A financial analyst is entitled with the crucial task of understanding the financial status of the concern, by basing his conclusion on his analysis with his responsibilities including:

  • Generating financial records
  • Building on his quantitative concepts
  • Analyzing major financial trends
  • Performing financial forecasts
  • Building financial models

Salaries

The key industries of which Financial Analysts are a part of viz. banking, financial services etc are known to reward them amply in terms of salaries and other perks. Let us find out more about variations in their Pay Scales based on their experience, certification and a host of other factors.

Salaries by experience:

Needless to mention the salary ranges move northwards with the individual’s growing number of years in the field:

Job Category Years of Experience Average Annual Salaries
Financial Analyst Less than a year INR 121 957 – INR653 261
1-4 years INR 165 348 – INR753 628
5-9 years INR 241 194 – INR1 224 260
10-19 years INR 290 874 – INR2 473 008
Senior Financial Analyst Less than a year INR 241 610 – INR869 131
1-4 years INR 232 043 – INR1 000 868
5-9 years INR 329 190 – INR1 253 954
10-19 years INR 196 087 – INR4 110 599

Salaries by City

Different cities and their varying costs of living result in major difference among the average salaries:

Job Category City Average Annual Salaries
Financial Analyst New Delhi Delhi INR 181 207 – INR1 824 614
Chennai Tamil Nadu INR 136 831 – INR623 431
Bengaluru Karnataka INR 186 439 – INR818 023
Pune Maharashtra INR 151 005 – INR774 679
Hyderabad Andhra Pradesh INR 143 002 – INR604 024
Mumbai Maharashtra INR 174 590 – INR1 013 903
Senior Financial Analyst Gurgaon Haryana INR 245 109 – INR1 223 393
Chennai Tamil Nadu INR 205 780 – INR1 026 280
Bengaluru Karnataka INR 269 822 – INR1 051 795
Hyderabad Andhra Pradesh INR 285 667 – INR861 955
Mumbai Maharashtra INR 290 010 – INR1 746 355

Salaries by Industry

The key industries and their remunerations for Financial Analysts are listed below:

Job Category City Average Annual Salaries
Senior Financial Analyst BPO INR 202 735 – INR1 084 958
Banking INR 136 831 – INR623 431
Financial Services INR 286 068 – INR1 057 011
Accounting/Tax Services INR 232 699 – INR824 336
IT INR 356 593 – INR995 754
Investment Banking INR 298 185 – INR1 365 882
Financial Analyst BPO INR 132 000 – INR534 579
Banking INR 175 399 – INR777 517
Financial Services INR 178 462 – INR686 941
Accounting/Tax Services INR 101 736 – INR704 739
IT INR 156 098 – INR730 629
Investment Banking INR 148 375 – INR1 027 097

Salaries by Gender

The gender based salaries stand something like this:

Job Category Gender Average Annual Salaries
Financial Analyst Female INR 141 247 – INR607 646
Male INR 169 703 – INR 979 760
Senior Financial Analyst Female INR 220 598 – INR1 223 393
Male INR 250 155 – INR 1 060 827

Salaries by Certification

Job Category City Average Annual Salaries
Senior Financial Analyst CA or Chartered Accountant INR 504 850 – INR1 429 800
B Com INR 226 092 – INR907 935
Certified Financial Planner or CFP INR 360 000 – INR567 831
CPA or Certified Public Accountant INR 425 837 – INR 1 957 428
Institute of Cost and INR 336 000 – INR800 000
Works Accountant (ICWA) INR 286 895 – INR 1 079 014
Business Certificate 411 157 – INR966 913
Certified Management Accountant
Financial Analyst CA or Chartered Accountant INR 144 854 – INR614 169
B Com INR 174 516 – INR594 952
Certified Financial Planner or CFP INR 174 516 – INR594 952
CPA or Certified Public Accountant INR 174 516 – INR594 952
Institute of Cost and INR 343 500 – INR721 950
Works Accountant (ICWA) INR 144 320 – INR783 694
Business Certificate INR 206 790 – INR887 693
Certified Management Accountant

Benefits

Financial Analysts are in general entitled to a comprehensive package of benefits including paid sick leaves, private medical insurance, generous paid holidays, etc.
* Salaries and benefits are subject to change with time.