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Sbm Bank Assistant Manager salaries in Mumbai (Updated 2025)

Annual salary range
3 - 15 years exp.
₹4.8 Lakhs - ₹7.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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24% 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)
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₹4.8 L/yr - ₹6.8 L/yr

Finance & Accounting
Assistant Manager Salary
5 - 15 years exp. (3 salaries)
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₹5 L/yr - ₹7 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
5 - 7 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹7.3 L/yr

Product Management
Assistant Manager Salary
10 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹6.5 L/yr

Last Updated: 17 Mar 2025

Companies similar to Sbm Bank for Assistant Manager in Mumbai

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Sbm Bank Assistant Manager Salary

3 - 15 years exp. (21 salaries)

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₹4.8 L/yr - ₹7.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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IDBI Capital Assistant Manager Salary

2 - 14 years exp. (28 salaries)

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₹4.2 L/yr - ₹9 L/yr

arrow icon 4% more
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Reliance Money Assistant Manager Salary

1 - 12 years exp. (27 salaries)

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₹3.7 L/yr - ₹6 L/yr

arrow icon 33% less
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₹3.6 L/yr - ₹8 L/yr

arrow icon 8% less
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Choice Equity Broking Assistant Manager Salary

0 - 13 years exp. (15 salaries)

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₹3.5 L/yr - ₹7 L/yr

arrow icon 33% less
3 job openings
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₹3 L/yr - ₹7.1 L/yr

arrow icon 24% less
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Knowcraft Analytics Assistant Manager Salary

3 - 9 years exp. (7 salaries)

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₹11 L/yr - ₹20 L/yr

arrow icon 162% more
1 job opening
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₹7 L/yr - ₹10 L/yr

arrow icon 46% more
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Profectus Capital Assistant Manager Salary

0 - 6 years exp. (5 salaries)

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₹4.4 L/yr - ₹8 L/yr

arrow icon 26% more
1 job opening
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₹10 L/yr - ₹18 L/yr

arrow icon 123% more
Assistant Manager salary at Sbm Bank ranges between ₹4.8 Lakhs to ₹7.5 Lakhs per year for employees with experience between 3 years to 15 years. Salary estimates are based on 21 latest salaries received from various employees of Sbm Bank.

Latest annual salaries shared by Sbm Bank Assistant Manager in Mumbai

2w ago
₹7.5 Lakhs
4 years exp.
2w ago
₹7 Lakhs
4 years exp.
2w ago
₹7 Lakhs
3 years exp.
2mo ago
₹6.8 Lakhs
5 years exp.
3mo ago
₹7.3 Lakhs
5 years exp.
5mo ago
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15 years exp.
10mo ago
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10 years exp.
1y ago
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9 years exp.
1y ago
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15 years exp.
1y ago
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14 years exp.

Experience wise Sbm Bank Assistant Manager salaries in Mumbai

Last Updated: 17 Mar 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹7.1 L/yr
4 years (AmbitionBox Estimate)

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₹5.6 L/yr - ₹7.1 L/yr
5 years  (4 salaries)

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₹4.8 L/yr - ₹7.3 L/yr
6 years (AmbitionBox Estimate)

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₹5.6 L/yr - ₹7.2 L/yr
7 years (AmbitionBox Estimate)

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₹5.7 L/yr - ₹7.2 L/yr
View all

Similar Designation salaries in Sbm Bank

Deputy Manager Salary
(20 salaries)
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₹5.4 L/yr - ₹12.75 L/yr
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₹11 L/yr - ₹14.69 L/yr
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₹10 L/yr - ₹16 L/yr

Salary related reviews for Sbm Bank

5.0

Rated by 3 employees for salary & benefits

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

read more
  • Salary - Bad
  • +6 more

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

read more
  • 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

read more

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.

read more

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.

read more
  • Salary - Poor
  • +6 more

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

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.

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  • Salary - Bad
  • +6 more
see more salary related reviews

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Sbm Bank Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Sbm Bank in Mumbai?
The average salary of a Assistant Manager at Sbm Bank in Mumbai typically ranges from ₹4.8 Lakhs to ₹7.5 Lakhs per year, depending on experience (from 3 years to 15 years).

The top 10% of Assistant Manager in Mumbai at Sbm Bank earn more than ₹7.1 Lakhs per year, and the top 1% earn over ₹7.5 Lakhs per year. Assistant Manager Salaries at Sbm Bank 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+ Sbm Bank employees in India.
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 in Mumbai typically ranges from ₹48,490 to ₹49,637 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from 3 years to 15 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 Sbm Bank. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Sbm Bank for Assistant Manager in India?
Knowcraft Analytics ₹11.0 Lakhs to ₹20.0 Lakhs per year
Invesco Asset Management ₹10.0 Lakhs to ₹18.0 Lakhs per year
Armstrong International ₹7.0 Lakhs to ₹10.0 Lakhs per year
Profectus Capital ₹4.4 Lakhs to ₹8.0 Lakhs per year
IDBI Capital ₹4.2 Lakhs to ₹9.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Sbm Bank, depending on the role and experience level.
What is the salary of a Assistant Manager in companies similar to Sbm Bank in Mumbai?
The salary of a Assistant Manager at companies similar to Sbm Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

India Ratings & Research ₹3.6 Lakhs to ₹8.0 Lakhs per year
Karvy Financial Services ₹3.0 Lakhs to ₹7.1 Lakhs per year
Reliance Money ₹3.7 Lakhs to ₹6.0 Lakhs per year
Choice Equity Broking ₹3.5 Lakhs to ₹7.0 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 Assistant Manager at Sbm Bank in Mumbai?
The salary growth for a Assistant Manager at Sbm Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Assistant Manager in Mumbai can expect the following growth trajectory at Sbm Bank:

Experience Average Salary Range
3 years ₹5.5 Lakhs to ₹7.1 Lakhs per year
4 years ₹5.6 Lakhs to ₹7.1 Lakhs per year
5 years ₹4.8 Lakhs to ₹7.3 Lakhs per year
6 years ₹5.6 Lakhs to ₹7.2 Lakhs per year
and so on.

Tell us how to improve this page.

Sbm Bank Assistant Manager salary in Mumbai ranges between ₹4.8 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 21 Sbm Bank latest salaries received from various employees of Sbm Bank.