State Bank of India Mumbai Wealth Manager Salaries by 7 Employees

6 - 10 years exp.

₹8.3 Lakhs - ₹15 Lakhs

Avg. annual salary

Monthly In-hand Salary

28% more than the average Wealth Manager Salary in Banking Companies for 6 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Wealth Manager Salary 6 - 10 years exp. (5 salaries)	₹8.3 L/yr - ₹12.3 L/yr
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Customer Success, Service & Operations Wealth Manager Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹11 L/yr - ₹15 L/yr

Last Updated: 23 May 2024

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

State Bank of India Wealth Manager Salary

6 - 10 years exp. (7 salaries)

₹8.3 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Wealth Manager Salary 0 - 14 years exp. (182 salaries)	₹4 L/yr - ₹12.4 L/yr 15% less
Bank of Baroda Wealth Manager Salary 4 - 9 years exp. (21 salaries)	₹4.2 L/yr - ₹11.4 L/yr 31% less
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IDFC FIRST Bank Wealth Manager Salary 0 - 10 years exp. (14 salaries)	₹6 L/yr - ₹14 L/yr 9% less
IndusInd Bank Wealth Manager Salary 5 - 13 years exp. (10 salaries)	₹8 L/yr - ₹20.5 L/yr 49% more
HDFC Bank Wealth Manager Salary 0 - 2 years exp. (7 salaries)	₹12 L/yr - ₹20 L/yr 43% more
AU Small Finance Bank Wealth Manager Salary 5 - 8 years exp. (4 salaries)	₹6 L/yr - ₹10 L/yr 26% less
Yes Bank Wealth Manager Salary 7 - 10 years exp. (3 salaries)	₹8 L/yr - ₹12.5 L/yr 17% more
Standard Chartered Wealth Manager Salary 2 - 7 years exp. (3 salaries)	₹11.9 L/yr - ₹16.5 L/yr 50% more
Axis Bank Wealth Manager Salary 3 - 6 years exp. (3 salaries)	₹9 L/yr - ₹13.5 L/yr 16% more

Wealth Manager salary at State Bank of India ranges between ₹8.3 Lakhs to ₹15 Lakhs per year for employees with experience between 6 years to 10 years. Salary estimates are based on 7 latest salaries received from various employees of State Bank of India.

Experience wise State Bank of India Wealth Manager salaries in Mumbai

Last Updated: 23 May 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
7 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
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8 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
9 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
10 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.3 L/yr

Similar Designation salaries in State Bank of India

Chief Manager Salary

(113 salaries)

₹16.21 L/yr - ₹60 L/yr

Deputy Manager Salary

(96 salaries)

₹7.16 L/yr - ₹28 L/yr

Branch Manager Salary

(35 salaries)

₹12 L/yr - ₹37 L/yr

Relationship Manager Salary

(25 salaries)

₹3.5 L/yr - ₹10.83 L/yr

Branch Head Salary

(3 salaries)

₹15 L/yr - ₹30 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 Wealth Manager Salary FAQs

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

The average salary of a Wealth Manager at State Bank of India in Mumbai typically ranges from ₹8.3 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 6 years to 10 years).

The top 10% of Wealth Manager in Mumbai at State Bank of India earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Wealth 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 7 State Bank of India employees in India.

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

The estimated take-home salary of a Wealth Manager at State Bank of India in Mumbai typically ranges from ₹70,001 to ₹71,801 per month. This is based on the average salary range of ₹8.3 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 6 years to 10 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 7 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 Wealth Manager in India?

Standard Chartered	₹11.9 Lakhs to ₹16.5 Lakhs per year
IndusInd Bank	₹8.0 Lakhs to ₹20.5 Lakhs per year
HDFC Bank	₹12.0 Lakhs to ₹20.0 Lakhs per year
Yes Bank	₹8.0 Lakhs to ₹12.5 Lakhs per year
Axis Bank	₹9.0 Lakhs to ₹13.5 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 Wealth Manager in companies similar to State Bank of India in Mumbai?

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

IDFC FIRST Bank	₹6.0 Lakhs to ₹14.0 Lakhs per year
ICICI Bank	₹4.0 Lakhs to ₹12.4 Lakhs per year
AU Small Finance Bank	₹6.0 Lakhs to ₹10.0 Lakhs per year
Bank of Baroda	₹4.2 Lakhs to ₹11.4 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 Wealth Manager at State Bank of India in Mumbai?

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

Experience	Average Salary Range
6 years	₹8.4 Lakhs to ₹10.7 Lakhs per year
7 years	₹8.7 Lakhs to ₹11.1 Lakhs per year
8 years	₹9.0 Lakhs to ₹11.5 Lakhs per year
9 years	₹9.3 Lakhs to ₹11.9 Lakhs per year

and so on.

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State Bank of India Wealth Manager Salaries in Mumbai

State Bank of India Wealth Manager salary in Mumbai ranges between ₹8.3 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 State Bank of India latest salaries received from various employees of State Bank of India.