Financial Analyst Salaries in India: 2024

Financial Analyst Courses

As the Indian economy continues to expand, the demand for skilled financial analyst professionals has seen a significant uptick. These professionals play a crucial role in guiding businesses through complex financial landscapes and making informed decisions that drive growth and sustainability. In 2024, financial analyst salary in India reflects the increasing value and demand for these experts. This comprehensive report will take you through the various aspects of financial analyst salary in India, providing an in-depth analysis of factors influencing earnings, regional disparities, industry-specific trends, and the impact of experience and education.

Overview of Financial Analyst Roles

Financial analysts are integral to the financial health of organisations. They analyse financial data, create financial models, and provide insights that help businesses make strategic decisions. Their responsibilities include:

  • Evaluating historical and current financial data
  • Performing variance analyses
  • Forecasting future financial performance
  • Assisting in budgeting processes
  • Advising on investment opportunities

The role demands a high level of analytical skills, attention to detail, and a deep understanding of financial markets and instruments.

Average Financial Analyst Salary in India in 2024

Entry-Level Financial Analyst Salary in India

For those just starting their careers, the financial analyst role offers a promising entry point into the financial sector. As of 2024, entry-level financial analyst salary in India range from INR 4 lakh to INR 6 lakh per annum. This range can vary based on the employer's size, location, and industry.

Mid-Level Financial Analyst Salary in India

Professionals with 3 to 5 years of experience can expect significant salary increases. For mid-level financial analyst salary in India is between INR 8 lakh to INR 12 lakh per annum. These analysts typically take on more complex tasks and may supervise junior analysts, contributing to strategic financial planning and decision-making.

Senior Financial Analyst Salary in India

Senior financial analyst salary ranges from INR 15 lakh to INR 25 lakh per annum, as the one has experience of over 5 years. These roles require extensive experience, advanced analytical skills, and often a specialised focus in areas such as risk management, mergers and acquisitions, or investment banking.

Factors Influencing Financial Analyst Salary

Educational Background

A strong educational foundation is critical for aspiring financial analyst in India. Those holding degrees from prestigious institutions or having relevant certifications such as CFA (Chartered Financial Analyst) or MBA (Master of Business Administration) often command higher salaries. Employers value these qualifications as they signify a robust understanding of financial principles and analytical proficiency.

Industry of Employment

Financial analyst salary in India vary significantly across different industries. Analysts in sectors such as investment banking, private equity, and consulting generally earn higher salaries compared to those in manufacturing or non-profit organisations. The financial services sector, in particular, offers lucrative compensation packages due to the high stakes and profitability associated with financial decision-making.


Geographical location plays a substantial role in determining salaries. Financial analysts in metropolitan areas like Mumbai, Delhi, and Bangalore tend to earn more due to the higher cost of living and concentration of major financial institutions and corporations. In contrast, salaries in smaller cities or rural areas may be lower but can be offset by a lower cost of living.

Company Size and Financial Health

Large multinational corporations and financially robust companies typically offer higher salaries and better benefits compared to smaller firms. These organisations have the resources to attract and retain top talent by offering competitive compensation packages, performance bonuses, and other incentives.

Regional Salary Variations


As the financial capital of India, Mumbai offers the highest salaries for financial analyst salary in India. Entry-level salaries start at approximately INR 5 lakh per annum, with senior financial analyst salary is upwards of INR 25 lakh per annum. The city's vibrant financial ecosystem, comprising stock exchanges, major banks, and multinational corporations, drives these competitive salary levels.


Delhi, with its mix of corporate headquarters and government institutions, also offers financial analyst salary in India. Entry-level positions start around INR 4.5 lakh per annum, while experienced analysts can earn between INR 15 lakh to INR 22 lakh per annum. The presence of numerous consulting firms and financial institutions in Delhi contributes to these lucrative salary ranges.


Known as the Silicon Valley of India, Bangalore's thriving tech industry also demands skilled financial analysts. Salaries here are comparable to those in Delhi, with entry-level positions offering around INR 4 lakh per annum and senior roles reaching up to INR 20 lakh per annum. The city's blend of technology and finance sectors creates diverse opportunities for financial professionals.

finance certification

Impact of Experience on Financial Analyst Salary in India

Experience is a crucial determinant of salary levels in the financial analyst profession. With increasing experience, analysts not only enhance their technical skills but also develop a deeper understanding of market dynamics and business strategies.

Junior Analysts (0-2 years)

Junior analysts typically earn between INR 4 lakh to INR 6 lakh per annum. Their roles involve basic financial analysis, data gathering, and reporting under the supervision of senior analysts.

Mid-Level Analysts (3-5 years)

Mid-level analysts see a salary boost to INR 8 lakh to INR 12 lakh per annum. They take on more responsibilities, including leading projects, developing financial models, and providing strategic recommendations.

Senior Analysts (6+ years)

Senior analysts, with extensive experience, command salaries ranging from INR 15 lakh to INR 25 lakh per annum. They are involved in high-level financial planning, and complex analyses and often have specialised expertise that adds significant value to their organisations.

Educational Qualifications and Certifications

Educational qualifications and certifications play a pivotal role in shaping the career and trajectory of financial analyst salary in India.

Bachelor's Degree

A bachelor's degree in finance, economics, accounting, or a related field is the minimum requirement for most entry-level positions. Graduates from reputed institutions often have an edge in securing higher starting salaries.

Master's Degree

Holding a master's degree, such as an MBA, can significantly enhance earning potential. MBA graduates, particularly those from top-tier business schools, are highly sought after and can command salaries that are substantially higher than those with only a bachelor's degree.

Professional Certifications

Certifications such as the Chartered Financial Analyst (CFA) designation are highly valued in the finance industry. CFAs typically earn higher salaries due to the rigorous training and expertise that the certification represents. Other relevant certifications include the Financial Risk Manager (FRM) and Certified Public Accountant (CPA) credentials.


In 2024, financial analyst salary in India reflect the critical role these professionals play in the financial sector. Various factors, including educational background, industry, location, and experience, influence salary levels. As businesses continue to navigate complex financial landscapes, the demand for skilled financial analysts remains robust, ensuring competitive compensation for those in the field.

Now that you've recognized the opportunities in a financial analyst career, it's time to discover a certified financial analyst course to enhance your career as a future financial analyst.  A recommended financial analyst course for enhancing your skills is the Financial Analysis Prodegree in Collaboration with KPMG. This program, provided by Imarticus, covers everything from fundamental to advanced finance analysis. It adopts a practical project-based approach, ensuring you gain a realistic learning experience for a secure finance career ahead!

Share This Post

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Our Programs

Do You Want To Boost Your Career?

drop us a message and keep in touch