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Sun Life Financial Senior Manager Procurement salaries in India (Updated 2025)

Annual salary range
13 - 15 years exp.
₹25 Lakhs - ₹30 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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Fixed (90%)
₹25.9 Lakhs
Variable (10%)
₹2.9 Lakhs
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27% more than the average Senior Manager Procurement Salary in Financial Services Companies for 13 - 15 years of experience

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Salaries in different departments

Procurement & Supply Chain
Senior Manager Procurement Salary
13 - 15 years exp. (AmbitionBox Estimate)
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₹27 L/yr - ₹33 L/yr

Finance & Accounting
Senior Manager Procurement Salary
14 years exp. (AmbitionBox Estimate)
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₹27 L/yr - ₹33 L/yr

Administration & Facilities
Senior Manager Procurement Salary
14 years exp. (AmbitionBox Estimate)
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₹22.5 L/yr - ₹27.5 L/yr

Last Updated: 19 Jan 2025

Companies similar to Sun Life Financial for Senior Manager Procurement

Company name Avg Annual Salary Open Jobs
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₹26 L/yr - ₹38 L/yr

arrow icon 6% more
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₹9.8 L/yr - ₹30 L/yr

arrow icon 36% less
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Tata Steel Senior Manager Procurement Salary

7 - 15 years exp. (47 salaries)

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₹13 L/yr - ₹37 L/yr

arrow icon 19% less
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Tata Motors Senior Manager Procurement Salary

7 - 17 years exp. (27 salaries)

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₹9 L/yr - ₹26.5 L/yr

arrow icon 43% less
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₹12 L/yr - ₹26.5 L/yr

arrow icon 33% less
1 job opening
Senior Manager Procurement salary at Sun Life Financial ranges between ₹25 Lakhs to ₹30 Lakhs per year for employees with experience between 13 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Sun Life Financial.

Latest annual salaries shared by Sun Life Financial Senior Manager Procurement

3d ago
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13 years exp.
2mo ago
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15 years exp.
4mo ago
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14 years exp.
1y ago
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14 years exp.

Experience wise Sun Life Financial Senior Manager Procurement salaries

Last Updated: 19 Jan 2025

Experience Avg Annual Salary
13 years (AmbitionBox Estimate)

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₹27 L/yr - ₹34.5 L/yr
14 years (AmbitionBox Estimate)

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₹24.8 L/yr - ₹31.6 L/yr
15+ years (AmbitionBox Estimate)

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₹27 L/yr - ₹34.5 L/yr

Similar Designation salaries in Sun Life Financial

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₹22 L/yr - ₹26.5 L/yr
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₹9 L/yr - ₹10 L/yr
Procurement Head Salary
(AmbitionBox Estimate)
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₹51 L/yr - ₹56.4 L/yr
Procurement Executive Salary
(AmbitionBox Estimate)
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₹5.6 L/yr - ₹7.1 L/yr
Sourcing Analyst Salary
(AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr
Management Trainee Operations Salary
(AmbitionBox Estimate)
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₹2.6 L/yr - ₹3.3 L/yr
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₹5.9 L/yr - ₹7.6 L/yr
Purchase Coordinator Salary
(AmbitionBox Estimate)
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₹7.6 L/yr - ₹9.7 L/yr
Purchase Assistant Salary
(AmbitionBox Estimate)
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₹1.1 L/yr - ₹1.4 L/yr
Procurement Consultant Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr

Salary related reviews for Sun Life Financial

5.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Other Department

1.0
  •  posted on 24 Jan 2025

1.0
 for  Salary and Benefits

Likes

you will be salary on time. Food and cab facilities for employee

Dislikes

their management is worst- only promoting their close ones despite of their low performance. they can fire you anytime if you dont agree with their decision. They tell employees to fill Best Place for work Survey in Infront of them so that this company get in top 100 companies list. dont trust what you see from outside.

read more
  • Salary - Bad
  • +6 more

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.

read more
  • Salary - Poor
  • +4 more

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

read more
  • Salary - Bad
  • +4 more

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😊

read more
  • 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

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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.

read more
  • 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.

read more
see more salary related reviews

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Sun Life Financial Senior Manager Procurement Salary FAQs

What is the salary of Senior Manager Procurement at Sun Life Financial ?
The average salary of a Senior Manager Procurement at Sun Life Financial in India typically ranges from ₹25.0 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 13 years to 15 years).

The top 10% of Senior Manager Procurement at Sun Life Financial earn more than ₹30.0 Lakhs per year, and the top 1% earn over ₹30.0 Lakhs per year. Senior Manager Procurement 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 4 Sun Life Financial employees in India.
What is the estimated take home salary of a Senior Manager Procurement at Sun Life Financial in India?
The estimated take-home salary of a Senior Manager Procurement at Sun Life Financial in India typically ranges from ₹1,78,404 to ₹1,85,334 per month. This is based on the average salary range of ₹25.0 Lakhs to ₹30.0 Lakhs per year for employees with experience ranging from 13 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 4 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 Senior Manager Procurement in India?
Commonwealth Bank of Australia, India ₹26.0 Lakhs to ₹38.0 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 Senior Manager Procurement in companies similar to Sun Life Financial in India?
The salary of a Senior Manager Procurement at companies similar to Sun Life Financial in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata Steel ₹13.0 Lakhs to ₹37.0 Lakhs per year
Schneider Electric ₹12.0 Lakhs to ₹26.5 Lakhs per year
Reliance Industries ₹9.8 Lakhs to ₹30.0 Lakhs per year
Tata Motors ₹9.0 Lakhs to ₹26.5 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 Senior Manager Procurement at Sun Life Financial in India?
The salary growth for a Senior Manager Procurement at Sun Life Financial depends on factors such as experience, performance, and promotions. On average, a Senior Manager Procurement can expect the following growth trajectory at Sun Life Financial:

Experience Average Salary Range
13 years ₹27.0 Lakhs to ₹34.5 Lakhs per year
14 years ₹24.8 Lakhs to ₹31.6 Lakhs per year
15 years ₹27.0 Lakhs to ₹34.5 Lakhs per year
and so on.

Tell us how to improve this page.

Sun Life Financial Senior Manager Procurement salary in India ranges between ₹25 Lakhs to ₹30 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Sun Life Financial latest salaries received from various employees of Sun Life Financial.