State Bank of India Mumbai Manager Materials Salaries by 2 Employees (Updated 2024)

9 - 10 years exp.

₹9 Lakhs - ₹11.5 Lakhs

Low Confidence

Salary of majority employees

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Last Updated: 7 Feb 2024

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

State Bank of India Manager Materials Salary

9 - 10 years exp. (AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Reliance Industries Manager Materials Salary 6 - 17 years exp. (11 salaries)	₹5 L/yr - ₹15 L/yr 12% more
Godrej & Boyce Manufacturing Manager Materials Salary 6 - 16 years exp. (6 salaries)	₹11 L/yr - ₹16.4 L/yr 40% more
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TCS Manager Materials Salary 0 - 6 years exp. (6 salaries)	₹3 L/yr - ₹4.2 L/yr 58% less
Voltas Manager Materials Salary 14 - 29 years exp. (6 salaries)	₹14 L/yr - ₹18.5 L/yr 65% more
Lupin Manager Materials Salary 9 - 17 years exp. (4 salaries)	₹12.6 L/yr - ₹18.7 L/yr 58% more

Manager Materials salary at State Bank of India ranges between ₹9 Lakhs to ₹11.5 Lakhs per year for employees with experience between 9 years to 10 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

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Assistant General Manager Salary

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₹19 L/yr - ₹60 L/yr

Deputy General Manager Salary

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₹20 L/yr - ₹63.3 L/yr

Salary related reviews for State Bank of India

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

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.

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.

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.

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

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

Deputy Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 08 Sep 2023

2.0

for Salary and Benefits

Likes

Salary and perks

Dislikes

Very poor,work life balance is nothing,no knowledge updation because they know about job security so they are less worried about customer service knowledge updation and delivering our best.only. late sitting can save u and made you hero not your expertise and smart work.

Deputy Manager in Visnagar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 23 Apr 2023

4.0

for Salary and Benefits

Likes

Salary and perks are good

Dislikes

You have to work 12 hours a day, management pressure, you have to work on Sunday and holiday also, due to staff shortage you can't get leave on occasion. You can't give time to your family.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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State Bank of India Manager Materials Salary FAQs

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

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

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State Bank of India Manager Materials Salaries in Mumbai

State Bank of India Manager Materials salary in Mumbai ranges between ₹9 Lakhs to ₹11.5 Lakhs. This is an estimate based on latest salaries received from employees of State Bank of India.