State Bank of India Mumbai Senior Manager Salaries by 20+ Employees (Updated 2025)

7 - 15 years exp.

₹9 Lakhs - ₹35 Lakhs

Salary of majority employees

At par with the average Senior Manager Salary in Banking Companies for 7 - 15 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 10 - 15 years exp. (12 salaries)	₹13.1 L/yr - ₹35 L/yr
Product Management Senior Manager Salary 9 - 12 years exp. (AmbitionBox Estimate)	₹14.5 L/yr - ₹29 L/yr
Login to view exact salary
Project & Program Management Senior Manager Salary 7 - 12 years exp. (AmbitionBox Estimate)	₹21.5 L/yr - ₹26 L/yr

Last Updated: 5 Oct 2024

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

State Bank of India Senior Manager Salary

7 - 15 years exp. (20 salaries)

₹9 L/yr - ₹35 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Senior Manager Salary 1 - 20 years exp. (646 salaries)	₹9.3 L/yr - ₹26 L/yr 20% less
HDFC Bank Senior Manager Salary 4 - 21 years exp. (2.3k salaries)	₹8 L/yr - ₹29 L/yr 25% less
Login to view exact salary
Axis Bank Senior Manager Salary 2 - 21 years exp. (2k salaries)	₹8.9 L/yr - ₹27.1 L/yr 20% less	1 job opening
Punjab National Bank Senior Manager Salary 7 - 13 years exp. (26 salaries)	₹11.2 L/yr - ₹36 L/yr 1% more
Bank of Baroda Senior Manager Salary 8 - 16 years exp. (93 salaries)	₹11.7 L/yr - ₹33 L/yr 4% more
Canara Bank Senior Manager Salary 8 - 14 years exp. (21 salaries)	₹12 L/yr - ₹28 L/yr 3% more
Union Bank of India Senior Manager Salary 8 - 15 years exp. (87 salaries)	₹9.2 L/yr - ₹33 L/yr 1% less
Kotak Mahindra Bank Senior Manager Salary 1 - 18 years exp. (1.3k salaries)	₹6.5 L/yr - ₹23.5 L/yr 38% less
IndusInd Bank Senior Manager Salary 6 - 18 years exp. (127 salaries)	₹5.3 L/yr - ₹20 L/yr 44% less	2 job openings
Yes Bank Senior Manager Salary 2 - 19 years exp. (983 salaries)	₹6.5 L/yr - ₹22 L/yr 40% less
Federal Bank Senior Manager Salary 6 - 15 years exp. (45 salaries)	₹12 L/yr - ₹29.5 L/yr 6% more
Login to view exact salary
Bank of India Senior Manager Salary 8 - 14 years exp. (26 salaries)	₹11.3 L/yr - ₹30 L/yr 5% less
Central Bank of India Senior Manager Salary 8 - 12 years exp. (20 salaries)	₹12.1 L/yr - ₹25 L/yr 13% less
SBI Mutual Fund Senior Manager Salary 8 - 15 years exp. (25 salaries)	₹8.5 L/yr - ₹27 L/yr 8% less	2 job openings
SBI Cards & Payment Services Senior Manager Salary 8 - 15 years exp. (8 salaries)	₹12 L/yr - ₹22 L/yr 15% less	8 job openings
General Insurance Corporation of India Senior Manager Salary 10 - 15 years exp. (9 salaries)	₹22 L/yr - ₹50 L/yr 35% more
TCS Senior Manager Salary 10 - 23 years exp. (206 salaries)	₹12 L/yr - ₹40 L/yr 12% more
Wipro Senior Manager Salary 10 - 22 years exp. (52 salaries)	₹15 L/yr - ₹42 L/yr 38% more	1 job opening
Accenture Senior Manager Salary 11 - 25 years exp. (187 salaries)	₹20 L/yr - ₹72.8 L/yr 111% more	102 job openings
IBM Senior Manager Salary 12 - 20 years exp. (9 salaries)	₹17 L/yr - ₹45 L/yr 31% more	1 job opening

View all

Senior Manager salary at State Bank of India ranges between ₹9 Lakhs to ₹35 Lakhs per year for employees with experience between 7 years to 15 years. Salary estimates are based on 20 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Senior Manager salaries in Mumbai

Last Updated: 5 Oct 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹26 L/yr
8 years (AmbitionBox Estimate)	₹18 L/yr - ₹38.5 L/yr
Login to view exact salary
9 years (AmbitionBox Estimate)	₹9 L/yr - ₹38.9 L/yr
10 years (3 salaries)	₹13.1 L/yr - ₹35 L/yr
11 years (3 salaries)	₹13.1 L/yr - ₹27 L/yr
12 years (5 salaries)	₹15.7 L/yr - ₹29 L/yr
13 years (3 salaries)	₹9 L/yr - ₹32 L/yr
14 years (AmbitionBox Estimate)	₹20.5 L/yr - ₹26.1 L/yr
15+ years (AmbitionBox Estimate)	₹9.2 L/yr - ₹34 L/yr

View all

Similar Designation salaries in State Bank of India

Deputy Manager Salary

(87 salaries)

₹7.09 L/yr - ₹28 L/yr

Branch Manager Salary

(31 salaries)

₹12 L/yr - ₹28 L/yr

Regional Manager Salary

(5 salaries)

₹30 L/yr - ₹50 L/yr

Marketing Manager Salary

(4 salaries)

₹1 L/yr - ₹5.63 L/yr

Salary related reviews for State Bank of India

4.0

Rated by 1 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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

Got a question about State Bank of India?

Ask anonymously on communities.

State Bank of India Senior Manager Salary FAQs

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

Senior Manager salary at State Bank of India in Mumbai ranges between ₹9.0 Lakhs to ₹35.0 Lakhs for experience between 7 years to 15 years. According to our estimates it is 3% more than the average Senior Manager Salary in India. Salary estimates are based on 20 latest salaries received from various employees of State Bank of India Mumbai.

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

The average salary of a Senior Manager at State Bank of India is 3% more than the average salary of a Senior Manager in Mumbai. To know exact salary insights, login to view.

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

Accenture Senior Manager Salary - ₹20.0 Lakhs to ₹72.8 Lakhs per year
Deloitte Senior Manager Salary - ₹20.0 Lakhs to ₹75.8 Lakhs per year
Bank of America Senior Manager Salary - ₹20.0 Lakhs to ₹45.0 Lakhs per year
Wipro Senior Manager Salary - ₹15.0 Lakhs to ₹42.0 Lakhs per year
General Insurance Corporation of India Senior Manager Salary - ₹22.0 Lakhs to ₹50.0 Lakhs per year

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

IBM Senior Manager Salary - ₹17.0 Lakhs to ₹45.0 Lakhs per year
Capgemini Senior Manager Salary - ₹12.0 Lakhs to ₹40.0 Lakhs per year
Standard Chartered Senior Manager Salary - ₹10.6 Lakhs to ₹44.0 Lakhs per year
TCS Senior Manager Salary - ₹12.0 Lakhs to ₹40.0 Lakhs per year
Federal Bank Senior Manager Salary - ₹12.0 Lakhs to ₹29.5 Lakhs per year

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

The estimated take-home salary of a Senior Manager at State Bank of India ranges between ₹1,41,527 per month to ₹1,46,789 per month in Mumbai. The take-home salary calculation is based on the average State Bank of India Senior Manager salary in India which ranges between ₹9.0 Lakhs to ₹35.0 Lakhs per year for employees with experience between 7 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 in Mumbai?

According to AmbitionBox, 71% of the State Bank of India Senior Managers in Mumbai reported a notice period of 3 Months, 22% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
State Bank of India Salaries >
State Bank of India Senior Manager Salaries >
State Bank of India Senior Manager Salaries in Mumbai

State Bank of India Senior Manager salary in Mumbai ranges between ₹9 Lakhs to ₹35 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 State Bank of India latest salaries received from various employees of State Bank of India.