| The average salary for financial analysts in India revolves around 5.5 lakhs per year for entry-level positions. Senior financial analysts earn salary up to 15-16 LPA. Check detailed analysis below in this comparative guide. |
Who is a Financial Analyst in India?
In India, a financial analyst studies financial data, market trends, and business performance. This helps companies, investors, and people make smart money choices.
- They examine financial statements, judge investments, predict earnings, and check for risks.
- They work in banking, insurance, investment, corporate finance, and consulting, giving advice that shapes important money plans.
- These analysts are key in helping businesses and investors in India make decisions.
- They look at past and current financial results and create reports, valuation models, and investment advice.
- India's fast-growing economy, stock markets, and global investments have boosted the need for these skilled analysts, making it a well-regarded and satisfying career.
Financial Analyst Salary Per Month in India 2025 for Freshers
Below is a table that shows estimated monthly salaries for entry-level Financial Analysts in India for 2025, along with job titles and common job descriptions. Please note that while these figures are estimates and can change based on location, company, and skills.
Job Title / Level | Monthly Salary Estimate (Freshers / Entry-Level) | Annual Equivalent | Typical Job Description |
Entry Level Financial Analyst / Financial Analyst (0-3 years) | ₹40,000 – ₹60,000 / month | ~ ₹4.5 lakhs – ₹7.2 lakhs per annum | Assist in gathering financial data (income statements, balance sheets etc.), help with basic financial modelling, support senior analysts in preparing reports, doing variance analyses, possibly forecasting, analysing cost / revenue trends. Usually requires a Bachelor's in Finance / Economics / Accounting. |
Junior Financial Analyst / Financial Associate (freshers) | ~ ₹35,000 – ₹55,000 / month | ~ ₹4.2 lakhs – ₹6.6 lakhs per annum | Similar duties to entry-level: data collection, financial statement analysis, helping in budgeting, assisting in preparing presentations for seniors, may also involve basic risk assessments or market research. Sometimes less modelling, more support. |
Financial Analyst Intern / Trainee | ₹30,000 – ₹50,000 / month | (~₹3.5-6 lakhs equivalent) | Learning role: narrower scoped tasks – assisting senior staff, clean data, generating basic reports, possibly shadowing more complex tasks; less decision-making authority. May not have full responsibilities. |
- Based on information from several sources, a starting salary for financial analysts in India is about ₹40,000 to ₹60,000 per month. For instance, entry-level pay is ₹4-7 lakh per year in cities like Mumbai and Bangalore.
- The average starting salary for a financial analyst is about ₹5,24,737 per year, that's roughly ₹43,000-₹45,000 each month.
- Yearly average of ₹6,80,000 (about ₹56,600 monthly) for financial analysts, but this number includes both entry-level and experienced professionals.
Make a interesting comparison before going forward: MBA in Data Analytics, Salary, Syllabus
Senior Financial Analyst Monthly Salary in India
Senior financial analysts typically earn well in India. Actual salaries vary based on multiple factors.
Job title | Typical Monthly salary (INR, 2025) | Job description |
Senior Financial Analyst — (National typical range) | ₹53,750 – ₹137,500 / month (₹6.45 LPA – ₹16.50 LPA per year) | Prepares and reviews financial models, does budgeting & forecasting, analyses P&L and cash flows, supports FP&A and business decisions, creates management reports and investment/valuation inputs, and advises on cost / profitability improvements. Senior-level expectation: 3–7+ years experience, stronger modelling, stakeholder communication and ownership of processes. |
Senior Financial Analyst — Bangalore (example metro) | ₹59,792 – ₹154,167 / month (₹7.17 LPA – ₹18.50 LPA per year); avg ~₹91,667 / month (₹11.00 LPA/yr) | Same senior FP&A/analysis responsibilities; in tech/finance hubs often includes cross-functional partnering, deeper KPI tracking, tool/ERP ownership, and occasional involvement in capital/strategic projects. |
Senior Financial Analyst — Typical corporate / product-FP&A (mid / large firms) | Median total comp ≈ ₹166,927 / month (median total comp ₹2,003,124/yr — note: includes stock/bonus for big-tech/finance employers) | At large MNCs or product companies senior analysts often have broader remit: monthly forecasting cadence, variance analysis to explain drivers vs plan, monthly/quarterly board packs, and support for business cases; compensation can include variable pay, RSUs/ESOPs. |
Senior Financial Analyst — Job-description summary (official hiring language) | — | Typical responsibilities listed in hiring templates: financial forecasting, risk evaluation, preparing management reports, modelling (DCF, NPV), KPI dashboards, stakeholder communication, auditing controls and process improvements. Required skills: Excel/PowerBI/Tableau, accounting knowledge, CA/ICWA/MBA/Finance degree often preferred. |
- Monthly figures are calculated from reported annual figures.
- Ranges vary by city, sector (tech, BFSI, consulting), company size, and whether variable pay or equity is included.
If you wish to compare salary in detail, check and compare with Investment Banker Salary in India 2025.
Factors Influencing Financial Analyst Salary Per Month in India
A Financial Analyst's monthly salary in India varies based on several factors:
- Experience: Starting salaries are lower, but with three to seven years of experience, analysts can advance to higher-paying positions such as Senior Financial Analyst or Finance Manager.
- Location: Salaries tend to be greater in metropolitan cities such as Bangalore, Mumbai, Delhi NCR, and Pune, where many multinational corporations, investment banks, and financial technology companies are present. Smaller cities usually have lower pay rates.
- Industry: Investment banking, consulting, information technology, and multinational corporations tend to pay analysts more than smaller businesses, start-ups, or non-profit organizations. Banking, financial services, and insurance (BFSI) and the technology sectors usually offer top salaries.
- Company size and reputation: Larger corporations, global multinational corporations, and Big Four companies often provide better salaries, bonuses, and opportunities for advancement compared to smaller, local companies.
- Education and certifications: Advanced degrees such as an MBA in Finance, Chartered Accountancy (CA), Chartered Financial Analyst (CFA), Cost and Works Accountant (ICWA), or Financial Risk Management (FRM) can greatly increase earning potential because employers value specialized knowledge and credibility.
- Skills and tool knowledge: Understanding financial modeling, valuation methods, Excel, SQL, Power BI, Tableau, Enterprise Resource Planning (ERP) tools (like SAP or Oracle), and having strong analytical and reporting skills can lead to higher pay.
- Performance: Consistent work, good predictions, and the ability to impact business decisions usually result in faster promotions and salary increases.
- Global experience: Analysts who work with international teams, global markets, or in jobs related to mergers, acquisitions, or strategy tend to make more due to the increased responsibility.
In summary, a Financial Analyst’s salary in India depends on education, skills, industry, and location, with large cities and global companies offering the best pay packages.
Find out: Best MBA Finance Career in India: Salary, Skills & Career Guide
Which City in India Pays the Most to Financial Analyst?
- In India, Mumbai usually offers the highest pay for Senior Financial Analyst positions, specifically in investment banking, private equity, financial services, and companies that deal with capital markets.
- Mumbai salaries are top-tier, especially for jobs that carry a lot of responsibility and include bonuses or equity.
- That being said, Bengaluru and the Gurgaon/Delhi NCR area aren't far behind. Their strong tech, fintech, and startup scenes, along with many multinational companies, mean they offer very competitive wages for financial analysts.
- Jobs in product finance, tech finance, or corporate strategy in these cities can sometimes pay even better than in Mumbai.
Tabulate below is the detailed comparison:
City | Annual Salary Range* | Approx Monthly Equivalent |
Mumbai | ₹4,16,000 to ~₹2,012,000 | ~₹34,700 – ₹167,667 / month |
Bangalore | ₹5,95,000 to ~₹1,590,000 | ~₹49,580 – ₹132,500 / month |
Gurgaon / Gurugram | ₹5,50,000 to ~₹1,200,000 (typical range); high roles (e.g. top companies) up to ~₹20,00,000+ | ~₹45,833 – ₹100,000 / month for mid-ranges; in top firms can go higher (≈ ₹1,66,667+/month for ₹20,00,000 annual) |
All figures represent total annual compensation as per available information (base + bonuses / additional pay where indicated). Monthly estimates are simple divisions (annual ÷ 12); actual take-home may be lower after taxes, PF, deductions.
Insights
- Mumbai appears to have the highest salaries at the high end, especially for senior positions in finance, banking, and capital markets. However, there's a broad range in the lower percentiles, with pay differing greatly based on the industry and the particular company.
- Gurgaon is also quite competitive, especially in large multinational corporations and consulting or finance businesses. Senior analysts there can earn a lot. Average salaries are on par with or a bit lower than those in Mumbai, but top workers can potentially earn as well as or more than those in Bangalore or mid-level positions in Mumbai, depending on the company.
- Bangalore pays well, mainly in tech, fintech, startups, and product-based companies. Its top salaries don't quite reach those in Mumbai or Gurgaon for pure finance or banking jobs. Still, for tech-related roles, pay is often competitive, thanks to bonuses and stock options.
Insights on: MBA Financial Management
How to Become a Financial Analyst in India 2025?
Below is a detailed step-by-step roadmap to become a Financial Analyst in India:
Stage | Education / Degree | Key Skills to Develop | Certifications (Optional but Valuable) | Career Outcome |
1. Foundation (After 12th) | Choose Commerce / Science with Maths | Basics of Accounting, Business Studies, Economics, Statistics | — | Builds base for finance & analysis, prepares for UG courses |
2. Undergraduate Degree | B.Com, BBA (Finance), BA (Economics), or B.Sc (Statistics/Maths) | Accounting, Financial Management, Economics, Quantitative Analysis, Excel | — | Entry-level internships possible |
3. Postgraduate / Advanced Degree (Optional but Preferred) | MBA (Finance), M.Com, or Master’s in Economics / Finance | Financial Modelling, Corporate Finance, Valuation, Strategic Analysis | — | Enhances employability for top MNCs & banks |
4. Professional Certifications | — | Advanced Excel, Data Analytics, Communication Skills | CFA (Chartered Financial Analyst), CA (Chartered Accountant), FRM (Financial Risk Manager), CMA (Certified Management Accountant) | Globally recognized, boosts salary and credibility |
5. Skill Development (Technical) | — | Excel, SQL, Python/R (for financial data), Tableau, Power BI, SAP/Oracle | Google Data Analytics, Financial Modelling & Valuation Courses | Makes you industry-ready with tools used in FP&A, investment banking, equity research |
6. Skill Development (Soft) | — | Communication, Presentation, Problem-solving, Decision-making | Business Communication courses (LinkedIn, Coursera, etc.) | Helps in stakeholder interaction & reporting |
7. Internships & Entry-Level Roles | During UG/PG studies | Practical application of finance & analysis | — | Start as Financial Analyst Intern, Junior Analyst, or Research Associate |
8. First Job (0–3 Years Exp.) | With UG + skills or PG/MBA | Reporting, Budgeting, Forecasting, Data Analysis | CFA Level 1 / FRM Part 1 (if pursuing) | Roles: Financial Analyst, Business Analyst, Risk Analyst |
9. Mid-Level Growth (3–7 Years Exp.) | Experience + Certifications | Financial Modelling, Valuation, Forecasting, Business Partnering | CFA Level 2–3, FRM, CMA, CA (if chosen) | Roles: Senior Financial Analyst, Finance Manager, FP&A Specialist |
10. Long-Term Career (7+ Years Exp.) | Industry Expertise | Leadership, Strategic Decision-Making, Investment Strategy | Executive MBA, CPA, CFA Charter | Roles: Finance Director, VP–Finance, CFO |
Summary:
- Minimum requirement: Bachelor’s degree in Commerce, Finance, Economics, or related fields.
- Highly valued: MBA in Finance, CFA, CA, FRM for career acceleration. Skills in financial modelling, data tools (Excel, SQL, Power BI), and communication are crucial. Internships + Certifications = Strong employability & higher salary prospects.
Check: MBA Finance Skills Employers Value Most in 2025 and Masters in Finance vs MBA: Differences, Careers & Salaries
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