State Bank of India Mumbai Assistant Manager Salaries by 70+ Employees (Updated 2025)

0 - 12 years exp.

₹5.2 Lakhs - ₹18 Lakhs

Avg. annual salary

Monthly In-hand Salary

54% more than the average Assistant Manager Salary in Banking Companies for 0 - 12 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 0 - 10 years exp. (19 salaries)	₹6.5 L/yr - ₹18 L/yr
Finance & Accounting Assistant Manager Salary 3 - 12 years exp. (10 salaries)	₹5.2 L/yr - ₹13.5 L/yr
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IT & Information Security Assistant Manager Salary 5 - 10 years exp. (9 salaries)	₹11 L/yr - ₹18 L/yr
Customer Success, Service & Operations Assistant Manager Salary 0 - 6 years exp. (6 salaries)	₹8.5 L/yr - ₹16 L/yr
Engineering - Software & QA Assistant Manager Salary 3 - 6 years exp. (4 salaries)	₹12 L/yr - ₹16 L/yr

View all

Last Updated: 2 Apr 2025

Companies similar to State Bank of India for Assistant Manager in Mumbai

State Bank of India Assistant Manager Salary

0 - 12 years exp. (78 salaries)

₹5.2 L/yr - ₹18 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindra Bank Assistant Manager Salary 0 - 10 years exp. (3.5k salaries)	₹1.5 L/yr - ₹5 L/yr 73% less
Axis Bank Assistant Manager Salary 0 - 10 years exp. (2.5k salaries)	₹1.8 L/yr - ₹6 L/yr 68% less	1 job opening
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ICICI Bank Assistant Manager Salary 0 - 8 years exp. (1.6k salaries)	₹2 L/yr - ₹6 L/yr 68% less
HDFC Bank Assistant Manager Salary 0 - 10 years exp. (1.6k salaries)	₹1.8 L/yr - ₹7 L/yr 70% less
Yes Bank Assistant Manager Salary 0 - 10 years exp. (837 salaries)	₹2.4 L/yr - ₹6.6 L/yr 65% less	1 job opening
IndusInd Bank Assistant Manager Salary 0 - 10 years exp. (575 salaries)	₹1.5 L/yr - ₹6.2 L/yr 70% less
IDFC FIRST Bank Assistant Manager Salary 0 - 12 years exp. (554 salaries)	₹2.3 L/yr - ₹6.6 L/yr 62% less
IDBI Bank Assistant Manager Salary 0 - 12 years exp. (182 salaries)	₹6 L/yr - ₹17.5 L/yr 1% more
AU Small Finance Bank Assistant Manager Salary 0 - 12 years exp. (181 salaries)	₹2.6 L/yr - ₹7 L/yr 62% less
Bank of America Assistant Manager Salary 2 - 18 years exp. (165 salaries)	₹8 L/yr - ₹24.5 L/yr 38% more	6 job openings

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Assistant Manager salary at State Bank of India ranges between ₹5.2 Lakhs to ₹18 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 78 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Assistant Manager in Mumbai

1w ago

₹16 Lakhs

9 years exp.

4w ago

₹11 Lakhs

4 years exp.

1mo ago

₹18 Lakhs

5 years exp.

2mo ago

₹18 Lakhs

9 years exp.

2mo ago

₹6 Lakhs

7 years exp.

2mo ago

6 years exp.

2mo ago

5 years exp.

3mo ago

8 years exp.

3mo ago

3 years exp.

3mo ago

8 years exp.

Experience wise State Bank of India Assistant Manager salaries in Mumbai

Last Updated: 2 Apr 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹6.5 L/yr - ₹16 L/yr
1 year (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr
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2 years (8 salaries)	₹7 L/yr - ₹16 L/yr
3 years (6 salaries)	₹8.5 L/yr - ₹16 L/yr
4 years (9 salaries)	₹8 L/yr - ₹15 L/yr
5 years (14 salaries)	₹5.2 L/yr - ₹18 L/yr
6 years (7 salaries)	₹5.3 L/yr - ₹16 L/yr
7 years (5 salaries)	₹6 L/yr - ₹18 L/yr
8 years (10 salaries)	₹6.5 L/yr - ₹17 L/yr
9 years (8 salaries)	₹10 L/yr - ₹18 L/yr
10 years (5 salaries)	₹6.5 L/yr - ₹17 L/yr
11 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr
12 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr

View all

From

Assistant Manager

₹

Lakhs/yr

0 - 12 years exp.

Regional Manager

₹

Lakhs/yr

12 - 26 years exp.

Assistant Manager

0 - 12 years exp.

Deputy Manager

4 - 15 years exp.

39% hike

Manager

6 - 16 years exp.

32% hike

From

View 6 more levels

Assistant Manager

0 - 12 years exp.

General Manager, Audit

Salary unavailable

From

View 5 more levels

Assistant Manager

0 - 12 years exp.

New Business Manager

Salary unavailable

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in State Bank of India

Deputy Manager Salary

(95 salaries)

₹7.15 L/yr - ₹28 L/yr

Branch Manager Salary

(35 salaries)

₹12 L/yr - ₹37 L/yr

Top skills at State Bank of India for Assistant Manager

Java PLSQL Linux Integration Testing Kubernetes

Salary related reviews for State Bank of India

3.6

Rated by 18 employees for salary & benefits

Assistant Manager in Mumbai

BFSI, Investments & Trading Department

1.0

• posted on 27 Feb 2019

2.0

for Salary and Benefits

Likes

Only benefit is that you have confirmed job but no work life balance,No self respect.I would like to say that if it is the last option then only you should opt this.

Job security - Excellent

Dislikes

Work Life balance.Very difficult to take leave.Salary is very less

Salary - Poor

+5 more

Assistant Manager in Singapore

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 22 Nov 2023

4.0

for Salary and Benefits

Likes

...t department with different designation. I work in front end and back end also. It is having Job security and good salary and perks.

Salary - Good

+4 more

Dislikes

Its transfer policies which affect both family and work. Work life balance is not happening. Choosing of department is not in our hand it decided by upper authorities so sometime whatever is our base knowledge is not used.

Assistant Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 21 Oct 2023

2.0

for Salary and Benefits

Likes

...you want to be a banker, than SBI is better than it's other peers, PSUs and pvt. banks in terms of salary and allowances.

Job security - Good

Dislikes

No work life balance of Officers Lot of Ego clash with seniors and posts having authority in LHO Or AO. Using frequent transfers to difficult postings as a weapon against the employee by the controllers. Officers life are degrading day by day so much that clericals don't even want to get promoted even if they are completely eligible as well as capable to become officer.

Salary - Poor

+4 more

Assistant Manager in Pune

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 23 Jul 2023

4.0

for Salary and Benefits

Likes

The job has good salary. If you join as PO you will get fast promotions.

Salary - Good

+1 more

Dislikes

...may even get posted at villages where even basic amenities are not even present. Mang time you’ll be asked to work on holidays Saturday sunday and they will not pay you anything for working on holidays. Laste sitting culture you’ll be working 10 to 9 7 days a week. Pressure for cross selling is very bad and also you will not get a single penny for it. Only top management get incentive/commission so we only do cross selling to earn commission for top management. If you don’t achieve cross selling targets you’ll be treated very bad they’ll even use foul language for you on video meetings.

Skill development - Poor

+3 more

Assistant Manager in Adilabad

Full Time

Sales & Business Development Department

1.0

• posted on 28 May 2023

2.0

for Salary and Benefits

Likes

Feels like degraded and pathetic work culture.

Dislikes

...s working in RBO, AO or LHO dont even treat staff working in branches as humans. Where branch staff are the reason for salary they are getting.

Salary - Poor

+6 more

see more salary related reviews

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Top trending discussions

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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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State Bank of India Assistant Manager Salary FAQs

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

The average salary of a Assistant Manager at State Bank of India in Mumbai typically ranges from ₹5.2 Lakhs to ₹18.0 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Assistant Manager in Mumbai at State Bank of India earn more than ₹16.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Assistant Manager 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 70+ State Bank of India employees in India.

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

The estimated take-home salary of a Assistant Manager at State Bank of India in Mumbai typically ranges from ₹90,781 to ₹93,169 per month. This is based on the average salary range of ₹5.2 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from Fresher to 12 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 70+ salaries received from various employees of State Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Assistant Manager at State Bank of India in Mumbai?

To be a Assistant Manager at State Bank of India in Mumbai, the key skills required include:

- Java
- PLSQL
- Linux
- Integration Testing
- Kubernetes

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

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

Reserve Bank of India	₹9.0 Lakhs to ₹35.0 Lakhs per year
Bank of America	₹8.0 Lakhs to ₹24.5 Lakhs per year
Barclays	₹7.5 Lakhs to ₹24.0 Lakhs per year
IDBI Bank	₹6.0 Lakhs to ₹17.5 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 in companies similar to State Bank of India in Mumbai?

The salary of a Assistant Manager 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:

Bank of Baroda	₹6.0 Lakhs to ₹19.5 Lakhs per year
Bank of India	₹8.0 Lakhs to ₹14.5 Lakhs per year
Canara Bank	₹5.0 Lakhs to ₹21.0 Lakhs per year
Indian Overseas Bank	₹8.0 Lakhs to ₹18.0 Lakhs per year
Union Bank of India	₹5.0 Lakhs to ₹14.0 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 at State Bank of India in Mumbai?

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

Experience	Average Salary Range
Fresher	₹6.5 Lakhs to ₹16.0 Lakhs per year
1 year	₹11.6 Lakhs to ₹14.8 Lakhs per year
2 years	₹7.0 Lakhs to ₹16.0 Lakhs per year
3 years	₹8.5 Lakhs to ₹16.0 Lakhs per year

and so on.

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State Bank of India Assistant Manager Salaries in Mumbai

State Bank of India Assistant Manager salary in Mumbai ranges between ₹5.2 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 78 State Bank of India latest salaries received from various employees of State Bank of India.

State Bank of India Assistant Manager salaries in Mumbai (Updated 2025)

Companies similar to State Bank of India for Assistant Manager in Mumbai

Latest annual salaries shared by State Bank of India Assistant Manager in Mumbai

Experience wise State Bank of India Assistant Manager salaries in Mumbai

Similar Designation salaries in State Bank of India

Top skills at State Bank of India for Assistant Manager

Salary related reviews for State Bank of India

Assistant Manager in Mumbai

Assistant Manager in Singapore

Assistant Manager in Kolkata

Assistant Manager in Pune

Assistant Manager in Adilabad

State Bank of India Assistant Manager Salary FAQs

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