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

5 - 16 years exp.

₹6.1 Lakhs - ₹22.6 Lakhs

Salary of majority employees

8% 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. (12 salaries)	₹7.2 L/yr - ₹13.9 L/yr
Engineering - Software & QA Manager Salary 10 - 12 years exp. (3 salaries)	₹15.7 L/yr - ₹20.4 L/yr
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Human Resources Manager Salary 9 - 15 years exp. (3 salaries)	₹9.3 L/yr - ₹15.5 L/yr
Data Science & Analytics Manager Salary 8 - 13 years exp. (AmbitionBox Estimate)	₹14 L/yr - ₹22.6 L/yr
Marketing & Communication Manager Salary 10 - 13 years exp. (AmbitionBox Estimate)	₹15.3 L/yr - ₹17.1 L/yr

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Last Updated: 19 Mar 2025

Companies similar to SBI Securities for Manager in Mumbai

SBI Securities Manager Salary

5 - 16 years exp. (29 salaries)

₹6.1 L/yr - ₹22.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Morgan Stanley Manager Salary 2 - 11 years exp. (1k salaries)	₹10 L/yr - ₹41.2 L/yr 56% more
Citicorp Manager Salary 4 - 19 years exp. (965 salaries)	₹9.7 L/yr - ₹38 L/yr 46% more
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BNP Paribas Manager Salary 8 - 17 years exp. (253 salaries)	₹9.3 L/yr - ₹35.6 L/yr 34% more
Kotak Securities Manager Salary 0 - 16 years exp. (248 salaries)	₹3.9 L/yr - ₹15 L/yr 44% less
ICICI Securities Manager Salary 1 - 11 years exp. (127 salaries)	₹4.2 L/yr - ₹11.7 L/yr 52% less
State Street Corporation Manager Salary 8 - 17 years exp. (115 salaries)	₹10 L/yr - ₹31 L/yr 17% more
Marsh McLennan Manager Salary 4 - 16 years exp. (101 salaries)	₹8.9 L/yr - ₹30.8 L/yr 17% more
HSBC Group Manager Salary 2 - 18 years exp. (61 salaries)	₹6 L/yr - ₹25 L/yr 4% less
Axis Direct Manager Salary 4 - 16 years exp. (46 salaries)	₹5 L/yr - ₹15.6 L/yr 26% less
UBS Manager Salary 8 - 15 years exp. (33 salaries)	₹9 L/yr - ₹24 L/yr 13% more
Motilal Oswal Manager Salary 2 - 14 years exp. (26 salaries)	₹4.2 L/yr - ₹15.9 L/yr 37% less
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Morningstar Manager Salary 10 - 18 years exp. (14 salaries)	₹15.4 L/yr - ₹30 L/yr 67% more
Bajaj Capital Manager Salary 2 - 6 years exp. (12 salaries)	₹4 L/yr - ₹8.9 L/yr 52% less
HDFC Sales Manager Salary 10 - 19 years exp. (9 salaries)	₹6 L/yr - ₹17 L/yr 25% less	1 job opening
Synchrony Manager Salary 3 - 8 years exp. (8 salaries)	₹13.5 L/yr - ₹24 L/yr 11% more
Cholamandalam Investment & Finance Manager Salary 4 - 12 years exp. (6 salaries)	₹4 L/yr - ₹10 L/yr 55% less
TIAA Global Business Services Manager Salary 9 - 11 years exp. (3 salaries)	₹25 L/yr - ₹26.5 L/yr 68% more

Manager salary at SBI Securities ranges between ₹6.1 Lakhs to ₹22.6 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 29 latest salaries received from various employees of SBI Securities.

Experience wise SBI Securities Manager salaries in Mumbai

Last Updated: 19 Mar 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹28.4 L/yr
6 years (AmbitionBox Estimate)	₹14.1 L/yr - ₹18 L/yr
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7 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹28 L/yr
8 years (AmbitionBox Estimate)	₹13.9 L/yr - ₹22.6 L/yr
9 years (5 salaries)	₹7.2 L/yr - ₹21.5 L/yr
10 years (5 salaries)	₹7.2 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 - ₹26.6 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

5.0

Rated by 1 employees for salary & benefits

Sales Executive in Visakhapatnam

Full Time

Sales & Business Development Department

5.0

• posted on 19 Mar 2025

5.0

for Salary and Benefits

Likes

My work is in branch customer service and give them demat account and explained smart value plans this is my work. I like customer service.

Salary - Excellent

+3 more

Dislikes

...t value plans because customer not interested doing trading. this is my problem.salary is not good, promotions very slow, not permanently job role.

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 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

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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SBI Securities Manager Salary FAQs

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

The average salary of a Manager at SBI Securities in Mumbai typically ranges from ₹6.1 Lakhs to ₹22.6 Lakhs per year, depending on experience (from 5 years to 16 years).

The top 10% of Manager in Mumbai at SBI Securities earn more than ₹19.7 Lakhs per year, and the top 1% earn over ₹22.6 Lakhs per year. Manager Salaries at SBI Securities 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 20+ SBI Securities employees in India.

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 in Mumbai typically ranges from ₹1,04,496 to ₹1,07,363 per month. This is based on the average salary range of ₹6.1 Lakhs to ₹22.6 Lakhs per year for employees with experience ranging from 5 years to 16 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 20+ salaries received from various employees of SBI Securities. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Manager at SBI Securities in Mumbai?

To be a Manager at SBI Securities in Mumbai, the key skills required include:

- Litigation
- Insurance Sales
- Legal Aspects
- Digital Sales
- Team Handling

These skills are highly valued at SBI Securities and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than SBI Securities for Manager in India?

TIAA Global Business Services	₹25.0 Lakhs to ₹26.5 Lakhs per year
Morningstar	₹15.4 Lakhs to ₹30.0 Lakhs per year
Morgan Stanley	₹10.0 Lakhs to ₹41.2 Lakhs per year
Citicorp	₹9.7 Lakhs to ₹38.0 Lakhs per year
BNP Paribas	₹9.3 Lakhs to ₹35.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Securities, depending on the role and experience level.

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

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

State Street Corporation	₹10.0 Lakhs to ₹31.0 Lakhs per year
Marsh McLennan	₹8.9 Lakhs to ₹30.8 Lakhs per year
UBS	₹9.0 Lakhs to ₹24.0 Lakhs per year
Synchrony	₹13.5 Lakhs to ₹24.0 Lakhs per year
HSBC Group	₹6.0 Lakhs to ₹25.0 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 Manager at SBI Securities in Mumbai?

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

Experience	Average Salary Range
5 years	₹9.5 Lakhs to ₹28.4 Lakhs per year
6 years	₹14.1 Lakhs to ₹18.0 Lakhs per year
7 years	₹12.6 Lakhs to ₹28.0 Lakhs per year
8 years	₹13.9 Lakhs to ₹22.6 Lakhs per year

and so on.

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SBI Securities Manager Salaries in Mumbai

SBI Securities Manager salary in Mumbai ranges between ₹6.1 Lakhs to ₹22.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 29 SBI Securities latest salaries received from various employees of SBI Securities.