Investment Banking Salary in India

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Jul 25, 2024 13:04PM IST

Investment Banking Salary

The investment banker salary depends upon various factors such as years of experience, acquired skill set, the organization where one is hired, job role, reputation of the organization, etc. The average investment banker salary also varies depending on the company, qualifications, specializations, skills, years of experience, location etc. 

The average investment banker salary ranges between INR 6,00,000 -15,00,000 per annum. Individuals who take up entrepreneurship even earn up to INR 20,00,000-22,00,000 per annum. Upon completing an Investment Banking course, candidates get diverse opportunities in various parts of the industry.

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Average Salary of an Investment Banker

The average investment banker salary in India differs depending upon the job profile at which one is hired. Some of the popular career opportunities and their investment banker salary is discussed below:

Job Profile

Average Salary (per annum)

Investment Banker

INR 9,00,000 - INR 15,00,000

Financial Planner

INR 6,00,000 - INR 12,00,000

Financial Analyst

INR 5,00,000 - INR 10,00,0000

Credit Manager

INR 6,00,000 - INR 9,00,000

Financial Advisor

INR 8,00,000 - INR 14,00,000

Financial Risk Manager

INR 9,00,000 - INR 15,00,000

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Level-Wise Investment Banking Salary

There can be differences in investment banker salary depending upon the level at which the individual is hired. Those who are hired at entry-level or mid level earn less in comparison to individuals who have been hired at senior level and management positions.

Job Level

Average Salary (per annum)

Entry-Level

INR 4,50,000 - INR 6,00,000

Mid-Senior Level

INR 6,50,000 - INR 8,00,000

Senior Level

INR 7,50,000 - INR 9,00,000

Top Management Level

INR 9,00,000 - INR 15,00,000

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Company-Wise Investment Banking Salary

There are various companies that offer high investment banker salary to individuals who have completed the investment banking course from a reputed institution. Most of these companies visit prestigious institutions during placements and provide students with pre-placement offers. Depending upon the company, there might be differences between the investment banker salary offered to individuals. Some of the reputed companies and their investment banker salary details are shared below.

Company Name

Average Salary (per annum)

Wipro

INR 6,20,000

ICICI Bank

INR 7,20,000

HDFC Bank

INR 8,78,000

JP Morgan

INR 21,65,000

Morgan Stanley

INR 15,25,000

Barclay’s

INR 13,20,000

IBM

INR 7,12,000

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Qualification-Wise Investment Banking Salary

The investment banker salary also varies depending upon the qualification of the candidate. All the individuals who have pursued an MBA with a specialization in investment banking earn higher in comparison to students who have completed other postgraduate or certificate or diploma level investment banking courses. Refer to the table given below to see the salary difference between individuals on the basis of academic qualifications.

Investment Banking Qualification

Average Salary (per annum)

Certificate Courses

INR 3,25,000

Diploma & Postgraduate Diploma Courses

INR 5,51,000

Undergraduate Degree

INR 8,10,000

Postgraduate Degree

INR 15,87,000

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Specialisation-Wise Investment Banking Salary

There are some popular specializations which offer great investment banker salary in comparison to other specialisation. This could be due to the rising demand for some specializations and their job roles. Some of the popular specializations and their average investment banker salary details are provided below.

Specialisation

Average Salary (per annum)

MBA - Masters in Business Administration 

INR 15,25,000

CFA - Chartered Financial Analyst

INR 9,20,000

CMA - Cost Management Accountant

INR 8,00,000

FRM - Financial Risk Management 

INR 7,50,000

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Skill-Wise Investment Banking Salary

Differences in the salary can also be seen depending upon the skill set of an individual. Students who have acquired the right skills tend to earn higher in comparison to those who have not acquired industry specific skills. The investment banker salary differences can be easily spotted in the table given below.

Skills

Average Salary (per annum)

Investment Banking

INR 7,20,000

Private Equity

INR 6,25,000

Financial Planning

INR 9,80,000

Risk Management

INR 12,20,000

Capital Market

INR 10,25,000

Mergers & Acquisitions

INR 13,25,000

Wealth & Asset Management

INR 13,50,000

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Hierarchy-Wise Investment Banking Salary

The investment banker salary also varies depending upon the job position at which the individual is currently hired. Top management positions have great salaries in comparison to entry and mid level positions. Refer to the table given below to understand how the hierarchy can bring significant differences in investment banker salary.

Position

Average Salary (per annum)

Vice President

INR 60,66,000

Director

INR 35,20,000

Investment Banker Analyst

INR 19,11,000

Investment Banker Associate

INR 8,91,000


 

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Experience-Wise Investment Banking Salary

Another factor that can affect the average investment banker salary is the years of experience one has. The journey of an investment banker is not easy and is loaded with challenges at every stage. Only an individual who is able to gain 8-10 years of experience in the industry can secure a future for themselves. Refer to the table below to understand the difference between investment banker salary on the basis of experience.

Experience

Average Salary (per annum)

0-5 Years

INR 7,90,000

6-10 Years

INR 14,20,000

11-15 Years

INR 18,00,000

16-20 Years

INR 30,44,000

20 Years & Above

INR 40,00,000 & above

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City-Wise Investment Banking Salary

The city where one has a job decides his or her investment banker salary. Metropolitan cities have better salary packages in comparison to tier 2 and tier 3 cities. Some of the popular cities offering higher investment banker salaries include Delhi, Gurugram, Mumbai, Bangalore and Hyderabad.

City Name

Average Salary (per annum)

Delhi

INR 9,50,000

Gurugram

INR 9,20,000

Mumbai

INR 8,80,000

Hyderabad

INR 8,50,000

Bangalore

INR 8,10,000

Pune

INR 4,60,000

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Top Investment Banking Recruiters

There are numerous recruiters that offer high investment banker salary to individuals who have completed the course from a prestigious institution. The salary differences can also be seen due to the recruiters under whom one is working. Some of the top recruiters with high investment banker salary are listed below.

  • JP Morgan
  • Morgan Stanley
  • Cognizant
  • Wipro
  • Deloitte
  • Bank of America 
  • American Express
  • Goldman Sachs
  • Maruti Suzuki
  • IBM
  • Barclay’s
  • Apple Inc.
  • PwC
  • Amazon
  • HDFC Bank
  • Oracle
  • ICICI Prudential
  • Capgemini
  • Ernst & Young
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