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SBI Securities Relationship Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 8 years exp.
₹2 Lakhs - ₹5.2 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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29% less than the average Relationship Manager Salary in Financial Services Companies for 0 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Relationship Manager Salary
0 - 8 years exp. (47 salaries)
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₹2 L/yr - ₹5 L/yr

Finance & Accounting
Relationship Manager Salary
0 - 5 years exp. (19 salaries)
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₹2 L/yr - ₹4 L/yr

Customer Success, Service & Operations
Relationship Manager Salary
1 - 8 years exp. (10 salaries)
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₹2.5 L/yr - ₹5.2 L/yr

Sales & Business Development
Relationship Manager Salary
0 - 8 years exp. (6 salaries)
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₹2.2 L/yr - ₹4.5 L/yr

Last Updated: 23 Mar 2025

Companies similar to SBI Securities for Relationship Manager in Mumbai

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SBI Securities Relationship Manager Salary

0 - 8 years exp. (91 salaries)

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₹2 L/yr - ₹5.2 L/yr

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Company name Avg Annual Salary Open Jobs
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HDFC Sales Relationship Manager Salary

0 - 10 years exp. (111 salaries)

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₹1.5 L/yr - ₹6 L/yr

arrow icon 7% less
1 job opening
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ICICI Securities Relationship Manager Salary

0 - 7 years exp. (59 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 26% more
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American Express Relationship Manager Salary

2 - 11 years exp. (53 salaries)

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₹3 L/yr - ₹12.5 L/yr

arrow icon 106% more
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Bajaj Capital Relationship Manager Salary

0 - 8 years exp. (49 salaries)

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₹2.4 L/yr - ₹6 L/yr

arrow icon 21% more
36 job openings
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Citicorp Relationship Manager Salary

4 - 10 years exp. (41 salaries)

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₹4.9 L/yr - ₹18.5 L/yr

arrow icon 227% more
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Kotak Securities Relationship Manager Salary

0 - 8 years exp. (30 salaries)

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₹1.6 L/yr - ₹4.5 L/yr

arrow icon 8% less
1 job opening
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Axis Direct Relationship Manager Salary

0 - 9 years exp. (15 salaries)

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₹2.4 L/yr - ₹5.7 L/yr

arrow icon 4% more
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Motilal Oswal Relationship Manager Salary

0 - 8 years exp. (15 salaries)

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₹1.7 L/yr - ₹4.5 L/yr

arrow icon 27% less
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₹3 L/yr - ₹5 L/yr

arrow icon 3% less
1 job opening
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HSBC Group Relationship Manager Salary

1 - 10 years exp. (6 salaries)

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₹4.5 L/yr - ₹9 L/yr

arrow icon 62% more
3 job openings
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Marsh McLennan Relationship Manager Salary

3 - 5 years exp. (4 salaries)

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₹8 L/yr - ₹11 L/yr

arrow icon 172% more
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BNP Paribas Relationship Manager Salary

3 - 8 years exp. (4 salaries)

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₹11 L/yr - ₹43 L/yr

arrow icon 559% more
Relationship Manager salary at SBI Securities ranges between ₹2 Lakhs to ₹5.2 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 91 latest salaries received from various employees of SBI Securities.

Latest annual salaries shared by SBI Securities Relationship Manager in Mumbai

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Experience wise SBI Securities Relationship Manager salaries in Mumbai

Last Updated: 23 Mar 2025

Experience Avg Annual Salary
Fresher  (16 salaries)

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₹2 L/yr - ₹4.5 L/yr
1 year  (19 salaries)

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₹2 L/yr - ₹4.3 L/yr
2 years  (10 salaries)

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₹2.2 L/yr - ₹4.4 L/yr
3 years  (12 salaries)

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₹2.4 L/yr - ₹4.4 L/yr
4 years  (15 salaries)

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₹2.3 L/yr - ₹4.2 L/yr
View all

Similar Designation salaries in SBI Securities

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₹1.3 L/yr - ₹3.5 L/yr
Deputy Manager Salary
(40 salaries)
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₹5.09 L/yr - ₹15.7 L/yr
Sales Manager Salary
(24 salaries)
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₹3.15 L/yr - ₹6.75 L/yr
Branch Manager Salary
(4 salaries)
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₹6.65 L/yr - ₹10 L/yr

Top skills at SBI Securities for Relationship Manager

NISM Trading brokerage Equity HNI Client Handling broking demat Derivatives Home Loans stock broking housing loan Stock Market Mortgage Loans Dealing Sales

Salary related reviews for SBI Securities

2.8

Rated by 9 employees for salary & benefits

Sales & Business Development Department

5.0
  •  posted on 06 Jan 2022

3.0
 for  Salary and Benefits

Likes

Good work environment and culture.Teammates are supportive and the management is transparent

  • Skill development - Good
  • +5 more

Dislikes

There is a lot of politics and the management doesn't address our issue. Salary is decent but career growth is slow. There is a bond of 2years before which you cannot resign.On the job training is not given to new joiners.

read more

BFSI, Investments & Trading Department

4.0
  •  posted on 15 Jan 2021

3.0
 for  Salary and Benefits

Likes

Job security is very good and culture also good but salary is very poor and increment very low .

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  • Skill development - Excellent
  • +4 more

Dislikes

Our team leader qualifications is very low and culture is no good always use to slung language.But management is not necessary for that and they also not known about team leade's behaviour.

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  • Promotions - Poor

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.

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  • 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.

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Full Time

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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

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  • 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

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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

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  • Job security - Good
  • +1 more

Dislikes

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

read more
  • Skill development - Poor
  • +2 more
see more salary related reviews

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SBI Securities Relationship Manager Salary FAQs

What is the salary of Relationship Manager at SBI Securities in Mumbai?
The average salary of a Relationship Manager at SBI Securities in Mumbai typically ranges from ₹2.0 Lakhs to ₹5.2 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Relationship Manager in Mumbai at SBI Securities earn more than ₹4.3 Lakhs per year, and the top 1% earn over ₹5.1 Lakhs per year. Relationship 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 90+ SBI Securities employees in India.
What is the estimated take home salary of a Relationship Manager at SBI Securities in Mumbai?
The estimated take-home salary of a Relationship Manager at SBI Securities in Mumbai typically ranges from ₹27,320 to ₹28,724 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹5.2 Lakhs per year for employees with experience ranging from Fresher to 8 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 90+ 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 Relationship Manager at SBI Securities in Mumbai?
To be a Relationship Manager at SBI Securities in Mumbai, the key skills required include:

  • - NISM
  • - Trading
  • - brokerage
  • - Equity
  • - HNI Client 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 Relationship Manager in India?
BNP Paribas ₹11.0 Lakhs to ₹43.0 Lakhs per year
Citicorp ₹4.9 Lakhs to ₹18.5 Lakhs per year
Marsh McLennan ₹8.0 Lakhs to ₹11.0 Lakhs per year
American Express ₹3.0 Lakhs to ₹12.5 Lakhs per year
HSBC Group ₹4.5 Lakhs to ₹9.0 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 Relationship Manager in companies similar to SBI Securities in Mumbai?
The salary of a Relationship Manager at companies similar to SBI Securities in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Securities ₹2.0 Lakhs to ₹8.0 Lakhs per year
Bajaj Capital ₹2.4 Lakhs to ₹6.0 Lakhs per year
Axis Direct ₹2.4 Lakhs to ₹5.7 Lakhs per year
Cholamandalam Investment & Finance ₹3.0 Lakhs to ₹5.0 Lakhs per year
HDFC Sales ₹1.5 Lakhs to ₹6.0 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 Relationship Manager at SBI Securities in Mumbai?
The salary growth for a Relationship Manager at SBI Securities in Mumbai depends on factors such as experience, performance, and promotions. On average, a Relationship Manager in Mumbai can expect the following growth trajectory at SBI Securities:

Experience Average Salary Range
Fresher ₹2.0 Lakhs to ₹4.5 Lakhs per year
1 year ₹2.0 Lakhs to ₹4.3 Lakhs per year
2 years ₹2.2 Lakhs to ₹4.4 Lakhs per year
3 years ₹2.4 Lakhs to ₹4.4 Lakhs per year
and so on.

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SBI Securities Relationship Manager salary in Mumbai ranges between ₹2 Lakhs to ₹5.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 91 SBI Securities latest salaries received from various employees of SBI Securities.