State Bank of India Manager Salaries by 500+ Employees (Updated 2025)

6 - 16 years exp.

₹10 Lakhs - ₹40 Lakhs

Salary of majority employees

Fixed (100%)

₹22.9 Lakhs

Variable (0%)

₹0.0

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41% more than the average Manager Salary in Banking Companies for 6 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 6 - 16 years exp. (209 salaries)	Unlock ₹12 L/yr - ₹40 L/yr
Finance & Accounting Manager Salary 6 - 15 years exp. (49 salaries)	Unlock ₹9.9 L/yr - ₹40 L/yr
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Customer Success, Service & Operations Manager Salary 6 - 15 years exp. (33 salaries)	Unlock ₹11 L/yr - ₹32 L/yr
Data Science & Analytics Manager Salary 6 - 14 years exp. (25 salaries)	Unlock ₹10 L/yr - ₹30 L/yr
Risk Management & Compliance Manager Salary 7 - 16 years exp. (17 salaries)	Unlock ₹12 L/yr - ₹31.5 L/yr

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Last Updated: 5 Mar 2025

Companies similar to State Bank of India for Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Manager Salary 0 - 18 years exp. (4.8k salaries)	Unlock ₹5.5 L/yr - ₹18.5 L/yr 47% less
HDFC Bank Manager Salary 0 - 19 years exp. (10.2k salaries)	Unlock ₹5 L/yr - ₹14.6 L/yr 59% less
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Axis Bank Manager Salary 0 - 18 years exp. (6.1k salaries)	Unlock ₹5 L/yr - ₹14 L/yr 58% less	1 job opening
Kotak Mahindra Bank Manager Salary 0 - 15 years exp. (5.4k salaries)	Unlock ₹4 L/yr - ₹12 L/yr 65% less
IndusInd Bank Manager Salary 0 - 16 years exp. (2k salaries)	Unlock ₹2.6 L/yr - ₹11 L/yr 68% less
Yes Bank Manager Salary 0 - 18 years exp. (2.6k salaries)	Unlock ₹4.3 L/yr - ₹13.2 L/yr 62% less
IDBI Bank Manager Salary 6 - 17 years exp. (656 salaries)	Unlock ₹10 L/yr - ₹29 L/yr 15% less
Bank of Baroda Manager Salary 6 - 14 years exp. (291 salaries)	Unlock ₹8 L/yr - ₹28 L/yr 21% less
Punjab National Bank Manager Salary 3 - 11 years exp. (203 salaries)	Unlock ₹7 L/yr - ₹26 L/yr 35% less
Canara Bank Manager Salary 4 - 14 years exp. (388 salaries)	Unlock ₹6.8 L/yr - ₹25 L/yr 29% less

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Manager salary at State Bank of India ranges between ₹10 Lakhs to ₹40 Lakhs per year for employees with experience between 6 years to 16 years. Salary estimates are based on 532 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Manager

3d ago

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10 years exp.

3d ago

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9 years exp.

3d ago

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14 years exp.

6d ago

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15 years exp.

6d ago

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12 years exp.

1w ago

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14 years exp.

2w ago

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12 years exp.

2w ago

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13 years exp.

3w ago

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8 years exp.

3w ago

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6 years exp.

Experience wise State Bank of India Manager salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
6 years (35 salaries)	Unlock ₹11.5 L/yr - ₹37.6 L/yr
7 years (25 salaries)	Unlock ₹11 L/yr - ₹31.5 L/yr
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8 years (76 salaries)	Unlock ₹12 L/yr - ₹39 L/yr
9 years (60 salaries)	Unlock ₹9.4 L/yr - ₹40 L/yr
10 years (96 salaries)	Unlock ₹10.1 L/yr - ₹32 L/yr
11 years (59 salaries)	Unlock ₹9.7 L/yr - ₹40 L/yr
12 years (69 salaries)	Unlock ₹10 L/yr - ₹36 L/yr
13 years (51 salaries)	Unlock ₹10.1 L/yr - ₹32 L/yr
14 years (38 salaries)	Unlock ₹9.9 L/yr - ₹38 L/yr
15+ years (23 salaries)	Unlock ₹10 L/yr - ₹39 L/yr

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From

Manager

₹

Lakhs/yr

6 - 16 years exp.

Regional Manager

₹

Lakhs/yr

12 - 26 years exp.

Manager 6 - 16 years exp.

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Chief Manager 11 - 22 years exp.

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43% hike

Assistant General Manager 16 - 32 years exp.

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-6% hike

From

3 more levels

Manager

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6 - 16 years exp.

New Business Manager

Salary unavailable

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Top skills at State Bank of India for Manager

Product Management Marketing Strategy Business Strategy Product Development Banking

Salary related reviews for State Bank of India

3.4

Rated by 159 employees for salary & benefits

Manager in Bhopal

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 03 Oct 2024

1.0

for Salary and Benefits

Likes

Job sercurity

Job security - Excellent

Dislikes

...ent transfers Boring job Spend 30+ years in rural area Work in a different state ( rural area of tgat state) Salary is peanuts Targets ( multiple) Toxic work culture Genrer biased policy Tremendous workload Late sitting 14 hrs a day Holiday working Leaves not sanctioned Eqyal salary for non performere and performers No grooming

Salary - Bad

+5 more

Manager in Chennai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 22 Nov 2023

2.0

for Salary and Benefits

Likes

Nothing. Just brand value.

Dislikes

Terrible work culture. No leaves. Too much work stress and pressure. Salary and perks are not upto the level of work we do. No time for family friends or functions. High targets and threatening. Frequent transfers.

Salary - Poor

+6 more

Manager in Dharmapuri

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 13 Sep 2023

2.0

for Salary and Benefits

Likes

Please DONT COME TO STATE BANK. AS MANAGEMENT DOESNT UNDERSTAND THE IMPORTANCE OF WORK LIFE BALANCE. THEY WILL SPEAK BUT THEY WILL NOT IMPLEMENT IT. THEY LURE YOU WITH MONEY AT LOW LEVEL. BANKING SECTOR IS TIGHTLY Controlled BY GOVT. Better go to corr jobs.

Job security - Good

Dislikes

...ce Management doesn't understand the rationalization of jobs. Multi work role. For salary joined and job is very bad.

Salary - Poor

+4 more

Manager in Bhubaneswar

BFSI, Investments & Trading Department

4.0

• posted on 05 Mar 2019

2.0

for Salary and Benefits

Likes

Since a PSU , seniors are not much of a guiding star. One have to explore a tricky way to top avoiding ego classes. Only two things are privileged . Posting and Promotion. Not to worry about survival. Anybody can.

Skill development - Excellent

+3 more

Dislikes

Work life balance and salary both are not befitting.

Salary - Poor

+1 more

Deputy Manager in Bokaro

Full Time

Finance & Accounting Department

1.0

• posted on 19 Jan 2025

1.0

for Salary and Benefits

Likes

Fixed salary

Job security - Excellent

Dislikes

Horrible work culture. Too much internal politics. People who don't work re appraised well and people who work hard are appraised badly, and have to bear lots of criticism. Seniors don't have any idea about the reality of ground level and force unethical practices for personal gains. People who oppose this are publically humiliated and instructed to resign. Seniors have no working knowledge of how the softwares work, and if some do do, then they refused to share their knowledge with others. It is the worst workplace I have ever worked in. I would not wish this kind of working environment to my worst enemy.

Salary - Bad

+5 more

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State Bank of India Manager Salary FAQs

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

Manager salary at State Bank of India in India ranges between ₹10.0 Lakhs to ₹40.0 Lakhs for experience between 6 years to 16 years. According to our estimates it is 41% more than the average Manager Salary in India. Salary estimates are based on 532 latest salaries received from various employees of State Bank of India India.

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

The average salary of a Manager at State Bank of India is 41% more than the average salary of a Manager in India. To know exact salary insights, login to view.

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

Product Management, Marketing Strategy, Business Strategy, Product Development and Banking are some of the popular skills required to work as a Manager at State Bank of India India.

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

Reserve Bank of India Manager Salary - ₹10.2 Lakhs to ₹43.8 Lakhs per year
Bank of America Manager Salary - ₹11.0 Lakhs to ₹38.0 Lakhs per year

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

The World Bank Manager Salary - ₹14.2 Lakhs to ₹30.0 Lakhs per year
IDBI Bank Manager Salary - ₹10.0 Lakhs to ₹29.0 Lakhs per year
Bank of Baroda Manager Salary - ₹8.0 Lakhs to ₹28.0 Lakhs per year
Standard Chartered Manager Salary - ₹7.0 Lakhs to ₹29.0 Lakhs per year
India Post Payments Bank Manager Salary - ₹11.0 Lakhs to ₹25.2 Lakhs per year

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

The estimated take-home salary of a Manager at State Bank of India ranges between ₹1,47,159 per month to ₹1,52,676 per month in India. The take-home salary calculation is based on the average State Bank of India Manager salary in India which ranges between ₹10.0 Lakhs to ₹40.0 Lakhs per year for employees with experience between 6 years to 16 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 59% of the State Bank of India Managers reported a notice period of 3 Months, 12% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 435 responses on AmbitionBox in last 2 years.

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State Bank of India Manager Salaries

State Bank of India Manager salary in India ranges between ₹10 Lakhs to ₹40 Lakhs with an average annual salary of ₹. Salary estimates are based on 532 State Bank of India latest salaries received from various employees of State Bank of India.

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

Companies similar to State Bank of India for Manager

Latest annual salaries shared by State Bank of India Manager

Experience wise State Bank of India Manager salaries

Similar Designation salaries in State Bank of India

Top skills at State Bank of India for Manager