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State Bank of India Associate salaries in Mumbai

Annual salary range
1 - 6 years exp.
₹3 Lakhs - ₹8.6 Lakhs
Salary of majority employees
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12% less than the average Associate Salary in Banking Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Associate Salary
2 - 5 years exp. (6 salaries)
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₹6 L/yr - ₹8.6 L/yr

Customer Success, Service & Operations
Associate Salary
1 - 5 years exp. (3 salaries)
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₹4.8 L/yr - ₹7.4 L/yr

Research & Development
Associate Salary
3 - 5 years exp. (3 salaries)
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₹4.2 L/yr - ₹7.3 L/yr

Engineering - Software & QA
Associate Salary
2 - 5 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹7.3 L/yr

Finance & Accounting
Associate Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹7.3 L/yr

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Last Updated: 6 Dec 2024

Companies similar to State Bank of India for Associate in Mumbai

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State Bank of India Associate Salary

1 - 6 years exp. (26 salaries)

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₹3 L/yr - ₹8.6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Bank Associate Salary

0 - 6 years exp. (20 salaries)

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₹1.9 L/yr - ₹6 L/yr

arrow icon 57% less
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ICICI Bank Associate Salary

0 - 6 years exp. (26 salaries)

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₹1.1 L/yr - ₹4.1 L/yr

arrow icon 61% less
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Axis Bank Associate Salary

0 - 7 years exp. (15 salaries)

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₹2.1 L/yr - ₹5 L/yr

arrow icon 46% less
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Kotak Mahindra Bank Associate Salary

0 - 7 years exp. (344 salaries)

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₹1.2 L/yr - ₹4.2 L/yr

arrow icon 63% less
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Yes Bank Associate Salary

1 - 8 years exp. (8 salaries)

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₹2.5 L/yr - ₹4.9 L/yr

arrow icon 48% less
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IDFC FIRST Bank Associate Salary

0 - 6 years exp. (306 salaries)

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₹1.6 L/yr - ₹4.5 L/yr

arrow icon 56% less
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IndusInd Bank Associate Salary

1 - 8 years exp. (9 salaries)

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₹1.7 L/yr - ₹3 L/yr

arrow icon 58% less
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Federal Bank Associate Salary

1 - 4 years exp. (9 salaries)

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₹5 L/yr - ₹8 L/yr

arrow icon 7% less
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Deutsche Bank Associate Salary

2 - 15 years exp. (993 salaries)

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₹9.5 L/yr - ₹34 L/yr

arrow icon 194% more
19 job openings
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Bank of America Associate Salary

1 - 11 years exp. (62 salaries)

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₹7.5 L/yr - ₹35.9 L/yr

arrow icon 216% more
2 job openings
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Standard Chartered Associate Salary

1 - 13 years exp. (53 salaries)

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₹7.5 L/yr - ₹33 L/yr

arrow icon 170% more
6 job openings
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Barclays Associate Salary

2 - 8 years exp. (12 salaries)

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₹7.2 L/yr - ₹23 L/yr

arrow icon 148% more
Associate salary at State Bank of India ranges between ₹3 Lakhs to ₹8.6 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 26 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Associate in Mumbai

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Experience wise State Bank of India Associate salaries in Mumbai

Last Updated: 6 Dec 2024

Experience Avg Annual Salary
1 year  (3 salaries)

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₹4.8 L/yr - ₹11.3 L/yr
2 years  (6 salaries)

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₹4 L/yr - ₹8.6 L/yr
3 years  (3 salaries)

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₹4.2 L/yr - ₹12 L/yr
4 years  (6 salaries)

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₹3 L/yr - ₹8.5 L/yr
5 years  (5 salaries)

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₹5.5 L/yr - ₹8.5 L/yr
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Similar Designation salaries in State Bank of India

Chief Manager Salary
(112 salaries)
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₹16.14 L/yr - ₹50 L/yr
Deputy Manager Salary
(94 salaries)
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₹7.14 L/yr - ₹27 L/yr
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₹9 L/yr - ₹19.9 L/yr
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₹19 L/yr - ₹60 L/yr
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₹6 L/yr - ₹18 L/yr
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₹3 L/yr - ₹5.28 L/yr
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₹1 L/yr - ₹2.64 L/yr
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₹1.9 L/yr - ₹3.2 L/yr

Salary related reviews for State Bank of India

3.0

Rated by 4 employees for salary & benefits

Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 25 Sep 2022

4.0
 for  Salary and Benefits

Likes

SBI is India's premier public sector Bank giving competition to private players like HDFC and Axis. It was an honor to be associated with such a reputed institution. The job security is great. Customer interfacing, communication skills, on the spot dynamic thinking, on the go technical learning and adaptability to any situation -these are what i learnt from my work as a clerical staff.

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Dislikes

...mma, between not taking promotion and remaining stagnant in same role for years. The pay is decent, there are concessions on loans, medical facilities etc but the salary revision happens only once in 5/6 years after numerous union strikes. Passing JAIIB, CAIIB exams, Annual increment and promotion are the only way you can increase your income. Rest is at the mercy of IBA settlement.

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BFSI, Investments & Trading Department

1.0
  •  posted on 30 May 2022

5.0
 for  Salary and Benefits

Likes

That it provides ample learning opportunities. Has salary and perks.

Dislikes

Worklife balance is close to zero. Managers have little time to spent with family after work. Associates are discouraged from taking leaves even during time of urgency. Dearth of employees.

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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

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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

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Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 03 Oct 2024

1.0
 for  Salary and Benefits

Likes

Job sercurity

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

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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

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
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State Bank of India Associate Salary FAQs

What is the salary of Associate at State Bank of India Mumbai?
Associate salary at State Bank of India in Mumbai ranges between ₹3.0 Lakhs to ₹8.6 Lakhs for experience between 1 years to 6 years. According to our estimates it is 12% less than the average Associate Salary in India. Salary estimates are based on 26 latest salaries received from various employees of State Bank of India Mumbai.
How does the salary of a Associate at State Bank of India Mumbai compare with the average salary range for this job?
The average salary of a Associate at State Bank of India is 12% less than the average salary of a Associate in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than State Bank of India to a Associate in Mumbai?
  • Bank of America Associate Salary - ₹7.5 Lakhs to ₹35.9 Lakhs per year
  • Deutsche Bank Associate Salary - ₹9.5 Lakhs to ₹34.0 Lakhs per year
  • Standard Chartered Associate Salary - ₹7.5 Lakhs to ₹33.0 Lakhs per year
  • Barclays Associate Salary - ₹7.2 Lakhs to ₹23.0 Lakhs per year
What is the salary of a Associate in companies similar to State Bank of India in Mumbai?
  • Federal Bank Associate Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
  • Axis Bank Associate Salary - ₹2.1 Lakhs to ₹5.0 Lakhs per year
  • Yes Bank Associate Salary - ₹2.5 Lakhs to ₹4.9 Lakhs per year
  • IDFC FIRST Bank Associate Salary - ₹1.6 Lakhs to ₹4.5 Lakhs per year
  • HDFC Bank Associate Salary - ₹1.9 Lakhs to ₹6.0 Lakhs per year
What is the estimated take home salary of a Associate at State Bank of India in Mumbai?
The estimated take-home salary of a Associate at State Bank of India ranges between ₹52,580 per month to ₹53,818 per month in Mumbai. The take-home salary calculation is based on the average State Bank of India Associate salary in India which ranges between ₹3.0 Lakhs to ₹8.6 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?
What is the notice period for Associate at State Bank of India in Mumbai?
According to AmbitionBox, 86% of the State Bank of India Associates in Mumbai reported a notice period of 1 Month, 7% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

State Bank of India Associate salary in Mumbai ranges between ₹3 Lakhs to ₹8.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 26 State Bank of India latest salaries received from various employees of State Bank of India.