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Bank Manager Government Jobs: In India, Top Recruiters, Vacancy, For Freshers, Average Salary

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Ahana Bhaduri

Content Writer | Updated 3+ months ago

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Bank Managers hold an important role in safeguarding financial stability by managing and overseeing banking operations, assessing risks and developing strategies to ensure the economic well-being of their clients and institutions. They facilitate economic growth, support businesses and help individuals achieve their financial goals with their expertise. 

Apart from the composite salary structure of Bank Managers employed across government banks, some of the other factors that act as a catalyst for bank managers to work in public sector banks include, retirement benefits, pension schemes and other associated employee benefits. The average salary of a Bank Manager working in SBI is INR 9 LPA while that of working in Union Bank of India is INR 6 LPA. Their salary can vary based on factors like skills, experience and location. A senior Bank Manager with experience of 10 years or above can easily earn up to INR 12.33 LPA. 

Read: 

Role of a Bank Manager Qualification of a Bank Manager Bank Manager Jobs How to Become a Bank Manager after 12th

Government jobs for Bank Managers is steadily gaining momentum in India. These jobs are highly sought after because of their job security and stability. There is a growing number of skilled professionals aspiring to secure government banking positions. The different sections in the article discuss various job opportunities for Bank Managers across the government sector along with their average salaries.

Who are Bank Managers

Bank Managers are individuals responsible for the overall operations of a bank branch or a specific department. Other than the day-to-day activities, they are also responsible for the financial performance of their assigned branch or department. They are crucial for the efficient and effective operability of the bank while adhering to the regulatory requirements. 

Bank Managers can be of many types based on their specialisations. A branch manager is responsible for the everyday working of a specific bank branch, a regional manager oversees multiple branches within a region, the risk manager is responsible for identifying and mitigating risks faced by the bank and many more based on their roles. 

Jobs for Bank Managers

Bank Managers oversee the everyday activities of a specific bank branch or department within a bank, ensuring efficient customer service and staff management. Based on their roles and responsibilities within a financial institution, Bank Managers can be categorised into various types. Branch managers, regional managers, assistant managers and risk managers are some of the most common types. 

Tabulated below is the job description of Bank Managers across government banks along with their average salaries for each specialisation. 

Bank Manager Profile Job description Average Salary (INR)
Branch Manager Responsible for the day-to-day working of a specific bank branch. 6 L
Regional Manager Oversee multiple branches within a specific geographic region. 10.9 L
Assistant Manager Works under the supervision of branch or regional manager and assist in branch operation. 6.7 L
Relationship Manager Focus on building and maintaining relationships with high-net-worth individuals, businesses or institutional clients. 3.5 L
Credit Manager Assess the creditworthiness of loan applications and make decisions on loan approvals or denials. 6 L
Risk Manager Responsible for identifying and mitigating various types of risks faced by the bank. 10.2 L
Compliance Manager Oversee the bank’s adherence to regulatory requirements and industry standards. 9.5 L
Operations Manager Responsible for the efficiency and effectiveness of various operational processes within the bank. 7 L

Government Jobs for Bank Managers

Government jobs for Bank Managers offer stability, competitive salaries and a chance to contribute to the country’s financial sector. Government jobs are preferred over private ones by candidates over a number of factors. However, Bank Managers in both sectors have good earnings. 

Some of the top government jobs for Bank Managers across various parameters along with their average salaries are discussed below.

Experience Wise

The salaries of Bank Managers are heavily affected by their experience. Tabulated below is the experience-wise salary of Bank Managers employed across various government banks.

Experience Years Average Annual Salary (INR)
0 - 5 years 5.78 L
6 - 10 years 6.25 L
11 - 15 years 7.55 L
16 - 20 years 8.82 L
20 years & above 10 L

Qualification Wise

There are many courses in finance and business administration that can be considered to become a Bank Manager. The qualification-wise salaries are mentioned in the table below. 

Qualification Average Annual Salary (INR)
BCom 2 - 5.4 L
BCom in Banking and Insurance 2 - 20 L
BCom in Banking and Financing 3.4 L
BBA 2.5 - 10 L
BBA in Banking and Insurance 2 - 6 L
MCom 5 - 15 L
MCom in Banking and Insurance 4 L
MBA in Finance Management 3 - 9 L
MBA in Banking and Insurance 3 - 20 L

City Wise

The salary of Bank Managers vary widely based on their locations. The Bank Manager salaries across different Indian cities are mentioned in the table below. 

City Average Annual Salary (INR)
New Delhi 9.2 L
Bangalore 8.8 L
Hyderabad 8.6 L
Chennai 7.5 L
Pune 7.5 L
Mumbai 7.2 L

Sector Wise

Bank Managers are employed in banks across both public and private sectors. A government Bank Manager often earns more and enjoys several benefits. The sector-wise salaries for Bank Managers are mentioned in the table below. 

Sector Average Annual Salary (INR)
Government Sector 8 - 12 L
Private Sector 7 L

Govt Bank Manager Jobs

Candidates typically need a bachelor’s degree in finance, gain experience and work their way up through the ranks to become a Bank Manager. Some of the top government jobs for Bank Managers along with their average salaries are tabulated below.

Job Offering Institute Average Salary (INR)
Assistant Manager IIFCL 80,000
Assistant Manager LIC HFL 80,110
Chief Manager/ Senior Manager Central Bank of India 63,840 - 89,890
Manager/ Chief Manager Union Bank of India 48,170 - 89,890
Chief Risk Officer Punjab National Bank -
Chief Risk Officer UCO Bank As per bank rules
Group Chief Compliance Officer Canara Bank -
Chief Risk Officer CBHFL 15 - 18 LPA

Top Recruiters

Bank Managers can find job opportunities in a number of government banks. Some of the top government recruiters are mentioned in the table below. 

Name of the Institute Location
SBI Mumbai
Union Bank of India Mumbai
UCO Bank Across the country
Axis Bank Across the country
IBPS Mumbai
RBI Mumbai
Indian Bank Chennai

Bank Manager Government Jobs: FAQs

Ques. What are government jobs for Bank Managers in India?

Ans. Government jobs for Bank Managers refer to managerial positions in government banks, where candidates are selected through competitive exams conducted by bodies like the IBPS and RBI. 

Ques. What qualifications are required to become a Bank Manager in government banks?

Ans. To become a Bank Manager in government banks, candidates are required to possess a bachelor’s degree in fields like finance, economics or business administration and then pass a competitive exam to get selected. 

Ques. How can I apply for government Bank Manager jobs?

Ans. Candidates have to regularly check the official websites of public sector banks for job notifications. Additionally, they will be needed to register and appear in the competitive exams. 

Ques. Name some top skills that a Bank Manager should have.

Ans. Statistical analysis, interpersonal skills, accountability, commercial awareness and time management are some of the top skills that a Bank Manager should possess.

Ques. What is the age limit for government Bank Manager jobs?

Ans. The age limit may vary based on the specific position and the bank. 21 to 30 years of age is the normal range for most of the positions. 

Ques. Are there opportunities for career growth for Bank Managers in the government sector?

Ans. There are ample opportunities for career growth in the government banking sector. Bank Managers can advance to higher positions like AGM, DGM and GM. 

Ques. What are the benefits that government Bank Managers enjoy?

Ans. Competitive salary, job security, pension and access to various allowances and perks are some of the top benefits received by government Bank Managers. 

Ques. Name some top government recruiters of Bank Managers in India.

Ans. RBI, SBI and nationalised banks like PNB and BOB are some of the top government recruiters of Bank Managers in India. 

Ques. Is an Interview mandatory for all the Banking Exams in India?

Ans. No, an interview is not mandatory for all banking exams. There are many exams like IBPS Clerk that do not have an interview as a part of the selection process. 

Ques. Name some top colleges for pursuing a career as a Bank Manager.

Ans. NMIMS, MAHE, Parul University, Mumbai University and Calicut University are some of the top colleges for pursuing a career as a Bank Manager. 

Post Graduate Diploma in Banking and Finance [PGDBF] : 17 answered questions

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Ques. What is the difference between PGDM BFSI and PGDM Finance at IMT Ghaziabad ?

● Top Answer By Sreetoma Gupta on 04 Jun 23

Ans. The emphasis of the curriculum distinguishes the IMT Ghaziabad PGDM Finance programme from the full-time PGDM program. A general management education, including instruction in marketing, finance, operations, and strategy, is provided via the full-time PGDM programme. The program's participants will enroll in a range of business-related courses. On the other side, the PGDM Finance programme specialises in finance and related fields. With the option to specialise in fields including corporate finance, investment banking, and financial analysis, students in this programme will take courses that are highly focused on accounting and finance.Read more
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Ques. What should be preference order of IMT Ghaziabad courses- PGDM, PGDM marketing, PGDM finance, PGDM DCP, PGDM banking, insurance and financial services?

● Top Answer By Dhruv Chatterjee on 25 Jan 23

Ans. IMT Ghaziabad offers a variety of courses that cater to various specializations. These courses have been listed and explained in their order of preference PGDM Marketing/PGDM Full Time (Marketing): This is the most coveted program among IMT students mainly because today its alumni have acquired top positions in big firms. Other major reasons include top-notch faculty, great internship and placement opportunities in terms of role and CTC, IMT’s eligibility, and excellent performances in recognized marketing and strategy B Schools competitions. PGDM Finance/PGDM Full Time (Finance): This one is most suitable for aspirants who are interested in Finance. However, this program offers lesser opportunities than the Marketing program in terms of role and CTC.  PGDM Full Time (Operations): This program offers opportunities similar to that of Finance. But the batch size of PGDM Operations is smaller than PGDM Finance, so it may be easier to secure an internship/final placement, but the opportunities come less compared to Finance. PGDM DCP: DCP or the Dual Country Program is for those who are keen to get international exposure. Compared to an MBA from a foreign university, this program is cheaper and yet offers an opportunity to explore a different culture and learn to make decisions in an international context. This is best suitable for those who are in the Marketing domain. PGDM Banking and Financial Services (PGDM-BFS): This program was launched in 2019 and is relatively newer. It targets the core Banking and Finance sector. While the MBA program aims to provide a holistic view of management, this program solely focuses on Banking and Finance. PGDM Full Time (HR): This is the least taken course and offers very less in terms of opportunities. The courses have been arranged preference-wise so will make it easy for you to choose one.Read more
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Ques. Which course in TAPMI is better, the core PGDM, the HRM, or BKFS?

● Top Answer By Divya Kaur on 02 May 23

Ans. What's most important is that you enjoy it. The BKFS program is highly specialized and designed to equip students with the tools necessary to succeed in any financial-related field. The PGDM's first year emphasizes variety over specialization. Two years into the program, you'll have the option to focus on either Marketing, Operations, or Finance. It's up to you to determine the kind of career you want to have. Everything in the new system will be up to the individual, replacing both the major and minor systems. Although the HR course is brand new, it will be just as rigorous and cover the same ground as other courses.Read more
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Ques. What's the difference between TAPMI core pgdm and bkfs?

● Top Answer By Vihan Manjunath on 28 Aug 20

Ans. The difference between PGDM and PGDM-BKFS is that PGDM is the general MBA program and the course curriculum comprises all fundamental and cross-sectional areas of management while the course curriculum of PGDM-BKFS is tailor-made for Finance. In the first year for PGDM students are required to study various management-related subjects like Marketing, Finance, HR, and Operation. However, the BKFS course only includes Finance related topics. TAPMI offers good infrastructure for BKFS. The institute has the largest state-of-arts finance lab in the country with 16 Bloomberg terminals. TAPMI also offers a unique Student Managed Investment Course (SMIC) for the finance stream in which BKFS students work in teams and each team has a mentor from industry currently working in the BFSI Sector. Also, unlike the traditional internship that PGDM students go through the BFS cohort had a two-month study tour in Bombay Stock Exchange where the students had their live projects. Given below is a comparison between the two courses. Categories PGDM PGDM-BKFS Course Name Post Graduate Diploma in Management Post Graduate Diploma in Management - Banking and Financial Services Intake 360 60 Course Fee 14.3 lakh (2 years) 14 Lakh (2 years) >Highest Salary Package 25 LPA 25 LPA Average Salary Package 11.50 LPA 12.75 LPA Recruiting Companies Alien Technology, Arcesium, Wipro, Capgemini, ITC, HCL, etc. Axis Bank, Yes Bank, HSBC, etc.Read more
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Ques. Which school is better, MDI Gurgaon or IIM K, if I want to be an equity research analyst?

● Top Answer By Yash Gupta on 22 Feb 23

Ans. If you go to the official website and compare the placement reports, MDI Gurgaon fares better than IIM Kozhikode. Let’s have a look at the placement statistics of the 2 B Schools.   Particulars  MDI IIM Kozhikode  Number of Recruiters  87 116 Highest CTC INR 1.14 CPA INR 61.5 LPA Average CTC INR 26.65 LPA INR 29.5 LPA Top Recruiters  Microsoft, Google, HCL, Adobe Accenture, Amazon, Microsoft The best finance companies that offer roles like Equity Research Analyst roles, and Securities analysis visit both the B Schools. But the higher number of companies visiting MDI Gurgaon gives it a slight advantage over IIM Kozhikode. Yet I think both MDI Gurgaon and IIM-K are almost equal in terms of giving you the opportunity of getting an Equity Research Analyst role. If I was in your place I would have chosen MDI Gurgaon because of the following factors Location Infrastructure  The industry-academia relationship Live Projects Guest Lectures Corporate Talks Peer learningRead more
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Ques. Which is better, a PGDM in banking and financial services at IMI, Delhi or a PGDM general in LBSIM, Delhi?

● Top Answer By Rajan Patel on 03 Mar 23

Ans. I can speak with certainty that PGDM at LBSIM is a far better option than PGDM in Financial services at IMI Delhi. My brother is a recent pass out from LBSIM and the following highlight of the institute are based on his personal experiences  The IIRF ranks LBSIM 25th among private colleges It has a spectacular ROI in terms of placements and fees LBSIM is famous for its student culture You can get an insight into various angles of the industry you will be dealing with in the future  You can avail an abundance of opportunities through live projects and get to have a detailed experience in your specialization. The institute prioritizes a practical approach over theoretical knowledge through academic activities outside the classroom Various academic and non-academic clubs make the environment a friendly one  The institute boasts of a 100% placement record It has an elaborate alumni network that is spread across top companies like Big Four’s, Arcesium, Marsh & Mclennan, Asian Paints, Crisil LBSIM collaborates with various international universities for its student exchange program. Some of them include Nanyang Technological University, Singapore, Northern Illinois University, USA, European Higher School of Economics and Management, Bulgaria etc. A unique feature of the B School is its Bloomberg Terminal which is restricted to the top B Schools like IIM B, IIM C, and FMS only. All these points clearly state that LBSIM is a very good choice for a PGDM program.Read more
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Ques. Which is better LBSIM, Delhi PGDM (general) or IMI, Delhi PGDM (B&FS)?

● Top Answer By Amay Singh on 03 Mar 23

Ans. PGDM BFS is a viable option if you are keen about numbers and finance in general. PGDM core and PGDM BFS rarely has a major difference in curriculum except that marketing subjects of BFS would be less intriguing and the major pedagogy is directed towards marketing of finance products and services only. A PGDM core student is open to a plethora of opportunities during placements as he is eligible to appear for companies offering marketing and sales profiles. On the contrary, a PGDM BFS student has been exposed to a customized curriculum that focuses mainly on Finance and lacks a wide range of opportunities. However, he has a more definite chance of securing placement at a company offering Finance roles like Banks and other financial institutions. This advantage seems very minimal right now but with the increase in the relevance of the curriculum and demand of the course, it will soon be coveted among Finance aspirants. The BFS faculties are considered to be among the best given the excellent performance of BFS students in the recent years and the increasing popularity of the course. The companies visiting the campus for BFS are not only banks but include AMCs, NBFCs, FinTechs and other Fin Services firms. The course targets the entire Banking and Finance sector.  At the end of the day, what remains of your college life is not the specific course you chose but the college you chose to pursue it. Be it PGDM Core or PGDM BFS, IMI Delhi is the perfect college to experience a great college life.Read more
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Ques. What should be the preference order of IMI Delhi courses - PGDM, PGDM-HRM, and PGDM-BFS?

● Top Answer By Churni Sengupta on 31 Oct 20

Ans. IMI Delhi is among the top B schools of Delhi NCR. It holds a distinct reputation for the establishment of centers of excellence in different streams of management. The faculty is experienced and well qualified. Pre-placement offers are also a dominant feature of the institute. Apart from placements it has attractive internship statistics also relating to better career growth. It offers streams in three major areas which are General, Human resources, and Banking & Financial Services. All these streams are linked to a single program which is PGDM but the decision underlining preference depends on factors like fees and placements, etc which are discussed below. Academics: The eligibility stays the same for all streams which are graduation with CAT/GMAT Score. Fees also stand common for all streams at INR 17.5 Lakhs. Placements: PGDM holds a batch strength of 224 students and generally ends up providing the highest package of INR 22 LPA. The average package is also quite decent with a range of INR 13.07 LPA PGDM HR has 45 students and managed to provide a salary range of INR 12 – 14.5 LPA. PGDM had 48 students with a 100% placement criterion and the highest package of INR 20.75 LPA and an average of INR 12.88 LPA. Sector-wise Placements: The recruitment details can clearly specify the sector & domain which turns out to be favorable with respect to the investment made. The details are as follows. PGDM Banking is a preferable sector as it attracts 29% of the placements. HR is looked upon for the IT/ITES / Media / TELECOM sector. The top recruiters for the BFSI sector are American Express, ICICI Bank, HDFC Bank, Tata Capital, and SBI Capital The top recruiters for the HR sector are Accenture, Infosys, Genpact, Capgemini. Going for PGDM General can give an opportunity to focus on manufacturing / real estate and the FMCG sector. The general preference of courses looked upon by potential students and alumni are PGDM Marketing then Banking and at last Human Resources.Read more
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Ques. How good in PGDM (B&FS) at IMI Delhi in terms of quality and placements?

● Top Answer By Kritika Jha on 26 Oct 20

Ans. International Management Institute has been ranked 9th and 28th for private MBA by Outlook and NIRF respectively. The college offers Post Graduate Diploma in Management in Banking & Financial Services as a two-year course. The fees for the course is 17.68 lakhs for the full period. Infrastructure & Facilities The college is built over a 3-acre campus and is home to a well-equipped library which includes journals, study material, magazines, and various e-learning facilities.  It has separate boys and girls hostels. The college has sporting facilities and sporting grounds available.  Other facilities such as an auditorium, gym, cafeterias, air-conditioned classes, and Wi-Fi are also available to the students. Placements The course has a perfect placement rate of 100%.  Top recruiters include Reliance, Genpact, Accenture, HDFC, and Deloitte.  The average offer received by students of PGDM (BFS) is 12 LPA. The highest package goes up to a whopping 20 LPA. IMI Delhi has been ranked highly among the top private universities in the country. The college has a very active placement cell which aims at providing a perfect placement rate consistently. The return on investment for the course is also extremely good, which makes it a recommendable institute. The curriculum is industry-based providing students with better knowledge for the corporate world.Read more
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Ques. Which college is better for Finance among IMT Ghaziabad (PGDM) & TAPMI BKFS?

● Top Answer By Manmeet Singh on 27 Jan 23

Ans. IMT is a well-established college and comparing it to a mediocre college like TAPMI is not justifiable. Of the two, IMT Ghaziabad is clearly a better choice. To explain further I have compared both these institutes on the basis of some parameters like Establishment: Both these institutes were established in 1980 so they carry an equal legacy. Alumni: Despite a similar legacy, IMT Ghaziabad alumni are placed in higher positions and top firms today. The extensive alumni network has opened gates for corporate and industry exposure. IMT Ghaziabad’s alumni comprise more than 300 CXOs. Location: IMT Ghaziabad enjoys a better location advantage over TAPMI Pedagogy: Both the Institutes are AACSB accredited and follow similar curriculums yet there is a stark difference in the quality of education. This is because of the better pedagogy at IMT Ghaziabad than at TAPMI. Faculty: IMT Ghaziabad's teaching methodology is way ahead of that of TAPMI and the credit goes to its excellent faculty with amazing profiles. They have great industry exposure and help the students grasp the concepts practically. Placements: IMT Ghaziabad has an upper hand in this aspect also. This can be explained further through the table below Particulars  IMT Ghaziabad  TAPMI Number of recruiters 130+ 21 Highest CTC INR 62 LPA INR 22.3 LPA Average CTC INR 15.28 LPA INR 15.7 LPA Top Recruiters  Morgan Stanley, BCG, Accenture Consulting, Goldman Sachs, Google, Infosys Consulting, Emami International, TATA Consumer Product  EY, HDFC Bank, HSBC Bank, Tata Capital From the table you can easily infer that the placement scenario is far better at IMT Ghaziabad than TAPMI. In fact in almost all aspects IMT Ghaziabad is way ahead so it’s definitely a better choice than TAPMI.Read more
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