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State Bank of India Associate salaries in Mumbai (Updated 2025)

Annual salary range
1 - 5 years exp.
₹4.4 Lakhs - ₹9.9 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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Associate Salary at State Bank of India ranges between ₹4.4 Lakhs to ₹9.9 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 22 latest salaries received... Read more

11% less than the average Associate Salary in Banking Companies for 1 - 5 years of experience

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Last Updated: 13 Jun 2025

Companies similar to State Bank of India for Associate in Mumbai

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State Bank of India Associate Salary

1 - 5 years exp. (22 salaries)

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₹4.4 L/yr - ₹9.9 L/yr

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

2 - 15 years exp. (1.1k salaries)

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₹16 L/yr - ₹25.8 L/yr

arrow icon 178% more
33 job openings
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Kotak Mahindra Bank Associate Salary

0 - 7 years exp. (354 salaries)

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₹1.5 L/yr - ₹4.2 L/yr

arrow icon 65% less
1 job opening
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IDFC FIRST Bank Associate Salary

0 - 8 years exp. (296 salaries)

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₹1.8 L/yr - ₹4.9 L/yr

arrow icon 57% less
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Standard Chartered Associate Salary

2 - 15 years exp. (56 salaries)

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₹14.1 L/yr - ₹24.7 L/yr

arrow icon 172% more
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Bank of America Associate Salary

2 - 12 years exp. (62 salaries)

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₹10.5 L/yr - ₹43.3 L/yr

arrow icon 265% more
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ICICI Bank Associate Salary

0 - 7 years exp. (31 salaries)

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₹1.8 L/yr - ₹4.1 L/yr

arrow icon 60% less
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HDFC Bank Associate Salary

0 - 5 years exp. (22 salaries)

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₹1.9 L/yr - ₹4.4 L/yr

arrow icon 59% less
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Barclays Associate Salary

1 - 8 years exp. (17 salaries)

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₹17 L/yr - ₹31.7 L/yr

arrow icon 208% more
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Axis Bank Associate Salary

0 - 8 years exp. (17 salaries)

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₹2.1 L/yr - ₹5 L/yr

arrow icon 50% less
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Yes Bank Associate Salary

1 - 8 years exp. (10 salaries)

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₹2.5 L/yr - ₹4.9 L/yr

arrow icon 47% less
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IndusInd Bank Associate Salary

2 - 6 years exp. (5 salaries)

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₹1.4 L/yr - ₹3.5 L/yr

arrow icon 62% less
1 job opening
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Chase Bank Associate Salary

14 - 17 years exp. (3 salaries)

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₹23.5 L/yr - ₹25 L/yr

arrow icon 226% more
State Bank of India Associate Salary and Career Growth

From

To

Associate

unlock blur Lakhs/yr

1 - 5 years exp.

Regional Manager

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15 - 31 years exp.

Associate

1 - 5 years exp.
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Assistant Manager

0 - 11 years exp.
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arrow icon 99% hike

Deputy Manager

4 - 15 years exp.
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arrow icon 35% hike

From

To

Associate

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1 - 5 years exp.

General Manager, Audit

Salary unavailable

From

To

Associate

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1 - 5 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.

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

1mo ago
₹8 Lakhs
3 years exp.
2mo ago
₹9.9 Lakhs
3 years exp.
7mo ago
₹8.6 Lakhs
2 years exp.

State Bank of India Associate salaries by

Years of experience Avg. annual salary
1 year  (3 salaries)

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₹4.8 L/yr - ₹9.9 L/yr
2 years  (5 salaries)

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₹4.4 L/yr - ₹8.6 L/yr
3 years  (4 salaries)

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₹6 L/yr - ₹9.9 L/yr
4 years  (6 salaries)

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₹5 L/yr - ₹8.5 L/yr
5 years  (4 salaries)

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₹6 L/yr - ₹8.5 L/yr

Similar Designation Salaries at State Bank of India

Similar Designation Avg. annual salary
Chief Manager Salary
(113 salaries)
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₹17.5 L/yr - ₹60 L/yr

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₹7.4 L/yr - ₹28 L/yr

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₹9.8 L/yr - ₹20 L/yr

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₹19.2 L/yr - ₹65 L/yr

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₹6.4 L/yr - ₹20.4 L/yr

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₹1.8 L/yr - ₹4 L/yr

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₹3 L/yr - ₹4.3 L/yr

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₹1.9 L/yr - ₹3.2 L/yr

View more similar designations

What people are saying about State Bank of India

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a data analyst
3d
SBI NFO
Have you guys heard about new Sbi NFO ? I've started my Sip kyuki isme return bht accha aane wala hai, its Sbi 100 nifty fund How many of you jisne aaj tak investment shuru hi nahi ki? Please FDs wale log dur rahe
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Salary related reviews for State Bank of India

3.0

Rated by 5 employees for salary & benefits

Full Time

 · 

Finance & Accounting Department

4.0
  •  updated 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.

read more
  • Salary - Good
  • +2 more

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.

read more

BFSI, Investments & Trading Department

1.0
  •  updated on 30 May 2022

5.0
 for  Salary and Benefits

Likes

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

  • Salary - Excellent
  • +3 more

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.

read more
  • Work satisfaction - Bad
  • +2 more

Full Time

 · 

Finance & Accounting Department

4.0
  •  updated on 20 Mar 2025

4.0
 for  Salary and Benefits

Likes

...ly banker to every Indian. One gain experience in handling all kind of customer. Good Salary package compared to any other banking and financial institutions. Respect and status is incomparable. Tough but worth for career oriented candidates.

read more
  • Salary - Good
  • +4 more

Dislikes

Challenges before a women employee and men is not the same in our society. Not every family support working women. To spread their wings and fulfill their dreams they faces many many hurdles. We cannot have rigid and common transfer policy for everyone. I have seen many women employee resigning due to this reason including me. Having work life balance is difficult for officer particularly.

read more
  • Work-life balance - Bad

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  updated on 12 Mar 2025

2.0
 for  Salary and Benefits

Likes

Job security,low interest rate for loans ,medical facilities ,leave facility and perks

  • Job security - Good

Dislikes

No work life balance Excess workload Not sufficient salary according to work we do Long working hours without any overtime No resolution of grievances .you just have to work and work to complete the work Shortage of staff.

read more
  • Salary - Poor
  • +5 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  updated on 07 Mar 2025

4.0
 for  Salary and Benefits

Likes

Work with top bank in sbi Minimum stress but good culture but may be some managers are not good Salary is good for fresher Work in core banking like kcc and government scheme Enjoy lunch time 😀

read more
  • Salary - Good
  • +5 more

Dislikes

It is a field job which you are required to travel to Village or may be door to door services No promotion is there it is the third party job But due to working in the loan department you can work with private bank after getting experience.

read more
  • Promotions - Poor
see more salary related reviews

State Bank of India Associate Salary FAQs

What is the salary of Associate at State Bank of India in Mumbai?
The average salary of a Associate at State Bank of India in Mumbai typically ranges from ₹4.4 Lakhs to ₹9.9 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Associate in Mumbai at State Bank of India earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹9.9 Lakhs per year. Associate 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 20+ State Bank of India employees in India.
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 in Mumbai typically ranges from ₹54,829 to ₹56,199 per month. This is based on the average salary range of ₹4.4 Lakhs to ₹9.9 Lakhs per year for employees with experience ranging from 1 year to 5 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 20+ 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 in India?
Bank of America ₹10.5 Lakhs to ₹43.3 Lakhs per year
Chase Bank ₹23.5 Lakhs to ₹25.0 Lakhs per year
Barclays ₹17.0 Lakhs to ₹31.7 Lakhs per year
Deutsche Bank ₹16.0 Lakhs to ₹25.8 Lakhs per year
Standard Chartered ₹14.1 Lakhs to ₹24.7 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 in companies similar to State Bank of India in Mumbai?
The salary of a Associate 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:

Yes Bank ₹2.5 Lakhs to ₹4.9 Lakhs per year
Axis Bank ₹2.1 Lakhs to ₹5.0 Lakhs per year
IDFC FIRST Bank ₹1.8 Lakhs to ₹4.9 Lakhs per year
HDFC Bank ₹1.9 Lakhs to ₹4.4 Lakhs per year
ICICI Bank ₹1.8 Lakhs to ₹4.1 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 at State Bank of India in Mumbai?
The salary growth for a Associate at State Bank of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a Associate in Mumbai can expect the following growth trajectory at State Bank of India:

Experience Average Salary Range
1 year ₹4.8 Lakhs to ₹9.9 Lakhs per year
2 years ₹4.4 Lakhs to ₹8.6 Lakhs per year
3 years ₹6.0 Lakhs to ₹9.9 Lakhs per year
4 years ₹5.0 Lakhs to ₹8.5 Lakhs per year
and so on.

Tell us how to improve this page.

State Bank of India Associate salary in Mumbai ranges between ₹4.4 Lakhs to ₹9.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 22 State Bank of India latest salaries received from various employees of State Bank of India.