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Highest paying jobs in finance in India

Management

Blog Date
August 22,
2023

Finance is one of the most important and employment-generating sectors in India. The industry has been growing rapidly, creating a demand for skilled professionals in various roles. While a foundational degree like BBA (Bachelor of Business Administration) or BCom (Bachelor of Commerce) can provide decent job opportunities in finance, pursuing further education, such as an MBA in Finance, can open up higher-paying and managerial roles in the field. 

The highest-paying jobs in the finance sector involve managing assets and liabilities on behalf of an organization. Jobs in the finance sector allow individuals to make decisions that have the potential to impact millions of dollars, if not billions. Let’s explore some of the high-paying job roles in the finance sector. 

Also read: MBA in finance full course details 

Top paying jobs in the finance sector with salary 

Finance Manager 

Finance managers are responsible for a company’s financial planning, budgeting, and forecasting. They are also responsible for managing the company’s cash flow and developing and implementing financial policies. Finance managers are also responsible for ensuring that the company meets its financial goals. A finance manager may be required to develop long-term strategies to maximize profits over time, or they may be required to alter short-term strategies based on information from an outside source, such as market research or sales reports. It is one of the highest-paying finance jobs in India. 

Salary: A finance manager can early an annual salary of up to 30 lakhs 

Private Equity Associate  

A private equity associate is a financial consultant who works with companies to raise capital. In most cases, they work with business owners or other investors, such as venture capitalists and investment bankers. They may also help businesses find ways to improve their operations. 

Salary: A private equity associate can early an annual salary of up to 41.2 lakhs 

Risk Manager  

Risk managers are responsible for identifying and mitigating financial risks faced by organizations. They play a crucial role in maintaining financial stability and ensuring compliance with regulations. An MBA in Finance with a specialization in risk management can be beneficial for aspiring risk managers. 

Salary: A risk manager can early an annual salary of up to 26 lakhs 

Investment Banker 

Investment bankers are responsible for advising clients on the most effective ways to raise capital, including issuing securities and entering mergers, acquisitions, and other strategic transactions. They also advise companies on financial strategy. 

Salary: An investment banker can early an annual salary of up to 40 lakhs 

Compliance Officer 

A compliance officer is responsible for ensuring that a company complies with the regulations and laws specified by the industry. These officers have legal backgrounds and often liaise between companies and government regulators. They are also responsible for investigating internal fraud, such as embezzlement or insider trading, when it occurs within their organization. 

Salary: A compliance officer can early an annual salary of up to 15 lakhs 

IT Auditor 

The IT auditor is a professional responsible for the security, reliability, and integrity of the organization’s information systems. A typical IT auditor performs risk assessments and reviews of the organization’s information systems to ensure they adhere to its policies and procedures. The job also includes auditing software programs in order to detect any errors or vulnerabilities. 

Salary: An IT auditor can early an annual salary of up to 18 lakhs 

Financial Analyst 

A financial analyst is a person who analyzes the financial statements of a company and makes recommendations to the management on investment decisions. The job of a financial analyst involves reviewing income statements, balance sheets, and other information provided by companies. They are responsible for advising senior management on how they should use their money. 

Salary: A financial analyst can early an annual salary of up to 11 lakhs 

Check out:  A guide on how to get a job in the finance sector

Top banking jobs in the finance sector 

Banking is a highly competitive sector. The banking sector has been growing rapidly over the years, and it is the backbone of the economy. The banking sector provides some of the highest-paying banking jobs in India, as it offers high salaries, bonuses, and perks to its employees. Anyone interested in entering this field should make sure that they have what it takes to make it big here. 

Bank Manager 

Bank managers are responsible for the overall performance of a bank. They are in charge of several departments and must ensure that all employees work towards achieving the goals set by their superiors. To achieve these goals, they need to manage their staff effectively, as well as maintain good relationships with customers and other businesses. 

The main duties of bank managers include: 

  • Planning and implementing business strategies 
  • Overseeing employees’ work performance 
  • Delegating tasks to staff members 

Salary: A bank manager can earn an annual salary of up to 16 lakhs 

Bank Auditor 

The bank auditor is an independent professional who reviews the bank’s financial statements and internal controls. The main function of a bank auditor is to check the books of a bank to ensure that its accounting records are accurate. Bank auditors ensure that banks comply with regulations and laws, including those related to fraud prevention, tax evasion, and money laundering.  

Salary: A bank auditor can earn an annual salary of up to 12 lakhs 

Equity Trader 

Equity trading is a highly competitive area of finance and requires you to have a good understanding of the market. You will need to be able to make quick decisions and handle pressure. You also need to be able to communicate well with colleagues, clients, and other traders. A strong grasp of risk management is essential in this role as it’s down to you as an equity trader what happens when things go wrong during trades. 

Salary: A equity trader can earn an annual salary of up to 14.2 lakhs 

Credit Analyst 

A credit analyst is a person who analyzes the creditworthiness of a company. The credit analyst is responsible for evaluating the credit risk of a company in order to make recommendations to the management regarding whether they should lend money to that particular company or not. In order to analyze how risky a company is, the credit analyst will look at its assets, liabilities, and financial statements. They also need to know about accounting standards and what kind of information can be helpful in analyzing companies’ financial health. 

Salary: A credit analyst can earn an annual salary of up to 15 lakhs 

Fund Manager 

If you want to be a fund manager, you need to understand investing and risk management. The first thing a fund manager does is decide what kind of portfolio will produce the best returns for investors. Then, they go out and find investments that meet their criteria. They do this by buying stocks, bonds, and other assets (such as real estate), which will hopefully generate profit for the investor. In addition to making investment choices, they also manage risk by selling off some of their holdings if necessary in order to prevent losing all of an investor’s money. 

Salary: A fund manager can earn an annual salary of up to 93 lakhs 

To know more, you can also read Important concepts to learn during an MBA in BFSI

What is the demand for finance professionals in India?  

The jobs in the finance sector in India are numerous. The country has a large population, and more people are getting into the job market every day. With globalization and liberalization, there are many opportunities for Indians to work abroad or join multinational companies (MNCs). As a result, there will be an increasing demand for professionals in the financial sector as well. 

In addition to this, the government of India is trying to reform the banking sector by allowing foreign investment in banks as well as insurance companies so that private players can invest their money here and give better services at competitive rates.  

You can also check out Why choose an MBA in Finance? 

How to get into top-paying jobs in the finance industry? 

Getting into top-paying jobs in the finance industry requires a combination of education, skills, experience, networking, and continuous self-improvement. Here are some steps you can follow to increase your chances of landing high-paying roles in finance: 

Pursue a relevant education: Start with a foundational degree like BBA or BCom to build a strong understanding of business and finance concepts. Consider pursuing advanced degrees like an MBA in Finance to gain advanced knowledge and enhance your credentials. 

Obtain certifications: Certain certifications can significantly boost your resume and demonstrate your expertise. For example, the Chartered Financial Analyst (CFA) designation is highly respected in the finance industry and can open doors to prestigious roles. 

Gain experience: Internships, part-time jobs, or entry-level positions in finance will provide you with practical experience and expose you to real-world challenges. Seek opportunities to work with reputable financial institutions or companies to build your resume. 

Develop strong analytical skills: Finance professionals need to be proficient in data analysis, financial modeling, and risk assessment. Take courses or workshops to improve your quantitative skills, which are highly valued in the industry. 

Network: Networking is crucial in the finance industry. Attend industry events, seminars, and conferences to connect with professionals in the field. Building a strong network can lead to valuable referrals and job opportunities. 

Demonstrate leadership skills: Top-paying finance jobs often involve leadership and managerial responsibilities. Develop your leadership and communication skills to show your potential to lead teams and make strategic decisions. 

Specialize in a niche: Focus on a specific area within finance, such as investment banking, private equity, hedge funds, or risk management. Developing expertise in a niche can make you more attractive to employers in that field. 

Remember that building a successful career in finance takes time and effort. Focus on continuous learning and leverage your network to discover opportunities that align with your career goals. With determination and the right approach, you can position yourself for top-paying roles in the finance industry. 

Top companies that hire finance professionals 

  • HDFC Bank 
  • ICICI Bank 
  • Axis Bank 
  • State Bank of India (SBI) 
  • Kotak Mahindra Bank 
  • Yes Bank 
  • IndusInd Bank 
  • IDFC First Bank 
  • Tata Consultancy Services (TCS) 
  • Infosys 
  • Wipro 
  • Reliance Industries Limited (RIL) 
  • Mahindra & Mahindra (M&M) 
  • Larsen & Toubro (L&T) 
  • Hindustan Unilever Limited (HUL) 
  • Aditya Birla Group 
  • ITC Limited 
  • Tata Motors 
  • Maruti Suzuki India Limited 
  • Bharti Airtel 

These companies operate in various sectors within the finance industry, such as investment banking, asset management, consulting, accounting, and financial services. It’s important to note that the hiring practices of companies can change over time, and new organizations may emerge as prominent employers in the finance sector. Therefore, it’s always a good idea to stay updated with the latest industry trends and job opportunities. Additionally, the specific companies that are prominent in hiring finance professionals may vary based on the region or country you are considering for employment. 

Advance your career in finance with an online MBA from Manipal University Jaipur 

Progress in your finance career with an online MBA in finance course through Online Manipal. Employment opportunities in finance are vast and one can secure a well-paying job in this sector upon completion of an MBA in finance. Even if you’ve done your bachelor’s degree and are working a full-time job, you can still do an MBA in online mode. An MBA helps you get into higher positions in the finance domain and increases your earning potential. An MBA also helps you get placed in top-tier companies. Enroll for an online MBA in finance course and begin your journey to a fruitful career in finance. 

Flexible learning schedules, live and recording classes, readily available e-learning content, top-notch faculty, dedicated course mentors, student support services, attractive scholarships, and placement assistance are some of the benefits that students get by enrolling for an online course through Online Manipal. 

Conclusion 

The finance sector in India is growing at a rapid pace. With a huge number of jobs being created every year, there are many opportunities for both freshers as well as experienced professionals to excel in their careers. With the right skills and knowledge, anyone can make their mark in this industry and make their way up the corporate ladder by working hard at it. 

Disclaimer

Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.


Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.

  • TAGS
  • Finance
  • Master of Business Administration
  • Online MBA

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