Salary of a Bank Manager: City-wise
A Bank Manager’s pay varies based on their location, with urban regions offering higher compensation. Metros Cities like Mumbai and Delhi with concentrations of banking/corporate HQs, HNIs and greater business volumes enable higher revenue generation. Managers in these regions handle larger portfolios, risks and workforce hence salaries trend higher.
Emerging cities like Bangalore and Hyderabad with strong IT, startup ecosystems and migrant influx also offer competitive salaries to Bank Managers.
Rural/suburban branches trail at the bottom given limitations around customer base, credit offtake, investment pools and operational scale. Though exceptions exist based on cost of living variations.
City |
Average Annual Salary |
---|---|
Delhi | ₹ 8.73 LPA |
Mumbai | ₹ 9.58 LPA |
Kolkata | ₹ 8.14 LPA |
Bangalore | ₹ 8.00 LPA |
Hyderabad | ₹ 8.24 LPA |
Lucknow | ₹ 7.50 LPA |
Chennai | ₹ 9.00 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.