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State Bank of India Assistant Manager 1 salaries in India

Annual salary range
1 - 6 years exp.
₹8.1 Lakhs - ₹10 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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98% more than the average Assistant Manager 1 Salary in Banking Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Manager 1 Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹9 L/yr - ₹11 L/yr

Marketing & Communication
Assistant Manager 1 Salary
5 years exp. (AmbitionBox Estimate)
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₹7.8 L/yr - ₹9.5 L/yr

Last Updated: 27 Jan 2024

Companies similar to State Bank of India for Assistant Manager 1

Company name Avg Annual Salary Open Jobs
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ICICI Bank Assistant Manager 1 Salary

1 - 4 years exp. (241 salaries)

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₹2 L/yr - ₹5 L/yr

arrow icon 62% less
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Kotak Mahindra Bank Assistant Manager 1 Salary

0 - 6 years exp. (147 salaries)

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₹2 L/yr - ₹4.5 L/yr

arrow icon 64% less
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HDFC Bank Assistant Manager 1 Salary

1 - 6 years exp. (57 salaries)

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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 61% less
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Axis Bank Assistant Manager 1 Salary

0 - 4 years exp. (38 salaries)

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₹2.5 L/yr - ₹5 L/yr

arrow icon 58% less
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Bandhan Bank Assistant Manager 1 Salary

0 - 6 years exp. (10 salaries)

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₹2.8 L/yr - ₹4.5 L/yr

arrow icon 61% less
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Yes Bank Assistant Manager 1 Salary

2 - 6 years exp. (8 salaries)

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₹3.2 L/yr - ₹4.8 L/yr

arrow icon 52% less
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IDBI Bank Assistant Manager 1 Salary

0 - 7 years exp. (7 salaries)

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₹3.7 L/yr - ₹15 L/yr

arrow icon 2% less
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IDFC FIRST Bank Assistant Manager 1 Salary

2 - 7 years exp. (7 salaries)

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₹3.1 L/yr - ₹5.3 L/yr

arrow icon 53% less
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₹4.6 L/yr - ₹5.5 L/yr

arrow icon 42% less
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Bank of America Assistant Manager 1 Salary

3 - 15 years exp. (5 salaries)

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₹12.2 L/yr - ₹23 L/yr

arrow icon 90% more
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Canara Bank Assistant Manager 1 Salary

5 - 10 years exp. (4 salaries)

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₹9.5 L/yr - ₹13 L/yr

arrow icon 20% more
Assistant Manager 1 salary at State Bank of India ranges between ₹8.1 Lakhs to ₹10 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Assistant Manager 1

1y ago
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1 year exp.
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5 years exp.
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6 years exp.
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5 years exp.

Experience wise State Bank of India Assistant Manager 1 salaries

Last Updated: 27 Jan 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹8.1 L/yr - ₹8.1 L/yr
2 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹9.6 L/yr
3 years (AmbitionBox Estimate)

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₹7.8 L/yr - ₹10 L/yr
4 years (AmbitionBox Estimate)

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₹8.1 L/yr - ₹10.4 L/yr
5 years (AmbitionBox Estimate)

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₹8.6 L/yr - ₹10 L/yr
View all

Similar Designation salaries in State Bank of India

Assistant Manager O&M Salary
(AmbitionBox Estimate)
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₹8.6 L/yr - ₹10.9 L/yr
Assistant Store Manager Salary
(AmbitionBox Estimate)
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₹0.7 L/yr - ₹0.9 L/yr
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₹20 L/yr - ₹75 L/yr
Shift Manager Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
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₹7.55 L/yr - ₹10 L/yr
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₹12 L/yr - ₹20 L/yr
Team Manager Salary
(7 salaries)
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₹9.8 L/yr - ₹15.69 L/yr
Store Manager Salary
(3 salaries)
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₹8.2 L/yr - ₹13.2 L/yr
Branch Manager Salary
(290 salaries)
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₹8 L/yr - ₹31.4 L/yr
Deputy Manager Salary
(627 salaries)
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₹7.2 L/yr - ₹28 L/yr

Salary related reviews for State Bank of India

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.

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Skill development - Bad
  • +3 more

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.

read more
  • 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.

read more
  • Company culture - Poor
  • +1 more

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

read more
  • Work satisfaction - Bad
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 20 Dec 2023

3.0
 for  Salary and Benefits

Likes

Job is secured. We get to serve all kind of customers. Employees get huge exposure in whichever field /segment they are working in, great medical benefit, loans at concessional rate.

read more
  • Job security - Excellent

Dislikes

Age old promotion policy, rigid system, salary is not as per industry standard, lack of proper training, late sitting is rewarded, no facility for working mothers, except for maternity leave, no wfh facility.

read more
  • Skill development - Bad
  • +2 more
see more salary related reviews

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State Bank of India Assistant Manager 1 Salary FAQs

What is the salary of Assistant Manager 1 at State Bank of India ?
The average salary of a Assistant Manager 1 at State Bank of India in India typically ranges from ₹8.1 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Assistant Manager 1 at State Bank of India earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Assistant Manager 1 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 Assistant Manager 1 at State Bank of India in India?
The estimated take-home salary of a Assistant Manager 1 at State Bank of India in India typically ranges from ₹64,751 to ₹66,403 per month. This is based on the average salary range of ₹8.1 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 1 year to 6 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 Assistant Manager 1 in India?
Bank of America ₹12.2 Lakhs to ₹23.0 Lakhs per year
Canara Bank ₹9.5 Lakhs to ₹13.0 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 Assistant Manager 1 in companies similar to State Bank of India in India?
The salary of a Assistant Manager 1 at companies similar to State Bank of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IDBI Bank ₹3.7 Lakhs to ₹15.0 Lakhs per year
AU Small Finance Bank ₹4.6 Lakhs to ₹5.5 Lakhs per year
Yes Bank ₹3.2 Lakhs to ₹4.8 Lakhs per year
IDFC FIRST Bank ₹3.1 Lakhs to ₹5.3 Lakhs per year
Axis Bank ₹2.5 Lakhs to ₹5.0 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 1 at State Bank of India in India?
The salary growth for a Assistant Manager 1 at State Bank of India depends on factors such as experience, performance, and promotions. On average, a Assistant Manager 1 can expect the following growth trajectory at State Bank of India:

Experience Average Salary Range
1 year ₹8.1 Lakhs to ₹8.1 Lakhs per year
2 years ₹7.5 Lakhs to ₹9.6 Lakhs per year
3 years ₹7.8 Lakhs to ₹10.0 Lakhs per year
4 years ₹8.1 Lakhs to ₹10.4 Lakhs per year
and so on.

Tell us how to improve this page.

State Bank of India Assistant Manager 1 salary in India ranges between ₹8.1 Lakhs to ₹10 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 State Bank of India latest salaries received from various employees of State Bank of India.