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State Bank of India AVP salaries in Mumbai

Annual salary range
4 - 14 years exp.
₹7 Lakhs - ₹22.3 Lakhs
Salary of majority employees
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50% less than the average AVP Salary in Banking Companies for 4 - 14 years of experience

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Last Updated: 2 Nov 2023

Companies similar to State Bank of India for AVP in Mumbai

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State Bank of India AVP Salary

4 - 14 years exp. (4 salaries)

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₹7 L/yr - ₹22.3 L/yr

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Company name Avg Annual Salary Open Jobs
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Axis Bank AVP Salary

9 - 24 years exp. (178 salaries)

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₹12 L/yr - ₹38 L/yr

arrow icon 71% more
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HDFC Bank AVP Salary

10 - 21 years exp. (152 salaries)

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₹15 L/yr - ₹40 L/yr

arrow icon 79% more
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Deutsche Bank AVP Salary

9 - 19 years exp. (126 salaries)

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₹22.3 L/yr - ₹48 L/yr

arrow icon 123% more
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IndusInd Bank AVP Salary

6 - 19 years exp. (100 salaries)

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₹9.1 L/yr - ₹29 L/yr

arrow icon 17% more
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Yes Bank AVP Salary

6 - 18 years exp. (94 salaries)

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₹11 L/yr - ₹22 L/yr

arrow icon 6% more
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Kotak Mahindra Bank AVP Salary

8 - 19 years exp. (69 salaries)

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₹9.6 L/yr - ₹35 L/yr

arrow icon 36% more
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Barclays AVP Salary

8 - 18 years exp. (57 salaries)

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₹19 L/yr - ₹44 L/yr

arrow icon 117% more
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IDFC FIRST Bank AVP Salary

10 - 20 years exp. (44 salaries)

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₹16 L/yr - ₹35 L/yr

arrow icon 73% more
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Bank of America AVP Salary

11 - 20 years exp. (26 salaries)

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₹21.9 L/yr - ₹59 L/yr

arrow icon 157% more
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Bandhan Bank AVP Salary

11 - 17 years exp. (12 salaries)

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₹18 L/yr - ₹35.5 L/yr

arrow icon 55% more
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AU Small Finance Bank AVP Salary

8 - 17 years exp. (9 salaries)

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₹12.8 L/yr - ₹27 L/yr

arrow icon 31% more
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Shinhan Bank AVP Salary

13 - 15 years exp. (3 salaries)

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₹11.9 L/yr - ₹20 L/yr

arrow icon 3% more
AVP salary at State Bank of India ranges between ₹7 Lakhs to ₹22.3 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India.

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

1y ago
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8 years exp.
1y ago
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10 years exp.

Experience wise State Bank of India AVP salaries in Mumbai

Last Updated: 2 Nov 2023

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹12 L/yr
5 years (AmbitionBox Estimate)

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₹10.2 L/yr - ₹13 L/yr
6 years (AmbitionBox Estimate)

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₹11 L/yr - ₹14 L/yr
7 years (AmbitionBox Estimate)

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₹11.8 L/yr - ₹15.1 L/yr
8 years (AmbitionBox Estimate)

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₹7 L/yr - ₹25.3 L/yr
View all

Similar Designation salaries in State Bank of India

Chief Manager Salary
(108 salaries)
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₹15.97 L/yr - ₹60 L/yr
Deputy Manager Salary
(95 salaries)
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₹7.15 L/yr - ₹28 L/yr
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₹9.8 L/yr - ₹23 L/yr
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₹15.75 L/yr - ₹60 L/yr
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₹1 L/yr - ₹3.1 L/yr
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₹6 L/yr - ₹18 L/yr
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₹1.9 L/yr - ₹3.2 L/yr
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₹1.8 L/yr - ₹4 L/yr

Salary related reviews for State Bank of India

2.0

Rated by 2 employees for salary & benefits

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.

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Skill development - Bad
  • +3 more

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

read more
  • 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

read more
  • Work satisfaction - Bad
  • +2 more

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
  • 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.

read more
  • Company culture - Poor
  • +1 more

Full Time

 · 

Other Department

3.0
  •  posted on 28 Jul 2024

3.0
 for  Salary and Benefits

Likes

Salary and little bit of recognition

  • Job security - Excellent

Dislikes

Bad culture Politics Transfer postings outside Which disturbs your personal life Late working Shortage of staff puts more burden on existing employees Poorest work life balance

read more
  • Work satisfaction - Bad
  • +2 more
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State Bank of India AVP Salary FAQs

What is the salary of AVP at State Bank of India in Mumbai?
The average salary of a AVP at State Bank of India in Mumbai typically ranges from ₹7.0 Lakhs to ₹22.3 Lakhs per year, depending on experience (from 4 years to 14 years).

The top 10% of AVP in Mumbai at State Bank of India earn more than ₹38.0 Lakhs per year, and the top 1% earn over ₹38.0 Lakhs per year. AVP 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 4 State Bank of India employees in India.
What is the estimated take home salary of a AVP at State Bank of India in Mumbai?
The estimated take-home salary of a AVP at State Bank of India in Mumbai typically ranges from ₹1,03,360 to ₹1,06,190 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹22.3 Lakhs per year for employees with experience ranging from 4 years to 14 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 4 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 AVP in India?
Bank of America ₹21.9 Lakhs to ₹59.0 Lakhs per year
Deutsche Bank ₹22.3 Lakhs to ₹48.0 Lakhs per year
Barclays ₹19.0 Lakhs to ₹44.0 Lakhs per year
HDFC Bank ₹15.0 Lakhs to ₹40.0 Lakhs per year
IDFC FIRST Bank ₹16.0 Lakhs to ₹35.0 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 AVP in companies similar to State Bank of India in Mumbai?
The salary of a AVP 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:

Axis Bank ₹12.0 Lakhs to ₹38.0 Lakhs per year
Bandhan Bank ₹18.0 Lakhs to ₹35.5 Lakhs per year
Kotak Mahindra Bank ₹9.6 Lakhs to ₹35.0 Lakhs per year
AU Small Finance Bank ₹12.8 Lakhs to ₹27.0 Lakhs per year
IndusInd Bank ₹9.1 Lakhs to ₹29.0 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 AVP at State Bank of India in Mumbai?
The salary growth for a AVP at State Bank of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a AVP in Mumbai can expect the following growth trajectory at State Bank of India:

Experience Average Salary Range
4 years ₹4.2 Lakhs to ₹12.0 Lakhs per year
5 years ₹10.2 Lakhs to ₹13.0 Lakhs per year
6 years ₹11.0 Lakhs to ₹14.0 Lakhs per year
7 years ₹11.8 Lakhs to ₹15.1 Lakhs per year
and so on.

Tell us how to improve this page.

State Bank of India AVP salary in Mumbai ranges between ₹7 Lakhs to ₹22.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 State Bank of India latest salaries received from various employees of State Bank of India.