Union Bank of India Mumbai Manager Salaries by 50+ Employees (Updated 2025)

5 - 13 years exp.

₹7 Lakhs - ₹24 Lakhs

Avg. annual salary

Monthly In-hand Salary

8% less than the average Manager Salary in Banking Companies for 5 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 5 - 14 years exp. (25 salaries)	₹8.5 L/yr - ₹24 L/yr
Finance & Accounting Manager Salary 5 - 12 years exp. (5 salaries)	₹12 L/yr - ₹24 L/yr
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Customer Success, Service & Operations Manager Salary 6 - 9 years exp. (3 salaries)	₹9.6 L/yr - ₹18 L/yr
Risk Management & Compliance Manager Salary 5 - 6 years exp. (3 salaries)	₹12 L/yr - ₹17.7 L/yr
Data Science & Analytics Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹8.6 L/yr - ₹17.4 L/yr

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Last Updated: 7 Jan 2025

Companies similar to Union Bank of India for Manager in Mumbai

Union Bank of India Manager Salary

5 - 13 years exp. (53 salaries)

₹7 L/yr - ₹24 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Manager Salary 0 - 18 years exp. (3.3k salaries)	₹4 L/yr - ₹17.5 L/yr 35% less
Kotak Mahindra Bank Manager Salary 0 - 16 years exp. (1.9k salaries)	₹4 L/yr - ₹13 L/yr 47% less
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Axis Bank Manager Salary 0 - 18 years exp. (1.7k salaries)	₹5.5 L/yr - ₹18 L/yr 32% less
ICICI Bank Manager Salary 0 - 18 years exp. (1.6k salaries)	₹6 L/yr - ₹22.4 L/yr 17% less
IndusInd Bank Manager Salary 0 - 17 years exp. (629 salaries)	₹3.4 L/yr - ₹12.2 L/yr 49% less	3 job openings
IDFC FIRST Bank Manager Salary 1 - 14 years exp. (486 salaries)	₹3.7 L/yr - ₹12.7 L/yr 43% less
IDBI Bank Manager Salary 6 - 17 years exp. (182 salaries)	₹9.1 L/yr - ₹29 L/yr 27% more
Standard Chartered Manager Salary 2 - 19 years exp. (138 salaries)	₹7 L/yr - ₹27 L/yr 1% less
Bank of America Manager Salary 5 - 17 years exp. (120 salaries)	₹11.7 L/yr - ₹37 L/yr 77% more	3 job openings
State Bank of India Manager Salary 6 - 15 years exp. (93 salaries)	₹9.5 L/yr - ₹40 L/yr 55% more

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Manager salary at Union Bank of India ranges between ₹7 Lakhs to ₹24 Lakhs per year for employees with experience between 5 years to 13 years. Salary estimates are based on 53 latest salaries received from various employees of Union Bank of India.

Latest annual salaries shared by Union Bank of India Manager in Mumbai

2mo ago

₹12.5 Lakhs

5 years exp.

6mo ago

₹15 Lakhs

13 years exp.

7mo ago

₹13 Lakhs

7 years exp.

7mo ago

₹18 Lakhs

9 years exp.

7mo ago

₹24 Lakhs

12 years exp.

8mo ago

6 years exp.

10mo ago

6 years exp.

10mo ago

14 years exp.

10mo ago

12 years exp.

11mo ago

13 years exp.

Experience wise Union Bank of India Manager salaries in Mumbai

Last Updated: 7 Jan 2025

Experience	Avg Annual Salary
5 years (11 salaries)	₹7 L/yr - ₹16 L/yr
6 years (9 salaries)	₹8.6 L/yr - ₹15 L/yr
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7 years (5 salaries)	₹10 L/yr - ₹26.3 L/yr
8 years (9 salaries)	₹8.5 L/yr - ₹15 L/yr
9 years (8 salaries)	₹8 L/yr - ₹18.5 L/yr
10 years (3 salaries)	₹12.5 L/yr - ₹18 L/yr
11 years (4 salaries)	₹10 L/yr - ₹28.7 L/yr
12 years (AmbitionBox Estimate)	₹14.6 L/yr - ₹18.7 L/yr
13 years (AmbitionBox Estimate)	₹14.9 L/yr - ₹19.1 L/yr

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From

Manager

₹

Lakhs/yr

5 - 15 years exp.

Assistant General Manager

₹

Lakhs/yr

16 - 31 years exp.

Manager

5 - 15 years exp.

Senior Manager

8 - 15 years exp.

34% hike

Chief Manager

10 - 17 years exp.

39% hike

From

View 2 more levels

Manager

5 - 15 years exp.

Faculty Member

Salary unavailable

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Union Bank of India

Credit Manager Salary

(4 salaries)

₹10 L/yr - ₹19 L/yr

Deputy General Manager Salary

(3 salaries)

₹31.22 L/yr - ₹40 L/yr

Salary related reviews for Union Bank of India

3.7

Rated by 6 employees for salary & benefits

Manager in Mumbai

Strategy Department

3.0

• posted on 19 Jul 2022

2.0

for Salary and Benefits

Likes

Working for the government has its perks. The sector is in turmoil & the behemoths are being pushed for change and rightly so, but century-old firms such as these are rigid & lagging on many levels.

Job security - Excellent

+1 more

Dislikes

Pay not at par with peers. In a world of WFH & hybrid workplaces, even non-public-facing officials are made to attend office mandatorily, and yes, our Saturdays are working.

Salary - Poor

+2 more

Manager in Tiruchirappalli

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 11 Jun 2024

4.0

for Salary and Benefits

Likes

Working with lots of coworkers. Sufficient salary.

Salary - Good

+1 more

Dislikes

Time taken by the respective department to respond to the field functionary’s concern. No real solutions arrived through discussion. Keeping important things pending.

Skill development - Poor

+2 more

Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Jul 2023

3.0

for Salary and Benefits

Likes

Salary and allowances will be on time. Easy to get loans on self name.

Dislikes

These days banking jobs became much stressful and hectic with no personal life. Young generation please don't come banking side anymore.

Promotions - Poor

+3 more

Chief Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 23 Jan 2025

3.0

for Salary and Benefits

Likes

...ork at various departments and locations. Good staff training facility is there. Salary is good.

Skill development - Good

+3 more

Dislikes

Promotions are limited and salary is not as per Market. Beyond few years we can't stay in one zone which hampers education of kids

Assistant Manager in Bangalore / Bengaluru

Full Time

Other Department

1.0

• posted on 14 Nov 2024

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

...or each others, no work life balance, very old system, very old infra structure. Salary is less compared to corporate, manager and others will behave like there the owners of the bank.

Salary - Poor

+5 more

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Top trending discussions

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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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Union Bank of India Manager Salary FAQs

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

The average salary of a Manager at Union Bank of India in Mumbai typically ranges from ₹7.0 Lakhs to ₹24.0 Lakhs per year, depending on experience (from 5 years to 13 years).

The top 10% of Manager in Mumbai at Union Bank of India earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹24.0 Lakhs per year. Manager Salaries at Union 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 50+ Union Bank of India employees in India.

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

The estimated take-home salary of a Manager at Union Bank of India in Mumbai typically ranges from ₹1,05,095 to ₹1,07,981 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹24.0 Lakhs per year for employees with experience ranging from 5 years to 13 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 50+ salaries received from various employees of Union Bank of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Union Bank of India for Manager in India?

Reserve Bank of India	₹18.0 Lakhs to ₹46.0 Lakhs per year
Bank of America	₹11.7 Lakhs to ₹37.0 Lakhs per year
State Bank of India	₹9.5 Lakhs to ₹40.0 Lakhs per year
IDBI Bank	₹9.1 Lakhs to ₹29.0 Lakhs per year
Bank of Baroda	₹9.0 Lakhs to ₹25.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Union Bank of India, depending on the role and experience level.

What is the salary of a Manager in companies similar to Union Bank of India in Mumbai?

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

Canara Bank	₹8.5 Lakhs to ₹25.0 Lakhs per year
Barclays	₹11.5 Lakhs to ₹21.0 Lakhs per year
Standard Chartered	₹7.0 Lakhs to ₹27.0 Lakhs per year
Central Bank of India	₹9.0 Lakhs to ₹18.0 Lakhs per year
Punjab National Bank	₹7.2 Lakhs to ₹22.0 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 Manager at Union Bank of India in Mumbai?

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

Experience	Average Salary Range
5 years	₹7.0 Lakhs to ₹16.0 Lakhs per year
6 years	₹8.6 Lakhs to ₹15.0 Lakhs per year
7 years	₹10.0 Lakhs to ₹26.3 Lakhs per year
8 years	₹8.5 Lakhs to ₹15.0 Lakhs per year

and so on.

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Union Bank of India Manager Salaries in Mumbai

Union Bank of India Manager salary in Mumbai ranges between ₹7 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 53 Union Bank of India latest salaries received from various employees of Union Bank of India.

Union Bank of India Manager salaries in Mumbai (Updated 2025)

Companies similar to Union Bank of India for Manager in Mumbai

Latest annual salaries shared by Union Bank of India Manager in Mumbai

Experience wise Union Bank of India Manager salaries in Mumbai

Similar Designation salaries in Union Bank of India

Salary related reviews for Union Bank of India

Manager in Mumbai

Manager in Tiruchirappalli

Manager in Hyderabad / Secunderabad

Chief Manager in Mumbai

Assistant Manager in Bangalore / Bengaluru

Union Bank of India Manager Salary FAQs

Tell us how to improve this page.