Shinhan Bank Mumbai Manager Salaries by 10+ Employees (Updated 2025)

4 - 9 years exp.

₹7 Lakhs - ₹15 Lakhs

Salary of majority employees

33% less than the average Manager Salary in Banking Companies for 4 - 9 years of experience

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Salaries in different departments

Finance & Accounting Manager Salary 5 - 9 years exp. (3 salaries)	₹9.7 L/yr - ₹15 L/yr
Sales & Business Development Manager Salary 5 - 8 years exp. (3 salaries)	₹7 L/yr - ₹11.1 L/yr
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Product Management Manager Salary 4 - 6 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹11.6 L/yr

Last Updated: 2 Feb 2025

Companies similar to Shinhan Bank for Manager in Mumbai

Shinhan Bank Manager Salary

4 - 9 years exp. (13 salaries)

₹7 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager Salary 0 - 18 years exp. (3.3k salaries)	₹5.2 L/yr - ₹17.5 L/yr 8% less
Kotak Mahindra Bank Manager Salary 0 - 16 years exp. (1.9k salaries)	₹4 L/yr - ₹13 L/yr 27% less
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Axis Bank Manager Salary 0 - 18 years exp. (1.7k salaries)	₹5.5 L/yr - ₹17.2 L/yr 7% less
ICICI Bank Manager Salary 0 - 18 years exp. (1.6k salaries)	₹6 L/yr - ₹22.4 L/yr 14% more
Yes Bank Manager Salary 0 - 17 years exp. (897 salaries)	₹4.3 L/yr - ₹16 L/yr 18% less
IndusInd Bank Manager Salary 0 - 16 years exp. (622 salaries)	₹3.4 L/yr - ₹12 L/yr 30% less
IDFC FIRST Bank Manager Salary 1 - 14 years exp. (489 salaries)	₹3.7 L/yr - ₹13 L/yr 21% less
RBL Bank Manager Salary 1 - 15 years exp. (298 salaries)	₹4.3 L/yr - ₹15.7 L/yr 18% less
IDBI Bank Manager Salary 6 - 17 years exp. (183 salaries)	₹9.2 L/yr - ₹29 L/yr 76% more
The Saraswat Co-operative Bank Manager Salary 5 - 17 years exp. (94 salaries)	₹6 L/yr - ₹18.7 L/yr 1% more
Canara Bank Manager Salary 4 - 14 years exp. (59 salaries)	₹8.5 L/yr - ₹25 L/yr 52% more
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Federal Bank Manager Salary 3 - 12 years exp. (56 salaries)	₹9 L/yr - ₹23 L/yr 56% more
Union Bank of India Manager Salary 5 - 13 years exp. (54 salaries)	₹7 L/yr - ₹24 L/yr 33% more
Bandhan Bank Manager Salary 4 - 14 years exp. (34 salaries)	₹5.9 L/yr - ₹12 L/yr 21% less
South Indian Bank Manager Salary 6 - 13 years exp. (25 salaries)	₹9 L/yr - ₹25 L/yr 58% more
Utkarsh Small Finance Bank Manager Salary 6 - 16 years exp. (22 salaries)	₹6.3 L/yr - ₹17 L/yr 9% less
Jana Small Finance Bank Manager Salary 4 - 12 years exp. (20 salaries)	₹3.9 L/yr - ₹10 L/yr 38% less
Karur Vysya Bank Manager Salary 6 - 14 years exp. (20 salaries)	₹7 L/yr - ₹20.4 L/yr 32% more
Karnataka Bank Manager Salary 6 - 13 years exp. (11 salaries)	₹10 L/yr - ₹20 L/yr 32% more
Central Bank of India Manager Salary 5 - 8 years exp. (8 salaries)	₹9 L/yr - ₹18 L/yr 21% more

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Manager salary at Shinhan Bank ranges between ₹7 Lakhs to ₹15 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 13 latest salaries received from various employees of Shinhan Bank.

Experience wise Shinhan Bank Manager salaries in Mumbai

Last Updated: 2 Feb 2025

Experience	Avg Annual Salary
4 years (3 salaries)	₹7.5 L/yr - ₹11 L/yr
5 years (AmbitionBox Estimate)	₹7 L/yr - ₹19.3 L/yr
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6 years (4 salaries)	₹7.5 L/yr - ₹12 L/yr
7 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹19.8 L/yr
8 years (AmbitionBox Estimate)	₹10 L/yr - ₹20 L/yr
9 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹15 L/yr

View all

Similar Designation salaries in Shinhan Bank

Assistant Vice President Salary

(15 salaries)

₹12.05 L/yr - ₹25 L/yr

Deputy Manager Salary

(8 salaries)

₹4.8 L/yr - ₹15 L/yr

Credit Manager Salary

(4 salaries)

₹8.5 L/yr - ₹12 L/yr

Salary related reviews for Shinhan Bank

4.0

Rated by 2 employees for salary & benefits

Operations Officer in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 12 Aug 2023

2.0

for Salary and Benefits

Likes

Korean staff are polite and always try to help their Indian staff

Work-life balance - Good

Dislikes

Most of the seniors are chilling and taking a huge amount of salary whereas juniors are doing lots of work and not getting any recognition

Salary - Poor

+2 more

Vice President-Relationship Manager in Chennai

Full Time

Marketing & Communication Department

4.0

• posted on 03 Oct 2024

3.0

for Salary and Benefits

Likes

Working environment..

Skill development - Good

+3 more

Dislikes

At the time of promotion- salary Revision was not good for above M1 level.. Suggestion Grade wise salary was differ, if possible make the grade wise same salary to the employees it's better for shinhan family .

Assistant Manager Information Technology in Mumbai

Full Time

IT & Information Security Department

4.0

• posted on 09 May 2024

3.0

for Salary and Benefits

Likes

... and have unity. Some staff ate there who don't need to support the Korean boss. To increase salary and promotion.

Skill development - Good

+2 more

Dislikes

Korean staff do not treat Indian staff well. They treat us like maids. The HR department also supports Korean people to protect their jobs. In fact, the government has implemented laws to regulate the treatment of foreign individuals who come to India for their enjoyment and to prevent mistreatment of Indian people.

Assistant Manager in New Delhi

Full Time

Other Department

4.0

• posted on 15 Oct 2024

3.0

for Salary and Benefits

Likes

No issues for taking leaves, Bosses are very cooperative and understanding here. One can easily finish their work and leave the office on time, So work and personal can be managed.

Job security - Good

+3 more

Dislikes

Systems are not employees friendly. Working process is almost manual based. Not a good place for learning as they have Very less products of banking.

Manager in New Delhi

Full Time

Sales & Business Development Department

4.0

• posted on 22 Aug 2024

5.0

for Salary and Benefits

Likes

Work culture is good and staff is well mannered and professional.

Salary - Excellent

+3 more

Dislikes

Employee Connectivity with Korean Managers is terrible only few person is allowed to meet them, also they are not flexible with statement.

Job security - Bad

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Shinhan Bank Manager Salary FAQs

What is the salary of Manager at Shinhan Bank in Mumbai?

The average salary of a Manager at Shinhan Bank in Mumbai typically ranges from ₹7.0 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 4 years to 9 years).

The top 10% of Manager in Mumbai at Shinhan Bank earn more than ₹12.6 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Manager Salaries at Shinhan 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 10+ Shinhan Bank employees in India.

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

The estimated take-home salary of a Manager at Shinhan Bank in Mumbai typically ranges from ₹79,008 to ₹81,062 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 4 years to 9 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 10+ salaries received from various employees of Shinhan Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Shinhan Bank for Manager in India?

Emirates NBD	₹14.8 Lakhs to ₹40.0 Lakhs per year
IDBI Bank	₹9.2 Lakhs to ₹29.0 Lakhs per year
Paytm Payments Bank	₹10.0 Lakhs to ₹26.0 Lakhs per year
South Indian Bank	₹9.0 Lakhs to ₹25.0 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 Shinhan Bank, depending on the role and experience level.

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

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

Canara Bank	₹8.5 Lakhs to ₹25.0 Lakhs per year
Union Bank of India	₹7.0 Lakhs to ₹24.0 Lakhs per year
Karur Vysya Bank	₹7.0 Lakhs to ₹20.4 Lakhs per year
Karnataka Bank	₹10.0 Lakhs to ₹20.0 Lakhs per year
HSBC Global Banking and Markets	₹11.0 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 Shinhan Bank in Mumbai?

The salary growth for a Manager at Shinhan 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 Shinhan Bank:

Experience	Average Salary Range
4 years	₹7.5 Lakhs to ₹11.0 Lakhs per year
5 years	₹7.0 Lakhs to ₹19.3 Lakhs per year
6 years	₹7.5 Lakhs to ₹12.0 Lakhs per year
7 years	₹7.4 Lakhs to ₹19.8 Lakhs per year

and so on.

Tell us how to improve this page.

Shinhan Bank Manager salary in Mumbai ranges between ₹7 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Shinhan Bank latest salaries received from various employees of Shinhan Bank.