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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