.

Experience wise SBI Securities Channel Manager salaries in Mumbai

Last Updated: 17 Sep 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹5 L/yr - ₹11.5 L/yr
10 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹8.5 L/yr
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11 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
12 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹8.5 L/yr
13 years (AmbitionBox Estimate)	₹3 L/yr - ₹10.5 L/yr
14 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹10.5 L/yr

View all

Similar Designation salaries in SBI Securities

Deputy Manager Salary

(38 salaries)

₹5.09 L/yr - ₹15.7 L/yr

Sales Manager Salary

(23 salaries)

₹3.15 L/yr - ₹6.75 L/yr

Sales Officer Salary

(5 salaries)

₹2.4 L/yr - ₹3 L/yr

Branch Manager Salary

(4 salaries)

₹6.65 L/yr - ₹10 L/yr

Top skills at SBI Securities for Channel Manager

Insurance Bonds Mutual Funds Fixed Income Debentures Fixed Deposits PMS Cross Selling Distribution shares Franchisee Development FD Channel Partners LI GI

Salary related reviews for SBI Securities

3.0

Rated by 1 employees for salary & benefits

Channel Manager in Mumbai

Sales & Business Development Department

4.0

• posted on 01 Oct 2020

3.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive, there is a huge cafeteria and food facilities from the company. Company policies are good

Dislikes

There is a lot of policies and the management doesn't address our issues. Salary is decent but career growth is very slow. There is a notice period is 3 months. On the job training is not given to new joinees.

Sales Manager in Chandigarh

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 10 Jul 2024

1.0

for Salary and Benefits

Likes

...ife balance,lots of Pressure in Third party Insurance. No HR and Senior Support. No salary and Appraisals

Dislikes

No salary satisfaction and appraisal No HR and Senior support Pressure of Selling of third party products like mutual funds, General Insurance/Health, Brokerage Customer Requirement

Sales Executive in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

1.0

• posted on 10 Oct 2023

1.0

for Salary and Benefits

Likes

No writing west company no one told previous joining after joining u did not notice period serving u have pay thuthupalish company get way I'm really soryy I'm working in this company bye forever

Dislikes

This company are disliked

Sales Executive in Jaipur

Full Time

Sales & Business Development Department

5.0

• posted on 30 Aug 2022

3.0

for Salary and Benefits

Likes

Timely salary, Easily and achievable targets, Best part is its process and working, High authorities are always supported, Office head also very supportive person.

Dislikes

Inner politics, team leaders attitude towards employee, SM is not trustable.

Sales Manager in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

3.0

• posted on 18 Sep 2020

1.0

for Salary and Benefits

Likes

Good work environment and culture . Teammates are supporting well no salary deduction in covid -19,Thanks for company supporting in creitacal situation ,my request is salary correction

Dislikes

I have 6yers experience hear but salary not satisfied ,new joinee are getting more then me almost double for same position There is a bond of 6 years with this company

see more salary related reviews

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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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SBI Securities Channel Manager Salary FAQs

What is the salary of Channel Manager at SBI Securities Mumbai?

Channel Manager salary at SBI Securities in Mumbai ranges between ₹5.0 Lakhs to ₹10.5 Lakhs for experience between 9 years to 14 years. According to our estimates it is 22% less than the average Channel Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Securities Mumbai.

How does the salary of a Channel Manager at SBI Securities Mumbai compare with the average salary range for this job?

The average salary of a Channel Manager at SBI Securities is 22% less than the average salary of a Channel Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Channel Manager at SBI Securities?

Insurance, Bonds, Mutual Funds, Fixed Income and Debentures are some of the popular skills required to work as a Channel Manager at SBI Securities Mumbai.

Which similar companies are paying more than SBI Securities to a Channel Manager in Mumbai?

Axis Bank Channel Manager Salary - ₹9.0 Lakhs to ₹28.0 Lakhs per year
HDFC Bank Channel Manager Salary - ₹4.4 Lakhs to ₹14.5 Lakhs per year

What is the salary of a Channel Manager in companies similar to SBI Securities in Mumbai?

ICICI Securities Channel Manager Salary - ₹4.0 Lakhs to ₹7.2 Lakhs per year
Broker Network Channel Manager Salary - ₹3.0 Lakhs to ₹7.8 Lakhs per year
IDFC FIRST Bank Channel Manager Salary - ₹2.0 Lakhs to ₹5.1 Lakhs per year

What is the estimated take home salary of a Channel Manager at SBI Securities in Mumbai?

The estimated take-home salary of a Channel Manager at SBI Securities ranges between ₹50,052 per month to ₹51,234 per month in Mumbai. The take-home salary calculation is based on the average SBI Securities Channel Manager salary in India which ranges between ₹5.0 Lakhs to ₹10.5 Lakhs per year for employees with experience between 9 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Channel Manager at SBI Securities in Mumbai?

According to AmbitionBox, 100% of the SBI Securities Channel Managers in Mumbai reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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SBI Securities Channel Manager Salaries in Mumbai

SBI Securities Channel Manager salary in Mumbai ranges between ₹5 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI Securities latest salaries received from various employees of SBI Securities.