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


SALARY SURVEYS

207

UPDATED
December 2022
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AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)

79.45 INR = 1 USD

2,474,879 INR

$31,159 USD
Bangalore

1,912,865 INR

556,134 INR

$7,001 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 2,474,879 INR per year. The most typical earning is 556,134 INR. All data are based on 207 salary surveys. Salaries are different between men and women. Men receive an average salary of 2,470,828 INR. Women receive a salary of 1,557,177 INR.

Based on education, the highest salaries receive people with Doctorate Degree with salary of 3,424,202 INR. The second most paid education level is Masters Degree with salary of 2,431,104 INR.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of 6,435,275 INR. Employees with 20+ Years of experience receive 5,227,668 INR.

Levels / Finance & Banking / Mumbai (Gross INR)

Salary Levels (INR) per Year Surveys [%]
79,400 INR - 158,799 INR
0 n/a
158,900 INR - 238,299 INR
0 n/a
238,300 INR - 397,199 INR
8 100%
3.86%
THE MOST TYPICAL SALARY
397,200 INR - 794,399 INR
29 96.14%
14.01%
794,500 INR - 1,191,599 INR
26 82.13%
12.56%
1,191,700 INR - 1,588,899 INR
26 69.57%
12.56%
1,589,000 INR - 1,986,099 INR
22 57%
10.63%
1,986,200 INR - 2,383,399 INR
23 46.38%
11.11%
2,383,400 INR - 2,780,599 INR
23 35.27%
11.11%
2,780,700 INR - 3,177,799 INR
10 24.15%
4.83%
3,177,900 INR - 3,575,099 INR
4 19.32%
1.93%
3,575,200 INR - 3,972,299 INR
7 17.39%
3.38%
3,972,400 INR - 4,369,599 INR
3 14.01%
1.45%
4,369,600 INR - 4,766,799 INR
2 12.56%
0.97%
4,766,900 INR - 5,163,999 INR
5 11.59%
2.42%
5,164,100 INR - 5,561,299 INR
3 9.18%
1.45%
5,561,300 INR - 5,958,499 INR
0 n/a
5,958,600 INR - 6,355,699 INR
3 7.73%
1.45%
6,355,800 INR - 6,752,999 INR
2 6.28%
0.97%
6,753,100 INR - 7,150,199 INR
0 n/a
7,150,300 INR - 7,547,499 INR
2 5.31%
0.97%
7,547,500 INR - 7,944,699 INR
1 4.35%
0.48%
7,944,800 INR - 8,341,899 INR
1 3.86%
0.48%
8,342,000 INR - 8,739,199 INR
0 n/a
8,739,300 INR - 9,136,399 INR
1 3.38%
0.48%
9,136,500 INR - 9,533,699 INR
1 2.9%
0.48%
9,533,700 INR - 9,930,899 INR
1 2.42%
0.48%
9,931,000 INR - 10,328,099 INR
0 n/a
10,328,200 INR - 10,725,399 INR
0 n/a
10,725,500 INR - 11,122,599 INR
1 1.93%
0.48%
11,122,700 INR - 11,519,899 INR
0 n/a
11,519,900 INR - 11,917,099 INR
0 n/a
HIGH SALARIES
11,917,200 INR - 12,711,599 INR
0 n/a
12,711,700 INR - 13,506,099 INR
1 1.45%
0.48%
13,506,100 INR - 14,300,499 INR
0 n/a
14,300,600 INR - 15,094,999 INR
1 0.97%
0.48%
15,095,100 INR - 15,889,499 INR
0 n/a
15,889,600 INR - 16,683,999 INR
0 n/a
16,684,000 INR - 17,478,399 INR
0 n/a
17,478,500 INR - 18,272,899 INR
0 n/a
18,273,000 INR - 19,067,399 INR
0 n/a
19,067,500 INR - 19,861,899 INR
1 0.48%
0.48%
19,862,000 INR - 27,806,699 INR
0 n/a
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Gender / Finance & Banking / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Men 170 2,470,828 INR
2 Women 22 1,557,177 INR

Education / Finance & Banking / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Doctorate Degree 9 3,424,202 INR
2 Masters Degree 143 2,431,104 INR
3 Bachelors Degree 55 2,423,159 INR

Experience / Finance & Banking / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 16-20 Years 15 6,435,275 INR
2 20+ Years 7 5,227,668 INR
3 12-16 Years 20 3,781,717 INR
4 8-12 Years 37 2,399,325 INR
5 4-8 Years 64 1,795,521 INR
6 1-2 Years 9 1,755,797 INR
7 2-4 Years 42 1,708,128 INR
8 0-1 Year 13 929,539 INR

Age / Finance & Banking / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 41-45 15 5,108,496 INR
2 46-50 3 4,854,263 INR
3 n/a 15 3,869,110 INR
4 51-55 2 3,757,883 INR
5 36-40 25 3,598,987 INR
6 31-35 48 2,065,644 INR
7 26-30 79 1,914,693 INR
8 21-25 20 746,809 INR

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

# Surveys AVERAGE SALARY / YEAR
1 Self Employed 3 3,471,871 INR
2 Permanent 193 2,502,607 INR
3 Contract 11 1,731,963 INR

Careers / Finance & Banking / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Bank Manager 6 6,673,619 INR
2 Economist 2 4,274,294 INR
3 Hedge Fund Manager 2 4,218,680 INR
4 Other Finance Career 19 3,432,147 INR
5 Risk Manager 18 3,424,202 INR
6 Investment Manager 12 3,019,018 INR
7 Financial Adviser 10 2,899,846 INR
8 Finance Manager 32 2,574,110 INR
9 Financial Accountant 7 2,208,650 INR
10 Banks 11 2,153,036 INR
11 MBA 29 1,890,858 INR
12 Tax Manager 2 1,851,134 INR
13 Risk Analyst 15 1,835,245 INR
14 Chartered Financial Analyst 3 1,485,674 INR
15 Financial Analyst 33 1,422,116 INR
16 Mortgage Underwriter 1 1,024,877 INR
17 Stock Broker 2 818,312 INR
18 Fund Manager 2 595,858 INR
19 Bank Cashier 1 492,576 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 427,800 INR

Analyst
Posted 08 September 2022
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 0-1 Year Basic 427,800 INR

Chief Executive Officer
Posted 27 July 2022
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 16-20 Years Expert 4,975,300 INR

Analyst
Posted 19 July 2022
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 0-1 Year Intermediate 547,600 INR

Underwriter
Posted 13 June 2022
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years Advanced 1,024,600 INR

Onboarding
Posted 10 June 2022
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 1-2 Years Expert 7,172,600 INR

Model Risk Analyst
Posted 27 March 2022
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 0-1 Year Intermediate 2,033,500 INR

Risk Analyst
Posted 24 November 2021
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years Advanced 711,100 INR

Associate Director
Posted 21 September 2021
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years Expert 2,966,200 INR

Investment Banking
Posted 20 May 2021
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years Advanced 3,938,900 INR

Fund Servicing
Posted 27 February 2021
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years n/a 1,855,500 INR

Rating Analyst
Posted 12 December 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 527,800 INR

Director
Posted 10 December 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 20+ Years n/a 6,666,900 INR

Vice President
Posted 19 November 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 16-20 Years n/a 6,111,400 INR

Risk Associate
Posted 03 November 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 9,444,900 INR

Assistant Manager
Posted 28 October 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 2,111,200 INR

Senior Research Associate
Posted 11 October 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 1,644,500 INR

Senior Associate
Posted 14 September 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 777,800 INR

Zonal Manager
Posted 01 September 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 20+ Years n/a 3,889,100 INR

Senior Manager Finance
Posted 01 September 2020
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 20+ Years n/a 2,511,200 INR

Economist
Posted 09 July 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 12-16 Years n/a 7,444,800 INR

Fundmanager
Posted 24 May 2020
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 20+ Years n/a 11,111,700 INR

Area Sales Manager
Posted 14 May 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 1-2 Years n/a 666,600 INR

Manager
Posted 11 May 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 2,277,800 INR

Analyst
Posted 09 May 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 0-1 Year n/a 666,600 INR

Head Of Reporting
Posted 08 May 2020
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 16-20 Years n/a 8,333,800 INR

Investment Associate
Posted 14 April 2020
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 4-8 Years n/a 1,055,500 INR

Business Process Manager
Posted 09 April 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 2,055,600 INR

Hhhhhhhh
Posted 26 February 2020
City Education Experience Knowledge Gross salary / year
Mumbai Doctorate Degree 4-8 Years n/a 555,600 INR

Dealing
Posted 06 February 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 12-16 Years n/a 366,700 INR

Analyst
Posted 29 January 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 7,778,200 INR

Analyst
Posted 27 January 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 1,333,400 INR

Business Analyst
Posted 22 January 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 311,100 INR

Risk Analyst
Posted 23 December 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 0-1 Year n/a 777,200 INR

Research Associate
Posted 12 December 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 1-2 Years n/a 999,300 INR

Manager
Posted 09 December 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 0-1 Year n/a 333,000 INR

Investment Advisor
Posted 25 November 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 12-16 Years n/a 1,332,400 INR

Analyst
Posted 21 November 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 4-8 Years n/a 2,387,200 INR

Senior Consultant
Posted 17 November 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 4-8 Years n/a 1,520,100 INR

Regional Head Sales
Posted 28 October 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years n/a 2,609,300 INR

Product Manager
Posted 26 October 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years n/a 2,054,100 INR

Credit Administration
Posted 20 October 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 12-16 Years n/a 4,885,600 INR

Quantitative Credit Risk Analyst
Posted 19 October 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years n/a 2,220,700 INR

Wealth Manager
Posted 14 October 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years n/a 832,800 INR

Senior Manager Finance
Posted 18 September 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 8-12 Years n/a 3,941,800 INR

Consultant
Posted 10 September 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 4-8 Years n/a 1,110,400 INR

Assistant Manager Finance
Posted 29 August 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 8-12 Years n/a 2,664,800 INR

Associate Director
Posted 28 August 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 8-12 Years n/a 4,663,500 INR

Finance Officer
Posted 05 August 2019
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 1,110,400 INR

Finance Head
Posted 01 August 2019
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 3,775,200 INR


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