State Bank of India Associate Manager Salaries by 5 Employees

0 - 8 years exp.

₹7 Lakhs - ₹14 Lakhs

Low Confidence

Salary of majority employees

32% less than the average Associate Manager Salary in Banking Companies for 0 - 8 years of experience

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Last Updated: 6 Mar 2024

Companies similar to State Bank of India for Associate Manager

Company name	Avg Annual Salary	Open Jobs
Standard Chartered Associate Manager Salary 3 - 17 years exp. (2.3k salaries)	₹5.4 L/yr - ₹20 L/yr 10% more
IndusInd Bank Associate Manager Salary 0 - 10 years exp. (1.2k salaries)	₹1.8 L/yr - ₹7 L/yr 61% less
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Deutsche Bank Associate Manager Salary 7 - 14 years exp. (326 salaries)	₹6.1 L/yr - ₹22.7 L/yr 35% more
IDFC FIRST Bank Associate Manager Salary 0 - 5 years exp. (236 salaries)	₹2.4 L/yr - ₹8.1 L/yr 67% less	5 job openings
Kotak Mahindra Bank Associate Manager Salary 1 - 8 years exp. (76 salaries)	₹1.4 L/yr - ₹5 L/yr 70% less
ICICI Bank Associate Manager Salary 0 - 6 years exp. (37 salaries)	₹2.2 L/yr - ₹7.6 L/yr 62% less
HDFC Bank Associate Manager Salary 0 - 11 years exp. (29 salaries)	₹2.5 L/yr - ₹6 L/yr 61% less
Barclays Associate Manager Salary 3 - 16 years exp. (20 salaries)	₹10.3 L/yr - ₹14.7 L/yr 5% more
Yes Bank Associate Manager Salary 0 - 9 years exp. (18 salaries)	₹2.4 L/yr - ₹6.5 L/yr 64% less
Axis Bank Associate Manager Salary 1 - 6 years exp. (15 salaries)	₹2.5 L/yr - ₹5.1 L/yr 63% less
Bandhan Bank Associate Manager Salary 0 - 4 years exp. (7 salaries)	₹3.4 L/yr - ₹5 L/yr 63% less
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AU Small Finance Bank Associate Manager Salary 3 - 6 years exp. (6 salaries)	₹3.4 L/yr - ₹4.5 L/yr 62% less
Bank of America Associate Manager Salary 8 - 11 years exp. (4 salaries)	₹10 L/yr - ₹15.9 L/yr 27% more
IDBI Bank Associate Manager Salary 3 - 8 years exp. (3 salaries)	₹11 L/yr - ₹18 L/yr 36% more
Canara Bank Associate Manager Salary 1 - 11 years exp. (3 salaries)	₹3.3 L/yr - ₹9.8 L/yr 28% less

Associate Manager salary at State Bank of India ranges between ₹7 Lakhs to ₹14 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 5 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Associate Manager salaries

Last Updated: 6 Mar 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹7 L/yr - ₹7 L/yr
1 year (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
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2 years (AmbitionBox Estimate)	₹8 L/yr - ₹10 L/yr
3 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹10 L/yr
4 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹12.1 L/yr
5 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.1 L/yr
6 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.1 L/yr
7 years (AmbitionBox Estimate)	₹11.8 L/yr - ₹15.1 L/yr
8 years (AmbitionBox Estimate)	₹14 L/yr - ₹14 L/yr

View all

From

Associate Manager

₹

Lakhs/yr

0 - 8 years exp.

Vice President

₹

Lakhs/yr

6 - 15 years exp.

Associate Manager 0 - 8 years exp.

Assistant Vice President 2 - 12 years exp.

8% hike

Vice President 6 - 15 years exp.

83% hike

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.

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Salary related reviews for State Bank of India

3.0

Rated by 2 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

Manager in Bhopal

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 03 Oct 2024

1.0

for Salary and Benefits

Likes

Job sercurity

Job security - Excellent

Dislikes

...ent transfers Boring job Spend 30+ years in rural area Work in a different state ( rural area of tgat state) Salary is peanuts Targets ( multiple) Toxic work culture Genrer biased policy Tremendous workload Late sitting 14 hrs a day Holiday working Leaves not sanctioned Eqyal salary for non performere and performers No grooming

Salary - Bad

+5 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

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Shifting from Bangalore to Hyderabad

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State Bank of India Associate Manager Salary FAQs

What is the salary of Associate Manager at State Bank of India ?

The average salary of a Associate Manager at State Bank of India in India typically ranges from ₹7.0 Lakhs to ₹14.0 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Associate Manager at State Bank of India earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Associate 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 5 State Bank of India employees in India.

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

The estimated take-home salary of a Associate Manager at State Bank of India in India typically ranges from ₹75,555 to ₹77,512 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from Fresher to 8 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 5 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 Associate Manager in India?

IDBI Bank	₹11.0 Lakhs to ₹18.0 Lakhs per year
Deutsche Bank	₹6.1 Lakhs to ₹22.7 Lakhs per year
Bank of America	₹10.0 Lakhs to ₹15.9 Lakhs per year
Standard Chartered	₹5.4 Lakhs to ₹20.0 Lakhs per year
Barclays	₹10.3 Lakhs to ₹14.7 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 Associate Manager in companies similar to State Bank of India in India?

The salary of a Associate Manager 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:

Canara Bank	₹3.3 Lakhs to ₹9.8 Lakhs per year
HDFC Bank	₹2.5 Lakhs to ₹6.0 Lakhs per year
IndusInd Bank	₹1.8 Lakhs to ₹7.0 Lakhs per year
ICICI Bank	₹2.2 Lakhs to ₹7.6 Lakhs per year
AU Small Finance Bank	₹3.4 Lakhs to ₹4.5 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 Associate Manager at State Bank of India in India?

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

Experience	Average Salary Range
Fresher	₹7.0 Lakhs to ₹7.0 Lakhs per year
1 year	₹7.1 Lakhs to ₹9.1 Lakhs per year
2 years	₹8.0 Lakhs to ₹10.0 Lakhs per year
3 years	₹3.9 Lakhs to ₹10.0 Lakhs per year

and so on.

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State Bank of India Associate Manager Salaries

State Bank of India Associate Manager salary in India ranges between ₹7 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 State Bank of India latest salaries received from various employees of State Bank of India.