State Bank of India Senior Manager Salaries by 70+ Employees (Updated 2025)

5 - 15 years exp.

₹8.9 Lakhs - ₹35 Lakhs

Salary of majority employees

5% less than the average Senior Manager Salary in Banking Companies for 5 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 7 - 15 years exp. (35 salaries)	₹12 L/yr - ₹35 L/yr
Finance & Accounting Senior Manager Salary 6 - 11 years exp. (6 salaries)	₹12 L/yr - ₹26 L/yr
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Product Management Senior Manager Salary 9 - 12 years exp. (3 salaries)	₹14.5 L/yr - ₹30 L/yr
Customer Success, Service & Operations Senior Manager Salary 10 - 12 years exp. (AmbitionBox Estimate)	₹14 L/yr - ₹26 L/yr
Project & Program Management Senior Manager Salary 7 - 12 years exp. (AmbitionBox Estimate)	₹19.9 L/yr - ₹26 L/yr

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Last Updated: 22 Jan 2025

Companies similar to State Bank of India for Senior Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Senior Manager Salary 1 - 19 years exp. (1.6k salaries)	₹8.5 L/yr - ₹28.9 L/yr 17% less
HDFC Bank Senior Manager Salary 4 - 21 years exp. (6.1k salaries)	₹8 L/yr - ₹24 L/yr 27% less
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Axis Bank Senior Manager Salary 2 - 21 years exp. (5.2k salaries)	₹8 L/yr - ₹28 L/yr 22% less	2 job openings
Punjab National Bank Senior Manager Salary 7 - 15 years exp. (220 salaries)	₹8.6 L/yr - ₹35 L/yr 1% less
Bank of Baroda Senior Manager Salary 8 - 16 years exp. (368 salaries)	₹9.5 L/yr - ₹37 L/yr 3% more
Canara Bank Senior Manager Salary 8 - 14 years exp. (358 salaries)	₹11 L/yr - ₹30 L/yr 3% more
Union Bank of India Senior Manager Salary 8 - 15 years exp. (236 salaries)	₹9 L/yr - ₹32 L/yr 1% less
IDBI Bank Senior Manager Salary 6 - 14 years exp. (5 salaries)	₹10.1 L/yr - ₹22 L/yr 22% less
Kotak Mahindra Bank Senior Manager Salary 1 - 19 years exp. (3.5k salaries)	₹5.3 L/yr - ₹19.1 L/yr 39% less
IndusInd Bank Senior Manager Salary 6 - 18 years exp. (355 salaries)	₹5.3 L/yr - ₹20 L/yr 42% less
Yes Bank Senior Manager Salary 2 - 18 years exp. (2.4k salaries)	₹6.3 L/yr - ₹22.3 L/yr 40% less
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Federal Bank Senior Manager Salary 6 - 14 years exp. (183 salaries)	₹9.6 L/yr - ₹30 L/yr 15% more
Bank of India Senior Manager Salary 9 - 13 years exp. (131 salaries)	₹11 L/yr - ₹30 L/yr 5% less
Central Bank of India Senior Manager Salary 7 - 12 years exp. (90 salaries)	₹11 L/yr - ₹25 L/yr 8% less
Indian Overseas Bank Senior Manager Salary 8 - 18 years exp. (101 salaries)	₹9 L/yr - ₹30 L/yr 5% less
SBI Mutual Fund Senior Manager Salary 8 - 15 years exp. (38 salaries)	₹7.3 L/yr - ₹28 L/yr 11% less
SBI Cards & Payment Services Senior Manager Salary 10 - 18 years exp. (227 salaries)	₹10 L/yr - ₹27 L/yr 8% less	6 job openings
Reserve Bank of India Senior Manager Salary 13 - 16 years exp. (3 salaries)	₹25 L/yr - ₹32 L/yr 39% more
Life Insurance Corporation of India Senior Manager Salary 7 - 31 years exp. (7 salaries)	₹4.2 L/yr - ₹24 L/yr 34% less
General Insurance Corporation of India Senior Manager Salary 10 - 15 years exp. (12 salaries)	₹22 L/yr - ₹50 L/yr 42% more

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Senior Manager salary at State Bank of India ranges between ₹8.9 Lakhs to ₹35 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 72 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Senior Manager salaries

Last Updated: 22 Jan 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹10 L/yr - ₹35.1 L/yr
6 years (3 salaries)	₹15 L/yr - ₹26 L/yr
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7 years (AmbitionBox Estimate)	₹8 L/yr - ₹26 L/yr
8 years (8 salaries)	₹15 L/yr - ₹34 L/yr
9 years (7 salaries)	₹9 L/yr - ₹30 L/yr
10 years (15 salaries)	₹9 L/yr - ₹35 L/yr
11 years (10 salaries)	₹12 L/yr - ₹27 L/yr
12 years (7 salaries)	₹15.7 L/yr - ₹29 L/yr
13 years (8 salaries)	₹13 L/yr - ₹32 L/yr
14 years (7 salaries)	₹13 L/yr - ₹30 L/yr
15+ years (4 salaries)	₹8.7 L/yr - ₹34 L/yr

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Similar Designation salaries in State Bank of India

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(3 salaries)

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₹21 L/yr - ₹50 L/yr

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Territory Manager Salary

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Sales Manager Salary

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₹2 L/yr - ₹5 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹8.1 L/yr - ₹10.4 L/yr

Branch Manager Salary

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₹9 L/yr - ₹33.4 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹8 L/yr - ₹10.2 L/yr

Marketing Manager Salary

(8 salaries)

₹1 L/yr - ₹6.65 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹7.3 L/yr - ₹9.3 L/yr

Salary related reviews for State Bank of India

3.1

Rated by 14 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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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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State Bank of India Senior Manager Salary FAQs

What is the salary of Senior Manager at State Bank of India?

Senior Manager salary at State Bank of India in India ranges between ₹8.9 Lakhs to ₹35.0 Lakhs for experience between 5 years to 15 years. According to our estimates it is 5% less than the average Senior Manager Salary in India. Salary estimates are based on 72 latest salaries received from various employees of State Bank of India India.

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

The average salary of a Senior Manager at State Bank of India is 5% less than the average salary of a Senior Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than State Bank of India to a Senior Manager in India?

Deloitte Senior Manager Salary - ₹23.0 Lakhs to ₹75.0 Lakhs per year
Accenture Senior Manager Salary - ₹19.0 Lakhs to ₹75.0 Lakhs per year
Wipro Senior Manager Salary - ₹15.0 Lakhs to ₹50.0 Lakhs per year
General Insurance Corporation of India Senior Manager Salary - ₹22.0 Lakhs to ₹50.0 Lakhs per year
IBM Senior Manager Salary - ₹12.0 Lakhs to ₹51.0 Lakhs per year

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

Reserve Bank of India Senior Manager Salary - ₹25.0 Lakhs to ₹32.0 Lakhs per year
Infosys Senior Manager Salary - ₹13.8 Lakhs to ₹51.0 Lakhs per year
Standard Chartered Senior Manager Salary - ₹13.4 Lakhs to ₹46.1 Lakhs per year
Capgemini Senior Manager Salary - ₹11.5 Lakhs to ₹43.5 Lakhs per year
TCS Senior Manager Salary - ₹11.0 Lakhs to ₹41.0 Lakhs per year

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

The estimated take-home salary of a Senior Manager at State Bank of India ranges between ₹1,35,069 per month to ₹1,40,040 per month in India. The take-home salary calculation is based on the average State Bank of India Senior Manager salary in India which ranges between ₹8.9 Lakhs to ₹35.0 Lakhs per year for employees with experience between 5 years to 15 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 64% of the State Bank of India Senior Managers reported a notice period of 3 Months, 15% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 39 responses on AmbitionBox in last 2 years.

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State Bank of India Senior Manager Salaries

State Bank of India Senior Manager salary in India ranges between ₹8.9 Lakhs to ₹35 Lakhs with an average annual salary of ₹. Salary estimates are based on 72 State Bank of India latest salaries received from various employees of State Bank of India.

State Bank of India Senior Manager salaries in India (Updated 2025)

Companies similar to State Bank of India for Senior Manager

Latest annual salaries shared by State Bank of India Senior Manager

Experience wise State Bank of India Senior Manager salaries

Similar Designation salaries in State Bank of India

Salary related reviews for State Bank of India

Deputy Manager in Bokaro

Deputy Manager in Mumbai

Deputy Manager in Mumbai

Deputy Manager in New Delhi

Branch Manager in Mumbai

State Bank of India Senior Manager Salary FAQs

Tell us how to improve this page.

State Bank of India Senior Manager Salaries by Location