Finance Managers are hired almost in all the major institutions like commercial banks, credit unions, savings and loan associations, a finance manager’s key responsibilities are as follows:

  • Managing financial reports
  • Profit Planning
  • Allocating Fund
  • Risk Management
  • Overseeing budget and audit
  • Raising Fund
  • Managing Cash

Finance Manager Salary

With their skills employed to fulfill such diverse responsibilities in an organization, Finance Managers are entitled to very impressive pay packages irrespective of the industry they belong to. Here is a glimpse of the industry based average salaries of finance mangers per year-the lists below would also help you in gauging the scope of finance managers in India:

  • Banking- INR 311,146 – INR 1,662,500
  • BPO- INR 494,602 – INR1,433,039
  • Financial Services – INR 203,728 – INR1,538,340
  • IT- INR 471,523 – INR 1,547,078

Salaries of Finance Managers by Experience

There is an opportunity to grab better salary ranges as an individual gains experience in the field:-

Job Category Years of Experience Average Annual Salaries
Finance Manager Less than a year 1-4 years 5-9 years 10-19 years 20 years and more INR 190000 – INR700000 INR 240534 – INR1211501 INR 487126 – INR1530296 INR 401482 – INR2014703 INR 481653 – NR2442522
Assistant Finance Manager Less than a year 1-4 years 5-9 years 10-19 years 20 years and more INR 119195 – INR951272 INR 239328 – INR911157 INR 292565 – INR932530 INR 348935 – INR973010 INR 381328 – NR530623

Salary variations in different cities are aimed at meeting the varying costs of living in those cities:
Job Category City Average Annual Salaries
Finance Manager Hyderabad Andhra Pradesh Gurgaon Haryana Mumbai Maharashtra Delhi Delhi Chennai Tamil Nadu Pune Maharashtra Bengaluru Karnataka INR 401467 – INR1768743 INR 593218 – INR1612000 INR 462138 – INR1906816 INR 315309 – INR2133076 INR 364923 – INR1676754 INR 475638 – INR1648902 INR 481421 – INR1698968
Assistant Finance Manager New Delhi Delhi Gurgaon Haryana Mumbai Maharashtra Chennai Tamil Nadu Pune Maharashtra Bengaluru Karnataka INR 278982 – INR1020511 INR 273212 – INR1110136 INR 259309 – INR870821 INR 343152 – INR950175 INR 234132 – INR902170 INR 294791 – INR 948329

You need to be very careful with the kind of courses or certification you choose in this field. As you prepare your career graph your degree will play a major role in determining your salaries and designation:

Job Category Certification Average Annual Salaries
Finance Manager CPA or Certified Public Accountant CA or Chartered Accountant CIMA or Chartered Management Accountant B Com Certified Management Accountant Certified Financial Planner or CFP Institute of Cost and Works Accountant Business Certificate INR 506837 – INR2981402 INR 486935 – INR 1837859 INR 496647 – INR1972651 INR 342000 – INR1443388 INR 391486 – INR1736186 INR 226800 – INR 751000 INR 493272 – INR1327678 INR 365801 – INR 1734217
Assistant Finance Manager CA or Chartered Accountant B Com Certified Financial Analyst or CFA Institute of Cost and Works Accountant INR 407224 – INR1012076 INR 291019 – INR852357 INR 123650 – INR1003338 INR 293349 – INR930797

Here is a glimpse of the gender based salaries for finance managers and assistant finance managers:

Job Category Gender Average Annual Salaries
Finance Manager Female INR 310793 -INR1650151
Male INR 372251 – INR1602479
Assistant Finance Manager Female INR 238390 – INR934911
Male INR 272232 – INR918335

Finance Manager Job Benefits

The overall bucket of benefits enjoyed by finance managers are listed below:

  • Paid vacations
  • Private Medical Insurance
  • Paid Sick Leave
  • Life Insurance

* Salaries are subject to change without prior notice
* Salaries and benefits are subject to change with time.

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