Blog_Banner_Asset
    Homebreadcumb forward arrow iconBlogbreadcumb forward arrow iconFinancebreadcumb forward arrow iconTop Finance Salaries in India in 2024 [Based on Various Job Roles]

Top Finance Salaries in India in 2024 [Based on Various Job Roles]

Last updated:
11th Feb, 2021
Views
Read Time
8 Mins
share image icon
In this article
Chevron in toc
View All
Top Finance Salaries in India in 2024 [Based on Various Job Roles]

The finance sector in India is replete with diverse options. It can get pretty confusing for someone to choose one particular role, but guess what, one of the best metrics to choose a role is the salary. 

How much you can make in a role is certainly an excellent metric to determine whether it’s suitable for you or not. To help you with your decision, we have prepared the following article detailing the average finance salary in India according to various prominent jobs.

Going through this list will help you make a much-informed decision: 

Finance Salaries Based on Job Roles

1. Investment Banker

Investment banking is among the most popular career options for finance professionals. investment bankers help government organizations and companies in raising public or private money through equity or debt. They have to create detailed and fully integrated financial models to facilitate M&A (Mergers and Acquisitions) transactions. Apart from M&A, they help companies with financial planning and analysis. 

Ads of upGrad blog

When a company or government organization needs to raise capital, they hire investment bankers. They act as a link between investors looking for potential opportunities and companies looking to raise capital. They are financial experts who evaluate a company’s capital requirements, financial status, and future goals. After careful evaluation, investment bankers offer actionable recommendations to the company on how they can improve their financial status and achieve their goals. 

One of the primary responsibilities of an investment banker is to analyze a company’s requirements and goals and they usually do so through the retainer. Companies provide all of their financial information to the investment banker to assist them. 

Investment Banker Salary in India

The average pay of an investment banker in India is INR 9.66 lakh per annum. Freshers in this field can expect to earn around INR 2.48 lakh per year. As they gain more experience and skills, the pay also increases substantially. Experienced investment bankers can earn up to INR 70 lakh per annum. 

2. Certified Public Accountant

Certified Public Accountants are responsible for handling a company’s tax, accounting, audit, and reporting processes. Certified public accountants must be well-acquainted with the tax laws and regulations of their country. They are experts at financial analysis, tax compliance, and financial reporting. 

CPAs may work with government institutions or individual clients. Usually, a CPA reviews the company’s financial data and prepare detailed reports and documentation highlighting important information on the company’s taxes, finances, and audits. 

Apart from these tasks, a CPA’s tasks and responsibilities largely depend on their employer and the industry they work in. For example, you might work in a small accounting firm and assist multiple clients with their accounting needs. On the other hand, you might work with a large enterprise and overview of their financial reporting and auditing duties. 

To become a Certified Public Accountant, you must clear the CPA exam conducted by the American Institute of Certified Public Accountants. 

Learn MBA Programs from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career.

Certified Public Accountant Salary in India

The average pay of a CPA in India is INR 6.99 lakh per annum. Beginners in this role make around INR 1.72 lakh per year. However, as they gain more experience and skills, their package can increase up to INR 20 lakh per annum.

 

3. Portfolio Manager

Portfolio managers advise their clients and help them with developing investment goals. They are responsible for their clients’ investments. They might work as client-based advisors for both businesses and individual clients. Most of the portfolio managers working in large financial enterprises analyze the company’s risk and also manage their financial products/investments like mutual funds, equity bonds, etc. 

Portfolio managers aim to meet their client’s long-term goals. For this, they need to identify profitable investment opportunities that recapitalize revenue to reduce tax load and enhance capital for the client.  

Portfolio managers communicate with administrators and clients about their accounts, securities, and market trends. Since the profile involves analytical skills and expertise, an MBA with Specialisation in Business Analytics course is highly recommended for aspirants.

Featured Program For you MBA From Golden Gate University.

Portfolio Manager Salary in India

The median pay of a portfolio manager in India is INR 10 lakh per year. Freshers in this field earn around INR 3.12 lakh per annum while experienced portfolio managers can get up to INR 30 lakh per annum. 

4. Chief Risk Officer

A Chief Risk Officer (CRO in short) is responsible for effectively managing and countering any risks that an organization might be faced with that could negatively impact its financial position. 

They ensure that the company’s profits remain a priority while following all the regulations. A CRO checks and analyzes potential risks related to the company’s credit, investments, and financial assets. 

CROs must be well-versed with the rules and regulations of their company and the market. They ensure that every department in the company adheres to those rules and regulations to mitigate risks. 

Apart from monitoring and mitigating the financial risks of an organization, they also manage public matters to make sure that the company’s reputation stays unscathed. If a CRO finds any problematic areas, they would consult with the department in question and solve the matter as quickly as possible. They work closely with senior management to create, review, and implement multiple risk management policies. 

This role demands strong analytical and research skills as much of a CRO’s job involves gathering information from various sources and analyze them for potential issues. 

Chief Risk Officer Salary in India

The average salary of a chief risk officer in India is INR 14 lakh per annum. New CROs earn around INR 12.2 lakh per annum while with sufficient experience and skills a CRO can even earn INR 1 crore per annum.

5. Chief Compliance Officer

A chief compliance officer assesses the risks related to the product, compliance, and operation. They also create risk mitigation strategies for their organization and conduct internal reviews regularly. They are responsible for the operations and finances within an organization. 

When a department wants to take a new initiative or implementation, which requires executive budget approval, the chief compliance officer makes the necessary decision of whether to approve or not. They ensure that their company’s operations follow all the rules, regulations, and laws. 

A chief compliance officer creates and revises all the company policies to outline safe, ethical, and effective procedures. They review their organization’s codes of personal conduct to avoid any compliance issues and ensure the organization adheres to all the rules and regulations. In case any compliance issue arises, the chief compliance officer would investigate the matter with the department in question. They act as independent reviewers for company misconduct and similar matters. 

Chief Compliance Officer Salary in India 

A chief compliance officer must have a ton of industry experience. The median pay of a chief compliance officer in India is INR 33 lakh per annum. A new chief compliance officer earns around INR 8.17 lakh per annum while a more experienced and skilled professional in this role can earn up to INR 1 crore per annum. 

Like CRO, it offers an astonishingly high finance salary in India. You’d need an MBA in Finance to pursue this role as it requires a lot of skill and expertise. 

Read: MBA Finance Salary in India

Conclusion

As you must have noticed by now, the finance industry in India is brimming with opportunities. You can pick any one of the above roles and focus on pursuing them. You might have noticed that a lot of these roles require high-level expertise and experience.

Ads of upGrad blog

With an MBA, pursuing these roles would be much easier for you. It will teach you the necessary skills and guide you to be job-ready. You’ll get to work on courses and test out your real-world knowledge while working on projects and assignments, which will help sharpen your skills. 

With upGrad, aspirants can choose to pursue MBA in Finance specialization from Liverpool Business School or MBA in Digital Finance and Banking from O.P. Jindal Global University.

Ranked among the top B-schools of the UK, Liverpool Business School provides a 20-month MBA Finance course online, including a one-week immersion program at the university campus. The course comprises simulations and case studies from Harvard Business Publishing. During this program, the students get a chance to be mentored one-on-one by the industry leaders.

Profile

Kamal Jacob

Blog Author
Kamal is an experienced Online marketing consultant with a high degree of expertise in SEO, Web Analytics, Content/Technical planning and marketing.
Get Free Consultation

Select Coursecaret down icon
Selectcaret down icon
By clicking 'Submit' you Agree to  
UpGrad's Terms & Conditions

Explore Free Courses

Suggested Blogs

22 Most Asked Finance Interview Questions & Answers [For Freshers & Experienced]
60615
Summary In this article, you will learn about the 17 Most Asked Finance Interview Questions & Answers. Take a glimpse. Beginner-Level Finance Int
Read More

by Kamal Jacob

18 Feb 2024

27 Fun Finance Project Ideas & Topics [For Freshers & Experienced]
268537
One of the best ways to increase your knowledge on a subject is to put it to a practical test. This is why working on real-world finance topics for pr
Read More

by Dilip Guru

24 Jan 2024

Top 12 Crucial Finance Skills That Employers Value in 2024
74092
Companies in the finance sector are always on the lookout for skilled professionals. In fact, India is facing a shortage of skilled professionals. Rec
Read More

by Kamal Jacob

24 Jan 2024

Top 7 Career Options in Finance: What To Do After Finance Degree [2024]
80715
Embarking on a finance career promises financial prosperity, rapid growth, and work-life balance. As an experienced professional sharing insight with
Read More

by Kamal Jacob

07 Nov 2023

Finance Manager Salary in India in 2024 [Average to Highest]
899756
Are you interested in pursuing a career in finance management but are unaware of how much it pays and are unsure about work responsibilities? Well the
Read More

by Dilip Guru

MBA Finance Syllabus: Concepts & Advantages of upGrad MBA Finance Program
8669
Most advanced leadership and management positions hire MBA candidates with a specialization in Finance. This is because the MBA finance syllabus cover
Read More

by Kamal Jacob

25 Jun 2023

Top 15 Highest Paying Jobs in Finance in India [A Complete Report]
912525
In any job search, you have to sift through several postings and identify the roles that match your profile and aspirations. When you are interested i
Read More

by Rahul Karthikeyan

31 Mar 2023

Financial Advisor Salary in India in 2024 [Average to Highest ]
899504
Do you have a knack for finance and like to help out others? If so, then becoming a financial advisor might be the perfect choice for you. However, be
Read More

by Dilip Guru

25 Oct 2022

Career Opportunities for Freshers in Banking and Insurance Sector
10340
Last month, in November 2020, an RBI committee recommended the allowance of commercial banking licenses to large and established companies as well as
Read More

by upGrad

25 Sep 2022

Schedule 1:1 free counsellingTalk to Career Expert
icon
footer sticky close icon