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Sbm Bank Manager salaries in Mumbai (Updated 2025)

Annual salary range
4 - 15 years exp.
₹8 Lakhs - ₹19.5 Lakhs
Salary of majority employees
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Fixed (90%)
₹11.7 Lakhs
Variable (10%)
₹1.3 Lakh
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21% less than the average Manager Salary in Financial Services Companies for 4 - 15 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Manager Salary
6 - 15 years exp. (4 salaries)
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₹10 L/yr - ₹14 L/yr

Risk Management & Compliance
Manager Salary
4 - 8 years exp. (4 salaries)
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₹12.2 L/yr - ₹19.5 L/yr

Customer Success, Service & Operations
Manager Salary
11 - 14 years exp. (3 salaries)
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₹8 L/yr - ₹12.5 L/yr

Finance & Accounting
Manager Salary
5 - 9 years exp. (3 salaries)
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₹8.5 L/yr - ₹17 L/yr

Sales & Business Development
Manager Salary
7 - 8 years exp. (AmbitionBox Estimate)
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₹12 L/yr - ₹15.5 L/yr

View all

Last Updated: 28 Feb 2025

Companies similar to Sbm Bank for Manager in Mumbai

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Sbm Bank Manager Salary

4 - 15 years exp. (20 salaries)

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₹8 L/yr - ₹19.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Bank Manager Salary

0 - 18 years exp. (3.3k salaries)

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₹5.2 L/yr - ₹17.5 L/yr

arrow icon 22% less
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ICICI Bank Manager Salary

0 - 18 years exp. (1.6k salaries)

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₹6 L/yr - ₹22.4 L/yr

arrow icon 3% less
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Axis Bank Manager Salary

0 - 18 years exp. (1.7k salaries)

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₹5.5 L/yr - ₹15 L/yr

arrow icon 21% less
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Kotak Mahindra Bank Manager Salary

0 - 16 years exp. (1.9k salaries)

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₹4 L/yr - ₹13 L/yr

arrow icon 35% less
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State Bank of India Manager Salary

6 - 15 years exp. (95 salaries)

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₹12 L/yr - ₹40 L/yr

arrow icon 89% more
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IndusInd Bank Manager Salary

0 - 17 years exp. (624 salaries)

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₹3.4 L/yr - ₹12 L/yr

arrow icon 41% less
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Yes Bank Manager Salary

0 - 17 years exp. (895 salaries)

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₹4 L/yr - ₹16 L/yr

arrow icon 31% less
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Federal Bank Manager Salary

3 - 13 years exp. (57 salaries)

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₹9 L/yr - ₹23 L/yr

arrow icon 33% more
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IDFC FIRST Bank Manager Salary

1 - 14 years exp. (491 salaries)

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₹3.7 L/yr - ₹13.1 L/yr

arrow icon 32% less
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RBL Bank Manager Salary

1 - 15 years exp. (290 salaries)

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₹4.3 L/yr - ₹15.7 L/yr

arrow icon 31% less
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IDBI Capital Manager Salary

4 - 22 years exp. (19 salaries)

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₹8 L/yr - ₹20 L/yr

arrow icon 9% less
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India Ratings & Research Manager Salary

4 - 12 years exp. (11 salaries)

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₹6 L/yr - ₹17.2 L/yr

arrow icon 26% less
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Invesco Asset Management Manager Salary

7 - 15 years exp. (10 salaries)

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₹7.6 L/yr - ₹13.4 L/yr

arrow icon 29% less
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Reliance Money Manager Salary

2 - 20 years exp. (7 salaries)

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₹6.6 L/yr - ₹10.8 L/yr

arrow icon 31% less
Manager salary at Sbm Bank ranges between ₹8 Lakhs to ₹19.5 Lakhs per year for employees with experience between 4 years to 15 years. Salary estimates are based on 20 latest salaries received from various employees of Sbm Bank.

Latest annual salaries shared by Sbm Bank Manager in Mumbai

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11 years exp.
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14 years exp.

Experience wise Sbm Bank Manager salaries in Mumbai

Last Updated: 28 Feb 2025

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹12.2 L/yr - ₹25.7 L/yr
5 years  (3 salaries)

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₹10 L/yr - ₹17 L/yr
6 years  (3 salaries)

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₹12 L/yr - ₹17 L/yr
7 years  (3 salaries)

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₹5.4 L/yr - ₹19.5 L/yr
8 years (AmbitionBox Estimate)

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₹5.3 L/yr - ₹17.5 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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₹19 L/yr - ₹36.8 L/yr
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₹16.5 L/yr - ₹20.5 L/yr

Salary related reviews for Sbm Bank

3.7

Rated by 4 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

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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.

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  • 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.

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

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Sbm Bank Manager Salary FAQs

What is the salary of Manager at Sbm Bank in Mumbai?
The average salary of a Manager at Sbm Bank in Mumbai typically ranges from ₹8.0 Lakhs to ₹19.5 Lakhs per year, depending on experience (from 4 years to 15 years).

The top 10% of Manager in Mumbai at Sbm Bank earn more than ₹17.5 Lakhs per year, and the top 1% earn over ₹19.5 Lakhs per year. 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 Manager at Sbm Bank in Mumbai?
The estimated take-home salary of a Manager at Sbm Bank in Mumbai typically ranges from ₹91,681 to ₹94,134 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹19.5 Lakhs per year for employees with experience ranging from 4 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 Manager in India?
State Bank of India ₹12.0 Lakhs to ₹40.0 Lakhs per year
Federal Bank ₹9.0 Lakhs to ₹23.0 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 Manager in companies similar to Sbm Bank in Mumbai?
The salary of a Manager at companies similar to Sbm Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank ₹6.0 Lakhs to ₹22.4 Lakhs per year
IDBI Capital ₹8.0 Lakhs to ₹20.0 Lakhs per year
Axis Bank ₹5.5 Lakhs to ₹15.0 Lakhs per year
HDFC Bank ₹5.2 Lakhs to ₹17.5 Lakhs per year
India Ratings & Research ₹6.0 Lakhs to ₹17.2 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 Sbm Bank in Mumbai?
The salary growth for a Manager at Sbm Bank in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager in Mumbai can expect the following growth trajectory at Sbm Bank:

Experience Average Salary Range
4 years ₹12.2 Lakhs to ₹25.7 Lakhs per year
5 years ₹10.0 Lakhs to ₹17.0 Lakhs per year
6 years ₹12.0 Lakhs to ₹17.0 Lakhs per year
7 years ₹5.4 Lakhs to ₹19.5 Lakhs per year
and so on.

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Sbm Bank Manager salary in Mumbai ranges between ₹8 Lakhs to ₹19.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 20 Sbm Bank latest salaries received from various employees of Sbm Bank.