SBI Securities Mumbai Manager Salaries by 20+ Employees (Updated 2025)

5 - 16 years exp.

₹6 Lakhs - ₹22.6 Lakhs

Salary of majority employees

9% less than the average Manager Salary in Financial Services Companies for 5 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 5 - 16 years exp. (11 salaries)	₹8.4 L/yr - ₹13.9 L/yr
Engineering - Software & QA Manager Salary 10 - 12 years exp. (3 salaries)	₹17 L/yr - ₹20.4 L/yr
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Data Science & Analytics Manager Salary 8 - 13 years exp. (AmbitionBox Estimate)	₹14 L/yr - ₹22.6 L/yr
Human Resources Manager Salary 9 - 15 years exp. (AmbitionBox Estimate)	₹9.3 L/yr - ₹15.5 L/yr
Marketing & Communication Manager Salary 10 - 13 years exp. (AmbitionBox Estimate)	₹16.1 L/yr - ₹17.1 L/yr

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Last Updated: 5 Feb 2025

Companies similar to SBI Securities for Manager in Mumbai

SBI Securities Manager Salary

5 - 16 years exp. (26 salaries)

₹6 L/yr - ₹22.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Securities Manager Salary 1 - 11 years exp. (127 salaries)	₹4.2 L/yr - ₹11.7 L/yr 52% less
HDFC Securities Manager Salary 7 - 16 years exp. (53 salaries)	₹5.5 L/yr - ₹14.4 L/yr 25% less
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Kotak Securities Manager Salary 0 - 16 years exp. (229 salaries)	₹3.3 L/yr - ₹12 L/yr 46% less
Axis Direct Manager Salary 4 - 16 years exp. (45 salaries)	₹5 L/yr - ₹15.6 L/yr 21% less
Sharekhan Manager Salary 2 - 14 years exp. (22 salaries)	₹5 L/yr - ₹18 L/yr 29% less
Angel One Manager Salary 5 - 17 years exp. (59 salaries)	₹3.9 L/yr - ₹15 L/yr 41% less
Motilal Oswal Securities Manager Salary 4 - 12 years exp. (9 salaries)	₹4.5 L/yr - ₹7.1 L/yr 61% less
Edelweiss Manager Salary 3 - 14 years exp. (231 salaries)	₹5.1 L/yr - ₹21 L/yr 17% less
Reliance Securities Manager Salary 7 - 14 years exp. (16 salaries)	₹6.5 L/yr - ₹11.5 L/yr 38% less
Karvy Stock Broking Manager Salary 4 - 15 years exp. (3 salaries)	₹4 L/yr - ₹7.8 L/yr 62% less
Citicorp Manager Salary 4 - 19 years exp. (974 salaries)	₹9.7 L/yr - ₹37 L/yr 48% more
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Morgan Stanley Manager Salary 2 - 11 years exp. (956 salaries)	₹10 L/yr - ₹41.2 L/yr 59% more
BNP Paribas Manager Salary 9 - 17 years exp. (238 salaries)	₹9.3 L/yr - ₹34 L/yr 33% more
Motilal Oswal Financial Services Manager Salary 4 - 13 years exp. (186 salaries)	₹4 L/yr - ₹14.6 L/yr 43% less
State Street Corporation Manager Salary 8 - 17 years exp. (105 salaries)	₹10 L/yr - ₹31 L/yr 25% more
Marsh McLennan Manager Salary 4 - 16 years exp. (96 salaries)	₹8.9 L/yr - ₹30 L/yr 20% more
HSBC Group Manager Salary 2 - 18 years exp. (61 salaries)	₹7 L/yr - ₹25.8 L/yr At par	2 job openings
UBS Manager Salary 7 - 15 years exp. (34 salaries)	₹9 L/yr - ₹24 L/yr 6% more
Morningstar Manager Salary 9 - 18 years exp. (20 salaries)	₹15.4 L/yr - ₹30 L/yr 67% more
HDFC Sales Manager Salary 10 - 19 years exp. (9 salaries)	₹6 L/yr - ₹17 L/yr 24% less	1 job opening

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Manager salary at SBI Securities ranges between ₹6 Lakhs to ₹22.6 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 26 latest salaries received from various employees of SBI Securities.

Experience wise SBI Securities Manager salaries in Mumbai

Last Updated: 5 Feb 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹28.3 L/yr
6 years (AmbitionBox Estimate)	₹14 L/yr - ₹17.9 L/yr
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7 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹27.8 L/yr
8 years (AmbitionBox Estimate)	₹13.9 L/yr - ₹22.6 L/yr
9 years (4 salaries)	₹7.2 L/yr - ₹27.3 L/yr
10 years (3 salaries)	₹8.4 L/yr - ₹17 L/yr
11 years (AmbitionBox Estimate)	₹6 L/yr - ₹18.5 L/yr
12 years (3 salaries)	₹6 L/yr - ₹20.4 L/yr
13 years (4 salaries)	₹10 L/yr - ₹17.1 L/yr
14 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹26.1 L/yr
15+ years (5 salaries)	₹9.5 L/yr - ₹15.5 L/yr

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Similar Designation salaries in SBI Securities

Deputy Manager Salary

(40 salaries)

₹5.09 L/yr - ₹15.7 L/yr

Assistant Vice President Salary

(4 salaries)

₹26.7 L/yr - ₹40 L/yr

Senior Analyst Salary

(4 salaries)

₹3.5 L/yr - ₹5.5 L/yr

Top skills at SBI Securities for Manager

Litigation Insurance Sales Legal Aspects Digital Sales Team Handling

Salary related reviews for SBI Securities

Relationship Officer in Hathras

Full Time

Other Department

5.0

• posted on 19 Nov 2024

3.0

for Salary and Benefits

Likes

I would love to share feedback specially to the Cluster Manager (Mr.Vipin Kumar)and Sales Manager (Gajendra Pratap) of Delhi/Haryana/Up Region... they are so good with their team and I really had such an amazing experience with sbicap securities...... Thank u everyone for given me that opportunity i learnt a lot of things from this company

Skill development - Excellent

+5 more

Dislikes

Only thing which i don't like which is salary package otherwise their is nothing to dislike in this ompany

Officer in Mumbai

Full Time

Other Department

2.0

• posted on 13 May 2024

1.0

for Salary and Benefits

Likes

There is nothing much here to like z these people don't know how to upgrade and maintain the clients.

Dislikes

Worts system and they don't want to pay to get the platform good and only senior employees get good benefits and salary and bonus too, inshort a worst place to choose for 6 to 8 years of caree.

Salary - Bad

+5 more

Senior Relationship Manager in Gandhinagar

Full Time

Finance & Accounting Department

1.0

• posted on 24 Feb 2024

1.0

for Salary and Benefits

Likes

Like nothing about the compny , don’t go there, Managemant are poor, not job secure. Bed experience for compny

Dislikes

...n they don’t approve it, they do it on the last day of the notice period nd they don’t give salary for 3 months.. Even if there is an incentive, everyone makes their own rules and cuts them without giving any information. Compny norms change any time nd without intimation. High pressure form top managemnt , Get fire anytime… Do not work in this company even by mistake. BM,CH,ZH all very bed person.. don’t think anything good for the employer Brings everyone into mental depression by pressuring work.

Salary - Bad

+6 more

Relationship Officer in Shimla

Full Time

Sales & Business Development Department

3.0

• posted on 17 Feb 2024

3.0

for Salary and Benefits

Likes

Respect in Society, Because as a RO you are posted in SBI branch and co role is of floor coordinator along with sales of Sbi Securities. So most people will think that you work for SBI Bank

Job security - Good

+1 more

Dislikes

Upper Management not good Less salary as compared to market Incentive plan is worst Dealing team 👎🏻 Less appraisal

Skill development - Poor

+2 more

Relationship Officer in Jaipur

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 21 Jul 2024

2.0

for Salary and Benefits

Likes

Very nice working environment and supportive staff

Skill development - Excellent

+4 more

Dislikes

I am working here since 2018 almost have 6 year experience....so can say senior employee in my location and also performed here very well like topper but still my salary is 21000 .....so this the major issue and reason that many senior executive switch here from here to another company

Salary - Poor

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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SBI Securities Manager Salary FAQs

What is the salary of Manager at SBI Securities Mumbai?

Manager salary at SBI Securities in Mumbai ranges between ₹6.0 Lakhs to ₹22.6 Lakhs for experience between 5 years to 16 years. According to our estimates it is 9% less than the average Manager Salary in India. Salary estimates are based on 26 latest salaries received from various employees of SBI Securities Mumbai.

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

The average salary of a Manager at SBI Securities is 9% less than the average salary of a Manager in Mumbai. To know exact salary insights, login to view.

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

Litigation, Insurance Sales, Legal Aspects, Digital Sales and Team Handling are some of the popular skills required to work as a Manager at SBI Securities Mumbai.

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

Morningstar Manager Salary - ₹15.4 Lakhs to ₹30.0 Lakhs per year
Morgan Stanley Manager Salary - ₹10.0 Lakhs to ₹41.2 Lakhs per year
Citicorp Manager Salary - ₹9.7 Lakhs to ₹37.0 Lakhs per year
BNP Paribas Manager Salary - ₹9.3 Lakhs to ₹34.0 Lakhs per year
State Street Corporation Manager Salary - ₹10.0 Lakhs to ₹31.0 Lakhs per year

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

Marsh McLennan Manager Salary - ₹8.9 Lakhs to ₹30.0 Lakhs per year
Synchrony Manager Salary - ₹9.3 Lakhs to ₹24.0 Lakhs per year
UBS Manager Salary - ₹9.0 Lakhs to ₹24.0 Lakhs per year
HSBC Group Manager Salary - ₹7.0 Lakhs to ₹25.8 Lakhs per year
Aon Manager Salary - ₹12.2 Lakhs to ₹16.5 Lakhs per year

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

The estimated take-home salary of a Manager at SBI Securities ranges between ₹1,03,388 per month to ₹1,06,219 per month in Mumbai. The take-home salary calculation is based on the average SBI Securities Manager salary in India which ranges between ₹6.0 Lakhs to ₹22.6 Lakhs per year for employees with experience between 5 years to 16 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 76% of the SBI Securities Managers in Mumbai reported a notice period of 3 Months, 19% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

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SBI Securities Manager Salaries in Mumbai

SBI Securities Manager salary in Mumbai ranges between ₹6 Lakhs to ₹22.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 SBI Securities latest salaries received from various employees of SBI Securities.