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

Annual salary range
11 - 22 years exp.
₹16 Lakhs - ₹60 Lakhs
Salary of majority employees
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58% more than the average Chief Manager Salary in Banking Companies for 11 - 22 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Chief Manager Salary
11 - 22 years exp. (47 salaries)
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₹17.2 L/yr - ₹60 L/yr

Finance & Accounting
Chief Manager Salary
11 - 22 years exp. (15 salaries)
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₹14.8 L/yr - ₹50 L/yr

Customer Success, Service & Operations
Chief Manager Salary
12 - 18 years exp. (4 salaries)
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₹15.7 L/yr - ₹34.6 L/yr

Risk Management & Compliance
Chief Manager Salary
12 - 18 years exp. (AmbitionBox Estimate)
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₹22 L/yr - ₹37 L/yr

Sales & Business Development
Chief Manager Salary
16 years exp. (AmbitionBox Estimate)
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₹33.7 L/yr - ₹38 L/yr

Last Updated: 25 Mar 2025

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

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State Bank of India Chief Manager Salary

11 - 22 years exp. (108 salaries)

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₹16 L/yr - ₹60 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Bank Chief Manager Salary

5 - 23 years exp. (970 salaries)

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₹13.7 L/yr - ₹39 L/yr

arrow icon 27% less
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Kotak Mahindra Bank Chief Manager Salary

7 - 19 years exp. (395 salaries)

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₹7.5 L/yr - ₹27.5 L/yr

arrow icon 47% less
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IDFC FIRST Bank Chief Manager Salary

5 - 20 years exp. (367 salaries)

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₹11 L/yr - ₹36 L/yr

arrow icon 35% less
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IndusInd Bank Chief Manager Salary

3 - 19 years exp. (317 salaries)

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₹5.8 L/yr - ₹18 L/yr

arrow icon 67% less
1 job opening
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Bank of Baroda Chief Manager Salary

11 - 18 years exp. (118 salaries)

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₹13.9 L/yr - ₹52 L/yr

arrow icon 7% less
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Union Bank of India Chief Manager Salary

10 - 17 years exp. (65 salaries)

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₹13 L/yr - ₹42 L/yr

arrow icon 11% less
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Bank of India Chief Manager Salary

12 - 18 years exp. (33 salaries)

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₹15 L/yr - ₹37 L/yr

arrow icon 18% less
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Punjab National Bank Chief Manager Salary

10 - 15 years exp. (31 salaries)

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₹15 L/yr - ₹50.5 L/yr

At par
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Central Bank of India Chief Manager Salary

11 - 17 years exp. (14 salaries)

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₹20 L/yr - ₹50 L/yr

arrow icon 11% less
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Indian Bank Chief Manager Salary

10 - 15 years exp. (14 salaries)

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₹17 L/yr - ₹34 L/yr

arrow icon 26% less
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Canara Bank Chief Manager Salary

10 - 18 years exp. (13 salaries)

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₹12 L/yr - ₹27 L/yr

arrow icon 28% less
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Indian Overseas Bank Chief Manager Salary

14 - 19 years exp. (8 salaries)

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₹20 L/yr - ₹40 L/yr

arrow icon 20% less
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Yes Bank Chief Manager Salary

3 - 12 years exp. (6 salaries)

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₹13 L/yr - ₹24.8 L/yr

arrow icon 40% less
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Allahabad Bank Chief Manager Salary

9 - 12 years exp. (4 salaries)

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₹15.5 L/yr - ₹20 L/yr

arrow icon 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.

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

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15 years exp.
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21 years exp.
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14 years exp.
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17 years exp.
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21 years exp.
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16 years exp.

Experience wise State Bank of India Chief Manager salaries in Mumbai

Last Updated: 25 Mar 2025

Experience Avg Annual Salary
11 years  (7 salaries)

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₹17.4 L/yr - ₹50 L/yr
12 years  (12 salaries)

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₹15.7 L/yr - ₹50 L/yr
13 years  (19 salaries)

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₹15.4 L/yr - ₹45 L/yr
14 years  (13 salaries)

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₹25 L/yr - ₹60 L/yr
15+ years  (57 salaries)

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₹18 L/yr - ₹60 L/yr
State Bank of India Chief Manager Salary and Career Growth

From

To

Chief Manager

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11 - 22 years exp.

Regional Manager

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12 - 26 years exp.

Chief Manager 11 - 22 years exp.
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Assistant General Manager 16 - 32 years exp.
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arrow icon -4% hike
    Regional Manager 12 - 26 years exp.
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    arrow icon 29% hike

    From

    To

    Chief Manager

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    11 - 22 years exp.

    General Manager, Audit

    Salary unavailable

    From

    To

    Chief Manager

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    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)
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    ₹7.15 L/yr - ₹28 L/yr
    Branch Manager Salary
    (31 salaries)
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    ₹12 L/yr - ₹28 L/yr
    Credit Manager Salary
    (6 salaries)
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    ₹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

    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.

    read more
    • 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.

    read more
    • Skill development - Bad
    • +3 more

    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

    read more
    • Skill development - Bad
    • +4 more

    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.

    read more
    • 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.

    read more
    • Work-life balance - Bad

    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 ...

    read more
    • Skill development - Excellent
    • +3 more

    Dislikes

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

    read more

    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.

    read more
    • Salary - Excellent
    • +5 more

    Dislikes

    Compensation is good but the work pressure is very high.

    see more salary related reviews

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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.

    Tell us how to improve this page.

    State Bank of India Chief Manager salary in Mumbai ranges between ₹16 Lakhs to ₹60 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 108 State Bank of India latest salaries received from various employees of State Bank of India.