Sun Life Financial Procurement Manager Salaries by 7 Employees (Updated 2025)

10 - 15 years exp.

₹22 Lakhs - ₹26.5 Lakhs

Low Confidence

Salary of majority employees

47% more than the average Procurement Manager Salary in Financial Services Companies for 10 - 15 years of experience

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Last Updated: 27 Feb 2025

Companies similar to Sun Life Financial for Procurement Manager

Company name	Avg Annual Salary	Open Jobs
Fidelity International Procurement Manager Salary 10 - 14 years exp. (7 salaries)	₹21.6 L/yr - ₹32.5 L/yr 13% more
MassMutual Procurement Manager Salary 13 - 18 years exp. (6 salaries)	₹17 L/yr - ₹20.7 L/yr 17% less
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Commonwealth Bank of Australia, India Procurement Manager Salary 10 - 14 years exp. (5 salaries)	₹19.6 L/yr - ₹26 L/yr At par
Morningstar Procurement Manager Salary 9 - 11 years exp. (3 salaries)	₹19 L/yr - ₹29.5 L/yr 12% more
UBS Procurement Manager Salary 10 - 11 years exp. (3 salaries)	₹15 L/yr - ₹21 L/yr 26% less
American Express Procurement Manager Salary 3 - 10 years exp. (3 salaries)	₹10 L/yr - ₹15.5 L/yr 47% less

Procurement Manager salary at Sun Life Financial ranges between ₹22 Lakhs to ₹26.5 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 7 latest salaries received from various employees of Sun Life Financial.

Experience wise Sun Life Financial Procurement Manager salaries

Last Updated: 27 Feb 2025

Experience	Avg Annual Salary
10 years (3 salaries)	₹23.5 L/yr - ₹26.5 L/yr
11 years (AmbitionBox Estimate)	₹22 L/yr - ₹43 L/yr
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12 years (AmbitionBox Estimate)	₹21 L/yr - ₹26.9 L/yr
13 years (AmbitionBox Estimate)	₹20.5 L/yr - ₹26.3 L/yr
14 years (AmbitionBox Estimate)	₹20.1 L/yr - ₹25.7 L/yr
15+ years (AmbitionBox Estimate)	₹22 L/yr - ₹22 L/yr

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Similar Designation salaries in Sun Life Financial

Senior Manager Procurement Salary

(4 salaries)

₹25 L/yr - ₹30 L/yr

Procurement Analyst Salary

(3 salaries)

₹9 L/yr - ₹10 L/yr

Procurement Head Salary

(AmbitionBox Estimate)

₹51 L/yr - ₹56.4 L/yr

Procurement Executive Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Sourcing Analyst Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Management Trainee Operations Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Assistant Manager Supply Chain Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.6 L/yr

Purchase Coordinator Salary

(AmbitionBox Estimate)

₹7.6 L/yr - ₹9.7 L/yr

Purchase Assistant Salary

(AmbitionBox Estimate)

₹1.1 L/yr - ₹1.4 L/yr

Procurement Consultant Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Salary related reviews for Sun Life Financial

Analyst Developer in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

2.0

• posted on 04 Dec 2024

2.0

for Salary and Benefits

Likes

1. Work is good if you are working in can it.

Job security - Good

Dislikes

...not good at every department 2. Extremely bias during quarterly appreciation 3. Competitive salary but still low compared to other product companies. 4. Most of the stuff is already developed by third party vendors currently we are working on supporting & doing enhancements. 5. Hrs & manager will pressure you to work from office atleast 2 days.

Salary - Poor

+4 more

Software Developer in Gurgaon / Gurugram

Full Time

Data Science & Analytics Department

1.0

• posted on 17 Nov 2024

1.0

for Salary and Benefits

Likes

Additional benefits like free meal and insurance. But it goona be stop soon

Dislikes

... good for high aspiration people. If you looking government job . Then its good. No good salary hike after join

Salary - Bad

+4 more

Associate in Gurgaon / Gurugram

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 08 Mar 2023

3.0

for Salary and Benefits

Likes

...but that company never impacted their employees despite supported in monetary, Didn’t reduced salary at all One of the finest company I have ever seen and lucky that I m part of it More than 7 years and it’s all Sun Life fault😊

Skill development - Good

+4 more

Dislikes

Wish if company focus on more pay scale and annual appraisal Rather giving 7-9 make 10 as default upon that person performance Looking at the inflation and cost of living

Development Specialist in Gurgaon / Gurugram

Full Time

Engineering - Software & QA Department

4.0

• posted on 15 Oct 2021

4.0

for Salary and Benefits

Likes

...pen door policy you can have 1:1 with the directors and management frequently. Appraisals are mostly fair and eligible candidates can get upto 2-3 hikes and Salary corections within a financial year. Bonus are good and can easily go beyond 100% if you perform good enough. Only con is working shift and lots of calls from onshore counter parts and the timezone differences.

Salary - Good

+6 more

Dislikes

Little slow paced company because of its mammoth size. Working Shifts would go till 10 PM for IT team due to timezone mapping but there would be no micro management. Lots of vacancies for Technical architects and Engineering Managers and company is finding it hard to get them onboard.

Senior Process Associate in Gurgaon / Gurugram

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 12 Apr 2022

2.0

for Salary and Benefits

Likes

Good for IT and management employees. You don't want to be associated with US operations department. Management will not support you.

Job security - Excellent

+2 more

Dislikes

HR, they are getting better salary for minimum work. Once you submit resignation, you will not be able to find or contact them.

Salary - Poor

see more salary related reviews

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Sun Life Financial Procurement Manager Salary FAQs

What is the salary of Procurement Manager at Sun Life Financial ?

The average salary of a Procurement Manager at Sun Life Financial in India typically ranges from ₹22.0 Lakhs to ₹26.5 Lakhs per year, depending on experience (from 10 years to 15 years).

The top 10% of Procurement Manager at Sun Life Financial earn more than ₹26.2 Lakhs per year, and the top 1% earn over ₹26.5 Lakhs per year. Procurement Manager Salaries at Sun Life Financial 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 Sun Life Financial employees in India.

What is the estimated take home salary of a Procurement Manager at Sun Life Financial in India?

The estimated take-home salary of a Procurement Manager at Sun Life Financial in India typically ranges from ₹1,48,440 to ₹1,54,015 per month. This is based on the average salary range of ₹22.0 Lakhs to ₹26.5 Lakhs per year for employees with experience ranging from 10 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 7 salaries received from various employees of Sun Life Financial. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Sun Life Financial for Procurement Manager in India?

Fidelity International	₹21.6 Lakhs to ₹32.5 Lakhs per year
Morningstar	₹19.0 Lakhs to ₹29.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Sun Life Financial, depending on the role and experience level.

What is the salary of a Procurement Manager in companies similar to Sun Life Financial in India?

The salary of a Procurement Manager at companies similar to Sun Life Financial in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Commonwealth Bank of Australia, India	₹19.6 Lakhs to ₹26.0 Lakhs per year
MassMutual	₹17.0 Lakhs to ₹20.7 Lakhs per year
UBS	₹15.0 Lakhs to ₹21.0 Lakhs per year
American Express	₹10.0 Lakhs to ₹15.5 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 Procurement Manager at Sun Life Financial in India?

The salary growth for a Procurement Manager at Sun Life Financial depends on factors such as experience, performance, and promotions. On average, a Procurement Manager can expect the following growth trajectory at Sun Life Financial:

Experience	Average Salary Range
10 years	₹23.5 Lakhs to ₹26.5 Lakhs per year
11 years	₹22.0 Lakhs to ₹43.0 Lakhs per year
12 years	₹21.0 Lakhs to ₹26.9 Lakhs per year
13 years	₹20.5 Lakhs to ₹26.3 Lakhs per year

and so on.

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Sun Life Financial Procurement Manager Salaries

Sun Life Financial Procurement Manager salary in India ranges between ₹22 Lakhs to ₹26.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Sun Life Financial latest salaries received from various employees of Sun Life Financial.