State Bank of India Mumbai Chief Manager Salaries by 100+ Employees (Updated 2025)

11 - 22 years exp.

₹15.9 Lakhs - ₹60 Lakhs

Salary of majority employees

52% more than the average Chief Manager Salary in Banking Companies for 11 - 22 years of experience

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Salaries in different departments

BFSI, Investments & Trading Chief Manager Salary 11 - 22 years exp. (46 salaries)	₹17.1 L/yr - ₹60 L/yr
Finance & Accounting Chief Manager Salary 11 - 22 years exp. (15 salaries)	₹14.8 L/yr - ₹50 L/yr
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Customer Success, Service & Operations Chief Manager Salary 12 - 18 years exp. (4 salaries)	₹15.7 L/yr - ₹29.8 L/yr
Risk Management & Compliance Chief Manager Salary 12 - 18 years exp. (AmbitionBox Estimate)	₹22 L/yr - ₹37 L/yr
Sales & Business Development Chief Manager Salary 16 years exp. (AmbitionBox Estimate)	₹32.4 L/yr - ₹38 L/yr

Last Updated: 5 Mar 2025

Companies similar to State Bank of India for Chief Manager in Mumbai

State Bank of India Chief Manager Salary

11 - 22 years exp. (107 salaries)

₹15.9 L/yr - ₹60 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Chief Manager Salary 5 - 23 years exp. (967 salaries)	₹13.7 L/yr - ₹39 L/yr 24% less
Axis Bank Chief Manager Salary 9 - 13 years exp. (3 salaries)	₹13 L/yr - ₹36 L/yr 37% less
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Kotak Mahindra Bank Chief Manager Salary 7 - 19 years exp. (396 salaries)	₹9 L/yr - ₹30.8 L/yr 44% less
IndusInd Bank Chief Manager Salary 0 - 19 years exp. (323 salaries)	₹5 L/yr - ₹18 L/yr 66% less
Punjab National Bank Chief Manager Salary 10 - 17 years exp. (32 salaries)	₹15 L/yr - ₹50.5 L/yr 4% more
Bank of Baroda Chief Manager Salary 11 - 18 years exp. (116 salaries)	₹13.8 L/yr - ₹52 L/yr 2% less
Canara Bank Chief Manager Salary 10 - 19 years exp. (15 salaries)	₹12 L/yr - ₹45 L/yr 20% less
Union Bank of India Chief Manager Salary 10 - 17 years exp. (65 salaries)	₹13 L/yr - ₹42 L/yr 8% less
Bank of India Chief Manager Salary 10 - 19 years exp. (48 salaries)	₹13 L/yr - ₹37.8 L/yr 13% less
Central Bank of India Chief Manager Salary 11 - 17 years exp. (13 salaries)	₹20 L/yr - ₹38.1 L/yr 22% less
Yes Bank Chief Manager Salary 3 - 7 years exp. (4 salaries)	₹14 L/yr - ₹30 L/yr 38% less
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Karur Vysya Bank Chief Manager Salary 13 - 16 years exp. (6 salaries)	₹20 L/yr - ₹29 L/yr 29% less
South Indian Bank Chief Manager Salary 10 - 14 years exp. (5 salaries)	₹22 L/yr - ₹25 L/yr 26% less
Indian Overseas Bank Chief Manager Salary 14 - 17 years exp. (6 salaries)	₹20 L/yr - ₹40 L/yr 13% less
UCO Bank Chief Manager Salary 10 - 13 years exp. (11 salaries)	₹20 L/yr - ₹32 L/yr 16% less
Bank of Maharashtra Chief Manager Salary 10 - 14 years exp. (4 salaries)	₹15 L/yr - ₹35 L/yr 21% less
IDFC FIRST Bank Chief Manager Salary 5 - 20 years exp. (364 salaries)	₹11 L/yr - ₹36 L/yr 31% less
Indian Bank Chief Manager Salary 10 - 18 years exp. (14 salaries)	₹17 L/yr - ₹34 L/yr 24% less
Allahabad Bank Chief Manager Salary 9 - 12 years exp. (4 salaries)	₹15.5 L/yr - ₹20 L/yr 49% less

Chief Manager salary at State Bank of India ranges between ₹15.9 Lakhs to ₹60 Lakhs per year for employees with experience between 11 years to 22 years. Salary estimates are based on 107 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Chief Manager salaries in Mumbai

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
11 years (7 salaries)	₹17.4 L/yr - ₹50 L/yr
12 years (11 salaries)	₹15.7 L/yr - ₹50 L/yr
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13 years (19 salaries)	₹13.9 L/yr - ₹45 L/yr
14 years (12 salaries)	₹25 L/yr - ₹60 L/yr
15+ years (58 salaries)	₹18 L/yr - ₹58.7 L/yr

From

Chief Manager

₹

Lakhs/yr

11 - 22 years exp.

Regional Manager

₹

Lakhs/yr

12 - 26 years exp.

Chief Manager 11 - 22 years exp.

Assistant General Manager 16 - 32 years exp.

-6% hike

Regional Manager 12 - 26 years exp.

30% hike

From

2 more levels

Chief Manager

11 - 22 years exp.

New Business Manager

Salary unavailable

View 1 more career path

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.

Similar Designation salaries in State Bank of India

Deputy Manager Salary

(84 salaries)

₹7.07 L/yr - ₹28 L/yr

Branch Manager Salary

(30 salaries)

₹12 L/yr - ₹28 L/yr

Credit Manager Salary

(6 salaries)

₹12 L/yr - ₹27 L/yr

Top skills at State Bank of India for Chief Manager

PMO Kubernetes Stakeholder Management Project Management Project Planning Project Coordination SAAS ITIL Scrum Master VMware Iaas Windows Linux Spring Boot Microservices

Salary related reviews for State Bank of India

3.7

Rated by 25 employees for salary & benefits

Chief Manager in Chennai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 17 Aug 2023

4.0

for Salary and Benefits

Likes

Job Safety. Monthly Salary is fixed with regular Annual increments. No NIGHT duties (except for certain specific duties). Compensation for Medical Expenditures for Self + Family. Loans at Simple Interest Rate structure.

Salary - Good

+1 more

Dislikes

Deal with public at raw and other unscrupulous individuals. Complicated work process and procedures that are convoluted. Lack of standardisation in procedures and actions. Lack of Work-life Balance. Toxic and Unprofessional Work Culture. Prevalence of use of abusive language and incivil behaviour from higher officials and auditors. Environment of intimidation and suppression. Prevalence of trade unions and Netagiri. Arbitrariness and randoness in posting orders, transfers, promotions and allotment for foreign assignments. Nepotism, favouritism with lesser regard for merit. Adoption of a two tumbler system for identical cases. No learning in job with no leadership qualities earned. Sub-standard training programmes. Unsymmetrical work load with parity in entirely. Ownership feeling missing among higher officials. A Hard Working employee retirement goes unnoticed; whereas Inquilab Zindabad community (which disrupts Bank functioning and brings negative image) gets a warm send off from the top management.

Skill development - Bad

+3 more

Chief Manager in Varanasi

Full Time

Data Science & Analytics Department

1.0

• posted on 30 Dec 2022

3.0

for Salary and Benefits

Likes

Pay is decent but in senior level nothing compared to private sector.

Job security - Excellent

Dislikes

The organisation would not give you anything for your personal growth, it's waste to join it. If you are into sales and love selling insurance and other stuff, please go ahead. Otherwise you would land in the biggest soup of your life. It's like a bone which will be stuck in your throat forever. Plz take the decision wisely

Skill development - Bad

+4 more

Chief Manager in Guntur

Full Time

Sales & Business Development Department

5.0

• posted on 19 Dec 2023

5.0

for Salary and Benefits

Likes

Good reputation in the society /family, Good salary and job satisfaction.

Salary - Excellent

+4 more

Dislikes

1.DP initiating on employees migare irregularities and finally ( after 1 year) awarding "no action" judgement.Therefore staff members are fearing while discharging duties. 2.Cutomers are not convicing of our SBI life and general insurance products, but heavy follow up from all levels.

Work-life balance - Bad

Chief Manager

Other Department

4.0

• posted on 02 Feb 2020

3.0

for Salary and Benefits

Likes

Good for personal development & width of exposure ...with varied assignments and faily good opportunities for career growth ...

Skill development - Excellent

+3 more

Dislikes

Compensation not very attractive / poor post retirement benefits ... compared to govt job / defence services

Chief Manager in Mauranipur

BFSI, Investments & Trading Department

4.0

• posted on 16 Feb 2020

5.0

for Salary and Benefits

Likes

The organization is open to innovation and readily adopts latest technology and sell products for each segment of society.I love the fact that I was a part of such organization. I also like the rehire policy there.

Salary - Excellent

+5 more

Dislikes

Compensation is good but the work pressure is very high.

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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State Bank of India Chief Manager Salary FAQs

What is the salary of Chief Manager at State Bank of India Mumbai?

Chief Manager salary at State Bank of India in Mumbai ranges between ₹15.9 Lakhs to ₹60.0 Lakhs for experience between 11 years to 22 years. According to our estimates it is 52% more than the average Chief Manager Salary in India. Salary estimates are based on 107 latest salaries received from various employees of State Bank of India Mumbai.

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

The average salary of a Chief Manager at State Bank of India is 52% more than the average salary of a Chief Manager in Mumbai. To know exact salary insights, login to view.

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

PMO, Kubernetes, Stakeholder Management, Project Management and Project Planning are some of the popular skills required to work as a Chief Manager at State Bank of India Mumbai.

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

Punjab National Bank Chief Manager Salary - ₹15.0 Lakhs to ₹50.5 Lakhs per year

What is the salary of a Chief Manager in companies similar to State Bank of India in Mumbai?

Bank of Baroda Chief Manager Salary - ₹13.8 Lakhs to ₹52.0 Lakhs per year
Union Bank of India Chief Manager Salary - ₹13.0 Lakhs to ₹42.0 Lakhs per year
Bank of India Chief Manager Salary - ₹13.0 Lakhs to ₹37.8 Lakhs per year
Indian Overseas Bank Chief Manager Salary - ₹20.0 Lakhs to ₹40.0 Lakhs per year
UCO Bank Chief Manager Salary - ₹20.0 Lakhs to ₹32.0 Lakhs per year

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

The estimated take-home salary of a Chief Manager at State Bank of India ranges between ₹2,03,148 per month to ₹2,11,197 per month in Mumbai. The take-home salary calculation is based on the average State Bank of India Chief Manager salary in India which ranges between ₹15.9 Lakhs to ₹60.0 Lakhs per year for employees with experience between 11 years to 22 years. Check how did we calculate take home salary?

What is the notice period for Chief Manager at State Bank of India in Mumbai?

According to AmbitionBox, 77% of the State Bank of India Chief Managers in Mumbai reported a notice period of 3 Months, 10% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 71 responses on AmbitionBox in last 2 years.

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State Bank of India Chief Manager Salaries in Mumbai

State Bank of India Chief Manager salary in Mumbai ranges between ₹15.9 Lakhs to ₹60 Lakhs with an average annual salary of ₹. Salary estimates are based on 107 State Bank of India latest salaries received from various employees of State Bank of India.

State Bank of India Chief Manager salaries in Mumbai (Updated 2025)

Companies similar to State Bank of India for Chief Manager in Mumbai

Latest annual salaries shared by State Bank of India Chief Manager in Mumbai

Experience wise State Bank of India Chief Manager salaries in Mumbai

Similar Designation salaries in State Bank of India

Top skills at State Bank of India for Chief Manager

Salary related reviews for State Bank of India

Chief Manager in Chennai

Chief Manager in Varanasi

Chief Manager in Guntur

Chief Manager

Chief Manager in Mauranipur

State Bank of India Chief Manager Salary FAQs

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