Last updated on July 26th, 2024 at 12:12 pm
India has successfully secured its position as the 5th largest economy globally. Thus, as the economy here grows and diversifies, the demand for financial expertise continues to rise.
The financial sector is experiencing quick expansion and offers the best opportunities. It is now attracting financial experts with the highest paying finance jobs. These positions are helping businesses streamline their operations. In this article, I will discuss the most high-paying finance jobs in India.
The Highest-Paying Finance Jobs in India in 2024
Getting a job in finance company is rewarding. It is not only because individuals ensure higher income but because they play a crucial role in improving the economy. Therefore, there are several options to explore in the finance sector.
So, let's look at the list of careers in finance in India. Individuals can choose their preferred option for getting a higher income.
- Chief Risk Officer
The Chief Risk Officer is the highest-paying job in finance company. These experts mainly identify, evaluate, and mitigate the financial risks of any organization. The CRO ensures that that particular company's risk management policies and procedures stay powerful and effective.
They check risks related to credit, investments, market events, and business operations. The chief risk officer does the field work and addresses the potential dangers to a company. The skills candidates need to become a CRO are: (Source)
- A Bachelor's degree and experience in the finance field
- Some ask for leadership experience
- Certification in financial analysis, evaluation, and risk management is preferable
Salary: The average salary is Rs.43,00,000 per year (Source)
- Chief Financial Officer
The CFO or Chief Financial Officer is an executive officer in a finance company. It is one of the highest paying finance jobs in India. The role of a CFO is to check a company's financial planning and identify its weaknesses and strengths.
After evaluating everything, these experts propose their corrective actions. In short, the CFO shapes the financial strategies of the company to ensure sustainable growth and profit. To become a CFO, individuals need to have: (Source)
- A Bachelor's degree in Finance
- Years of experience in the finance field
- A Master's Degree in Finance is preferable
Salary: The average salary is Rs. 20,50,000 per year (Source)
- Financial Actuary
If anyone wants to make a career in finance company, they can become a Financial Actuary. It is another highly rewarding job in the finance sector. These professionals use statistics, mathematics, and financial theory to predict uncertain future events.
They evaluate the financial risks of a company and help in designing policies and financial strategies. With them, they mitigate the chances of a company's financial loss. The skills individuals need to become a Financial Actuary are: (Source)
- A Bachelor's degree in statistics/mathematics/economics or MBA in Finance and CA
- Individuals need to qualify for IAI's conducted 15 exams
- Three years of experience in the finance field
Salary: The average salary is Rs.12,00,000 per year (Source)
- Hedge Fund Manager
In the list of careers in finance in India, Hedge Fund Manager is there with a high pay scale. The Hedge Fund Managers handle investment portfolios that want to generate high returns for their clients. It is a demanding career in finance in India as they have the right financial knowledge.
They use advanced strategies to reduce risks and increase profits. These experts work for both institutional organizations and individual investors. The investors can identify highly profitable investment opportunities. To become a Hedge Fund Manager, individuals must have: (Source)
- Graduation in Economics/Finance/Investment Banking/Business Administration
- A Master's in Banking Investment or Finance is preferable
- Some specific certifications are also preferable, such as CHP, CFA, FRM, etc.
Salary: The average salary is Rs.17,49,920 per year (Source)
- Private Equity Associate
When talking about the finance jobs salary, how we can avoid the Private Equity Associate position. They work with investment firms to identify and handle investment opportunities in private companies.
These experts source details and manage the companies' investment portfolios. They have strong analytical skills and understand the financial market very well. To get this job in finance company, individuals need to have the following:
- A Bachelor's or Master's Degree in Finance/Economics/Accounting
- Necessary knowledge and skills in finance
- Years of experience in the finance field
Salary: The average salary is Rs. 8,90,000 per year (Source)
- Investment Banker
The Investment Banker is one of the highest paying finance jobs in India. Their role in the capital market is evident. Investment bankers help companies raise their capital through underwriting and issuing securities.
It can be one of the best finance related jobs for freshers but come up with a heavy workload. They analyse financial data and conduct a market search to interpret trends and patterns. These experts also predict the risks of every investment opportunity. The eligibility criteria for this role are: (Source)
- A Bachelor's degree in Finance
- A Master's degree in Banking and Finance
- A CFI or CFA certification is preferable
Salary: The average salary is Rs. 11,00000 (Source)
- Financial Analyst
The Financial Analyst is one of the high-paying finance jobs in India that is high in demand. These professionals help businesses make sound investment decisions. They evaluate financial data, make financial models, and offer insights into market trends.
They work in banks, investment firms, and corporations. The main role of a Financial Analyst is to advise investors on where they should invest their resources. They help the organizations to improve their financial performance. The skills individuals need to become a Financial Analyst are: (Source)
- Graduation in Accounting/Finance/Economics/equivalent
- A Master's degree in Finance is preferable
- Professional certification for senior-level position
Salary: The average salary is Rs. 6,60,000 per year
- Compliance Analyst
The Compliance Analyst is on the list of careers in finance in India because it is in high demand. These professionals ensure that financial institutions adhere to internal policies and regulatory requirements.
They track transactions, identify compliance risks, and conduct audits. To ensure compliance, they check data, processes, and the financial structure of a company. The salary of this finance job can increase over time, like other jobs. The eligibility criteria for this role are:
- A Bachelor's degree in Finance
- A master's MBA in Finance is preferable
Salary: The average salary is Rs. 6,60,000 per year (Source)
- Loan Officer
The Loan Officer, being one of the highest paying finance jobs in India, has many responsibilities. These officers evaluate, authorize, and recommend loan application approval for businesses and individuals. They also check the creditworthiness of a candidate.
Their primary job in finance company is to ensure all the loans comply with regulatory standards. Also, they handle the financial risks of the financial institutions and help maintain their reputation. To become a Loan Officer, individuals need to have: (Source)
- Graduation in Banking, Finance, Business Administration, Economics or a related field
- A Master's in Finance is preferable
Salary: The average salary is Rs. 31000 per year (Source)
- Senior Accountant
The Senior Accountant is one of the most demanding finance jobs in India. These finance experts handle the preparation of a company's financial statements. They ensure compliance with accounting standards and offer financial advice.
The Senior Accountants play a crucial role in maintaining an organization's financial integrity. They conduct audits to identify areas for improvement and make accurate financial reports. Through this, they ensure smooth business operations. The eligibility criteria for this role are:
- Graduation in Business Administration, Finance, Accounting, or equivalent
- MBA is preferable
Salary: The average salary is Rs. 6,50,000 per year (Source)
To make a career in Finance in India, enroll in the Postgraduate Financial Analysis Program. It prepares freshers and professionals to thrive in their careers.
How Can Individuals Get the Highest Paying Jobs in Finance?
Many seek finance related jobs for freshers as they offer high pay rates. But, landing a high-paying finance job is time-consuming and tough. Individuals need to move forward with strategic planning.
- Getting relevant degrees is important to get a high-paying finance job in India. It increases the chances of getting a job. Having professional certification is an additional advantage as it showcases the expertise and experience of the candidate.
- Gain theoretical knowledge through financial analysis course to get valuable industry insights and grow financial skills. The program can give individuals the expertise they need to get finance related jobs for freshers and professionals.
- Develop strong technical skills and improve your soft skills. These are important to advance your career to senior roles in the future.
- Research the job portals and find high-paying finance jobs in India. Individuals need to choose something that aligns with their expertise area.
The graduates can enroll in the Postgraduate Financial Analysis Program if they want to make a finance career. This program will transform their professional career.
Conclusion
India offers several high-paying finance jobs for professionals and freshers. So, making a career in the finance sector is easy if individuals have patience and do hard work. Here, we shared the top demanding finance roles with finance jobs salary.
Individuals who want to make a successful finance career can enroll in the Postgraduate Financial Analysis Program. With it, equip yourself with all the necessary financial skills and knowledge easily.
FAQ's
There are many highest paying finance jobs available in India. Some of them are Investment Banking, Hedge Fund Manager, Chief Financial Officer, etc.
Yes, all freshers can begin their careers in finance from entry-level positions. So, search for the best finance related jobs for freshers and land a lucrative finance job.
Yes, getting a job in finance company is a good option as it offers high pay rates. The scope of career growth is also very high in finance jobs.
All finance jobs are hard to get. However, the toughest ones are senior accountants, investment bankers, private equity associates, etc.
