Select Goal &
City
Select Goal
Write a ReviewGet Upto ₹300*
Explore
Explore More
review_banner
Study AbroadCourse Finder
    No Data Found

Salary of a Banker: In India, Per Month, Starting Salary, Highest Salary

Ahana Bhaduri's profile photo

Ahana Bhaduri

Content Writer | Updated 3+ months ago

MBA Banking And Finance Latest Updates

15 Sep, 2025 XAT registration 2026 is ongoing till December 5, 2025, at xatonline.in. Apply Now

01 Jul, 2025 IBSAT registration for MBA/PGDM 2026-28 session is open @ibsindia.org; exam will be held on December 27 and 28. Check Here

The average salary of a banker in India is INR 8.21 LPA while the starting salary of a banker in India is INR 3.92 LPA. Various determining factors such as experience, qualifications, and associated organizations play a key role in deciding the salary of a Banker. Delhi, Mumbai and Bangalore are some of the highest-paying cities offering more than 28 % above the national average as compared to rural banks or in rural areas. To Become a Banker in India, aspiring candidates can choose to pursue undergraduate and postgraduate banking courses, finance courses or management courses such as BBA in Finance, B.Com. 

Average Salary of a Banker

The average salary of a banker in India is INR 3.76 LPA. A banker can expect a starting salary of INR 2.50 LPA whereas a Banker with more than 10 years of experience can expect an annual average salary of INR 8.11 LPA. The monthly salary of a banker in India is INR 27,120. The highest salary of a banker can go up to as much as INR 23.29 LPA

Banks like the State Bank of India and Punjab National Banks are some of the public sector banks offering high pay. The employees in these banks earn a monthly income of more than INR 50,000 - 70,000. Bankers of various public sector banks are entitled to several other monetary benefits such as house rent allowance, dearness allowance, travel allowance and many more. The highest-paying Bank in India is the Reserve Bank of India. It is an apex institution offering the highest salary to its employees ranging from INR 1,00,000 - 1,50,000 per month. 

Read More: 

How to Become a Banker after 12th  Government Jobs for Bankers Types of Bankers

Salary of a Banker: Company Wise

The salary of a Banker is dependent on the profile of the bank. Some of the top banks are the State Bank of India, Standard Chartered, Punjab National Bank etc. The table below shows the average annual salary of a Banker in different organizations for your reference: Read More: Banking Jobs

Name of the Company Average Annual Salary (INR)
IDBI Bank 12.5 L
Canara Bank 6.78 L
ICICI Bank 7.23 L
Standard Chartered bank 8.90 L
Indusind Bank 7.12 L
State Bank of India 6.60 L
South Indian Bank 6.00 L
Central Bank of India 5.80 L
Bank of Baroda 5.52 L
Union Bank of India 4.70 L

Salary of a Banker: Qualification Wise

For being a professional Banker, apart from educational qualifications, the candidate must clear certain exams such as IBPS Clerk, PO, SO, and various other related entrance exams. Tabulated below is the salary of a Banker based on their qualifications for your reference, 

Qualification Average Annual Salary (INR)
Post Graduate Diploma Degree 6.60 L
Undergraduate Degree 9.11 L
Postgraduate Degree 14.02 L

Salary of a Banker: Skill Wise

Bankers are highly specialized and an expert in financial advising and looking after the management of the company. However, they are required to possess some skills and candidates get higher pay based on their skills. The average salary based on skills is provided below for your reference,

Skills Average Annual Salary (INR)
Banking 3.82 L
Customer Service 3.10 L
Auditing 4.60 L
Branch Banking 5.29 L
Information Security 6.08 L
Accounting 5.52 L
Customer Engagement 3.20 L

Salary of a Banker: Job Profile Wise

The job of a Banker varies according to their area of work and expertise. Every job profile has a different role to play in the management of a Bank. The average salary of a Banker based on their specialization is provided below for your reference, 

Job Profile Average Annual Salary (INR)
Private Banker 5.50 L
Personal Banker 4.76 L
Relationship Banker 7.81 L
investment Banker 7.92 L
Equity Analyst 6.63 L

Salary of a Banker: Experience Wise

Experience plays a determinant factor in calculating the salary of a Banker. The more experience a Banker has, the more their salary will be. The salary of a Banker based on years of experience is provided below for your reference, 

Experience Average Annual Salary (INR)
0 - 5 years 3.63 L
6 - 10 years 6.70 L
11 - 15 years 10.20 L
16 - 20 years 16.35 L
20 years & above 21.50 L

Salary of a Banker: City Wise

The salary of a Banker is also dependent on the area in which they reside. Different cities offer different pay packages to Bankers. The salary of a Banker residing in a metro city is more than compared to those living on the outskirts. The salary of a Banker in different cities is tabulated below mentioned below, 

Cities Average Annual Salary (INR)
Hyderabad 3.63 L
Mumbai 3.52 L
New Delhi 3.56 L
Bangalore 3.19 L
Chennai 3.33 L
Pune 3.47 L
Kolkata 3.01 L
Noida 3.28 L

Salary of a Banker: Country Wise

Bankers are in great demand globally. The UK, the US, France, and Australia are some of the highest-paying countries to Bankers. The average salary of a Banker in different countries is tabulated below for your reference,

Country Average Annual Salary (INR)
USA 81.67 L
UK 74.65 L
Australia 64.10 L
Canada 62.33 L
Germany 57.93 L
France 59.48 L
Japan 23.22 L

Skills Required to Become a Banker

A Banker is required to possess some soft skills, technical skills and some personality traits. These skills will help you stand out among the other candidates and also help you excel in the profession. Some of the most essential skill sets that are required to become a Banker in India are tabulated below for your reference

Computer Knowledge Risk management Compliance
Excellent numerical skills Attention to Detail Customer Service
Working Knowledge of regulations and Banking Thorough understanding of banking and financial solutions Excellent interpersonal and communication skills

Top Recruiters

As the banking industry is growing, the demand of bankers is also increasingSome of the top recruiters who hire freshers as well as experienced candidates for various positions are tabulated below for your reference, 

ICICI Bank State Bank of India Max Life Insurance
Canara Bank Axis Bank Punjab National Bank
Standard Chartered Bank Kotak Mahindra Bank IDFC First Bank
HDB Financial Service AU Small Finance Bank Citi Bank

Salary of a Banker: FAQs

Ques. What do Bankers do?

Ans. Some of the roles of a Banker are:

  • Assist personal and commercial clients with financial question
  • Maintain accounts
  • Give financial advice to their clients
  • Gather financial information

Ques. What are the options after completing a course in Banker?

Ans.  The career options after completing a course in are:

  • Personal banker
  • Relationship Banker
  • Insurance Banker
  • Investment Banker
  • Equity analyst 

Ques. What is the salary of a Banker after completing Undergraduate?

Ans. The average salary of a Banker after they have completed undergraduate program is around INR 3.92 LPA, but the same is also dependent on the years of experience, company in which the candidate is working, etc.

Ques. What are the Skills required to be a Banker ?

Ans. The main skills required to become a Banker are:

  • Financial Analysis
  • Insurance
  • Microsoft Excel
  • Computer Knowledge

Ques. What are the certificate courses required to be a Banker?

Ans. The certificate courses required to be a Banker are:

  • PG certificate in Banking
  • Certificate in Bank Analysis 
  • Advanced certificate in commercial banking
  • Certificate in rural banking

Ques. What is the highest salary of a Banker?

Ans. According to Glassdoor, the highest salary of a Banker is around INR 20 LPA.

Ques. How many semesters are there in BBA in Banking and Insurance ?

Ans. There are a total of 6 semesters in BBA in Banking and Insurance. The duration of BBA in Banking and Insurance is 3 years.

Ques. Do Bankers get pension after retirement?

Ans. Although the pension is not granted to government employees after 2005 but bankers are entitled to get other monetary benefits such as provident fund, Gratuity etc

Ques. Do Bankers earn a good salary?

Ans. The salary package of a Banker depends upon the performance and the years of experience. The starting salary of a Banker is around INR 3.72 LPA. A Banker with an experience of 5 years or above earns around INR 7.40 LPA.

Ques. Is Banker a good career option? 

Ans. Yes, the scope of a Banker is very vast and popular among the youngsters. The employment opportunities for Bankers are very good. After getting the degree from reputed institutes/universities, one can work with top banks by clearing the entrance exams if any.

Master of Business Administration [MBA] (Banking and Finance) : 17 answered questions

VIEW ALL

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
0
0
1 Answer
●●●
Upvote
Downvote
Report

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
0
0
1 Answer
●●●
Upvote
Downvote
Report

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
0
0
1 Answer
●●●
Upvote
Downvote
Report

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
0
0
1 Answer
●●●
Upvote
Downvote
Report

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
0
0
1 Answer
●●●
Upvote
Downvote
Report

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
0
0
1 Answer
●●●
Upvote
Downvote
Report

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
0
0
1 Answer
●●●
Upvote
Downvote
Report

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
0
0
1 Answer
●●●
Upvote
Downvote
Report

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
0
0
1 Answer
●●●
Upvote
Downvote
Report

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
0
0
1 Answer
●●●
Upvote
Downvote
Report

Comments

No Comments To Show
FEATURED COURSES
Also Visited Courses

Master of Business Administration [MBA] (Banking and Finance) Colleges IN INDIA

View All
SRM Institute of Science and Technology - [SRMIST]
follow

SRM Institute of Science and Technology - [SRMIST]

Chennai, Tamil Nadu
NCTE
MBA/PGDM(2 Yrs)10.0
₹ 4.6 L first year fees
VIEW ALL COURSES & FEES
TAPMI Manipal
follow

TAPMI Manipal

Manipal, Karnataka
AICTE
MBA/PGDM(2 Yrs)9.9
₹ 10.35 L first year fees
VIEW ALL COURSES & FEES
Aligarh Muslim University - [AMU]
follow

Aligarh Muslim University - [AMU]

Aligarh, Uttar Pradesh
UGC
MBA/PGDM(2 Yrs)9.8
₹ 19.39 K first year fees
VIEW ALL COURSES & FEES
Symbiosis School of Banking and Finance - [SSBF]
follow

Symbiosis School of Banking and Finance - [SSBF]

Pune, Maharashtra
AICTE
MBA/PGDM(2 Yrs)9.7
₹ 9.1 L first year fees
VIEW ALL COURSES & FEES
Amity University
follow

Amity University

Gurgaon, Haryana
AICTE
MBA/PGDM(2 Yrs)9.7
₹ 4.52 L first year fees
VIEW ALL COURSES & FEES
CMS Business School, Jain University
follow

CMS Business School, Jain University

Bangalore, Karnataka
AICTE
MBA/PGDM(2 Yrs)9.6
₹ 12.05 L Total fees
VIEW ALL COURSES & FEES
Amity Business School - [ABSM] Manesar
follow

Amity Business School - [ABSM] Manesar

Gurgaon, Haryana
AICTE
MBA/PGDM(2 Yrs)9.6
₹ 4.52 L first year fees
VIEW ALL COURSES & FEES
MIT World Peace University - [MIT-WPU]
follow

MIT World Peace University - [MIT-WPU]

Pune, Maharashtra
PCI
MBA/PGDM(2 Yrs)9.6
₹ 5 L first year fees
VIEW ALL COURSES & FEES

SUBSCRIBE TO OUR NEWS LETTER

COLLEGE NOTIFICATIONS
EXAM NOTIFICATIONS
NEWS UPDATES
TOP COLLEGES
m.b.a
b.tech/b.e
mca
bca
m.tech
ma
ba
TOP UNIVERSITIES
engineering
management
medical
law
commerce
science
arts
Top Exam
cat
gate
jee-main
neet
xat
clat
mat
study abroad
canada
usa
uk
uae
australia
germany
sweden
ireland
new zealand
hong kong
singapore
malaysia
netherlands
italy
other links
about collegedunia
contact us
advertising
career
terms & conditions
Download the Collegedunia app on downloadapp_banner imagedownloadapp_banner image
© 2025 Collegedunia Web Pvt. Ltd. All Rights Reserved