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Sumitomo Mitsui Banking Corporation Associate salaries in India (Updated 2025)

Annual salary range
0 - 11 years exp.
₹7 Lakhs - ₹14 Lakhs
Salary of majority employees
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21% more than the average Associate Salary in Financial Services Companies for 0 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Associate Salary
2 - 6 years exp. (3 salaries)
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₹8.2 L/yr - ₹10 L/yr

Customer Success, Service & Operations
Associate Salary
0 - 8 years exp. (3 salaries)
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₹10 L/yr - ₹10.8 L/yr

Risk Management & Compliance
Associate Salary
10 - 11 years exp. (AmbitionBox Estimate)
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₹8.9 L/yr - ₹10 L/yr

Last Updated: 26 Jan 2025

Companies similar to Sumitomo Mitsui Banking Corporation for Associate

Company name Avg Annual Salary Open Jobs
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JPMorgan Chase & Co. Associate Salary

1 - 17 years exp. (10.3k salaries)

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₹10 L/yr - ₹42 L/yr

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57 job openings
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Morgan Stanley Associate Salary

0 - 11 years exp. (3.2k salaries)

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₹5.2 L/yr - ₹21 L/yr

arrow icon 31% more
1 job opening
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State Street Corporation Associate Salary

0 - 5 years exp. (1.5k salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 55% less
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BNP Paribas Associate Salary

0 - 5 years exp. (832 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 47% less
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Wells Fargo Associate Salary

0 - 9 years exp. (291 salaries)

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₹2.7 L/yr - ₹13 L/yr

arrow icon 17% less
5 job openings
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Marsh McLennan Associate Salary

0 - 5 years exp. (220 salaries)

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₹1.8 L/yr - ₹4.8 L/yr

arrow icon 67% less
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Citicorp Associate Salary

0 - 10 years exp. (175 salaries)

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₹11 L/yr - ₹25.8 L/yr

arrow icon 65% more
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UBS Associate Salary

1 - 10 years exp. (126 salaries)

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₹6.5 L/yr - ₹21.5 L/yr

arrow icon 36% more
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Morningstar Associate Salary

0 - 2 years exp. (98 salaries)

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₹3.3 L/yr - ₹6.5 L/yr

arrow icon 49% less
2 job openings
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American Express Associate Salary

0 - 5 years exp. (44 salaries)

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₹11.3 L/yr - ₹12.4 L/yr

arrow icon 28% more
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₹18 L/yr - ₹42 L/yr

arrow icon 191% more
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₹6.2 L/yr - ₹22 L/yr

arrow icon 47% more
3 job openings
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DTCC Associate Salary

2 - 10 years exp. (19 salaries)

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₹6.8 L/yr - ₹18.6 L/yr

arrow icon 21% more
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FactSet Associate Salary

0 - 5 years exp. (18 salaries)

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₹3 L/yr - ₹10.4 L/yr

arrow icon 38% less
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Synchrony Associate Salary

0 - 4 years exp. (17 salaries)

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₹2.2 L/yr - ₹5.5 L/yr

arrow icon 57% less
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Aon Associate Salary

0 - 4 years exp. (11 salaries)

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₹1.8 L/yr - ₹8.8 L/yr

arrow icon 53% less
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ICE Data Services Associate Salary

1 - 5 years exp. (9 salaries)

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₹4.5 L/yr - ₹8.2 L/yr

arrow icon 22% less
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Duff & Phelps Associate Salary

3 - 5 years exp. (5 salaries)

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₹12 L/yr - ₹17 L/yr

arrow icon 62% more
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Go-Jek Associate Salary

0 - 7 years exp. (3 salaries)

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₹19.6 L/yr - ₹40 L/yr

arrow icon 187% more
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Computershare Associate Salary

0 - 2 years exp. (3 salaries)

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₹2.5 L/yr - ₹7 L/yr

arrow icon 52% less
Associate salary at Sumitomo Mitsui Banking Corporation ranges between ₹7 Lakhs to ₹14 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 11 latest salaries received from various employees of Sumitomo Mitsui Banking Corporation.

Latest annual salaries shared by Sumitomo Mitsui Banking Corporation Associate

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Experience wise Sumitomo Mitsui Banking Corporation Associate salaries

Last Updated: 26 Jan 2025

Experience Avg Annual Salary
Fresher  (3 salaries)

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₹7 L/yr - ₹10 L/yr
1 year (AmbitionBox Estimate)

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₹7.9 L/yr - ₹10.1 L/yr
2 years (AmbitionBox Estimate)

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₹8.2 L/yr - ₹15.9 L/yr
3 years (AmbitionBox Estimate)

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₹8.1 L/yr - ₹10.3 L/yr
4 years (AmbitionBox Estimate)

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₹8.2 L/yr - ₹10.4 L/yr
View all

Similar Designation salaries in Sumitomo Mitsui Banking Corporation

Team Lead Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
Senior Consultant Salary
(AmbitionBox Estimate)
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₹13.1 L/yr - ₹16.7 L/yr
Programmer Analyst Salary
(AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr

Salary related reviews for Sumitomo Mitsui Banking Corporation

Full Time

 · 

Human Resources Department

1.0
  •  posted on 27 Nov 2023

1.0
 for  Salary and Benefits

Likes

Nice office infrastructure

Dislikes

... Deep micro management Suffocates employees which is why having high attrition Very low salaries as per mkt Manager ask to work on sat sun compulsory

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Other Department

2.0
  •  posted on 09 Nov 2023

2.0
 for  Salary and Benefits

Likes

1. Job security - good place for people who don't want to do anything. You can sit, and enjoy free salary. 2. Training on how to massage people's ego

read more
  • Job security - Excellent

Dislikes

1. No Growth opportunities 2. Technical handicap processes 3. Office politics 4. Few Indians making this Lalaji ki dukaan instead of Japanese MNC

read more
  • Salary - Poor
  • +3 more

Full Time

 · 

Finance & Accounting Department

2.0
  •  posted on 05 Feb 2023

2.0
 for  Salary and Benefits

Likes

Good learning opportunity for most of the part .

Dislikes

No specified working hour . Staff shortage lead to over burden on employee no additional compensation . TL will call you on you date off/ even on block leave .

read more
  • Salary - Poor
  • +5 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 13 Apr 2019

3.0
 for  Salary and Benefits

Likes

Steady business and moderate work pressure. Work-Life balance. variable compensation is high even for support groups. Job security even if one doesn't perform.

read more
  • Job security - Excellent
  • +1 more

Dislikes

Compensation not bench marked to performance. Performance is measured by hours in office not per-se the output. Low mobility. High office politics. You should be lucky if you get to work under strong leadership.

read more
  • Promotions - Poor
  • +1 more

Corporate Banking Department

1.0
  •  posted on 03 Aug 2022

2.0
 for  Salary and Benefits

Likes

Not much to like. Still following hybrid work policy so thats a positive.

  • Job security - Good
  • +1 more

Dislikes

...ted as 2nd class citizens. 2. Bureaucratic 3. No learning/ skill development 4. Poor salary hikes and appraisals 5. No transparency/ accountability

read more
  • Salary - Poor
  • +4 more
see more salary related reviews

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Sumitomo Mitsui Banking Corporation Associate Salary FAQs

What is the salary of Associate at Sumitomo Mitsui Banking Corporation ?
The average salary of a Associate at Sumitomo Mitsui Banking Corporation in India typically ranges from ₹7.0 Lakhs to ₹14.0 Lakhs per year, depending on experience (from Fresher to 11 years).

The top 10% of Associate at Sumitomo Mitsui Banking Corporation earn more than ₹12.1 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Associate Salaries at Sumitomo Mitsui Banking Corporation 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 10+ Sumitomo Mitsui Banking Corporation employees in India.
What is the estimated take home salary of a Associate at Sumitomo Mitsui Banking Corporation in India?
The estimated take-home salary of a Associate at Sumitomo Mitsui Banking Corporation in India typically ranges from ₹67,116 to ₹68,834 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from Fresher to 11 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 10+ salaries received from various employees of Sumitomo Mitsui Banking Corporation. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Sumitomo Mitsui Banking Corporation for Associate in India?
Nomura Structured Finance Services ₹18.0 Lakhs to ₹42.0 Lakhs per year
Go-Jek ₹19.6 Lakhs to ₹40.0 Lakhs per year
JPMorgan Chase & Co. ₹10.0 Lakhs to ₹42.0 Lakhs per year
Citicorp ₹11.0 Lakhs to ₹25.8 Lakhs per year
Duff & Phelps ₹12.0 Lakhs to ₹17.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Sumitomo Mitsui Banking Corporation, depending on the role and experience level.
What is the salary of a Associate in companies similar to Sumitomo Mitsui Banking Corporation in India?
The salary of a Associate at companies similar to Sumitomo Mitsui Banking Corporation in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Northern Trust Operating Services ₹6.2 Lakhs to ₹22.0 Lakhs per year
UBS ₹6.5 Lakhs to ₹21.5 Lakhs per year
Morgan Stanley ₹5.2 Lakhs to ₹21.0 Lakhs per year
American Express ₹11.3 Lakhs to ₹12.4 Lakhs per year
DTCC ₹6.8 Lakhs to ₹18.6 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 Associate at Sumitomo Mitsui Banking Corporation in India?
The salary growth for a Associate at Sumitomo Mitsui Banking Corporation depends on factors such as experience, performance, and promotions. On average, a Associate can expect the following growth trajectory at Sumitomo Mitsui Banking Corporation:

Experience Average Salary Range
Fresher ₹7.0 Lakhs to ₹10.0 Lakhs per year
1 year ₹7.9 Lakhs to ₹10.1 Lakhs per year
2 years ₹8.2 Lakhs to ₹15.9 Lakhs per year
3 years ₹8.1 Lakhs to ₹10.3 Lakhs per year
and so on.

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Sumitomo Mitsui Banking Corporation Associate salary in India ranges between ₹7 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 11 Sumitomo Mitsui Banking Corporation latest salaries received from various employees of Sumitomo Mitsui Banking Corporation.