Financial Analysts analyse financial data, assess investment opportunities and provide recommendations to individuals, businesses and institutions. Their primary role is to help clients make informed financial decisions by evaluating and analysing different parameters. The average salary of a Financial Analyst in India is INR 4.5 LPA with the highest salary being INR 12.3 LPA. To become a Financial Analyst, candidates have to enrol in different finance courses such as BSc, BBA, BCom and MBA.
Financial Analyst Salary in India
The average salary of a Financial Analyst in India is INR 4.5 LPA. The starting salary for a Financial Analyst is 2.1 LPA while the highest salary is INR 12.3 LPA. The estimated monthly salary in India for Financial Analysts is between INR 33,547 to INR 34,809.
Financial Analysts with experience of about 5 years can earn up to INR 5.1 LPA in India. Investment analysts and Business analysts are top designations with average annual salaries of INR 8 LPA and INR 6.9 LPA respectively.
Financial Analyst Salary: Experience Wise
Experience is one of the determining factors for deciding a Financial Analyst’s salary in India. Financial Analysts with experience are compensated more compared to those with less experience because of the expertise they possess.
The following table highlights the Financial Analyst salaries based on years of experience.
| Experience Years | Average Annual Salary (INR) |
|---|---|
| 1 - 2 years | 4.10 L |
| 2 - 3 years | 4.40 L |
| 3 - 4 years | 4.70 L |
| 4 - 5 years | 5.10 L |
Financial Analyst Salary: Designation Wise
Financial Analyst is a rapidly evolving profession with varied salaries depending upon the various designations. Financial Analyst salaries for some of the top designations are mentioned in the table below.
| Designations | Average Annual Salary (INR) |
|---|---|
| Senior Financial Analyst | 6.50 L |
| Financial Associate | 3.50 L |
| Associate Analyst | 3.80 L |
| Senior Analyst | 6 L |
| Business Analyst | 6.90 L |
| Credit Analyst | 5 L |
| Investment Analyst | 8 L |
| Risk Analyst | 5.50 L |
Financial Analyst Salary: Skill Wise
Financial Analysts are skilled professionals mastering various finance-related skills to excel in their roles. Financial Analyst salaries according to different skills are mentioned in the following table.
| Skill Set | Average Annual Salary (INR) |
|---|---|
| Finance Analysis | 4.50 L |
| Finance Management | 12.50 L |
| Accounting | 2.50 L |
| Financial Planning | 3.50 L |
| Auditing | 2.70 L |
| Excel | 3.40 L |
Financial Analyst Salary: Qualification Wise
Financial Analysts often possess higher degrees and training to perform their tasks efficiently. Professionals with full-time degrees earn more than those with short-term courses. The following table highlights the salaries of Financial Analysts at different qualification levels.
| Degree Pursued | Average Annual Salary (INR) |
|---|---|
| Diploma | 2 L - 8 L |
| Bachelor’s | 4 L - 5 L |
| Master’s | 7 L - 20 L |
Financial Analyst Salary: Company Wise
Financial Analysts are hired by various companies to help their clients in evaluating correct investment opportunities and other financial services. The table below highlights the salary of some of the top recruiters of Financial Analysts in India.
| Name of the Companies | Average Annual Salary (INR) |
|---|---|
| EClerx | 2.80 L |
| Accenture | 6.80 L |
| Wells Fargo | 4.50 L |
| TCS | 3.10 L |
| XL Dynamics | 5.90 L |
| Northern Trust Operating Services | 4 L |
| IBM | 3.90 L |
| ABB Group | 4.10 L |
| Maersk | 5 L |
Financial Analyst Salary: City Wise
Financial Analyst salaries vary widely based on location. The profession allows candidates to work in different cities with varied salaries. Financial Analyst salaries from some of the top Indian cities are mentioned in the table below.
| Name of the Cities | Average Annual Salary (INR) |
|---|---|
| New Delhi | 6.10 L |
| Mumbai | 5.90 L |
| Bangalore | 5.70 L |
| Hyderabad | 5.70 L |
| Pune | 5 L |
Financial Analyst Salary: Country Wise
Because of their decision-making and guidance skills, Financial Analysts are in demand all over the world. Candidates can also apply for financial analysis jobs in other countries after completing their education. Some of the top countries with good pay for Financial Analysts are mentioned in the table below.
| Name of the Countries | Average Annual Salary (INR) |
|---|---|
| USA | 63.13 L |
| UK | 49.63 L |
| Japan | 51.33 L |
| Australia | 73.66 L |
Financial Analyst Salary: FAQs
Ques. What is the average salary of a Financial Analyst in India?
Ans. The average salary of a Financial Analyst in India is INR 4.5 LPA with the highest salary being INR 12.3 LPA.
Ques. What are the factors that affect the salary of a Financial Analyst?
Ans. Experience, education, skill, industry expertise and location are some of the top factors that affect the salary of a Financial Analyst in India.
Ques. Are there any additional benefits that Financial Analysts receive?
Ans. Financial Analysts working in certain industries may receive perks like bonuses, performance incentives, retirement benefits, stock options and more.
Ques. Do Financial Analysts receive higher salaries in certain industries?
Ans. Due to the complexity and specific demands, industries like banking, financial services, consulting and IT sectors often pay relatively higher salaries to their Financial Analysts compared to other industries.
Ques. Are there opportunities for career growth in the Financial Analyst role?
Ans. As Financial Analysts gain experience and demonstrate their skills, they can advance to positions like senior analyst, investment analyst, risk analyst or similar roles with higher salaries.
Ques. Is there a difference in Financial Analyst salaries across different cities in India?
Ans. Generally, urban areas offer higher salaries due to higher living costs and the concentration of financial institutions and companies in India.
Ques. Which industries are paying the most to Financial Analysts in India?
Ans. Banking, Financial Services, IT Services, Software Products and Analytics are some of the top-paying industries for Financial Analysts in India.
Ques. Which city is paying the most to Financial Analysts in India?
Ans. With an average annual salary of INR 6.1 LPA, New Delhi is the best city for Financial Analysts in India.
Ques. How much does a Senior Financial Analyst make in India?
Ans. A senior Financial Analyst earns up to INR 6.5 LPA in India.
Ques. How much TCS is paying its Financial Analysts in India?
Ans. Financial Analysts in TCS are earning up to INR 3.1 LPA.
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