Union Bank of India Mumbai Risk Manager Salaries by 8 Employees (Updated 2024)

5 - 9 years exp.

₹10.3 Lakhs - ₹18.5 Lakhs

Salary of majority employees

At par with the average Risk Manager Salary in Banking Companies for 5 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Risk Manager Salary 8 - 9 years exp. (3 salaries)	₹14.2 L/yr - ₹18.5 L/yr
Finance & Accounting Risk Manager Salary 7 - 9 years exp. (3 salaries)	₹10.3 L/yr - ₹14.5 L/yr
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Risk Management & Compliance Risk Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹14.2 L/yr - ₹14.5 L/yr

Last Updated: 4 Mar 2024

Companies similar to Union Bank of India for Risk Manager in Mumbai

Union Bank of India Risk Manager Salary

5 - 9 years exp. (8 salaries)

₹10.3 L/yr - ₹18.5 L/yr

Company name	Avg Annual Salary	Open Jobs
State Bank of India Risk Manager Salary 5 - 11 years exp. (4 salaries)	₹18 L/yr - ₹27 L/yr 41% more
ICICI Bank Risk Manager Salary 1 - 6 years exp. (28 salaries)	₹9.5 L/yr - ₹24 L/yr 14% more
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HDFC Bank Risk Manager Salary 1 - 9 years exp. (22 salaries)	₹7 L/yr - ₹19.6 L/yr 23% less
Axis Bank Risk Manager Salary 1 - 17 years exp. (21 salaries)	₹7.2 L/yr - ₹20 L/yr 3% less	1 job opening
Bank of Baroda Risk Manager Salary 7 - 11 years exp. (3 salaries)	₹8 L/yr - ₹20 L/yr 21% more
Kotak Mahindra Bank Risk Manager Salary 1 - 11 years exp. (11 salaries)	₹6.4 L/yr - ₹10.8 L/yr 40% less
Yes Bank Risk Manager Salary 1 - 10 years exp. (15 salaries)	₹8.7 L/yr - ₹16.7 L/yr 13% less
IDFC FIRST Bank Risk Manager Salary 0 - 5 years exp. (35 salaries)	₹9 L/yr - ₹24 L/yr 25% more	1 job opening
Central Bank of India Risk Manager Salary 3 - 11 years exp. (11 salaries)	₹12 L/yr - ₹18.4 L/yr 11% more
Bank of India Risk Manager Salary 7 - 10 years exp. (3 salaries)	₹15 L/yr - ₹24 L/yr 28% more

Risk Manager salary at Union Bank of India ranges between ₹10.3 Lakhs to ₹18.5 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 8 latest salaries received from various employees of Union Bank of India.

Experience wise Union Bank of India Risk Manager salaries in Mumbai

Last Updated: 4 Mar 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹14.5 L/yr
6 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹14.5 L/yr
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7 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹25.5 L/yr
8 years (3 salaries)	₹12.3 L/yr - ₹18.5 L/yr
9 years (AmbitionBox Estimate)	₹14.2 L/yr - ₹14.5 L/yr

Similar Designation salaries in Union Bank of India

Branch Manager Salary

(6 salaries)

₹10 L/yr - ₹18 L/yr

Salary related reviews for Union Bank of India

Branch Manager in Rajahmundry

BFSI, Investments & Trading Department

3.0

• posted on 07 Jan 2019

3.0

for Salary and Benefits

Likes

The company allows you fast new challenges every time and you need to completely learn accordingly. We will have good respect in the society.

Dislikes

Growth is fast but the pressure increase multiple times and salary wil be increased very slow. Most of the things are to be managed by one person only and no one will be supporting them . Though few are experienced and highly skilled ,they won't have time to train subordinates .

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.

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.

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.

Assistant Manager in Guwahati

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 01 Jul 2024

3.0

for Salary and Benefits

Likes

The Pay is Okay but not at par with other Government jobs. Bank Management and Bank Unions control the Banks Operations. Chaploosis are always favoured by Management and Unions. So becoming a Chaploos is the main skill needed to survive here.

Dislikes

Bank Management pressurizes staff to achieve unrealistic targets. Officers are humiliated in regular Video Conferences. Many Officers have committed suicides in the last FY. Officers can be transferred anywhere in India and Management doesn't care about staffs families.

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.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Union Bank of India Risk Manager Salary FAQs

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

Risk Manager salary at Union Bank of India in Mumbai ranges between ₹10.3 Lakhs to ₹18.5 Lakhs for experience between 5 years to 9 years. According to our estimates it is 1% more than the average Risk Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Union Bank of India Mumbai.

How does the salary of a Risk Manager at Union Bank of India Mumbai compare with the average salary range for this job?

The average salary of a Risk Manager at Union Bank of India is 1% more than the average salary of a Risk Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Union Bank of India to a Risk Manager in Mumbai?

State Bank of India Risk Manager Salary - ₹18.0 Lakhs to ₹27.0 Lakhs per year
Bank of India Risk Manager Salary - ₹15.0 Lakhs to ₹24.0 Lakhs per year
IDFC FIRST Bank Risk Manager Salary - ₹9.0 Lakhs to ₹24.0 Lakhs per year
Bank of Baroda Risk Manager Salary - ₹8.0 Lakhs to ₹20.0 Lakhs per year
ICICI Bank Risk Manager Salary - ₹9.5 Lakhs to ₹24.0 Lakhs per year

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

Central Bank of India Risk Manager Salary - ₹12.0 Lakhs to ₹18.4 Lakhs per year
Axis Bank Risk Manager Salary - ₹7.2 Lakhs to ₹20.0 Lakhs per year
Yes Bank Risk Manager Salary - ₹8.7 Lakhs to ₹16.7 Lakhs per year
HDFC Bank Risk Manager Salary - ₹7.0 Lakhs to ₹19.6 Lakhs per year
Kotak Mahindra Bank Risk Manager Salary - ₹6.4 Lakhs to ₹10.8 Lakhs per year

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

The estimated take-home salary of a Risk Manager at Union Bank of India ranges between ₹98,839 per month to ₹1,01,524 per month in Mumbai. The take-home salary calculation is based on the average Union Bank of India Risk Manager salary in India which ranges between ₹10.3 Lakhs to ₹18.5 Lakhs per year for employees with experience between 5 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Risk Manager at Union Bank of India in Mumbai?

According to AmbitionBox, 100% of the Union Bank of India Risk Managers in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Union Bank of India Risk Manager Salaries in Mumbai

Union Bank of India Risk Manager salary in Mumbai ranges between ₹10.3 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Union Bank of India latest salaries received from various employees of Union Bank of India.