State Bank of India Mumbai Head of Product Salaries by 2 Employees

5 - 15 years exp.

₹23.9 Lakhs - ₹30.5 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

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Salaries in different departments

BFSI, Investments & Trading Head of Product Salary 15 years exp. (AmbitionBox Estimate)	₹16.2 L/yr - ₹19.8 L/yr
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Product Management Head of Product Salary 5 years exp. (AmbitionBox Estimate)	₹31.5 L/yr - ₹38.5 L/yr

Last Updated: 15 Mar 2023

Companies similar to State Bank of India for Head of Product in Mumbai

State Bank of India Head of Product Salary

5 - 15 years exp. (AmbitionBox Estimate)

₹23.9 L/yr - ₹30.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Head of Product Salary 15 - 27 years exp. (12 salaries)	₹30 L/yr - ₹70 L/yr 60% more
HDFC Bank Head of Product Salary 11 - 18 years exp. (10 salaries)	₹22 L/yr - ₹80 L/yr 81% more
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Axis Bank Head of Product Salary 15 - 21 years exp. (6 salaries)	₹21 L/yr - ₹40 L/yr 8% more
Yes Bank Head of Product Salary 15 - 21 years exp. (5 salaries)	₹32.5 L/yr - ₹70 L/yr 63% more
IDFC FIRST Bank Head of Product Salary 8 - 19 years exp. (5 salaries)	₹45 L/yr - ₹60 L/yr 99% more
Kotak Mahindra Bank Head of Product Salary 12 - 13 years exp. (3 salaries)	₹19 L/yr - ₹59 L/yr 30% more

Head of Product salary at State Bank of India ranges between ₹23.9 Lakhs to ₹30.5 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 2 latest salaries received from various employees of State Bank of India.

Similar Designation salaries in State Bank of India

Management Executive Salary

(3 salaries)

₹3 L/yr - ₹12 L/yr

Salary related reviews for State Bank of India

Apprentice in Hardoi

Intern

Customer Success, Service & Operations Department

4.0

• posted on 22 Nov 2022

3.0

for Salary and Benefits

Likes

The salary and other benifits which sbi gives to its Permanent employees is far better than any public sector bank ,and sbi deployed new employees in their nearby place

Skill development - Excellent

+2 more

Dislikes

Nothing a permanent employment in sbi is a dream for youth like me ..i,m working towards it hopefully i will get it in due time

Job security - Bad

+1 more

Trainee Electrical Engineer

Administrative Department

4.0

• posted on 12 Dec 2017

3.0

for Salary and Benefits

Likes

I belong to the Bank's Administrative section, the work environment is pleasant, co-workers are also good. Gets the required training.

Skill development - Good

+2 more

Dislikes

The main problem is salary, then there is no job security. And so we can't run a house with this job.

Job security - Poor

+1 more

Deputy Manager in Chennai

Full Time

Finance & Accounting Department

4.0

• posted on 20 Mar 2025

4.0

for Salary and Benefits

Likes

...ly banker to every Indian. One gain experience in handling all kind of customer. Good Salary package compared to any other banking and financial institutions. Respect and status is incomparable. Tough but worth for career oriented candidates.

Salary - Good

+4 more

Dislikes

Challenges before a women employee and men is not the same in our society. Not every family support working women. To spread their wings and fulfill their dreams they faces many many hurdles. We cannot have rigid and common transfer policy for everyone. I have seen many women employee resigning due to this reason including me. Having work life balance is difficult for officer particularly.

Work-life balance - Bad

Banking Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 12 Mar 2025

2.0

for Salary and Benefits

Likes

Job security,low interest rate for loans ,medical facilities ,leave facility and perks

Job security - Good

Dislikes

No work life balance Excess workload Not sufficient salary according to work we do Long working hours without any overtime No resolution of grievances .you just have to work and work to complete the work Shortage of staff.

Salary - Poor

+5 more

FOS Executive in Hapur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 07 Mar 2025

4.0

for Salary and Benefits

Likes

Work with top bank in sbi Minimum stress but good culture but may be some managers are not good Salary is good for fresher Work in core banking like kcc and government scheme Enjoy lunch time 😀

Salary - Good

+5 more

Dislikes

It is a field job which you are required to travel to Village or may be door to door services No promotion is there it is the third party job But due to working in the loan department you can work with private bank after getting experience.

Promotions - Poor

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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State Bank of India Head of Product Salary FAQs

How the salary growth look like for a Head of Product at State Bank of India in Mumbai?

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

Experience	Average Salary Range
5 years	₹31.5 Lakhs to ₹40.2 Lakhs per year
15 years	₹16.2 Lakhs to ₹20.7 Lakhs per year

and so on.

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State Bank of India Head of Product Salaries in Mumbai

State Bank of India Head of Product salary in Mumbai ranges between ₹23.9 Lakhs to ₹30.5 Lakhs. This is an estimate based on latest salaries received from employees of State Bank of India.

State Bank of India Head of Product salaries in Mumbai

Companies similar to State Bank of India for Head of Product in Mumbai

Similar Designation salaries in State Bank of India

Salary related reviews for State Bank of India

Apprentice in Hardoi

Trainee Electrical Engineer

Deputy Manager in Chennai

Banking Associate in Mumbai

FOS Executive in Hapur

State Bank of India Head of Product Salary FAQs

Tell us how to improve this page.