Financial Analyst Salary in India

• Introduction
• What Is a Financial Analyst?
• Financial Analyst Salary
• What Do Financial Analysts Do?
• Financial analysts – Job Description
• Financial Analyst – Required Qualification
• What options do financial analysts have for a career?
• Financial Analyst Salary FAQs

Introduction

A financial analyst is a business expert who analyses market trends, develops financial models, offers advice, and helps businesses make financial decisions. Financial analyst salary vary and the number is going to look different depending on the individual skill and job profiles. This blog is here to help you out in understanding all about the financial analyst, career path, salary and entry requirements today.

What Is a Financial Analyst?

Financial analysts analyse financial data and utilise the results to assist businesses in making choices. Frequently, their study is intended to assist businesses in making investment decisions.

Financial analysts primarily do research on macroeconomic, microeconomic, and firm basic factors in order to create predictions about companies, markets, and industries. On the basis of a company’s overall performance and future prospects, they frequently suggest a course of action, such as buying or selling its stock.

An analyst must be knowledgeable about recent advancements in their area of expertise as well as the creation of financial models to forecast future economic circumstances for a variety of factors.

Financial Analyst Salary

Financial Analyst Salary based on designation and Country are given below:

What Do Financial Analysts Do?

A financial analyst meticulously examines the market and makes business judgments using a systematic, quantitative mind. In order to effectively serve their client’s business needs, financial analysts will need to keep an eye out for trends and make predictions. A financial analyst serves as the equivalent of a company’s computer by providing their clients with any required advice.

Financial analysts – Job Description

• Collecting comprehensive financial data that is relevant to the business or client
• Investigating market and sector trends
• Report writing: examining the effectiveness of various business concepts
• Creating financial projections and models
• Managing equity, investments, and risk
• Presentation of results
• Collaborating with other offices and businesses

Financial Analyst – Required Qualification

• 0–3+ years of experience in a financial company.
• Advanced knowledge of financial modelling procedures
• Excellent command of Excel operations and calculations
• Requires a BA, BS, or B.Com degree (Bachelor of Accounting, Finance, or Economics).
• Strong aptitudes for analysis and data collection

What options do financial analysts have for a career?

Financial analysts are among the highest-paid financial professionals. In India, a profession in financial analysis is regarded as the pinnacle of Wall Street. Financial plans and strategies are created by financial analysts and can be applied to any investment decision. Financial analysts are predicted to see annual growth in employment of 5%. As a financial analyst, you may hold a variety of positions, including senior financial analyst, finance manager, operations manager, management consultant, and trader.

How to Get a High Financial Analyst Salary in India?

The financial industry provides some of the highest-paying employment in addition to other advantages. But the main determinants of a financial analyst’s income include a variety of things, including their level of education, experience, and set of talents. Therefore, in order to become a good financial analyst, you must gain industry-specific talents.

Taking an excellent course that is pertinent to your field is one of the finest methods to strengthen your financial analytics skills. You will be given the knowledge you need for success in this field through a well-structured course and instructive curriculum. Financial analysts are among the highest-paid financial professionals. In India, a profession in financial analysis is regarded as the pinnacle of Wall Street. Financial plans and strategies are created by financial analysts and can be applied to any investment decision. Financial analysts are predicted to see annual growth in employment of 5%. As a financial analyst, you may hold a variety of positions, including senior financial analyst, finance manager, operations manager, management consultant, and trader. To succeed in the financial industry, consider taking these courses for free and upskill;

Financial Risk Analytics
Financial Markets
Financial Accounting

Financial analyst job roles and their salary

So far, we have discussed about financial analysts and what they do. Now, we’ll discuss some of the financial analyst job roles, required skillsets, responsibilities and salaries.

Senior Financial Analyst

Senior Financial Analysts are in charge of reviewing data and making judgments on investment portfolios based on their findings. In order to meet the budgeting goals put before them, they also assist in managing other members of the finance department and create recommendations that CFOs will accept.

Senior Financial Analysts Salary: 
The average senior financial analyst salary in India is  ₹612560 ( payscale )
The average senior financial analyst salary in the USA is  $83,660. ( source: money. usnews )

Finance Manager

A Financial Manager is a professional who is responsible for the financial health of an organization. To ensure long-term success, they produce precise data analyses and offer top management profit-maximizing suggestions.

Finance Manager Salary 
IN: The average Finance Manager's salary in India is 1,012,386/ year
US: In 2021, the typical income for financial managers was $134,180. 

Operations Manager

Operations managers are in charge of all levels of an organization’s operational activities. They are responsible for hiring, training, and overseeing quality control initiatives. A process improvement strategy is developed by an operations manager to guarantee that everyone completes their job on time. Upskill your knowledge in Operations Management and stand out in the crowd.

Operations Manager Salary 
IN: The average yearly income for an operations manager in India is 7.5 lakhs, with salaries ranging from 3.0 lakhs to 18.5 lakhs. Salary projections are based on Operations Managers' 42.4k salary.
US: In the United States, a manager makes an average yearly pay of $56,423. reported salary of 17,000, as of July 31, 2022.

Management Consultant

Management consultants assist businesses in problem-solving, enhancing operations, creating value, and maximising growth. They pinpoint fixes for company issues and offer recommendations for adjustments to be made.

Management Consultant Salary 
IN: Average Management consultant salary in India is: ₹1,200,385
/ year

US:  The average salary for a Management Consultant is $1,03,853 in the United States.

Trading/Stock Broking

A stockbroker’s main responsibility is to find and carry out purchase and sell orders. In order to invest in securities, many market participants rely on stockbrokers’ knowledge and proficiency in the workings of the market. A stockbroker has the option of working independently or with a brokerage company.

Stock Broking salary 

US: The national average salary for a Stock Broker is $55,646 in the United States.

IN: The national average salary for a Stock Broker is ₹3,21,131 per year in India.

Accountant

ensuring the correctness of financial records and that they adhere to all applicable rules and regulations. creating and keeping up with significant financial reports. making sure taxes are paid accurately and on schedule, and preparing tax returns

Accountant Salary 
IN: In India, an accountant's initial salary typically ranges from 0.8 Lakh to 6.7 K per month and the maximum annual wage for an accountant is 6.2 lakhs rupees (51.7 thousand rupees per month).
US: The average salary for an Accountant is $59403 per year in the United States

Portfolio Manager

Investment decisions are made by portfolio managers. They create and manage portfolios, decide what and when to acquire and sell investments, and develop and implement investment strategies and processes to suit client goals and restrictions.

Portfolio Managers Salary 

US: the median annual portfolio manager salary was $81,590 in 2021
IN: Portfolio Manager salary in India ranges between ₹ 3.0 Lakhs to ₹ 30.0 Lakhs with an average annual salary of ₹ 7.0 Lakhs. 

Mergers & Acquisitions Analyst

A mergers and acquisitions specialist’s role is to make the process of buying or merging businesses easier from start to finish. The duties of M&A professionals vary depending on the stage of a transaction because mergers are complex processes.

Mergers and acquisitions specialist Salary 
IN: Mergers & Acquisitions Analyst salary in India ranges between ₹ 3.5 Lakhs to ₹ 15.0 Lakhs with an average annual salary of ₹ 8.0 Lakhs.
US: The salaries of Mergers and Acquisitions Analysts in the US range from $55,870 to $187,200, with a median salary of $115,820. 

Future of Financial Analysts

Even in India today, working as a financial analyst is regarded as one of the top jobs. According to reports, India is the only country with over 7,000 open positions for financial analysts. They have the opportunity to work with financial institutions, multinational banks, the Reserve Bank of India, the Industrial & Development Bank of India, Unit Trust of India, finance and leasing companies, stockbroking firms, insurance companies, public sector organisations like the Railways, corporate sector, and consulting firms once they have earned the desired qualification.

Financial Analyst Salary FAQs