State Bank of India Mumbai Risk Manager Salaries by 4 Employees (Updated 2024)

5 - 11 years exp.

₹18 Lakhs - ₹27 Lakhs

Salary of majority employees

43% more than the average Risk Manager Salary in Banking Companies for 5 - 11 years of experience

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Last Updated: 25 Sep 2024

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

State Bank of India Risk Manager Salary

5 - 11 years exp. (4 salaries)

₹18 L/yr - ₹27 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Risk Manager Salary 1 - 6 years exp. (28 salaries)	₹9.5 L/yr - ₹24 L/yr 19% less
HDFC Bank Risk Manager Salary 1 - 9 years exp. (23 salaries)	₹7.5 L/yr - ₹19.1 L/yr 43% less
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Axis Bank Risk Manager Salary 1 - 17 years exp. (21 salaries)	₹7.2 L/yr - ₹20 L/yr 31% less	1 job opening
Bank of Baroda Risk Manager Salary 7 - 11 years exp. (3 salaries)	₹8 L/yr - ₹20 L/yr 14% less
Union Bank of India Risk Manager Salary 5 - 9 years exp. (8 salaries)	₹10.3 L/yr - ₹18.5 L/yr 29% less
Bank of India Risk Manager Salary 7 - 10 years exp. (3 salaries)	₹15 L/yr - ₹24 L/yr 10% less
IDFC FIRST Bank Risk Manager Salary 0 - 6 years exp. (34 salaries)	₹9 L/yr - ₹24 L/yr 10% less	1 job opening
Yes Bank Risk Manager Salary 1 - 10 years exp. (15 salaries)	₹8.7 L/yr - ₹16.7 L/yr 39% less
Central Bank of India Risk Manager Salary 3 - 11 years exp. (11 salaries)	₹12 L/yr - ₹18.4 L/yr 21% less
Kotak Mahindra Bank Risk Manager Salary 1 - 11 years exp. (11 salaries)	₹6.4 L/yr - ₹10.8 L/yr 58% less

Risk Manager salary at State Bank of India ranges between ₹18 Lakhs to ₹27 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Risk Manager salaries in Mumbai

Last Updated: 25 Sep 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹18 L/yr
6 years (AmbitionBox Estimate)	₹16.8 L/yr - ₹21.5 L/yr
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7 years (AmbitionBox Estimate)	₹17.7 L/yr - ₹22.6 L/yr
8 years (AmbitionBox Estimate)	₹18.5 L/yr - ₹23.6 L/yr
9 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹27 L/yr
10 years (AmbitionBox Estimate)	₹20.1 L/yr - ₹25.7 L/yr
11 years (AmbitionBox Estimate)	₹22 L/yr - ₹41.8 L/yr

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Similar Designation salaries in State Bank of India

Deputy Manager Salary

(94 salaries)

₹7.14 L/yr - ₹27 L/yr

Auditor Salary

(3 salaries)

₹2.4 L/yr - ₹2.5 L/yr

Accountant Salary

(3 salaries)

₹1.25 L/yr - ₹6 L/yr

Salary related reviews for State Bank of India

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.

Deputy Manager in Mumbai

Full Time

Data Science & Analytics Department

3.0

• posted on 27 Jul 2023

1.0

for Salary and Benefits

Likes

State Bank of India is still working like traditional banker and since it is largest bank it takes too much time to see any rapid changes which is need of the hour.

Dislikes

Salary is way below and the transfer and promotion policies are very opaque

see more salary related reviews

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Salary Discussions, Hike & Promotions

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 Risk Manager Salary FAQs

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

Risk Manager salary at State Bank of India in Mumbai ranges between ₹18.0 Lakhs to ₹27.0 Lakhs for experience between 5 years to 11 years. According to our estimates it is 43% more than the average Risk Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of State Bank of India Mumbai.

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

The average salary of a Risk Manager at State Bank of India is 43% more than the average salary of a Risk Manager in Mumbai. To know exact salary insights, login to view.

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

IDFC FIRST Bank Risk Manager Salary - ₹9.0 Lakhs to ₹24.0 Lakhs per year
Bank of India Risk Manager Salary - ₹15.0 Lakhs to ₹24.0 Lakhs per year
Bank of Baroda Risk Manager Salary - ₹8.0 Lakhs to ₹20.0 Lakhs per year
ICICI Bank Risk Manager Salary - ₹9.5 Lakhs to ₹24.0 Lakhs per year
Central Bank of India Risk Manager Salary - ₹12.0 Lakhs to ₹18.4 Lakhs per year

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

The estimated take-home salary of a Risk Manager at State Bank of India ranges between ₹1,32,084 per month to ₹1,36,919 per month in Mumbai. The take-home salary calculation is based on the average State Bank of India Risk Manager salary in India which ranges between ₹18.0 Lakhs to ₹27.0 Lakhs per year for employees with experience between 5 years to 11 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the State Bank of India Risk Managers in Mumbai reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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State Bank of India Risk Manager Salaries in Mumbai

State Bank of India Risk Manager salary in Mumbai ranges between ₹18 Lakhs to ₹27 Lakhs 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.