State Bank of India Mumbai Business Analyst Salaries by 7 Employees (Updated 2025)

4 - 11 years exp.

₹6 Lakhs - ₹25 Lakhs

Salary of majority employees

43% more than the average Business Analyst Salary in Banking Companies for 4 - 11 years of experience

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Salaries in different departments

Data Science & Analytics Business Analyst Salary 8 - 9 years exp. (3 salaries)	₹14.8 L/yr - ₹25 L/yr
BFSI, Investments & Trading Business Analyst Salary 11 years exp. (AmbitionBox Estimate)	₹13.1 L/yr - ₹20 L/yr
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IT & Information Security Business Analyst Salary 4 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹16.1 L/yr
Project & Program Management Business Analyst Salary 5 years exp. (AmbitionBox Estimate)	₹14 L/yr - ₹18.7 L/yr

Last Updated: 12 Dec 2024

Companies similar to State Bank of India for Business Analyst in Mumbai

State Bank of India Business Analyst Salary

4 - 11 years exp. (7 salaries)

₹6 L/yr - ₹25 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Business Analyst Salary 0 - 13 years exp. (333 salaries)	₹4.7 L/yr - ₹20 L/yr 23% less	3 job openings
ICICI Bank Business Analyst Salary 0 - 12 years exp. (140 salaries)	₹4.1 L/yr - ₹16 L/yr 37% less	1 job opening
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Axis Bank Business Analyst Salary 1 - 10 years exp. (244 salaries)	₹4.5 L/yr - ₹18.8 L/yr 27% less
Kotak Mahindra Bank Business Analyst Salary 1 - 10 years exp. (147 salaries)	₹4.5 L/yr - ₹19 L/yr 25% less
Yes Bank Business Analyst Salary 1 - 10 years exp. (36 salaries)	₹3.3 L/yr - ₹12.9 L/yr 46% less
IDFC FIRST Bank Business Analyst Salary 1 - 9 years exp. (81 salaries)	₹6 L/yr - ₹24.4 L/yr 1% more
IndusInd Bank Business Analyst Salary 2 - 10 years exp. (29 salaries)	₹4 L/yr - ₹14.5 L/yr 36% less	1 job opening
RBL Bank Business Analyst Salary 1 - 8 years exp. (36 salaries)	₹3.6 L/yr - ₹14.2 L/yr 40% less
Deutsche Bank Business Analyst Salary 1 - 15 years exp. (23 salaries)	₹6.9 L/yr - ₹24 L/yr 5% less
Bank of America Business Analyst Salary 3 - 12 years exp. (20 salaries)	₹9 L/yr - ₹27.5 L/yr 9% more
Standard Chartered Business Analyst Salary 3 - 10 years exp. (10 salaries)	₹7 L/yr - ₹19 L/yr 6% more
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Bank of Baroda Business Analyst Salary 5 - 10 years exp. (5 salaries)	₹7 L/yr - ₹20 L/yr 4% less

Business Analyst salary at State Bank of India ranges between ₹6 Lakhs to ₹25 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 7 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Business Analyst salaries in Mumbai

Last Updated: 12 Dec 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹6 L/yr - ₹22.4 L/yr
5 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹14 L/yr
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6 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
7 years (AmbitionBox Estimate)	₹13.3 L/yr - ₹17 L/yr
8 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹28 L/yr
9 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹25 L/yr
10 years (AmbitionBox Estimate)	₹15.4 L/yr - ₹19.6 L/yr
11 years (AmbitionBox Estimate)	₹15.1 L/yr - ₹20 L/yr

View all

Similar Designation salaries in State Bank of India

Product Manager Salary

(14 salaries)

₹11 L/yr - ₹27 L/yr

Project Manager Salary

(8 salaries)

₹7.5 L/yr - ₹27 L/yr

Research Analyst Salary

(5 salaries)

₹10 L/yr - ₹14.52 L/yr

Top skills at State Bank of India for Business Analyst

Business Analysis Requirements Management Swot Analysis Banking Market Analysis SQL

Salary related reviews for State Bank of India

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

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.

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.

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.

Deputy Manager in New Delhi

Full Time

Other Department

3.0

• posted on 28 Jul 2024

3.0

for Salary and Benefits

Likes

Salary and little bit of recognition

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

Deputy Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 08 Sep 2023

2.0

for Salary and Benefits

Likes

Salary and perks

Dislikes

Very poor,work life balance is nothing,no knowledge updation because they know about job security so they are less worried about customer service knowledge updation and delivering our best.only. late sitting can save u and made you hero not your expertise and smart work.

Deputy Manager in Visnagar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 23 Apr 2023

4.0

for Salary and Benefits

Likes

Salary and perks are good

Dislikes

You have to work 12 hours a day, management pressure, you have to work on Sunday and holiday also, due to staff shortage you can't get leave on occasion. You can't give time to your family.

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Discover interview dos and don'ts from real experiences

What people are saying about State Bank of India

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wineymoose

An Operations Manager

Don't apply for a banking job until you read this.

Are you considering a career in banking? Think again.. Between FY17 and FY24, while the Indian banking sector added half a million new jobs, public sector banks said goodbye to over 1,00,000 employees... In FY24 alone, 11,154 jobs vanished, with the State Bank of India leading the exit wave at 3,562 employees. Is this the end of stable PSU jobs as we know them?

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State Bank of India Business Analyst Salary FAQs

What is the salary of Business Analyst at State Bank of India Mumbai?

Business Analyst salary at State Bank of India in Mumbai ranges between ₹6.0 Lakhs to ₹25.0 Lakhs for experience between 4 years to 11 years. According to our estimates it is 43% more than the average Business Analyst Salary in India. Salary estimates are based on 7 latest salaries received from various employees of State Bank of India Mumbai.

How does the salary of a Business Analyst at State Bank of India Mumbai compare with the average salary range for this job?

The average salary of a Business Analyst at State Bank of India is 43% more than the average salary of a Business Analyst in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Business Analyst at State Bank of India?

Business Analysis, Requirements Management, Swot Analysis, Banking and Market Analysis are some of the popular skills required to work as a Business Analyst at State Bank of India Mumbai.

Which similar companies are paying more than State Bank of India to a Business Analyst in Mumbai?

Bank of America Business Analyst Salary - ₹9.0 Lakhs to ₹27.5 Lakhs per year
Standard Chartered Business Analyst Salary - ₹7.0 Lakhs to ₹19.0 Lakhs per year
IDFC FIRST Bank Business Analyst Salary - ₹6.0 Lakhs to ₹24.4 Lakhs per year

What is the salary of a Business Analyst in companies similar to State Bank of India in Mumbai?

Bank of Baroda Business Analyst Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year
Deutsche Bank Business Analyst Salary - ₹6.9 Lakhs to ₹24.0 Lakhs per year
HDFC Bank Business Analyst Salary - ₹4.7 Lakhs to ₹20.0 Lakhs per year
Kotak Mahindra Bank Business Analyst Salary - ₹4.5 Lakhs to ₹19.0 Lakhs per year
Axis Bank Business Analyst Salary - ₹4.5 Lakhs to ₹18.8 Lakhs per year

What is the estimated take home salary of a Business Analyst at State Bank of India in Mumbai?

The estimated take-home salary of a Business Analyst at State Bank of India ranges between ₹1,02,140 per month to ₹1,04,931 per month in Mumbai. The take-home salary calculation is based on the average State Bank of India Business Analyst salary in India which ranges between ₹6.0 Lakhs to ₹25.0 Lakhs per year for employees with experience between 4 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Business Analyst at State Bank of India in Mumbai?

According to AmbitionBox, 80% of the State Bank of India Business Analysts in Mumbai reported a notice period of 3 Months, 20% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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State Bank of India Business Analyst Salaries in Mumbai

State Bank of India Business Analyst salary in Mumbai ranges between ₹6 Lakhs to ₹25 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 State Bank of India latest salaries received from various employees of State Bank of India.