Sbm Bank Mumbai Relationship Manager Salaries by 4 Employees

7 - 14 years exp.

₹11 Lakhs - ₹14.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

117% more than the average Relationship Manager Salary in Financial Services Companies for 7 - 14 years of experience

Interested in this particular role? 8 job openings

Salaries in different departments

Sales & Business Development Relationship Manager Salary 10 - 14 years exp. (AmbitionBox Estimate)	₹11 L/yr - ₹14.7 L/yr
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BFSI, Investments & Trading Relationship Manager Salary 9 years exp. (AmbitionBox Estimate)	₹9.8 L/yr - ₹12 L/yr

Last Updated: 8 Dec 2024

Companies similar to Sbm Bank for Relationship Manager in Mumbai

Sbm Bank Relationship Manager Salary

7 - 14 years exp. (4 salaries)

₹11 L/yr - ₹14.7 L/yr

Company name	Avg Annual Salary	Open Jobs
IDBI Capital Relationship Manager Salary 0 - 7 years exp. (10 salaries)	₹2.2 L/yr - ₹4.5 L/yr 71% less
ART Housing Finance (India) Relationship Manager Salary 2 - 7 years exp. (7 salaries)	₹3 L/yr - ₹3.8 L/yr 71% less
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Indostar Home Finance Relationship Manager Salary 2 - 7 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 72% less
Choice Equity Broking Relationship Manager Salary 2 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹3.8 L/yr 72% less	2 job openings
Profectus Capital Relationship Manager Salary 1 - 4 years exp. (3 salaries)	₹3.6 L/yr - ₹4 L/yr 66% less

Relationship Manager salary at Sbm Bank ranges between ₹11 Lakhs to ₹14.7 Lakhs per year for employees with experience between 7 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Sbm Bank.

Experience wise Sbm Bank Relationship Manager salaries in Mumbai

Last Updated: 8 Dec 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr
8 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
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9 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.4 L/yr
10 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
11 years (AmbitionBox Estimate)	₹11 L/yr - ₹14.1 L/yr
12 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.5 L/yr
13 years (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr
14 years (AmbitionBox Estimate)	₹11.9 L/yr - ₹15.2 L/yr

View all

Similar Designation salaries in Sbm Bank

Deputy Manager Salary

(20 salaries)

₹5.4 L/yr - ₹12.75 L/yr

Top skills at Sbm Bank for Relationship Manager

Relationship Management Saving Account Third Party Products Current Account HNI Client Handling Retail Liabilities Mutual Funds NRI HNI Acquisition Loan against Property Trade Finance Retail Assets Revenue Generation Secured Loan Retail Marketing

Salary related reviews for Sbm Bank

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

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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Sbm Bank Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Sbm Bank in Mumbai?

The average salary of a Relationship Manager at Sbm Bank in Mumbai typically ranges from ₹11.0 Lakhs to ₹14.7 Lakhs per year, depending on experience (from 7 years to 14 years).

The top 10% of Relationship Manager in Mumbai at Sbm Bank earn more than ₹14.7 Lakhs per year, and the top 1% earn over ₹14.7 Lakhs per year. Relationship 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 4 Sbm Bank employees in India.

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

The estimated take-home salary of a Relationship Manager at Sbm Bank in Mumbai typically ranges from ₹81,748 to ₹83,880 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹14.7 Lakhs per year for employees with experience ranging from 7 years to 14 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 4 salaries received from various employees of Sbm Bank. 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 Sbm Bank in Mumbai?

To be a Relationship Manager at Sbm Bank in Mumbai, the key skills required include:

- Relationship Management
- Saving Account
- Third Party Products
- Current Account
- HNI Client Handling

These skills are highly valued at Sbm Bank and are crucial for successful performance in a Software Engineering role.

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

The salary of a Relationship Manager at companies similar to Sbm Bank in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Profectus Capital	₹3.6 Lakhs to ₹4.0 Lakhs per year
ART Housing Finance (India)	₹3.0 Lakhs to ₹3.8 Lakhs per year
IDBI Capital	₹2.2 Lakhs to ₹4.5 Lakhs per year
Choice Equity Broking	₹2.3 Lakhs to ₹3.8 Lakhs per year
Indostar Home Finance	₹3.0 Lakhs to ₹3.5 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 Sbm Bank in Mumbai?

The salary growth for a Relationship Manager at Sbm Bank 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 Sbm Bank:

Experience	Average Salary Range
7 years	₹9.9 Lakhs to ₹12.6 Lakhs per year
8 years	₹10.2 Lakhs to ₹13.0 Lakhs per year
9 years	₹10.5 Lakhs to ₹13.4 Lakhs per year
10 years	₹10.7 Lakhs to ₹13.7 Lakhs per year

and so on.

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Sbm Bank Relationship Manager Salaries in Mumbai

Sbm Bank Relationship Manager salary in Mumbai ranges between ₹11 Lakhs to ₹14.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Sbm Bank latest salaries received from various employees of Sbm Bank.