You just got your BCom, and you want to step into the world of finance. You seek a job that pays well and grows with time. But you ask—how much can you earn as a financial analyst in India?
The field of funds grows each day, and firms need bright minds. From fresh graduates to those with years of work, this role gives a good wage and scope. However, cash flow, skill, place, and work type shape pay.
In this blog, we break down the financial analyst salary in India, from entry-level positions to senior roles. We will also discuss the impact of a CFA course and other certifications on salary growth.
What Does a Financial Analyst Do?
Financial analysts evaluate financial data between businesses and investors to lead them toward better decision-making. By analysing market data along with economic conditions and company reports, financial analysts recommend stock buy or sell decisions together with bond purchases, property acquisition and commodity investments.
Junior Analyst: 0–3 Years of Experience
In the first few years of their career, junior financial analysts spend most of their time gathering data, updating financial models and spreadsheets, and reviewing industry news and reports. Their work with these tasks allows junior analysts to develop comprehensive knowledge about a designated business sector or industry.
Senior Analyst: 3+ Years of Experience
Once junior analysts gain industry expertise and build a strong professional network, they transition into the role of senior analyst. At this stage, they focus on interpreting financial data to form investment opinions.
Key Responsibilities
- Examining financial information comprises reviewing organisational accounting records and market tendencies together with economic monitoring procedures to gauge business health.
- Future performance predictions require financial tools to evaluate investment and business operations dynamics.
- The financial expert recommends what assets investors should purchase or dispose of as a result of evaluation and financial examination.
- The role includes portfolio management duties, which cover investment strategy development as well as risk measurement and financial outcome monitoring for achieving business targets.
The salary of a financial analyst in India largely depends on these skills and expertise. Financial analysts find employment within banks, together with insurance companies, investment funds and several other financial organisations. Multiple financial analysts find employment with regulatory bodies operating under the Securities and Exchange Commission (SEC).
The finance industry contains diverse positions that fall under the role of financial analyst. Their core responsibility involves checking company financial documents to discover suitable investment prospects. Through financial asset analysis, financial analysts aid businesses and investors in making well-informed choices.
Financial analysts determine merger and acquisition worth through their examination of economic trends and financial market analysis before making investment recommendations for profitable gains. Financial models help predict investment returns, while risk evaluation supports the development of secure financial planning methods.
Financial Analyst Salary in India: A Breakdown
Financial analyst salary per month varies based on experience, qualifications, and location.
A financial analyst’s salary per month amounts to approximately ₹50,000, excluding additional earnings.
Average Financial Analyst Salary in India (2024)
| Experience Level | Average Annual Salary (INR) | Monthly Salary (INR) |
| Entry-Level (0-2 years) | ₹4 - ₹6 LPA | ₹33,000 - ₹50,000 |
| Mid-Level (3-5 years) | ₹7 - ₹12 LPA | ₹58,000 - ₹1,00,000 |
| Senior Financial Analyst (6+ years) | ₹12 - ₹20 LPA | ₹1,00,000 - ₹1,67,000 |
Financial Analyst Salary in India: By Industry
Each industry provides financial analysts with distinct pay structures and unique financial problems, which lead to different salary levels in those sectors. Higher compensation levels exist within the banking and finance sectors because of their advanced demands and detailed requirements.
| Industry | Average Annual Salary (INR) |
| Banking and Finance | 8L |
| IT and Technology | 8L |
| Healthcare | 7L |
| E-commerce | 8L |
| Manufacturing | 7.5L |
Financial Analyst Salary in India: By Experience Level
Analysts at the entry-level perform data collection activities and conduct basic analysis, and mid-level workers handle financial modelling and forecasting duties. At the senior level of analysis, responsibilities consist of both strategic planning and leadership tasks. As expertise grows, so does the senior financial analyst salary, reflecting the increased value they bring to organisations.
| Experience Level | Average Annual Salary (INR) | Responsibilities |
| Entry-Level | 4L | Data collection, basic analysis. |
| Junior-Level | 5L | Advanced reporting, initial forecasting. |
| Mid-Level | 7.5L | Financial modelling, strategy input. |
| Senior-Level | 14L | Leadership, high-level strategy. |
| Lead/Director | 20+L | Overseeing financial operations, driving growth. |
(Source: Glassdoor)
Financial Analyst Salary in India: By Location
The geographical area where analysts work directly determines how much they can earn.
Average salaries in major Indian cities:
| City | Average Annual Salary (INR) |
| Mumbai | ₹0.1–632 lakhs per year |
| Delhi NCR | ₹0.2–450 lakhs per year |
| Bengaluru | ₹0.1–102 lakhs per year |
| Hyderabad | ₹0.1–51 lakhs per year |
(Source: AmbitionBox)
The job title that a financial analyst holds directly affects their salary and compensation levels. Higher financial analysis roles that require more responsibility and expertise, such as senior financial analyst and financial associate, along with business analyst, result in higher salaries.
Average Annual Salaries by Job Title:
- Senior Financial Analyst Salary– ₹8-15 lakh per year
- Financial Associate – ₹5-10 lakh per year
- Business Analyst – ₹4-8 lakh per year
Career Growth Graph for Financial Analysts
Financial Analyst (0-3 years) ➝ Senior Financial Analyst (4-6 years) ➝ Finance Manager (6-10 years) ➝ Investment Head/CFO (10+ years)
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FAQ
- What is the average financial analyst salary for BCom graduates in India?
New hires earn ₹4-6L a year, while skilled pros make up to ₹20L a year.
- What is the financial analyst salary per month in India?
The pay starts at ₹33K-50K a month and can go up to ₹1.5L for top ranks.
- Which industries pay the highest salary in India?
Banks, IT, and investment firms pay the most, from ₹7-20L a year.
- Can a CFA boost a financial analyst's salary?
Yes, a CFA course can raise pay by 30-50%, making one stand out.
- Which towns in India give the most pay for financial analysts?
Mumbai, Bengaluru, and Delhi NCR give the most pay for this job.
- Which companies pay the most for financial analysts in India?
Deloitte, KPMG, PwC, Accenture, and EY pay from ₹4-15L a year, based on skill.
