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State Bank of India Managing Director salaries in India

Annual salary range
6 - 26 years exp.
₹10 Lakhs - ₹1 Crore
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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29% 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
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Standard Chartered Managing Director Salary

14 - 27 years exp. (8 salaries)

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₹60 L/yr - ₹1 Cr/yr

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HDFC Bank Managing Director Salary

2 - 13 years exp. (4 salaries)

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₹32 L/yr - ₹52 L/yr

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Barclays Managing Director Salary

17 - 29 years exp. (4 salaries)

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₹41.3 L/yr - ₹1.5 Cr/yr

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Deutsche Bank Managing Director Salary

9 - 23 years exp. (4 salaries)

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₹80 L/yr - ₹1.6 Cr/yr

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Axis Bank Managing Director Salary

9 - 30 years exp. (3 salaries)

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₹1.5 Cr/yr - ₹3.5 Cr/yr

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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 3 latest salaries received from various employees of State Bank of India.

Latest annual salaries shared by State Bank of India Managing Director

6mo ago
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25 years exp.
1y ago
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6 years exp.

Experience wise State Bank of India Managing Director salaries

Last Updated: 31 Aug 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹9 L/yr - ₹11.5 L/yr
15+ years (AmbitionBox Estimate)

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₹79.1 L/yr - ₹87.4 L/yr

Similar Designation salaries in State Bank of India

Managing Partner Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
Director Salary
(AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr
Proprietor Salary
(3 salaries)
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₹5 L/yr - ₹60.6 L/yr
Management Consultant Salary
(AmbitionBox Estimate)
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₹11.8 L/yr - ₹15.1 L/yr
Owner Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
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₹12 L/yr - ₹20 L/yr
General Manager Salary
(32 salaries)
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₹24.56 L/yr - ₹75 L/yr
Business Head Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.9 L/yr
Self Owner Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
Project Manager Salary
(16 salaries)
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₹7.5 L/yr - ₹27 L/yr

Salary related reviews for State Bank of India

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.

read more
  • Salary - Good
  • +6 more

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.

read more

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.

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Skill development - Bad
  • +3 more

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

read more
  • Salary - Excellent
  • +2 more

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

read more
  • Work satisfaction - Bad
  • +2 more

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

read more
  • Salary - Bad
  • +5 more
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State Bank of India Managing Director Salary FAQs

How the salary growth look like for a Managing Director at State Bank of India in India?
The salary growth for a Managing Director at State Bank of India depends on factors such as experience, performance, and promotions. On average, a Managing Director can expect the following growth trajectory at State Bank of India:

Experience Average Salary Range
6 years ₹9.0 Lakhs to ₹11.5 Lakhs per year
15 years ₹79.1 Lakhs to ₹87.4 Lakhs per year
and so on.

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State Bank of India Managing Director salary in India ranges between ₹10 Lakhs to ₹1 Crore with an average annual salary of ₹unlock blur. Salary estimates are based on 3 State Bank of India latest salaries received from various employees of State Bank of India.