SBI Securities Mumbai Relationship Manager Salaries by 90+ Employees (Updated 2025)

0 - 8 years exp.

₹2 Lakhs - ₹5.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

31% 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)	₹2 L/yr - ₹5 L/yr
Finance & Accounting Relationship Manager Salary 0 - 5 years exp. (19 salaries)	₹2 L/yr - ₹4 L/yr
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Customer Success, Service & Operations Relationship Manager Salary 1 - 8 years exp. (10 salaries)	₹2.5 L/yr - ₹5.2 L/yr
Sales & Business Development Relationship Manager Salary 0 - 8 years exp. (7 salaries)	₹2.1 L/yr - ₹4.5 L/yr

Last Updated: 4 Apr 2025

Companies similar to SBI Securities for Relationship Manager in Mumbai

SBI Securities Relationship Manager Salary

0 - 8 years exp. (92 salaries)

₹2 L/yr - ₹5.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Sales Relationship Manager Salary 0 - 10 years exp. (111 salaries)	₹1.5 L/yr - ₹6 L/yr 6% less	1 job opening
ICICI Securities Relationship Manager Salary 0 - 6 years exp. (59 salaries)	₹2 L/yr - ₹8 L/yr 28% more
Login to view exact salary
American Express Relationship Manager Salary 1 - 10 years exp. (56 salaries)	₹3 L/yr - ₹12.5 L/yr 112% more
Bajaj Capital Relationship Manager Salary 0 - 8 years exp. (49 salaries)	₹2.4 L/yr - ₹6 L/yr 24% more	16 job openings
Citicorp Relationship Manager Salary 4 - 10 years exp. (41 salaries)	₹4.9 L/yr - ₹18.5 L/yr 235% more
Kotak Securities Relationship Manager Salary 0 - 8 years exp. (30 salaries)	₹1.6 L/yr - ₹4.5 L/yr 6% less	2 job openings
Motilal Oswal Relationship Manager Salary 0 - 8 years exp. (16 salaries)	₹1.7 L/yr - ₹4.5 L/yr 24% less
Axis Direct Relationship Manager Salary 0 - 9 years exp. (15 salaries)	₹2.4 L/yr - ₹5.7 L/yr 17% more
Cholamandalam Investment & Finance Relationship Manager Salary 2 - 6 years exp. (6 salaries)	₹3 L/yr - ₹5 L/yr 1% less	1 job opening
HSBC Group Relationship Manager Salary 1 - 10 years exp. (6 salaries)	₹4.5 L/yr - ₹9 L/yr 65% more	1 job opening
Marsh McLennan Relationship Manager Salary 3 - 4 years exp. (4 salaries)	₹8 L/yr - ₹11 L/yr 176% more
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BNP Paribas Relationship Manager Salary 3 - 8 years exp. (4 salaries)	₹11 L/yr - ₹43 L/yr 569% 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 92 latest salaries received from various employees of SBI Securities.

Latest annual salaries shared by SBI Securities Relationship Manager in Mumbai

6d ago

₹3 Lakhs

5 months exp.

6d ago

₹3.8 Lakhs

2 years exp.

2w ago

₹3.5 Lakhs

2 years exp.

1mo ago

₹5 Lakhs

6 years exp.

1mo ago

₹2.5 Lakhs

2 years exp.

1mo ago

5 months exp.

1mo ago

2 years exp.

1mo ago

5 months exp.

1mo ago

2 years exp.

2mo ago

4 years exp.

Experience wise SBI Securities Relationship Manager salaries in Mumbai

Last Updated: 4 Apr 2025

Experience	Avg Annual Salary
Fresher (17 salaries)	₹2 L/yr - ₹4.5 L/yr
1 year (19 salaries)	₹2 L/yr - ₹4.3 L/yr
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2 years (10 salaries)	₹2.2 L/yr - ₹4.4 L/yr
3 years (12 salaries)	₹2.4 L/yr - ₹4.4 L/yr
4 years (15 salaries)	₹2.3 L/yr - ₹4.2 L/yr
5 years (10 salaries)	₹2.5 L/yr - ₹5 L/yr
6 years (3 salaries)	₹3.7 L/yr - ₹5.2 L/yr
7 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
8 years (4 salaries)	₹3 L/yr - ₹4.8 L/yr

View all

Similar Designation salaries in SBI Securities

Relationship Officer Salary

(89 salaries)

₹1.3 L/yr - ₹3.5 L/yr

Deputy Manager Salary

(40 salaries)

₹5.09 L/yr - ₹15.7 L/yr

Sales Manager Salary

(23 salaries)

₹3.15 L/yr - ₹6.75 L/yr

Branch Manager Salary

(4 salaries)

₹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

3.0

Rated by 10 employees for salary & benefits

Relationship Manager in Kota

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.

Relationship Manager in Krishnagar

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 .

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.

Promotions - Poor

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

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

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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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 ₹26,865 to ₹28,275 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
Kotak Securities	₹1.6 Lakhs to ₹4.5 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 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 Salaries in Mumbai

SBI Securities Relationship Manager salary in Mumbai ranges between ₹2 Lakhs to ₹5.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 92 SBI Securities latest salaries received from various employees of SBI Securities.

SBI Securities Relationship Manager salaries in Mumbai (Updated 2025)

Companies similar to SBI Securities for Relationship Manager in Mumbai

Latest annual salaries shared by SBI Securities Relationship Manager in Mumbai

Experience wise SBI Securities Relationship Manager salaries in Mumbai

Similar Designation salaries in SBI Securities

Top skills at SBI Securities for Relationship Manager

Salary related reviews for SBI Securities

Relationship Manager in Kota

Relationship Manager in Krishnagar

Relationship Officer in Hathras

Relationship Officer in Shimla

Relationship Officer in Jaipur

SBI Securities Relationship Manager Salary FAQs

Tell us how to improve this page.