Salary of a Bank Manager: Company-Wise
A Bank Manager’s Salary varies significantly based on their employer (Private or public sector). The highest salaries are offered by foreign and private banks like UBS, Deutsche Bank and ICICI Bank. Higher incentives aim to attract top talent for niche positions. Private banks emphasize sales, wealth management and personalised services requiring specialised skill sets that allow premium billing.
Public sector banks (Government Banks) offer relatively lower compensation owing to government control over service conditions. However, they provide greater job security, standard HR policies and defined career progression systems. SBI as the market leader is an exception with pay scales and opportunities comparable to private players.
Bank Name |
Average Annual Salary |
---|---|
State Bank of India | ₹ 10.93 LPA |
Bank of India | ₹ 9.84 LPA |
Punjab National Bank | ₹ 8.62 LPA |
Yes Bank | ₹ 8.06 LPA |
ICICI Bank | ₹ 8.52 LPA |
UBS Bank | ₹ 13.42 LPA |
Deutsche Bank | ₹ 10.62 LPA |
Federal Bank | ₹ 7.56 LPA |
Canara Bank | ₹ 7.20 LPA |
Bank Manager Salary in India 2024
Bank Manager Salary in India 2024: The average Indian Bank Manager Salary in 2024 is INR 9.2 LPA. Though public bank salaries come from the government, other things like education, years worked, city and skills influence pay. Managers also get extra benefits such as housing allowance, dearness allowance, and retirement money.
To become a Manager, students should finish college and post-college Banking degrees from top institutions. They can also study Management or get MBA certifications from excellent business schools.
Table of Content
- Bank Manager Salary in India 2024
- Salary of a Bank Manager: Experience Wise
- Salary of a Bank Manager: Specialization-Wise
- Salary of a Bank Manager: City-wise
- Salary of a Bank Manager: Company-Wise
- Public Sector Banks in India: Perks & Benefits
- Private Sector Banks in India: Perks & Benefits
- Bank Manager 2024: Roles & Responsibilities
- Eligibility Criteria for Bank Manager 2024
- How to Become a Bank Manager In India?
- Bank Manager In India: Exams Required
Top MBA Colleges take students who pass tests like CAT, MAT, XAT, and SNAP. Bank Managers need knowledge of banking, finance and management. They should have leadership abilities to guide branch teams. Strong communication and analysis skills are also key. The job involves managing loans, investments, budgets, audits and sales campaigns.
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