State Bank of India Manager M1 Salaries by 3 Employees (Updated 2025)

10 - 14 years exp.

₹20 Lakhs - ₹36 Lakhs

Low Confidence

Salary of majority employees

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124% more than the average Manager M1 Salary in Banking Companies for 10 - 14 years of experience

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Salaries in different departments

Finance & Accounting Manager M1 Salary 10 years exp. (AmbitionBox Estimate)	Unlock ₹19.8 L/yr - ₹24.2 L/yr
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Risk Management & Compliance Manager M1 Salary 14 years exp. (AmbitionBox Estimate)	Unlock ₹32.4 L/yr - ₹39.6 L/yr

Last Updated: 5 Mar 2025

Companies similar to State Bank of India for Manager M1

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Manager M1 Salary 1 - 17 years exp. (1.9k salaries)	Unlock ₹4.5 L/yr - ₹16 L/yr 60% less
HDFC Bank Manager M1 Salary 6 - 14 years exp. (145 salaries)	Unlock ₹5 L/yr - ₹13.3 L/yr 68% less
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Axis Bank Manager M1 Salary 5 - 12 years exp. (158 salaries)	Unlock ₹4.2 L/yr - ₹10.6 L/yr 71% less
Bank of Baroda Manager M1 Salary 7 - 10 years exp. (4 salaries)	Unlock ₹7.5 L/yr - ₹10.5 L/yr 65% less
IDBI Bank Manager M1 Salary 5 - 14 years exp. (5 salaries)	Unlock ₹13.5 L/yr - ₹20 L/yr 32% less
IndusInd Bank Manager M1 Salary 4 - 11 years exp. (45 salaries)	Unlock ₹3.5 L/yr - ₹8.8 L/yr 76% less
IDFC FIRST Bank Manager M1 Salary 4 - 12 years exp. (44 salaries)	Unlock ₹5 L/yr - ₹9.5 L/yr 72% less
Kotak Mahindra Bank Manager M1 Salary 2 - 12 years exp. (43 salaries)	Unlock ₹3 L/yr - ₹10 L/yr 77% less
AU Small Finance Bank Manager M1 Salary 2 - 13 years exp. (37 salaries)	Unlock ₹3.6 L/yr - ₹11 L/yr 73% less
Yes Bank Manager M1 Salary 1 - 13 years exp. (35 salaries)	Unlock ₹5.5 L/yr - ₹10.1 L/yr 71% less
Bandhan Bank Manager M1 Salary 9 - 13 years exp. (10 salaries)	Unlock ₹7.2 L/yr - ₹9.5 L/yr 68% less
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Standard Chartered Manager M1 Salary 5 - 10 years exp. (6 salaries)	Unlock ₹6.9 L/yr - ₹10 L/yr 65% less

Manager M1 salary at State Bank of India ranges between ₹20 Lakhs to ₹36 Lakhs per year for employees with experience between 10 years to 14 years. Salary estimates are based on 3 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Manager M1 salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	Unlock ₹19.8 L/yr - ₹25.3 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹18 L/yr - ₹23 L/yr
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14 years (AmbitionBox Estimate)	Unlock ₹32.4 L/yr - ₹41.4 L/yr

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Salary related reviews for State Bank of India

3.0

Rated by 1 employees for salary & benefits

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

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

2.0

• posted on 15 Nov 2024

4.0

for Salary and Benefits

Likes

Nothing to like really. You just get stuck in doing monotonous job

Salary - Good

+1 more

Dislikes

...erable. Asking to not come on a public holiday leads to targetting by your boss. No compensation for working on holidays. One has to work for 10-12 hours Monday to Saturday. You are asked to do work outside bank guidelines and no risk allowance/security assurance is given.

Skill development - Bad

+3 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 18 Sep 2024

4.0

for Salary and Benefits

Likes

It is a reputed organisation and the largest public sector bank in India. The salary and perks are better as compared to other PSBs. There is job security.

Salary - Good

+2 more

Dislikes

Long sitting hours, lot of workload, seniors threatening to transfer/change posting, stress and pressure of completing targets, working on weekends and holidays. Huge customer base means a lot of customer dealing.

Company culture - Poor

+1 more

Deputy Manager in New Delhi

Full Time

Other Department

3.0

• posted on 28 Jul 2024

3.0

for Salary and Benefits

Likes

Salary and little bit of recognition

Job security - Excellent

Dislikes

Bad culture Politics Transfer postings outside Which disturbs your personal life Late working Shortage of staff puts more burden on existing employees Poorest work life balance

Work satisfaction - Bad

+2 more

Branch Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 20 Dec 2023

3.0

for Salary and Benefits

Likes

Job is secured. We get to serve all kind of customers. Employees get huge exposure in whichever field /segment they are working in, great medical benefit, loans at concessional rate.

Job security - Excellent

Dislikes

Age old promotion policy, rigid system, salary is not as per industry standard, lack of proper training, late sitting is rewarded, no facility for working mothers, except for maternity leave, no wfh facility.

Skill development - Bad

+2 more

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State Bank of India Manager M1 Salary FAQs

What is the notice period for Manager M1 at State Bank of India?

According to AmbitionBox, 100% of the State Bank of India Manager M1s reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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State Bank of India Manager M1 Salaries

State Bank of India Manager M1 salary in India ranges between ₹20 Lakhs to ₹36 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 State Bank of India latest salaries received from various employees of State Bank of India.