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Sumitomo Mitsui Banking Corporation Associate Vice President salaries in Mumbai

Annual salary range
6 - 8 years exp.
₹25 Lakhs - ₹29.4 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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8% less than the average Associate Vice President Salary in Financial Services Companies for 6 - 8 years of experience

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Last Updated: 25 Oct 2023

Companies similar to Sumitomo Mitsui Banking Corporation for Associate Vice President in Mumbai

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Sumitomo Mitsui Banking Corporation Associate Vice President Salary

6 - 8 years exp. (4 salaries)

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₹25 L/yr - ₹29.4 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹14 L/yr - ₹40.2 L/yr

arrow icon 4% more
1 job opening
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UBS Associate Vice President Salary

8 - 17 years exp. (90 salaries)

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₹17.2 L/yr - ₹45 L/yr

arrow icon 8% more
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Citicorp Associate Vice President Salary

8 - 17 years exp. (89 salaries)

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₹19.4 L/yr - ₹45 L/yr

arrow icon 23% more
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Morgan Stanley Associate Vice President Salary

8 - 13 years exp. (48 salaries)

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₹12.9 L/yr - ₹42.5 L/yr

arrow icon 3% less
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BNP Paribas Associate Vice President Salary

10 - 20 years exp. (13 salaries)

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₹12.8 L/yr - ₹45 L/yr

arrow icon 10% more
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Duff & Phelps Associate Vice President Salary

3 - 14 years exp. (4 salaries)

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₹19 L/yr - ₹22.1 L/yr

arrow icon 24% less
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Marsh McLennan Associate Vice President Salary

12 - 19 years exp. (4 salaries)

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₹21.1 L/yr - ₹30 L/yr

arrow icon 12% less
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Travelex Associate Vice President Salary

17 - 20 years exp. (3 salaries)

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₹35 L/yr - ₹38.5 L/yr

arrow icon 30% more
Associate Vice President salary at Sumitomo Mitsui Banking Corporation ranges between ₹25 Lakhs to ₹29.4 Lakhs per year for employees with experience between 6 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Sumitomo Mitsui Banking Corporation.

Latest annual salaries shared by Sumitomo Mitsui Banking Corporation Associate Vice President in Mumbai

1y ago
₹28 Lakhs
8 years exp.

Experience wise Sumitomo Mitsui Banking Corporation Associate Vice President salaries in Mumbai

Last Updated: 25 Oct 2023

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹24.8 L/yr - ₹31.7 L/yr
7 years (AmbitionBox Estimate)

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₹25.1 L/yr - ₹32.1 L/yr
8 years  (3 salaries)

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₹26 L/yr - ₹50.9 L/yr

Similar Designation salaries in Sumitomo Mitsui Banking Corporation

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₹23 L/yr - ₹30 L/yr
Director Salary
(10 salaries)
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₹51 L/yr - ₹90 L/yr

Top skills at Sumitomo Mitsui Banking Corporation for Associate Vice President

GAP Analysis VAR Asset Liability Management Market Risk Management Liquidity Risk Product Implementation New Product Data Processing Supply Chain Solutions Credit Appraisal Trade Finance Treasury Data Analysis Credit Risk Valuation

Salary related reviews for Sumitomo Mitsui Banking Corporation

3.0

Rated by 1 employees for salary & benefits

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
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Sumitomo Mitsui Banking Corporation Associate Vice President Salary FAQs

What is the salary of Associate Vice President at Sumitomo Mitsui Banking Corporation in Mumbai?
The average salary of a Associate Vice President at Sumitomo Mitsui Banking Corporation in Mumbai typically ranges from ₹25.0 Lakhs to ₹29.4 Lakhs per year, depending on experience (from 6 years to 8 years).

The top 10% of Associate Vice President in Mumbai at Sumitomo Mitsui Banking Corporation earn more than ₹28.0 Lakhs per year, and the top 1% earn over ₹28.0 Lakhs per year. Associate Vice President 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 4 Sumitomo Mitsui Banking Corporation employees in India.
What is the estimated take home salary of a Associate Vice President at Sumitomo Mitsui Banking Corporation in Mumbai?
The estimated take-home salary of a Associate Vice President at Sumitomo Mitsui Banking Corporation in Mumbai typically ranges from ₹1,78,042 to ₹1,84,956 per month. This is based on the average salary range of ₹25.0 Lakhs to ₹29.4 Lakhs per year for employees with experience ranging from 6 years to 8 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 4 salaries received from various employees of Sumitomo Mitsui Banking Corporation. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Associate Vice President at Sumitomo Mitsui Banking Corporation in Mumbai?
To be a Associate Vice President at Sumitomo Mitsui Banking Corporation in Mumbai, the key skills required include:

  • - GAP Analysis
  • - VAR
  • - Asset Liability Management
  • - Market Risk Management
  • - Liquidity Risk

These skills are highly valued at Sumitomo Mitsui Banking Corporation and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Sumitomo Mitsui Banking Corporation for Associate Vice President in India?
Travelex ₹35.0 Lakhs to ₹38.5 Lakhs per year
Citicorp ₹19.4 Lakhs to ₹45.0 Lakhs per year
BNP Paribas ₹12.8 Lakhs to ₹45.0 Lakhs per year
UBS ₹17.2 Lakhs to ₹45.0 Lakhs per year
JPMorgan Chase & Co. ₹14.0 Lakhs to ₹40.2 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 Vice President in companies similar to Sumitomo Mitsui Banking Corporation in Mumbai?
The salary of a Associate Vice President at companies similar to Sumitomo Mitsui Banking Corporation in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Morgan Stanley ₹12.9 Lakhs to ₹42.5 Lakhs per year
Marsh McLennan ₹21.1 Lakhs to ₹30.0 Lakhs per year
Duff & Phelps ₹19.0 Lakhs to ₹22.1 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 Vice President at Sumitomo Mitsui Banking Corporation in Mumbai?
The salary growth for a Associate Vice President at Sumitomo Mitsui Banking Corporation in Mumbai depends on factors such as experience, performance, and promotions. On average, a Associate Vice President in Mumbai can expect the following growth trajectory at Sumitomo Mitsui Banking Corporation:

Experience Average Salary Range
6 years ₹24.8 Lakhs to ₹31.7 Lakhs per year
7 years ₹25.1 Lakhs to ₹32.1 Lakhs per year
8 years ₹26.0 Lakhs to ₹50.9 Lakhs per year
and so on.

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Sumitomo Mitsui Banking Corporation Associate Vice President salary in Mumbai ranges between ₹25 Lakhs to ₹29.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Sumitomo Mitsui Banking Corporation latest salaries received from various employees of Sumitomo Mitsui Banking Corporation.