RISK MANAGER / SALARY
MUMBAI

SALARY SURVEYS

18

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

83.19 INR = 1 USD

3,584,321 INR

$43,087 USD

Bangalore

3,363,124 INR

1,830,136 INR

$22,000 USD

Including "Bangalore"

Excluding "Bangalore"

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Average Salary / Risk Manager / Mumbai

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Average salary for Risk Manager / Mumbai is 3,584,321 INR per year. The most typical earning is 1,830,136 INR. All data are based on 18 salary surveys. Salaries are different between men and women. Men receive an average salary of 3,302,563 INR. Women receive a salary of n/a.

Based on education, the highest salaries receive people with Bachelors Degree with salary of 4,309,138 INR. The second most paid education level is Masters Degree with salary of 3,493,896 INR.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of 5,698,378 INR. Employees with 12-16 Years of experience receive 5,407,220 INR.

Levels / Risk Manager / 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	0	n/a
415,900 INR - 831,799 INR	0	n/a
831,900 INR - 1,247,699 INR	2	100% 11.11%
1,247,800 INR - 1,663,699 INR	0	n/a
THE MOST TYPICAL SALARY
1,663,800 INR - 2,079,599 INR	3	88.89% 16.67%
2,079,700 INR - 2,495,599 INR	3	72.22% 16.67%
2,495,600 INR - 2,911,499 INR	3	55.56% 16.67%
2,911,600 INR - 3,327,399 INR	1	38.89% 5.56%
3,327,500 INR - 3,743,399 INR	0	n/a
3,743,500 INR - 4,159,299 INR	1	33.33% 5.56%
4,159,400 INR - 4,575,299 INR	0	n/a
4,575,300 INR - 4,991,199 INR	0	n/a
4,991,300 INR - 5,407,099 INR	2	27.78% 11.11%
5,407,200 INR - 5,823,099 INR	1	16.67% 5.56%
5,823,200 INR - 6,238,999 INR	0	n/a
6,239,100 INR - 6,654,999 INR	0	n/a
6,655,000 INR - 7,070,899 INR	0	n/a
7,071,000 INR - 7,486,799 INR	0	n/a
7,486,900 INR - 7,902,799 INR	0	n/a
7,902,900 INR - 8,318,699 INR	0	n/a
8,318,800 INR - 8,734,699 INR	0	n/a
8,734,700 INR - 9,150,599 INR	0	n/a
9,150,700 INR - 9,566,499 INR	1	11.11% 5.56%
9,566,600 INR - 9,982,499 INR	1	5.56% 5.56%
9,982,600 INR - 10,398,399 INR	0	n/a
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	0	n/a
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	0	n/a
14,142,000 INR - 14,973,799 INR	0	n/a
14,973,800 INR - 15,805,599 INR	0	n/a
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	0	n/a
20,797,000 INR - 29,115,799 INR	0	n/a

Gender / Risk Manager / Mumbai (Gross INR)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	16	3,302,563 INR

Education / Risk Manager / Mumbai (Gross INR)

#		Surveys
1	Bachelors Degree	4	4,309,138 INR
2	Masters Degree	13	3,493,896 INR
3	Doctorate Degree	1	1,863,411 INR

Experience / Risk Manager / Mumbai (Gross INR)

#		Surveys
1	16-20 Years	3	5,698,378 INR
2	12-16 Years	2	5,407,220 INR
3	20+ Years	1	4,076,212 INR
4	4-8 Years	6	3,452,302 INR
5	2-4 Years	5	2,146,250 INR
6	8-12 Years	1	1,073,125 INR

Age / Risk Manager / Mumbai (Gross INR)

#		Surveys
1	n/a	2	5,831,479 INR
2	36-40	2	5,407,220 INR
3	41-45	3	3,951,430 INR
4	26-30	6	3,402,389 INR
5	21-25	1	2,212,800 INR
6	31-35	4	1,880,048 INR

Work Type / Risk Manager / Mumbai (Gross INR)

#		Surveys		AVERAGE SALARY / YEAR
1	Contract	1	5,698,378 INR
2	Permanent	17	3,460,620 INR

People's individual salary examples (surveys)

Associate Director

Posted 21 September 2021
Key knowledge and tasks

"Risk model development."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	2-4 Years	Expert	3,105,800 INR

Risk Associate

Posted 03 November 2020
Key knowledge and tasks

"Data extraction and aggregation. Perform data analysis and present allowance numbers to regulators."

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
Key knowledge and tasks

"Analysis, cfa, data."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	2-4 Years	n/a	2,210,600 INR

Zonal Manager

Posted 01 September 2020
Key knowledge and tasks

"Cfe certified fraud examiner frsud investigation."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	20+ Years	n/a	4,072,100 INR

Analyst

Posted 21 November 2019
Key knowledge and tasks

"Credit analyst in insurance."

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

Credit Administration

Posted 20 October 2019
Key knowledge and tasks

"Cad post sanction activities."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	12-16 Years	n/a	5,115,600 INR

Internal Controls

Posted 28 June 2019
Key knowledge and tasks

"Internal Financial control."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Doctorate Degree	4-8 Years	n/a	1,860,200 INR

Senior Quant Analyst

Posted 27 May 2019
Key knowledge and tasks

"Model risk validation for banks."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	2-4 Years	n/a	2,790,300 INR

Assistant Manager

Posted 07 May 2019
Key knowledge and tasks

"Trade Finance Professional."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	8-12 Years	n/a	1,076,500 INR

Model Risk Governance

Posted 07 April 2019
Key knowledge and tasks

"Managing Model Risk."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	4-8 Years	n/a	2,092,800 INR

Credit Manager

Posted 16 November 2018
Key knowledge and tasks

"Credit Risk Manager."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	2-4 Years	n/a	945,800 INR

Treasury Middle Office Spealist

Posted 26 September 2018
Key knowledge and tasks

"Reporting daily risks wrt trading numbers."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	12-16 Years	n/a	5,701,400 INR

Risk Management

Posted 25 August 2018
Key knowledge and tasks

"Manage various risk of organizations."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	16-20 Years	n/a	2,591,600 INR

RISK MANAGER / SALARY MUMBAI

18