State Bank of India Mumbai AGM Salaries by 4 Employees

27 - 31 years exp.

₹16 Lakhs - ₹25 Lakhs

Salary of majority employees

18% less than the average AGM Salary in Banking Companies for 27 - 31 years of experience

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Salaries in different departments

Customer Success, Service & Operations AGM Salary 31 years exp. (AmbitionBox Estimate)	₹19.4 L/yr - ₹25 L/yr
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BFSI, Investments & Trading AGM Salary 27 years exp. (AmbitionBox Estimate)	₹16 L/yr - ₹22.2 L/yr

Last Updated: 23 Jun 2023

Companies similar to State Bank of India for AGM in Mumbai

State Bank of India AGM Salary

27 - 31 years exp. (4 salaries)

₹16 L/yr - ₹25 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank AGM Salary 15 - 26 years exp. (16 salaries)	₹32 L/yr - ₹70 L/yr 168% more
HDFC Bank AGM Salary 13 - 20 years exp. (5 salaries)	₹32 L/yr - ₹70 L/yr 118% more
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IDBI Bank AGM Salary 12 - 19 years exp. (22 salaries)	₹16 L/yr - ₹31 L/yr 21% more
Vodafone Idea AGM Salary 9 - 18 years exp. (39 salaries)	₹10.8 L/yr - ₹28 L/yr 9% less
JSW Steel AGM Salary 14 - 29 years exp. (26 salaries)	₹21 L/yr - ₹33.9 L/yr 30% more

AGM salary at State Bank of India ranges between ₹16 Lakhs to ₹25 Lakhs per year for employees with experience between 27 years to 31 years. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India AGM salaries in Mumbai

Last Updated: 23 Jun 2023

Experience	Avg Annual Salary
15+ years (4 salaries)	₹16 L/yr - ₹25 L/yr
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Salary related reviews for State Bank of India

4.0

Rated by 1 employees for salary & benefits

Deputy Manager in Bokaro

Full Time

Finance & Accounting Department

1.0

• posted on 19 Jan 2025

1.0

for Salary and Benefits

Likes

Fixed salary

Job security - Excellent

Dislikes

Horrible work culture. Too much internal politics. People who don't work re appraised well and people who work hard are appraised badly, and have to bear lots of criticism. Seniors don't have any idea about the reality of ground level and force unethical practices for personal gains. People who oppose this are publically humiliated and instructed to resign. Seniors have no working knowledge of how the softwares work, and if some do do, then they refused to share their knowledge with others. It is the worst workplace I have ever worked in. I would not wish this kind of working environment to my worst enemy.

Salary - Bad

+5 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

2.0

• posted on 15 Nov 2024

4.0

for Salary and Benefits

Likes

Nothing to like really. You just get stuck in doing monotonous job

Salary - Good

+1 more

Dislikes

...erable. Asking to not come on a public holiday leads to targetting by your boss. No compensation for working on holidays. One has to work for 10-12 hours Monday to Saturday. You are asked to do work outside bank guidelines and no risk allowance/security assurance is given.

Skill development - Bad

+3 more

Field Officer in Amravati

Full Time

Other Department

3.0

• posted on 20 Oct 2024

5.0

for Salary and Benefits

Likes

Working at SBI is great satisfaction which comes with job security and Salary and other benefits. working in diffrent roles gives knowledge in overall banking sector

Salary - Excellent

+2 more

Dislikes

There is no work life balance . Lot of work pressure and no sympathy towards staff. Frequent transfers to diffrent locations and high pressure of achieving targets

Work satisfaction - Bad

+2 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 18 Sep 2024

4.0

for Salary and Benefits

Likes

It is a reputed organisation and the largest public sector bank in India. The salary and perks are better as compared to other PSBs. There is job security.

Salary - Good

+2 more

Dislikes

Long sitting hours, lot of workload, seniors threatening to transfer/change posting, stress and pressure of completing targets, working on weekends and holidays. Huge customer base means a lot of customer dealing.

Company culture - Poor

+1 more

Deputy Manager in New Delhi

Full Time

Other Department

3.0

• posted on 28 Jul 2024

3.0

for Salary and Benefits

Likes

Salary and little bit of recognition

Job security - Excellent

Dislikes

Bad culture Politics Transfer postings outside Which disturbs your personal life Late working Shortage of staff puts more burden on existing employees Poorest work life balance

Work satisfaction - Bad

+2 more

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a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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State Bank of India AGM Salary FAQs

What is the salary of AGM at State Bank of India in Mumbai?

The average salary of a AGM at State Bank of India in Mumbai typically ranges from ₹16.0 Lakhs to ₹25.0 Lakhs per year, depending on experience (from 27 years to 31 years).

The top 10% of AGM in Mumbai at State Bank of India earn more than ₹25.0 Lakhs per year, and the top 1% earn over ₹25.0 Lakhs per year. AGM Salaries at State Bank of India 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 State Bank of India employees in India.

What is the estimated take home salary of a AGM at State Bank of India in Mumbai?

The estimated take-home salary of a AGM at State Bank of India in Mumbai typically ranges from ₹1,36,552 to ₹1,41,590 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹25.0 Lakhs per year for employees with experience ranging from 27 years to 31 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 State Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than State Bank of India for AGM in India?

ICICI Bank	₹32.0 Lakhs to ₹70.0 Lakhs per year
HDFC Bank	₹32.0 Lakhs to ₹70.0 Lakhs per year
JSW Steel	₹21.0 Lakhs to ₹33.9 Lakhs per year
IDBI Bank	₹16.0 Lakhs to ₹31.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by State Bank of India, depending on the role and experience level.

What is the salary of a AGM in companies similar to State Bank of India in Mumbai?

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

Vodafone Idea

₹10.8 Lakhs to ₹28.0 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 AGM at State Bank of India in Mumbai?

The salary growth for a AGM at State Bank of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a AGM in Mumbai can expect the following growth trajectory at State Bank of India:

Experience	Average Salary Range
15 years	₹16.0 Lakhs to ₹25.0 Lakhs per year

and so on.

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State Bank of India AGM Salaries in Mumbai

State Bank of India AGM salary in Mumbai ranges between ₹16 Lakhs to ₹25 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 State Bank of India latest salaries received from various employees of State Bank of India.