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

11 - 22 years exp.

₹16 Lakhs - ₹60 Lakhs

Salary of majority employees

58% 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. (47 salaries)	₹17.2 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 - ₹34.6 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)	₹33.7 L/yr - ₹38 L/yr

Last Updated: 25 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. (108 salaries)

₹16 L/yr - ₹60 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Chief Manager Salary 5 - 23 years exp. (970 salaries)	₹13.7 L/yr - ₹39 L/yr 27% less
Kotak Mahindra Bank Chief Manager Salary 7 - 19 years exp. (395 salaries)	₹7.5 L/yr - ₹27.5 L/yr 47% less
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IDFC FIRST Bank Chief Manager Salary 5 - 20 years exp. (367 salaries)	₹11 L/yr - ₹36 L/yr 35% less
IndusInd Bank Chief Manager Salary 3 - 19 years exp. (317 salaries)	₹5.8 L/yr - ₹18 L/yr 67% less	1 job opening
Bank of Baroda Chief Manager Salary 11 - 18 years exp. (118 salaries)	₹13.9 L/yr - ₹52 L/yr 7% less
Union Bank of India Chief Manager Salary 10 - 17 years exp. (65 salaries)	₹13 L/yr - ₹42 L/yr 11% less
Bank of India Chief Manager Salary 12 - 18 years exp. (33 salaries)	₹15 L/yr - ₹37 L/yr 18% less
Punjab National Bank Chief Manager Salary 10 - 15 years exp. (31 salaries)	₹15 L/yr - ₹50.5 L/yr At par
Central Bank of India Chief Manager Salary 11 - 17 years exp. (14 salaries)	₹20 L/yr - ₹50 L/yr 11% less
Indian Bank Chief Manager Salary 10 - 15 years exp. (14 salaries)	₹17 L/yr - ₹34 L/yr 26% less
Canara Bank Chief Manager Salary 10 - 18 years exp. (13 salaries)	₹12 L/yr - ₹27 L/yr 28% less
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Indian Overseas Bank Chief Manager Salary 14 - 19 years exp. (8 salaries)	₹20 L/yr - ₹40 L/yr 20% less
Yes Bank Chief Manager Salary 3 - 12 years exp. (6 salaries)	₹13 L/yr - ₹24.8 L/yr 40% less
Allahabad Bank Chief Manager Salary 9 - 12 years exp. (4 salaries)	₹15.5 L/yr - ₹20 L/yr 51% less

Chief Manager salary at State Bank of India ranges between ₹16 Lakhs to ₹60 Lakhs per year for employees with experience between 11 years to 22 years. Salary estimates are based on 108 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Chief Manager salaries in Mumbai

Last Updated: 25 Mar 2025

Experience	Avg Annual Salary
11 years (7 salaries)	₹17.4 L/yr - ₹50 L/yr
12 years (12 salaries)	₹15.7 L/yr - ₹50 L/yr
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13 years (19 salaries)	₹15.4 L/yr - ₹45 L/yr
14 years (13 salaries)	₹25 L/yr - ₹60 L/yr
15+ years (57 salaries)	₹18 L/yr - ₹60 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.

-4% hike

Regional Manager 12 - 26 years exp.

29% hike

From

View 3 more levels

Chief Manager

11 - 22 years exp.

General Manager, Audit

Salary unavailable

From

View 2 more levels

Chief Manager

11 - 22 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.

Similar Designation salaries in State Bank of India

Deputy Manager Salary

(95 salaries)

₹7.15 L/yr - ₹28 L/yr

Branch Manager Salary

(31 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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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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State Bank of India Chief Manager Salary FAQs

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

The average salary of a Chief Manager at State Bank of India in Mumbai typically ranges from ₹16.0 Lakhs to ₹60.0 Lakhs per year, depending on experience (from 11 years to 22 years).

The top 10% of Chief Manager in Mumbai at State Bank of India earn more than ₹45.0 Lakhs per year, and the top 1% earn over ₹60.0 Lakhs per year. Chief Manager 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 100+ State Bank of India employees in India.

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 in Mumbai typically ranges from ₹2,10,308 to ₹2,18,681 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹60.0 Lakhs per year for employees with experience ranging from 11 years to 22 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 100+ salaries received from various employees of State Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Chief Manager at State Bank of India in Mumbai?

To be a Chief Manager at State Bank of India in Mumbai, the key skills required include:

- PMO
- Kubernetes
- Stakeholder Management
- Project Management
- Project Planning

These skills are highly valued at State Bank of India and are crucial for successful performance in a Software Engineering role.

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

The salary of a Chief Manager 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:

Punjab National Bank	₹15.0 Lakhs to ₹50.5 Lakhs per year
Bank of Baroda	₹13.9 Lakhs to ₹52.0 Lakhs per year
Union Bank of India	₹13.0 Lakhs to ₹42.0 Lakhs per year
Central Bank of India	₹20.0 Lakhs to ₹50.0 Lakhs per year
Bank of India	₹15.0 Lakhs to ₹37.0 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 Chief Manager at State Bank of India in Mumbai?

The salary growth for a Chief Manager at State Bank of India in Mumbai depends on factors such as experience, performance, and promotions. On average, a Chief Manager in Mumbai can expect the following growth trajectory at State Bank of India:

Experience	Average Salary Range
11 years	₹17.4 Lakhs to ₹50.0 Lakhs per year
12 years	₹15.7 Lakhs to ₹50.0 Lakhs per year
13 years	₹15.4 Lakhs to ₹45.0 Lakhs per year
14 years	₹25.0 Lakhs to ₹60.0 Lakhs per year

and so on.

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State Bank of India Chief Manager Salaries in Mumbai

State Bank of India Chief Manager salary in Mumbai ranges between ₹16 Lakhs to ₹60 Lakhs with an average annual salary of ₹. Salary estimates are based on 108 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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