Financial Analyst Salary in India 2026
The average Financial Analyst salary in India is ₹7,50,000 per annum in 2026, ranging from ₹4,00,000 to ₹22,00,000 based on experience, company, skills, and location. Goldman Sachs pays the highest at ₹10,00,000 - ₹30,00,000. Mumbai offers the best average at ₹9,00,000/year.
Key Takeaways — Financial Analyst Salary 2026
- Average salary: ₹7,50,000/year in India
- Salary range: ₹4,00,000 (entry) to ₹22,00,000 (senior)
- Highest paying: Goldman Sachs at ₹10,00,000 - ₹30,00,000
- Best city: Mumbai at ₹9,00,000/year average
- Top skills: Financial Modelling, Excel (Advanced), Valuation, Equity Research boost salary by 20-40%
Financial Analyst Salary by Experience Level
Experience is the single biggest factor affecting Financial Analyst salary in India. Here's how salary scales from fresher to senior level, based on market data from 2026.
Pro tip: Financial Analyst professionals who switch companies every 2-3 years see 30-50% salary jumps compared to 8-15% annual increments at the same company.
Financial Analyst Salary at Top Companies
Company choice significantly impacts salary. Product companies and MNCs typically pay 2-3x more than service companies for the same role and experience level.
Goldman Sachs
Highest₹10,00,000 - ₹30,00,000
JP Morgan
₹8,00,000 - ₹28,00,000
Morgan Stanley
₹9,00,000 - ₹28,00,000
Deloitte
₹6,00,000 - ₹20,00,000
KPMG
₹5,50,000 - ₹18,00,000
ICICI Bank
₹5,00,000 - ₹15,00,000
HDFC Bank
₹5,00,000 - ₹14,00,000
Financial Analyst Salary by City
Location plays a key role in determining salary. Metro cities with higher cost of living and more tech companies offer 15-30% higher packages.
Skills That Boost Financial Analyst Salary
Professionals with these in-demand skills earn 20-40% more than their peers. Include these in your resume to target higher-paying roles.
Resume tip: Include these skills in your resume's skills section AND naturally within your experience bullet points. ATS systems scan for keyword frequency and context.
How to Negotiate a Higher Financial Analyst Salary
Most Financial Analyst professionals leave 10-30% salary on the table by not negotiating. Here are proven strategies to maximize your offer.
Research before the interview
Use this salary data to know the market rate. If offered below ₹7,50,000, you have data to counter.
Never share your current salary first
When asked, redirect: 'I'm looking for a role in the range of X-Y based on my skills and market rates.' Let them make the first offer.
Negotiate the total package, not just base
Include joining bonus, annual bonus, stock options (ESOPs), relocation allowance, and notice period buyout in your negotiation.
Get competing offers
Having 2-3 offers gives you the strongest negotiating position. Companies will match or beat competing packages.
Time your job switch strategically
Switch during appraisal season (March-April) or after a strong performance review. Use your increment as leverage for a higher base at the new company.
Build high-demand skills
Skills like Financial Modelling, Excel (Advanced), Valuation command premium salaries. Invest 6-12 months in upskilling before switching.
Common mistake: Accepting the first offer without negotiating. 87% of employers expect candidates to negotiate. You won't lose an offer by asking professionally.
Frequently Asked Questions
What is the average financial analyst salary in India?
The average financial analyst salary in India is ₹7,50,000 per annum. Investment banking analysts at top firms (Goldman Sachs, JP Morgan) earn ₹10-18 LPA as freshers.
CFA vs CA vs MBA Finance - which pays more?
MBA Finance from IIM/ISB pays the most initially (₹20-30 LPA placements). CFA charterholders earn ₹8-25 LPA. CAs earn ₹7-15 LPA but have more stable career progression. Each has different career paths.
How to break into investment banking in India?
Target IIM/ISB for MBA, or get a CFA charter. Intern at bulge bracket banks. Strong financial modelling skills and networking are crucial. Mumbai is the hub for IB roles in India.
Build Your Financial Analyst Resume — Target Higher Salary
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