State Bank of India Mumbai Associate Vice President Salaries by 5 Employees (Updated 2025)

2 - 12 years exp.

₹10 Lakhs - ₹19.8 Lakhs

Salary of majority employees

56% less than the average Associate Vice President Salary in Banking Companies for 2 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Vice President Salary 2 - 12 years exp. (3 salaries)	₹10 L/yr - ₹13.3 L/yr
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Finance & Accounting Associate Vice President Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹19.8 L/yr

Last Updated: 14 Nov 2023

Companies similar to State Bank of India for Associate Vice President in Mumbai

State Bank of India Associate Vice President Salary

2 - 12 years exp. (5 salaries)

₹10 L/yr - ₹19.8 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Associate Vice President Salary 7 - 16 years exp. (9 salaries)	₹18 L/yr - ₹35 L/yr 67% more
HDFC Bank Associate Vice President Salary 8 - 21 years exp. (135 salaries)	₹13.5 L/yr - ₹40 L/yr 108% more
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Axis Bank Associate Vice President Salary 7 - 20 years exp. (106 salaries)	₹11.1 L/yr - ₹39 L/yr 93% more
Bank of Baroda Associate Vice President Salary 7 - 14 years exp. (10 salaries)	₹9 L/yr - ₹15.5 L/yr 9% less
Kotak Mahindra Bank Associate Vice President Salary 3 - 21 years exp. (718 salaries)	₹9.7 L/yr - ₹37 L/yr 64% more
IndusInd Bank Associate Vice President Salary 5 - 20 years exp. (129 salaries)	₹9 L/yr - ₹28 L/yr 33% more
Yes Bank Associate Vice President Salary 6 - 15 years exp. (81 salaries)	₹10 L/yr - ₹27.5 L/yr 34% more
Deutsche Bank Associate Vice President Salary 8 - 17 years exp. (67 salaries)	₹15.5 L/yr - ₹45 L/yr 155% more	2 job openings
IDFC FIRST Bank Associate Vice President Salary 8 - 18 years exp. (48 salaries)	₹13.2 L/yr - ₹35 L/yr 85% more
Standard Chartered Associate Vice President Salary 11 - 20 years exp. (17 salaries)	₹22.1 L/yr - ₹50 L/yr 215% more
Bank of America Associate Vice President Salary 12 - 18 years exp. (12 salaries)	₹35 L/yr - ₹48 L/yr 190% more
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Bandhan Bank Associate Vice President Salary 9 - 18 years exp. (11 salaries)	₹13.3 L/yr - ₹36.2 L/yr 77% more
AU Small Finance Bank Associate Vice President Salary 13 - 17 years exp. (7 salaries)	₹16.3 L/yr - ₹30 L/yr 66% more	1 job opening
Shinhan Bank Associate Vice President Salary 11 - 16 years exp. (6 salaries)	₹20 L/yr - ₹30 L/yr 78% more
Reserve Bank of India Associate Vice President Salary 16 - 19 years exp. (3 salaries)	₹40 L/yr - ₹45 L/yr 208% more
Chase Bank Associate Vice President Salary 13 - 15 years exp. (3 salaries)	₹24 L/yr - ₹28 L/yr 97% more

Associate Vice President salary at State Bank of India ranges between ₹10 Lakhs to ₹19.8 Lakhs per year for employees with experience between 2 years to 12 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 Vice President salaries in Mumbai

Last Updated: 14 Nov 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹10 L/yr - ₹23.6 L/yr
3 years (AmbitionBox Estimate)	₹11.9 L/yr - ₹15.2 L/yr
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4 years (AmbitionBox Estimate)	₹11.9 L/yr - ₹15.2 L/yr
5 years (AmbitionBox Estimate)	₹12 L/yr - ₹15.3 L/yr
6 years (AmbitionBox Estimate)	₹12 L/yr - ₹15.4 L/yr
7 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.5 L/yr
8 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹18 L/yr
9 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹19.8 L/yr
10 years (AmbitionBox Estimate)	₹12.3 L/yr - ₹15.7 L/yr
11 years (AmbitionBox Estimate)	₹12 L/yr - ₹24.7 L/yr
12 years (AmbitionBox Estimate)	₹10 L/yr - ₹24.8 L/yr

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(8 salaries)

₹7.5 L/yr - ₹27 L/yr

Software Engineer Salary

(3 salaries)

₹6 L/yr - ₹8.92 L/yr

Salary related reviews for State Bank of India

1.5

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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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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State Bank of India Associate Vice President Salary FAQs

What is the salary of Associate Vice President at State Bank of India Mumbai?

Associate Vice President salary at State Bank of India in Mumbai ranges between ₹10.0 Lakhs to ₹19.8 Lakhs for experience between 2 years to 12 years. According to our estimates it is 56% less than the average Associate Vice President Salary in India. Salary estimates are based on 5 latest salaries received from various employees of State Bank of India Mumbai.

How does the salary of a Associate Vice President at State Bank of India Mumbai compare with the average salary range for this job?

The average salary of a Associate Vice President at State Bank of India is 56% less than the average salary of a Associate Vice President in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than State Bank of India to a Associate Vice President in Mumbai?

Standard Chartered Associate Vice President Salary - ₹22.1 Lakhs to ₹50.0 Lakhs per year
Reserve Bank of India Associate Vice President Salary - ₹40.0 Lakhs to ₹45.0 Lakhs per year
Bank of America Associate Vice President Salary - ₹35.0 Lakhs to ₹48.0 Lakhs per year
Deutsche Bank Associate Vice President Salary - ₹15.5 Lakhs to ₹45.0 Lakhs per year
HDFC Bank Associate Vice President Salary - ₹13.5 Lakhs to ₹40.0 Lakhs per year

What is the salary of a Associate Vice President in companies similar to State Bank of India in Mumbai?

Chase Bank Associate Vice President Salary - ₹24.0 Lakhs to ₹28.0 Lakhs per year
Axis Bank Associate Vice President Salary - ₹11.1 Lakhs to ₹39.0 Lakhs per year
IDFC FIRST Bank Associate Vice President Salary - ₹13.2 Lakhs to ₹35.0 Lakhs per year
Shinhan Bank Associate Vice President Salary - ₹20.0 Lakhs to ₹30.0 Lakhs per year
Bandhan Bank Associate Vice President Salary - ₹13.3 Lakhs to ₹36.2 Lakhs per year

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

The estimated take-home salary of a Associate Vice President at State Bank of India ranges between ₹94,818 per month to ₹97,372 per month in Mumbai. The take-home salary calculation is based on the average State Bank of India Associate Vice President salary in India which ranges between ₹10.0 Lakhs to ₹19.8 Lakhs per year for employees with experience between 2 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Associate Vice President at State Bank of India in Mumbai?

According to AmbitionBox, 67% of the State Bank of India Associate Vice Presidents in Mumbai reported a notice period of 1 Month, 33% reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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State Bank of India Associate Vice President Salaries in Mumbai

State Bank of India Associate Vice President salary in Mumbai ranges between ₹10 Lakhs to ₹19.8 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.