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FINANCE & BANKING / SALARY
Average Salary - Finance & Banking / Mumbai MUMBAI


SALARY SURVEYS

207

UPDATED
February 2024
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AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)

83.19 INR = 1 USD

2,591,389 INR

$31,151 USD
Bangalore

1,992,435 INR

582,316 INR

$7,000 USD
Including "Bangalore"
Excluding "Bangalore"

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Average Salary / Finance & Banking / Mumbai

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Average salary for Finance & Banking / Mumbai is 2,591,389 INR per year. The most typical earning is 582,316 INR. All data are based on 207 salary surveys. Salaries are different between men and women. Men receive an average salary of 2,587,146 INR. Women receive a salary of 1,630,484 INR.

Based on education, the highest salaries receive people with Doctorate Degree with salary of 3,585,402 INR. The second most paid education level is Masters Degree with salary of 2,545,552 INR.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of 6,738,228 INR. Employees with 20+ Years of experience receive 5,473,770 INR.

Levels / Finance & Banking / Mumbai (Gross INR)

Salary Levels (INR) per Year Surveys [%]
83,200 INR - 166,299 INR
0 n/a
166,400 INR - 249,499 INR
0 n/a
249,600 INR - 415,899 INR
8 100%
3.86%
THE MOST TYPICAL SALARY
415,900 INR - 831,799 INR
29 96.14%
14.01%
831,900 INR - 1,247,699 INR
26 82.13%
12.56%
1,247,800 INR - 1,663,699 INR
26 69.57%
12.56%
1,663,800 INR - 2,079,599 INR
22 57%
10.63%
2,079,700 INR - 2,495,599 INR
23 46.38%
11.11%
2,495,600 INR - 2,911,499 INR
23 35.27%
11.11%
2,911,600 INR - 3,327,399 INR
10 24.15%
4.83%
3,327,500 INR - 3,743,399 INR
4 19.32%
1.93%
3,743,500 INR - 4,159,299 INR
7 17.39%
3.38%
4,159,400 INR - 4,575,299 INR
3 14.01%
1.45%
4,575,300 INR - 4,991,199 INR
2 12.56%
0.97%
4,991,300 INR - 5,407,099 INR
5 11.59%
2.42%
5,407,200 INR - 5,823,099 INR
3 9.18%
1.45%
5,823,200 INR - 6,238,999 INR
0 n/a
6,239,100 INR - 6,654,999 INR
3 7.73%
1.45%
6,655,000 INR - 7,070,899 INR
2 6.28%
0.97%
7,071,000 INR - 7,486,799 INR
0 n/a
7,486,900 INR - 7,902,799 INR
2 5.31%
0.97%
7,902,900 INR - 8,318,699 INR
1 4.35%
0.48%
8,318,800 INR - 8,734,699 INR
1 3.86%
0.48%
8,734,700 INR - 9,150,599 INR
0 n/a
9,150,700 INR - 9,566,499 INR
1 3.38%
0.48%
9,566,600 INR - 9,982,499 INR
1 2.9%
0.48%
9,982,600 INR - 10,398,399 INR
1 2.42%
0.48%
10,398,500 INR - 10,814,399 INR
0 n/a
10,814,400 INR - 11,230,299 INR
0 n/a
11,230,400 INR - 11,646,199 INR
1 1.93%
0.48%
11,646,300 INR - 12,062,199 INR
0 n/a
12,062,300 INR - 12,478,099 INR
0 n/a
HIGH SALARIES
12,478,200 INR - 13,309,999 INR
0 n/a
13,310,100 INR - 14,141,899 INR
1 1.45%
0.48%
14,142,000 INR - 14,973,799 INR
0 n/a
14,973,800 INR - 15,805,599 INR
1 0.97%
0.48%
15,805,700 INR - 16,637,499 INR
0 n/a
16,637,600 INR - 17,469,399 INR
0 n/a
17,469,500 INR - 18,301,299 INR
0 n/a
18,301,400 INR - 19,133,199 INR
0 n/a
19,133,200 INR - 19,964,999 INR
0 n/a
19,965,100 INR - 20,796,899 INR
1 0.48%
0.48%
20,797,000 INR - 29,115,799 INR
0 n/a
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Gender / Finance & Banking / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Men 170 2,587,146 INR
2 Women 22 1,630,484 INR

Education / Finance & Banking / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Doctorate Degree 9 3,585,402 INR
2 Masters Degree 143 2,545,552 INR
3 Bachelors Degree 55 2,537,234 INR

Experience / Finance & Banking / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 16-20 Years 15 6,738,228 INR
2 20+ Years 7 5,473,770 INR
3 12-16 Years 20 3,959,748 INR
4 8-12 Years 37 2,512,277 INR
5 4-8 Years 64 1,880,048 INR
6 1-2 Years 9 1,838,454 INR
7 2-4 Years 42 1,788,542 INR
8 0-1 Year 13 973,299 INR

Age / Finance & Banking / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 41-45 15 5,348,988 INR
2 46-50 3 5,082,787 INR
3 n/a 15 4,051,255 INR
4 51-55 2 3,934,792 INR
5 36-40 25 3,768,416 INR
6 31-35 48 2,162,888 INR
7 26-30 79 2,004,830 INR
8 21-25 20 781,967 INR

Work Type / Finance & Banking / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Self Employed 3 3,635,315 INR
2 Permanent 193 2,620,422 INR
3 Contract 11 1,813,498 INR

Careers / Finance & Banking / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Bank Manager 6 6,987,792 INR
2 Economist 2 4,475,514 INR
3 Hedge Fund Manager 2 4,417,283 INR
4 Other Finance Career 19 3,593,721 INR
5 Risk Manager 18 3,585,402 INR
6 Investment Manager 12 3,161,144 INR
7 Financial Adviser 10 3,036,362 INR
8 Finance Manager 32 2,695,291 INR
9 Financial Accountant 7 2,312,626 INR
10 Banks 11 2,254,394 INR
11 MBA 29 1,979,874 INR
12 Tax Manager 2 1,938,280 INR
13 Risk Analyst 15 1,921,642 INR
14 Chartered Financial Analyst 3 1,555,615 INR
15 Financial Analyst 33 1,489,065 INR
16 Mortgage Underwriter 1 1,073,125 INR
17 Stock Broker 2 856,836 INR
18 Fund Manager 2 623,910 INR
19 Bank Cashier 1 515,765 INR

People's individual salary examples (surveys)

Analyst
Posted 11 September 2022
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 0-1 Year Basic 448,000 INR

Analyst
Posted 08 September 2022
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 0-1 Year Basic 448,000 INR

Chief Executive Officer
Posted 27 July 2022
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 16-20 Years Expert 5,209,600 INR

Analyst
Posted 19 July 2022
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 0-1 Year Intermediate 573,400 INR

Underwriter
Posted 13 June 2022
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years Advanced 1,072,900 INR

Onboarding
Posted 10 June 2022
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 1-2 Years Expert 7,510,300 INR

Model Risk Analyst
Posted 27 March 2022
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 0-1 Year Intermediate 2,129,300 INR

Risk Analyst
Posted 24 November 2021
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years Advanced 744,600 INR

Associate Director
Posted 21 September 2021
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years Expert 3,105,800 INR

Investment Banking
Posted 20 May 2021
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years Advanced 4,124,300 INR

Fund Servicing
Posted 27 February 2021
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years n/a 1,942,900 INR

Rating Analyst
Posted 12 December 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 552,600 INR

Director
Posted 10 December 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 20+ Years n/a 6,980,800 INR

Vice President
Posted 19 November 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 16-20 Years n/a 6,399,100 INR

Risk Associate
Posted 03 November 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 9,889,600 INR

Assistant Manager
Posted 28 October 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 2,210,600 INR

Senior Research Associate
Posted 11 October 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 1,721,900 INR

Senior Associate
Posted 14 September 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 814,400 INR

Zonal Manager
Posted 01 September 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 20+ Years n/a 4,072,100 INR

Senior Manager Finance
Posted 01 September 2020
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 20+ Years n/a 2,629,400 INR

Economist
Posted 09 July 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 12-16 Years n/a 7,795,300 INR

Fundmanager
Posted 24 May 2020
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 20+ Years n/a 11,634,800 INR

Area Sales Manager
Posted 14 May 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 1-2 Years n/a 698,000 INR

Manager
Posted 11 May 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 2,385,100 INR

Analyst
Posted 09 May 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 0-1 Year n/a 698,000 INR

Head Of Reporting
Posted 08 May 2020
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 16-20 Years n/a 8,726,100 INR

Investment Associate
Posted 14 April 2020
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 4-8 Years n/a 1,105,200 INR

Business Process Manager
Posted 09 April 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 2,152,400 INR

Hhhhhhhh
Posted 26 February 2020
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 4-8 Years n/a 581,700 INR

Dealing
Posted 06 February 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 12-16 Years n/a 383,900 INR

Analyst
Posted 29 January 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 8,144,400 INR

Analyst
Posted 27 January 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 1,396,100 INR

Business Analyst
Posted 22 January 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 325,800 INR

Risk Analyst
Posted 23 December 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 0-1 Year n/a 813,800 INR

Research Associate
Posted 12 December 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 1-2 Years n/a 1,046,300 INR

Manager
Posted 09 December 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 0-1 Year n/a 348,700 INR

Investment Advisor
Posted 25 November 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 12-16 Years n/a 1,395,100 INR

Analyst
Posted 21 November 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 4-8 Years n/a 2,499,600 INR

Senior Consultant
Posted 17 November 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 4-8 Years n/a 1,591,600 INR

Regional Head Sales
Posted 28 October 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years n/a 2,732,100 INR

Product Manager
Posted 26 October 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years n/a 2,150,800 INR

Credit Administration
Posted 20 October 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 12-16 Years n/a 5,115,600 INR

Quantitative Credit Risk Analyst
Posted 19 October 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years n/a 2,325,300 INR

Wealth Manager
Posted 14 October 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years n/a 872,000 INR

Senior Manager Finance
Posted 18 September 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 8-12 Years n/a 4,127,400 INR

Consultant
Posted 10 September 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 4-8 Years n/a 1,162,600 INR

Assistant Manager Finance
Posted 29 August 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 8-12 Years n/a 2,790,300 INR

Associate Director
Posted 28 August 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 8-12 Years n/a 4,883,100 INR

Finance Officer
Posted 05 August 2019
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 1,162,600 INR

Finance Head
Posted 01 August 2019
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 3,952,900 INR


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