State Bank of India Managing Director Salaries by 4 Employees (Updated 2024)

6 - 26 years exp.

₹10 Lakhs - ₹1 Crore

Low Confidence

Salary of majority employees

43% less than the average Managing Director Salary in Banking Companies for 6 - 26 years of experience

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Last Updated: 31 Aug 2024

Companies similar to State Bank of India for Managing Director

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Managing Director Salary 2 - 13 years exp. (4 salaries)	₹32 L/yr - ₹52 L/yr 10% less
Axis Bank Managing Director Salary 9 - 30 years exp. (3 salaries)	₹1.5 Cr/yr - ₹3.5 Cr/yr 398% more
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Standard Chartered Managing Director Salary 14 - 27 years exp. (8 salaries)	₹60 L/yr - ₹1 Cr/yr 74% more
Deutsche Bank Managing Director Salary 9 - 26 years exp. (5 salaries)	₹80 L/yr - ₹1.5 Cr/yr 107% more
Barclays Managing Director Salary 17 - 29 years exp. (4 salaries)	₹41.3 L/yr - ₹1.5 Cr/yr 95% more

Managing Director salary at State Bank of India ranges between ₹10 Lakhs to ₹1 Crore per year for employees with experience between 6 years to 26 years. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Managing Director salaries

Last Updated: 31 Aug 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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15+ years (3 salaries)	₹23 L/yr - ₹1 Cr/yr

Similar Designation salaries in State Bank of India

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Business Head Salary

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Project Manager Salary

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Salary related reviews for State Bank of India

General Manager

Risk focus audit and amlcft Department

5.0

• posted on 29 Sep 2017

4.0

for Salary and Benefits

Likes

A great organisation, big brand and a place where one can learn and home skills in almost all areas of traditional and modern banking. Opportunities to work in various geographical locations including Foreign soil.job security and reasonably good HR practices with lesser heirarical bottlenecks. Best bet if one wants to work in banking sector in India.

Dislikes

Compensation vis a vis the demands of job are not matching. Appraisal system is not objective and unique abilities of employee are not given proper weightage many a times. Selection for specialised training is given on pick and choose basis. Promotions and postings are heavily tilted in favour of staff posted at administrative offices.

Field Officer in Amravati

Full Time

Other Department

3.0

• posted on 20 Oct 2024

5.0

for Salary and Benefits

Likes

Working at SBI is great satisfaction which comes with job security and Salary and other benefits. working in diffrent roles gives knowledge in overall banking sector

Dislikes

There is no work life balance . Lot of work pressure and no sympathy towards staff. Frequent transfers to diffrent locations and high pressure of achieving targets

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

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

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

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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 Managing Director Salary FAQs

What is the salary of Managing Director at State Bank of India?

Managing Director salary at State Bank of India in India ranges between ₹10.0 Lakhs to ₹100.0 Lakhs for experience between 6 years to 26 years. According to our estimates it is 43% less than the average Managing Director Salary in India. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India India.

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

The average salary of a Managing Director at State Bank of India is 43% less than the average salary of a Managing Director in India. To know exact salary insights, login to view.

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

Axis Bank Managing Director Salary - ₹145.8 Lakhs to ₹350.0 Lakhs per year
Deutsche Bank Managing Director Salary - ₹80.0 Lakhs to ₹150.0 Lakhs per year
Barclays Managing Director Salary - ₹41.3 Lakhs to ₹150.0 Lakhs per year
Standard Chartered Managing Director Salary - ₹60.0 Lakhs to ₹100.0 Lakhs per year

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

HDFC Bank Managing Director Salary - ₹32.0 Lakhs to ₹52.0 Lakhs per year

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

The estimated take-home salary of a Managing Director at State Bank of India ranges between ₹2,91,400 per month to ₹3,03,056 per month in India. The take-home salary calculation is based on the average State Bank of India Managing Director salary in India which ranges between ₹10.0 Lakhs to ₹100.0 Lakhs per year for employees with experience between 6 years to 26 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the State Bank of India Managing Directors reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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State Bank of India Managing Director Salaries

State Bank of India Managing Director salary in India ranges between ₹10 Lakhs to ₹1 Crore with an average annual salary of ₹. Salary estimates are based on 4 State Bank of India latest salaries received from various employees of State Bank of India.