State Bank of India Chennai Senior Manager Salaries by 5 Employees (Updated 2025)

8 - 15 years exp.

₹15 Lakhs - ₹34 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Senior Manager Salary in Banking Companies for 8 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 8 - 14 years exp. (3 salaries)	₹15 L/yr - ₹34 L/yr
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Sales & Business Development Senior Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹20.9 L/yr - ₹26 L/yr

Last Updated: 13 Jan 2025

Companies similar to State Bank of India for Senior Manager in Chennai

State Bank of India Senior Manager Salary

8 - 15 years exp. (5 salaries)

₹15 L/yr - ₹34 L/yr

Company name	Avg Annual Salary	Open Jobs
Standard Chartered Senior Manager Salary 7 - 22 years exp. (722 salaries)	₹13.2 L/yr - ₹44 L/yr 25% more
HDFC Bank Senior Manager Salary 3 - 21 years exp. (465 salaries)	₹6 L/yr - ₹24 L/yr 36% less	1 job opening
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Axis Bank Senior Manager Salary 4 - 21 years exp. (249 salaries)	₹7.6 L/yr - ₹24.5 L/yr 27% less	2 job openings
Yes Bank Senior Manager Salary 2 - 18 years exp. (174 salaries)	₹7.2 L/yr - ₹20 L/yr 46% less	1 job opening
Kotak Mahindra Bank Senior Manager Salary 3 - 18 years exp. (142 salaries)	₹5.2 L/yr - ₹21.5 L/yr 45% less
IDFC FIRST Bank Senior Manager Salary 3 - 18 years exp. (66 salaries)	₹5.8 L/yr - ₹19.2 L/yr 40% less
ICICI Bank Senior Manager Salary 2 - 19 years exp. (51 salaries)	₹8 L/yr - ₹24 L/yr 24% less
Indian Overseas Bank Senior Manager Salary 8 - 18 years exp. (34 salaries)	₹9 L/yr - ₹27.5 L/yr 2% less
Bank of America Senior Manager Salary 10 - 18 years exp. (34 salaries)	₹20 L/yr - ₹36 L/yr 36% more	2 job openings
Indian Bank Senior Manager Salary 8 - 15 years exp. (34 salaries)	₹12 L/yr - ₹26 L/yr At par
IndusInd Bank Senior Manager Salary 7 - 18 years exp. (33 salaries)	₹6 L/yr - ₹16 L/yr 46% less	7 job openings
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Union Bank of India Senior Manager Salary 9 - 15 years exp. (13 salaries)	₹10 L/yr - ₹25 L/yr 7% less
Canara Bank Senior Manager Salary 8 - 15 years exp. (9 salaries)	₹14.5 L/yr - ₹26 L/yr 1% more
Punjab National Bank Senior Manager Salary 7 - 11 years exp. (6 salaries)	₹10 L/yr - ₹22 L/yr 11% less
Central Bank of India Senior Manager Salary 8 - 9 years exp. (4 salaries)	₹13 L/yr - ₹24 L/yr 12% less
Barclays Senior Manager Salary 9 - 20 years exp. (4 salaries)	₹14 L/yr - ₹33.5 L/yr At par
Bank of India Senior Manager Salary 10 - 13 years exp. (4 salaries)	₹15.5 L/yr - ₹24 L/yr 1% less
Deutsche Bank Senior Manager Salary 10 - 16 years exp. (4 salaries)	₹12 L/yr - ₹16.5 L/yr 25% less

Senior Manager salary at State Bank of India ranges between ₹15 Lakhs to ₹34 Lakhs per year for employees with experience between 8 years to 15 years. Salary estimates are based on 5 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Senior Manager salaries in Chennai

Last Updated: 13 Jan 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹19 L/yr - ₹24.3 L/yr
9 years (AmbitionBox Estimate)	₹19.2 L/yr - ₹24.5 L/yr
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10 years (AmbitionBox Estimate)	₹19.4 L/yr - ₹24.8 L/yr
11 years (AmbitionBox Estimate)	₹19.6 L/yr - ₹25.1 L/yr
12 years (AmbitionBox Estimate)	₹19.8 L/yr - ₹25.3 L/yr
13 years (AmbitionBox Estimate)	₹20 L/yr - ₹25.6 L/yr
14 years (AmbitionBox Estimate)	₹20.2 L/yr - ₹25.8 L/yr
15+ years (AmbitionBox Estimate)	₹20.4 L/yr - ₹26.1 L/yr

View all

Similar Designation salaries in State Bank of India

Deputy Manager Salary

(50 salaries)

₹8 L/yr - ₹25 L/yr

Branch Manager Salary

(21 salaries)

₹9.98 L/yr - ₹27 L/yr

Salary related reviews for State Bank of India

Deputy Manager in Chennai

Full Time

Finance & Accounting Department

4.0

• posted on 20 Mar 2025

4.0

for Salary and Benefits

Likes

...ly banker to every Indian. One gain experience in handling all kind of customer. Good Salary package compared to any other banking and financial institutions. Respect and status is incomparable. Tough but worth for career oriented candidates.

Salary - Good

+4 more

Dislikes

Challenges before a women employee and men is not the same in our society. Not every family support working women. To spread their wings and fulfill their dreams they faces many many hurdles. We cannot have rigid and common transfer policy for everyone. I have seen many women employee resigning due to this reason including me. Having work life balance is difficult for officer particularly.

Work-life balance - Bad

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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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State Bank of India Senior Manager Salary FAQs

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

The average salary of a Senior Manager at State Bank of India in Chennai typically ranges from ₹15.0 Lakhs to ₹34.0 Lakhs per year, depending on experience (from 8 years to 15 years).

The top 10% of Senior Manager in Chennai at State Bank of India earn more than ₹34.0 Lakhs per year, and the top 1% earn over ₹34.0 Lakhs per year. Senior Manager Salaries at State Bank of India can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 5 State Bank of India employees in India.

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

The estimated take-home salary of a Senior Manager at State Bank of India in Chennai typically ranges from ₹1,40,056 to ₹1,45,252 per month. This is based on the average salary range of ₹15.0 Lakhs to ₹34.0 Lakhs per year for employees with experience ranging from 8 years to 15 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of State Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than State Bank of India for Senior Manager in India?

Bank of America	₹20.0 Lakhs to ₹36.0 Lakhs per year
Standard Chartered	₹13.2 Lakhs to ₹44.0 Lakhs per year
Canara Bank	₹14.5 Lakhs to ₹26.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by State Bank of India, depending on the role and experience level.

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

The salary of a Senior Manager at companies similar to State Bank of India in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Barclays	₹14.0 Lakhs to ₹33.5 Lakhs per year
Indian Bank	₹12.0 Lakhs to ₹26.0 Lakhs per year
Bank of India	₹15.5 Lakhs to ₹24.0 Lakhs per year
Indian Overseas Bank	₹9.0 Lakhs to ₹27.5 Lakhs per year
Union Bank of India	₹10.0 Lakhs to ₹25.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Senior Manager at State Bank of India in Chennai?

The salary growth for a Senior Manager at State Bank of India in Chennai depends on factors such as experience, performance, and promotions. On average, a Senior Manager in Chennai can expect the following growth trajectory at State Bank of India:

Experience	Average Salary Range
8 years	₹19.0 Lakhs to ₹24.3 Lakhs per year
9 years	₹19.2 Lakhs to ₹24.5 Lakhs per year
10 years	₹19.4 Lakhs to ₹24.8 Lakhs per year
11 years	₹19.6 Lakhs to ₹25.1 Lakhs per year

and so on.

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State Bank of India Senior Manager Salaries in Chennai

State Bank of India Senior Manager salary in Chennai ranges between ₹15 Lakhs to ₹34 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 State Bank of India latest salaries received from various employees of State Bank of India.