One of the most respected job profiles in the country, bank managers in general earn something around INR 308,030- INR 1,018,859 on an average every year. Among a host of job responsibilities, some of the crucial functions rendered by bank managers include resolving customer problems, administering bank branches and directing them on crucial matters, managing the bank investments, handling customer deposits etc. The average salaries earned by them are listed in details below:
Annual Average Salaries Based on Experience:
The annual average salary range heads consistently northwards with the growing work experience of an employee only to suffer a dip after the 20th year.
| Experience | Annual Average Salaries |
|---|---|
| 1-4 years | INR 2 87 337 – INR 7 20 000 |
| 5-9 years | INR 3 06 386 – INR 10 76 585 |
| 10-19 years | INR 2 97 988 – INR 17 61 685 |
| 20 years or more | INR 71 490 – INR 9 40 204 |
Annual Average Salaries based on City
The costs of living in different cities influence their average salaries in a major way. Here is a look:
| Cities | Annual Average Salaries |
|---|---|
| Hyderabad Andhra Pradesh | INR 5 00 000 – INR 8 40 000 |
| Delhi Delhi | INR 3 84 000 – INR 8 40 000 |
| Bangalore Karnataka | INR 2 93 878 – INR 8 70 000 |
Annual Average Salaries based on Degree
Here is a brief look at the yearly average salaries pocketed by bank managers based on their academic qualification:
| Degree | Annual Average Salaries |
|---|---|
| Bachelor's Degree | INR 5 89 581 – INR 9 15 628 |
| MBA or Master of Business Administration | INR 5 89 581 – INR 7 26 057 |
Annual Average Salaries based on Gender
The gender based salaries earned by bank managers are listed below:
| Gender | Annual Average Salaries |
|---|---|
| Female | INR 3 48 000 – INR 7 50 000 |
| Male | INR 2 94 339 – INR 12 00 000 |
A look at the pay packets received by some of the managers in leading organizations:
| Employers | Annual Average Salaries |
|---|---|
| State Bank of India (Assistant Banking Centre Manager) | INR 1 97000 – INR 2 14 000 |
| Yes Bank ( Corporate Banking Manager) | INR 10 50 000 – INR 11 40 000 |
| Central Bank of India (Assistant Manager) | INR 2 87 000 – INR 3 63 000 with an annual average of INR 3 25 149 |
| Punjab National Bank (Branch Manager) | INR 5 72 000 – INR 13 60 000 with an annual average of INR 9 67 180 |
Perks and Benefits
The comprehensive range of perks and benefits usually earned by bank managers across the country includes:
- Life Insurance/ Disability
- Paid Sick Leave
- Defined Contribution Retirement Plan
- Paid Holidays
- Relocation Expenses
- Company Pension Plan
*Salaries are subject to change with time and without prior notice.
**Relevant information regarding salaries and benefits has been taken from payscale.com and glassdoor. co.in.
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