Sbm Bank Mumbai Assistant Manager Salaries by 20+ Employees (Updated 2025)

3 - 15 years exp.

₹4.8 Lakhs - ₹8 Lakhs

Salary of majority employees

28% less than the average Assistant Manager Salary in Financial Services Companies for 3 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 5 - 15 years exp. (9 salaries)	₹4.8 L/yr - ₹6.8 L/yr
Finance & Accounting Assistant Manager Salary 5 - 15 years exp. (3 salaries)	₹5 L/yr - ₹7 L/yr
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Customer Success, Service & Operations Assistant Manager Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹7.3 L/yr
Product Management Assistant Manager Salary 10 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6 L/yr

Last Updated: 17 Jan 2025

Companies similar to Sbm Bank for Assistant Manager in Mumbai

Sbm Bank Assistant Manager Salary

3 - 15 years exp. (20 salaries)

₹4.8 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Assistant Manager Salary 0 - 10 years exp. (1.6k salaries)	₹1.8 L/yr - ₹7 L/yr 36% less
ICICI Bank Assistant Manager Salary 0 - 8 years exp. (1.6k salaries)	₹2 L/yr - ₹6 L/yr 32% less
Login to view exact salary
Axis Bank Assistant Manager Salary 0 - 9 years exp. (2.5k salaries)	₹1.8 L/yr - ₹6 L/yr 31% less	2 job openings
Kotak Mahindra Bank Assistant Manager Salary 0 - 9 years exp. (3.5k salaries)	₹1 L/yr - ₹5 L/yr 42% less
State Bank of India Assistant Manager Salary 0 - 13 years exp. (75 salaries)	₹6.5 L/yr - ₹20 L/yr 129% more
IndusInd Bank Assistant Manager Salary 0 - 10 years exp. (580 salaries)	₹1.5 L/yr - ₹6.2 L/yr 36% less	1 job opening
Yes Bank Assistant Manager Salary 0 - 10 years exp. (851 salaries)	₹2.4 L/yr - ₹6.5 L/yr 25% less	1 job opening
Federal Bank Assistant Manager Salary 0 - 8 years exp. (102 salaries)	₹7 L/yr - ₹18.5 L/yr 113% more
IDFC FIRST Bank Assistant Manager Salary 0 - 11 years exp. (543 salaries)	₹2.3 L/yr - ₹6.6 L/yr 19% less
RBL Bank Assistant Manager Salary 0 - 10 years exp. (505 salaries)	₹2 L/yr - ₹7 L/yr 31% less
IDBI Capital Assistant Manager Salary 2 - 14 years exp. (27 salaries)	₹4.2 L/yr - ₹9 L/yr 9% more
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Reliance Money Assistant Manager Salary 1 - 12 years exp. (26 salaries)	₹3.7 L/yr - ₹5.5 L/yr 31% less
India Ratings & Research Assistant Manager Salary 2 - 10 years exp. (19 salaries)	₹3.6 L/yr - ₹8 L/yr 3% less
Karvy Financial Services Assistant Manager Salary 2 - 13 years exp. (12 salaries)	₹3 L/yr - ₹7.1 L/yr 11% less
Armstrong International Assistant Manager Salary 5 - 8 years exp. (5 salaries)	₹7 L/yr - ₹10 L/yr 54% more
Profectus Capital Assistant Manager Salary 0 - 6 years exp. (5 salaries)	₹4.4 L/yr - ₹8 L/yr 33% more	1 job opening
Invesco Asset Management Assistant Manager Salary 6 - 8 years exp. (4 salaries)	₹10 L/yr - ₹18 L/yr 135% more

Assistant Manager salary at Sbm Bank ranges between ₹4.8 Lakhs to ₹8 Lakhs per year for employees with experience between 3 years to 15 years. Salary estimates are based on 20 latest salaries received from various employees of Sbm Bank.

Experience wise Sbm Bank Assistant Manager salaries in Mumbai

Last Updated: 17 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.6 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹8 L/yr
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5 years (4 salaries)	₹4.8 L/yr - ₹7.3 L/yr
6 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
7 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.8 L/yr
8 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.8 L/yr
9 years (3 salaries)	₹5 L/yr - ₹6.9 L/yr
10 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.9 L/yr
11 years (AmbitionBox Estimate)	₹5 L/yr - ₹10.9 L/yr
12 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
13 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
14 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.4 L/yr
15+ years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7 L/yr

View all

Similar Designation salaries in Sbm Bank

Deputy Manager Salary

(20 salaries)

₹5.4 L/yr - ₹12.75 L/yr

Relationship Manager Salary

(4 salaries)

₹11 L/yr - ₹14.69 L/yr

Operations Manager Salary

(3 salaries)

₹10 L/yr - ₹16 L/yr

Salary related reviews for Sbm Bank

5.0

Rated by 3 employees for salary & benefits

Relationship Manager in Ahmedabad

Full Time

Sales & Business Development Department

1.0

• posted on 06 Jun 2024

1.0

for Salary and Benefits

Likes

There is nothing to like about this bank. Bank has horrible working environment and there is no hr.

Dislikes

Sbm bank has negative image in the market, also not having products and services to cater the client base. Culture is horrible. I seen senior people enjoying revenue from fixed customer who was associated to the bank in bank's earlier time. No new business generating, highly paid seniors are looting the bank. Bank has no vision so very soon u will get some news abt the bank. Obviously not positive

Salary - Bad

+6 more

Country Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 09 Nov 2023

5.0

for Salary and Benefits

Likes

Super bosses Neeraj and Nitin. Freedom to work and travel Free to do experiments to get good results Here you can apply your skills and experience freely

Salary - Excellent

+5 more

Dislikes

Support function. People are old in system and they don’t want to work. Sales team is good at very product but here credit people are not good they just want rest

Deputy Manager in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 20 May 2023

2.0

for Salary and Benefits

Likes

You can enjoy only if you have your supervisor support and lazy people also can easily survive. but don't expect any hike, promotion and incentives.

Dislikes

The incentive structure is worst being in sales, operations job is good as comparatively. You won't get any appreciation and lazy management to action when it comes to employee's problem.

Salary - Poor

+6 more

Senior Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 19 Apr 2022

1.0

for Salary and Benefits

Likes

Pathetic culture is worst across industry superior support is worst they show u picture but things are way different

Dislikes

Pathetic No work life balance hell place to work superior are least supportive no leaves

Salary - Bad

+6 more

Manager in Navi Mumbai

Operations Department

1.0

• posted on 12 Oct 2021

1.0

for Salary and Benefits

Likes

Cannot just even think of one.

Dislikes

The employees at Senior level are highly insure in their jobs. Management is poor. Bank is 100% dependent on vendors for work.Being WOS(wholly owned subsidiary) the Bank is just enjoying the capital from State Bank of Mauritius. Neither they have any self identity nor they want to build one. If you are Career minded, this is a warning signal for you because you will end up screwing your career if you join. HR is absolutely useless and arrogant with no moral values.

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Sbm Bank Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Sbm Bank Mumbai?

Assistant Manager salary at Sbm Bank in Mumbai ranges between ₹4.8 Lakhs to ₹8.0 Lakhs for experience between 3 years to 15 years. According to our estimates it is 28% less than the average Assistant Manager Salary in India. Salary estimates are based on 20 latest salaries received from various employees of Sbm Bank Mumbai.

How does the salary of a Assistant Manager at Sbm Bank Mumbai compare with the average salary range for this job?

The average salary of a Assistant Manager at Sbm Bank is 28% less than the average salary of a Assistant Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Sbm Bank to a Assistant Manager in Mumbai?

Invesco Asset Management Assistant Manager Salary - ₹10.0 Lakhs to ₹18.0 Lakhs per year
State Bank of India Assistant Manager Salary - ₹6.5 Lakhs to ₹20.0 Lakhs per year
Federal Bank Assistant Manager Salary - ₹7.0 Lakhs to ₹18.5 Lakhs per year
Armstrong International Assistant Manager Salary - ₹7.0 Lakhs to ₹10.0 Lakhs per year
Profectus Capital Assistant Manager Salary - ₹4.4 Lakhs to ₹8.0 Lakhs per year

What is the salary of a Assistant Manager in companies similar to Sbm Bank in Mumbai?

IDBI Capital Assistant Manager Salary - ₹4.2 Lakhs to ₹9.0 Lakhs per year
India Ratings & Research Assistant Manager Salary - ₹3.6 Lakhs to ₹8.0 Lakhs per year
Karvy Financial Services Assistant Manager Salary - ₹3.0 Lakhs to ₹7.1 Lakhs per year
IDFC FIRST Bank Assistant Manager Salary - ₹2.3 Lakhs to ₹6.6 Lakhs per year
Yes Bank Assistant Manager Salary - ₹2.4 Lakhs to ₹6.5 Lakhs per year

What is the estimated take home salary of a Assistant Manager at Sbm Bank in Mumbai?

The estimated take-home salary of a Assistant Manager at Sbm Bank ranges between ₹45,775 per month to ₹46,861 per month in Mumbai. The take-home salary calculation is based on the average Sbm Bank Assistant Manager salary in India which ranges between ₹4.8 Lakhs to ₹8.0 Lakhs per year for employees with experience between 3 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Assistant Manager at Sbm Bank in Mumbai?

According to AmbitionBox, 50% of the Sbm Bank Assistant Managers in Mumbai reported a notice period of 3 Months, 33% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

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Sbm Bank Assistant Manager Salaries in Mumbai

Sbm Bank Assistant Manager salary in Mumbai ranges between ₹4.8 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 Sbm Bank latest salaries received from various employees of Sbm Bank.